Indian shares closed higher on Monday, tracking a rebound in global markets due to easing worries over the escalation of tensions in the Middle East. The S&P BSE Sensex closed 0.77% higher at 73,648, while the NSE Nifty50 index ended above the 22,300 level."Nifty has moved above the initial hurdle at 22300 levels and is expected to encounter strong resistance at 22500 levels in the short term. If Nifty manages to sustain above 22500, then the market could even reach new all time highs in the near term. Immediate support is at 22260 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

The S&P BSE Sensex rose 560 points while the Nifty50 closed above 22,300 levels. Sectorally, buying was seen in capital goods, consumer durables, public sector, and healthcare stocks while selling was seen in utilities.

Technology and tech-related companies led the charge, as excitement over generative AI helped fuel a rebound from 2022’s losses, according to a report based on the database.

Dow Jones Industrial Average was up 44.85 points, or 0.12%, at 38,031.25

Reliance Industries announced a Rs 10 dividend per share for the fiscal year ending March 31, 2024. Q1 net profit dropped 2% to Rs 18,951 crore, while revenue rose 11% to Rs 2.4 lakh crore.

If the index manages to sustain above 22,500, the market could even reach new all time highs in the near term.

The Nifty Bank witnessed value buying at lower levels for the second consecutive day in a row, but it failed to hold on to the 48,000 mark. The index is likely to face stiff resistance around 48K marked by the highest Call open interest (OI), suggest experts.

Sensex surged 560 points, Nifty gained 189 points. Top contributors were ICICI Bank, L&T, Infosys, Axis Bank, Reliance Industries, SBI, Bajaj Finance. Conversely, HDFC Bank and NTPC weighed on the index.

Dolly Khanna is a Chennai-based large investor, who is known for lesser-known picks that tend to go on to overperform in the stock market. She has been investing in the stock markets since 1996. Her portfolio is managed by her husband Rajiv Khanna. Here's a look at stocks where she increased her stake in Q4: (Source: Trendlyne)

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

PL has picked 7 largecap counters viz. HDFC Bank, ICICI Bank, Larsen & Toubro (L&T), Max Healthcare Institute, Maruti Suzuki, Reliance Industries (RIL) and Siemens. In the mid and smallcap universe, the top buys include the likes of Astral, Can Fin Homes, Eris Lifesciences, Grindwell Norton, Navneet Education, Praj Industries, RR Kabel, Safari Industries (India), Sunteck Realty and TCI Express.

BJP leader Amit Shah and his wife have a diverse stock portfolio, with investments in over 180 companies. Their top 10 stock bets are concentrated in specific companies, with significant holdings in various sectors like banking, FMCG, and pharma.

​Shares of Sterling and Wilson Renewable Energy (SWERL) jumped 9% on Monday to day’s high at Rs 617 after it posted impressive results for the quarter ended March 2024 with a strong rebound in financials both sequentially and on a yearly basis.

Indian shares gained ground on Monday, following a recovery in Asian markets, as IT major Wipro rose post earnings and falling crude prices helped oil marketing companies, but a fall in top private lender HDFC Bank capped gains. Meanwhile, in today's trading session, five largecap stocks from the Nifty200 index reached a new 52-week high. Here's the list:

A Bengaluru businessman lost Rs 5.2 crore in a stock market scam after receiving a suspicious WhatsApp message.

As per the fortnightly data, the month of April (April 1-15) witnessed net buying worth Rs 5,407 crore by foreign institutional investors (FIIs) which is a big u-turn from net selling of shares worth Rs 5, 613 crore between 16th-31st March.

Daily cash turnover slipped below $13 billion last week compared with a peak of $17 billion in February, data compiled by Bloomberg based on 20-day averages show.

The home minister and top BJP leader, who is contesting the Lok Sabha election from Gujarat's Gandhinagar, has declared in an affidavit before the Election Commission that he owns shares of around 180 companies which includes unlisted ones as well. His wife Sonal has stakes in around 80 companies.

Zomato's shares rose 5% to Rs 197.80 after raising its platform fee by 25% to Rs 5 per order. With 2.0-2.2 million daily orders, this increase could significantly boost earnings.

Potential 30-40% returns from Polycab & KEI Industries in the Rs 1.8 lakh crore-cables & wires sector fueled by industry growth, exports, and government policies favoring organized players and renewable energy.

The global brokerage firm UBS upgraded Voltas' rating from 'Neutral' to 'Buy', raising the target price to Rs 1800 from Rs 885 previously. This adjustment suggests an upside potential of 38% from the previous close of Rs 1300.

After the desire to find the next multibagger, probably the second biggest desire is to find the next sector which might see a bull run. If one looks at the history of Indian markets, many sectors through a cycle where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. It was with the IT sector in the year 2000 Then came the infrastructure and real estate sector between 2005 to 2008. The valuations peaked in 2008 and then declined for more than 12 years. By the start of 2020 valuations were in the dumps. After a phase of strong liking and getting thrown into dumps, comes a phase a move toward normal valuations. But only select companies participate in this process. While they will not get the same price earning multiples, but in absolute terms returns which are more sustainable is the question and the answer is probably, Yes.

GSPL shares plunged 20% to Rs 302 as PNGRB slashed tariffs for its high-pressure network by 47% to Rs 18.1/mmbtu from Rs 34.0/mmbtu, contrary to GSPL's requested revision to Rs 50.77/mmbtu.

