Data collated by ET showed net interest margins (NIM) for banks have fallen between 10-30 basis points on average between the quarter ended March and June 2023. Only seven out of the 21 banks that have released results so far have managed to hold on to or improve margins compared to March.

The average price target of the 28 analysts, whose ratings and price targets that have been compiled by Bloomberg, is ₹1,161. The stock closed at ₹1,171.55, up 9.6% over the previous close.

The rollover in Nifty futures to August was about 80% against the three-month average of 79%, according to provisional data. A rollover happens when a trader closes the position before expiry and opens a similar new position in the next month's contract. The process happens only in futures contracts.

Short-term traders can look to buy the stock for a possible bounce towards 400 levels in the next 4-5 weeks, suggest experts.

In fag-end sell-off, Indian equities gave up their intraday gains even as most global markets were resilient after the US Fed hiked key policy rates on expected lines. Nifty ended below 19,700 levels at 19,660, down 118 points, while Sensex fell 440 points to 66,267 levels. Meanwhile, broader markets outperformed their headline peers. “For traders now, 19,800 would be the key resistance zone and below the same, the correction wave is likely to continue till 19,600-19,550. On the flip side, above 19,800 the market could rally till 19,875-19,900,” Shrikant Chouhan, Head of Research (Retail), Kotak Securities, said.Here are stock recommendations for Friday:

Meta, the parent company of Facebook, saw its shares surge by almost 8% after a positive second-quarter earnings report. The rise in ad revenue, driven by strong engagement with AI-powered campaigns, was a standout performance, with analysts praising figures showing 12% growth despite the uncertain economic picture.

The offer for sale of Rail Vikas Nigam (RVNL) received 2.73 times subscription from non-retail users. The government decided to offload 3.4% equity on Day 1 and exercise the green shoe option to sell an additional 1.96% stake. Friday is the T+1 day, and retail investors will be allowed to place their bids.

The company is said to be building an ecosystem of one of the largest integrated green hydrogen businesses, including solar modules and wind turbine manufacturing.

IHCL also announces the acquisition of Pamodzi Hotels PLC (presently a listed company in Zambia) from Tata International Singapore PTE for $ 15 million

Ujjivan Small Finance Bank's net profit for Q1 2021 increased by 60% to INR 324 crore YoY, with gross loan book up 30% YoY to INR 25,326 crore. Despite a 40 basis point fall in net interest margin (NIM) to 9.2%, net interest income rose 32% YoY to INR 793 crore. Operating profit also surged 52% to INR 458 crore.

Mid-tier IT company Persistent Systems has seen its stock decline by over 6% since its Q2 earnings were released on 20 July. Lower order book has impacted TCV of new wins for a second quarter. Despite a resilient Q2, net profit fell by 9% to INR228.8 crore ($30.4m), due to a one time expense

The Dow Jones Industrial Average rose 38.67 points, or 0.11%, at the open to 35,558.79.

Dr Lal PathLabs' Q1FY24 net profit surged 44% YoY to INR84 crore due to the rise in non-Covid testing and higher realisations, while non-Covid revenue advanced 10% YoY. In comparison, the pathology chain had posted a net profit of INR58 crore in the corresponding year-ago quarter.

Indian Hotels Company, which is backed by Tata Group, reported revenue from operations of INR14.66bn ($219m) - an increase of 16% YoY for Q1 2018. The hotelier's MD and CEO Puneet Chhatwal called it a "historical" quarter one. IHCL also recorded an upswing in net profit, which rose by 30.3%, or INR236 crore.

The benchmark index Sensex witnessed a significant downturn on Thursday, plunging about 440 points to close at 66,266. Despite this decline, 11 stocks listed on the BSE commodities index managed to reach new highs within the previous 52 weeks. The 52-week high is significant to specific traders and investors as a crucial technical indicator for assessing a stock's present worth and forecasting potential price changes. It signifies the highest price at which a stock has been traded during the past year.

"The name has been changed from 'Adani Transmission Ltd' to 'Adani Energy Solutions Ltd' with effect from 27 July 2023 pursuant to the even dated certificate of incorporation pursuant to a change of name received from the RoC," the company said in a filing.

Sectorally, buying was seen in healthcare, realty, telecom and capital goods stocks while selling was seen in auto, oil & gas, and energy stocks.

Thursday's hike, the ninth in a row, increases the rate that the ECB pays on banks' deposits from 3.50% to 3.75%, its highest level since 2000, before euro banknotes and coins had even been put into circulation.

Indian stock market Nifty fell by 118 points to close at 19,659.90, forming a lower top and bearish candle indicating further correction. The daily Bollinger bands also suggest a short-term consolidation. Support at 10-day EMA at 19,680 has been broken after sustaining for 21 days, showing weakness and a possible

RSI or Relative Strength Index computes the ratio of the recent upward price movement with the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in the technical analysis of stocks and helps to determine the overvalued or undervalued state of the security. This is a downtrend signal as the RSI trends below 50 from above. So, here are all the large and midcaps that provide a downtrend signal. (Source: StockEdge)

Sunil Singhania's Abakkus Emerging Opportunities Fund trimmed its stake in 8 stocks during the last quarter, Trendlyne data shows. Among these, he likely exited one stock as his shareholding fell below 1% during the June quarter. Take a look!

ETMarkets used the ET Mutual Fund Screener to curate a selection of eight top-performing funds that achieved impressive returns of more than 35% over a one-year period. Moreover, they ensured that these funds maintained a low expense ratio compared to their respective categories and filtered schemes with a minimum of 4 ratings. When considering mutual fund investments, it is crucial to prioritize two key factors: high returns and low costs. Returns are determined by the growth of investments within a specific timeframe, while costs refer to the total expense ratio that investors bear when investing in different mutual fund schemes.

In this course, you will learn the key aspects of technical analysis covering all important concepts, terminologies, and analytical tools. The foundational knowledge of this 2-day session will help you to interpret charts and indicators, and optimize your trading strategies.

Discover the power of the Golden Crossover in assessing stock movements as ETMarkets handpicks 10 Nifty50 stocks that have witnessed this bullish pattern. Unravel the concept of the Golden Crossover and its importance in helping potential investors make informed decisions in the dynamic stock market.

Discover the power of the Relative Strength Index (RSI) in evaluating stock movements as ETMarkets handpicks 10 trending up stocks from a pool of 36 reported by StockEdge on July 26, Wednesday

Equity benchmark indices Sensex and Nifty buckled under heavy selling pressure on Thursday as investors pared exposure to bellwether stocks HDFC Bank, M&M, Nestle and Reliance Industries amid a mixed trend in global markets. Besides, the interest rate hike by the US Fed failed to boost sentiments in the domestic market, which saw a steep decline led by banking and auto stocks, traders said. After opening with gains of over 125 points, BSE Sensex plunged 440.38 points or 0.66 per cent to settle at 66,266.82, while Nifty declined 118.40 points or 0.60 per cent to close at 19,659.90.

On July 26, Wednesday, StockEdge reported that over 80 stocks were trading in an overbought zone. ETMarkets has carefully selected 10 stocks from this group, offering potential investors a unique opportunity to explore the importance of the RSI in assessing stock movements

On July 26, Wednesday, StockEdge reported 23 stocks trading in the overbought zone but exhibiting a bearish or declining RSI trend. ETMarkets has handpicked 10 of these stocks, providing potential investors with valuable insights on interpreting RSI data for informed decision-making.

Laurus Labs Q1 consolidated net profit fell 90% YoY to INR25 crore due to lower sales and elevated expenses. The API business reported a 2% growth in revenues to INR597 crore, however, sequentially it experienced a 16% decline. Indian Energy Exchange recorded a 10% YoY rise in consolidated

Sunil Singhania's Abakkus Emerging Opportunities Fund trimmed its stake in 8 stocks during the last quarter, Trendlyne data shows. Among these, he likely exited one stock as his shareholding fell below 1% during the June quarter. Take a look!

In the Sensex pack, M&M was the top laggard, falling over 6%, as the company disclosed plans to expand its footprint in the banking sector by picking a stake in private sector lender RBL Bank. Tech Mahindra, Nestle, Bajaj Finance, Axis Bank, JSW Steel, Kotak Bank and ITC also ended in the red.

