Momentum is back in select large cap stocks.

NSE Nifty hit a record for the third session, Sensex fell below 80,000. Stocks: Raymond (+10%), RBL Bank (-1.28%), AstraZeneca India (-3.77%). Pravesh Gour of Swastika Investmart noted Raymond's bullish flag formation with MACD and RSI support. Demand zones and support levels for RBL Bank and AstraZeneca India were also provided.

Regulator Sebi expresses concern over unresponsive PMS firms in the market. Compliance issues and potential misuse of licenses highlighted. APMI maintains communication with compliant members. Sebi closely monitoring the PMS sector with a dedicated team. Further developments expected in this industry.

Australian shares fell due to iron ore price drops, affecting hot metal output and the S&P/ASX 200 index (7799.00). Energy stocks dropped amid Gaza ceasefire and Gulf storms. Financials and Commonwealth Bank of Australia dipped. Gold stocks rose, hitting June 11 highs, following U.S. jobs data and possible rate cuts. The S&P/NZX 50 declined 0.5%.

Indian domestic mutual funds have seen a significant increase in equity investments, reaching a record high in June 2024. This trend indicates a growing interest from ordinary Indian savers in the equity market. The continuous inflows and capital appreciation have propelled the total equity portfolio of domestic mutual funds to new levels.

APE growth in private insurers, driven by buoyant equity markets, faces VNB margin pressure from ULIPs and group pricing. Q1FY24 growth slowed due to high-value policy sales before tax changes. LIC shows 15% APE growth. HDFC Life (17-18% APE), ICICI Prudential Life (40% APE), SBI Life (18% APE), and Max Life Insurance (19% APE) report strong growth.

Technical indicators suggest the current up-trend in Nifty is likely to continue, with any decisive breakout above 24,500 potentially indicating a move towards the 25,000 milestone, analysts said. Stocks recommended by analysts for trading this week include Reliance Industries, SBI, HAL, L&T, BHEL, Bharat Dynamics, Aurobindo Pharma, Apollo Hospitals, Deepak Nitrite, Lupin, Marico, and ONGC.

Markets uptrend; focus stocks: Nykaa, Adani Wilmar, Titan, Bandhan Bank, IndusInd Bank, Marico, Dabur, BigBloc Construction, Tinna Rubber and Infra, ASM Technologies. Punjab & Sind Bank to open 100 branches. PC Jeweller’s settlement approved. Tata Motors 5% growth. Union Bank and Bank of Baroda growth. AB Capital COO retires. Nykaa 22-23% revenue growth. Adani Wilmar 13% volume growth.

Nifty 50 companies expect double-digit June revenue, profit growth, with net profit up 26.4% and 20.6% operating margins. Noted sectors' improvements, geopolitical concerns, Maruti Suzuki's volume growth, credit growth issues, moderate inflation effects, and rural consumption. Analysts predict 13% and 17% EPS growth in FY25 and FY26.

“At the current juncture, a fresh breakout has been observed above the “Cup & Handle” pattern on to the daily charts of Apollo Hospitals stock indicating a positive price action in upcoming sessions,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Asian stocks increased on U.S. rate cut anticipation and French elections blocking Marine Le Pen's far-right. S&P 500 futures fell 0.1%, dollar weakened by U.S. jobs report. Earnings season approaches with Citigroup, JP Morgan, Well Fargo reporting. Investors expect September rate cuts, Treasury yields down, gold prices high. Fed Chair's testimony, German inflation, U.S. consumer price report, oil prices awaited.

Apollo Hospitals stock shows bullish signs with a breakout from Cup & Handle pattern. Experts recommend buying for a target of Rs 6,750-6,800 in the next 1-2 months. Technical analysis indicates positive price action ahead.

