In a Rs 4,140 crore bulk deal, SB Adani Family Trust sold 1.8 crore shares of Adani Enterprises at Rs 2,300, NSE data shows

The Indian government is set to inject multi-billion-dollar equity in its three big state refiners - Bharat Petroleum, Indian Oil Corp and Hindustan Petroleum Corp Ltd - in return for funding towards the firms' energy transition projects.

The Nifty Midcap index saw multiple stocks reach new 52-week highs, demonstrating resilience amidst market uncertainties. Notable performers include Coforge, Trent, Godrej Properties, Lupin, Aurobindo Pharma, Zydus Lifesciences, Power Finance Corporation, and Aditya Birla Capital. These companies showcased strong performance, driven by factors such as navigating the digital landscape, capturing consumer demand, capitalizing on housing needs, innovative healthcare solutions, dedication to research and development, healthcare solutions, strategic investments in the power sector, and diverse financial services.

Equity investors in India gained Rs 3.43 lakh crore ($46.2 billion) in just two days as the benchmark Sensex index reached a record high of 64,050.44 points. The market capitalisation of BSE-listed firms increased by Rs 3,43,718.15 crore ($46.3 billion) to reach Rs 2,94,11,131.69 crore ($3.97 trillion). Factors driving the rally include strong institutional flows, positive macroeconomic indicators, and robust earnings growth. In addition, domestic and foreign investors have been turning positive on risk assets due to falling inflation and expectations of an end to interest rate hikes.

The Nifty has reached a fresh lifetime high above the 19,000 level, forming a long bull candle on the daily chart. The positive chart pattern indicates a higher top formation, but the higher top reversal has not been confirmed. The support levels are at 18,888 and 18,777, while resistance levels are at 19,200 and 19,250. Volatility is holding below 11, supporting bullish sentiment. Option data suggests a trading range between 18,600 and 19,300. Traders are advised to stay upbeat and focus on beaten-down sectors.

Several stocks such as Titan Company, Dr Reddy's Laboratories, Tata Motors, JSW Steel and NTPC have reached their 52-week highs as Nifty breached the 19,000 mark. Dr Reddy's Laboratories has impressed investors with its stock price reaching Rs 5,119.40 and a PE ratio of 18.9. Titan Company's expertise in luxury goods has driven its stock price to Rs 3,044.40 with a high PE ratio of 82.8. Tata Motors and JSW Steel also experienced significant surges, while NTPC offers value proposition for investors. This surge reflects the positive sentiment in the market.

Investors are optimistic about the stock market as several stocks show increased delivery percentages and strong trading volumes. NHPC, Union Bank of India, Vedanta, Lupin, Devyani International, Indian Bank, and ACC have all experienced rising delivery percentages compared to the previous day and month, along with robust trading volumes. This reflects growing investor enthusiasm and confidence in these stocks and suggests positive sentiment towards their future prospects.

The Indian market soared to a new all-time high, with the S&P BSE Sensex surpassing 64,000 and the Nifty50 reaching 19,011. Sectors such as capital goods, power, healthcare, auto, and oil & gas witnessed buying activity. Stocks like Tata Motors, BLS International, and JBM Auto gained significantly, hitting fresh 52-week highs. Analysts suggest that while Tata Motors may have experienced a base breakout, better opportunities may be found elsewhere due to the absence of significant earnings growth triggers.

Marking a third round of investment in Adani stocks in the last four months, US-based GQG Partners and others on Wednesday bought around $1 billion worth of the conglomerate's stocks, according to a report. GQG and other investors have bought $1 billion of additional stakes in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

Amara Raja Batteries, Eureka Forbes, and Infibeam Avenues have shown Doji and Near Doji patterns, indicating market indecision. Amara Raja Batteries may experience a trend reversal, while investors examining Eureka Forbes should consider financials and market conditions. Infibeam Avenues has potential for a Near Doji pattern. Monitoring stock prices and market sentiment can provide insights into future performance.

On February 24, 2021, NSE had halted trading in all its segments following a technical glitch which had an adverse impact on the NSE system. Following this, the capital market regulator investigated the matter of failure of systems of both NSE and NSE Clearing to ascertain if there was any violation of regulations.

PKH Ventures, a Mumbai-based company involved in construction, hospitality, and management services, is set to list on the bourses. Long-term investors may benefit from investing in the company if it shows stable and sustained growth. However, investors should consider its limited and chequered operating history, presence in unrelated businesses, and high valuation. The IPO consists of a fresh issue of Rs270 crore and an Offer For Sale of Rs109 crore by the promoters. The company operates in construction, hospitality, and management services, and has shown revenue growth and improved net profit. The issue seems to be fully priced, with a high price-earnings (P/E) multiple compared to peers in the construction industry.

ITC is considering a new structure for its hospitality business due to concerns over high capital expenditure and weak returns. The hotel business contributes less than 5% of ITC's revenues but accounted for over 20% of its capital expenditure in the past. However, the segment has recently shown signs of improvement, with the hotels business recording strong revenue growth and returning to profitability. ITC has been focusing on an asset-light strategy, with over half of its room inventory now through management contracts. Jefferies has raised ITC's target price to Rs 530 due to improving profitability in the hotel business.

