WB Ramnavami Violence: SC Upholds Calcutta High Court Order for NIA Probe. The WB government had challenged the Calcutta High Court's order in the SC.

FPIs invest in Indian equities through two channels. One, the stock exchange route or the secondary market where they buy equities at prices quoted on the stock exchange. The other method is investment through the primary market route where FPIs invest in companies through initial public offer or qualified institutional placement offer (QIP). The latter method is used to buy a large stake with a lower impact cost and without inflicting large volatility in stock prices.

From the technical scan on MACD based on the previous day’s data (July 21, 2023), ETMarkets collated a list of major large and midcaps whose MACD line has crossed the signal line. This typically gives a bullish signal, suggesting the price of the stock can tick higher. Note: The further it is below the zero line, the stronger the signal. (Source: StockEdge)

Closing Bell: Sensex falls for 2nd day, ends 299 pts lower; Nifty below 19,700; United Spirits plunges 6%, IndusInd rises 2%

On July 21, 2023, Atul and Solar Industries India stood out by crossing their 50 Simple Moving Averages (SMA), leading to impressive increases in their stock prices. Atul is a leading player in the chemical industry, with its stock closing at Rs. 7014.15.

Retail investors can reap advantages simply by following the activities of institutional investors, who typically make substantial investments only after conducting thorough research. According to ET Markets analysis, mutual funds (MFs) have consistently increased their investments in 111 stocks listed on the BSE, with a market capitalization of over Rs 500 crore, throughout the last 4 quarters (from September 2022 to June 2023). Data indicates that most of these stocks have yielded positive returns over the past year. Moreover, there is a promising aspect as 51 stocks from the list have recorded gains exceeding 20%. Of these, we have highlighted 11 stocks that generated impressive returns ranging from 70% to 185% (Data Source: ACE Equity).

On July 21, 2023, several key stocks, including Shree Renuka Sugars, PVR Inox, Atul, Amara Raja Batteries, and City Union Bank, surpassed their 100 Simple Moving Averages (SMA) with impressive performances. Shree Renuka Sugars rose to Rs. 46.7, PVR Inox closed at Rs. 1504.1,

Supreme Petrochem is a leading player in the Indian petrochemical industry, involved in the manufacturing and distribution of a wide range of plastic products. On July 21, 2023, the stock price closed at Rs 446.40, surpassing its 20-day SMA of Rs 440.34.

RSI or Relative Strength Index can be used to know about stocks which are overbought, meaning that they are trading at a price higher than their fair or intrinsic value. So, ETMarkets has compiled the list of major midcap counters that are signalling an overbought state (Source: StockEdge) using the RSI metric.

Shares of Adani Enterprises were the best-performing stock, giving a whopping 38% returns since April. LIC holds a 4.26% stake in this Adani Group flagship company. Adani Ports and Special Economic Zone shares have given over 15% returns so far in the current financial year. LIC’s holding within the group is the highest in this company at 9.1%.

"After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the Company’s shareholders proportionate to their shareholding in the Company," ITC said.

ADX or Average Directional Index helps quantify signal strength. The tool can be used in respect of any investment vehicle including stocks, mutual funds, ETFs and derivatives. Here we have listed 5 major stocks that are said to be in the trending phase as the ADX crossed 25 from below. Note the data is based on the previous trading day’s data (July 21, 2023). (Source: StockEdge)

Trendlyne has reported that 45 stocks, including Larsen & Toubro, HDFC Life Insurance, and ITC, have experienced the Golden Crossover pattern, which indicates a potential shift in momentum from bearish to bullish. This pattern occurs when a stock's short-term moving average crosses over the long-term moving average

"After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the Company’s shareholders proportionate to their shareholding in the Company," ITC said.

Twenty-four stocks on the overbought zone exhibited a declining RSI trend, according to StockEdge. Among the ten selected overbought stocks with a bearish RSI trend are Bajaj Finserv, Alembic Pharmaceuticals, Rallis India, and Cipla.

Over 80 stocks, including Mphasis, Tanla Platforms, United Spirits, Ashok Leyland, and Union Bank of India, were reportedly trading in an overbought zone as of July 21, indicating potential price corrections. Technical indicator Relative Strength Index (RSI) values of 70 or more suggest an overbought condition

The data was sourced from BSE at 1.20 pm, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

"After due consideration, the Board accorded its in-principle approval to the demerger of Hotels Business under a scheme of arrangement, with the Company holding a stake of about 40% in the new entity and the balance shareholding of about 60% to be held directly by the Company’s shareholders proportionate to their shareholding in the Company," ITC said.

The stock hit a 52-week high of Rs 775 on 7th November 2022 but it failed to hold on to the momentum. The stock found support at Rs 557 on 29th March 2023 and then bounced back.

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, cut stakes in as many as seven companies during the June quarter, whereas she likely exited three other stocks as her shareholding dipped below 1% in these companies. Please note, companies are required to disclose the names of investors who hold 1% stake or more. (Source: Trendlyne)

Tariff hike is the biggest catalyst for investors in the telecom sector. Jio's ARPU, which has grown from Rs 130 in FY20, is seen growing to Rs 202 in FY26. Analysts from Kotak Institutional Equities see the possibility of a tariff hike only after the Lok Sabha elections in April-May 2024.

The S&P BSE MidCap Index saw an impressive display of strength on July 24, 2023, with companies like Aurobindo Pharma, Canara Bank, and General Insurance Corporation leading the rally.

