It raised the money amid an ongoing dispute with DLF and Shapoorji group, which alleged that a Hubtown-linked entity connived with Omkara ARC and PNB Housing Finance to gain control over a company that has land assets valuing Rs 10,000 crore.

Indian shares rose on Friday, helped by metals stocks. The S&P BSE Sensex closed 0.75% higher at 72,641, while the NSE Nifty50 index ended above the 22,000 level.On the daily charts, we can observe that the index is in the process of retracing the fall it has witnessed from 22,526 – 21,710. The key retracement levels are placed at 22,118 – 22,214. So, the rally is likely to continue over the next few trading sessions. Intraday dips towards support zone 21,950 – 21,930 should be used as a buying opportunity, said Jatin Gedia of Sharekhan.Here are 5 stock recommendations for Friday:

Indian shares rose on Friday, helped by metals stocks. The S&P BSE Sensex closed 0.75% higher at 72,641, while the NSE Nifty50 index ended above the 22,000 level.On the daily charts, we can observe that the index is in the process of retracing the fall it has witnessed from 22,526 – 21,710. The key retracement levels are placed at 22,118 – 22,214. So, the rally is likely to continue over the next few trading sessions. Intraday dips towards support zone 21,950 – 21,930 should be used as a buying opportunity, said Jatin Gedia of Sharekhan.Here are 5 stock recommendations for Friday:

The IT industry has been grappling with sluggish demand for software and consulting services as high interest rates discouraged enterprises from discretionary spending.

Wall Street hits record highs on chip stocks surge and positive Micron forecast. Federal Reserve stays on track with rate-cut plans. Market reacts positively with strong job growth and tech stock advances.

HSBC has identified 8 midcap stocks, which could give up to 58% returns. It has dispelled fears of a deeper correction in midcaps from here, like what happened in 2018 when the BSE Midcap index fell by over 13%.

The Board, at its meeting earlier on Thursday, also approved the appointment of Gayatri Prasad, General Manager (Finance) as the Chief Financial Officer of the company, consequent to a cessation of Srinivasulu as Director (Finance) and CFO on January 31.

Sensex and Nifty closed in the green on Thursday. Power, infrastructure, public sector and realty stocks saw buying action.

The Dow Jones Industrial Average rose 148.90 points, or 0.38%, at the open to 39,661.03.

Nifty on Thursday ended 173 points higher to test the immediate hurdle of short-term moving average i.e. 20-EMA, but it couldn’t surpass it amid weekly expiry.

The BoE kept the rate steady for a fifth meeting in a row, mirroring a similar decision by the US Federal Reserve on Wednesday.

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:

Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of the world's highest inflation rates rose again last month. The central bank said Thursday that its "monetary policy stance will be tightened in case a significant and persistent deterioration in inflation is foreseen".

Accenture now expects full-year revenue growth in the range of 1% to 3%, from its prior forecast of 2% to 5%. The firm has been grappling with sluggish demand for its IT and consulting services as high interest rates slam the brakes on an industry that benefited from breakneck growth during the pandemic.

Sebi introduces beta T+0 trade settlement cycle alongside T+1 for 25 scrips with limited brokers. Investors must meet process and risk requirements. There will be one continuous session from 09:15 am-1:30 pm. The surveillance measures that are currently applicable in the T+1 settlement cycle will also be applicable to scrips in the T+0 settlement cycle.

Investors are often on the lookout for stocks that can deliver solid dividends. Axis Securities has enlisted 10 largecap stocks that have the highest dividend yields in the last 1 year. The list includes names like Vedanta, Coal India, and Hindustan Zinc, among others. Here's the full list

Price of natural rubber, a major raw material, trades at a near decade high level. Any change in the spot prices of inputs affects the financials of tyre companies with a lag of 60-90 days. The current surge in rubber price is expected to reduce the gross margin by 150-200 basis points and may lead to an earnings downgrade of 8-12% for the next fiscal year.

Analysts said the positive listing signifies some investor confidence in Krystal's comprehensive service offerings, diverse customer base, and strong financial track record.

The gains in OMC stocks come on the back of a favourable coverage by Japanese brokerage Nomura which remains bullish on the prospects of the state-run refiners. However, Macquarie and Kotak Institutional Equities hold bearish views on them amid likely pressure on margins.

Indian equity indices joined a global equity rally on Thursday after the U.S. Federal Reserve maintained its projection of three rate cuts this year, with metals leading the charge on the back of a softer U.S. dollar. Meanwhile, in today's trade, five stocks from the Nifty500 index touched a new 52-week high. Here's a list:

Amid a selloff in mid & smallcap indices, we look at the midcaps that have faced the maximum selling brunt. From the Nifty Midcap 100 pack, more than two stocks are down over 50%, nine stocks are down between 30-50%, 27 counters have lost 20-29% and 53 have fallen 10-19%. Here's a look at the top laggards: (Source | ET NOW)

The basic resources sub-index led sectoral gains with a 2.7% jump as prices of most metals climbed after the U.S. Federal Reserve maintained its projection of three rate cuts for this year, while gold prices soared to a record high.

​London equities opened higher on Thursday as investors welcomed the Federal Reserve sticking to its three rate-cut stance for 2024, while they switched focus to the Bank of England's monetary policy update.

