Rajagopal Menon, Vice President at WazirX said, "Major market indicators point towards a Buy sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 15 and 29, respectively, further indicating a ‘buy’ and ‘Neutral’ market."

Wipro's last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore units worth about Rs 9,156 crore in between December 29, 2020, and January 11, 2021. Shares were bought back at a price of Rs 400 per equity share.

Should you subscribe to the Mankind Pharma IPO or not? Will there be an initial pop or not? Let's decode this for you point by point

After the budget, the price movement of defence stocks might have rattled some investors but the fact is the underlying policy initiatives by the government led to changes both in the actual working and perception of defence sector companies. Their order books are brimming, stocks have outperformed the broader market indices in the last one year and institutional interest has been growing in these companies. However, over expectations from the Union budget and subsequent volatility

The company last month demerged its flagship brand RedTape into a separate entity. As per the demerger agreement approved by the National Company Law Tribunal, shareholders of Mirza International received one fully paid-up equity share of RedTape, with a face value of Rs 2, for each unit they held in Mirza International.

Japan's Nikkei share average trimmed some early gains on Monday, as the mood turned more cautious in the afternoon session, with investors casting an eye ahead to corporate earnings and a central bank meeting due later in the week.

ATR (Average True Range) is a volatility-based indicator developed by J. Welles Wilder, the creator of RSI & ADX indicators. It calculates the session's range by considering current high & low prices and gaps. You use the highest value among three ranges: R, difference between current high and previous close; R1, difference between current low and previous close; R2, to calculate the True Range of the candle. ATR-based indicators such as Supertrend and ADX are popular, and ATR is used for box-value or brick-value in P&F or Renko charts in most software.

All thanks to the disappointing Infy Q4 results, last week bears once again made a comeback on the street. Even during this period, there are still some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Shares of private lender YES Bank fell 4.5% to Rs 15.48 in Monday's intraday trade on the BSE after the bank reported a 45% year-on-year drop in standalone net profit to Rs 202.43 crore for the quarter ended March 31 from Rs 367.46 crore in the corresponding quarter of FY22, as provisions for bad loans increased.

On a sequential basis, the net profit rose 4% from Rs 156 crore in the preceding December quarter. Revenue from operations during the quarter surged as much as 48% to Rs 1,751 crore against Rs 1,181 crore in the year-ago period.

Ipca Laboratories, a pharma company, is a potential buy as it has recorded a breakout from a falling trendline resistance and a Cup & Handle formation. Short-term traders can buy the stock, which has risen over 2% in a week and more than 7% in a month, with a possible target towards Rs 900 level in the next few weeks. Experts suggest placing a stop-loss below Rs 800 on a closing basis. The stock is trading above short-term moving averages on the daily chart and has a Relative Strength Index of 65.8.

In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous five-year high value at the close on April 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

HDFC Life Insurance shares surged by 8% to Rs 554.6 after the Reserve Bank of India permitted HDFC Ltd or HDFC Bank to increase their shareholding in HDFC Life and HDFC ERGO above 50% before the effective date of the merger. HDFC Bank CFO Srinivasan Vaidyanathan stated that there were no guidelines on whether this action had to be achieved through fresh funds infusion or purchases from the market. The bank had requested the Reserve Bank of India make certain forbearances on meeting statutory liquidity ratio and cash reserve ratio norms before the merger.

RIL posted strong Q4FY23 performance with a 7% beat in consolidated EBITDA at Rs 38,440 crore (up 9% QoQ) led by better-than-expected standalone earnings, offsetting marginal miss in retail EBITDA. Meanwhile, Jio's performance was broadly in-line, Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribas said.

Adani Ports and Special Economic Zone Limited (APSEZ) will buy outstanding 3.375% senior notes due 2024 for a cash consideration of $130 million, the company on Monday informed stock exchanges. It said that it will fund the payment through cash reserves available with the company.