Domestic markets kicked off the new month positively, gaining over 1% in the first week, continuing an uptrend from the previous month.“Consolidation is expected in the index after recent gains, with strong support seen around 23,700- 24,000. A clear breakout above 24,500 could signal the next bullish phase. Investors are advised to focus on selective stock picking, favoring sectors like energy, FMCG, and pharma for long positions, and staying selective in the others,” said Ajit Mishra – SVP, Research, Religare Broking.Here are 5 stock recommendations for Monday:

Recently, JSW Infra announced its acquisition of Navkar Corp. On the face of it there is nothing special about it as merger and acquisition is a very normal activity which keeps happening. But the fact that it happened in sectors like logistics, where for large companies organic growth is the norm , involves a company which has a proven track of achieving a scale and the timing of its takeover. When one combines these three, this is probably indicating that the logistics sector which has faced many headwinds till a few years back, might be close to reaching a level where the bigger players are re-rated. A sector where headwinds are becoming lesser and tailwinds are getting stronger. Probably this would be a better way to take exposure to the growth of the Indian economy.

Even before the stocks of companies which were entering into the electric vehicle ( EV) space got re-rated, it was the auto ancillary which got re-rated as they are expected to be the biggest beneficiary of the changing landscape. But the fact is that there are more companies which play an important part in the development of the EV eco system. For example a specialty chemical company which is a supplier to battery makers. But there are more stocks , which wont come instinctively, because of the fact that we don't think that their products have anything to do with EV, but reality they have a big stake in the system and play a critical role as some of them are producing chemical or products which are currently get imported from China.

BigBloc Construction's Board to discuss bonus share issue and share capital increment. Company shows strong financial performance with notable growth in sales and profit. Bonus shares to reward existing shareholders and boost liquidity. Chairman optimistic about future growth prospects.

Saurabh Mukherjea of Marcellus Investment Managers emphasizes India's transformative investment themes: democratized opportunities, the $300 billion China +1 chance, and women's empowerment. India outperforms China in consistent compounder returns. Government policies attract global investments. Entrepreneurs, empowered urban women, and sectors like smartphones, APIs, and medical devices, aided by rising education levels and women-centric consumption, drive growth.

In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in bullish times. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. Doing all this will help in selecting the right stock and staying with them in order to create long term wealth.

FMCG companies like Dabur, Marico, and Adani Wilmar expect single-digit volume growth and margin expansion in the April-June quarter. Positive demand trends are observed, particularly in the rural market. Overall, FMCG players anticipate 7-9% revenue growth for the fiscal year.

FPIs infused Rs 7,900 crore into Indian equities, raising the total to Rs 1.16 lakh crore in 2023. June saw a Rs 26,565 crore inflow with political stability. Milind Muchhala noted US bond yields' impact. Geojit's Vijayakumar cited buying in telecom, autos. The debt market gained Rs 6,304 crore due to the JP Morgan EM Govt Bond Index.

The BSE benchmark rose 963.87 points, up 1.21%. Eight leading firms added Rs 1,83,290.36 crore, led by TCS, Infosys, Reliance, ICICI Bank, LIC, Hindustan Unilever, ITC, and SBI. TCS increased by Rs 38,894.44 crore, Reliance by Rs 32,611.36 crore. HDFC Bank and Bharti Airtel saw declines in market valuation.

RBI's BoP data shows a $5.7 billion surplus for March 2024, driven by service exports and $107 billion remittances. It reverses an $8.7 billion deficit. Fiscal year's deficit is $23.3 billion. Merchandise trade deficit narrowed. Despite the surplus, net FDI flows dropped, and rupee appreciation is unlikely. Global Captive Centers indicate services expansion, but domestic manufacturing growth remains subdued.

Polycab, United Spirits, Mahindra Logistics are in focus for dividends, bonuses, and stock splits. Key stocks include Clara Industries (4:1 bonus July 8), Deep Industries (Rs 2.44 dividend July 9), JSW Steel (Rs 7.3 dividend July 9), Mphasis (Rs 55 dividend July 10), Mahindra Lifespace Developers (Rs 2.65 dividend July 12), and Vantage Knowledge Academy (stock split July 12).

