Four stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on July 31.

Nifty futures traded 4.5 points, or 0.02 per cent, higher at 19,890.50, signaling that Dalal Street was headed for a muted start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet, Meta Platforms as well as chipmakers Intel and Lam Research posted strong quarterly earnings.

“PNB reported ~300% yoy earnings growth (low base), driven by ~10% growth in operating profit. We retain a buy rating, with a target of Rs78 (25% upside from Rs 62), valuing the bank at 0.8X BVPS (adjusted) and 6X June 2025 EPS,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

Power Grid's consolidated net profit fell 5% to Rs 3,597 crore in the first quarter. The company's Board has also recommended the issue of bonus shares in the ratio of 1:3.

Companies are struggling to prepare themselves for the new regulations, some of which are in place while others will take effect in the next few months, executives said. The new rules include confirmation or denial of market rumours, disclosing business contracts to family settlements, matters concerning senior employees, new environmental, social and governance regulations, communicating actions taken by any authorities, the companies say.

The ₹3.7-lakh-crore bank, among the four large lenders that make up India's top fifteen companies by market capitalisation, also denied a report that the RBI had directed it to reduce its stake in insurance ventures.

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.

Company performance allays fears of the execution risk of consistent compounding, competition, and ability to maintain margins

In aggregate terms, bank loans advanced 16.3% in June. Retail loans climbed more than a fifth on year, supported mainly by home and vehicle loans, the latest central bank data showed. Bank loans to non-bank lenders climbed, and so did the disbursements to large companies.

Apple is the biggest component of the Nasdaq 100, comprising nearly 12% of the index weight. The stock has risen about 1% in July and is poised to close out a seventh straight positive month.

The PSU banking stock recorded a breakout from the swing high of Rs 62.05 recorded on December 15, 2022, earlier in July. Post the breakout on July 19, the stock is undergoing some profit booking. Long-term investors can use dips to buy into the stock for a period of 12 months where the stock may surpass 70 levels amid strong earnings growth, suggest experts.

Investors await quarterly reports from Apple, Amazon.com and AMD later this week, while July ISM Manufacturing reading and three sets of employment data, including July's non-farm payrolls, are also in focus.

Investors await quarterly reports from Apple, Amazon.com and AMD later this week, while July ISM Manufacturing reading and three sets of employment data, including July's non-farm payrolls, are also in focus.

The deal, worth up to $142 million, includes delivery of vertical takeoff and landing (eVTOL) aircraft, pilot training, development of maintenance and repair operations, and share data such as additional flight test and certification-related test reports.

Shareholders, who are represented on board, have committed to subscribe 184 million pounds, of which 115 million pounds worth of shares will be bought by Yew Tree Overseas, Public Investment Fund, Geely International (Hong Kong) and Mercedes-Benz AG.

The bonus equity shares will be issued out of the securities premium account, as on June 26. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company.

The Group's valuation hit Rs 50,000 crore in February 2020. This shows 2x growth in market capitalisation in the past three years - driven by robust financial performance, sustained growth trajectory and expansions in business and new geographies, market insiders believed

LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on standalone basis, which will take its total scheme count to 38

Indian equities broke a two-day losing streak and ended higher, led by gains in the heavyweight counter Reliance Industries. Nifty gained 0.55% or 108 points to settle at 19,754, while Sensex advanced 367 points or 0.56% to 66,527. Sector-wise, only FMCG and healthcare indices ended in the red, while all other indices saw gains, with the metal pack topping the list"As far as levels are concerned, 19600 is likely to act as a cushion, while the pivotal zone of 19500, coinciding with the 20 DEMA, is expected to act as sacrosanct support. On the higher end, a cluster of resistances can be seen around 19800 - 20000 in the comparable period," said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel OneHere are the stock recommendations for Tuesday:

Capgemini (CAP) retained its guidance of 4-7% YoY CC growth for CY23, but now expects full-year growth at midpoint vs the above-midpoint expectation in the previous quarter. Here are 5 key takeaways from its performance for the Indian IT sector. (Source: ICICI Sec)

Dow rises 7 points, S&P 500 opens higher by 3 points while Nasdaq gains 21 points at the opening bell

Tata Consultancy Services (TCS), the largest IT services company, overtook HDFC Bank to become the second most valued firm in India on Monday. TCS commanded a market capitalisation of INR 12,51,798.07 crore, which was INR 6,049.69

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Further, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.

The July Auto sales data will start trickling in from August 1. Here's what to expect from the top automakers of Dalal Street. (Source: ETNOW)

Sectorally, buying was seen in infrastructure, utilities, power, public sector and capital goods while selling was seen in FMCG and healthcare stocks. Stocks that were in focus on Monday include names like BLS International, which rallied more than 14% to hit a fresh 52-week high; Hindustan Copper, which gained over 10%, and IRFC that closed over 9% higher to hit a fresh 52-week high

After forming a series of higher highs and higher lows over the last 2 months, Nifty seems to have formed minor degrees of lower highs and lower lows in the last 4-5 sessions amidst range movement. This pattern could be reflecting ongoing consolidation in the market.

