Indian equity indices dropped with Nifty and Sensex decline, led by Reliance Industries and HDFC Bank. Bajaj Finance shares surged 6% after RBI lifted restrictions. Market focused on US jobs data and global cues.

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

Indian equity indices dropped with Nifty and Sensex decline, led by Reliance Industries and HDFC Bank. Bajaj Finance shares surged 6% after RBI lifted restrictions. Market focused on US jobs data and global cues.

Shares of tyre maker CEAT plummeted 9% to Rs 2,383 in Friday's intraday trade on BSE after the company reported a 23% decline in its net profit to Rs 102 crore for the fourth quarter ended March 2024. The company had posted a net profit of Rs 132 crore in the January-March quarter of 2022-23.

Ajanta Pharma shares jumped 13% to Rs 2,532 in Friday's trade on BSE after the firm's consolidated net profit increased 66% year-on-year (YoY) to Rs 203 crore in the March quarter, aided by robust sales across domestic and international markets. The drug maker had reported a net profit of Rs 122 crore in the January-March quarter of the previous fiscal.

Shares of Coforge, which was earlier known as NIIT Technologies, fell nearly 10% on Friday to the day's low of Rs 4,505 on BSE after the IT company reported weak Q4 results in which both revenue and margin missed estimates.

Following Adani Ports' robust performance in the March quarter, brokerages have raised target prices, with Citi setting a target of Rs 1,782, indicating a 32% upside potential. Adani Ports shares, up 100% in the past year, were trading at Rs 1,344, buoyed by strong Q4 results and optimistic FY25 guidance.

A Foreign Institutional Investor (FII) is a person or company that invests in a country other than the one where it is registered or has its headquarters. According to StockEdge data, here's a list of 10 largecap stocks from the Nifty200 index wherein FIIs decreased their stake in Q4:

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

Indian equity indices dropped with Nifty and Sensex decline, led by Reliance Industries and HDFC Bank. Bajaj Finance shares surged 6% after RBI lifted restrictions. Market focused on US jobs data and global cues.

FY24 proved to be an exceptional year for equity markets worldwide, with Indian equity markets exhibiting outstanding performance. Throughout the year, Indian equities consistently achieved new all-time highs, accompanied by continuous surges in market volumes. In April 2024, mid and smallcap indices rallied by 6% and 11% respectively while the Nifty 50 index went up by only 1.2%. Here are the top 8 small and midcap ideas from Axis Securities:

Bajaj Finance's shares soared 7.5% on BSE following RBI's decision to lift restrictions on key customer acquisition products. Analysts foresee positive outcomes with improved growth visibility and potential profit CAGR.

The logistics stock hit Rs 1,035 on February 23, 2024, but failed to hold momentum. It witnessed a dip which took the stock below crucial short-term moving averages and bounced back.

Brokerage firm Jefferies downgraded Coforge, and maintained a buy rating on Bajaj Finance and a buy call on ONGC. Morgan Stanley maintained an Equal Weight rating on Federal Bank.

Retail investors outperform as 28 multibagger stocks show decreasing FII holding and increasing retail stake. Nilesh Shah shares stock ideas. Retail rebellion impacts various sectors. Potential for retail dominance in the market.

The BSE Sensex was trading 409 points or 0.55% higher at 75,025. Nifty50 was trading at 22,777, up 129 points or 0.57% at around 9.30 am.

The tech-heavy Nasdaq led the way, advancing 1.5% with healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analysts' expectations.

Adani Enterprises Ltd (AEL), part of the Adani Group, has released its financial results for the quarter and fiscal year ended March 31, 2024, reporting a consolidated EBIDTA (Earnings Before Interest, Depreciation, Taxes, and Amortization) of Rs 13,237 crore, marking a notable increase of 32 per cent compared to the previous fiscal year. The consolidated Profit Before Tax (PBT) surged by 56 per cent to reach Rs 5,640 crore. In the fourth quarter of FY24, the EBIDTA stood at Rs 3,646 crore, while the PBT stood at Rs 1,322 crore. Despite a slight decrease in EBIDTA from the previous year's fourth quarter, the company's performance remained strong, with significant increases in other areas.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1.5% and was set for a second straight week of gains. Hong Kong's Hang Seng Index spiked 2% higher, on course for a 5% gain for the week.

Kotak Bank shares fell as much as 4.4% during Thursday's trading to ₹1,552.4 before recovering partially. On the BSE alone, over 1.05 crore Kotak shares changed hands against a two-week daily average of 5.87 lakh shares.

BofA said it expects a tariff hike of 20-25% as against earlier expectation of 10-15%, which could improve cash flows that will be utilised by telecom companies to grow high-margin fiber broadband and enterprise or data-center offerings.

These notices were issued following Sebi's investigation into the allegations made against the Adani Group by US-based Hindenburg Research.

Markets rebounded on Thursday. Coal India reports 26% net profit growth. YES Bank may see Carlyle Group stake sale. Coforge approves Cigniti Technologies acquisition. Titan, Adani Green, Britannia, MRF, Tata Tech, Godrej Properties in focus ahead of earnings.

Domestic markets rose after US Fed's rate decision. Nifty futures flat. India VIX up. Asia equities, yen advance pre US jobs data. US stocks gain. Oil prices edge up on OPEC+ cuts, amid Israel-Hamas war.

