"It is anticipated that a bullish momentum will prevail in the index, and the rally could further extend to 23,000 levels. Short-term support levels for the Nifty exist at 22,700 and 22,620 levels, while resistance stands at 22,800 and 22,900 levels," said Asit C, Mehta Investment.

The working group said in its recommendations that a five-day work week will align with practices adopted in international financial centres and offshore units of Indian banks. "The government wants to position GIFT City as a major financial hub. All these steps are very important benchmarks for an aspiring international financial centre like GIFT IFSC," said another official.

“We are seeing a mixed trend in the financials pack and AB Capital has been showing noticeable strength amid volatility. Traders can buy for a target of Rs 245 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Analysts anticipate Reliance Jio and Bharti Airtel, leading telecom operators in India, to witness moderate sequential growth in their fiscal fourth-quarter mobile revenue. This growth is primarily driven by robust broadband user additions, with no tariff hikes implemented. Conversely, Vodafone Idea (Vi) is expected to experience a decline in revenue due to persistent heavy customer attrition.

Brokerages Jefferies and Nomura have slashed their target prices for the stock of the Kolkata-based lender that emerged as a full-service bank after decades of operations as a microfinancier.

The ₹300 lakh crore market cap milestone was achieved on July 5, 2023, when the Sensex was at 65,446. Since then, the index has rallied over 14%, but the broader market cap has surged 34%.

In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agriculture insurance.

"In view of the General Elections (Lok Sabha) for constituencies in Mumbai on Monday May 20, 2024 the Exchange will remain closed on May 20,2024 and there will be no trading on that day in Equity, Equity Derivatives and SLB Segments." said BSE's circular released on Monday.

Two entities – Nicomac Machinery and RP Advisory Services – are likely to sell upto 4.4% stake in Gland Pharma through block deals on Tuesday, according to news reports.

Bain Capital acquired its stake in Axis Bank in November 2017. BofA Securities India is the sole bookrunner. ​In June, Bain Capital sold a 0.7% stake in Axis Bank at an average price of Rs 968 per share, aggregating Rs 2,178 crore. Prior to this, the private equity firm had sold a 1.2% stake in October 2022.

Senior citizens can earn another 50 basis points, while women investors earn an additional 10 basis points, taking the maximum rate to 9.4% for a woman senior citizen.

Maruti Suzuki, Mahindra & Mahindra and Eicher Motor gained around 3% each, hitting new highs during the trading session. Battery maker Exide soared 16.8% to new record levels. TVS Motor rose 3.2%.

The stock is trading above the most crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. This is a positive sign for the bulls. It breached its July 3, 2023, swing high of Rs 199.40 last week. It closed at Rs 204.70 on April 5.

Bain Capital acquired its stake in Axis Bank in November 2017. BofA Securities India is the sole bookrunner. ​In June, Bain Capital sold a 0.7% stake in Axis Bank at an average price of Rs 968 per share, aggregating Rs 2,178 crore. Prior to this, the private equity firm had sold a 1.2% stake in October 2022.

Wall Street indexes rise as Treasury yields drop, investors reassess rate cut timing. Market awaits inflation data, Fed minutes, banking giants' earnings. Wells Fargo raises S&P 500 year-end target. Cryptocurrency stocks gain with rising bitcoin prices.

The brokerage boosts S&P 500 target citing AI optimism. Fed's rate cut view, Magnificent Seven stocks, and EPS estimate raise drive bullish sentiment. Wells Fargo also lifted the S&P 500's earnings per share estimate to $242 from $235 for this year.

​US-based Citigroup on Monday bought shares of two private lenders, RBL Bank and South Indian Bank, for Rs 222 crore through open market transactions. Citigroup through its affiliate Citigroup Global Markets Mauritius purchased shares through two separate bulk deals on the BSE.

After consolidating for the past few days, domestic markets started the week on a firm note and gained over half a per cent, tracking favourable global cues."On the daily chart, we can observe that the Nifty has managed to hold on to the support zone of 21,900 – 21,860 as of today. The 40-day exponential average (21970) absorbed the selling pressure. So, until this zone is held, we can expect the upside momentum to resume," said Jatin Gedia – technical research analyst at Sharekhan.Here are 6 stock recommendations for Tuesday:

Nicomac Machinery and RP Advisory Services ​are looking at raising Rs 1,400 crore through the sale, and have set the floor price for the same at Rs 1,725/share. The floor price is at a discount of over 7% to the current market price of the stock. On Monday, shares of Gland Pharma ended nearly 6% higher on the NSE at Rs 1,856.

Bain Capital is offering Axis Bank shares for Rs 1,071-Rs 1,076.05 a share, and it seeks to raise $431 million through the block trade.

The growth-inflation projections, too, were unchanged, with GDP growth seen at 7% for FY25 and retail inflation (CPI) at 4.5%. While there were modest revisions in its quarterly projections, the full-year estimates stay as is.

The Dow Jones Industrial Average rose 12.38 points, or 0.03%, at the open to 38,916.42.

Positive chart patterns like higher tops and bottoms are intact as per the daily chart, and the present upmove is in line with the new higher top formation of the pattern. The short-term uptrend of the Nifty remains intact, and the next upside levels are around 22,800 (1.618% Fibonacci projection). Immediate support is at 22,520 levels, said Nagaraj Shetti of HDFC Securities.

As a result, the derivatives contract of Nifty Midcap Select contracts, expiring on May 20, will now expire on May 17.

