The Dow Jones Industrial Average fell 6.88 points, or 0.02%, at the open to 38,989.51.

Indian blue-chip indices Nifty50 and Sensex hit record highs on Friday, logging third straight weekly gains, led by banking, financial, auto and energy stocks. The S&P BSE Sensex closed 1.72% higher at 73,745, while the NSE Nifty50 index ended above the 22,300 level."The short-term trend of Nifty remains positive and the sharp upside breakout of Friday is expected to continue in the coming sessions. The next upside targets to be watched around 22,500-22,600 levels. Immediate support is at 22,200 levels," said Nagaraj Shetti, senior technical research analyst, HDFC Securities.Here are 5 stock recommendations for Saturday:

The unique investor registrations at NSE have witnessed an accelerating trend over the last few years. While the increase from 6 to 7 crore unique investors took about nine months, the next crore investors came in 8 months, and the jump from 8 to 9 crore took just 5 months. The benchmark index Nifty 50 has risen 27% in 2024 so far, while the Nifty 500 delivered a 38% return.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Friday's trading session, five stocks witnessed a top long- unwinding. Here's the list:

It has added 57 stocks to the S&P BSE MidSmallcap index, and 58 stocks to the S&P BSE Allcap index.

Dalal Street hit fresh record highs on Friday, with Sensex rising over 1,000 points, and Nifty crossing the 22,300 level for the first time. So, what fueled today's blockbuster rally on Dalal Street? In this video, We'll walk you through the four factors behind the surge.

Nifty has broken out of a Running Triangle pattern, indicating the start of a fresh leg of up move. The daily Bollinger bands have begun to expand and prices trading along the upper band indicate that there could be sharp trending moves on the upside. We expect Nifty to target 23,000 – 23,100 in the short-term. On the downside, the zone of 21,900 – 21,860 shall act as a crucial support zone.

Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view from extreme bearishness to bullishness. In Friday's trading session, 5 stocks saw top short covering. Here's the list:

But on rare occasions, bourses may choose to keep the market open on the weekend as was seen during the 2020 Budget when the BSE and NSE were open for trading as February 1 fell on a Saturday.

The March series has started with FIIs’ long-short ratio in index futures at 0.54, JM Financial said as it highlighted how on the back of underperformance in the midcap space long-short ratio on stock futures stood at 1.05, which is its lowest level in the last three series observed on the day of inception.

The last week of March will be among the shortest trading weeks in 2023 with just three working days. Before this the third week of January had just three trading sessions due to the Ram Mandir Inauguration and Republic Day.

Here's a look at key macro events that can impact the stock markets in March. (Source: Prabhudas Lilladher)

When it comes to tourism and hospitality, the first thing which comes to mind is airlines and hotels. However if one looks at the whole industry, there are very special and niche players who are part of the whole ecosystem. Right from a digital ticket booking player who has a monopoly to airport lounge service provider which has the maximum market share, to a company which not only sells packages for travel but also has other business which are related to one or the other part of the travel. So, when the debate has settled that as a sector travel and tourism is the one which is likely to have better growth than it has seen in the past then it is probably time to bring these niche players on the watchlist.

An MBA graduate was duped through an ad on social media about investing in the market. The woman joined the link shared in the advertisement and was added to a WhatsApp group. Then she was asked to download an application and a virtual trading account was created.

Zomato's shares hit a record high as its profitability improves, making it India's most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth.

The Supreme Court's diktat comes as a negative surprise for the hospitals as their pricey valuations have triggered panic on D-Street as investors rushed to book profits in these counters. Hospital stocks were trading with deep cuts on Friday

Indian shares advanced on Friday, led by banking, auto, metal, and energy stocks, as faster-than-expected domestic economic growth and in-line U.S. inflation data boosted sentiment. Meanwhile, in today's trade, six Nifty50 stocks hit a new 52-week high. Here's a list:

The special session on Saturday, March 2 is divided into two sessions. The first involves live trading from the primary site and starts from 9:15 am to 10 am. Pre-open timings are from 9 am to 9:08 am. The second session involves a switchover to the disaster recovery site and will run from 11:30 am to 12:30 pm.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday’s trading session, four stocks witnessed a build of fresh short positions. Here's the list:

Hot-rolled steel finds applications in sectors like automobile, agriculture etc, while cold-rolled steel is used by industries manufacturing, construction and home appliances, among others.

The Nikkei ended at a new closing high of 39,910.82, moving past a record intraday peak of 39,426.29 set earlier this week. The index closed the week higher with a 2% jump.

“We expect persistent oversupply to weaken Tata Chemicals’ profits and credit metrics in FY25, before a gradual recovery from FY26,” the global ratings agency said.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Friday's trading session, four stocks witnessed a build of fresh long positions. Here's the list:

In the correction that markets saw in the last four trading sessions, the financial sector stocks, right from banks to other players also declined. But if one looks at the magnitude and the internal breadth of the sector it was much better as compared to a month back when the market correction was started by HDFC bank. There was a bit of profit booking in the PSU bank space, but once again after a small corrective move, things were back with a strong intraday recovery. The way things are panning out in the industry with regulatory tightening taking place, there is very likely that we might see a divergence in performance of different segments of this sector which has the highest correlation with the GDP growth. Better balance sheets and strong franchise are likely to be the differentiating factors. The factor which is largely technical in nature is the shareholding patterns that will also impact the performance of the stocks from this sector.

