Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis.

Sircar was appointed executive director and group CFO of Azure Power Global - the parent unit of an Indian renewable power generating company - from May 1, 2023. Before this, he was appointed independent director in October 2022.

"Our own expectation is that they aren't going to change anything on the rates front for the rest of this fiscal year," said Radhika Rao, economist at DBS in Singapore. "Cuts will mostly take place in March 2024, which will be preceded by a change in stance, and a much more cautious commentary on growth."

Mirror trading is a technique that allows an individual to copy the trade of another on a real-time basis.

Bank of Baroda, DBS Bank and Karur Vysya Bank are likely to sell their cumulative stake of just over 30% in Canbank Computer Services to Canara Bank, its majority owner. This will make Canbank Computer, a software-enabled services and ATM management company, a fully owned subsidiary of Canara Bank.

The buying frenzy followed the announcement by Tata Motors to cancel class 'A' shares, also known as shares carrying differential voting rights or DVR, and convert them into ordinary shares. DVR shares trade like ordinary shares but with lower voting rights. This share category has 1/10th voting rights but a 5% higher dividend.

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.

The stock managed to hold on to the gains despite weak Q1 results. It rose over 2% in a week and more than 9% in a month. It has rallied over 11% in the last 3 months.

As of Wednesday, 77.6% of the 152 companies listed on the S&P 500 that have reported earnings have beaten analyst expectations, as per Refinitiv Data

The rate hike, the Fed's 11th in its last 12 meetings, set the benchmark overnight interest rate in the 5.25%-5.50% range, and the accompanying policy statement left the door open to another increase.

The Federal Open Market Committee is expected to raise rates a quarter point to the 5.25% to 5.5% range, an 11th increase since early 2022

Even as the Fed policy rate decision looms, Indian equities in a range-bound trade ended on a strong note, led by gains in heavyweights including RIL, ITC, and Larsen and Toubro. Nifty gained 98 points to settle at 19,778, while Sensex, after advancing 351 points, settled at 66,707. Meanwhile, broader markets underperformed their headline peers."Nifty found support at the 9EMA when on the lower end of the range. The daily chart indicated a downward consolidation breakout, suggesting potential downward momentum. The RSI confirmed this sentiment with a bearish crossover. Key support was identified at 19700, while resistance levels were observed at 19900/20000, providing crucial reference points for traders and investors," Rupak De, Senior Technical Analyst at LKP Securities, said.Here are the stock recommendations for Thursday:

Indian equities finished Wednesday positively, with Nifty up 0.5% to over 19,750 levels, ahead of the release of the Fed meeting outcome. Sectoral indices for Nifty PSU Bank, FMCG, and Realty had the highest gains, while Nifty Consumer Durable and Auto Index went down. Analysts propose that there will potentially

The two have signed an agreement to form a 50:50 joint venture to offer investment solutions. JFS and BlackRock are targeting initial investment of $150 million each in the joint venture, to be named Jio BlackRock.

After pausing in June, the US Federal Reserve is widely expected to hike interest rates again on Wednesday, adopting its most restrictive monetary stance for 22 years despite recent signs of slowing inflation. After 10 consecutive hikes in just over a year, the Fed halted its aggressive campaign of monetary tightening last month to give policymakers more time to assess the health of the US economy, and the impact of recent banking stresses on lending conditions.

Here's a look at the number of trading days that Nifty50 hit all-time high levels since 1991, bucketed by every five years. (Data Source: ICRA MFIE)

Jio Financial Services and BlackRock have signed an agreement to form a 50:50 joint venture. They are targeting initial investment of $150 million each

Larsen & Toubro (L&T) is expected to continue its momentum in the medium term due to a fast-expanding order pipeline, particularly in infrastructure and energy sectors. The company's Q1 core order inflow rose by 79% YoY to INR50,300 crore, and the total order inflow rose by 57% to INR65,520 crore.

The Nifty index formed a shooting star-like pattern on Wednesday, facing resistance levels around 19,800 after gaining 98 points. Analysts suggest that the support zone will be in the range of 19,615-19,560, while the upside target is seen at 19,830-19,850. According to Prashanth Tapse, the technical landscape of the Nifty suggests consolidation, with interweek support at 19561 and immediate hurdles at 20000. Meanwhile, Minor downward correction has been completed and the market is likely to shift into an upside bounce, according to Nagaraj Shetti.

Under the proposed OFS, the government will offload about 7.08 crore equity shares, representing 3.4% equity on Day 1, which is the T day and in the case of oversubscription, an additional 1.96% stake will be sold. Only non-retail investors will be allowed to place their bids on T day

Investors assess mixed earnings from Microsoft and Alphabet ahead of a Federal Reserve rate hike that could push borrowing costs to their highest since the global financial crisis

The bulk of earnings downgrades was driven by stocks related to defensive sectors (IT, healthcare, staples) and commodities (metals, cement). Here's a full list of 10 largecaps that saw maximum earnings downgrades over the last one year. (Source: ICICI Sec)

“We may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstances will it exceed 9.95,” M&M says

Stocks that were in focus include names like Tata Motors DVR, which was up more than 12%, TCI Express, which rose more than 5%, and L&T, which closed with gains of over 3% to hit a fresh 52-week high.

