The Nifty Top 10 Equal Weight Index is a new addition by NSE, tracking the top 10 stocks from Nifty 50 with equal weights. While it may be a benchmark for asset managers, retail investors may find better diversification with existing options.

Raymond's lifestyle business demerger process begins with shareholders receiving new equity shares. The company's stock price rises by nearly 5% on the BSE. Restructuring aims to streamline group structure.

Ambuja Cements surged 3.5% to Rs 688 after Nomura upgraded to 'buy' with a Rs 780 target.

Under the terms of the contract, 95% of the contract value will be disbursed upon receipt of an inspection certificate from the nominated agency and proof of dispatch or delivery of the materials. The remaining 5% will be paid after the goods are received, inspected, and officially accepted.

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Thursday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

YES Bank jumps 6.5% to Rs 26.60 after Moody’s positive upgrade and reports of First Abu Dhabi Bank likely interest in its 51% stake.

The Union Budget 2024 could impact sugar and fertiliser stocks, with policy changes anticipated for ethanol and bio-fertiliser subsidies. Stocks historically lag before budgets, especially in election years. Analysts suggest waiting before investing. Notable stocks include Bajaj Hindustan Sugar, Chambal Fertilizers, and Coromandel International, though triggers for stock movements are not detailed.

Tata Elxsi's shares dropped 3% on BSE after a 3% YoY profit fall to Rs 184 crore in June 2024. Revenue rose 9% YoY to Rs 926 crore; net profit sequentially declined 6%. EBITDA fell 3% QoQ. Margins at 27.23%. CEO Manoj Raghavan emphasized operational excellence and fiscal discipline. Kotak: 'Sell', Choice: 'Reduce'.

Tide Water Oil (India) Ltd. stock surged 123% over a year, breaking out from a Rounding Bottom pattern on weekly charts. Analyst set a target price of Rs 2,800 with a stop loss at Rs 1,800. The stock is above 21, 50, 100 WEMA, tracked by RSI above 70, and daily MACD.

Historical data suggests a post-Budget market crash as investors brace for disappointment. Will Sensex defy the odds this time? Analysts predict fiscal focus on infrastructure, not consumption boost. Stay alert and hedge your investments for Budget Day rollercoaster!

By 9:17 am, Indian benchmark indices saw gains with Sensex at 78,129 and Nifty50 at 24,384. Market rises were led by TCS, ICICI Bank, Infosys, Tata Steel, Titan, SBI, and HCL Tech. In contrast, HDFC Bank, Ultratech Cement, Power Grid, M&M, and Nestle India experienced declines. TCS is set to report June-quarter earnings today.

Japan's Nikkei and Topix surged as Wall Street's Nasdaq and S&P 500 hit records. Nikkei reached 42,179.84, driven by yen depreciation and semiconductor shares like Taiwan Semiconductor Manufacturing Co. Gains in Fast Retailing, Socionext, Sumco, Sony Group, Tokyo Electron, Disco Corp. Kenji Abe from Daiwa Securities expects further price increases amid strong Japanese corporate earnings.

Here's a concise synopsis: Dividends are distributed to shareholders whose names are listed in the company's records on the record date. With the T+1 framework, the record date and ex-date are usually identical, except when a market holiday falls after the ex-date.

Jefferies reaffirmed a 'buy' rating on RIL (Reliance Industries Limited) with a target price of Rs 3,580. They foresee the possibility of Jio, RIL's subsidiary, going public in calendar year 2025. According to Jefferies, choosing the IPO route could offer better control, although it would require significant retail participation to overcome the holdco discount.

Indian market set to open higher following global cues. FIIs and DIIs were net buyers on Wednesday. Technical analysis points to resistance at 24,410 level on Nifty50. Experts recommend stocks like Havells India, Exide Industries, and HCC for short-term trading.

Nasdaq and S&P 500 hit records, driven by Nvidia, Apple gains. Powell's rate cut remarks, Taiwan Semiconductor's AI narrative influenced markets. Micron, AMD surged. Investors await U.S. inflation data. S&P sectors rose, tech leading. Intuit dropped; Illumina gained. Dow Jones rose. Second-quarter earnings, light trading volume noted. Comprehensive key points summarized.