Technology integration has become a pivotal force in driving efficiency in various facets of businesses. The stock market stands as no exception to this transformative wave.

The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the project of the JV under India’s semiconductor scheme on February 29, 2024.

Tata Electronics Private Limited will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC), Taiwan. This unit will be constructed in Dholera, Gujarat. The plant will attract Rs 91,000 crore investment.

Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the next 3-4 weeks, suggest experts.

Indian equity indices gained as faster-than-expected domestic economic growth and in-line U.S. inflation data boosted sentiment. BSE Sensex surged 700 points, Nifty50 eyed 22,200 level. Market cap on BSE increased by Rs 3.23 lakh crore.

Suven is an integrated pharma and specialty chemical CDMO company. It has grown at 16%+ CAGR over the last 10 years and has 40%+ EBITDA margins according to claims made in the filings.

JSW Steel’s daily trend is sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 800 and 900. Let’s plan a trade around this.

More than 200 smallcap stocks saw a double-digit fall in February, and experts believe that the selling pressure will prevail for some more time.

The selling in this space intensified this week after capital market regulator SEBI raised concerns over the steep run in the midcap and smallcap stocks and the unprecedented inflows that these funds have also seen in the last one year.

Low PE stocks are considered as value stocks, which are best suited for long-term investment horizons. Adani Power, Federal Bank, and Jamna Auto Industries are trading at lower PE than their respective industry PE, according to Trendlyne data. Meanwhile, these stocks belong to different industries and can rally up to 27%, Trendlyne data suggested.Here is a list of 6 stocks from the Nifty500 index with below industry PE levels that can rally up to 27%:

Nifty opened flat and failed to achieve any directional bias. It managed to close with a minor gain.

Indian equity indices gained as faster-than-expected domestic economic growth and in-line U.S. inflation data boosted sentiment. BSE Sensex surged 700 points, Nifty50 eyed 22,200 level. Market cap on BSE increased by Rs 3.23 lakh crore.

JM Financial maintained a buy rating on Go Fashion with a target price of Rs 1285. Go Fashion’s 9MFY24 performance has been below expectation, especially on the SSSG front, which, the brokerage firm believes, is more a function of the weak macro environment.

Take Inox Wind Energy for example. In Q3, MF ownership fell 112 basis points to 3.75% while MF stake also fell 10 bps to 1.10%.

From the Sensex pack, Tata Steel, M&M, Tata Motors, Maruti, JSW Steel, and Power Grid opened with gains, while Sun Pharma, Infosys, Nestle India and HUL opened with cuts.

Paytm had announced earlier that it would sign up new partnerships with other banks and take measures to provide seamless services for its customers and merchants. In its intimation to stock exchanges on Feb 1, 2024, the company had indicated the possible financial impact.

Sadhav Shipping's IPO on NSE SME platform received a strong response, with shares debuting at a 42% premium. The net proceeds will be used for debt repayment, capex funding, and the company owns marine assets and provides port operation services.

The company is the go-to partner for banks seeking to provide complimentary access to paid airport services lounge and this is a highly profitable and asset light model.

From the Sensex pack, Tata Steel, M&M, Tata Motors, Maruti, JSW Steel, and Power Grid opened with gains, while Sun Pharma, Infosys, Nestle India and HUL opened with cuts.

MSCI's broadest index of Asia-Pacific shares outside Japan, however, fell 0.1%, weighed down by a 0.2% drop in Hong Kong's Hang Seng index. The Asia index is set for a weekly loss of 1%.

Stocks that were in focus included names like Infosys, which rose 0.16%, Shriram Finance, which jumped 3.8%, and Hindustan Copper, whose shares increased 6.44% on Thursday.

Dell Technologies, which sells AI-optimized servers made with Nvidia's high-end processors, rose 1.51% ahead of its report after the bell.

The Santa Clara, California-based company controls about 80% of the high-end AI chip market, with customers including ChatGPT creator OpenAI, Microsoft, Alphabet and Meta Platforms snapping up tight supplies of its components to compete in the fast-emerging generative AI sector.

“Voltas has been consistently moving from the last three months and follow-up is strong on the weekly frame. Traders can buy for a target of Rs 1160 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

The Rs 70,352 crore ($8.5 billion) merged entity, in which RIL will infuse Rs 11,500 crore, will have a viewership share of more than 40%, enabling it to secure premium advertising rates and consumer average revenue per user (ARPU), they said. The failure of Zee Entertainment Enterprises and Sony Pictures Networks India to merge is expected to benefit Star-Viacom18, which would have had to contend with a duopoly if the Sony-Zee merger had also gone through.