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.

Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.

Winsol Engineers, based in Jamnagar, achieved the highest premium on listing this year, aligning with expectations. Its stock debuted with an impressive premium of nearly 387% over the issue price on Tuesday, marking one of the strongest listings in recent memory.

One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.

In April 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 32,823 crore. ETMarkets' MF analysis shows that 14 stocks were added in the portfolios of over 15 MF schemes in April 2024, as compared to March 2024. Among these 8 stocks have delivered share price returns of 25-65% in CY24 thus far. (Data Source: ACE MF | ACE Equity)

Saurabh Mukherjea-run Marcellus' smallcap fund Little Champs bounced back and earned a return of more than 10%, while Sunil Singhania's Abakkus-run Emerging Opportunities fund reported a 9.57% gain and Samir Arora's Helios India Rising fund saw a 5.51% gain.

Zydus Wellness shares surged 3.8% on BSE, reaching a new 52-week high at Rs 1,750.20 following a 4% YoY rise in Q4 FY24 profit after tax to Rs 150.3 crore. The board announced a dividend of Rs 5 per share, with the record date set for July 19.

Indian shares advanced on Tuesday, led by a rise in metal stocks and Shriram Finance on plans to sell its housing finance unit, but gains were capped due to a drop in IT stocks ahead of US inflation data. Meanwhile, in today's trading session, 5 largecaps from the Nifty200 index hit fresh 52-week highs. Here's the list:

Taking profits off the table and reducing exposure in markets is crucial to manage risk and secure gains. Monitoring key data points reveals underlying weakness, emphasizing the importance of balancing risk and reward in current market conditions.

High Networth Individuals (HNIs) individuals held shares worth Rs 7.61 lakh crore in Indian companies as on March 31, 2024. The HNI share in companies listed on NSE saw a decline to 2% as on March 31, 2024 from 2.06% as on December 31, 2023, states a report by Prime Infobase. Here’s a list of top 10 companies, compiled by Prime Infobase where HNIs offloaded maximum number of shares by value:

SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.

Top five discount brokers expanded their lead over traditional ones in active clients on NSE, reaching 63.9% share in the previous month, up from 60.1% in April 2023. NSE's active clients rose by 2.6% sequentially to 4.18 crore in April, as per Motilal Oswal.

Global brokerage Nuvama listed 12 stocks on which it has a high conviction of getting included in the MSCI Global Standard Index while Paytm, Berger Paints, and IGL have a high probability of getting excluded.The report calculates an estimate of inflows in the high conviction stocks through passive funds, while the actual announcement of these inclusions will be made on May 15 (3:30 am IST), the final adjustments will be made on May 30.

The last major poll had estimated that the ruling Bharatiya Janata Party (BJP) party would win 342 seats, comfortably above the 272 majority required to return to power.

The survey of global fund managers with $562 billion in asset under management found 82% expect the first by the rate cut by the Federal Reserve in the second half, while 78% say a recession is unlikely over the next 12 months.

Shares of Shriram Finance surged 5% to Rs 2,419 on Tuesday following the approval from its board to sell its housing finance unit, Shriram Housing Finance (SHFL), to US private equity firm Warburg Pincus for Rs 4,630 crore. Shriram Finance, which holds a controlling stake in SHFL, and Valiant Partners L.P.

The cost of “doing nothing” in markets can indeed be substantial, but that pales in comparison to the cost of complacency when the margin of safety erodes. And when a large section of the market participants adapt to surviving in a low margin of safety environment, wild swings when least expected become the norm.

Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company's announcement of a significant order win to the exchanges on Monday.

MSCI's reshuffle on May 15 may eject Paytm from the MSCI Global Standard index, potentially attracting $2 billion from passive funds. Nuvama estimates 12 stocks to join, with inflows ranging from $144 million to $224 million each.

Rail Vikas Nigam Limited (RVNL) witnessed a significant surge of over 6% to Rs 272 in Tuesday's trading on the Bombay Stock Exchange (BSE) following the announcement of receiving a letter of acceptance for an order worth Rs 239 crore from Southern Railway.

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:

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:

High Networth Individuals (HNIs) individuals held shares worth Rs 7.61 lakh crore in Indian companies as on March 31, 2024, which increased 3.18% from the quarter ended December 2023. Here’s a list of top 10 companies, compiled by Prime Infobase where HNIs bought the maximum number of shares by value:

Shares of PSU defence major Hindustan Aeronautics (HAL) surged 3.6% Tuesday on BSE to its fresh all-time high of Rs 4,064 after the global brokerage firm UBS increased its 12-month target price on the stock to Rs 5,200.

Varun Beverages' (VBL) shares surged 5.5% on BSE, hitting Rs 1,558.45, following a 25% YoY increase in March quarter PAT to Rs 548 crore. Q1 revenue reached Rs 4,398 crore.

