Adani Ports' growth in volumes outpaced the Indian market, despite Gangavaram Port's loss due to strike/shutdown. RITES shares rallied 4% on signing an MoU with DMRC.

Traders will enjoy an extended weekend holiday on June 17 due to Bakri Id closure. Stock exchanges, including equity, derivative, and SLB segments, will be closed, providing a much-needed break after a volatile election period.

ETMarkets' latest mutual fund (MF) analysis examines stocks held exclusively by a single scheme. Initially, there were 144 such stocks in May 2024. However, by narrowing the selection to those with a market value over Rs 20 crore as of May '24, the number dropped to 32. ETMarkets highlighted six stocks that are held solely by one MF scheme and have increased by 15-60% in just over a month (from the beginning of May 2024 to now).(Data Source: ACE MF, ACE Equity).

RBI reported a 62% drop in net FDI flows into India to USD 10.6 bn in FY24, the lowest since 2007. Select sectors benefit from the "China+1" trend, attracting opportunistic foreign investments. India requires comprehensive policy recalibration, aligning with sectoral strengths, and genuine market access.

M&M's market capitalisation surged to Rs 3,65,193 crore compared to Tata Motors' market cap of Rs 3,29,041 crore.

Jefferies, citing upbeat sentiment towards defense indigenization and export focus, recommends buying HAL with a target price of Rs 5,725, indicating a 12% upside potential from the previous day's closing price of Rs 5,103 per share. The firm anticipates HAL to maintain double-digit growth over the next 3-5 years, supported by positive sentiments around defense indigenization and exports.

Jefferies' Global Head of Equity Strategy Chris Wood adds GMR Airports Infrastructure to India portfolio, reduces stakes in ICICI Bank, HDFC Bank, and Axis Bank.

Silver appears closest to achieving the 1 lakh milestone, with experts suggesting it could outpace both the Sensex and Bitcoin. Despite retracing from its lifetime high, MCX Silver maintains a 19% YTD gain. Meanwhile, the Sensex has gained 6.3% in 2024, while Bitcoin surged by 61%.

Thursday evening, debt-ridden telecom operator Vodafone Idea announced after a board meeting that it will issue preferential equity of 1.66 billion shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, to settle part of their pending dues.

Shares of Rail India Technical and Economic Service (RITES) surged by 4% to reach the day’s peak of Rs 708 in today’s session on the BSE. This increase followed the company's announcement of signing a Memorandum of Understanding (MoU) with the Delhi Metro Rail Corporation (DMRC)

A study by scholars from the University of Chicago found that ChatGPT can outperform human analysts in predicting stock earnings, as reported by The Financial Times.

Brightcom Group shares have been halted from trading on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) today. This suspension will persist until the company adheres to the master circular issued by the NSE.

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

Granules India Ltd broke out from a bullish Flag pattern, hitting a record high of Rs 485. Traders can buy on dips towards 460 for a target of Rs 510-530 in 2-3 months. Technical indicators like RSI and MACD are positive.

Traders will enjoy an extended weekend holiday on June 17 due to Bakri Id closure. Stock exchanges, including equity, derivative, and SLB segments, will be closed, providing a much-needed break after a volatile election period.

Investec upgraded Vedanta to a Hold rating, JPMorgan maintained its Buy stance on HAL, Jefferies retained a Hold rating on HCL Technologies, and Macquarie recommended a Neutral rating on Ambuja Cement.

Shares of Ambuja Cements, owned by the Adani Group, surged by 4% to reach a new all-time high of Rs 690 in early Friday trading on the BSE. This spike came after the company disclosed its acquisition of a 100% stake in Penna Cement (PCIL).

18 companies including BHEL, Centrum Capital, Inox Wind, Piramal Pharma, SAMHI Hotels, and Sterling and Wilson turned profitable in Q4 after consecutive losses. Sagar Cements reported a profit of Rs 11.59 crore. Inox Wind Energy recorded a profit of Rs 38.8 crore. Analysts expect India Inc earnings to grow by 12% for FY25.

Japan's Nikkei share average rallied after the Bank of Japan kept policy settings unchanged, hinting at potential bond purchase reductions next month, with Topix up 0.5%.

Under Governor Kazuo Ueda, the Bank of Japan announced a tapering plan at its July meeting, aligning with previous decisions. The central bank's move towards normalising monetary policy comes amidst global central banks tightening policy to combat inflation.

Sensex and Nifty50 traded lower on Friday, dragged down by banking and IT stocks after hitting record highs. BSE Sensex was down 198 points at 76,611, while Nifty50 traded at 23,354.

Andhra Pradesh and Chandrababu Naidu-related stocks have surged significantly post-elections, outperforming PSU and 'Modi stocks'. Traders are capitalizing on the momentum, with a focus on Naidu's role in the NDA government and growth potential.

Domestic brokerage firm Prabhudas Lilladher is bullish on a few largecap stocks, which belong to different sectors such as auto, bank, and FMCG. Prabhudas' high conviction picks include HDFC Bank, Reliance Industries, ITC, and Maruti Suzuki. Here is a list of 8 largecap stocks that can rally up to 31%:

Stock of midcap government undertaking is likely heading to a multi-month breakout

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On Thursday, benchmark indices maintained their upward momentum and reached new highs. The 30-share Sensex surged by 538 points, hitting an all-time peak of 77,145, while the Nifty rallied by 75 points, settling at a fresh closing high of 23,398.

