Indian indices fell due to auto and IT stocks amid Lok Sabha elections. Sensex and Nifty down, India VIX surged. Top laggards include Tata Motors. Sun Pharma and HUL gained.

Nifty grew stronger in the morning session but soon gave up the bulk of its gains to close with a modest gain.

Shares of auto major Tata Motors on Monday fell up to 7% to the day's low at Rs 975 on BSE after three major global brokerages Goldman Sachs, Morgan Stanley and Nomura downgraded the Nifty stock while Citi suspended rating on Tata Motors following weaker outlook for FY25

Wipro shares witnessed a price-wise and time-wise correction in the past three months. The stock fell by over 7% in the same period. In terms of price action, the stock is trading well below most of the crucial short- and long-term moving averages such as 5, 10, 30, 50, 100, and 200-EMA on the daily charts.

Indegene's stock debuts at Rs 659.7, a 46% premium over the issue price. The IPO, oversubscribed 70 times, raised funds for debt and capital expenditure. Revenue reached Rs 1,969 crore for the period ending December 2023.

Equity markets were volatile throughout the last week on expensive valuations and election related uncertainty. In the upcoming week, investors will closely watch out for key inflation data from India and US and stock specific action is likely to continue due to fourth quarter earnings.In this setup, here are 6 stocks that you can consider buying for robust returns in short term

Tata Motors shares fell over 6% as the company expects local demand for passenger vehicles to weaken in the first half of fiscal year 2025, dampened by ongoing national elections.​​

Beijing has already reported a welcome pickup in inflation to an annual 0.3% in April, helping to soothe worries about a slide into prolonged deflation. Forecasts favour further gains in April retail sales and industrial output due on Friday.

“Godrej Consumer stock has been consolidating within a range of 1150-1300 levels, with prices consistently staying above its 200-day exponential moving average on daily and weekly charts. Traders can buy for a target of Rs 1550,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

However, a successful outcome is far from easy as any settlement with promoters under Section 12A of Insolvency and Bankruptcy Code (IBC) needs approval from 90% of lenders.

"The RMs would have been asked by some senior management personnel of the bank to woo the subsidiary's shareholders to vote in favour of the delisting proposal," said a person familiar with the regulator's thinking. "Sebi is looking into the allegations. Call data records of people involved in this matter will also be examined." Emails sent to ICICI Bank and Sebi remained unanswered.

Shares of Varun Beverages, Zomato, Jindal Steel and Tube Investments will be in focus as the companies will announce their fourth quarter results today.

A number of resident individuals working in Indian subsidiaries and arms of offshore parents have recently received notices from the Income Tax (I-T) department which has pointed out amounts that either went undisclosed or untaxed or both.

Labour reforms have been approved by Parliament in 2020, but it has not been implemented. In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes -- the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020.

IndusInd International Holdings (IIHL), a holding company of IIHL BFSI (India), received the NCLT nod to buy the financial services firm for ₹9,661 crore.

​The current market trend has been showing signs of losing momentum, as evidenced by the sloppy ascent of the rise and the shrinkage of the size of candles. The index has been trading within a range of 21,800 to 22,800 for the past 11 weeks, and it is currently located at the lower band of the rising channel.

GCPL shares moved in a range from February 1, when it hit a high of around Rs 1,300, and since then, the stock has been in a consolidation mode on the daily charts. The stock found support above Rs 1,100 levels. Short-term traders can look to buy the stock now for a target above Rs 1,500 in the next 6-7 weeks, suggest experts.

The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.

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. The reason, global metal prices are decided by two things, first is the state of the Chinese economy and second is how the US dollar behaves in the global markets. On the first, there are initial indications that after close to more than two years, things are turning better. The most reliable indication came last month with better than expected GDP numbers. On the second front, there is still lots of uncertainty thanks to flip-flops by the US Fed on interest rate cuts. Now if one looks at the metal stocks, they have sort of out performed volatile Indian markets. But given the fact that these days, too much money flows into stocks where there is even a slight bit of positive development, the possibility that these stocks may turn volatile if there was more pressure on the broader market. However, when the tide turns, because the operating matrix of the companies would be better if the China recovery continues, there is a high probability of them turning into relative outperformers.

