​Chart patterns suggest that the zone of 18,900-18,950 for the Nifty will be strong support going forward. Until the index sustains above the level of 18,900, we may witness the continuation of this strong momentum up to the level of 19,450-19,500. However, if the index slips below 18,900, profit booking up to 18,650-18,500 could be witnessed. Options data suggest a broader trading range of 18,900-19,500 for the upcoming week.

some stocks that can give a minimum of 20% returns over the next twelve months, recommended by India’s top brokerages.

"This substantial growth - adding $3.5 trillion-4 trillion to our economy (in nominal terms) - equals what even the entirety of Europe is likely to achieve," he said. "It is no wonder that companies worldwide are recognising the significance of this opportunity."

SGX Nifty, the Singapore Exchange-traded futures on India's key equity NSE Nifty 50 Index, will be known as GIFT Nifty from July 3, and all outstanding orders will be transferred to the GIFT City, the new financial hub in the western Indian state of Gujarat.

The stock rose from Rs 31 as on March 28, 2023, to Rs 41 as on June 28, 2023, which translates into an upside of over 31% in a matter of three months. The stock rose more than 14% in a month.

The Indian market continued its upward trend for the third consecutive day, with the S&P BSE Sensex rising over 800 points and the Nifty50 closing just below 19,200 levels. Stocks in the IT, auto, capital goods, and public sector sectors saw significant buying. Nippon Life AMC, HDFC Asset Management Company, and Mahindra & Mahindra were among the stocks that performed well. Technical analysis suggests that Nippon Life may experience further bullish momentum after a price dip, while HDFC AMC and Mahindra & Mahindra have shown positive breakout patterns.

Even as the global market sentiment remained weak, Indian equities on Friday hit another fresh all-time high driven by continued FII inflows. Nifty gained over 1% to close at 19,189, after topping 19,200 levels intraday. Market buoyancy was broad-based with broader markets also notching fresh highs. On a weekly basis, Nifty climbed 2.8%.“The near-term uptrend of Nifty remains intact and one may expect Nifty to reach up to 19,500 levels in the coming week. Immediate support is at 19050 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are stock recommendations for Monday:

Last week, the combined market valuation of the top 10 most valued firms in India increased by Rs 1.88 lakh crore. HDFC Bank and Tata Consultancy Services saw the biggest gains. The BSE Sensex also reached a lifetime closing high, increasing investor optimism. The market valuation of HDFC Bank surged the most, followed by TCS, Infosys, and Reliance Industries. Reliance Industries remained the most valued company, with TCS, HDFC Bank, ICICI Bank, and Hindustan Unilever following suit.

GQG Partners, a US-based investment firm, has increased its shareholding in two Adani group companies, Adani Enterprises Ltd and Adani Green Energy Ltd, to over 5%. This move demonstrates GQG's confidence in the group despite recent allegations of accounting fraud and stock manipulation made by a US short seller. GQG purchased additional stakes worth $1 billion, boosting its holdings in Adani Enterprises Ltd to 5.4% and in Adani Green Energy Ltd to 6.54%. The Adani family's stake in Adani Enterprises has reduced to 67.65% as a result of their sale of shares to GQG.

June was a strong month for foreign portfolio investors (FPIs) in India, with a total inflow of Rs 47,148 crore. This marked the fourth consecutive month of net buying in domestic stocks for FPIs. The sustained FPI flows can be attributed to improving macroeconomic conditions and a reversal in FPI strategy. In the first half of 2023, FPIs have invested a total of Rs 76,407 crore. However, FPIs may become more cautious in the future due to rich valuations in India.

The National Stock Exchange is planning to expand its product portfolio by exploring opportunities in electricity derivatives and the voluntary carbon credit market. It also aims to introduce derivative contracts based on corporate bond indices and government bond indices, pending approval from regulators. The exchange is evaluating the voluntary carbon credits market, which could be worth an estimated $150 million. Additionally, the Indian Energy Exchange has announced similar plans to explore opportunities in the voluntary carbon market. The Indian government is developing the Indian Carbon Market to decarbonize the economy through the trading of carbon credit certificates.

From being a must have in portfolio, AMC stocks have seen a long phase of underperformance and now clean out block trades. A headline which says that SEBi has delayed making changes in TER makes AMC stocks move up sharply. A delay in what appears to be a challenge, is enough to bring back interest on the counters. Is it an indication that once the “ challenge” is out of the way, these stocks will again regain their valuations back.

