Indian shares rose on Wednesday, helped by gains in heavyweight financials and metals stocks, with investors focusing on earnings from key Nifty 50 constituents due this week. Meanwhile, in today's trading session, five Nifty50 stocks touched a new 52-week high. Here's the list:

Earlier reports had said that Airtel was in conversation with Vodafone group to potentially acquire a controlling stake in Indus Towers. Airtel has now, in a letter to the exchanges, clarified that such is not the case.

The company's Q4 revenue stood at Rs 362 crores, with quarter-on-quarter (QoQ) growth of 12.7% and YoY growth of 30.5%.

MCX shares plummeted 8% to Rs 3,715 in Wednesday's intraday trade on BSE after the company released its quarterly report, which showed positive results but fell below market estimates for the quarter ending March 2024.

Responding to a lawsuit filed by Jane Street this month, Douglas Schadewald said it was “not only wrong, but impossible” that he and a fellow defector, Daniel Spottiswood, cost the company more than $150 million in profits between February and March when they went to work for rival Millennium.

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

Tata Elxsi's shares dropped 5% to Rs 7,000 today as investors were disappointed by the company's Q4 results. The company reported a 4.5% sequential decline in net profit in its quarterly results announced yesterday. Q4 revenue stood at Rs 905.9 crore, down 0.9% QoQ, marking the first sequential revenue decline since Q1 of FY21.

The overall Assets Under Management (AUM) stood at Rs 4.7 lakh crore as of March 2024 while annual recurring revenue (ARR) AUM at approximately Rs 2.28 lakh crore, an increase of 36.3% year-on-year (YoY) And 3.2% QoQ.

Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.

Pledging of shares is one of the options that the promoters of companies use to secure loans to meet working capital requirements, personal needs and fund other ventures or acquisitions. A promoter shareholding in a company is used as collateral to avail of a loan. Here's is a list of 5 largecap stocks from the Nifty200 index firms where promoter pledge declined in Q4 FY24, according to StockEdge data:

ICICI Prudential Life received an Equal Weight rating from Morgan Stanley, while Citigroup upheld its Buy rating for Bharti Airtel. Tata Consumer was given a Neutral rating by Goldman Sachs, and Investec maintained a Buy rating for Cipla.

Trent, part of Tata Group, doubled in value, reaching record highs and breaking ranges. Strong support and resistance levels. Expert suggests possible targets. Bullish trend since October 2023, with potential further upside.

GLOBAL-Asian shares rise on tech boost; yen on intervention watch

Foreign funds reduced their ownership of India’s largest staples company to 12.7% at the end of March, down from as high as 14.5% in June last year, according to data compiled by Bloomberg.

Benchmark equity indices rose tracking global markets, driven by Reliance Industries and HDFC Bank. BSE Sensex gained 209 points, Nifty50 up 52 points. Leading gainers were HDFC Bank, Axis Bank, TCS, Tata Motors, Nifty Metal, Auto, Pharma, Healthcare, Oil & Gas also increased.

Rajiv Jain's GQG empire in India has expanded to $11 billion, diversifying beyond Adani stocks to include stocks from various sectors like energy, banks, real estate. The portfolio now comprises a wide range of stocks.

Nifty 50 hit a high point in the early minutes of the trade but then drifted lower. It managed to close with a gain.

Stocks that were in focus included names like ABFRL, which rose 9.24%, Tata Consumer, which was flat, and HUL, whose shares increased 0.96% on Tuesday.

Tesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehicle models and quarterly revenue that missed analyst estimates. Its shares jumped 6% in extended hours trading.

Airtel is the biggest shareholder in Indus, with 47.95%; Vodafone Group has 21.05% and 30.97% is with the public, according to the tower company's latest filing with the BSE. A buyout of the Vodafone stake will boost Airtel's shareholding to 69%. Indus shares ended 2.9% higher at ₹359.65 on the BSE on Tuesday, giving it ₹96,923.41 crore market capitalisation.

Most banks offer deposit services at branches, and withdrawals can happen at off-branch locations. With a way to upgrade ATMs to CRMs, banks eliminate the need to replace ATMs. These machines will be UPI-enabled for cash deposit and withdrawal.

The Swiss bank will instead rely on existing joint ventures to expand in China's mutual fund industry following the acquisition of Credit Suisse last year, the people said, requesting not to be identified because the matter is private.

“Sterling & Wilson Renewable Energy (SWSOLAR) stock has demonstrated resilience by finding support at its 100-day Moving Average. Traders can buy for a target of Rs 690 in the next 3-4 weeks,” KKunal V. Parar, Vice-President of Technical Research and Algo, Choice Broking, said.

According to the company, the fraud involved the forgery of KYC (know your customer) documents to embezzle company funds.

The private lender's scheme of arrangement to delist ICICI Securities received approval from the subsidiary's public shareholders in a voting process last month.

