The bullish mode of the market, which was already in place on the street as the nifty touched new high, is likely to get a boost with the narrative that wind in the state election is an indication of what is in store for April 2024. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Global energy agencies (such as IEA and EIA) are forecasting a strong trajectory for oil prices in 2024, despite the recent demand-related concerns.

The US Federal Reserve paused hiking interest rates and is cautiously optimistic about the economy. The Fed Rates are at 5-5.25%. Inflation is also around 3.2%, which is comforting and probably the reason why the Fed has paused hikes.

Following the assembly elections results in Chhattisgarh, Madhya Pradesh, and Rajasthan, the Adani group flagship Adani Enterprises hit a 10% upper circuit, while Adani Energy Solutions rose 14%. Adani Power and Adani Green Energy surged over 12%. Adani Total Gas, Adani Ports, and Adani Wilmar advanced 5-8%.

There are many sectors which have seen a re-rating in the last nine years. Especially in sectors like railways, defence where both the policy direction and funds both come from the government have seen a strong performance. There is another sector where policy making has an impact but it takes more to show its impact that is PSU banking space. With better than expected GDP numbers and the fact that state elections have thrown results, which street would take a sign of continuation of the current policies of clean up of the sector, will PSU banks see another round of push. ?

Nifty going found more energy on Friday to close at a new high.

Short-term traders can look to buy the stock for a target of Rs 432 in the next 3-4 weeks, suggest experts.

From the Sensex pack, SBI, ICICI Bank, L&T, NTPC, and Airtel were the top gainers, rising over 2% each. M&M, HDFC Bank, Bajaj Finance, and Axis Bank also opened higher. Whereas only Nestle opened in the red.

Syrma SGS Technology, which provides electronics manufacturing technology solutions, has given multibagger returns in 2023. The company should significantly benefit from the rapid growth in the electronic systems design and manufacturing (ESDM) industry, given its rich experience, strong order book and executional capabilities, says Sneha Poddar of Motilal Oswal Financial Services.

Year-to-date, the S&P BSE Midcap and Smallcap indices have given over 36% and 40% returns, respectively, whereas the benchmark Sensex has given around 11% returns.

From the Sensex pack, SBI, ICICI Bank, L&T, NTPC, and Airtel were the top gainers, rising over 2% each. M&M, HDFC Bank, Bajaj Finance, and Axis Bank also opened higher. Whereas only Nestle opened in the red.

Nifty surged nearly 2.4% last week and logged its fifth consecutive weekly gain, boosted by strong macroeconomic data. Meanwhile, a host of analysts shared their tech views on several stocks which may gain up to 15% in the near term. These stocks include ITC, Apollo Tyres, and HUDCO. Here is a list of 4 tech picks from various analysts:Here is a list of 4 tech picks from various analysts:

Record high for D-St! Sensex surges 900 points, tops 68K; Nifty above 20,550; Vodafone Idea, YES Bank, Punjab National Bank are some of the gainers in the morning trade.

Jefferies maintained a buy rating on Honasa Consumer with a target price of Rs 530. “Honasa is still evolving in its offline journey and will make mistakes in the online. Given the online mix, pushing inventory may not yield much, based on our calculation,” said the note.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Tata Motors and Exide Inds, while Nooresh Merani has a buy/sell recommendation on ICICI Bank and Can Fin Homes for today's trading session. Check out the targets and stoploss.

Portfolio managers say the results will ensure policy continuity and lift prospects for the stock market as international investors become more confident in their India allocations ahead of national elections. Jefferies Financial Group Inc. sees cyclical stocks benefiting the most from the outcome of the polls while Nuvama Wealth Management says it has become more confident in the government’s capital expenditure.

Many analysts suspect risks are to the upside, with Goldman Sachs tipping 238,000 including a chunk of workers returning from strikes, and a jobless rate of 3.8%.

Stocks that were in focus included names like HAL, which rose 3.41%, Tata Communications, which fell 3%, and Delta Corp, whose shares increased 2.19% on Friday.

Cyriac had joined Blackstone as its second employee in India in 2006, but left in February 2017 to start his own venture, having overseen the firm's first leadership transition in the country.