One NSE circular and there is volatility across the market, before reacting to volatile moves, it is better to understand that when it comes to volatility, there are three things which one needs to take into consideration. First the magnitude of volatility. Second, the frequency of volatile movement and third which are the sectors leading it and overall market breadth during a volatile phase. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and that too where there is strong reason. For example, a tyre manufacture, which ventured into global markets, its margins took a hit due to capex and now its expansion is paying off, or a tech major which accepted that it had faulted and now is on path of course correction.

Sensex and Nifty saw significant declines. Stocks KIMS (+3%), Nykaa (+0.11%), M&M (-6.69%). Analyst Viral Chheda from SSJ Finance recommends: KIMS bullish, needs close above 2360; Nykaa in rally since April 2023, consolidating 120-200; M&M facing profit booking after uptrend since November 2021. Trading resumes today. Source: Economic Times.

For every one bull there is a half bear and that is probably enough to spoil the mood on the street. The “risk on trade” which was once again getting started probably will get hit for some time at least because of the fact that the circular by NSE on what stocks and mutual funds will be accepted as collateral or not will have short term impact on the liquidity matrix of the system. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

Some old horses are coming back into action.

The late monsoon arrival and heat waves have led to a projected 5% year-on-year inflation in June, driven by rising food and fuel prices. Central banks worldwide are incorporating climate risks into their models, as supply shocks from climate change present challenges in achieving price stability and economic growth.

Nasdaq and S&P 500 hit records, driven by Nvidia, Apple gains. Powell's rate cut remarks, Taiwan Semiconductor's AI narrative influenced markets. Micron, AMD surged. Investors await U.S. inflation data. S&P sectors rose, tech leading. Intuit dropped; Illumina gained. Dow Jones rose. Second-quarter earnings, light trading volume noted. Comprehensive key points summarized.

IIHL seeks ₹ 4,300 crore NCD issue for Reliance Capital acquisition. Managed by RBI's Nageswara Rao Y under IBC, with NCLT approving ₹ 9,650 crore plan. Funds from domestic and global markets. Debentures secured by insurance share sales, Care Ratings assess. Escrow for repayments. Reliance General, Nippon Life stakes to Aasia Enterprise LLP. IIHL must retain 51% shareholding.

National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.

Shares of M&M dropped 8.4% following a 10% price cut on XUV700 SUVs, reducing the stock by 6.7% in Nifty. Kotak Securities targets ₹2,950, advising long-term investment. Despite profit booking, analysts foresee no revenue impact, emphasizing a solid order book and growth from February 2024's business strategy execution.

Major life insurance companies, including Bajaj Allianz and Max Life, have raised term insurance premiums by 2-3%, with HDFC Life introducing a 10% hike for policyholders aged 60 and above, citing factors like age, health, and rising mortality rates.

Religare Enterprises directed by SAT to apply for Burman family's open offer to increase stake. Sebi's show cause notice stayed temporarily. Dispute arises over open offer price and 'fit and proper' allegations. Court battles and accusations of fraud escalate between Religare and the Burmans.

Piramal Capital & Housing Finance raises $100 million social loan pre-funded by Standard Chartered Bank. The loan, benchmarked to SOFR, will support affordable housing, MSME business loans, and other social causes. The lender aims for 15% AUM growth in FY25 and plans to expand the retail business.

Paint shares surged due to price hikes, led by Indigo Paints at 10.7%. Analysts foresee short-lived gains and pressure from Birla Opus. Nomura views price hikes favorably. Despite underperformance in 2024, Q1 earnings may be muted, keeping stocks range-bound. Anand Rathi sees opportunities. Elara Capital cites margin pressure and muted FY25 earnings, advising strategic investment.

Markets faced selling pressure; IT focus with TCS Q1 earnings. Khemka expects consolidation, Gift Nifty 25 points higher. Shetti noted profit booking at 24400-24500 levels. Global markets gained. India VIX rose. Dollar declined pre-inflation data. Brent futures gained 0.4%, WTI crude up 0.5%. Stocks in F&O ban include India Cements, IEX, ABFRL. FPIs, DIIs bought shares worth Rs 1,665 crore.

“We are seeing recovery in the FMCG pack and Tata Consumer looks set to resume the trend. Traders can buy for a target of Rs 1390 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Markets fell half a percent. TCS, Tata Elxsi, Anand Rathi Wealth, and Akme Fintrade Q1 results are in focus. Canada Pension Plan sold Nykaa shares at Rs 174 apiece. Glenmark promoters to sell a 7.85% stake. Moody's affirmed YES Bank's Ba3 rating. Siemens and RVNL won the Bangalore Metro Rail Corp project. Kesoram posted a Rs 62 crore Q1 loss.