Zerodha's Nithin Kamath on Monday said the broker is doing everything in its capabilities to support non-profit organisations to raise funds from the public.

Indian headline indices hit new highs fueled by auto, energy, and metal stocks. Bond yields rose impacting global markets. Earnings season kicked off with positive expectations for Nifty companies.

YES Securities in its report titled 'Stocks That Rock' shared four ideas for April, which can rally over 20% each in the next 12 months. Take a look:

Shareholding of individual investors reflects in the ‘Shareholding Pattern’ of BSE-listed companies only on reaching a 1% stake or above in the company.

Sensex and Nifty surged to new highs, BSE market cap crossed Rs 400L crore. US Treasury yields, Federal Reserve, Dalal Street, mid, smallcap indices, Eicher Motors, Maruti Suzuki, Reliance, global markets, Crude oil, institutional investors, Q4 updates, Earnings expectations driving the market.

Sensex and Nifty surged to new highs, BSE market cap crossed Rs 400L crore. US Treasury yields, Federal Reserve, Dalal Street, mid, smallcap indices, Eicher Motors, Maruti Suzuki, Reliance, global markets, Crude oil, institutional investors, Q4 updates, Earnings expectations driving the market.

German's DAX marginally outperformed broader European equities, boosted by industrials after data showed industrial production rose more than expected in February, helped by the performance of the construction industry

While it should be done for every sector, for some sectors it is extremely important to make a distinction between the narrative which is making rounds on the street and what is happening in the real business. The reason, it is a narrative which is going on the street which makes expectations high and when they are not met then investors end up making the wrong decision both at the time of buying and selling. First, a large market size does not mean that players will see all the growth in the short term, it might be a long term play when it comes to overall growth of the markets. So, while insurance is a big opportunity, it will pan out over a period of time. Second, a number of times, the name of both life and non- life and health insurance companies is taken in the same breadth. But they are very different in every aspect and the stock price movement will also follow a different trajectory. So does the current phase of consolidation and underperformance of the stocks is an opportunity for investors looking for a real long term investment opportunity?

Voltas shares surged 13% to reach a 52-week high of Rs 1,392 on NSE after reporting record sales of 20 lakh AC units in FY 2023-24. The stock also showed impressive returns of over 60% in the past 12 months, outperforming Nifty.

Delaporte had joined Wipro on July 6, 2020, when the market capitalisation was around Rs 117,500 crore. It ended at Rs 2.53 lakh crore at the end of Friday's session. After the rejig at the top management, the stock fell up to 1% at Rs 478.40 on BSE on Monday.

Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.

On Friday after the market closing hours, the private lender informed exchanges that Ghosh will retire from the position of MD & CEO upon completion of his current tenure on July 9, 2024. The veteran will continue to play a larger strategic role in the Bandhan group.

Referring to its Q4 billings as strong, the Japanese brokerage said that strong recovery in Naukri billings suggests a possible bottoming-out of the IT hiring.

The NSE Nifty 50 and BSE Sensex gained about 0.8% last week, led by financials, posting the third straight weekly gain. Meanwhile, a host of analysts shared their tech views on several stocks, which may gain up to 21% in the near term. Here is a list of 6 tech picks from various analysts:

ICICI Bank, Bank of Baroda may yield 15% return. Strong credit growth from retail, business, corporate sectors. Home loans, vehicle finance key. NARCL sales, asset quality, funding costs are significant for investment decisions.

Japan's Nikkei share average rebounded on Monday as investors scooped up beaten-down stocks on the dip, with risk sentiment running high after markets caught the tailwind from a bounce on Wall Street.

K2 Infragen debuts at Rs 167, 40% premium, oversubscribed 50 times. Proceeds for working capital. Revenue Rs 59.4 crore, profit Rs 6.11 crore. Expert in project completion, value chain management.

Yash Optics and Lens listed at Rs 90 on NSE SME with high investor interest. It offers various vision correction solutions and operates in the expanding eyewear market, focusing on the prescription eyewear segment.

Jay Kailash Namkeen debuts on BSE SME platform at Rs 85 with a 16.43% premium. The 16.33 lakh shares IPO was oversubscribed 40 times. They offer Chana Jor Namkeen and entered B2C business in April 2022.

Domestic benchmark indices hit new highs with Nifty leading the gains. Energy, metals, and realty sectors shine, while IT companies' performance remains crucial.

HDFC Bank climbed above crucial moving averages but 1560 will be an important level to track this week which also coincides with 200-DMA (placed at 1557) as well as option chain data suggesting the highest OI (open interest) concentration after 1500 CE. A decisive breakout above 1560 could lead to a short covering rally which could take the private sector lender beyond 1600 levels in the next 3-4 weeks, suggest experts.

Brokerage firm Macquarie has an outperform rating on Marico, Morgan Stanley recommended an Equal Weight rating on Godrej Consumer, JPMorgan has an overweight rating on Titan and Jefferies initiated a buy on IDFC First Bank.

Sensex and Nifty reach all-time highs, BSE market cap hits Rs 400 lakh crore. Retail investors drive growth, leading to unprecedented wealth creation. New listings and IPOs contribute to the gains in the ongoing bull run.

Investors will await clarity on any strategic or organisational changes and capital allocation from new CEO and MD Srini Pallia.

Nifty's breadth remained skewed in favour of the bulls, with 41 stocks trading in the green around 9:20 am while nine in the red.

The Nifty50 saw a negative start and was devoid of any directional bias. It still managed to close with a small gain.