Tata Consultancy Services, Hindalco Industries and other companies crossed the 200-day Simple Moving Average indicator on July 13, 2023, signaling market growth. TCS and Hindalco Industries' stocks surged past their 200 SMA, while Triveni Engineering & Industries and KIOCL maintained their performance around the 200 SMA. Mobile advertising and marketing firm Affle (India) and real estate developer Sobha also stayed above their 200 SMA. The data was sourced from StockEdge, and today's data on 100 SMA will be updated after market hours.

HCL Tech's Q1FY24 net profit rose by 8% YoY to Rs 3,534 crore, but shares fell 2% due to lower-than-expected earnings. Here's the brokerage's view on the stock.

BSE SmallCap index saw a significant surge as multiple stocks achieved new 52-week highs on July 14. Companies like Birlasoft and Can Fin Home demonstrated their market strength, while CCL Products, Esab India, Exide Industries, Great Eastern Shipping, Glenmark Pharma, JBM Auto, and KEC International also achieved notable milestones. These updates were from BSE at 1:40 pm and may have a lag in real-time data.

From the Sensex pack, IT stocks such as TCS, Tech Mahindra, Infosys, HCL Tech, and Wipro were the top gainers, rising 3-5%. Tata Steel, Nestle, HUL, Asian Paints, and ICICI Bank also closed higher.

From Saturday, Indian listed companies will face additional compliance burdens as the Securities and Exchange Board of India (Sebi) has introduced stricter rules for disclosing events or information to the regulator, including disclosure of material agreements that could impact the management of companies, acquisitions and buybacks of securities. The timeline for compliance has also been shortened, with disclosures now having to occur within 12 to 24 hours of the event, while outcomes of board meetings must be made public within 30 minutes of the meeting's conclusion. Sebi amended the rules to make the changes.

On Thursday, July 13, 2023, several significant stocks, including Finolex Cables, TCS, KIOCL, Triveni Turbine, Thermax, Aptus Value Housing Finance India, L&T Technology Services, and HDFC Bank, crossed their 50-day Simple Moving Average (SMA) indicating a potential shift in short-term momentum. These companies displayed impressive performance and positive momentum, surpassing their respective 50 SMA, which is considered a positive sign for investors.

ADX or Average Direction Index is a technical analysis tool that helps to quantify the strength in a stock's trend. ADX is computed based on a moving average of price range expansion over a given period. Here, we have identified 4 major mid and smallcap counters whose ADX has gone below 40. Note the data here is from the previous trading day (Source: StockEdge).

On July 13, 2023, several Indian companies including Infosys, Mphasis, Aditya Birla Fashion and Retail, Triveni Engineering & Industries, Oil India, MAS Financial Services, and Meghmani Finechem performed strongly by surpassing the 100-day Simple Moving Average technical indicator. Infosys's stock price reached Rs. 1365.1, while Mphasis closed at Rs. 1922.2, both exceeding their 100 SMA, while the others maintained steady performances above the indicator. Sourced from StockEdge, the data on 100 SMA will be updated after market hours.

RSI, which is a momentum indicator, gives short-term buy and sell signals and helps to determine a stock’s overbought or oversold state. It is the ratio of the recent upward price movement to the absolute price movement. The value of RSI ranges between 0-100. The StockEdge data computes the value of RSI by taking 14 days as the reference period.So, here are the top stocks whose RSIs have crossed the 70 mark from below, suggesting an overbought state. Typically, this situation hints at a sell signal on the counter. Note, the data is from the previous day i.e. July 13. (Source: StockEdge)

Foreign portfolio investors cut down their stake in Nykaa to 9.93% as of June from 12.17% held in March

Over 340 stocks have shown formation of Golden Crossover, a widely recognised technical indicator, as their 50-day moving average crossed above their 200-day moving average, indicating a shift in momentum from bearish to bullish. ETMarkets has identified ten of the stocks which include Can Fin Homes, Canara Bank, and Ceat.

According to an exchange filing on Wednesday, the promoter entity is looking to sell up to 7% stake (2.53 crore shares) at a floor price of Rs 1,000 per share. It was also supposed to sell another 2% in case there was an oversubscription. However, Patanjali Ayurved said on July 13 that it will not utilise the 2% oversubscription option (also called the greenshoe option). It did not mention the reason behind the change of mind.

