The index has been rising, making new highs since the second half of 2023. It made new all-time highs in 5 consecutive trading sessions. A significant surge in demand from China is believed to drive the rally in the metal space.

SBI announced a dividend of Rs 13.70/share. The record date has been set for May 24 for determining the eligible shareholders. Record date for Sula Vineyards’ dividend of Rs 4.50 per share has been fixed as May 22.

At the buyback auction on Tuesday, the RBI accepted bids worth Rs 5,266.04 crore as against the aggregate notified amount of Rs 60,000 crore worth of bonds that the government had offered to repurchase.

The Dow Jones Industrial Average fell 2.37 points, or 0.01%, at the open to 39,804.40.

Federal Reserve Governor Christopher Waller on Tuesday put a pin in speculation that interest rates may need to rise again, saying the latest inflation data is "reassuring" and the U.S. central bank's policy rate is set appropriately.

Sensex snapped 3-day upmove to close in the red on Tuesday. Nifty, on the other hand, settled with gains of 27 points. Utilities, public sector, power and metal space saw buying action, while selling was seen in banks, auto, IT and FMCG stocks. Rail Vikas Nigam and Poly Medicure hit record highs.

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 Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

Emkay Global’s analyst Anand Dama expects a further 16% correction, arguing that the fourth quarter results “won’t capture the full extent of business disruptions caused due to the drop in UPI and bill payment market share.”

Stock investors are bracing for a spike in market volatility, and upcoming events such as Nvidia Corp.’s earnings report can exacerbate any moves, according to Goldman Sachs Group Inc. strategists.

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 Tuesday's trading session, five stocks saw top short covering. Here's the list:

The index manages to hold above 20 and 50-day SMA — a positive signal. An analysis of Nifty put options reveals a concentration of Open Interest at the 22,400 level, implying potential support at this level. The important key takeaway from the Nifty chart is that it is making a higher high both on the daily and weekly charts.

The foreign institutional investors (FII) fortnightly data for the month of May (May 1-15) indicates a net selling worth Rs 25,278 crore, which is up from a net selling of Rs 14,080 crore in the previous fortnight (April 16-30). Below is a list of sectors that witnessed highest selling from the FIIs:

Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and machine learning have been a bright spot in an otherwise subdued private funding market.

The government cleaned up and strengthened the regulatory system. Also that overall economic growth has seen a sharp recovery which has helped in credit off take. Now comes the question that after this rally, should one sell, should one hold, should one increase the exposure.

Private promoter holding went down in 388 companies in Q4. The average stock price of these companies in the January-March quarter dropped by 0.35%. Changes in a company’s promoter holdings offer crucial insights for investors. Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters don’t believe in the company's future. However, sometimes promoters might sell their shares for other expenses. Here's a list of 10 stocks that witnessed the highest decrease in promoter stake in the quarter gone by. (Source: PRIME Database)

Gains from metal and energy stocks were offset by losses in banking and IT stocks. Tata Steel, JSW Steel, and Power Grid saw considerable gains, climbing 2.5% to 3.7%. US rate-sensitive IT stocks closed 0.2% lower. Volatility on Tuesday touched 22.3, a 23-month-high. The market capitalisation of all listed companies on BSE surged by Rs 2.23 lakh crore to Rs 414.58 lakh crore.

Focusing on sentiment indicators , ET Markets is organizing a live interactive session with Rohit Srivastava, founder of Indiacharts.com and renowned for his extensive experience as Research Head and Fund Manager at Sharekhan.

Vi's board approved allotting equity shares worth Rs 2,075 crore to an Aditya Birla Group entity, marking the conclusion of its over Rs 20,000 crore fundraising plan via the equity route.

D-Street joined the exclusive $5 trillion club for the first time ever, braving FII pullout. Investors were found to pile up on stocks in the broader market. In less than 6 months, the jump from Rs 4 trillion to Rs 5 trillion was achieved — a pace never before seen. On the global map, India is the fifth largest stock market behind only Hong Kong, Japan, China and the mother market of the US.

Market experts believe the market capitalisation of a listed entity keeps fluctuating on a daily basis based on market dynamics and, therefore, an average of market capitalisation figures over a reasonable period of time (six months) would more accurately reflect the market size of the listed entity and consequently the ranking, vis-a-vis its peers.

The allotment aggregates to Rs 2,075 crore and will be issued to Oriana Investments Pte Ltd (Aditya Birla Group entity forming part of the promoter group)

The Mirae Asset Mutual Fund had an asset base of Rs 1.71 lakh crore as of April 2024 and manages 61 equity mutual fund schemes. Here are the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.

The combined market capitalisation of all listed stocks on BSE on Tuesday rose up to Rs 414.75 lakh crore during the day as investors kept on piling up stocks in the broader market.

Axis Capital upgraded IEX to 'add' from 'sell', raising the target price to Rs 170, citing improved growth prospects for exchanges. With expectations of rising electricity and gas volumes, IEX anticipates robust earnings growth in FY25.

Another couple of points which traders should keep in mind when taking a trade by looking at the matrix of build-up of short positions on the basis of open interest. Also check whether there is any extraordinary build-up of long positions in any out-of-money put option, especially any far-of-the-money out option.

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

At this point of time when the street is juggling with its own fear and anxiety and waiting for the election results, the mid-caps segment of the market is witnessing some profit booking/ rational shifting/ consolidation. A part of that is happening because of the fact that the street is reacting and adjusting to Q4 numbers. The way stocks are moving, there is no one trend in mid-cap space. So there are many sub segments which are getting formed in mid-cap space and given the mix of head and tailwinds, this segmentation is likely to stay till election results. So, one will have to do two things, one be bullish but be more selective and focus on managing risks and hedge for short term and think from long term perspective.