Nifty gained 1.2%, driven by IT, energy, and pharma stocks. U.S. labor data, TCS earnings, Rupee vs. Dollar, Bank Nifty, oil prices, FIIs, IPO action, and dividends will influence markets next week. Bulls maintain strength with positive sentiment and broader market participation, expecting some consolidation.

Domestic markets closed flat on Friday tracking muted global cues and as traders preferred to book profits at higher levels. The S&P BSE Sensex closed marginally below the 80,000 mark while the Nifty50 was up 21 points to close at 24,323. For the week, benchmark indices were up more than 1% each. Sectorally, buying was seen in energy, oil & gas, PSU and infrastructure stocks while selling was seen in realty, banks and consumer durables.Stocks that hit fresh record highs include names like Rail Vikas Nigam which closed with gains of more than 17%, BEML rose more than 8% and HDFC Asset Management Company pared gains after hitting record highs on Friday.We spoke to Virat Jagad - Technical Analyst at Bonanza Portfolio on how one should look at these stocks the next trading day entirely from an educational point of view:

JM Financial will increase its stake in JM Financial Credit Services to 89.67% and JMFCSL will acquire 71.79% stake in JM Financial Asset Reconstruction Company from JMFL for Rs 856 crore.

Cement is a sector which has probably seen maximum mergers and acquisition in the last three years. Right from the second biggest player witnessing a change in ownership, to small players being taken over. With the monsoon coming, there is always a cyclical pressure on cement stocks, with the narrative being that in monsoon construction activity slows down. Even this week it played on the street, with cement stock witnessing a decline. But the question is whether this correction in stock price gives an opportunity to investors to get into a sector which is witnessing a fundamental shift in terms of how the demand curve pans out. Probably the answer is tilted toward yes for at least some players.

FPIs made a significant turnaround in June, investing Rs 26,565 crore in Indian equities after being net sellers in April and May. This followed net buying in February and March, contrasting with a net outflow in January. Domestic Institutional Investors, on the other hand, were net sellers on Friday, offloading shares worth Rs 1,651.36 crore, while FIIs continued their buying trend with a net purchase of Rs 1,241.33 crore.

The US services sector faced an unexpected contraction in the last quarter, with the ISM services gauge dropping to 48.80, marking the fastest pace of decline in four years. This contrasts with the S&P Global US Services Index, which reached its highest level since April 2022 at 55.30.

The latest move by NSE is going to flip the game for SME IPO investors - because this is going to directly impact the listing gains of many investors. NSE has imposed a whopping 90% price control cap on SME IPOs amid froth concerns during pre-open sessions.

Dividend yield is one of the important factors considered while investing in stocks. It is an indicator of the return that investors can earn on the shares they hold. ETMarkets brings you a list of top 10 dividend-paying stocks compiled by Religare Broking, based on their fundamental strengths.

The markets continued with their unabated upmove in the week that went by and ended once again with net gains. While continuing with the advance the Nifty 50 Index extended its move higher. However, as compared to the previous week, this time, the trading range got narrower as the Index oscillated 408.30 points against 824 points.

India's triumph against the odds in the final serves as a powerful lesson in trusting the process even when faced with adversity. Despite a mere 3% chance of victory, the team's unwavering faith in their strategies proved crucial. Similarly, in investing, initial expectations can often be misleading. Investors may be tempted to abandon investments due to short-term market fluctuations, potentially missing out on significant long-term gains.

What does a hospital, chemical or rather specialty gas supplier, FMCG, and real estate company have in common? Surely not the product. What binds them is the ability of management which has been tested in tough times. Another common factor, business is such that returns on investment are higher and are also consistent. The reason why these things become important at this point of time is the fact that in bull markets, there is no dearth of explanation and narrative, when putting money one has to look at one reason which becomes the focal point to avoid panic when there is correction. So, if the management and business are good then corrections will come and go and in the long term higher return would compensate for the patience which one shows in the times of correction.

