An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.

"The BJP manifesto has a strong positive read-through for Indian equities," said Seshadri Sen, head of research at Emkay Global Financial Services. "Railways, defence, housing mortgages, tourism, and aviation are direct beneficiaries; while textiles and pharma API are probable winners."

Hindalco Industries stock a 52-week high in January, but failed to hold the momentum. It found support around 500 levels in March and bounced back. In terms of price action, the stock is now trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts.

Stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845 points or 1.14% to settle at a more than two-week low of 73,399.78. The NSE Nifty declined 247 points or 1.10% to settle at 22,272.50.“The short-term trend of Nifty continues to be weak. The next lower levels to be watched are around 22,000. Immediate resistance is at 22,400 levels.” said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:

Stock markets took a beating on Monday with benchmark Sensex and Nifty tumbling over 1% as escalating conflict in the Middle East and weak trends from global markets unnerved investors. Falling for the second session in a row, the 30-share BSE Sensex tanked 845 points or 1.14% to settle at a more than two-week low of 73,399.78. The NSE Nifty declined 247 points or 1.10% to settle at 22,272.50.“The short-term trend of Nifty continues to be weak. The next lower levels to be watched are around 22,000. Immediate resistance is at 22,400 levels.” said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:

The S&P 500 was up 36.24 points, or 0.71%, at 5,159.65, and the Nasdaq Composite was up 69.03 points, or 0.43%, at 16,244.12.

Sectorally, buying was seen in oil & gas and energy while selling was seen in IT, banks, capital goods, and power indices.

Jio Financial Services has signed an agreement with BlackRock Inc. and BlackRock Advisors Singapore Pte. Ltd. to form a 50:50 joint venture with Blackrock. The launch of the wealth management and broking businesses is subject to regulatory and statutory approvals.

Markets regulator Sebi on Monday said it will auction 30 properties of seven companies, including Mangalam Agro Products and Purusattam Infotech Industries, on May 15 to recover money illegally collected from investors. The properties will be auctioned for a reserve price of nearly Rs 25.64 crore.

Shares of Donald Trump's social media company slumped 12% on Monday, extending their string of losses, after the company said in a regulatory filing that it could sell millions of additional shares in coming months.

As Vodafone Idea gears up to raise as much as Rs 18,000 crore through India’s largest FPO, let's take a look at other mega follow-on offers before this one: (Source: ETIG)

Temenos shares surged 18% on Monday after a special committee appointed by the financial software company said allegations made by Hindenburg Research were "inaccurate and misleading".

An analysis by ETIG reveals that 62 out of the 73 banking and finance stocks in the BSE 500 and 31 out of 35 sector stocks in the BSE 200 now trade above their five-year average price-book (P/B) multiples on a trailing basis. The trend was similar when the current valuations were compared with the three-year average multiples.

The Dow Jones Industrial Average rose 92.14 points, or 0.24%, at the open to 38,075.38.

The 10-period EMA around 22,200 levels has offered support for the market in the last few months, said analyst Nagaraj Shetti. The daily momentum indicator has triggered a fresh negative crossover, which is a sell signal.

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 Monday's trading session, five stocks witnessed a top long unwinding. Here's the list:

Mutual funds (MFs) showed a bullish sentiment towards Indian equities in March, as indicated by their combined net investments of approximately Rs 44,233 crore. ETMarkets analysis highlighted that six stocks were added to the portfolios of 25 more MF schemes in March compared to February. Among these, three stocks have delivered returns exceeding 20% in the current calendar year, while the rest remained either stagnant or experienced negative performance. (Data Source: ACE MF | ACE Equity)

Global Vectra Helicorp is a private helicopter operator service and Kedia bought a 2.92% stake in the company in the previous quarter.

​ J.P.Morgan and Morgan Stanley started coverage on Reddit with equivalent to "hold" ratings, as they wait for clarity on the social media company's user growth, while staying bullish on ad-revenue growth and artificial intelligence (AI) initiatives.

India's equity mutual funds (MFs) inflows stood at Rs 226 crore vs Rs 269 crore in February, indicating meaningful flows despite excessive volatility in March. Here's a look at new inclusions of top MF houses last month:

Fund houses together owned 140.91 crore shares of ITC as of March-end. In value terms, the ITC shares worth Rs 11,120 crore were bought by MFs taking the total value of these shares to Rs 60,360 crore.

Indian shares fell on Monday as investors sold riskier assets after Iran's retaliatory attack on Israel over the weekend spurred fears of a wider regional conflict. However, in today's trading session, six stocks from the Nifty200 index reached a new 52-week high. Here's the list:

A committee would oversee sale of the assets and the money will be utilized for repaying the investors. The committee was formed following an order passed by Calcutta High Court in May 2015.

Mutual funds increased stakes in global cyclicals and healthcare while reducing exposure to BFSI. Equity funds and various other funds drove a 35% YoY growth in the mutual fund industry's AUM in FY24.

Today, when the whole market is down, there is one sector which is leading the recovery, metals. Both ferrous and non ferrous. Partially because of the fact that Russian metal has been sort of ousted from the markets with the US and UK taking measures to keep it out of exchanges. Also because there are enough indications from China that demand might be getting stronger. Now there is an inverse relationship between the rising price of metal and margins of the many user industries. So when there is an expectation that metal prices are going to rise, there is bound to be a negative reaction in some of the sectors and industries. As an investor one needs to realize that the user industry, where there is higher “value addition” to the metal and there is a strong “brand”. The impact on margins is much lower. Infact when these stocks react to the narrative which might hit the street sooner than later, it is probably the time to have a look at them with a long term perspective.