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:

When it comes to investing based on sectoral trends, it is important to keep eyes both on the tailwinds and headwinds. Why headwinds, because they sometimes end up providing opportunities for investors with long term perspective. Especially in times like today when bears are seen more often on the street. In the last two days there has been chatter that oil prices may further strengthen upward. While rising oil prices is a headache for the whole of the Indian economy, the fact is it has the highest co-relationship with a sector like logistics, where change at the pump level prices hit the margins very next day. Will the oil prices rise further in the months to come because if they are moving upward in the summer season where the demand is normally lower, then is it an indication that in winters things might even be higher? Whether the oil prices actually shoot up or not, it would become much later but one set of companies which will get impacted by narrative would be logistic companies. So, when the narrative makes them hit, should they be looked at with a long term investment perspective is the question which needs to be answered.

Following the stake sale, holding company Tata Sons' stake in TCS has fallen to 71.74% from 72.38% earlier.

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show.

The brokerage has cited strong traction in equity derivatives volumes and expectations of market share uptick among key factors behind the upgrade. The company has also witnessed stabilisation in metrics which it believes augurs well for the counter.

CLSA in a brokerage note said that the private labels under the brand are rising and should drive the next leg of share gains. The company offers the lowest consumer prices due to the lowest operating cost in its view. The $500 billion addressable market is less than 5% organised.

Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Thursday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

What multiple voices shouting from the rooftop about high valuations could not do, one small advisory from AMFI was able to achieve, bringing some correction in the mid-cap segment. Unlike the past few weeks, where a rotational profit booking was taking place, this time the correction is taking place across the board. Now how long it will continue will depend on multiple factors, right from how the flows to mid-cap funds shape up to a macroeconomic factor like how oil prices move up. If nifty witnesses more corrections it appears that midcap may lead the correction. 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.

It is after a long period of time, that one can see corrections not in absolute terms but also the fact that when global markets are rising Indian markets have not been able to move higher. Once again on wednesday, there was minor intraday up move in nifty, but the mid cap continued to stay under pressure. Being the last month of the financial year, liquidity during this period tends to be tight. So there's a chance that the midcap segment which is sitting on gains is likely to stay under pressure for some more time. In such times, there is no full proof way, but putting some filter would help at least in avoiding some mistakes. So, staying with the large caps segment, in that too staying with some segment sectors where the tailwind of either policy push or any other would be a better choice. We look at the stocks which have seen an improvement in analysts in the last one month which has been a volatile period for the market.

Smallcap stocks faced challenges in FY24, with some experiencing significant losses. The market saw a rally despite these setbacks, driven by retail, foreign, and mutual fund investors, leading to a surge in market capitalization.

The stock traded amid significant volumes with more than 1.69 crore shares changing hands on the NSE around 10 am. The total traded value of the share stood at Rs 98.81 crore around this time.

Fed Chair Powell's hints of an interest rate cut in June boosted Indian markets. The market capitalisation surged, rate cut odds rose, and various sectors saw gains. Meanwhile, US treasury yields declined, and global markets rallied.

Dalal Street's midcap stock debate intensifies as investors make strategic moves. Significant exits and new picks impact the market. Portfolio adjustments indicate shifting trends in the sector, with focus on specific stocks for potential growth and stability.

Nifty opened modestly positive and closed with a minor gain in a choppy market.

Fed's messaging sparked a global rally in stocks. Wall Street ended 1% higher overnight, Japan's Nikkei and Hong Kong's Hang Seng were trading 2% higher while Sensex jumped over 700 points. A majority of 67% Wall Street traders are expecting the Fed to cut rates by 25 bps in its June meeting, shows CME FedWatch Tool.

Fed Chair Powell's hints of an interest rate cut in June boosted Indian markets. The market capitalisation surged, rate cut odds rose, and various sectors saw gains. Meanwhile, US treasury yields declined, and global markets rallied.

Krystal Integrated Services IPO saw strong investor interest and was oversubscribed by 12 times. The company focuses on diverse sectors, showing robust financial growth despite challenges with limited clients and a wide geographic presence.

E-commerce players such as Meesho, Amazon.com, and Flipkart are working on driving volumes and meaningfully improving their logistics cost structure. Delhivery stands to be one of the lead beneficiaries as a third party logistics services provider, says Amit Agarwal of Kotak Securities.

Online fashion retailer Meesho’s recent decision to give more traffic to its captive arm potentially suggests its endeavor to hedge against pricing moves by its vendors.

Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.

As many as 70 smallcap stocks saw a double-digit fall of up to 81% in the current financial year, which is drawing to a close. Of these, 30 stocks have lost more than 20% this year.

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show.

Fed Chair Jerome Powell said that recent hot inflation readings had not changed the underlying story of slowly easing price pressures and reiterated the central bank's earlier forecast of soft landing for the world's largest economy.

Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose 0.26% on Wednesday.

In their quarterly Summary of Economic Projections, officials raised the median outlook for 2025 and 2026, and more importantly, increased their longer-run median interest rate outlook above 2.5% for the first time in five years.

Powell's remarks, the most explicit so far about plans to slow a process that has seen about $1.4 trillion of bonds roll off the Fed's balance sheet, was seen by several Wall Street analysts as a signal that a tapering plan will be unveiled as early as the Fed's next meeting on April 30-May 1.