Biocon stock broke out from a Symmetrical Triangle pattern last week on the monthly charts, which has opened room for it to head higher and hit fresh multi-year high. The stock remained range-bound in the last 3 months but witnessed a rebound after retesting its 200-Days EMA on the daily chart.

While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again.

Goldman Sachs is said to be the broker to the deal, CNBC TV18 reported citing its sources. Carlyle Group holds 8.74% stake in this private lender through an entity named CA Basque Investments.

Stock markets rebounded on Thursday as record GST collections in April, positive manufacturing data, and foreign fund inflows boosted investor sentiment. A less hawkish stance by the US Federal Reserve on rate hikes also eased market concerns. The 30-share BSE Sensex climbed 128 points or 0.17% to settle at 74,611 in a restricted trade. The NSE Nifty rose 43.35 points or 0.19% to 22,648.20 as 29 of its constituents advanced and 21 declined."The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead," said Nagaraj Shetti, senior technical research analyst, HDFC Securities.Here are 4 stock recommendations for Friday:

The alleged non-compliance pertains to related party transactions with respect to certain transactions with third parties, and validity of peer review certificates of statutory auditors in previous years, the filing said.

Ajanta Pharma on Thursday announced a Rs 285 crore buyback of up to 10.28 lakh shares through a tender offer at a price of Rs 2,770 — a premium of 24% --- against Thursday’s closing price of Rs 2,233.

The Dow Jones Industrial Average rose 172.4 points, or 0.45%, at the open to 38,075.65.

Rally was seen in power and utilities indices, which were up over 1% each, followed by gains in auto and metal stocks. Some profit taking was seen in banks, telecom and consumer durables.

“Over FY23-27, we are expecting the company’s revenue/ EBITDA/ net earnings to grow at a CAGR of 14.6%/16.4%/18.5% to Rs 3,593 crore/Rs 581 crore/Rs 300 crore, respectively, while EBITDA and net margins are expected to improve by 96 bps to 16.2% and 105 bps to 8.4%, respectively. Return ratios – RoE and RoIC – are expected to improve by 694 bps to 30.7% and 2647 bps to 58.3% by FY27,” the brokerage report states.

The short-term trend of Nifty is choppy with range-bound action. Any upside from here could encounter strong resistance around 22,800 levels. Immediate support is at 22,550 levels and a slide below the support could trigger some more weakness ahead, Nagaraj Shetti of HDFC Securities said.

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 a security from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Thursday's trading session, five stocks witnessed a top long unwinding. Here's the list:

The acquisition process is expected to get completed by Q2FY25.

With the Fed policy out of the way, here's a look at other key macro events that can impact the stock markets this month. (Source: Prabhudas Lilladher)

The BSE benchmark Sensex climbed 128 points or 0.17% to close at 74,611, while the broader NSE Nifty advanced by 43 points or 0.19% to settle at 22,648.

MOFSL shares five stock ideas that have the scope to offer up to 28% returns to investors. Take a look:

In its short-range outlook released last month, the World Steel Association said that it expects global demand to go up by 1.7% on year. AMNS India – in which ArcelorMittal has a 60% equity interest – produced 1.98 million, and sold 2.02 million tonne of steel during the March quarter.

In Thursday's trading session, shares of InterGlobe Aviation, the operator of IndiGo Airlines, surged 3% to reach a record high of Rs 4,098.45 on the BSE. This uptick followed the company's announcement of placing an order for 30 Firm A350-900 aircraft.

Crude oil prices hitting a two-month low this week fuelled strong movement in stocks of domestic oil marketing companies (OMCs) which jumped over 8% on Thursday.

After a corrective phase, the large and mid caps are once again in party mode. Large caps which had been lagging in a relative manner have been able to make a comeback, thanks to the fact the flows to the large cap mutual funds have seen a spike in the last two months. While the short term movement in the markets might impact the decision making process. But investing in not about a quarter or week, it is much more than them. If one looks at the long term, large caps are able to outperform and create wealth in a more sustainable manner. We take a look at some large caps where there have been some headwinds, either in terms of business of market valuations. But the underlying business is strong and good to own business for the long term.

For the fourth quarter of FY24, the company's net profit surged 181.8% to Rs 29.66 crore as against Rs 10.52 crore in the corresponding period of last year.

With global markets getting volatile, some impact has been visible on the Indian market also. But if one looks at the broader market breadth, it is clear that the undercurrent is bullish. Keep an eye on liquidity which would be clear once in next few days numbers or the mutual fund flows are released. Also the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth stays positive then it is very likely that we might see more strength in mid-caps across different sectors. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

"At the moment, we have a plan to invest USD 20 billion across sectors in four years time," Agarwal said and the investments will be focused on technology, electronics, and glass businesses apart from the other activities that the group is engaged in.

Indian shares edged up on Thursday, in line with Asian peers, after a less hawkish U.S. Federal Reserve downplayed an interest rate hike, while a drop in global oil prices also helped cool domestic inflation fears. Meanwhile, in today's trading session, six midcap stocks from the Nifty200 index hit a new 52-week high. Here's the list:

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

​Adani Ports and Special Economic Zone declared a dividend of Rs 6 per equity share on Thursday along with their Q4 results. The Adani Group company has declared June 14 as the record date for determining eligible shareholders and the payment will take place on or after June 30.