Asian traders extended a rally across world markets Thursday as they welcomed figures showing US inflation slowed further last month, tempering concerns about the Federal Reserve's forecast of just one interest rate cut this year. However, the Fed later in the day released its keenly awaited "dot plot" outlook for interest rates, which showed that decision-makers saw just one cut this year -- down from three predicted in its previous guidance in March.

One97 Communications, the parent company of Paytm, saw a 8% surge in shares as it announced a partnership with Samsung Wallet. Galaxy smartphone users can now access Paytm's services for flight, bus, movie, and event bookings seamlessly through the Samsung Wallet.

Adani group companies and LTTS, among others, are in focus for corporate actions like dividends and AGMs this week.

Asian stocks and currencies rose after the Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are set to benefit despite tempered optimism due to Fed officials revising rate cut forecasts.

Bayer Cropscience Ltd, an agrochemical stock, exhibits strong bullish momentum with potential for record highs above 7000 levels, supported by key technical indicators like moving averages, RSI, and MACD.

360 One Wealth and Asset Management acquires wealth tech platform ET Money for Rs 366 crore. The deal involves cash payment to Times Internet and issuing stocks to secure a stake in the wealth management firm.

After remaining under pressure for some time largely due to fear of election results, mid-cap stocks are making a comeback. At this point of time it is more of a rotational comeback. A rotational move in terms of one set of stocks from a sector witnessing correction, while other moves up. During this phase, analysts are bullish on select stocks from different sectors, a number of the stocks on which analysts are bullish are essentially leaders of their sector. If one looks at the overall number of stocks where analysts are bullish is lower as compared to earlier weeks. 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.

PMS schemes, favored by HNIs for surplus capital, outperformed in May despite the flat Nifty50 TRI index before the election results. Investing in listed holding companies, Unifi Capital's HoldCo fund led with a remarkable 17.88% return, surpassing others in the PMSBazaar database.

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.

S&P 500 and Nasdaq reached record highs as U.S. Treasury yields fluctuated after the Fed's unchanged rates decision.

The RBI faced a technical glitch in the Automatic Sweep-In and Sweep-Out (ASISO) facility, impacting banks' funds visibility. Daily money market data publication was delayed. The RBI is resolving the issue to reconcile banks' outstanding transactions. Market participants, bank treasury executives, and sources are monitoring the situation. The glitch occurred before the usual 9 a.m. data publication time.

Indian markets remained steady despite FPIs' absence. VIX fell by 86% post-election results, indicating reduced risk perception.

IFSCA to finalize direct listing norms at GIFT City by early July under the leadership of K Rajaraman.

Dalmia Bharat's deal with Jaiprakash Associates, Adani's acquisition of Sanghi Cement, and potential acquisitions of Ambuja Cement or ACC are part of the group's strategic growth plans.

“Cement stocks have witnessed a positive momentum and Dalmia Bharat stock is on the verge of a breakout from a falling channel. Traders can buy for a target of Rs 2100 in the next 1-2 months,” says Ruchit Jain, Lead Research, 5paisa.com.

Benchmark indices ended higher, Nifty at a record level. L&T Finance stake sale by Bain Capital, Arvind strike called off at Santej Plant, Nestle India dividend date change.

Dalmia Bharat has seen a breakout from Falling channel pattern and a continuation of this can fuel momentum driving the stock towards 2,000-2,100 levels in the short- to medium-term. After hitting a 52-week high on December 14, 2023, the stock lost its steam and witnessed a steep fall, slipping below crucial moving averages.

The markdown in the outlook for rate cuts, from three quarter-percentage-point reductions seen in the Fed's March projections, was made despite the central bank's acknowledgement in its new policy statement of "modest further progress" towards its 2% inflation target - an upgrade from its May 1 statement.

The company's former MD and CEO, Pawan Singh, has been barred from holding any position as a director or key managerial personnel in any listed company or any intermediary registered with Sebi for two years. Furthermore, the regulator imposed a fine of Rs 25 lakh on Singh.

If the gains hold, the company will add about $30 billion to its market valuation of $340 billion as of Tuesday market close. The shares have so far this year gained 18%.

At midday trading, the stock market showed positive gains. The Dow Jones Industrial Average increased by 0.28%, the S&P 500 was up by 1.11%, and the Nasdaq Composite rose by 1.74%. Oracle's stock surged 11.7% following their optimistic revenue forecast for the next fiscal year.

Benchmark equity indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level, mainly due to buying in power, capital goods and industrial stocks amid a largely positive trend in global equities. In a highly volatile trade, the 30-share BSE Sensex climbed 149.98 points to settle at 76,606.57. The NSE Nifty ended at a new closing peak of 23,322.95, up 58.10 points."The Nifty closed flat after a strong initial hour of trading, encountering resistance around 23,400. However, the short-term trend remains positive as the index stayed above 23,300. In the near term, the index might continue consolidating within the 23,300-23,500 range. A decisive breakout above 23,500 could trigger a rally towards 23,800," said Rupak De of LKP Securities.

The NSE announced it has been informed about an individual named 'Aditya' who is linked to entities known as 'Bear&Bull PLATFORM' and 'Easy Trade,' which are allegedly providing illegal trading services. In response, a police complaint has been filed, according to an NSE release.

