Should you buy Reliance shares for windfall gains before the record date? To be eligible for the value unlocking by billionaire Mukesh Ambani, you must be a Reliance shareholder before the record date of 20 July, which means that the last day to buy the stock is July 19. Watch the video.

The strong earnings show was led by a phenomenal performance by its OTT platform- JioCinema during IPL cricket league, a PTI report said. The company had posted a net profit of Rs 60.02 crore in the April-June period of the preceding fiscal, TV18 Broadcast said in a regulatory filing.

Momentum indicators RSI and MFI showed that the stock was trading in the mid-range of 50 and 67, respectively. A number above 70 indicates that the stock has entered the overbought zone.

While mutual funds marginally reduced their holdings in One97 Communications and PB Fintech, money managers have overall held a positive view on both the stocks. Last month, barring Delhivery, all other stocks gave double-digit returns to investors.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.

A dozen years and some 14,800% later, Koney isn’t satisfied. He still sees lots of room for additional gains as the company releases a “tsunami” of new cars in the coming years. At the same time, he expects the auto industry to undergo a massive consolidation as it makes the challenging shift away from combustion engines.

Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard.

The Nifty slipped a little but managed to get its poise back and stay ahead.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Shareholders of RIL will get 1 share of the demerged entity for every 1 share held by them in the conglomerate.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Aurobindo Pharma and Bharat Forge while Nooresh Merani has a buy/sell recommendation on Hero Moto and Bosch for today's trading session. Check out the targets and stoploss.

Can Fin Homes’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 750 and 800. Let’s plan a trade around this.

RIL has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger scheme, RIL shareholders will get 1 share of the demerged entity Reliance Strategic Investments for every 1 share held by them in the conglomerate.

Buying was broad-based across market segments and sectors with IT and bank stocks leading the show. Among Nifty stocks, NTPC rallied over 3% after Goldman Sachs initiated coverage on the PSU counter with a buy rating.

The base of the index is shifting higher. It is forming a higher high formation from the last four sessions. “Now, Nifty has to hold above 19,650 zones to extend the move towards 19,850 then 20,000 zones while on the downside support is intact at 19,650 and 19,515 zones,” recommended Taparia.

Fresh highs on D-St! Sensex jumps 250 points, tops 67K; Nifty above 19,800; IndusInd gains 3%, NTPC 2%; Vodafone Idea, IndusInd Bank, Infy are some of the gainers in the morning trade.

IndusInd Bank on Tuesday reported a 32.5% year-on-year (YoY) rise in the net profit for the quarter ended June to Rs 2,124 crore. An ET Now poll estimated the profit at Rs 2,100 crore. Net interest income, the difference between interest earned and interest expended, rose 18% YoY to Rs 4,867 crore. The bank’s operating profit, before provisions and contingencies, grew 13% YoY to Rs 3,830 crore.

"Tesla, Amazon, Apple, Microsoft, Google, Facebook and Nvidia were the top stocks traded on our platform, which saw trading volumes grow by 37% in H1 2023 compared to H2 2022, while buy transactions went up by 41%," said Viram Shah, CEO and cofounder, Vested Finance, an online investment platform that deals with US stocks.

In the Nifty500 pack, we have collated a list of four stocks that witnessed a 5-year swing high at the close on July 18, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.

GIFT Nifty on the NSE IX traded 6 points, or 0.03 per cent, lower at 19,797.50, signaling that Dalal Street was headed for muted start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

The survey also found, however, that more investors are expecting a "soft landing" for the economy, with 68% anticipating that scenario while expectations for a "hard landing" faded.

Seven stocks with a market cap of over Rs 1000 crore crossed above their 200 DMA (Daily Moving Averages) on July 18, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Six stocks with a market cap of over Rs 1,000 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 18.

On the Futures Short Position scan on July 18, 5 counters from the midcap pack saw aggressive short covering. In such a scenario, the stock’s cumulative open interest decreases whereas the price, average traded and delivered quantity for 5 days increase.

Bulls have the upper hand as the stock has formed a Higher Top Higher Bottom pattern. At a higher level, the price is moving in the range of 945-1020 levels. On Tuesday, with relatively high volumes, the price breached the distribution phase and closed below the lower level of range. From here, some more downside in likely.

Inflation is falling, with the headline consumer price index (CPI) measure slowing to 3.0% in June from 4.0% in May. That led many observers on Wall Street to conclude inflation might soon be tamed, prompting some to renew bets that rate cuts could happen by as soon as the end of 2023.

Dovish remarks from a European Central Bank policymaker boosted bonds and dragged the euro lower. Hotter-than-expected inflation lifted the New Zealand dollar a little and stoked some market nerves ahead of British CPI due later in the day.

Bank of America gained 4.42% after its profit beat expectations by earning more from customers' loan payments, while investment banking and trading fared better than expected. Shares of other banks also rose on Tuesday, with Bank of New York Mellon up 4.11%, and PNC Financial up 2.51%, after they reported quarterly results.

"Voltas stock is trading near 20-year rising trendline support on the monthly charts. The stock is also trading near the previous swing high breakout retest area around 720 which makes it a lucrative buy for an upside till 850 levels for the next few months," Gaurav Bissa, VP, InCred Equities, said.

IndusInd Bank posted 33% rise in net profit for the quarter ended June to Rs 2,124 crore. Total income for the quarter increased 28% YoY to Rs 12,939 crore.

Power costs are about 25-30% of the total expenses for aluminum companies, and the recent reduction in coal prices is expected to boost operating profit. From an all-time high of more than $450 per tonne last year after Russia's invasion of Ukraine and higher usage by Europe, thermal coal prices are now at their lowest level in more than two years.