“Nifty formed a small-bodied Bearish candle on the daily frame with a longer lower shadow. It formed a Bearish engulfing candle on the weekly time frame and negated higher lows formation of the last three weeks,” he said.

"Note that this cycle is a lot more granular in the loan mix and appears to have a lower credit cost compared to the corporate NPL cycle that we saw in the previous decade. We do believe that the cost lever is also available if revenue growth significantly slows down, which is likely if the rate cycle reverses sharply. It appears to be a low-probability event today," Kotak analysts said.

The global investment bank expects competition to intensify as a new player comes in. “We believe risk is yet to be completely reflected in valuations. Maintain Underweight on Asian Paints & Kansai Nerolac,” said the note.

In the Nifty500 pack, six stocks' prices crossed their 200 DMAs (Daily Moving Averages) on April 21, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

RIL posted strong Q4FY23 performance with a 7% beat in consolidated EBITDA at Rs 38,440 crore (up 9% QoQ) led by better-than-expected standalone earnings, offsetting marginal miss in retail EBITDA. Meanwhile, Jio's performance was broadly in-line, Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribas said.

The BSE Sensex was trading 167.73 points or 0.28% higher at 59,822.79. Nifty50 was trading at 17,665.90, up 41.85 points or 0.24% at around 9.20 am.

Amid weak global cues, Nifty has declined over 3% so far in the year 2023. Ongoing Q4 results have also increased the nervousness among investors after IT major Infosys and TCS posted weaker-than-expected performances. However, Reliance and ICICI Bank results were in line with analysts' expectations.A host of analysts have shared their technical views on particular stocks for the near term. Here is a list of 5 tech picks from various analysts for short-term gains

Sensex jumps over 150 pts, Nifty above 17,650; ICICI Bank rises 2%; Yes Bank sheds 3%; HDFC Life Insurance, Wipro and Ircon International are some of the top gainers in the morning trade.

We spoke to Manoj Bahety, CFA, Founder at Carnelian Capital Advisors LLP who managed over Rs 1900 cr in AUM in our latest episode of ET Markets PMS Talk where we talked about the returns for FY23 as well as unique forensic framework CLEAR which deep dives into all the aspects of risks. (Data collated from PMSBazaar.com)

The price of this company made a double-top in August and September last year and was subsequently sliding lower. It has been consolidating since January and has now given a falling-trendline breakout. The latest candle formed is a bullish Marubozu, which suggests that the buying moment is gaining strength. A rise in volume is needed in the upcoming days to propel the price higher.

SGX Nifty signals a positive start for Dalal Street. Here are some stocks which are expected to see some action in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on SBI and L&T while Nooresh Merani has a buy/sell recommendation on L&T and SBI for today's trading session. Check out the targets and stoploss.

The stock markets continue to consolidate with the headline index Nifty ending the day on Friday with negligible gains. The volatility index is still dipping, again cautioning investors to look for opportunities in the broader markets, rather than in the index constituents.

Asian shares began slowly on Monday as the week brings economic data, central bank meetings and tech giants' earnings. MSCI's Asia-Pacific shares eased 0.1%, and futures from Nasdaq and S&P 500 edged 0.2% lower in anticipation of earnings announcements this week. BOJ meets at the end of the week, with the first meeting chaired by its new governor, Kazuo Ueda. The yen has steadily weakened against the euro in the past few weeks. The US House of Representatives might vote on a Republican plan to increase the debt ceiling by cutting expenditure in the coming week with weak tax receipts putting government at a risk of default.

InterGlobe Aviation, India's largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five years has hindered any significant appreciation in the airline's stock. Analysts suggest that the oversupply of shares due to the stake dilution is obstructing the stock's appreciation, and it would require a constant supply of earnings-enhancing information to trigger interest in the stock.

Shares of IndusInd Bank, Bank of Maharashtra, and Persistent Systems will be in focus as the companies will announce their quarterly results today.