Benchmark equity indices ended higher on Friday, but logged their worst week in eight as concerns over the outcome of ongoing national elections and selling by foreign investors weighed on sentiment. The S&P BSE Sensex closed 0.36% higher at 72,664, while the NSE Nifty50 index ended above the 22,050 level."The short-term trend of Nifty continues to be negative. Having placed at the key trend line support, there is a possibility of a minor upside bounce in the short term. But the market could eventually break down the present support of 21,900-21,850 levels and could slide down to 22,700-22,600 in the near term. Immediate resistance is at 22,300 levels," said Nagaraj Shetti, HDFC Securities.Here are 5 stock recommendations for Monday:

Thinking about the odd headline? Wait, it is the best possible way to put what a series of research-based analytical stories will cover after two weeks from now. A Sunday deep dive of companies that have either been transformed due to EV space or are in the process of changing themselves or will go down under because they are just not relevant in the new age of EV. AA stands for auto ancillary, 127 is the number of listed auto ancillary companies, 3 stands Rs three crores which is the lowest market cap of a company and Rs 89,652 is the biggest market cap of the company in this industry. Now why the auto ancillary sector will throw multibagger stocks and insolvency cases is simple. The whole auto industry is going through a fundamental shift. A shift which will make some components irrelevant and hence some companies will have existential threats. Some of which will grow much faster. This transformation will get another leg when Tesla comes to India and a new ecosystem of auto ancillary gets built.

Hindustan Copper shares, which are seen as one of the beneficaries of the growing EV adoption, have rallied 253% in the last year. Other EV stocks that have more than doubled investor wealth in one year are Himadri Speciality Chemical, Servotech Power Systems, JBM Auto, and Exide Industries.

It is well known that investing in mid-cap comes with its own risks, right from business to risk to market risks. So, as a basic principle one should be more cautious while investing in mid-caps. But the fact is however one might try the fact is that when the narrative is bullish we all tend to lower our guards and end up buying stocks which one should have not bought. So, what about using parameters which probably is not full proof, but history has shown that over a long period of time, it has worked well. That is staying with mid-cap companies from strong industrial groups, which have other companies which are running well. The reason for this strategy is simple, when that midcap company of a large group will see a tough time, at a group level there is management bandwidth in terms of both financial and human resources to help it over bad times. Also the fact that a large group with a track record of creating business will make sure that in the long term these businesses are able to grow. So, we look at 5 mid-cap stocks belonging to strong industrial groups.

On August 31, 2015, Hindustan Zinc took the support of 200 and 50-EMA (placed at 127) and rallied up to 340, but then corrected towards the 200-EMA (placed at 157), making a higher low.

From 1980 to 2023, the Sensex experienced corrections of less than 10% in a year only four times, underscoring the rarity of such events. Intra-year declines of 10-20% are common, with notable corrections of 60% in 2008 and 38% in 2020. Despite these fluctuations, the index yielded positive annual returns three out of four times.

This was way higher than a net withdrawal of Rs 8,700 crore in the entire April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields

The market capitalisation (mcap) of ICICI Bank declined by Rs 17,567.94 crore to Rs 7,84,833.83 crore, and that of State Bank of India went lower by Rs 11,780.49 crore to Rs 7,30,345.62 crore

Here's a look at stocks that will turn ex-dividend with respect to their dividends this week. (Source: StockEdge)

Here's a look at stocks that will turn ex-dividend with respect to their dividends this week. (Source: StockEdge)

The net inflows in hybrid mutual funds surged by 256% on a monthly basis and stood at Rs 19,862.94 crore in April from Rs 5,583.62 crore in March, according to the monthly data released by AMFI. Out of 6 hybrid MF categories, five categories received inflows whereas one saw outflows. Here is the break-up.

For retail traders to effectively compete, access to algorithmic trading must be democratised. This involves not only continued regulatory backing, but also the availability of practical algo tools that provide similar levels of automation and discipline as those used by institutional traders and professional fund managers.

Over 530 BSE-listed companies will announce their March quarter earnings this week, including DLF, GIC Housing Finance, INOX India, Jindal Steel & Power, Varun Beverages, Zomato, Bharti Airtel, Bharti Hexacom and Colgate-Palmolive (India).

In May, Foreign Portfolio Investors (FIIs) sold Indian equities worth Rs 17,083 crore, continuing their net selling trend. However, Domestic Institutional Investors (DIIs) countered this by purchasing equities worth Rs 19,410 crore, highlighting divergent institutional activity.