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

Japan's Nikkei share average dropped 0.31% to 38,946.93, impacted by investors anticipating U.S. chipmaker Nvidia's earnings. Daikin Industries and SoftBank Group declined, while chip-related shares like Advantest and Tokyo Electron rose. Insurers MS&AD Insurance Group and Tokio Marine Holdings also saw notable movements.

European stocks slipped 0.3% as U.S. Federal Reserve officials cautioned on interest rate cuts. The STOXX 600 index saw gains in healthcare stocks offset by losses in banks and utilities.

Government initiatives and rising energy demand are transforming the Indian power sector, offering investment opportunities with high growth and reasonable valuations. The sector's growth is fueled by a move towards renewable energy sources, positioning India as a major player in global energy markets. A strong correlation exists between GDP growth rate and power consumption.

Kaynes Technologies' shares have surged over 40% in the past three trading sessions on the BSE following the company's robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.

Recent IRDAI regulations in India aim to empower senior citizens through accessible health insurance options, including coverage for Ayush treatments, aggregate deductibles for cost-sharing, and comprehensive rider packages for additional benefits. Assessing needs and selecting the right plan are essential for personalized and comprehensive health coverage.

Investing in low-priced stocks carries risk, so investors should approach them with caution. ETMarkets.com analysed low-priced stocks that have gained over 50% in CY24. For this, we specifically focused on stocks trading below Rs 20 per share as of December 2023, with a market capitalisation exceeding Rs 100 crore. This screening process identified approximately 17 stocks. Interestingly, 7 of these stocks have already surged over 100% in less than 5 months of CY24. (Data Source: ACE Equity)

Kaynes Technologies' shares have surged over 40% in the past three trading sessions on the BSE following the company's robust performance in the January-March quarter. Today, the stock saw a further spike of 12%, reaching a 52-week high of Rs 3,638.4. In Q4 FY24, Kaynes Tech reported a significant increase in consolidated net profit, soaring by 96.8% year-on-year (YoY) to Rs 813 crore.

Shares of the PSU stock Bharat Dynamics Limited (BDL) have witnessed a remarkable surge, increasing by a little over 46% in the past six days. On Tuesday, the stock rose by 10% on the BSE, reaching a new all-time high of Rs 2,689. This surge in share price comes as the company approaches its record date for a 1:2 stock split, scheduled for May 24th.

Investing in low-priced stocks carries risk, so investors should approach them with caution. ETMarkets.com analysed low-priced stocks that have gained over 50% in CY24. For this, we specifically focused on stocks trading below Rs 20 per share as of December 2023, with a market capitalisation exceeding Rs 100 crore. This screening process identified approximately 17 stocks. Interestingly, 7 of these stocks have already surged over 100% in less than 5 months of CY24. (Data Source: ACE Equity)

Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.

Funds raised through the issue will be utilised to finance expenditure towards acquisition of land, site development and civil work, to acquire plant and machinery, part finance working capital requirement and corporate purposes, the company said.

Zee Entertainment Enterprises experienced a nearly 3% increase in its share price to Rs 144.4 during Tuesday's trading session on the BSE, following the company's announcement of a profit of Rs 13 crore in the March quarter of FY24. This marks a significant turnaround from the loss of Rs 196 crore reported in the same period last year.

Nomura has upgraded its rating on Vodafone Idea, expressing optimism that the worst is behind the company and it is now poised for better prospects. The stock has been upgraded from "reduce" to "neutral". Vodafone Idea's Q4 revenue stood at Rs 10,600 crore, which was in line with estimates.

Delhivery shares plummeted 12% to Rs 383.90 as higher losses in Q4 disappointed investors. CLSA downgraded the stock to underperform, citing revenue growth below expectations. Despite some positive metrics, profitability concerns persist, with analysts revising target prices.

BEL shares hit a record high, up 9% after a 30% profit increase and dividend declaration. Brokerages are optimistic about BEL's growth potential, with target prices set by Nomura & Motilal Oswal, citing improved margins & government support for the defence sector.

Chambal Fertilisers, a fertilizer stock, shows signs of bottoming out with a target of Rs 450 levels after hitting a 52-week high of Rs 439 in April 2024. Short-term traders can consider buying if the momentum sustains in the next 3-4 weeks. The stock is well-positioned above moving averages and RSI indicates a higher bottom formation.

Investors hedge portfolios with ballot-proof stocks like HDFC Bank, Coforge, Vodafone Idea, L&T, BHEL, and Amara Raja Battery amid election volatility. Experts Sanjiv Bhasin and Kunal Bothra suggest these stocks. Prabhudas Lilladher lists 35 election-proof stocks across sectors like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, and consumer durables.

Veritaas Advertising stock debuts on NSE SME platform with a 141% premium. The oversubscribed IPO will fund new police booths, Pole Kiosks, and general corporate purposes. The company offers advertising services in multiple cities and forecasts the Indian advertising market to reach Rs 1.41 lakh crore by 2028. It reported revenues of Rs 9.

Brokerage firm CLSA downgraded Delhivery to underperform, Jefferies has a hold rating on Zydus Life and an underperform rating on Anupam Rasayan. Citigroup recommended a buy on Phonix Mills.

ABS Marine Services' shares made a remarkable debut on the NSE SME platform on Tuesday, opening at Rs 294 per share, which was a 100% premium over the issue price of Rs 147 per share. Prior to its listing, the company's shares were trading in the unlisted market with a premium of Rs 100.

Indian equity indices dipped on hawkish U.S. Federal Reserve comments and pre-election foreign selling. Market volatility persisted with mixed sectoral performance. Foreign investor selling and domestic institutional buying influenced market stability.

Nifty Nifty opened on a lower note but recouped its opening losses to trade in the positive territory. It closed with a gain.