Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.

As Q1 results of FY25 for listed companies begin to roll in, it's crucial for investors with bank stocks in their portfolios to be aware of the non-performing assets (NPAs) of these banks. According to Trendlyne data, Punjab & Sind Bank, City Union Bank, Canara Bank, and Bank of India are among the banks with the highest NPAs. Here's the list:

With Sensex and Nifty being at record high levels, many traders are uncomfortable going long as the risk-reward ratio looks more in favour of shorts in multiple stocks. ETMarkets reached out to analysts to find out top short-sell ideas for traders. Here are the top 5:

Shares of TCS surged 2.5% to Rs 4,020 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.

Hindustan Copper Ltd's stock has shown impressive growth, doubling investors' money in the last year. Experts suggest a bullish trend with targets of Rs 390-410. After a consolidation phase, the stock is showing signs of a potential rally. Traders advised to consider buying near Rs 340-330 levels.

Shares of TCS surged 2.5% to Rs 4,020 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.

Hindustan Copper Ltd's stock has shown impressive growth, doubling investors' money in the last year. Experts suggest a bullish trend with targets of Rs 390-410. After a consolidation phase, the stock is showing signs of a potential rally. Traders advised to consider buying near Rs 340-330 levels.

Indian markets rose Friday, led by TCS's strong June quarter. Sensex climbed 281 points, Nifty50 up 93 points. Stocks like TCS, Infosys, and Adani Ports surged. Maruti fell. US inflation data raised September Fed rate cut chances, noted by CME FedWatch. RBI's Das predicted 5% retail inflation. Powell's testimony hinted at possible rate cuts.

Shares of TCS surged 2.5% to Rs 4,020 in early NSE trading after reporting higher-than-expected earnings for the June quarter. Jefferies upgraded TCS and raised its price target, while CLSA and JPMorgan maintained ratings with higher targets. Domestic analyst Nuvama also increased its target price.

Jefferies upgraded TCS post Q1 earnings, increasing its target. UBS reviewed Zomato, Federal Bank, and ABB India. Morgan Stanley reaffirmed 'Buy' for Prestige Estates, while Axis Capital downgraded Vedant Fashions.

Hem Securities’ India Rising SME Stars led June returns with 23.81%. Funds by Saurabh Mukherjea, Sunil Singhania, and others excelled, with 90 funds reporting double-digit returns. Notable performers include Wallfort PMS, Equitree, and Accuracap.

Momentum trade is making its way back as market

The Nikkei share average dropped 2% on Friday, influenced by a tech stock selloff mirroring Wall Street. Profit-taking before Japan's long weekend due to currency intervention concerns. Tokyo Electron and Disco saw significant declines. Topix also down 0.93%. Market affected by bond yield decrease and SoftBank's chipmaker acquisition.

Sensex and Nifty closed down Thursday amid profit booking before quarterly results. TCS fell 0.18%, Hindalco rose 0.25%, Shipping Corp surged 20%. Analysts recommend using VWAP, RSI for potential momentum, and maintaining stop losses. TCS target: 4030-4050; Hindalco: 705-715; Shipping Corp: 350-360, hit upper circuit, swing high resistance, trailing stop loss.

"The overall economic environment globally and in India is so uncertain. The second thing is that CPI (consumer price index) headline inflation continues to be close to 5%, and I think it is too early to talk about an interest rate cut," the Governor said in an interview to a television station.

India's insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regarding the grant of stock options to Rashmi Saluja, who serves as the chairperson of Religare. The notice alleges that Care Health Insurance violated IRDAI directions by issuing stock options to Saluja despite prior refusal in May 2022. Saluja, an executive chairperson at Religare, was granted these options as an employee, though she is a non-executive director at Care.

RKN Enterprises, owned by Rishad Naoroji, divested significant stakes in Godrej Properties and Godrej Agrovet, totaling ₹1,654 crore, with notable purchases by Freyan Crishna Bieri and other prominent individuals.

Senior portfolio manager Steve Eisman foresees prolonged strength in US megacap tech stocks driven by AI accessibility. Eisman recommends owning large-cap tech stocks like Apple, Nvidia, Microsoft, and Oracle. Despite concerns about Nvidia's valuation, Eisman remains optimistic about its future earnings growth. He also predicts a Trump victory in November.

Biocon Biologics plans to raise ₹4,500 crore with HSBC and MUFG's aid for a $175 million Aflibercept option. Previous funding by Kotak and Edelweiss and Crisil predicts ₹4,800 crore debt by FY26. Tackling $1.2 billion debt, Biocon's net profit at 7% due to high-interest costs. Revenue at 57% in FY24. Ownership stands at 70%, market improved post-Viatris transition.