The healthcare sector's impressive performance in the stock market highlights these companies' commitment to innovation, research, and delivering quality healthcare solutions to patients worldwide.

RSI is a widely used technical indicator in the world of stock trading. It provides valuable insights into a stock's overbought or oversold conditions, helping investors gauge potential price movements

Nine stocks crossed their 20-day Simple Moving Average (SMA) on July 26, 2023. Balkrishna Industries and Siemens stand out, along with other prominent companies like Torrent Power and Bajaj Electricals, showcasing positive market momentum and growth potential.

The article focuses on the notable stocks that crossed their 200-day Simple Moving Average (SMA) on July 26, 2023, showcasing strong market resilience. Lux Industries and Shree Cement lead the pack, along with other prominent companies like Biocon and Eicher Motors, reflecting positive market sentiment.

For some of these top midcaps, Stochastic has been trending down to below 50 levels (StockEdge). Herein, this implies that the stock price shall trend lower.

BSE MidCap Index stocks achieved new 52-week highs on July 27. Leading the charge were Colgate-Palmolive and Lupin, alongside other prominent companies like Godrej Properties and Oberoi Realty, showcasing their strong growth potential in the dynamic market

Seven stocks crossed their 100-day Simple Moving Average (SMA) on July 26, 2023. Tata Chemicals and Infosys take the lead, along with other prominent companies like Solar Industries India and Eicher Motors, reflecting positive market sentiment and growth potential

Here is a list of 5 potential stocks that can fetch you better growth, good momentum, and can rally up to 22%. Take a look (Source: MOSFL)

Shares of HDFC Asset Management, UTI Asset Management, and Aditya Birla Sun Life AMC fell by up to 2% after Reliance Group's Jio Financial Services announced that it will launch an asset management company in partnership with US-based BlackRock. The companies are targeting an initial investment

"Netweb Technologies is well-positioned to benefit from the growth of the high-end computing market in India, as it has a strong focus on the niche business segment of high-end computing solutions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

The Indian sugar sector has gone through a transformation. From being just a provider of an essential commodity, to being the largest provider of ethanol. Some companies have shifted their focus and have gone through restructuring by hiving off their ethanol unit to focus on ethanol only. As the underlying macro changes sugar companies are making a comeback on the analyst list.

However, the company has issued a clarification, saying that "the company is not aware of any event that requires disclosure under Listing Regulations. The company will make appropriate disclosure in compliance with the listing regulations as and when any such requirement arises."

ETMarkets has collated a list of major large and midcap stocks whose MACD line has crossed above the signal line. This is typically seen as a bullish signal, suggesting the price of the stock can tick higher. Please note, the data is based on the previous day’s data (July 26, 2023).

“The Federal Reserve's statement keeps the door open for future rate hikes, but prioritizes data-driven decisions,” said Radhika Gupta, MD & CEO, Edelweiss MF. “Vigilance towards inflation risks remains a key focus for the rate-setting committee.”

In its latest analysis, ETMarkets focused on stocks where major institutional investors, like Foreign institutional investors (FIIs), have been reducing their stakes. Among BSE-listed stocks with a market cap of over Rs 500 crore, there were about 83 stocks that saw a decline in FII ownership in each of the last four quarters (September '22 to June '23). Despite this continuous decrease in FII holding, approximately 50 out of the 83 stocks managed to deliver positive performance in the last year. Our analysis highlighted nine standout stocks that saw remarkable surges ranging between 60% to 120% in a year. (Data Source: ACE Equity).

As the headwind for the auto sector starts to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

With the earning rush picking up on Friday, investors also had more reason to be cautious since Thursday's notable stock market laggards, including chip-testing equipment maker Advantest and Nissan Motor, were due to results-driven losses.

It has completed acquisition of 32.75 per cent of the paid-up share capital of Satiya Nutraceuticals through primary infusion and secondary buyouts, completed on July 26, 2023.

Having doubled down its bet on Adani Group stocks in the past few months, GQG Partners has seen the market value of its investments soaring, thanks to the rally in the stocks. The sharp upmove in shares of most of the Adani Group companies since April has taken the total market value of GQG Partners’ investment to nearly Rs 25,000 crore.