The tech-enabled platform is also setting up a feeder fund--the Global Investors Feeder Trust (GIFT)--based out of GIFT City to cater to foreign investors.

The aggregate profit of Nifty 50 companies are likely to rise 25% on year in the June quarter, but if metals and oil and gas sectors are excluded, the growth is likely to have been as high as 40%, according to Motilal Oswal Securities.

In the month of June, Nifty gained over 3.5% on positive global cues, strong FII inflows and lower raw material prices. At the same time, asset management companies (AMCs) turned positive on some largecap stocks and added them to their portfolios. According to a report by ICICI Direct, Adani Enterprises, HDFC, JSW Steel, Bajaj Auto, and IRCTC were among the major stocks added by the AMC in June. Here is a list of the top 10 largecap stocks that mutual funds bought in June, according to a report by ICICI Direct:

The US inflation rate for June came in lower than expected at 3%, the smallest year-over-year increase in two years. Meanwhile, retail inflation in India for June rose to 4.81%, after easing for four months in a row, as food prices surged, according to official data released post-market hours on Wednesday.

State Bank of India’s daily trend is bullish to sideways. RSI for weekly and daily is showing sideways momentum. However, RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 580 and 600. Let’s plan a trade around this.

"We maintain a Buy on Bajaj Auto Limited (BAL) with a revised target of Rs. 5,600. BAL has launched the electric scooter Chetak. It is gradually expanding its dealership network in the EV space and is planning to reach 120 cities by H1FY24,” Abhishek Gaoshinde, Deputy Vice President, Research at Sharekhan by BNP Paribas, said.

On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19400 strikes. Minor Call writing is seen at 19450 and then towards 19500 strikes while the Put writing is seen at 19300 and then towards 19250 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 BHEL while Nooresh Merani has a buy/sell recommendation on Ashok Leyland and ONGC for today's trading session. Check out the targets and stoploss.

Sensex jumps 350 points, Nifty above 19,450; Patanjali Foods tanks 5%, TCS rises 1%; Yes Bank, Delta Corp, BHEL are some of the gainers in the morning trade.

Tata Consultancy Services (TCS) reported a YoY rise of 17% in consolidated net profit of Q1 to Rs 11,074 crore. However, consolidated revenue increased nearly 13%, marginally lower than the estimated Rs 59,500 crore. Motilal Oswal and Nuvama retained their 'Buy' recommendation on the IT major, while Nomura maintained a 'Reduce' rating.

In a lackluster session for the markets, the NIFTY retraced modestly to end the day on a slightly negative note. The NIFTY opened with minor gains but soon slipped into the negative territory. The markets spent the entire day in a sideways trajectory while staying completely devoid of any directional bias. The markets grew weaker towards the end; the headline index gave up some more ground and ended with a net loss of 55.10 points (-0.28%).

The US inflation rate for June came in lower than expected at 3%, the smallest year-over-year increase in two years. Meanwhile, retail inflation in India for June rose to 4.81%, after easing for four months in a row, as food prices surged, according to official data released post-market hours on Wednesday.

In the NSE list of stocks, seven 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 12.

Four stocks, with a market cap of over Rs 1000 crore, crossed above their 200 DMA (Daily Moving Averages) on July 12, 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.

In the Nifty500 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on July 12, 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 10.5 points, or 0.05 per cent, lower at 19,554.50, signaling that Dalal Street was headed for muted start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

The momentum indicator MACD is also showing positive signs. The volume during green days is higher than the red days, which also confirms the upper hand of the bulls. We recommend buying the stock at current levels for 3350 and 3450 with immediate support around 3230 and 3195.

Investors are also looking to China trade data for clues on how the world's second-largest economy is faring following a slew of disappointing economic releases. Exports rose 3.7% in the first half of the year in yuan-denominated terms while imports held mostly flat, data released on Thursday morning showed, with more to come later in the day.

"All weekly contracts shall expire on Wednesday of every week excluding the expiry week of the monthly contract. If Wednesday is a trading holiday, then the expiry day is the previous trading day," NSE said in a circular. For monthly and quarterly contracts of the widely-tracked banking index, there is no change and will continue to expire on the last Thursday of the expiry month.

The data underscored expectations the Federal Reserve may let interest rates stand after one more 25 basis point hike expected at its July policy meeting. Shares of big tech-related companies, which tend to be sensitive to higher interest rates, gave the S&P 500 its biggest boost. The technology sector was up 1.3%

Baba Ramdev-led FMCG company Patanjali Foods announced that the promoters will sell up to 9% stake through an offer for sale (OFS) at a floor price of Rs 1,000.

"Granules stock has formed a strong base around the support zone of long term moving average i.e. 200 EMA on the weekly chart and looks set to retest the upper band of the range soon. Participants can consider creating fresh longs in the mentioned range," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

SpiceJet promoter Ajay Singh will infuse Rs 500 crore into the airline to enable it to make full use of the Indian government’s Emergency Credit Line Guarantee Scheme (ECLGS). The scheme was introduced in 2020 as part of efforts to ease the financial impact of Covid-19 on struggling businesses. SpiceJet has already drawn Rs 410 crore from the ECLGS scheme and will receive an additional Rs 206 crore following Singh's investment.

​​In the auto and auto ancillary sector, analysts estimate that the execution of strong order books and increasing electric vehicle penetration have kept investors’ interest intact in select stocks.

In the first auction on December 21, Torrent Investments made the highest offer of Rs 8,640 crore, while the Hinduja Group entity offered Rs 8,110 crore. However, within 24 hours, the Hinduja entity gave a revised, improved offer of Rs 9,000 crore, a development contested by Torrent.