Asian stocks fell as investors reacted to U.S. rate outlook post Federal Reserve's tempered views. Yen was shaky ahead of Bank of Japan meeting.

Tesla shareholders voted to reinstate CEO Elon Musk's $44.9 billion pay package, previously rejected by a Delaware judge. The package remains tied up in court as Tesla appeals the decision.

Tesla shareholders voted in favor of a $56 billion pay package for Elon Musk and to relocate the company's legal home to Texas, as announced by the CEO on social media.

The S&P 500 and Nasdaq hit record highs as tech shares surged. Unemployment claims rose, but producer prices fell, hinting at a Fed rate cut possibility.

Morgan Stanley's CIO, Michael Wilson, shared insights on bond markets and stock performance at the Reuters Global Markets Forum.

Sumit Bali, the group executive for retail lending at Axis Bank, resigned from his role on Wednesday.

ICICI Securities prefers companies with strong execution due to shallow margin of safety in valuation multiples. Most shares trading at or above historical PE ratios.

Labour party unveils manifesto to control debt, boost homebuilding, and upgrade infrastructure. UK stocks and sterling rally ahead of election.

Lower inflation data in India and the US drove markets to new highs. Global markets saw mixed performance, with oil prices falling. Dollar strengthened despite weak US inflation. Stocks in F&O ban include Sun TV, SAIL, India Cements, GMR Infra, and Hindustan Copper.

Vodafone Idea's board approved preferential allotment of equity shares to Nokia and Ericsson to clear dues. Vi's vendor ATC Telecom also benefitted from stock market gains. Vi's move to dilute equity for debt repayment is uncommon in listed companies.

Abrdn Plc prefers Chinese and Indian stocks over Japanese peers in the next 3-6 months, anticipating policy moves to attract fund inflows.

Equity indices closed at fresh new highs on Thursday. The NSE Nifty advanced 0.33% to close at 23,398.9 after the US Federal Reserve indicated the likelihood of one interest rate cut in 2024.

“Container Corp stock has retested its breakout and witnessed smart recovery from its recent intraday fall. Traders can buy for a target of Rs 1200 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.

Equity indices hit record levels on Thursday after lower-than-expected inflation hints at RBI interest rate cut. L&T Finance, Ambuja Cement, Vodafone Idea, Puravankara, NITCO, Wipro, Nalco, Suven Pharma, and MosChip Technology make significant moves. Adani Group-owned Ambuja Cement acquires Penna Cement at Rs 10,422 crore. Morgan Stanley buys 3.13 crore equity shares in L&T Finance.

The logistics stock, after hitting a record high of Rs 1,193 on June 4, experienced a temporary setback. However, it quickly found support at its 200-day exponential moving average, triggering a strong rebound. The stock reclaimed its 50-day moving average and surged over 14% in a week, climbing from Rs 993 on June 5 to Rs 1,141 on June 12.

According to the bulk deal data available on the BSE, SAIF Partners India IV offloaded 45,07,487 shares, amounting to a 5.8 per cent stake in Senco Gold. The shares were disposed of at an average price of Rs 960.02 apiece, taking the deal value to Rs 432.72 crore.

Nifty range-bound flat closing for the last four days indicates a pause before a sharp move. The direction of this move is not yet known, at least not before any directional breakout. Solar Industries, Titagarh Rail Systems, Carborundum Universal, Paras Defence and Space Technologies showed bullish bias.

Equity benchmark indices Sensex and Nifty hit their fresh record levels on Thursday after lower inflation numbers raised hopes of an interest rate cut by the RBI. Besides, heavy buying in capital goods, consumer durable and industrial stocks also helped the indices, traders said.Rising for the second day in a row, the 30-share BSE Sensex jumped 538.89 points to hit its lifetime peak of 77,145.46. It ended at a fresh record high at 76,810.90, up 204.33 points. The NSE Nifty rallied 75.95 points to settle at a new closing high of 23,398.90. "The short-term trend of Nifty continues to be a range bound with positive bias. Previously, such sideways range movements at the higher tops have eventually resulted in a downward correction in the market from the highs. The Nifty continued to face stiff resistance around 23,400-23,500 levels and immediate support is at 23,280 levels," said Nagaraj Shetti of HDFC Securities.

Tesla boss Elon Musk claimed victory in a closely-watched shareholder vote to approve on Thursday a multibillion-dollar pay package seen as critical in keeping the mercurial CEO at the electric auto company.

Bain Capital sold 8.82 crore shares of the company through its affiliates BC Asia Investment VI and BC Asia Growth Investment. For sometime, it has been planning a complete exit from L&T Finance by selling its existing stake.

Nasdaq-listed Broadcom surged 14.3% to a record high after the chipmaker raised its revenue forecast for semiconductors used in artificial intelligence (AI) technology. Additionally, the company announced a 10-for-1 forward stock split. Meanwhile, AI chip leader Nvidia saw a 3.3% increase, contributing to a 1.5% rise in the Philadelphia SE Semiconductor Index, which reached an all-time peak.

Telecom company Vodafone Idea (Vi) plans to raise upto Rs 2,458 crore through a preferential issue of equity shares to its two European gear vendors Nokia and Ericsson, clearing part of their pending dues and setting stage for Vi’s 4G expansion and 5G rollout.