“Indian Hotels stock has gone through a consolidation phase in last couple of months which just seemed to be a time-wise correction within an uptrend. Traders can buy for a target of Rs 650-670 in the next 3-4 weeks,” says Ruchit Jain, Lead Research, 5paisa.com.

Block deals involve large investors and do not impact stock prices in real time.

Domestic markets closed nearly unchanged on Wednesday amidst mixed signals. Vedanta plans to cut carbon emissions by 25% by 2030. Best Agrolife receives approval for new insecticide Nemagen. Mas Financial launches Rs 400 crore QIP. Brigade Enterprises signs Rs 150 crore agreement for WTC tower at Infopark, Kochi. PNB Housing Finance stake sale expected on Thursday.

After rising over over 50% in the last 1 year, the hotel stock has underwent mild time-wise correction since April and is stuck in a range where 622 acted as a stiff resistance on the upside while 500 acted as a support. The recent momentum has lifted the stock to hit a fresh record high of Rs 626 on June 18, 2024, but it lost its steam on Wednesday, in line with the market trend. However, dips towards 605-610 can be used as a buying opportunity, and a close above 622 will take it towards 650 levels.

As the VIX returns to a near-13 level, a domestic brokerage firm reaffirms its optimistic outlook for the Indian market. The firm highlights robust macroeconomic factors and projects 12% EPS growth for FY25-26, favoring investments in the utility, consumer, and capital goods sectors.

While Indus Towers has released a pledge on a significant portion of Vodafone's stake, enabling an 18% sale, it retains a secondary pledge on the remaining 3.06%. This move stems from a security agreement established during the merger of Bharti Infratel and Indus Towers, wherein Vodafone's stake served as collateral for a $1.4 billion loan taken in 2019 to finance participation in Vodafone Idea's rights issue.

As the VIX returns to a near-13 level, a domestic brokerage firm reaffirms its optimistic outlook for the Indian market. The firm highlights robust macroeconomic factors and projects 12% EPS growth for FY25-26, favoring investments in the utility, consumer, and capital goods sectors.

In what could be India's biggest-ever IPO, Hyundai Motor is looking to offload up to a 17.5% stake in the initial public offering of its India unit. According to draft papers filed with Sebi, the carmaker aims to raise $2.5-3 billion or around Rs 25,000 crore via the initial share sale at a valuation of up to $30 bn. Here's everything you need to know about the mother of all IPOs.

Benchmark equity index Sensex on Wednesday ticked higher to scale yet another lifetime closing peak of 77,337, while the broader Nifty retreated from the record high level amid a lack of immediate triggers. Rallying for the fifth straight session, the 30-share BSE index climbed 36.45 points or 0.05% to settle at a new closing high of 77,338. The NSE Nifty ended at 23,516, down 42 points. "Though, Nifty placed at the highs, there is no confirmation of any significant reversal pattern building at the highs. Further weakness only below 23,300 levels could be considered as a short-term top reversal pattern. Further sustainable upside bounce is likely to negate this negative setup," said Nagaraj Shetti of HDFC Securities.

Axis Bank and its two subsidiaries - Axis Capital Ltd and Axis Securities Ltd - were allowed to collectively own about 20 per cent in Max Life Insurance by the Insurance Regulatory and Development Authority of India (IRDAI).

In an exchange filing the company had said that its board of directors had approved fund raise by way of preferential warrants to Promoter and Promoter Group along with Non-Promoters at a price of Rs. 79.25 per share.

Nifty placed at the highs, but that’s not any confirmation of any significant reversal pattern building at the highs. Again, weakness below 23,300 levels could be considered as a short-term top reversal pattern.

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, four stocks saw top short covering. Here's the list:

The Indian market closed mixed on Wednesday after hitting fresh record highs. The S&P BSE Sensex hit a high of 77,851 while the Nifty50 scaled record high of 23,664 in trade on Tuesday.

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:

Market veteran Saurabh Mukherjea on Wednesday said five big themes that have contributed to a rise of new elite in India can make their way into the portfolios of investors looking for consistent returns.

US-based General Atlantic and Asia Opportunities V (Mauritius) plan to sell Rs 830 crore worth of shares in PNB Housing Finance through open market transactions.

Investors aiming to maximize 'alpha' are going for multi-asset portfolios with strategic asset allocation. Chirag Muni of Anand Rathi Wealth discusses the importance of asset allocation for portfolio performance and capital protection.

​From the Sensex pack, Axis Bank and HDFC Bank were the top gainers, rising over 3% each. ICICI Bank, Kotak Mahindra Bank, IndusInd Bank, and SBI were other top index gainers. On the flip side, Titan, Bharti Airtel, Maruti, L&T, and NTPC were the top laggards.

"By 2050, I expect the stock market capitalisation to have exceeded $40 trillion. What this effectively means is that over the next 26 years, India will potentially add $36 trillion to its stock market capitalisation," Gautam Adani said.

According to his analysis, the WhiteOak CEO advised against investing in the top-performing funds of the past three years. He highlighted that the best-performing fund from 2009-2011 fell to rank 162 in 2012-2014, while the second-best dropped to 40, and the third-best to 38, illustrating the volatility and unpredictability of fund performance over time.

Successful investing involves not only selecting the right stocks but also comprehending long-term market dynamics. Long-Short Funds capitalize on both upward and downward stock movements through long and short positions, providing a hedge against volatility and safeguarding portfolios in the long run.

Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.

On Wednesday, Hindustan Aeronautics (HAL), a defense PSU, disclosed its plan to discuss the payment of the final dividend for the fiscal year 2023-24 during its board meeting scheduled for June 26th.

Following recent coverage, Kalyan Jewellers saw a 5.3% rise in its shares, reaching a high of Rs 446.65. Similarly, Senco Gold experienced a 3% increase, with shares climbing to a day's high of Rs 1,061.90 on the BSE.

Bulls likely to dominate with fresh long positions on United Spirits, Cholamandalam Investment, Laurus Labs, IDFC First Bank, and Aditya Birla Capital as stock prices and open interest increase.

“We have been Permabull on the Indian market and we continue to maintain the same trend. From the 10th largest economy to fifth, that journey we have seen in the last decade, fifth will become third in the next few years,” says Nilesh Shah, MD & CEO at Kotak Mahindra AMC.

The article discusses how traders determine a build-up of fresh short positions by analyzing short selling and open interest. Five stocks, including ABB India and Godrej Properties, experienced a decline in stock prices and an increase in open interest, indicating a short build-up.

Investors are eyeing companies like Nvidia, which has seen a remarkable rise in market value and revenue. Another player in the semiconductor industry, Moschip Technologies Ltd., is gaining attention for its high market capitalization and recent order from CDAC.

The average of revised price targets given by the six brokerages and research firms such as Nuvama, Phillip Capital, IIFL, CLSA, Motilal Oswal Financial Services and Investec, is Rs 536, indicating a 19% upside over Vedanta's closing price of Rs 450.

There cannot and should not be any doubt that in the next five years, there are certain industries which are important from the perspective of increasing incomes in rural areas and are likely to get more attention from the government. Fertilizer companies are among the sectors which are on the list. The idea is to reduce the cost of production for farmers. Now, since yesterday there has been talks about removing GST on fertilizer, whether it be across the board or not has to be seen but surely there is a high probability of something positive happening in the sector. Now GST is just one part of it. If one looks at what has happened in the last few years, clearly a good amount of work has been done.

Investors aiming to maximize 'alpha' are going for multi-asset portfolios with strategic asset allocation. Chirag Muni of Anand Rathi Wealth discusses the importance of asset allocation for portfolio performance and capital protection.

Indian shares reversed gains on Wednesday, after hitting record highs at the open, weighed down by a drop in energy and state-owned companies after a recent rally. Meanwhile, in today's trading session, four stocks from the BSE PSU index hit a new 52-week high. Here's the list:

Fertiliser stocks surged by up to 9% on Wednesday following reports of anticipated relief for the sector through Goods and Services Tax (GST) rate rationalization, expected to be discussed at the GST Council meeting scheduled for June 22, Saturday.

"The Central Board at its meeting held today accorded approval for raising long term bonds up to an amount of Rs. 20,000 crore through a public issue or private placement, during FY25," SBI said in a filing.

The fund house manages assets of Rs 2.94 lakh crore as on May 31, 2024. It manages 87 mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.

Shares of Delta Corp, the sole listed company in India's casino gaming industry, saw a significant surge of nearly 15%. This increase in stock price came amidst expectations that the Goods and Services Tax (GST) Council might review the tax structure applicable to online gaming in its upcoming meeting scheduled for June 22.

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.

Craftsman Automation's share price rose 3.5% to Rs 4,945 on the BSE after initiating a Qualified Institutional Placement (QIP) to raise Rs 1,200 crore.

Shares of Le Travenues Technology, which operates online platforms such as Ixigo and Abhibus, surged 19% on Wednesday to reach a day's high of Rs 197.50 on the National Stock Exchange (NSE). Since its listing on Tuesday at an issue price of Rs 93, the stock has recorded an impressive jump of 112%.

Sansera Engineering shares surged 7.3% to hit a 52-week high at Rs 1,300 on BSE following a block deal. Foreign institutional investors hold 22.11% stake, promoters 35.03%, and mutual funds 17.56%.

The increased involvement of retail traders, many of whom are experiencing losses in the futures and options (F&O) market, has drawn regulatory scrutiny. A joint early warning group consisting of the Securities and Exchange Board of India (Sebi) and the Reserve Bank of India (RBI) is closely monitoring this situation.

Shares of ZF Commercial Vehicle Control Systems fell by 8.2% on BSE after Wabco Asia sold a 7.6% stake worth Rs 2,287 crore via a block deal, with Citigroup as the banker.

The history of Family Offices dates back to ancient Rome, evolving into a modern-day necessity for managing wealth and ensuring smooth transitions across generations.

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 Wednesday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Shares of Gland pharma fell 3.7% as Shanghai-based Fosun Pharma offloaded a 6.2% stake in a block deal managed by UBS, decreasing its holding from 75% to 58.36%.

On Wednesday, telecom operator Bharti Airtel increased its stake in Indus Towers by 1% through purchases in large block deals from the open market. This move comes as Vodafone PLC sold off 19% of its equity in Indus Towers in significant transactions.

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 Wednesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

Zee Entertainment Enterprises' shares fell over 4% as CFO Rohit Kumar Gupta resigned. Mukund Galgali appointed as acting CFO. Recent top-level resignations include Animesh Kumar, Punit Misra, Rahul Johri, and Nitin Mittal.