In a note on 10-year expected returns, Amundi said it has downgraded its predictions on U.S. market returns given that investors have now fully priced in growth expectations, especially in mega cap stocks.

India set to exit FY24 with a GDP of $3.6 trillion. Strong market performance observed with significant returns. Various sectors like BFSI, Auto, Healthcare, Tata Consumer, and Birla Corp showcase growth potential.

Today, when the whole market is down, there is one sector which is leading the recovery, metals. Both ferrous and non ferrous. Partially because of the fact that Russian metal has been sort of ousted from the markets with the US and UK taking measures to keep it out of exchanges. Also because there are enough indications from China that demand might be getting stronger. Now there is an inverse relationship between the rising price of metal and margins of the many user industries. So when there is an expectation that metal prices are going to rise, there is bound to be a negative reaction in some of the sectors and industries. As an investor one needs to realize that the user industry, where there is higher “value addition” to the metal and there is a strong “brand”. The impact on margins is much lower. Infact when these stocks react to the narrative which might hit the street sooner than later, it is probably the time to have a look at them with a long term perspective.

Aster DM Healthcare's Board approved the declaration of a special dividend of Rs 118/share payable to those shareholders whose names stand on the register of members of the company as of the record date of April 23, 2024

While noting that the reforms in crude and gas pricing have improved the company's profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.

Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter.

​ European shares inched up on Monday, with defence stocks among top gainers, as investors assessed the wider implications of escalating tensions in the Middle East, while optimism around imminent interest rate cuts also aided sentiment.

Investors analyze BJP's manifesto for economic changes and governance reforms. CLSA and UBS highlight infrastructure focus, governance reforms, and stock market impacts. BJP's policies create opportunities for specific industries. Stock recommendations include sectors like tourism, EVs, and natural gas.

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:

Indian benchmark indices opened the week significantly lower, mirroring Asian market losses. Investor sentiment weakened post Iran's retaliatory attack on Israel. BSE Sensex dropped 800 points. Market cap fell by Rs 5 lakh crore. Various Nifty sectors also experienced declines. With the onset of the results season, analysts said traders can adopt a thematic approach and may get trading opportunities on both sides of the market. In this setup, here are 7 stocks that you can consider buying for robust returns in short term:

TCS shares rose up to 1% to the day's high at Rs 4,063 on BSE even as Sensex and Nifty fell around 1%. During the March quarter, TCS reported a 2.2% YoY increase in its revenue at Rs 61,237 crore in constant currency terms, despite ongoing demand weakness

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

While today the movement of the Nifty and Sense will make a number of people once again think about volatility. The fact is that when valuations are high, the probability of volatility hitting the street is always high. So, it would be better to stay ready for volatility both for domestic and global reasons. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, 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.

The jewellery retailer posted a 39% growth in revenue for the March quarter compared to the year-ago period while revenue for the full fiscal jumped by 28% in FY24.

Middle-east tensions affect India markets with 14 stocks having Israel connections. Record-breaking rally faces uncertainty amid geopolitical concerns and rising oil/commodity prices. Analysts cautious about potential interest rate hikes.

Nifty 50 opened weak and stayed low throughout the day to close with a loss.

The market capitalisation of all listed companies on BSE declined by Rs 6 lakh crore to Rs 393.77 lakh crore. On the sectoral front, Nifty PSU Bank, Realty, and Media opened with declines of over 2%, while Nifty Auto, Financial, Metal, Pharma, and Oil & Gas opened with losses ranging from 1-2%.

3 PMS funds doubled HNI wealth in FY24. Invasset's Growth Pro Max leads with 128% return. Green Lantern Capital, Asit C Mehta's ACE Multicap follow. Samvitti Capital's Active Alpha, Ambit Global's Alpha Growth, Carnelian's YNG Strategy, Investsavvy's Alpha Fund, Bonanza Portfolio's Value fund, Equitree Capital's Emerging Opportunities scheme in top 10. 330 out of 334 PMSes exceeded Nifty50 TRI.

Escorts Kubota shares hit a record high of Rs 3,435 on October 11, 2023, but failed to hold on to the momentum. It closed at Rs 3022 on April 12, 2024, which translates to a fall of over 12%.

CLSA maintained an underweight rating on TCS post March quarter results and reduced the target price to Rs 3941 from Rs 4043 earlier.

Middle-east tensions affect India markets with 14 stocks having Israel connections. Record-breaking rally faces uncertainty amid geopolitical concerns and rising oil/commodity prices. Analysts cautious about potential interest rate hikes.

Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc. and HSBC Holdings Plc.

The market capitalisation of all listed companies on BSE declined by Rs 5 lakh crore to Rs 394.68 lakh crore. On the sectoral front, Nifty PSU Bank, Realty, and Media opened with declines of over 2%, while Nifty Auto, Financial, Metal, Pharma, and Oil & Gas opened with losses ranging from 1-2%.

The listing plans for the firm, which has a 28% share in the local instant noodles market and an annual revenue of 8 billion rupees ($96.2 million), are still in the early stages of discussion, he added. It aims to grow its revenue by 15% this year.

Price target upgrades for Zomato in the past 12 months exceed those for all other stocks in a Bloomberg Intelligence gauge of global ride sharing and delivery peers. At least five brokerages have lifted their estimates for the shares in just the past few weeks, including Citigroup Inc. and HSBC Holdings Plc.