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

Quant Large Cap Fund-Reg(G) performed well in Q1, with a 9.53% gain. It adjusted holdings in various stocks, including RIL and Tata Power, to outperform the benchmark index and category returns

Pakistan's benchmark share index traded at a record high of 71,474 points, up 0.8%, after earlier breaching the key 71,000 level on Monday, according to data from the Pakistan Stock Exchange website.

The EBIT margin or operating margin remained steady at 14.5% quarter-on-quarter (QoQ). Last year, Persistent Systems had expressed its anticipation of enhancing margins by 200-300 basis points over the ensuing two to three years.

Shares of Vodafone Idea dropped 5% to Rs 12.23 in today's trading, ahead of the closure of its Rs 18,000 crore follow-on public offer. Vi attracted Rs 5,400 crore from 74 anchor investors, featuring prominent names like GQG Partners and Morgan Stanley.

"About 80% of Wipro's revenue decline over 2QFY23-3QFY24 has come from BFSI alone. A return to growth in BFSI should therefore help stem the erosion," said JM Financial's Abhishek Kumar.

After the desire to find the next multibagger, probably the second biggest desire is to find the next sector which might see a bull run. If one looks at the history of Indian markets, many sectors through a cycle where they will take a liking to a particular sector in such a manner that valuations will go through the roof. Then comes a phase, where the same sector is thrown down the dumps. It was with the IT sector in the year 2000 Then came the infrastructure and real estate sector between 2005 to 2008. The valuations peaked in 2008 and then declined for more than 12 years. By the start of 2020 valuations were in the dumps. After a phase of strong liking and getting thrown into dumps, comes a phase a move toward normal valuations. But only select companies participate in this process. While they will not get the same price earning multiples, but in absolute terms returns which are more sustainable is the question and the answer is probably, Yes.

HDFC Bank shares were trading 1% lower at Rs 1,514 on BSE this morning after the lender delivered a healthy quarter, with NIMs improving 4 bps QoQ.

FIIs raised stakes in multiple IT stocks in Q4, hoping for a turnaround in FY25. However, they sold IT stocks in April, leading to a 4.4% drop in the Nifty IT index. Various companies and sectors were involved in these transactions.

The reaction to the Q4 earnings can be seen today when the stock rose and hovered near its 52-week high of Rs 384.

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:

Citigroup maintained a sell rating on Wipro post Q4 results, while UBS upgraded Voltas to buy and Investec recommended a hold on HDFC Bank with a reduced target price. Dixon Technologies received a buy rating from Investec.

Nifty started weak but soon hit a high and kept moving up to close with a gain.

The Nifty50 and S&P BSE Sensex rose 0.7% and 0.8%, respectively, on Friday, gaining for the first time this week. But they lost about 1.6% over the holiday-shortened week. Meanwhile, numerous analysts have provided their technical perspectives on several stocks, identifying potential gains of up to 13% in the near term. Here's a compilation of 5 tech picks:

Samvardhana Motherson Intl Ltd surged 80% with strong momentum, eyeing Rs 160-175 target. Ascending Triangle breakout, RSI at 69.5. Derivatives expert suggests support at 110. Options chain analysis indicates strong support.

Greenhitech Ventures debuts with a 90% premium on BSE SME at Rs 90 from Rs 45, trading petroleum-based products like biofuels and bitumen. The company also operates ethanol plants in distilleries, offering business solutions in the market.

Indian indices surge with banking stocks leading. Various sectors show gains, including Auto, Pharma. Reliance Industries to report results later today.

The collective assets under management (AUM) of MNCL currently stand at over 1,000 crore, the fund said. MNCL is also likely to launch a Portfolio Management Service (PMS) during this fiscal year.

Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) is expected to report healthy numbers for the quarter ended March 2024, driven by robust O2C business and healthy growth in the consumer-facing businesses of Jio and retail.

Gold and the safe-haven dollar pulled back from near their peaks, and crude oil prices declined as the potential for a major supply disruption waned.

Markets saw some relief at the start of Thursday's session but failed to sustain at higher levels amid volatility and declined for the fourth consecutive day.

The legal representatives of eight FPIs - Albula Investment Fund, Cresta Fund, MGC Fund, Asia Investment Corporation (Mauritius), APMS Investment Fund, Elara India Opportunities Fund, Vespera Fund and LTS Investment Fund - have filed a total of 16 settlement applications with Sebi.

“Hindustan Unilever on the weekly chart has witnessed a decent erosion from 2680 levels and has arrived near the support zone at the lower end. Traders can buy the stock for a target of Rs 2600 in the next few days,” Vaishali Parekh, Vice President - Technical Research at Prabhudas Lilladher Pvt. Ltd, said.

The central bank has also asked payment companies to monitor and report high-value merchant payments during ongoing general elections. In a letter dated April 15, the RBI asked payment system operators (PSOs) to prevent likely misuse of e-fund transfer systems to influence voters or indirectly fund poll candidates.

The collective assets under management (AUM) of MNCL currently stand at over 1,000 crore, the fund said. MNCL is also likely to launch a Portfolio Management Service (PMS) during this fiscal year.

HDFC Bank MD emphasizes stability over growth, positive outlook for next 2-3 years post-merger. Focus on quality, slow growth strategy. Plans to raise ₹60,000 crore in infrastructure bonds for cost reduction.