India's second-largest private sector lender ICICI Bank's June quarter standalone profit after tax (PAT) recorded a growth of 39.7% year-on-year (YoY) to Rs 9,648 crore. ET NOW poll had estimated PAT at Rs 9,300 crore. Its net interest income (NII) increased by 38% YoY to Rs 18,227 crore

On July 21, StockEdge reported that 29 stocks with Relative Strength Index (RSI) were trending down, indicating a possible shift in their price trends in the stock market. The RSI, which ranges from 0 to 100, is widely used to identify overbought and oversold conditions in a stock, and values above 70 suggest the stock

The RSI is a technical indicator that measures the speed and change of price movements. It oscillates between 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. An RSI value above 70 indicates that the stock is overbought and may be due for a correction, while an RSI below 30 suggests that the stock is oversold and might experience a rebound.

Several companies within the S&P BSE 100 Index achieved new 52-week highs on July 24, 2023, with some standouts being Ashok Leyland, Grasim Industries, and United Spirits. ICICI Bank, L&T, ONGC, and Tata Motors DVR also reached new highs. The data was sourced from BSE at 12.40 pm, and updates could come with a lag.

The Nikkei ended the day up 1.23% at 32,700.94. Of the index's 225 components, 198 rose, while 25 fell and two were flat. The broader Topix added 0.84% to 2,281.18. Transport equipment makers gained 1.65% to be among the top three industry sectors on the Tokyo Stock Exchange.

The state-owned firm also inked an initial pact with REC for securing finance of Rs 50,000 crore for projects of its subsidiaries and joint ventures. REC will provide financial assistance to set up new power generating stations based on conventional and renewable sources of energy, according to a statement on Friday.

Paytm's consolidated net loss narrowed to Rs 357 crore for the quarter ended June. It was Rs 644 crore in the year-ago period. However, the loss has widened when compared with Rs 168 crore reported in the preceding March quarter.

As the large auto companies make a comeback, even the auto ancillary stocks are coming back on the attention list. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Except for one trading session in which nifty witnessed a sharp cut, nifty and sensex have been moving higher for the last one month. During this period, some stocks have witnessed consistent improvement in their scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Further, the board has approved a buyback not exceeding 6,65,000 lakh equity shares for an amount not exceeding Rs 59.85 crore. The buyback price is fixed at Rs 900 per equity share, which is a 76% premium from the last closing price.

“Small-cap Stocks go through times of euphoria, but in the long term, they should do well. In the last 5 years, the midcap index has done better than nifty, whereas the small-cap index has underperformed,” Naysar Shah, Managing Partner (Equities) at Credent Asset Management, said.

Following the Q4 results, Kotak Institutional Equities maintained its 'Sell' rating on Vedanta with a target price of Rs 215 (Rs 235 earlier). The company reported a consolidated net profit of Rs 2,640 crore for the quarter ended June, down about 40% from Rs 4,421 crore reported in the same quarter last year.

The stock hit a 52-week high of Rs 775 on 7th November 2022 but it failed to hold on to the momentum. The stock found support at Rs 557 on 29th March 2023 and then bounced back.

Kotak Mahindra Bank on Saturday reported a 67% year-on-year (YoY) jump in its standalone net profit at Rs 3,452 crore. The profit figure stood at Rs 2,071 crore in the corresponding quarter of the previous financial year.

A foreign institutional investor (FII) is a person or company that invests in a country other than the one where it is registered or has its headquarters. According to StockEdge data, here's a list of 10 largecap stocks wherein FIIs increased their stake in Q1:

The Indian equity market showcased a mixed performance in the last week after top software services provider Infosys slashed its revenue outlook and flagged weakness in client spending. Meanwhile, a host of analysts shared their tech views on particular stocks that can rally up to 17% in the short term. These stocks include Piramal Pharma and ONGC. Here is a list of 4 tech picks from various analysts: Here is a list of 4 tech picks from various analysts:

Investec maintained a buy rating on Kotak Mahindra Bank with a target of Rs 2300. Liabilities momentum has improved and the net interest margins (NIMs) are likely to remain elevated. The asset quality remains best in class, and the brokerage firm believes that the bank's NIMs should stabilise above 5%.

“Dream Folks Services Ltd (DFS) commands good margins and runs an asset-light business, that is, well-poised to grow as the air travel industry is poised to show growth going forward,” Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, said.

“Small-cap Stocks go through times of euphoria, but in the long term, they should do well. In the last 5 years, the midcap index has done better than nifty, whereas the small-cap index has underperformed,” Naysar Shah, Managing Partner (Equities) at Credent Asset Management, said.

From the Sensex pack, Kotak Mahindra Bank and JSW Steel were the top losers, falling 1-2%. HUL, Titan, Tata Steel, Reliance Industries, Maruti and Tata Steel also opened in the red. Whereas, L&T, Infosys, ITC, IndusInd Bank, Wipro, SBI, and UltraTech Cement opened with gains.

Canara Bank’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 320 and 350. Let’s plan a trade around this

Opening Bell: Sensex sheds 50 points, Nifty below 19,750; RIL, Kotak Bank drop 2% each.

Diversified conglomerate Reliance Industries (RIL) on Friday reported a year-on-year (YoY) drop of 11% in the consolidated net profit for the quarter ended June 2023 to Rs 16,011 crore. Consolidated revenue declined 5.3% YoY to Rs 2.11 lakh crore.

On the monthly front, the maximum Call OI is placed at 19900 and then towards 19800 strikes while the maximum Put OI is placed at 19800 and then towards 19700 strikes.

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 Coromandel International and ONGC, while Nooresh Merani has a buy/sell recommendation on ONGC and GAIL for today's trading session. Check out the targets and stoploss.

After several days of gains, the Nifty saw a weak Friday. Despite attempts to recover, it closed with a net loss.

Four 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 21.

In the Nifty500 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on July 21, 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.