India’s Lok Sabha elections will be held in 2024 and we expect the CV demand momentum to sustain due to the government’s higher spending and push towards Infrastructure, mining, and real estate sectors.

After their heyday of 2008, real estate companies made a comeback in the second half of 2020. Especially the residential part of the real estate. Multiple factors brought them back to the centre stage. Increase in demand taking care of excess inventory, and some saving’s once again shifting toward real estate as an asset class.

In a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monies paid by users. Moreover, GST on online gaming will be imposed without any differentiation of whether it's based on skill or chance.

However, experts are of the view that as long as the stock holds above the neckline of the rounding bottom breakout placed at around Rs 197 level, bulls should be able to take control.

As Nifty forms a new high, more small cap stocks join the party. Right from a contracting company to a garment exporter are making to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

All existing monthly and weekly F&O contracts of HDFC will expire on Wednesday and shall be physically settled. All shareholders of HDFC will get 42 HDFC Bank shares for every 25 shares of its parent company.

Meanwhile, domestic fund houses have added 3 lakh shares in Adani Transmission and further 19 lakh shares in the group's flagship entity Adani Enterprises. According to a report by ICICI Direct Research, mutual funds have also fancied Coal India and JSW Steel in the large cap space.

Foreign institutional investors (FIIs) are in particular worried about the impact of macro uncertainties in developed countries on Indian software exporters. After selling IT stocks worth over Rs 48,000 crore in FY23, FIIs sold another Rs 9,154 crore worth of IT stocks in Q1.

For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 43 and upside potential is up to 32%.

In a major setback to the country's online gaming industry, the GST Council on Tuesday decided to levy a 28% tax on the full value of monies paid by users. Moreover, GST on online gaming will be imposed without any differentiation of whether it's based on skill or chance.

In the month of June, Nifty Midcap and Smallcap index surged about 6%. At the same time, asset management companies (AMCs) remained positive on a few mid and smallcap stocks and added them to their portfolio. As per a report of ICICI Direct, key additions by AMCs in June include Suzlon Energy, IIFL Finance, Bank of Maharashtra and more. Here is a list of the top 10 mid & smallcap picks of mutual funds in June, according to a report by ICICI Direct:

Morgan Stanley maintained an overweight rating on RIL with a target price of Rs 3210. Starting to monetize multiple investments, simultaneously still deploying capital in new areas.The narrative will shift from earnings positively to an upgrade cycle. The net debt is nearing its peak and closer to EBITDA run rate.stocks

HDFC shares earlier this month scaled a lifetime high of Rs 2,926 and its market capitalization swelled to over Rs 5 lakh crore. The stellar growth in HDFC stock over the last 3 decades has been backed by its aggressive expansion plans from being just a retail home loan company.

IT giants TCS and HCL Tech are scheduled to announce their June quarter numbers post-market hours. Investors would also be tracking the CPI number for June which is due today.

Sensex rises nearly 150 points, Nifty near 19,500; Delta Corp, Nazara Tech plunge 9% each; IDFC First Bank, NHPC, BHEL are some of the top movers in the morning trade.

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 KEI and Sun TV while Nooresh Merani has a buy/sell recommendation on Ashok Leyland and Sun Pharma for today's trading session. Check out the targets and stoploss.

India VIX was down by 3.90% from 11.46 to 11.01 levels on Tuesday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones.

The markets had a positive session as they consolidated in a defined range and ended the day with modest gains. The NIFTY opened positive and stayed positive throughout the session. After opening in the green, the index edged up higher and marked the high point of the day in the afternoon. However, it gave up some gains towards the end. But the headline index still managed to end the day with a net gain of 83.50 points (+0.43%).

From the Nifty500 pack, we have collated a list of 11 stocks that witnessed a 5-year swing high at the close on July 11, 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.

Bulls are trying their best to take prices above the range as in the last few days volumes rose. Once it breaches the resistance level of 288, we can expect a sharp up move in the stock.

In the NSE list of stocks, eight 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 11.

The Futures Long Position Scan performed on Tuesday i.e. July 11 revealed Aggressive New Long positions on 8 Nifty counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

GIFT Nifty on the NSE IX traded 9 points, or 0.05 per cent, lower at 19,528, 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.

Six stocks with a market cap of over Rs 10,000 crore crossed above their 200 DMAs (Daily Moving Averages) on July 11, 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 in an overall uptrend.

Economists polled by Reuters expect the consumer price index, scheduled to be released later on Wednesday, to have risen by 3.1% in June, after May's 4% increase. That would be the lowest reading since March 2021.

U.S. consumer price data is due on Wednesday, while a producer prices report is due on Thursday. Several Fed officials said this week the central bank would likely need to raise rates further to curb inflation but that the end of its tightening cycle was getting close.

"Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Aviation watchdog DGCA has put SpiceJet under "enhanced surveillance" amid the budget airline facing multiple financial headwinds in recent months, PTI reported, but the carrier refuted any such development.

"Jamna Auto stock has witnessed a breakout in the RSI and a bullish MACD crossover on the weekly charts implying it can start a fresh momentum in the short-term. The stock now looks poised for fresh life high levels with a limited downside expected in the coming weeks," Gaurav Bissa, VP, InCred Equities, said.

The Hinduja family is reportedly exploring raising up to $1bn to fund its acquisition of Reliance Capital, for which it is the preferred bidder. The financing timeline could take between three and six months, depending on legal issues and court approvals for the acquisition, and the final list of financiers could change, sources said.