Kolkata-based jeweller Senco Gold's shares listed at a 36% premium on Friday following its INR4.05bn ($54.6m) initial public offering. The equity issue included a fresh issue of INR2.7bn and an offer for sale of INR1.35bn.

The BSE 100 index witnessed a significant surge on Friday, July 14, with several companies hitting their 52-week highs. Notable companies included consumer goods firm Colgate-Palmolive, who hit Rs 1,830.20; Info Edge (India), which reached Rs 4,679.15; Oil and Natural Gas Corporation Limited (ONGC),

Over 30 stocks were previously trading in the overbought zone but saw a bearish RSI trend. However, ETMarkets reports that 10 stocks are still trading in the overbought zone, even though their RSI has decreased. RSI is a technical indicator that ranges from 0-100 and measures the change and speed of price movements.

While index might not be correcting, some inter sectoral correction is surely happening. In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.

Over 50 stocks have been identified as overbought by the Relative Strength Index (RSI), a technical analysis tool used by investors to gauge market trends. When the RSI rises above 70, the stock may be overbought, suggesting a potential correction. Data from July 13 shows 10 stocks in the overbought zone, including Tejas Networks, Indian Bank

Are analysts more pessimistic than what they should have been in the case of software services . Will the headwinds which are more in terms of expectation than business headwinds disappear sooner than later.

37 stocks were trending down on the Relative Strength Index (RSI) on July 13, according to StockEdge. However, 10 stocks have been identified as currently trading down, according to ETMarkets. The RSI ranges from 0 to 100 and is a popular technical indicator used to identify whether a stock is oversold or overbought.

In June 2023, Indian equities received positive attention from mutual funds (MFs), as indicated by their net buying activity of approximately Rs 5,664 crore. Apart from April, MFs remained net buyers throughout CY23. The recent MF Analysis by ETMarkets revealed that seven stocks were added to the portfolios of at least 20 MFs in June '23 compared to May '23. All seven stocks have shown positive returns in CY23 thus far, with gains ranging from 7% to 110%. (Data Source: ACE MF | ACE Equity)

Data on U.S. consumer and producer prices earlier this week stoked speculation that the economy had entered a disinflation phase and the Fed could pause its tightening soon after July

10 out of 12 stocks that experienced an increase in trading on July 13, have seen a rise in their RSI values, according to ETMarkets. The RSI helps to determine whether a stock is overbought or oversold and provides insights into a stock's potential trend reversal points.

Federal Bank reported a YoY earnings growth of 42% in Q1 but recorded a 16 bps QoQ decline in net interest margin (NIM). Despite this, most brokerages maintain a buy rating for the stock. Kotak Equities argues that the bank is well-positioned to achieve a return on assets (RoA) of over 1.2% in the next few years.

While index might not be correcting, some inter sectoral correction is surely happening. In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.

The ongoing stock market rally is global, with indices in countries such as the US, Germany, France, South Korea, and Taiwan at 52-week or record highs. After a consolidation phase lasting over a year, India's stock market is charging ahead with impressive GDP growth, declining CAD, stable currency, and promising leading indicators

JBM Auto and its subsidiaries have received orders for roughly 5,000 electric buses for supply to multiple state transport undertakings, including Gujarat, Haryana, Telangana, Orissa and Delhi, as well as companies including those in the Fortune 500. JBM Auto's share price rose by 18% to hit an all-time high of INR1,548 in afternoon trading on BSE following the announcement

Patanjali Foods' shares hit a 5% upper circuit, reaching INR1,225 (USD16.39), after its two-day offer for sale of up to 7% stake, or 2.53 crore shares, opened for retail investors. No reason was given for the change of heart when Patanjali Ayurved, the company's promoter, announced it would not utilise the 2% oversubscription option.

Indian indices, S&P BSE Sensex and Nifty50, were up in opening trade, boosted by IT stocks. Sensex traded at 65,741, up 182 points (0.28%), while Nifty50 hovered around 19,473, up 59 points (0.31%). Nifty Bank surged 201 points (0.45%) in early trade, and volatility eased as India VIX stood at 10.70, declining by 2.14%. Anand James

Thanks to foreign investors' relentless buying, the benchmark Nifty50 and Sensex have risen more than 15% from the March lows and reached new highs. Indian equities also joined the club of the best-performing markets in 2023. However, compared to other emerging and developed market peers, India underperforms.