Power sector received the highest inflow from foreign investors, who bought shares worth ₹5,143 crore after buying ₹45 crore in March. In 2023, the sector witnessed inflows worth ₹2,477 crore. With the government expected to boost the country's power capabilities as part of its ambition to make India into a manufacturing hub, the focus is on the companies that will benefit from the revival of the sector.

"Sudarshan Chemical stands to gain meaningful share in the export as well as domestic markets," said Sandeep Abhange, research analyst at LKP Securities.

The Insurance Regulatory and Development Authority of India (IRDAI) has announced a new rule allowing insurance companies to offer variable annuity plans with a minimum guaranteed annuity amount. This option is available under both group and individual defined annuity products, based on publicly available benchmarks.

FMCG company Tata Consumer Products reported 19% fall in its consolidated net profit at Rs 216 crore for the quarter ended March 2024.

The embargo was part of RBI's supervisory action over concerns related to certain loan disbursement practices.

The FPO is expected to be followed by a ₹25,000 crore debt issue, helping achieve Vi's targeted ₹45,000 crore fundraising drive aimed at regaining financial health and bolstering competition with bigger and profitable rivals Reliance Jio and Bharti Airtel.

Analysts said that Reliance's balance sheet remains strong but growth in retail and oil-to-chemical businesses is expected to be muted in the short term, but the company's digital services led by Jio could be a key driver.

"The drop in VIX is unprecedented, as previously readings of VIX near 8-9% were seen when markets were making a top. This is showing that traders have become overly positive about the upcoming days."

The stock hit a high of Rs 678 on April 23, 2024, — a level last seen back in September 2019. Tracking the momentum, the stock hit a high of Rs 678 on April 23, 2024, — a level last seen back in September 2019.

​Paid subscribers rose 14% year over year to 239 million, the Swedish company said Tuesday in a statement, in line with analysts’ estimates compiled by Bloomberg. Total active users, including those on free plans with advertising, grew to 615 million, slightly less than the 617.9 million forecast by analysts.

The S&P 500 was up 53.38 points, or 1.07%, at 5,063.98, and the Nasdaq Composite was up 221.35 points, or 1.43%, at 15,672.66. GE Aerospace rose 6.2% after the aerospace giant raised its full-year profit forecast. Danaher gained 7% after the life sciences firm beat quarterly profit and sales expectations.

Equity benchmark indices Sensex and Nifty closed higher for the third session in a row on Tuesday, following gains in telecom, tech and consumer durable shares amid a firm trend in the global markets. However, rising global crude prices and renewed foreign capital outflows amid geopolitical tensions restricted the markets' appreciation bias, traders said.After rallying over 400 points, the 30-share BSE Sensex ended 89.83 points or 0.12 per cent higher at 73,738.45. Trimming most of its early gains, the NSE Nifty ended 31.60 points or 0.14% up at 22,368."The near-term uptrend status of Nifty remains intact and the short-term trend is choppy. Further consolidation or minor dip could be a buying opportunity. A sustainable move above 22,500 could open next upside towards 22,800 levels. Immediate support is at 22,200 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 4 stock recommendations for Wednesday:

Shares of Tesla edged higher on Tuesday ahead of the electric car maker's first-quarter results, with analysts expecting its lowest gross profit margin in more than six years due to price cuts and slowing demand.

State-owned Power Grid Corporation on Tuesday said it has inked a pact to infuse funds and take a 50 per cent stake in crisis-hit National High Power Test Laboratory Pvt Ltd (NHPTL). A supplementary joint venture agreement in this regard was signed on April 23, 2024, by shareholders of NHPTL, according to a regulatory filing.

The Dow Jones Industrial Average rose 116.1 points, or 0.30%, at the open to 38,356.07.

Earlier in October, Motilal had initiated coverage on Adani Ports where it was highlighted that the company’s improving utilization levels at its current ports, along with its ramping up of volumes at newly acquired ports, will position the company to exceed its FY24 volume guidance and expand its market share in cargo handling.

Home Minister and BJP leader Amit Shah filed his election affidavit from Gujarat's Gandhinagar last week. The affidavit shows that he has a 250-plus stock portfolio, wherein he owns stakes in around 180 companies while his wife Sonal has holdings in 80 stocks. Watch!

Nifty is facing a lot of resilience around 22,400-500 levels for the past couple of days on an immediate basis. We need to witness a decisive close above 22,400-500 levels for further strength in Nifty or else reversal is likely from this resistance zone, says Tejas Shah

The S&P BSE Sensex rose 90 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in FMCG, consumer durables, realty, and telecom stocks while some selling was visible in metal, healthcare, oil & gas and energy stocks.

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

The decision was taken in a board meeting held today to approve the company's January-March quarter earnings and the announcement was made after market hours.

Here's a look at how the biggest fundraises by Indian companies in the form of IPOs and FPOs have fared. (Source: Capitaline | ET Bureau)