The net short position of FIIs reduced from Rs 56,948 crore on Thursday to Rs 47,161 crore on Friday.

Granules India announced that the USFDA has approved its Abbreviated New Drug Application, filed by Granules Pharmaceuticals, a wholly owned foreign subsidiary of the company, for Sildenafil for Oral Suspension.

“The stock is trading in an upward-sloping channel on the weekly frame and after the recent consolidation on the daily frame is making room for an upside. Traders can buy for a target of Rs 375 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

​The telecom JV between UK's Vodafone Plc and India's Aditya Birla Group reported a steady 16.3% RMS in the fiscal second quarter-unchanged from the number reported in the April-June period-data collated by the Telecom Regulatory Authority of India (Trai) showed. Vi had last reined in its RMS fall two years ago in Q2FY22.

Just a few months after half a dozen Russian institutions were permitted by the Indian capital market regulator to trade as foreign portfolio investors (FPIs) on local stock exchanges, three Russian entities are learnt to have applied for different licences with the GIFT City authorities.

The Nifty, the most keenly tracked gauge in the world's fourth-largest equities market, could surge to 20,500 immediately, building on its record closing levels of 20,267.90 Friday.

The capital markets regulator's proposed easing of rules follows feedback from the industry on the growing challenges in the implementation of the rules. Potential hurdles include higher costs, hardships for the employees affected, and likely flight of talent away from the asset management industry.

The total market value of all listed Tata Group companies is over ₹25 lakh crore. Software major Tata Consultancy Services, at nearly ₹13 lakh crore, commands more than half of the Tata Group's total market capitalisation.

This acquisition is a reflection of the relentless pursuit of UltraTech Cement to achieve 200 MT capacity from close to 132.5 MT at present. Recently, UltraTech had acquired a 0.54 MT cement asset of Burnpur Cement at Patratu, Jharkhand. Considering the company's aggressive capacity addition, analysts estimate the company will be able to reach 200 MT in the next six to seven years.

People aware of the development told ET that resolution plans have come from Rashmi Metaliks, United Biotech, Real Value Infotech Projects, Cyfuture India, Square Four Housing & Infrastructure Development, Ashdan Properties, Quant Efficient, and Yash Shares. One individual, Viren Jain, has also submitted a final bid.

​The index marked a new record high supported by broad market participation, which indicates that the near-term trend remains positive.

In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. The daily Relative Strength Index (RSI) is at 79.9. RSI above 70 is considered overbought. This implies that stock may show pullback. The daily MACD is above its center and signal Line, this is a bullish indicator.

MP, Rajasthan, Chhattisgarh have combined 66 or 12% of Lok Sabha seats – and the BJP-led National Democratic Alliance had swept through the 2019 general elections, winning 64 seats even after losing after the state elections in late 2018. “A stable political environment could further boost investors' confidence and drive the markets higher, with the possibility of benchmark Nifty 50 attaining 20500-20800 levels going ahead,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

MP, Rajasthan, Chhattisgarh have combined 66 or 12% of Lok Sabha seats – and the BJP-led National Democratic Alliance had swept through the 2019 general elections, winning 64 seats even after losing after the state elections in late 2018. “A stable political environment could further boost investors' confidence and drive the markets higher, with the possibility of benchmark Nifty 50 attaining 20500-20800 levels going ahead,” said Prashanth Tapse, Senior VP (Research), Mehta Equities.

While Nifty is up over 11% so far in the calendar year, India's m-cap has increased by about Rs 55 lakh crore in 2023, led by the outperformance of small and midcap stocks as well as a flood of IPOs on Dalal Street. India had joined the coveted $3 trillion club in May 2021. The journey of market capitalization of Indian listed companies from $2 trillion (July 2017) to $3 trillion (May 2021) took about 46 months.

From a technical standpoint, Nifty50 remains firmly on a rising trajectory. If it continues to advance within its defined and laid path, it may go on to test the upper edge of the rising channel which translates into the levels of 20500—20650 zone. The spikes in the volatility may turn the market choppy; however, there are greater of the breakout getting extended and the Index testing the upper edge of the rising channel. After that, some consolidation cannot be ruled out.