Refractory Shapes had a successful debut on NSE SME, listing at Rs 75 with a 142% premium. The IPO of 60 lakh shares was oversubscribed by 200 times, catering to diverse industries and offering tailored products.

Winsol Engineers shares debut at 387% premium on NSE SME. Listed at Rs 365 vs Rs 75. Oversubscribed 600 times. Proceeds for working capital, corporate needs, public issue expenses. Offers BoP solutions and maintenance services.

Gold, the haven of choice for decades, is still seen as the best safeguard against the risk of rising prices, according to 46% of survey participants. But nearly a third said the tech behemoths are their first pick for the role.

Nifty opened weak but slowly gathered courage to advance. It closed with a modest gain.

Shares of foodtech platform Zomato on Tuesday fell up to 6% to Rs 182.10 on BSE even as brokerages like CLSA, Jefferies, Bernstein and Elara raised target prices going up to Rs 280 per share following an impressive show in Q4 results.

India's retail inflation eased in April, impacting key equity indices positively. Sectors like banking, metal, and energy saw gains, while some faced cuts. Shriram Finance surged over 5% on announcing a housing finance business sale to Warburg Pincus.

PSU banks' net profit skyrockets to Rs 1.4 lakh crore in FY24, driven by key factors like asset quality improvements, robust margins, and strong loan book growth. SBI emerges as a major contributor, showcasing a remarkable earnings turnaround.

The Federal Bank stock hit a record high of Rs 170.25 on 2nd May 2024 but it failed to hold on to the momentum. It witnessed a steady decline which was largely in line with the selloff seen in banking stocks.

BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week.

Stocks that were in focus include names like Varun Beverages, which rose 0.73%, BEML, which increased 14.5%, and Piramal Pharma, whose shares jumped 2.7% on Monday.

Amid the market mayhem, hedge funds that bet against meme stocks blew up and trading apps struggled to keep up. The chaos inspired the 2023 film "Dumb Money," directed by Craig Gillespie.

The company is moving ahead with a listing at a time when the U.S. IPO market is on a rebound this year, after a two-year lull, on hopes of a "soft landing" for the economy, where inflation falls without a recession or big job losses.

A Federal Reserve Bank of New York survey, released on Monday, found that Americans see inflation at 3.3% a year from now from March's 3% while they expect inflation three years from now at 2.8%. This followed a University of Michigan report on Friday that showed U.S. consumer sentiment sagged to a six-month low in May as households worried about the cost of living.

"We are seeing recovery in the FMCG space after almost one and a half years of corrective phase. Marico has surged strongly of late, with a noticeable surge in volume, ending its nearly 3-year-long consolidation. Traders can buy for a target of Rs 675," Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.

A non-binding offer has been submitted to buy up to 76% of co at $8.5 bn valuation; 87-year old Haldiram with roots in Bikaner, Rajasthan is India’s largest snack and convenience foods company. Delhi and Nagpur factions of the Agarwal family are merging their snacks and packaged foods business, demerging the restaurant operations.

At a buyback auction of government bonds last week, the RBI accepted bids worth only ₹10,512.99 crore versus ₹40,000 crore worth of securities the government had offered to repurchase, with the central bank rejecting most bids.

Vedanta, Hindalco, NMDC, GAIL India and ONGC were among the top picks in that space. Some leading mutual funds also lapped up Kotak Mahindra Bank, whose shares have been beaten down after the Reserve Bank of India’s ban on the private lender from issuing new credit cards and onboarding new customers through mobile and online banking, and the exit of joint managing director KVS Manian. Some funds bought shares of Axis Bank, while sold ICICI Bank and Jio Financial Services.

The central bank is mandated to invest small portion of its foreign exchange reserves- $ 5 billion in the company following demands from the government in the past to fund infrastructure.

FY24 was a remarkable year for the company with record revenue, profits and dividend helped by superior performance in domestic and overseas businesses. The stock nearly doubled during the year, a reflection of investors’ recognition of its upbeat show. However, the growth is likely to moderate in the near term.

Indian banks had a strong fiscal 2024 but face challenges in the current year due to regulatory changes impacting credit growth and net interest margins. Return ratios and riskier lending are also areas of concern as the market adapts.

Edelweiss ARC, Phoenix ARC, Omkara ARC, and Prudent ARC eye Indian Overseas Bank's loan portfolio. Sets with reserve prices. ARCs conduct due diligence. Bank reports lower non-performing Assets.

Muthoot FinCorp aims to diversify from gold loans to 80% in 3 years, becoming a full-stack financial services provider. Plans include expanding branches, hiring, and offering new services to lower-middle income groups.

Benchmark Nifty rose 0.22%, or 48.85 points, to close at 22,104 while the Sensex gained 0.15%, or 111.66 points, to close at 72,776. Both indices had fallen over 1% each earlier in the day but bounced back mid-way through the session following the senior minister's remarks.