In its notified rules, the capital market regulator Securities and Exchange Board of India (Sebi) has said that agreements that subsist as of the date of notification are to be disclosed to the stock exchanges. It was earlier understood that only prospective agreements must be disclosed, not retrospective.

The decision is expected to impact gaming volumes besides slowing down future foreign investment and the viability of gaming companies - especially in the start-up space - that have recorded impressive growth in recent times, said analysts. The 28% levy is the highest standard rate and typically covers most luxury items.

A bearish reversal scan on the candlestick screener can help ascertain stocks showing tendency to slip downwards from an upward zone. So, here are 6 major stocks that established a Hanging Man pattern on Wednesday and signal a bearish reversal. (Source: StockEdge)

Average monthly spending through credit cards has doubled in three years from Rs 60,000 crore a month in FY'19-20 to Rs 1.2 lakh crore a month in FY'22-23.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone in the future. So, here are 3 stocks with m-cap over Rs 1000 crore that have established a hammer pattern in Wednesday’s trade and signify a bullish reversal. (Source: StockEdge)

The floor price for the offer has been fixed at ₹1,000, which is 18% discount to Wednesday's closing price of ₹1,228. At the floor price, the OFS could fetch ₹3,260 crore for the promoters.

The stock hit a 52-week high of Rs 381 on November 4, 2022, but failed to hold on to the momentum. It has moved in a range since January 2023. On the upside, a level around Rs 316 acted as a stiff resistance while on the downside support was placed around Rs 260 levels on the weekly charts.

The much awaited U.S. Labor Department report showed growth in core consumer prices, which excludes food and energy, eased to 4.8% from 5.3% in May on an annual basis. Economists had expected a 5% rise.

U.S. stock gains helped push up MSCI's main 47-country world index, which is now around 14% higher for the year, bouncing back from rate hike-induced lows in late 2022.

Indian equity indices snapped their 3-day winning streak on Wednesday in a volatile session. Nifty settled lower by 55 odd points at 19,384, while Sensex logged a decline of 224 points to close at 65,394. Sector-wise, it was a mixed session, with Nifty PSU Bank clocking the highest gains, while IT pack was the top laggard

Dow Jones Industrial Average is up 282.05 points, or 0.82%, at 34,543.47, the S&P 500 rises 40.07 points, or 0.90%, at 4,479.33

On Wednesday, the benchmark index Sensex witnessed a significant decline of around 223 points, closing at 65,393. Nevertheless, despite this drop, six stocks listed on the BSE Commodities Index reached new peak levels in the last 52 weeks. The 52-week high holds great significance for specific traders and investors, as it serves as a crucial technical indicator to evaluate a stock's current value and predict potential price fluctuations. It represents the highest price at which a stock has been traded in the previous year.

Power Finance Corporation has filed a draft shelf prospectus offering Rs 10,000 crore ($1.34bn) in non-convertible debentures (NCD). The NCDs will be issued in one or more tranches, with at least 75% of the proceeds put towards lending, financing, refinancing or general payment purposes. The rest is earmarked for general corporate purposes.

Data showing that inflation has scooled further in June lift investor hopes that the Federal Reserve is nearing the end of its monetary tightening cycle

In the last one-year period, HCL Tech has paid a dividend of 48 per share, which results in a dividend yield of 4.32%.

The infusion will be done through subscription to equity shares or convertible securities on a preferential basis.

Patanjali Ayurved will offload about 2.53 crore equity shares under the OFS, which represents 7% stake, and in the case of oversubscription, the promoter is planning to sell additional 2%.

Several BSE MidCap stocks hit new 52-week highs on July 12, indicating their growth potential and market resilience. Among them are 3M India, a diversified technology company; BHEL, an engineering and manufacturing enterprise; CG Power & Industrial Solutions, offering end-to-end electrical solutions

Positive chart patterns like higher tops and bottoms were intact on the daily chart and present weakness could be in line with new higher bottom formation at the highs, analysts said. On a move below 19,300, the market is likely to find another important support of 19,100-19,000 levels. Fresh buying interest could only emerge on a decisive move above 19500 levels, said Nagaraj Shetti of HDFC Securities

Reliance Industries, a conglomerate with diverse interests ranging from petrochemicals to telecommunications, achieved a 52-week high of Rs 2,802.20.IndiGo, a prominent player in the aviation industry, reached a 52-week high of Rs 2,743.55

Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold

As a result of the reverse merger of HDFC Bank and HDFC - the stocks of HDFC Bank are all set to surpass Mukesh Ambani's Reliance Industries when it comes to Nifty weightage. HDFC Bank is currently India's largest private-sector lender right now.

The source declined to provide details of the names of investors Adani is in talks with, but said the response so far had been positive as potential investors believe the current valuation is attractive.The fundraising is critical for the Indian group, run by billionaire businessman Gautam Adani, who was earlier this year jolted by short-seller Hindenburg Research's report alleging improper use of tax havens and concerns over its debt levels

Sectorally, buying was seen in realty, healthcare, and oil & gas stocks, while selling was seen in IT, telecom, utilities, and consumer durable. Stocks that were in focus include names like Elgi Equipments, which was up 7%, J.B Chemicals & Pharmaceuticals, which gained over 6% to hit a fresh 52-week high, and Delta Corp, which fell more than 23% on Wednesday.

"We have gone ahead and rolled out our annual salary increase with effect from April 1st. Our operating margin of 23.2% reflects the 200-bps impact of this hike, offset through improved efficiencies," TCS CFO Samir Seksaria said.