In morning trade, the stock had given up some gains by trading up 0.3% at Rs1289.15, after touching an intraday high of Rs1312.80 on the BSE.

Astral, part of the capital goods industry, broke out to hit a fresh record high, with experts suggesting buying for a target of Rs 2536 in 1-2 months.

Airtel has posted an ARPU (average revenue per user) for the quarter stood at Rs 209 compared to Rs 193 in the same quarter of last year, driven by sustained focus on acquiring quality customers and mix improvement.

The IPO, which was completely a fresh equity issue of 6.87 lakh shares, was booked 37 times at close on broad-based interest from investors.

In April 2024, mutual funds deployed Rs 32,800 crore and, alongside, FIIs sold Rs 23,200 crore in the Indian secondary market. Key additions by MFs in December in smallcap stocks were in Sterlite Technologies, SBFC Finance, and Shilpa Medicare, whereas they trimmed holdings in VST Industries and MTAR Technologies. Here is a list of stocks that mutual funds bought and sold in April, according to a report by Nuvama Institutional Equities:

The shares of Silkflex Polymers debuted on the NSE SME platform on Wednesday with a premium/discount of 15%. The stock was listed at Rs 60 as against an issue price of Rs 52 per share.

Nuvama estimates that the rebalancing of the MSCI Global Standard Index from May 31 will lead to an inflow of about $54 million as passive funds may end up buying around 10.4 million shares of the company.

India's weight in the MSCI Emerging Markets index will increase to around 19% on May 31, attracting FII inflows of $2.5 billion. The adjustments will affect India's stock count in the MSCI Standard/EM and Smallcap Indexes. China, with a 25.7% weight, has the highest representation in the MSCI EM Index.

Aadhar Housing Finance debuts on BSE at Rs 314.3 post a successful IPO. Leading in low-income housing finance, it has highest AUM, faces market volatility challenges, and raised funds for future lending needs through fresh equity issue and OFS post DHFL Vysya merger.

LIC announced a 3-year extension from Sebi to achieve 10% public shareholding by the revised timeline of May 16.

With Go Digit’s over Rs 2,600-crore IPO set to open on May 15, investors are asking just one question: How much money have the celebrity couple Virat Kohli and Anushka Sharma made on their investment in the company? We'll discuss how much money the company has made for the star couple. Watch!

Indian benchmark equity indices opened slightly higher on Wednesday, with BSE Sensex up 0.13% at 73,198 and Nifty50 up 0.2% at 22,261, as investors awaited U.S. inflation print for rate cut clues.

Promoters of Cipla, including Person Acting in Concert, sold 2.04 crore shares in a block deal worth around Rs 2,600 crore to create liquidity for specific needs, including philanthropy. After the stake sale, the entire promoter group holds 31.67% in Cipla, expressing commitment to the company's future.

Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.

TBO Tek debuted on NSE at a 55% premium of Rs 506 and on BSE at Rs 460, with oversubscribed IPO raising Rs 697 crore. The company's appeal lies in its scalable platform for online travel. General Atlantic acquired a minority stake in TBO, anticipating strong growth in the recovering travel and tourism industry reaching $1.9 trillion in 2023.

Brokerage firm Macquarie retained a neutral rating on Shree Cement, while JPMorgan maintained a neutral rating on Apollo Tyres. UBS also upheld a neutral rating on Bharti Airtel, and Jefferies recommended a buy rating on Siemens.

Nifty kept pushing the pedal from start and did not give up. It managed to end with a gain.

India's weight in MSCI's Global Standard index hits a record high, narrowing the gap with China. The rise boosts prospects for more inflows into equity markets. Consistent flows from domestic institutional investors could see India surpass 20% weightage by 2024. May review to bring about $2 billion inflows; Analyst Abhilash Pagaria comments on the potential growth.

Data overnight showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.

Nifty kept pushing the pedal from start and did not give up. It managed to end with a gain.

The move, days after the company posted its best annual results, has triggered speculation that more such transactions could be in the offing. The collapse of the $7 billion sale last year after lengthy negotiations had reportedly led to divisions within the family, according to people with knowledge of the matter.

Lenders prepare to vote on revised bids for Rolta India to choose the buyer, with Ashdan leading despite challenges. The company's debt amounts to ₹14,000 crore, and an appeal to the appellate tribunal is still an option.

U.S. producer prices increased more than expected in April as the cost of services and goods rose sharply, leading traders to pare back bets of a first rate cut in September.

Benchmark equities surged for the third consecutive day on Tuesday. PFC, Mankind Pharma, Patanjali Foods, Bharti Airtel, Siemens, and Cipla are in focus for news developments and quarterly results. RVNL, Dixon, and Titagarh will also announce their fourth quarter results today.

Sixteen domestic mutual funds, including Kotak and LIC, supported ICICI Bank's proposal to delist ICICI Securities, despite concerns raised by some shareholders. This led to a class-action lawsuit by retail investors and support from ICICI Prudential Mutual Fund.