In this article, we explore the concept of RSI, its significance in analyzing stock trends, and delve into the top 10 stocks, carefully selected by ETMarkets, that are currently trading in the overbought zone with bearish RSI trends, based on data sourced from StockEdge on July 28, Friday

"The Board decided to honor, with a special dividend - One for Each Magnificent Decade -in which Mr Naik transformed L&T.The Rs 6 dividend to shareholders is only a token of our affection, esteem, and, most importantly, gratitude towards A M Naik," SN Subrahmanyan said.

The Golden Crossover is a popular technical chart pattern that occurs when a stock's short-term moving average (usually the 50-day Simple Moving Average or SMA) crosses above its long-term moving average (typically the 200-day SMA). This formation is considered a bullish signal, suggesting a potential upward trend in the stock's price

The Relative Strength Index (RSI) is a popular momentum oscillator used by traders and investors to gauge the speed and change of price movements in a stock

As observed on July 28, 2023, stocks crossing their 50-day SMA have presented potential opportunities in various sectors, such as fintech, power generation, chemicals, pharmaceuticals, industrial manufacturing, packaging, energy, hospitality, and specialty chemicals.

The Relative Strength Index (RSI) is a powerful tool that helps investors assess stock movement and momentum. RSI values above 50 indicate an uptrend, while values below 50 suggest a downtrend. ETMarkets handpicked 10 trending stocks based on upward momentum in their RSI

India's State Bank of India (SBI) accepted bids worth INR100bn ($1.22bn) for 15-year infrastructure bonds at a rate of 7.54%. The lender received bids totalling around INR217bn against its base of INR50bn. Strong demand

In this article, we delve into the significance of the Relative Strength Index (RSI) in stock trading and explore the top 10 stocks, identified by ETMarkets, which witnessed a downward trend in RSI on July 28, Friday

In 2014, the Japanese automaker proposed to set up a separate manufacturing unit in Gujarat, to tap the fastest-growing demand.With an aim to tap domestic demand and drive exports from India, Suzuki Motor established SMG in March 2014. In October 2020, SMG became the fastest production site of Suzuki to achieve accumulated automobile production of 1 million units.

ITC demerger has been making headlines ever since its announcement. The company told analysts that it won't be a buyer in case a large shareholder like BAT wants to exit the hotel business following its demerger into a new subsidiary.

Tata Chemicals and Whirlpool of India showcased strong bullish momentum as their stock prices crossed above the 200-day Simple Moving Average (SMA). This indicates positive market sentiment and potential upward trends for these companies.

Benchmark equity indices Sensex and Nifty closed over half a per cent higher on Monday, snapping their two-day falling streak on buying in index majors Reliance Industries and Tata Consultancy Services and firm global cues. The 30-share BSE Sensex jumped 367.47 points or 0.56 per cent to settle at 66,527.67. The index opened lower but later rebounded from early lows and hit a high of 66,598.42 as power, oil, IT and FMCG shares advanced. The NSE Nifty climbed 107.75 points or 0.55 per cent to end at 19,753.80.

Companies like IRCTC, Laxmi Organic Industries, Gujarat Gas, Petronet LNG, Eicher Motors, and TCNS Clothing, showcasing strong performance in their respective sectors. Let's explore the performance of these stocks.

As per the stochastic oscillator i.e.a momentum indicator, some of the below-specified largecaps are in the oversold zone. As per the Stochastic indicator, the stock is said to be in an oversold zone when the slow Stochastic value is below 20.

The interests earned during the quarter stood at Rs 289.14 crore, up 12% year-on-year from Rs 258.37 crore in Q1FY23. Interest expended was Rs 170.51 crore, up 20.8% YoY from Rs 141.07 crore in April-June quarter of the last financial year

In the Sensex pack, NTPC and Power Grid were the top gainers, rising over 3% each. Tech Mahindra, Tata Steel, TCS, Wipro, Maruti, JSW Steel, and Tata Motors also ended with gains. On the flip side, Bajaj Finance, Kotak Bank, HUL, ITC, and Bharti Airtel ended with cuts.

Marico's June quarter performance and outlook drew varied opinions from brokerages post the earnings. While Motilal Oswal has dubbed the company's focus on diversification towards food and digital first brands to do the trick for the company, Nuvama revised its targets upwards. Kotak expects top line growth to remain muted.

The candidate applying for the position is required to have at least 20 years of experience in dealing with problems related to the securities market or special knowledge or experience of law, investigation, finance, economics and accountancy, among others.

Revenue from operations during the reporting quarter increased 17% year-on-year (YoY) to Rs 3,664 crore. The company had clocked revenues of Rs 3,132 crore in the year-ago period.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are 5 Nifty 500 largecaps that signal a possible uptrend in the near term. Note: The data is of the previous trading session i.e. July 28 as today’s data is updated EoD. (Source: StockEdge). In case, the RSI moves higher above 50, this is a bullish signal.

The Indian stock market experienced an exciting day of trading on July 31, with the BSE LargeCap segment witnessing a surge in multiple stocks. Reaching a new 52-week high indicates a strong positive sentiment around these companies, possibly presenting potential investment opportunities.

Piramal Enterprises reported a profit of INR 508.78 crore ($68.65m) in the June quarter compared to INR 8,155.47 crore ($1.1bn) in the same period last year. The earnings saw Piramal's stock plummet 8% to INR 986 in BSE trading. The firm has also revealed plans to buy back up to INR 1,750 crore ($235.7m) worth of shares at a price of INR1,250 ($16.87) per share. Piramal's stock has risen more than 20% this year.