TCS reported a 3.16% net profit drop to ₹12,040 crore in June due to wage hikes and macroeconomic uncertainties. Revenue increased to ₹62,613 crore, driven by a ₹15,000 crore BSNL deal. CEO Krithivasan noted geopolitical issues. AI, Cloud, IoT grew; $8.3 billion deal pipeline. Added 5,452 employees; 24.7% margin. GenAI pipeline at $1.5 billion; India business jumped 61.8%.

The Nasdaq fell sharply due to Nvidia, Apple, Tesla, Microsoft, Amazon, and Meta Platforms losses amid inflation data. Smaller companies rallied, boosting the Russell 2000. Heavy U.S. trading was noted as the S&P 500 fell and real estate rose 2.7%. Delta and Conagra Brands forecast lower profits; Tesla delayed robotaxi launch. Citigroup fined $136M.

India's insurance regulator, IRDAI, has issued a show cause notice to Care Health Insurance, a subsidiary of Religare Enterprises, regarding the grant of stock options to Rashmi Saluja, who serves as the chairperson of Religare. The notice alleges that Care Health Insurance violated IRDAI directions by issuing stock options to Saluja despite prior refusal in May 2022. Saluja, an executive chairperson at Religare, was granted these options as an employee, though she is a non-executive director at Care.

Sebi committee discusses but ultimately rejects proposal to reclassify promoters in listed companies, maintaining the 10% threshold rule. Companies seek changes to allow for reclassification of non-involved family members. Experts highlight concerns over potential misuse and urge case-by-case evaluations.

Raymond shares surged 5% to ₹2,001 on the NSE following the lifestyle business demerger. Shareholders will get four Raymond Lifestyle shares for every five held. Raymond Realty, newly demerged, adds to Raymond’s three listed entities. InCred Equities expects Raymond Lifestyle listing by August-September. The combined value of three businesses is ₹3,755 per share, per Motilal Oswal.

Thursday's markets ended flat after recovery. Gift Nifty points to positive start; support at 24150, according to Nagaraj Shetti from HDFC Securities. India VIX dropped 3.03%. FPIs net sold Rs 1,137 crore, while DIIs bought Rs 1,676 crore. Mixed global markets. Brent crude at $85.77. Forex updates: euro $1.0869, yen 158.73. Stocks in F&O ban include India Cements.

“Cement stock in action which should add to the momentum. Grasim stock has been making higher highs from the last 16 months. Traders can buy for a target of Rs 2900 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Asian equities fell amid US inflation signs. Yen fluctuated due to Bank of Japan actions. Japanese shares, Kospi dropped, while Australian shares rose. Nasdaq 100 fell 2.2%. S&P 500 and small-caps gained. Rate cut optimism drove riskier investments. West Texas Intermediate rose; gold steady. July rate cut a longshot. AI boosts megacap tech. Treasury yields down.

Domestic markets closed steady with focus on TCS, HCL Tech, Anand Rathi Wealth, and others for their first quarter results. Companies like RIL's Ethane Crystal LLC and Prestige Estates face challenges. GTPL Hathway shows growth in revenue. Oriental Rail Infra secures a significant order from Indian Railways. Adani Wilmar expands stake in OCIPL.

After surging over 60% in a year, the cement stock broke out of a classic Flag pattern this week, propelling it to a new record high of Rs 2,836 on July 11, 2024. This breakout, recognized as a bullish continuation pattern in technical analysis, indicates the potential for further upward momentum.

Tesla's stock dropped 6.5% following news of a two-month delay in its robotaxi launch, as reported by Bloomberg. Apple shares dipped 2.4% after reaching a record high on Wednesday, despite BofA Global Markets increasing its price target due to anticipated strong iPhone sales fueled by new AI features.

Shares of Tesla tumbled Thursday following a report that Elon Musk's electric auto giant will delay a much-anticipated "robotaxi" event. Before Thursday, Tesla shares had risen 11 straight days in a move partly attributed to the robotaxi event, which Musk has described as a platform for the company's ambitious autonomous driving technology.

In February 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt Ltd against its dues. Vi was then estimated to owe ATC around Rs 2,000 crore. Vi shares had earlier closed around 0.5% lower at Rs 16.56 on the BSE on Thursday. According to company insiders, ATC India will likely hold around 0.2% in Vi, post-conversion.

In February 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt Ltd against its dues. Vi was then estimated to owe ATC around Rs 2,000 crore. Vi shares had earlier closed around 0.5% lower at Rs 16.56 on the BSE on Thursday. According to company insiders, ATC India will likely hold around 0.2% in Vi, post-conversion.

In February 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC Telecom Infrastructure Pvt Ltd against its dues. Vi was then estimated to owe ATC around Rs 2,000 crore. Vi shares had earlier closed around 0.5% lower at Rs 16.56 on the BSE on Thursday. According to company insiders, ATC India will likely hold around 0.2% in Vi, post-conversion.