The funds will be raised subject to receiving all the statutory approvals, the company said in an exchange filing​​.

Closing Bell: Sensex ends at record high, surges 499 pts; Nifty near 19K on F&O expiry; Adni Ent rallies 6%, IndiGo 3%.

Despite Nifty crossing the 19,000 mark for the first time with $10 billion in foreign institutional investor inflows, global brokerage firm CLSA remains cautious on Indian equities. According to CLSA, the reasons for their cautious stance include rich valuations, margin erosion, overly optimistic earnings growth expectations, the Reserve Bank of India lagging behind other emerging market central banks in policy easing, and overbought conditions in the market. CLSA believes that other emerging markets such as Brazil, Mexico, and Indonesia are better positioned for policy easing.

Shares of IndiGo, the aviation major, surged over 4% on Wednesday, pushing its market capitalization above Rs 1 lakh crore. The stock has been performing well, with a gain of nearly 29% this year and about 60% in the last year. IndiGo's recent order to buy 500 narrow-body planes from Airbus has further boosted investor confidence. The airline currently operates over 300 aircraft and has a total order book of almost 1,000 aircraft to be delivered by 2035.

Benchmark indices BSE Sensex and Nifty 50 reached new lifetime highs, resulting in positive market sentiments. Nearly 40 Nifty 500 stocks reached their 52-week highs. However, there are some stocks trading at significant discounts from their 52-week highs. These include Balaji Amines, Bank of India, Brightcom Group, Campus Activewear, Central Bank of India, City Union Bank, Crompton Greaves Consumer Electricals Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., Delhivery, and EID Parry (India). Investors should evaluate the financials and growth prospects of these stocks.

MACD or Moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. So, here are the 4 stocks with m-cap over Rs 1000 crore signalling a buy based on MACD movement. On the other hand, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.

Kamdhenu Ventures has approved the issuance of bonus shares to its investors in a 1:1 ratio. Shareholders will receive one additional fully paid-up equity share for each existing share held. The bonus shares will have the same rights as existing shares and will be eligible for dividends and other corporate actions. The record date to determine entitlement will be announced later. This move aims to increase liquidity and make the stock more affordable for investors. Following the announcement, Kamdhenu Ventures' stock price has risen nearly 11% on the NSE.

The Nifty Smallcap index experienced a significant increase today, with certain stocks in the segment reaching new 52-week highs. This surge emphasizes the untapped potential in the small-cap market, as investors recognize the impressive performance and achievements of select Nifty Smallcap stocks. Notably, Angel One, Can Fin Homes, Fertilizers and Chemicals Travancore, and Kalyan Jewellers have all achieved new highs, showcasing their ability to cater to evolving investor needs and deliver strong financial solutions. These stocks have established their positions in their respective industries through innovative offerings and strategic positioning.

In technical analysis, when a stock's price surpasses its 200-day Simple Moving Average (SMA), it is seen as a bullish signal. Several stocks, including Godrej Properties, Berger Paints India, Birla Corporation, Ceat, PI Industries, Astral, and Mahindra & Mahindra, experienced this event on June 27, 2023. This suggests potential upward momentum and reflects investor optimism about their growth prospects in various sectors such as real estate, paints, cement, tires, agriculture, and manufacturing.

The RSI of a stock is the ratio of the recent upward price movements to the absolute price movement. The value of RSI ranges between 0-100, and the data computes the value of RSI taking 14 days as the reference period. So, here are the stocks whose RSI has crossed 70 from below and suggests an overbought state. (Source: StockEdge)

We are about to enter the July-September quarter. Over the past three years, during this particular quarter, the benchmark index Sensex has provided returns of 9%, 13% and 8%. ETMarkets has identified eight stocks that have consistently delivered a minimum of 40% return in each of the September quarters over the last three years. To narrow down the selection, we only considered stocks with a market capitalization exceeding Rs 500 crore. Interestingly, a couple of stocks from the list have even achieved multibagger status on a few occasions within that three-month period. Take a look. (Data Source: ACE Equity)

Consistent gains for three sessions saw the Nifty50 scale a record high and hit the 19,000 mark for the first time ever while its BSE counterpart Sensex surged past the 64,000 mark. In three sessions, investors turned wealthier by over Rs 3 lakh crore, and the bulls are still counting money.

BEML shares surged 4.2% after the company secured a Rs 385 crore order from Bharat Dynamics and Bharat Electronics for the supply of High Mobility Vehicles. The stock has risen 7% year-to-date and 28% in the last year, delivering over 150% returns to investors in the last three years. Analysts have an average target price of Rs 1,898, implying a potential upside of 17%. In Q4 FY23, BEML reported an 18% increase in profit and a decline in consolidated revenue from operations. The government of India holds 54.03% of the company's shareholding.