Expected Federal Reserve interest-rate cuts are poised to benefit two key emerging markets: China and India. Survey respondents expressed a preference for Chinese stocks due to their attractive valuations and anticipated policy shifts. Indian shares, on the other hand, were favored for post-election optimism and their relative resilience to geopolitical tensions.

The Foreign Portfolio Investors (FPI) have infused Rs 7,962 crore in the Indian equity market in the first week of July, according to the data from the National Securities Depository Limited (NSDL).

Around three mid cap funds multiplied investors wealth by more than 40 times in the last 20 years, an analysis by ETMutualFunds showed. There were around seven mid cap funds in the said period.

In the large cap segment, 15 companies witnessed significant block deals worth Rs 5,725 crore led by HDFC Bank with 43 block counts totalling to Rs 2,446 crore. The next in line were Adani Ports and Special Economic Zone (Rs 469 crore), Godrej Consumer (Rs 421 crore), TVS Motor Company (358 crore), Infosys (Rs 339 crore), Interglobe Aviation (Indigo, Rs 288 crore) and Maruti Suzuki (Rs 218 crore).

Promoters own 66.75% of the company, with the remaining 33.25% held by the public. Mutual funds account for just over 7% of public shareholding, and foreign investors have no significant stake.

There were around 237 passive funds active in the market in the first half of 2024. Of 237 passive funds, 195 funds offered double-digit returns and 42 funds gave single-digit returns. Here are the top 10 performers, according to the data by ACE MF.

The generation of internal funds may not be adequate to meet all the requirements of the company's growth plans, it stated, adding that the requirement of funds is proposed to be met from both equity and debt from issuance of appropriate securities and from both domestic and international markets.

The S&P 500 has rallied 16% so far in 2024, driven by a handful of massive stocks poised to benefit from emerging artificial intelligence technology. Only 24% of stocks in the S&P 500 outperformed the index in the first half, the third-narrowest six-month period since 1986, according to BofA Global Research strategists.

According to preliminary data, the S&P 500 gained 29.67 points, or 0.54%, to end at 5,566.69 points, while the Nasdaq Composite gained 163.04 points, or 0.90%, to 18,351.34. The Dow Jones Industrial Average rose 64.78 points, or 0.16%, to 39,372.78.

A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals, which Brussels wants to shield as they transition from thermal to electric power.

The S&P 500 experienced a 2% increase over the week, marking its most significant gain since April. This rise was driven by data indicating a contraction in the services industries and an increase in the unemployment rate, which bolstered hopes for rate cuts. Ten-year Treasury yields, which had initially surged following President

In recent activity, nearly 3.9 million new investor accounts were opened with the Central Depository Services Ltd (CDSL), and an additional 0.4 million accounts were registered with the National Securities Depository (NSDL). By comparison, May witnessed a total of 4 million new accounts, while April saw 2.6 million new accounts.

Railway stocks surged as Minister Ashwini Vaishnaw announced 12,500 new coaches, and RVNL partnered with Delhi Metro Rail. IRCON, BEML, Railtel, Texmaco Rail Engineering, and IRFC saw gains.

Wockhardt's Zaynich antibiotic surged stock by 75%. CEO Habil Khorakiwala cited its uniqueness; phase three trials end this fiscal year. Compared to Novo Nordisk's Ozempic, Zaynich’s $25 billion potential counters global antibiotic resistance.

Major tech stocks like Microsoft, Meta, Amazon, and Apple surged to record highs, driving the information technology sector to an all-time peak. This also propelled the S&P 500 communication services sector to its highest level since 2000.

A total of 46.18 lakh shares of Cigniti were sold by Kukunuru Madhava Lakshmi, Kukunuru Kumar Bapuji, Sapna and Chakkilam at the same price. Shares of Cigniti Technologies fell 1.28 per cent to close at Rs 1,367.20 per piece on the NSE.