Foreign Portfolio Investors (FPIs) have made a record-high investment of Rs 47,148 crore in Indian equities in June, encouraged by the country's improving macroeconomic situation. However, FPI inflows may slow in July due to the US Federal Reserve's recent comments. FPIs are expected to be cautious because valuations in India are considered high in the short term. The sustained FPI flows are attributed to India's positive domestic indicators, including strong monsoon activity, as well as concerns over China's economic recovery and uncertainties in the US and UK. FPIs have also invested in sectors such as finance, automobiles, and capital goods.

When the nifty is forming a new high everyday, risks are increasing on the street. In such times, it would be better that while looking at growth stocks one also focuses on reducing the risk by taking a hard look at some numbers which are critical indicators. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong Buy

PE ratio often acts as an anchor when investors are making investment decisions. The reason it is easy to calculate narrative has been going in the market for ages that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.

Despite concerns about a global recession and a local slowdown, the market has performed better than expected, thanks to a relief rally following a prior sell-off. The global economy has demonstrated resilience, and it is projected that the US economy will avoid a deep correction. However, the market may trade in a range with mixed bias in the near term, as equities may underperform due to fundamental and technical parameters. The volatility index suggests stability and optimism, but low levels of volatility are unlikely to be sustained considering the current economic conditions. Nevertheless, the downside risk is adequately mitigated, and a substantial correction is not anticipated. The earnings outlook for India is improving, and the risk is low in India compared to the global market.

So far in FY24, Nifty advanced over 10.5% amid better macroeconomic data, continued FII buying, and declining crude oil prices. Meanwhile, a host of brokerage firms have initiated coverage on several stocks. They see a strong potential in these companies, with a targeted upside of up to 57%. Here is a list of 5 stocks on which brokerages initiated coverage:

Several corporate actions are scheduled for this week. Companies like Adani Enterprises, Mphasis, Biocon, Ashok Leyland, and Axis Bank will trade ex-dividend, while Kansai Nerolac Paints and Aptech will trade ex-bonus. The ex-dividend date is when the share price is adjusted for dividend payouts. Various companies such as ACC, Ambuja Cement, and Bharat Forge will also trade ex-dividend later in the week. Additionally, several companies have fixed dates for their right issues or ex-bonus trading.

Derivative contracts worth $7.5 billion traded in Singapore will be transferred to India as a cross-border trading link between the two countries' top bourses becomes fully operational. The move signifies India's success in attracting trading activity back to its shores from global financial centers such as Dubai, Mauritius, and Singapore. The dispute between the National Stock Exchange of India and Singapore Exchange over single-stock futures trading has now been resolved, with the trading of futures and options happening in India's GIFT City and SGX handling the clearing.

In the following week, several factors are in place that are likely to decide the trajectory for markets. These include key macroeconomic data points in India and across major developed economies, and a lot of corporate news developments.

Sebi has penalised Cyquator Media Services, a promoter entity of ZEE Entertainment Enterprises Ltd (ZEEL), for certain disclosure lapses. A fine of Rs 4 lakh has been imposed on Cyquator for failing to make adequate disclosures regarding certain trades in shares of ZEEL.

Apple Inc's market capitalization reached over $3 trillion on Friday, making it the world's most valuable company. The stock closed at $193.97 a share, and the market cap stood at $3.05 trillion. Strong sales of iPhones and expectations for the release of the Apple Vision Pro mixed-reality headset have fueled the rally. Citigroup Global Markets sees further upside potential for the stock, citing gross margin expansion and market share gains in China and India.

The Indian equity markets attempted a breakout by moving past the prior top of 18,887 and closing near the high point of the week. The volatility remained low and the financial space underperformed the Nifty. The Nifty closed with a net monthly gain of 654.65 points (+3.53%). The banking and financial space has been underperforming but the Bank Nifty remains on the verge of a breakout. The India VIX reached one of its lowest points in recent years. It is crucial for Nifty to stay above 18,900 levels for the breakout to be confirmed.

In June, the best-performing sectors in the Indian market were consumer discretionary, realty, healthcare, automobiles, and capital goods. The S&P BSE Realty, Healthcare, and Capital Goods sectors saw 9-10% upside. Smallcap stocks in the automobile and auto ancillary sector also performed well. Analysts remain bullish on the auto ancillary space due to strong automobile demand. In the capital goods space, 31 smallcap stocks had double-digit returns. The healthcare sector also gave good returns, with several stocks experiencing significant gains. However, banks, financials, information technology, and oil and gas sectors underperformed.