Benchmark Sensex and Nifty closed marginally down in a volatile session on Thursday as investors booked profits in heavyweights ahead of the announcement of key financial results for the June quarter. Retreating from early highs, the 30-share BSE Sensex closed lower by 27.43 points or 0.03 per cent at 79,897.34. The NSE Nifty edged down 8.50 points or 0.03% to settle at 24,315.95. "The underlying trend of Nifty remains choppy with positive bias. A sustainable move above 24,500 levels is expected to open the next upside targets of 24,900 levels in the near term. Immediate support is at 24,150," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 6 stock recommendations for Friday:

When a sector or an industry does well, stock prices also do well. But then a stage comes where while the Industry continues to do well the rate at which the stocks are rising slows. Essentially meaning that stock prices have built in a large amount of good news and they would wait for the next trigger. While there is no doubt and should not be any doubt that auto stock has done well in the last three years as the industry has been doing well. But the reaction of the street to some reports about M&M might be cutting the prices of one SUV model is probably indicating more than just meets the eye. So, should one take some money off the table or should one be slightly cautious when it comes to putting in fresh money? Is this cool down an opportunity for a long term investor ? Probably yes.

Traders reacted swiftly, pricing in about an 85% chance of a September rate cut after the report, up from about 70% earlier, and also boosting bets on second rate cut in December. They also priced in an increasing, but still less than 50-50, chance that the Fed will squeeze in a third rate cut by year's end.

The robust listing met expectations, reflecting the company's long-term potential. Analysts recommend that investors maintain their positions for promising future returns.

The Dow Jones Industrial Average fell 26.18 points, or 0.07%, at the open to 39,695.18.

Sonata's emphasis on platform-based services, particularly with Microsoft Dynamics, caters to a growing industry demand, boosting revenue through licenses and fueling the company's overall growth.

Despite fluctuations, the Nifty maintains an overall upward trajectory. A decisive move beyond 24,500 is projected to trigger further gains, potentially reaching 24,900 in the near future. The current support level stands at 24,150.

Corrections and volatility are inherent in the market, regardless of how strong the bull run may be. Instead of dwelling on their occurrence, focus on mastering simple yet effective techniques to preserve capital and make profitable trades during short-term market movements.

After an initial surge, the BSE Sensex retreated, closing marginally lower by 0.03% at 79,897.34, dragged down by selling pressure on major stocks. The NSE Nifty also experienced a similar trajectory, ending the day with a slight dip of 0.03% at 24,315.95, following a volatile trading session.

The NSE has revised criteria for securities used as collateral in margin trading. 1,010 stocks, including Adani Power and Yes Bank, will be impacted. New rules require securities to meet specific criteria. Changes to take effect from August 1, 2024.

Hindalco's target price raised to Rs 800 by Motilal Oswal as they plan a USD 6.9 billion capex for capacity expansion.

When a sector or an industry does well, stock prices also do well. But then a stage comes where while the Industry continues to do well the rate at which the stocks are rising slows. Essentially meaning that stock prices have built in a large amount of good news and they would wait for the next trigger. While there is no doubt and should not be any doubt that auto stock has done well in the last three years as the industry has been doing well. But the reaction of the street to some reports about M&M might be cutting the prices of one SUV model is probably indicating more than just meets the eye. So, should one take some money off the table or should one be slightly cautious when it comes to putting in fresh money? Is this cool down an opportunity for a long term investor ? Probably yes.

Finance Minister Nirmala Sitharaman is set to present her seventh consecutive Union Budget, expected to include an effective tax rate cut, increased subsidies for cooking gas, interest rate subventions for rural and urban housing, special financial assistance to states, and expanded subsidized healthcare coverage.

In June 2024, CDSL continued to gain market share in terms of the total number of demat accounts. It raised its overall market share MoM. On a YoY basis, NSDL lost 420 bps and 620 bps market share in total and incremental demat accounts respectively.

When several mutual fund schemes invest in a particular stock, it usually makes investors more confident about it. As of June 2024, 150 stocks were held by more than 100 mutual fund schemes. According to the latest analysis by ETMarkets, nine of these stocks have seen their share prices rise by more than 50% in the current fiscal year FY25. (Data Source: ACE MF, ACE Equity).

Shipping stocks surged with Shipping Corporation of India hitting a new all-time high, and Great Eastern Shipping a 52-week high. Investors anticipate a Rs 15,000-20,000 crore Maritime Development Fund from the Union Budget. Essar Shipping surged, along with Cochin Shipyard. Multibagger returns were seen, but experts' opinions do not represent Economic Times' views.