Some sectors have a company which can be called as the bell weather of that sector and that is why its results of that company probably are indicative of what is happening in the sector. In case of the diagnostic, it is probably the Dr Lals path labs which would fit the criteria, it has national presence, large network, present in both physical and digital segment. So when the quarterly numbers come and they show improvement on many fronts then probably it is time to have a look at them more seriously and see if there is a possible turnaround building in the sector. This became even more important because these stocks had gained extremely high valuation and also popularity in terms of both retail and institutional participation. But then for close to two years, they have been a strong under performer in a strong bull market. Does this result mean that finally in terms of price war for customer acquisition over and now the valuation readjustment will start in the upward direction.

"Generative AI has emerged as a disruptive technology that can potentially help corporates improve productivity while vastly improving customer experience as well. As of now, major use cases and financial benefits of Gen AI fall in sales, marketing and customer support with software engineering expected to rise sharply," domestic brokerage JM Financial said.

While there are several reasons for this surge, peaks and troughs, booms and busts are an integral part of the stock market saga - much like the waves of the sea, which incessantly rise and fall. Hence, there could be an element of “irrational exuberance”, “froth” and “bubble”.

Last week’s movement of the market has brought back some memories of what happened in March 2024. Given the event risk in terms of election results, we might see higher volatility as some profit booking takes place. If one is not a trader and knows how to hedge, it would be better to be cautious before investing. If one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Anthony Bolton, often known as Britain’s Warren Buffett and dubbed ‘The Quiet Assassin’, embodies an investment approach grounded in value and contrarianism.Bolton emphasises that temperament stands as the pivotal factor distinguishing successful money managers from their counterparts.He contends that investors possessing the appropriate temperament cultivate the capacity to swim against the current, eschewing herd mentalities entrenched in conventional wisdom.

NSE, valued at Rs 2.73 lakh crore or about $33 billion, is currently the world's seventh-most-valuable stock exchange. Talking about chart toppers, Intercontinental Exchange is valued at $77 billion while CME Group is valued at $76 billion. London Stock Exchange, Hong Kong Exchanges, and Deutsche Boerse AG are valued between $38 billion and $60 billion. (Source: LSEG | ET)

In the largecap segment, 15 companies witnessed significant block deals which were worth Rs 5,731 crore, led by Kotak Mahindra Bank with 24 block counts, totalling Rs 1,500 crore.

The Elliott Wave theory is focused on identifying a trend in financial market values and is based on the assumption that market patterns that have prevailed in the past might extrapolate in the future. This theory was developed by Ralph Nelson Elliott in 1930. The theory still finds relevance among traders/investors and financial institutions.

The bank received ₹497 crore as income tax refund in the quarter ending March as against ₹8 crore in the comparable period, which helped to push up profits for the fourth quarter.

Hindustan Zinc's rally to ₹540.95 was driven by silver prices and optimism, despite concerns like rising debt and limited free float. Analysts caution on valuations, advising buying on dips around ₹430 for short-term support.

Analysts said the state-owned lender's results, which beat estimates, were driven by better net interest margins (NIM) and other income, but deposit growth was lagging. However, the management guided for loan growth of 13-15%, prompting analysts to raise estimates.

Both the BSE Midcap and Smallcap indices lost over 4% each. In the smallcap pack, 11 stocks rose, with CarTrade Tech leading with 24% returns.

Atlanta Fed President Raphael Bostic acknowledged recent clues the economy is slowing, but added the timing of rate cuts remains uncertain.

In an interview with Reuters, Atlanta Fed President Raphael Bostic said he still thought inflation was likely to slow under the current monetary policy and allow the central bank to begin reducing its policy rate in 2024 - though perhaps by only a quarter of a percentage point and not until the final months of the year.

Sixty years ago Simons -- who preferred to be known as Jim -- shifted course from teaching mathematics and working in U.S. intelligence to investing. His pioneering use of computer signals for trading decisions earned him the nickname "Quant King."

Still, some investors worry the rally could stall without evidence that inflation is cooling again. While Fed Chairman Jerome Powell has reassured markets the central bank is unlikely to raise rates anytime soon, months of strong inflation have led to concerns that policymakers will not cut them this year.

Indexes were inching closer to record highs following a selloff last month, as a slew of economic data pointed to a cooling US labour market, raising expectations that the Fed will cut borrowing costs more than once this year. A much better-than-expected earnings season has also helped put the benchmark S&P 500 and the tech-heavy Nasdaq Composite on track for their third consecutive week of gains.