Despite recent market calm, bond traders believe the tranquillity is unlikely to last during May and June as the Fed is expected to increase interest rates. There are also political fears over the government's potential non-resolution of the debt limit until it is close to default. Furthermore, banks are expected to temper their lending projects to reinforce investor confidence. In spite of this nervousness, predictions for the US economy are seen as relatively resilient, with inflation slow to subside from its 2% target and the personal-consumption expenditures index on track to lift moderately.

The company will also announce its fourth quarter and full-year results on April 27. The outcome of the board meeting will be communicated to the stock exchanges soon after the conclusion of the meeting on Thursday April 27. On Friday, Wipro's share prices closed at ₹368, up 1.5%.

HDFC Bank, SBI, Maruti Suzuki, Britannia, Divi’s Lab, PI Industries, Navin Fluorine, Tata Motors, and CSB Bank may show bullishness this week, according to analysts.

The stock which is also part of the S&P BSE Smallcap index rose from Rs 143.90 as on 13 April 2023 to Rs 166.30 recorded on 21 April 2023 – which translates into an upside of about 16% in a week. The stock rose more than 26% in a month. The momentum helped the stock to hit a fresh record high of Rs 168 on 21st April. The neckline of the Double Bottom resistance was placed around 160 levels.

"TVS Motor stock has given a monthly breakout after consolidating in a range and is now trading at its all-time high territory. It has been forming higher highs – higher lows from the last four weeks and base is gradually shifting higher," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

"We are re-launching Sensex and Bankex derivatives with lower lot sizes and a new expiry cycle of Friday from May 15. The launch of Sensex 30 and Bankex derivatives will provide investors an opportunity to trade these popular and well-tracked indices,'' he said. The Sensex and Nifty have a 99.92 per cent correlation, while Bankex and Nifty Bank have a 99.97 per cent correlation, according to historical trading data over the past 11 years.

In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a meeting scheduled to be held over April 26-27, 2023.

The Bengaluru-based IT major on Sunday announced that it will consider a share buyback proposal on April 27. In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at its meeting scheduled to be held over April 26-27, 2023.

"As we are keeping our view moderate bearish hence we advise traders to go for short protective future, where the maximum loss for the trade would be |3760. While strategy will be in profit if the expiry comes below 17575 levels, or it move towards 17500 levels before the expiry. "

Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks

An investigation by SFIO had revealed that the company and its group companies had presented financial statements containing false statements of debtors and indulged in the malpractice of round-tripping and layering of transactions resulting in inflated purchases and sales.

Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment.

Domestic equity market remained muted with a gain of only 4% in the last one year due to weak global cues like high inflation, Russia Ukraine crisis, supply chain disruption, interest rate hike, rising crude oil prices and recession fears. However, several firms have seen decent growth in the last one year and have seen their market cap increase by more than Rs 50,000 crore. Here is a list of 6 companies whose market cap rises over Rs 50,000 crore in last 1 year

Indian equities tracking muted global cues ended flat with a positive bias. On a weekly basis, Nifty lost over 1% and managed to hold levels of 17,600. Sectorally, Nifty Media and Nifty FMCG were the outliers in trade on Friday.“The short term trend of Nifty remains weak and there is a possibility of some more weakness in the coming week. A decisive break below 17600-17550 levels could open sharp decline for the market. Immediate resistance is at 17700 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are stock recommendations for Monday:

Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment.

IT major HCL Technologies will trade ex-dividend on Friday with an interim dividend of Rs 18 per share (900% of face value). The company has a market capitalization of Rs 2,84,636 crore. Shares of HCL Technologies rose 1% to Rs 1,049 apiece on BSE in Friday's trade. ABB India will trade ex-dividend on Thursday, April 27, 2023.

Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from different sectors, healthcare, liquor, auto mobile. The common thread among them is that they all have very strong brands in their respective industries. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

With the focus of government policies increasingly turning favourable toward the manufacturing sector, some of the capital goods and engineering companies are making a comeback on the analysts list.