Experts suggest that UNO Minda, a part of the auto component sector, has broken out from a symmetrical triangle pattern on the weekly charts, leaving room for the stock to hit fresh record highs in the next three months. Short to medium-term traders may want to purchase the stock now, or on minor dips, with a target of Rs 690, they say.

The technology major reported a nearly 12% year-on-year (YoY) rise in consolidated net profit for the quarter ended June at Rs 2,870 crore. Consolidated revenue for the quarter increased by 6% YoY to Rs 22,831 crore.The bottomline was lower than the ET Now poll of Rs 3,040 crore, while the topline was largely in line with the expected revenue of Rs 22,870 crore

The Futures Long Position Scan performed on July 13 shows Aggressive New Long positions have been taken on 7 largecap counters. The average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased, which indicates a bullish sentiment in the market. (Source: StockEdge)

Nomura has a 'Neutral' view on Wipro and the price target is Rs 375. Q1 results toward the bottom end of guidance and the company missed consensus estimates, the brokerage noted. "Discretionary demand remains weak, affecting the consulting portfolio. Q2 guidance shows weakness to persist. Margin improvement unlikely in FY24," it said

Jewellery retailer Senco Gold made a strong debut on the BSE, as shares opened at Rs 431, a 36% premium on IPO price. The IPO combined fresh issues and an OFS portion. The funds from fresh proceeds will be used for funding working capital and general corporate purposes.

From the Sensex pack, Infosys, Tech Mahindra, TCS, Wipro, HCL Tech, and Bajaj Finserv opened with gains, while Power Grid, M&M, NTPC, Asian Paints, Sun Pharma and Bharti Airtel opened with cuts.

RBL Bank’s daily trend is bullish to sideways. RSI for monthly is showing sideways momentum. However, RSI for weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 190 and 200. Let’s plan a trade around this.

On a day of consolidation, the NIFTY gave selling pressure the slip to close higher. Can it pull it off on Friday also?

Sensex jumps over 300 points, Nifty above 19,500; JBM Auto rallies 14%, Wipro 2%; HCL Tech, Bajaj Finserv, Axis Bank are some of the top gainers 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 ICICI Bank and Mrs Bectors Food while Vaishali Parekh has a buy/sell recommendation on EIL and Sun TV for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on July 13, 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 15 points, or 0.08 per cent, lower at 19,543, signaling that Dalal Street was headed for muted start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

In the Nifty500 pack, five stocks crossed above their 200 DMAs (Daily Moving Averages) on July 13, 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. Take a look:

In the NSE list of stocks, 10 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 13.

Benchmark indices touched new highs on Thursday, but ended the session with slight gains after a global rally. Zomato rose by 6.9%, Infosys gained 2.39%, and PNB fell nearly 4%. Kotak Securities' Amol Athawale recommends buying Zomato and Infosys. PNB is deemed a good buy on dips.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone. Here are 3 stocks that have established an Inverted Hammer pattern and hint at a bullish reversal. (Source: StockEdge)

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 8 top stocks that have established a Shooting Star pattern and are now signalling a bearish reversal. Note, the data is from the previous trading session i.e. July 13. (Source: StockEdge)

On an average, about 2.12 million new SIP accounts per month were opened over the past 12 months taking the cumulative addition to 26 million.

The stock last traded at $124.73 and was on track for its biggest one-day percentage gain since early February when it announced the product. The shares also hit their highest point since mid-June during the session.

MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.7% on Friday to put it on track for a 5.4% weekly advance, the biggest for eight months. Hong Kong's Hang Seng gained 0.52% and mainland Chinese blue chips added 0.12%. South Korea's Kospi jumped 1%. Japan's Nikkei, though, was a notable outlier, flipping early gains to be last down 0.43% as it struggles to find its feet following its retreat from a 33-year peak reached at the start of this month.

US stocks rose on Thursday, helped by a record closing high in an index of technology-focused shares and news of falling producer inflation. The Nasdaq rose more than 1% for a second consecutive day. Annual producer inflation in America increased at its smallest rate for almost three years, providing evidence of easing inflation pressures. The consumer price index released on Wednesday also showed a decrease in annual US consumer prices, which is likely to back forecasts that the Federal Reserve will stop hiking rates. Market focus is shifting to the second-quarter US earnings season.