Shares of Saregama India have seen significant returns in the past decade, with a rise of 5,100%. An investment of Rs 10,000 would have turned into nearly Rs 5 lakh. The company, owned by the RP Sanjiv Goenka Group, is India's oldest music label and TV content producer. It has a diverse range of music and also produces films and TV serials. Mutual funds own a mere 0.5% stake, while foreign portfolio investors hold around 17% in the company. Saregama India recently posted its highest-ever revenue for Q4 at Rs 207 crore.

Shares of domestic mutual funds experienced a rally of up to 14% after the Securities and Exchange Board of India deferred its decision to lower the total expense ratio (TER). The reduction in TER would have impacted the profitability of the mutual fund industry. The regulator now plans to rework the TER plan, with the new amendments likely to be less stringent. Market experts believe that this decision will benefit asset managers by enabling them to gain a larger market share over time.

With the upcoming state elections in 2024, infrastructure projects are expected to be a focus for the government. Increased government spending on infrastructure has been a trend in recent years, benefiting companies in the construction and engineering sector. The attention of investors is now shifting towards small companies involved in subcontract work for these projects. Four construction stocks listed on the NSE, NCC Limited, PSP Projects Limited, Larsen and Toubro Limited, and Ahluwalia Contracts (India) Limited, have scored well based on earnings, fundamentals, relative valuation, risk, and price momentum, according to Refinitiv's Stock Reports Plus.

Indian equities, including the Nifty50 and Sensex, experienced gains for the fourth consecutive month in June. While the benchmark indices returned nearly 3% for the month, the midcap and smallcap segments were the top performers, with about 400 stocks delivering double-digit returns. Sectors such as automobiles, healthcare, and information technology saw strong buying interest, and experts recommend long-term investors to continue accumulating quality stocks while being cautious of profit booking. The upcoming Q1-FY24 results are expected to provide further fuel to the market rally.

Would rapidly rising use of artificial intelligence tools bring more risk to software companies as some of them may lose their relevance or it would be adding more value to the manufacturing sector. This debate will dominate the street for some time to come.ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst 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.

Algorithmic trading, also known as algo-trading, is gaining popularity among Indian retail traders. It involves executing trades using algorithms that continuously monitor chosen stocks/indices and generate orders on behalf of the trader. Algo trading is not only for programmers as anyone can operate complex algorithms with ready-made commands. It is important to note that algo trading is different from machine learning and artificial intelligence. Algo trading provides discipline, speed, and precision in trade placement, eliminates emotion and biases, and allows for backtesting and optimization.

Non-Banking Financial Companies (NBFCs) have seen increased optimism in their stocks due to expectations of interest rate cuts and peaking government bond yields. NBFCs, which rely on bank borrowings and non-convertible debentures (NCDs), benefit from a changing rate environment, especially those with a higher share of floating rates. The recent decline in government bond yields indicates market expectations of a dovish stance by the RBI. Additionally, the competition in the wholesale borrowing market is expected to ease after the HDFC Bank and HDFC Ltd merger. However, factors such as credit growth and asset quality also need to be considered when evaluating the sector.

Gensol Engineering, known for its multibagger returns, will move from the BSE SME platform to the main board of the National Stock Exchange (NSE) on July 3. The company received approval after submitting its listing application and equity listing agreement. Gensol Engineering's shares have seen remarkable growth, increasing over 2,000% since its listing and doubling investors' wealth in one year. The company focuses on engineering solutions for solar power projects, with a portfolio of over 590 MWp. In the financial year ending March 2023, Gensol Engineering reported revenue of Rs 186 crore and a profit of Rs 13.55 crore.

As the U.S. stock market enters a historically strong month, investors are cautiously optimistic. The S&P 500 and Nasdaq Composite have shown significant gains in the first half of the year, defying recession fears and banking crises. However, uncertainty looms as the Federal Reserve plans to raise interest rates. Investors will closely monitor employment data, second-quarter corporate results, and the consumer price index report for insights into the state of the economy. Rising bond yields and concerns about economic fallout from rate hikes have some investors skeptical about the rally's sustainability.

The regulator alleged that the trade was done on the basis of mutual arrangement. This amounted to active concealment of fair price of the option and resulted into manipulation of the price of the contract, which had the effect of potentially misleading investors with regard to likely future price of the underlying. It had, thereby, violated Sebi's Prohibition of Fraudulent and Unfair Trade Practices Regulations, said the regulator.

