At a meeting held on Thursday, an overwhelming majority of 99.6% of shareholders approved the resolution of demerger of the hotels business of ITC Limited into ITC Hotels Limited.

As of March 2024, ITC Hotels' capital structure stood at approximately Rs 207.85 crore. However, this figure may see slight adjustments on the listing day due to the issuance of shares under the ESOP scheme, according to Puri. This information was shared with shareholders on Thursday during an NCLT-convened audio-visual meeting of ITC Ltd shareholders concerning the demerger process.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

ZEE's board approved raising up to Rs 2,000 crore via equity shares or eligible securities in one or more tranches. This move follows the collapse of the $10 billion Sony merger in January. The company aims to bolster finances after announcing cost-cutting measures, including workforce reduction.

In the next few days the street is bound to see more political speculation and analysis. Right from who has been allocated which portfolio and many others. In such times, the best thing to remember is that political development keeps happening at regular intervals and investing principles have endured many situations including political headwinds. If you are really a long term investor, then develop the ability to ignore the political news and analysis, which half the time goes wrong and just focus on what business you either own or will own after you buy the stocks and are the long term growth prospects of that business are good or not. If the stocks fits on that parameters, then all volatility, panic phases are opportunities for investing in such stocks.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

Shriram Finance, REC, IRCTC, Hindustan Aeronautics, PFC, and others had a fresh long buildup. Traders should analyze options for potential informed exposure.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

Bhagiradha Chemicals shares were bought at Rs 188.49 per share via a bulk deal on Tuesday. Bhagiradha Chemicals’ 79.73% shareholding rests in the hands of the public, whereas 20.27% is held by the promoter group as per the latest shareholding data available with the exchanges.

Whether one likes it or not, the fact is that sectoral trends dominate the market move and sectoral rotation does take place. But if one looks at sectoral rotation, most of the time there is an underlying fundamental reason why sectoral rotation takes place. If one looks at the performance of the metal sector stocks in the last few months, there are indications that some amount of money is flowing back to the sector. Even in the last four trading sessions which were very volatile, it has been metal stocks, which have shown relative strength. It is probably because of two reasons, first the fact that After the IT sector companies, metal is another sector where the fortunes of Indian companies are more tied to what is happening globally rather than what is happening in India. Second, recovery in China seems to be gathering pace and the fact is, there are some filing which one can see on stock exchanges, around increase in prices by some companies. It would be better to have them on watchlist because they have shown a tendency to see sharp spikes even before the news comes.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

PSU stocks such as BHEL and Mazagon Dock Shipbuilders witnessed gains of up to 13% on Thursday as investors renewed their support for state-owned companies, recognizing their long-term growth potential.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

British equities rose on ECB rate cut expectations, with Antofagasta and John Wood Group seeing gains. Investors await Christine Lagarde's remarks and Bank of England's upcoming meeting.

Citi Research suggests yet-to-form NDA government could bring gas sector under GST tax. Top bets in energy sector are GAIL (India) and Mahanagar Gas Limited (MGL).

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

Emkay Global downgraded ITC to 'add' at Rs 460 citing near-term pressures like margin stress. Analysts' recommendations from Trendlyne data show 31 buy, 2 hold, and 1 sell. ITC shares yielded negative returns recently.

Japan's Nikkei share average rose 0.55% to close at 38,703.51, led by Tokyo Electron and chip-related stocks, but gains were limited ahead of global central bank meetings.

PB Fintech, an online insurance aggregator, saw its shares surge by 5.2% to Rs 1,360 in Thursday's trading on the BSE following a block deal. This transaction, valued at around Rs 428 crore, represented a 0.73% stake in the company.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

Bharat Heavy Electricals Limited (BHEL) shares surged 14.5% after securing thermal power project orders, including a significant one from Adani Power. BHEL will set up a 2x800 MW thermal power plant for Adani Power in Raipur, Chhattisgarh, and another project for Mirzapur Thermal Energy in Uttar Pradesh.

TDP Linked Stocks: Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

BHEL shares surged 14.50% after securing a Rs 3,500 crore order from Adani Power Limited for a thermal power project in Raipur, Chhattisgarh.

Vedanta's shares surged 3.6% on BSE to Rs 457.05 as SBI approved its demerger of its existing businesses into six independent entities, which is aimed for completion by December 2024.

PSU stocks such as BHEL and Mazagon Dock Shipbuilders witnessed gains of up to 13% on Thursday as investors renewed their support for state-owned companies, recognizing their long-term growth potential.

After enduring their most significant single-day decline in four years, benchmark indices Sensex and Nifty both surged by over 3% each. This impressive rebound was fueled by substantial value buying from investors, particularly as NDA alliance partners initiated discussions on government formation.

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

Heritage Foods and Amara Raja Energy stocks surged up to 32% following TDP's success in local elections, with ties to both companies through leadership connections. Heritage rose 10% to Rs 601, and Amara Raja climbed 9% to Rs 1,325 in Thursday's trading session.

After enduring their most significant single-day decline in four years, benchmark indices Sensex and Nifty both surged by over 3% each. This impressive rebound was fueled by substantial value buying from investors, particularly as NDA alliance partners initiated discussions on government formation.

For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.

On June 5, the closing prices of five stocks from the Nifty500 pack rallied over 10% relative to the VWAP (Volume Weighted Average Price), and a shift above the VWAP suggests a potential bullish trend, according to stockedge.com's technical scan data.When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume. This occurrence is often interpreted as a potential bullish signal by traders and investors. Potentially indicating positive sentiment in the market.

On June 5, nine stocks from the Nifty500 pack appeared in the RSI Trending Up scan, according to the stockedge.com data. It is an uptrend signal if the RSI value has crossed above 60 from below. "RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock. This can indicate potential upward movement and may be used by traders to identify buying opportunities.

Nifty opened positive but volatility gripped it soon. But it maintained its gains to close positive.

On June 5, these top 3 stocks with market cap over Rs 10,000 crore came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

Global brokerage CLSA lists out stocks such as L&T, IRB, and NCC, among others that can benefit from Modi 3.0's 100-day plan, while Goldman Sachs is positive on private banks, Jefferies prefers Aavas Financiers, Can Fin Homes as top housing finance companies and Morgan Stanley are overweight on HDFC Life.

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

The narrow majority for the ruling party in the election and demanding coalition partners may demand portfolio rebalancing and increased volatility in the short-term. InCred Equities suggests that the BJP not coming into power with a strong majority may favour an upgrade of defensive names Dabur and Zydus Life science. Here is a list of stocks across large, mid and small cap categories that InCred recommends to add in your portfolio:

As the yawning gap between exit poll predictions and the actual election results led to huge losses in the stock market on Tuesday, Trinamool Congress' Rajya Sabha MP Saket Gokhale has asked Sebi to investigate whether BJP and poll agencies made crores by manipulating the stock markets via pollsters.