Going forward, FPI response will be crucially determined by the market trend, which, in turn, will be influenced by the state election results, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. If the state election results turn out to be favorable for the ruling dispensation, the market will stage a rally, and overseas investors are unlikely to miss that rally by big selling, he added.

The total market capitalization of all NSE-listed firms hit $4 trillion or over Rs 334.7 lakh crore, climbing over $600 billion since the start of the year. Meanwhile, the NSE-listed firms achieved a $ 4 trillion m-cap milestone from $ 3 trillion in just 30 months. Apart from the NSE-listed companies' market cap, here are other details:

It pays to be the leader and there is a good logical reason for it. It is not easy to become a leader of a particular sector. Right from the quality of the management and its ability to allocate capital correctly over a long term period of time and many economic cycles that makes a leader. Why is the issue of staying with the leader at this time ? Simple; valuations are not high and given the current sentiments, it is very likely that valuation may stay stretched before correction.

When it comes to the rural economy, most believe that it is auto and FMCG companies which give a good idea how the rural economy is working, But there is another set of companies which might have a better insight on how the rural and even semi urban part of the economy are doing because they work in this part of the country and also because of the fact of lending in those businesses which operate in the area. Despite all the headwinds, these small finance banks have been able to grow.

Barring Reliance Industries, nine other companies including HDFC Bank, ICICI Bank, Infosys and Hindustan Unilever witnessed addition in their market valuation. Bharti Airtel's valuation rallied Rs 23,746.04 crore to Rs 5,70,466.88 crore. The market capitalisation (mcap) of TCS jumped by Rs 19,027.07 crore to reach Rs 12,84,180.67 crore. HDFC Bank added Rs 17,881.88 crore, taking its market valuation to Rs 11,80,588.59 crore.

We have collated a list of three stocks that either hit a fresh 52-week high, or all-time high or saw a volume or a price breakout. We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view.

Indian benchmark equity indices closed higher for the fifth consecutive week on Friday, with the Nifty 50 hitting a new record high amid faster-than-expected economic growth in the September quarter. The S&P BSE Sensex closed 0.74% higher at 67,481, while the NSE Nifty 50 index closed above the 20,250 level."The short-term trend of Nifty continues to be positive, and one may expect further upside in the coming week. The next upside levels to be watched around 20510 (50% Fibonacci projection, taken from March 23 bottom-Sept 23 top-Oct 23 bottom). Immediate support is at 20140," Nagaraj Shetti, Technical Research Analyst at HDFC Securities said.Here are 5 stock recommendations for Monday:

While one event risk is state election results getting over, there is a chance that in the next few trading sessions will see a bullish move. But as the valuation is surely not in the cheap zone, it would be better that as an investor stay focussed on the business you are owning. Businesses which have a track record of being able to deal with all the swings of economic cycles. It is the large cap companies with strong balance sheets, strong brands which probably the ones which should be looked at in these conditions.

Hurun India's "Top 200 Self-made Entrepreneur of the Millennia 2023" list shows Bengaluru has the highest number of self-made billionaires at 129, followed by Mumbai, Gurugram, New Delhi and Chennai. Other than these cities, here's a list of cities where self-made billionaires live:

While it’s a common tendency to view downcycles as emotionally draining experience, the same emotional complexity often gets oversimplified or outrightly ignored when it comes to upcycles. The prevailing notion is that the upcycles are a gloriously gleeful ride, but this perspective can be deceiving. The truth is, upcycles are equally challenging. The psychological dynamics at play during a bull market are intricate.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Friday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

As the initial public offering (IPO) market witnessed one of the busiest periods last week with five companies, including Tata Technologies, Ireda, Flair Writing Industries and Gandhar Oil Refinery, launching their issues, there has been a lot of discussion about grey market and grey market premium (GMP). ET looks at what these terms mean:

According to Putnam, most investors chase the same stocks which are followed by hundreds of highly trained analysts and so it is hard to outperform. So he advises investors to seek out unloved, down-and-out turnaround situations as when these stocks eventually do come back, they can soar as investors pile into them.

The S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.

“If Evergrande fails to deliver an improved restructuring plan that meets the demands of the ad hoc group of creditors, the Hong Kong court is very likely to grant a winding-up order against the company,” said Lance Jiang, a partner at law firm Ashurst LLP.