Advocate Prashant Bhushan told a bench led by Chief Justice DY Chandrachud that Sebi had changed the definition of "opaque structure" and "related party transactions" in its regulatory framework.

As part of its Lakshya 2026 goals started in April 2022, L&T Finance Holdings targets to increase the share of retail in its loan book to 80% by March 2026, grow the segment at a compounded rate of 25% and keep gross NPAs below 3% of advances.

Tata Steel is challenging the January 13 order where the Delhi High Court directed the National Company Law Tribunal (NCLT) to proceed with the hearing of the avoidance application but said the amount recovered can be distributed amongst the secured creditors in accordance with law as determined by the NCLT.

RBI deputy governor T Rabi Sankar pointed out that transactions through CBDCs bypass intermediaries and are instantaneous. In its aim to increase the acceptability of the CBDC, the RBI will take build on the existing network of the Unified Payment Interface and introduce interoperability for CBDC transactions, Sankar said.

The 11 entities that received notices are - Torus Buildcon, Artifice Properties, Rosestar Marketing, Oscar Investments, Ad Advertising, Zolton Properties, Saubhagya Buildcon, Star Artworks, Vitoba Realtors, Devera Developers and Harpal Singh.

Governor Shaktikanta Das discussed issues relating to strengthening credit underwriting standards, monitoring of large exposures, implementation of External Benchmark Linked Rate (EBLR) guidelines, bolstering IT security and IT governance, improving recovery from writtenoff accounts, and timely and accurate sharing of information with credit information companies.

The seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100. As a result, Nasdaq has announced a "special rebalance" - the first ever of its kind - will be carried out to redistribute the weight of the index's members.

Many investors bought the stock in anticipation of a rally due to an inflow from the passive funds. Analysts said shares of companies that are due to be part of a main index surge because of buying by passive funds, whose portfolios are linked to the stock weights of a benchmark index.

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 stocks with m-cap of over Rs 1000 crore that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

The auto component stock with a market capitalization of nearly Rs 4,500 crore hit a high of Rs 132 on August 1, 2022, and the all-time high is placed at Rs 135.55 recorded on July 4, 2022.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 4 stocks with m-cap of over Rs 1000 crore that have established a bullish engulfing pattern on Tuesday and hint at bullish reversal in the future. (Source: StockEdge)

Investors have already raised their expectations of a 25 basis-point rate hike later this month after last week's jobs report pointed to a resilient U.S. economy

Indian equity indices ended in the green for two consecutive sessions on Tuesday, led by gains in heavyweight stocks, including ITC and Reliance Industries. Nifty, at the close, clocked gains of 0.43% ending at 19,439. Meanwhile, broader markets outperformed the headline indices. Sector-wise, auto, consumer durables and FMCG pack were the top performers.“A decisive upside breakout of 19,500 levels is expected to pull Nifty towards another hurdle of 19,800 levels in a quick period of time. However, any weakness below 19,300 levels could result in a downward correction towards the next support of 19,100-19,000 levels in the near term,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are the stock recommendations for Wednesday:

Williams did not put any numbers on how much tightening he expects from the Fed after it held its overnight target rate range steady last month at between 5% and 5.25%, while signaling it's likely rates will rise a half percentage point more over the course of the year. Strong data is widely seen as pushing the Fed to raise rates again at the end of the month

Indian equity indices ended in the green for two consecutive sessions on Tuesday, led by gains in heavyweight stocks, including ITC and Reliance Industries. Nifty, at the close, clocked gains of 0.43% ending at 19,439. Meanwhile, broader markets outperformed the headline indices. Sector-wise, auto, consumer durables and FMCG pack were the top performers.“A decisive upside breakout of 19,500 levels is expected to pull Nifty towards another hurdle of 19,800 levels in a quick period of time. However, any weakness below 19,300 levels could result in a downward correction towards the next support of 19,100-19,000 levels in the near term,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are the stock recommendations for Wednesday:

​Adani, fresh from a $2.8 billion capital raising, may face intense competition for Vidarbha Industries Power Ltd., which operates the 600-megawatt generation facilities in central India, according to the people, who asked not to be identified as the plans are private.

Indian equity indices ended in the green for two consecutive sessions on Tuesday, led by gains in heavyweight stocks, including ITC and Reliance Industries. Nifty, at the close, clocked gains of 0.43% ending at 19,439. Meanwhile, broader markets outperformed the headline indices. Sector-wise, auto, consumer durables and FMCG pack were the top performers.“A decisive upside breakout of 19,500 levels is expected to pull Nifty towards another hurdle of 19,800 levels in a quick period of time. However, any weakness below 19,300 levels could result in a downward correction towards the next support of 19,100-19,000 levels in the near term,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are the stock recommendations for Wednesday:

Bank of America has been ordered to pay over $100 million to its customers for multiple violations, including double-dipping on some fees, withholding reward bonuses and opening accounts without customer consent. The fines include paying $60 million to the OCC and $90 million in penalties to its organization.

Investors are hopeful that a slowdown in price increases could support a sooner-than-expected end to the Federal Reserve's policy of rapid monetary tightening

The benchmark index Sensex witnessed a substantial rise of approximately 274 points on Tuesday to close at 65,618, while 10 stocks listed on the BSE midcap index achieved new highs or recorded new 52-week highs. The 52-week high is a significant metric for certain traders and investors, serving as an important technical indicator for assessing a stock's present value and forecasting potential price changes. It signifies the highest price at which a stock has been traded in the preceding year.