Domestic markets recover with India's CPI inflation and Asian markets. Nifty signals positive start in range-bound trading. India VIX measures market fear. Tech-led rally in US affects Federal Reserve. Dollar near low, oil prices rise. Nasdaq hits record high. Certain stocks in F&O ban. FII/DII actions impact Rupee. FII net short increases. Q4 results announcements upcoming.

Adani group companies surged as traders bet on them amid easing BJP election uncertainty. Sensex and Nifty also gained in a market rally. Energy and commodity stocks influenced Adani shares' uptrend, supported by the infra boost from the current government. Adani, as India's largest player, is set to benefit across sectors like renewables, power, and transportation.

“The RSI oscillator on the daily, as well as the weekly time frame charts, are indicating a positive momentum for Britannia Industries. Traders can buy for a target of Rs 5500 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Britannia stock hit a record high of Rs 5,386 on December 29, 2023, but the momentum fizzled out and the stock had declined since then. It bottomed out in April 2024 after hitting a low of 4,643. From there it charted a course of steady recovery and crossed 5,000 levels in May.

Sticky inflation and persistent labour market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September, from March seen at the start of the year.

Hero MotoCorp’s market cap stood at Rs 100,803.27 crore at the close on the BSE on Tuesday, just behind TVS Motor Company, which had a market cap of Rs 101,390.72 crore. Investors have been upbeat on the stock on the back of the company’s focus on premium and electric vehicle segments.

Promoters of drugmaker Cipla are expected to offload 2.53% of their stake in a block deal worth Rs 2637 crore on Wednesday, according to sources.

Benchmark Sensex climbed 328 points while Nifty closed above the 22,200 level on Tuesday as stock markets continued the winning march for the third straight day on the back of gains in index major Reliance Industries and positive inflation data. As many as 20 Sensex stocks ended with gains while 10 declined.The broader Nifty of NSE rose by 113.80 points, or 0.51% to settle at 22,217.85 with 36 of its constituents ending in the green and 14 in the red."On the daily charts we can observe that the Nifty has witnessed follow-through buying interest from the previous trading session, which is a bullish sign. The up move is likely to continue till 22,308 – 22,423 which is the 50% and 61.82% Fibonacci retracement level of the previous fall. On the downside, 22,040 – 22,000 is a crucial support from a short term perspective," said Jatin Gedia of Sharekhan.Here are 4 stock recommendations for Wednesday:

The Federal Reserve Chair does not expect the central bank's next move on interest rates would be an increase. More likely it means that rates would remain where they are, in a range of 5.25% to 5.50%, for longer than previously expected.

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:

The Finance Minister called on NSE, BSE and Sebi to brainstorm together and chalk out robust compliances and regulatory standards to protect investors' interests. BSE and NSE were asked to mitigate systemic risk and ensure market stability. Sithraman said this in at a BSE event in Mumbai.

The Dow Jones Industrial Average rose 35.25 points, or 0.09%, at the open to 39,466.76.

Trading in GameStop was halted multiple times within minutes of market open due to volatility as the stock hit its highest level since June 2021. The stocks were set to extend gains from the previous session after Gill shared a meme and more than 10 clips from movies, including "X-Men Origins: Wolverine", "The Avengers" and 1993 Western "Tombstone"

The price range of the block is fixed at Rs 1,289-1,357, taking the total deal value to around Rs 2,637 crore.

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:

Telecom, power, utilities and infra indices saw considerable buying on Tuesday, while healthcare and FMCG stocks saw selling pressure. Finolex Industries and Hindustan Aeronautics hit fresh record highs

Around nine open-ended mutual fund NFOs were floated in the market in April, which together collected Rs 1,532 crore, according to the monthly data released by Amfi. Here is the break up.

Nifty rose 114 points and formed a bullish candle on the daily chart on Tuesday. The index may now find support at 21,950-22,000 and 21,700-800 levels. But, a failure to maintain levels above 22,200 might trigger selling pressure in the market.

As per the scheme of arrangement, shareholders will get one share of Siemens Energy for every one share they hold of Siemens.

Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

Nifty climbed 114 points to settle at 22,218. This week’s main focus is US CPI figures. Tuesday’s top Sensex gainers included M&M, L&T, and JSW Steel. Nifty Auto rose 1.8%, led by M&M, Hero MotoCorp, and TVS Motor.

The number of Demat accounts increased by 31 lakh in April to 15.40 crore accounts with month-on-month (MoM) growth remaining flat and in line with the average monthly additions of 31 lakh in FY2024, according to a press note released by Motilal Oswal Financial Services (MOFSL).

Apar Industries recorded a fresh 52-week high on Tuesday apparently propelled by its Q4 revenue growth of 9% YoY. Its PAT, however, declined 3% YoY. The stock has zoomed 208% in the last one year.

​​But it is times like this when an event is about to take place and narratives are floating in the market that one ends up making the wrong decision. So, one will have to do two things, one be bullish but be more selective and focus on managing risks.

"Roaring Kitty", the social media persona of Keith Gill, credited with setting off the so-called Reddit rally in January 2021 with his bullish calls on GameStop, posted on social media platform X, formerly Twitter, after nearly three years.