The article discusses the performance of stocks that crossed their last week's high on July 25, 2023, highlighting the resilience of companies like Adani Green Energy, Ambuja Cements, and others in the dynamic market.

The Federal Open Market Committee is expected to raise rates a quarter point to the 5.25% to 5.5% range, an 11th increase since early 2022

The Futures Short Position Scan conducted on July 25 revealed Aggressive New Short positions on 6 Nifty50 stocks. This is a bearish indicator that shows that the futures OI has increased while price has decreased. (Source: StockEdge)

Ahead of the US Federal Reserve's monetary policy decision later in the day, Indian equity indices closed higher on Wednesday, boosted by gains in index heavyweights Reliance, L&T, ITC, and Infosys. The benchmark BSE Sensex rose 352 points, or 0.53%, to 66,707.2, while the broader NSE index jumped 98 points to 19,778. From the Sensex pack, L&T and ITC were the top gainers, rising 2-3%. Sun Pharma, Reliance Industries, Kotak Bank, Axis Bank, SBI, and Infosys also closed higher. Whereas, Bajaj Finance, Bajaj Finserv, M&M, Tech Mahindra, and Asian Paints closed in the red.

On July 25, Tuesday, StockEdge reported 34 stocks showing an uptrend in the Relative Strength Index (RSI), indicating positive momentum

On July 26, Wednesday, Trendlyne reported 45 stocks experiencing the Golden Crossover. Today, ETMarkets handpicks 10 stocks from this list, offering potential investors valuable insights into this promising trend

From the Sensex pack, L&T and ITC were the top gainers, rising 2-3%. Sun Pharma, Reliance Industries, Kotak Bank, Axis Bank, SBI, and Infosys also closed higher

Bajaj Finance Ltd on Wednesday reported a 32.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June to Rs 3,437 crore, beating an ET Now poll of Rs 3,301 crore. Total revenue from operations grew nearly 35% on year to Rs 12,498 crore. Net interest income for the quarter increased by 26% on year to Rs 8,398 crore.

Crossing the 50-day SMA is a significant technical indicator for investors, signaling potential positive price trends for these stocks. These companies' recent performance indicates their growth potential and market confidence in the dynamic stock market.

On July 25, Tuesday, StockEdge reported 20 stocks trading in the overbought zone, raising cautionary signals for investors

On July 25, Tuesday, StockEdge reported a staggering number of 90 stocks trading in the overbought zone, indicating potential cautionary signals for investors

Alphabet, the parent company of Google, rose by nearly 7% on Wednesday following better-than-expected quarterly earnings reports. The company's strong position as a provider of artificial intelligence solutions, coupled with steady growth in its cloud business, contributed to a significant surge in investor confidence. .

Any investor who tracks these headline numbers might be tempted to take money off the table or at the least be wary of putting in additional money. The easiest behavior hack to counter this is to invest for longer (5+ years). Staying invested in equities has its ups and downs, but it may lead to the desired outcomes over the long term.

On July 25, Tuesday, StockEdge reported 29 stocks with RSI trending down, indicating a possible bearish signal

Shares in LVMH fell by 3.7% in early trading on Wednesday after the report of in-line sales growth in the second quarter. Analysts believe that this signifies that the sector may be moving towards a less impressive path of growth as the luxury industry normalises after years of stellar growth.

A host of brokerages are bullish on several stocks from different sectors such as banking, chemical and energy. Trendlyne data shows that 10 stocks including SBI, Federal Bank, SRF and Jubilant FoodWorks have high analyst ratings and can rally up to 36%. Here's a list of these stocks:

Crossing the 200-day SMA is a significant technical indicator for investors, suggesting potential positive price trends for these stocks

Name of Reliance Strategic Investments changed to Jio Financial Services w.e.f July 25

Among the notable gainers were Bharti Airtel, L&T, Tata Consumer Products, and more, as they continued their upward trajectory.

Yatharth Hospital management shares crucial information in the company's IPO, including its upcoming plans.

RBL Bank's shares surged over 4% to reach a 52-week high of INR 233.70 on Wednesday following reports indicating Mahindra Group may have bought a 4% stake in the Indian private lender, a move seen as part of the automotive-to-hospitality conglomerate's strategic plans.

Notable gainers included MRF, Torrent Pharmaceuticals, Jindal Steel, Glenmark Pharma, TVS Motor Company, and more, solidifying their positions in the market

The stock also gave a breakout from an ascending triangle pattern on the weekly charts. The neckline of the ascending triangle pattern was placed above Rs 4,200 levels which happened in June 2023 and since then the stock has been trading above this level.

Kacholia’s 1.97% stake purchase in Venus Pipes comes on the back of a strong rally in the stock with multibagger returns of more than 240% in the last 12 months, which are almost 20 times higher than the returns given by S&P BSE Sensex during this period. In this year alone, the stock price has shot up 73%.