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, four 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:

​​International financial services regulator IFSCA will finalise a revised norms for direct listing of companies at GIFT City by early-July, Chairman K Rajaraman said on Wednesday. Rajaraman said the highest decision making body of the International Financial Services Centres Authority (IFSCA) will approve the norms by end of June and the same will be notified by early July.

The successful resolution applicant of Jaypee Infratech will pay on a par with the liquidation value of the company to its shareholders holding about 542 million equity units while delisting the company from the stock exchanges. The company said that the existing public shareholders shall be given an aggregate exit at a price of Rs 14 lakh, which is not less than the liquidation value.

The block deal is estimated at a discount of 1% to the current market price of the shares and BNP Paribas could be the broker to the deal. Two entities of Bain Capital — BC Asia Growth Investments and BC Investments VI — along with BNP Paribas Financial Markets will together sell a 3.54% stake on Thursday.

Nestle India changed the record date for final dividend payment to July 16, recommended Rs 8.5 dividend per share, if approved by the AGM which is set to meet on July 8.

Apple once again became the world's most valuable company on Wednesday, dethroning Microsoft from the top spot, as the iPhone maker pushed ahead in a race to dominate artificial intelligence technology.

The block deal is estimated at a discount of 1% to the current market price of the shares and BNP Paribas could be the broker to the deal.

Nifty’s hourly momentum indicator has a negative crossover and so the rallies are short-lived and failing to persist at higher levels. Traders should opt for buy-on-a-dip strategy around 23,150 – 23,100.

Muthoot Microfin has raised $38 million in external commercial borrowing from Union Bank of India (DIFC branch), Bank of Bahrain and Kuwait, Bank of India (DIFC branch, Dubai), Mega International Commercial Bank Co (Labuan Branch).

​​The S&P 500 was 0.9% higher in early trading Wednesday. The Dow Jones Industrial Average was up 362 points, and the Nasdaq composite was 1.1% higher.

Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.

TDP chief N Chandrababu Naidu was sworn in as the Andhra Pradesh CM for a 4th term on Wednesday, June 12, 2024. Now, ever since the Naidu-led TDP stormed back to power in assembly polls, companies based out of the state or having significant operations in the region have become all the rage on D-Street. Here’s a look at those stocks!

The Fed's rate policies typically have a significant impact on the costs of mortgages, auto loans, credit card rates and other forms of consumer and business borrowing. The downgrade in their outlook for rate cuts would mean that such borrowing costs would likely stay higher for longer, a disappointment for potential homebuyers and others.

Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.

Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.

The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.

Top mutual funds like SBI Mutual Fund, Axis MF, Nippon India MF bought 19 midcap stocks, including Suzlon Energy, NHPC, and PB Fintech, the parent of online insurance aggregator Policybazaar.

The broader NSE Nifty gained 58 points, or 0.25%, to end at 23,323. Domestically focused smallcap and midcap indices rose by over 1% each. IT companies, which count the US as a key revenue geography, jumped upto 2%. The likelihood of a Fed rate cut in September has decreased to 56%, down from 78% a week ago. The market capitalisation of all listed companies on the BSE surged by Rs 2.37 lakh crore to Rs 429.31 lakh crore.

It is not that earlier farmers were not getting money under schemes initiated by the Modi government. But the first file which was signed by PM Modi after taking over office for the third time was related to releasing money to the farmers. While there is no doubt that focus on increasing farmer income and boosting agricultural productivity has been on the priority list of the government for the last ten years. But sometimes, a change in the political equation ensures that messaging and amplification of that policy changes is done more in terms of numbers and more effectively. There is a greater likelihood that more money would be pushed toward rural India and given the past track record of it is very likely that policy measures to boost productivity in agriculture will come. Which means another round of re-rating of some stocks in the chain which works in the rural economy.

Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.

Wind energy solutions provider Inox Wind Ltd on Tuesday said Crisil has upgraded the company's long-term and short-term ratings on its banking facilities.

The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.

Top mutual funds like SBI Mutual Fund, Axis MF, Nippon India MF bought 19 midcap stocks, including Suzlon Energy, NHPC, and PB Fintech, the parent of online insurance aggregator Policybazaar.

The broader NSE Nifty gained 58 points, or 0.25%, to end at 23,323. Domestically focused smallcap and midcap indices rose by over 1% each. IT companies, which count the US as a key revenue geography, jumped upto 2%. The likelihood of a Fed rate cut in September has decreased to 56%, down from 78% a week ago. The market capitalisation of all listed companies on the BSE surged by Rs 2.37 lakh crore to Rs 429.31 lakh crore.

It is not that earlier farmers were not getting money under schemes initiated by the Modi government. But the first file which was signed by PM Modi after taking over office for the third time was related to releasing money to the farmers. While there is no doubt that focus on increasing farmer income and boosting agricultural productivity has been on the priority list of the government for the last ten years. But sometimes, a change in the political equation ensures that messaging and amplification of that policy changes is done more in terms of numbers and more effectively. There is a greater likelihood that more money would be pushed toward rural India and given the past track record of it is very likely that policy measures to boost productivity in agriculture will come. Which means another round of re-rating of some stocks in the chain which works in the rural economy.

A massive Rs 7000 crore IPO of Bajaj Housing Finance Limited (BHFL) is set to hit the markets soon. The company recently filed the DRHP with SEBI to launch the IPO. Here are the key things to know about the IPO. Watch!