Sebi noticed that the listed company also published a press release on September 13, 2022 on its letterhead, which stated "Vedanta signs MoUs with Government of Gujarat to set up semiconductors and display fab units". The said press release was also available on its website.

HDFC and HDFC Bank have approved their merger, making it the world's fourth-largest bank by market value. Shareholders of HDFC as of July 13 will be eligible for HDFC Bank stock, with eligible shareholders receiving 42 new equity shares for every 25 held. Non-convertible debentures and commercial papers will also be transferred to HDFC Bank. The merger aims to strengthen the banks' combined financial services ecosystem and facilitate greater credit flow into the economy, including infrastructure loans. All HDFC employees will become HDFC Bank employees, and the bank's subsidiaries will include various financial services entities.

The shares were issued at Rs 175 each, with the QIP opening on June 26. Foreign and domestic institutional investors, including BlackRock and Norges Bank, participated in the QIP. Aditya Birla Group chairman Kumar Mangalam Birla said this investment reflects the company's commitment to its financial services business and the confidence investors have in its strategy and growth platform.

India's equity benchmarks, the Nifty and Sensex, reached new highs as they climbed over 1% each for the third consecutive session. Financials, automobiles, and IT shares led the surge. The market capitalisation of BSE-listed firms also hit a record high. Foreign portfolio investors (FPIs) were net buyers for the third straight session, with FPIs and domestic institutional investors (DIIs) collectively contributing to the market's gains. India's strong economic outlook and attractive investment opportunities are attracting global attention, particularly as economic activity in China has slowed.

Wall Street's major indexes closed higher on Friday, with the Nasdaq experiencing its biggest first-half gain in 40 years. Apple reached a market valuation of $3 trillion, while investors reacted positively to signs of cooling U.S. inflation. The Dow Jones, S&P 500, and Nasdaq Composite all registered gains. Technology stocks led the charge, with Microsoft, Nvidia, Amazon, and Meta Platforms also making significant gains. Small-cap stocks also attracted attention, with the Russell 2000 index recording its longest winning streak since early March. The US economy's strength and cooling inflation have boosted confidence in the Federal Reserve's ability to manage monetary policy.

Equity markets in India reached new records in the last week of June, ending the month with a 3.5% gain. The rally was supported by strong foreign institutional investor flow and positive sentiment from the advance of the southwest monsoon. Several smallcap and midcap stocks delivered double-digit returns. Analysts expect the upward trend to continue, and investors will be watching for economic data releases and insights from the US Federal Reserve's FOMC minutes going ahead.

The merger of HDFC Investments and HDFC Holdings into HDFC is effective on Friday. Commercial papers of HDFC Ltd will be transferred to HDFC Bank from July 7. Shareholders of HDFC will receive 42 new HDFC Bank shares for every 25 shares held. The merger is expected to create the world's fourth-largest lender with a market cap of $172 billion.

Christopher Wood will increase investment in Zomato by one percentage point. This will be done by cutting investments in Oil and Natural Gas Corporation. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio

The merger of HDFC Investments and HDFC Holdings into HDFC Ltd is effective today, the bank says

The shares were issued at Rs 175 each, with the QIP opening on June 26. Foreign and domestic institutional investors, including BlackRock and Norges Bank, participated in the QIP. Aditya Birla Group chairman Kumar Mangalam Birla said this investment reflects the company's commitment to its financial services business and the confidence investors have in its strategy and growth platform.

Christopher Wood, the global equity strategist at Jefferies, has announced an increase in his investment in Zomato, an online food delivery aggregator, by one percentage point. This will be done by reducing the investment in Oil & Natural Gas Corp. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio by removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio. Wood believes that owning Nvidia is more beneficial in the growing field of generative artificial intelligence than owning Intel or AMD.

Warburg Pincus affiliate, Lion Meadow Investment, has sold a 0.3% stake in Bharti Airtel through a block deal, generating Rs 1,649 crore. Despite the stake sale, Airtel's stock ended higher due to strong institutional buying. Several funds, including American Funds Insurance and EuroPacific Growth Fund, have acquired stakes in the telecom operator. Airtel's African business is growing rapidly and has the potential for a separate listing, according to brokerage CLSA, which has a buy rating on the stock. In the March quarter, Airtel reported a YoY increase of 50% in consolidated net profit.

In what can be termed as a 'Ghar Wapsi' (return to home) of sorts for SGX Nifty, the early indicator of the Indian stock market is shifting base from Singapore Exchange to NSE International Exchange (NSE IX) in Gujarat's Gandhinagar.

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission