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 a security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:

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

The acquisition process is expected to get completed by Q2FY25.

With the Fed policy out of the way, here's a look at other key macro events that can impact the stock markets this month. (Source: Prabhudas Lilladher)

The BSE benchmark Sensex climbed 128 points or 0.17% to close at 74,611, while the broader NSE Nifty advanced by 43 points or 0.19% to settle at 22,648.

MOFSL shares five stock ideas that have the scope to offer up to 28% returns to investors. Take a look:

In its short-range outlook released last month, the World Steel Association said that it expects global demand to go up by 1.7% on year. AMNS India – in which ArcelorMittal has a 60% equity interest – produced 1.98 million, and sold 2.02 million tonne of steel during the March quarter.

In Thursday's trading session, shares of InterGlobe Aviation, the operator of IndiGo Airlines, surged 3% to reach a record high of Rs 4,098.45 on the BSE. This uptick followed the company's announcement of placing an order for 30 Firm A350-900 aircraft.

Crude oil prices hitting a two-month low this week fuelled strong movement in stocks of domestic oil marketing companies (OMCs) which jumped over 8% on Thursday.

After a corrective phase, the large and mid caps are once again in party mode. Large caps which had been lagging in a relative manner have been able to make a comeback, thanks to the fact the flows to the large cap mutual funds have seen a spike in the last two months. While the short term movement in the markets might impact the decision making process. But investing in not about a quarter or week, it is much more than them. If one looks at the long term, large caps are able to outperform and create wealth in a more sustainable manner. We take a look at some large caps where there have been some headwinds, either in terms of business of market valuations. But the underlying business is strong and good to own business for the long term.

For the fourth quarter of FY24, the company's net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.

With global markets getting volatile, some impact has been visible on the Indian market also. But if one looks at the broader market breadth, it is clear that the undercurrent is bullish. Keep an eye on liquidity which would be clear once in next few days numbers or the mutual fund flows are released. Also the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth stays positive then it is very likely that we might see more strength in mid-caps across different sectors. 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.

"At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said and the investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in.

Indian shares edged up on Thursday, in line with Asian peers, after a less hawkish U.S. Federal Reserve downplayed an interest rate hike, while a drop in global oil prices also helped cool domestic inflation fears. Meanwhile, in today's trading session, six midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

​Adani Ports and Special Economic Zone declared a dividend of Rs 6 per equity share on Thursday along with their Q4 results. The Adani Group company has declared June 14 as the record date for determining eligible shareholders and the payment will take place on or after June 30.

Girish Mathrubootham has stepped down from the position of Freshworks Inc's chief executive officer (CEO) and the company has appointed Dennis Woodside as the new CEO & President, effective from May 1.

IndiaMart InterMesh shares surged 9% to Rs 2,888.90 on BSE following its Q4FY24 report, revealing a net profit of Rs 92 crore, a 35% increase from Rs 68 crore in the corresponding period last year.

Tata Motors sales in the domestic and international market for April 2024 stood at 77,521 vehicles, compared to 69,599 units during April 2023, rising 12% YoY.

Losses were relatively limited, however, as investors avoided making big moves before the market entered a long holiday weekend.

Nifty launched a charge that took it to an incremental lifetime high. But the pushback was strong and it had to withdraw into negative territory.

The family of 127-year-old Godrej Group, which has both, listed and unlisted entities, decided to split the conglomerate and operate as two entities -- Godrej Enterprises and Godrej Industries. The conglomerate operates across aerospace, aviation, defence, and liquid engines among others.

Global stock markets heaved a sigh of relief last night when the world's most powerful central banker Jerome Powell assured investors that it is unlikely for the US Federal Reserve to go for a rate hike. After the Dow Jones ended higher overnight, the Sensex was also up around 200 points this morning.

REC Ltd surged 8.5% to Rs 550.50, hitting a 52-week high, following a 33% YoY rise in net profit to Rs 4,079 crore for the quarter ending March. Total income reached Rs 12,706.66 crore, with revenue from operations growing by nearly 24% YoY to Rs 12,677.18 crore.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

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:

Adani Total Gas shares jumped 4% to Rs 969 on BSE driven by a 71% YoY growth in net profit to Rs 168 crore. Revenue also rose 5% YoY to Rs 1,258 crore, with a dividend recommended for FY 2023-24.

Jefferies issued a "buy" rating for Newgen Software, while CLSA continued to uphold a "buy" rating for REC. BSE received a "hold" rating from CLSA. BofA Securities advised an "underperform" rating for Sona BLW, and Investec downgraded IOC.

Japanese candlestick formations are quite useful for gauging the overall mindset of market participants. They provide an easy-to-understand visual representation of price changes over time and can be used in conjunction with other tools to analyse upcoming market moves.

Kotak Mahindra Bank's shares plummeted 4%, hitting a new 52-week low of Rs 1,561 following Joint MD KVS Manian's resignation. Nuvama downgraded the stock from buy to reduce. Earlier, RBI restrictions caused a 10% decline last week.

The BSE Sensex was trading 171 points or 0.21% higher at 74,651, while the Nifty50 was up 50 points or 0.22% at 22,655 around 9:18 am.

Stocks that were in focus include names like Star Health, which rose 1.69%, M&M, which increased 4.63%, and Tata Chemicals, whose shares declined 2.49% on Thursday.

Its forecast of $4 billion in AI chip sales for 2024 fell short of Wall Street's lofty expectations, having been used to Nvidia's massive forecasts over the past year.

latest policy meeting, said Fed policy decisions will be guided by "what we think the right thing for the economy is," repeating a long-held stance of ignoring politics in the central bank's economic analysis.

The downshift in the pace of the runoff had been widely expected, although market participants weren't sure whether the tapering of the runoff process would happen at this week's FOMC gathering or the one scheduled for June.

49 companies, including Adani Enterprises and Coal India, will announce Q4 results today. Notable companies include Dabur India, Federal Bank, Digicontent, Blue Star, Ajantha Pharma, JBM Auto and KPR Mills.

The Federal Open Markets Committee concluded its two-day monetary policy meeting with a unanimous decision to let the Fed funds target rate stand at 5.25%-5.50%.

Oil fell sharply overnight as the prospect of cuts seemed more distant and after a surprise jump in U.S. stockpiles, with Brent crude futures hitting a seven-week low of $83.44. [O/R]

“On the daily chart, the stock has recently broken out of a symmetrical triangle formation, signalling a bullish momentum. Traders can buy for a target of Rs 158-186 in the next few weeks,” KKunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

India has a hydropower potential of 250 GW of which only 21% is tapped. Since hydropower has one of the lowest greenhouse emissions, it is a preferred source of renewable energy. Despite that, the addition to hydropower capacity in the country was dismal due to long delay in environmental clearance and long gestation period in the construction of power plants accompanied by cost overruns.

Restaurants, retailers, small traders, companies face frozen funds due to cybercrimes. Urging action from finance ministry, LEAs, police. I4C initiative tackles cybercrimes. Banks, LEAs face frozen funds challenges.

SBI-led lenders seek RBI approval to transfer JAL's ₹18,000 crore debt to NARCL for a ₹10,000 crore acquisition, impacting IBC processes and NCLT resolutions. Dalmia Cement offers ₹5,666 crore for JAL's units amid ongoing litigations.

Regulator-market discord on rate transmission persists. Fresh term deposits show full 2.5% repo rate hike. Interest margins squeezed, WADTDR at 6.62% in March. WALR for commercial banks at 9.37%.

IRDAI expected to approve IndusInd International Holdings' acquisition of Reliance Capital's 3 insurance companies. NCLT endorsed IIHL's ₹9,650 crore resolution plan for Reliance Capital. Hinduja Group's Aasia Enterprises aids in equity infusion.

But some investors might be tempted to consider selling this time as the general elections are feared to induce sharp swings in equities. Investors are also growing nervous about the US Federal Reserve delaying interest rate cuts as expected by the financial markets.

Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% - where it's been since July - following a slew of data that pointed to lingering price pressures in the US economy.

Adani Power's fourth-quarter profit jumped on Wednesday, helped by an increase in its electricity generating capacity and rising power demand in the country.

NTADCL had faced financial challenges that led to the restructuring of debt totalling ₹575.34 crore in 2011. As part of the corporate debt restructuring (CDR) exercise, IDBI Bank and some other lenders converted senior debt into equity, with IDBI Bank holding ₹6.11 crore in equity shares.

Lending to large companies that shrank during the Covid period recovered in the last fiscal year. The Reserve Bank of India stepped in to improve the quality of retail lending, asking lenders to assign higher risk weights to unsecured lending. While this slowed down growth in such loans, it helped improve the loan books of banks.

This marked a 25% increase compared to December turnover, contrasting with a 7% growth in Nifty futures turnover on the NSE during the same period.