Tech rally lifted Asian stocks, S&P 500, and Nasdaq 100; Taiwan Semiconductor strong. Powell hinted at rate cuts; core CPI to rise. China tightened short selling. Inflation data awaited. Japan orders, Thai confidence, Malaysia, and South Korea policies in focus. Fed cuts in 2024 expected. Global equities hit record, yen stable, Apple improved from 2023.

The FMCG stock hit a record high of Rs 1,269 on March 7, 2024, but soon after the rally lost steam. Treading below the 20- & 30-week moving average, it found support above the 1,000 level. This is the level in which it has consolidated in a range since April on the weekly charts. So, technically, it has formed a strong base and is ready for a rebound.

The US central bank will not want to wait for inflation to cool to its two percent target before considering a rate cut, Federal Reserve Chair Jerome Powell told lawmakers Wednesday. On Wednesday, Powell told lawmakers that he is not yet prepared to express confidence that inflation is moving sustainably down to two percent.

The S&P 500 and the Nasdaq achieved their fifth consecutive intraday record highs, with the benchmark index surpassing the 5,600 mark for the first time. This surge was fueled by increased optimism for an interest-rate cut in September, following Jerome Powell's statement that the U.S. was "no longer an overheated economy."

Through the stake sale, Canada Pension Plan took home about Rs 256 crore. At the end of March quarter, it held 1.47% equity in the company. In separate deals, Capital group affiliate Hema CIPEF has sold 0.46% stake in Mankind Pharma for Rs 2,082 apiece, taking the total deal value to Rs 385 crore.

Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure to sink below record high levels on Wednesday, tracking deep losses in metal, auto and IT stocks amid widespread profit booking after recent gains. The 30-share index closed lower by 427 points or 0.53% at 79,923.The NSE Nifty dropped 109 points or 0.45% to settle at 24,324."The near-term uptrend status of the market remains intact. But the market seems to have started signs of profit booking around 24,400-24,500 levels. However, a move above 24,465 could negate this bearish setup. Immediate support is at 24,150 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 8 stock recommendations for Thursday:Here are 6 stock recommendations for Wednesday:

The Board of Directors of Power Grid, in their meeting held on 10th July 2024, have accorded the following approvals for borrowing funds of up to Rs 16,000 crore during the financial year (FY) 2025-26 through various sources, including domestic bonds (Secured/ unsecured, non-convertible, non-cumulative, redeemable, taxable/tax-free under private placement), a BSE filing said.

Moody's expects YES Bank's profitability to improve over the next 12-18 months as its depositor base and lending franchise grow. This growth, combined with meeting central bank lending targets through new branch loans, will reduce operating costs and boost overall profitability.

The external commercial borrowing with a tenure of five years is raised at a rate linked to Euribor and it comes around 11% approximately, a senior official with Satin said. This rate is euribor plus 260 basis points, to be precise.

The OFS will be open for non-retail investors on Thursday, with retail investors allowed to place their bids on Friday. A minimum of 10% of the OFS has been reserved for the retail category, subject to receipt of valid bids.

The Dow Jones Industrial Average fell 19.52 points, or 0.05%, at the open to 39,272.45.

The Indian market witnessed selling pressure at higher levels as traders preferred to book profits. The S&P BSE Sensex fell over 400 points to close below 80,000 while the Nifty50 also closed with a loss of over 100 points at 24,324.

First Abu Dhabi Bank is considering bid for Yes Bank stake. The stake sale has also drawn preliminary interest from Japan, including Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., although it remains unclear how strong their appetite for a deal is and whether they will proceed, the people said.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, five stocks witnessed a long unwinding. Here's the list:

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on security from extreme bearishness to bullishness. In Wednesday's trading session, five stocks saw top short covering. Here's the list:

Bernstein has an outperform rating for Persistent Systems and KPIT, setting a target price of Rs 5,920 for Persistent, reflecting a 30% upside scope, and Rs 2,120 for KPIT, indicating a 25% upside potential.

First Abu Dhabi Bank is considering bid for Yes Bank stake. The stake sale has also drawn preliminary interest from Japan, including Mitsubishi UFJ Financial Group Inc. and Sumitomo Mitsui Financial Group Inc., although it remains unclear how strong their appetite for a deal is and whether they will proceed, the people said.

Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.