Vidarbha Industries is a subsidiary of Anil Ambani's Reliance Power. Varde Partners, bidding alongside Aditya Birla ARC, had also offered to fund the promoter's one-time settlement offer of ₹1,260 crore, but the lenders did not proceed with it

"Tesla, Amazon, Apple, Microsoft, Google, Facebook and Nvidia were the top stocks traded on our platform, which saw trading volumes grow by 37% in H1 2023 compared to H2 2022, while buy transactions went up by 41%," said Viram Shah, CEO and cofounder, Vested Finance, an online investment platform that deals with US stocks.

For the first time in eight quarters, Indian corporates' aggregate revenue could see a decline as demand slowed and commodity prices fell, but profitability may improve marginally as raw materials prices eased, said Crisil.

The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture.

It will be a special pre-open session for the purpose of price discovery in Reliance Industries shares (excluding the financial services business following the demerger).

The Sensex closed at a record 66,795, up 205.21 points, or 0.31%, from the previous record-high closing of 66,589. The index topped 67,007 in the late morning trade before paring some of its gains. The Nifty, too, made a fresh all-time closing high of 19,749, up 37.80 points or 0.19%. It scaled a new high of 19,819, beating Monday's record of 19,731.

On the candlestick screener scan performed on Tuesday, a bullish reversal pattern helps identify stocks that can move upwards from a downward zone. So, here are 9 stocks with m-cap over Rs 1,000 crore that have established a Bullish Cross pattern and hint at a bullish reversal in the future. (Source: StockEdge)

"We think the bank's current valuation of 2.9x FY24E BVPS (pure bank) does little justice to its compounding potential and low balance-sheet risk," said BNP Paribas Securities in a note to clients.

A bearish reversal scan on the candlestick screener can help ascertain stocks that can slip downwards from an upward zone. So, here are 4 midcaps that established a Hanging Man pattern on Tuesday and signal a bearish reversal. (Source: StockEdge)

The stock has hit a 52-week high of Rs 1,063 on July 20, but failed to hold on to the momentum. It closed at Rs 763 on July 17, which translates into a fall of over 28%. The stock has found resistance around Rs 720-730 levels multiple times in January, February and March 2020, and retested the above support area again in January 2023. It then bounced back

At 11:38 a.m. ET, the Dow Jones Industrial Average was up 352.71 points, or 1.02%, at 34,938.06, the S&P 500 was up 14.90 points, or 0.33%, at 4,537.69, and the Nasdaq Composite was down 14.91 points, or 0.10%, at 14,230.04.

ESM rules were introduced on June 4 for highly volatile micro-small cap companies with a market cap of less than Rs 500 crore. Many investors complained that they could not exit these stocks as they are traded once a week. A company Mercury EV Tech has challenged the new rule at the Securities Appellate Tribunal (SAT).

According to bulk deal data available with the exchanges, Clarios ARBL has offloaded about 2.39 crore shares in the company at a price of Rs 652.9. According to latest shareholding data, the company is majority owned by public shareholders at 71.94% stake, while promoters own the rest 28.06%.

Under the existing ESM framework rule, stocks were allowed to trade only once a week. However, trading in them will now be allowed on all days, the exchanges said in a circular.

Benchmark indices continued their euphoric rally relentlessly for the fourth day on Tuesday, reaching new all-time high closing levels, amid fresh foreign fund inflows and a positive trend in the US and European markets. Robust buying in IT major Infosys also contributed to the domestic benchmark indices optimism.Nifty ended Tuesday’s session at 19,759, while Sensex advanced another 205 points and settled at 66,795. Broader markets, meanwhile, ended with losses.Sectorally, all the indices ended in the red barring Nifty IT, Nifty Private Bank and Nifty Oil and Gas.“The global market scenario remains favorable for the bullish sentiment. The weakening of the US dollar and the resulting capital inflows into emerging markets can provide resilience to the market,” said Ameya Ranadive CMT CFTe, Equity Research Analyst, Choice Broking.Here are the stock recommendations for Wednesday:

Euro zone government bond yields hit their lowest since June, led by the benchmark German 10-year bond, as economic data and comments from ECB officials suggested the current tightening cycle may be over soon. Some analysts argued that the ECB might leave the deposit facility rate at 3.75% in September, following a potential inflation forecast revision.

According to data available with the exchanges, Rekha Jhunjhunwala has offloaded 97 lakh shares or nearly 5% stake in the company. The transaction was done at a price of Rs 215 apiece, fetching the investor about Rs 208 crore. Rallis India has recently announced its first quarter earnings, where it has recorded a revenue of Rs 782 crore, down from Rs 863 crore clocked in the previous year quarter.

His remarks came in response to a question on whether the central bank saw the need to tweak YCC at its rate review later this month.Under YCC, the BOJ guides short-term interest rates at -0.1% and buys huge amounts of government bonds to cap the 10-year bond yield around 0% as part of efforts to fire up inflation to its 2% target

Dow rises 11.73 points at the open; Nasdaq Composite drops 33 points

On Tuesday, the benchmark index Sensex experienced another remarkable upswing, advancing approximately 205 points and concluding at yet another lifetime high level of 66,795. Amid this impressive climb, 7 stocks listed on the BSE commodities index reached new peaks within the past 52 weeks. The 52-week high serves as a vital technical indicator to evaluate a stock's current value and predict potential price fluctuations. It represents the highest price at which a stock has been trading in the preceding year