The BSE Bankex showed positive momentum, gaining 0.47% and reaching 50,122.15. HDFC Bank played a significant role in driving the index higher, followed by State Bank of India, IndusInd Bank, Axis Bank, and ICICI Bank. These top-performing stocks showcased the resilience of the banking sector. However, Kotak Mahindra Bank, Bank of Baroda, Federal Bank, and AU Small Finance Bank experienced declines, affecting the overall performance of the index. Investors should monitor these stocks for long-term investment potential.

Commenting on Nifty scaling a new lifetime high, Santosh Meena, Head of Research, Swastika Investmart, said that the 50-stock index surged to an unprecedented all-time high on account of solid fundamentals of the Indian economy and the consistent stability in global cues witnessed recently.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

Experts suggest that the stock price of Balkrishna Industries, a company in the tyre and rubber product industry, has broken out from a descending triangle pattern, indicating a potential increase towards Rs 3,000 levels in the medium term. The stock has been consolidating recently but has rallied by about 20% in the last three months. The stock is trading above important moving averages, and technical indicators such as the Relative Strength Index (RSI) and MACD are showing bullish signals. Experts recommend purchasing the stock with targets of Rs 3,220 and Rs 4,125 in the next four to six months.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

Investors are keenly watching a panel discussion of central bankers in Sintra, including European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda.

As nifty touches all time high, more small caps stocks are likely to join the party. Infact for last many weeks, even on days when select stocks are bringing nifty under pressure, breadth of small cap seems to be holding out. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

The Indian stock market experienced a significant increase on June 28, with the BSE Sensex reaching a new all-time high. This surge was driven by the performance of heavyweight stocks like Reliance Industries, HDFC Bank, Infosys, Larsen & Toubro, and HDFC. These companies, representing various sectors, showcased strength and resilience, attracting investor interest. Investors should closely monitor their performance and consider their potential for long-term investments.

Tokyo shares rose on Wednesday as stronger than expected US economic readings and a weaker yen boosted investor confidence. The Nikkei 225 index gained 2.02%, while the Topix index increased 1.99%. Wall Street also saw gains as positive economic data alleviated concerns about a potential recession. Major Japanese stocks such as SoftBank Group, Sony Group, Toyota, and Fast Retailing saw significant gains. The yen's depreciation against the dollar further encouraged buying.

CLSA, a brokerage firm, has given an 'Underperform' rating on HDFC Life Insurance Company, stating that it sees limited potential for the stock's upside. CLSA has set a price target of Rs 680, predicting a 2% increase from the stock's closing price on Tuesday. While Jefferies and Kotak Institutional Equities have taken a 'Buy' stance on the stock with higher price targets, HDFC Life shares fell on Wednesday as investors looked to book profits. On Tuesday, HDFC bought an additional stake in its subsidiary HDFC Life through open market transactions.

Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Given the performance of the stock, a large majority of these stocks have hold recommendations from the analysts.

The initial public offering (IPO) of Tata Technologies, one of the most awaited issues this year, has received regulatory approval. The dates for the launch are yet to be known and will most likely be in a couple of months. Here are 10 things to know about the IPO.

Adani Enterprises shares rose more than 3% in early trade on the NSE due to block deals. Meanwhile, shares of Adani Green Energy fell over 6%. Adani Enterprises' stock volume stood at over 1.91 crores. The stock has recovered 132% from its 52-week low. The company was the most active stock on the Nifty50 index. The founder of Adani Group blamed vested interests for the negative consequences of the Hindenburg report. Shares of other Adani Group companies were also trading positively.

From the Sensex pack, Tata Motors, SBI, Bajaj Finance, Bajaj Finserv, Infosys, Titan, and ITC opened with gains, while Power Grid, Kotak Mahindra Bank, Axis Bank, Tech Mahindra, NPTC and HCL Tech opened in the red.

GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

Titagarh Rail Systems' shares rose 5% after the company secured orders worth Rs 857 crore from Gujarat Metro Rail Corporation. The orders are for designing, manufacturing, supplying, and testing 72 Standard Gauge Cars for the Surat Metro Rail Phase-I Project. The stock has delivered substantial returns, surging 125% year-to-date and 403% in the last year. Brokerage firm Antique Stock Broking initiated coverage on the stock with a "buy" rating and a target price of Rs 694, citing attractive risk-reward factors and long-term growth potential. The company plans to increase its wagon manufacturing capacity to 12,000 wagons per year by FY24.

Foreign institutional investors (FIIs) have invested over $10 billion in the Indian stock market, driving the Nifty to surpass 18,900 points. After being net sellers in the previous two years, FIIs have shown interest in Indian equities since March 2023. In comparison, domestic institutional investors (DIIs) have been selling, with only Rs 1,785 crore in buying. Factors contributing to India's outperformance include strong FII equity flows, increased mutual fund equity flows, rural and capex cycle recovery, and optimism surrounding the Indian Prime Minister's visit to the US. However, the reason behind the rally in midcap and smallcap stocks is uncertain, as they have significantly outperformed largecaps.

Mutual funds in India have enjoyed success with their holdings in certain stocks, which have seen significant appreciation in prices, according to data. At least 10 stocks have returned over 100% in the past year, with more than 50 mutual fund schemes holding these stocks. Some of the best-performing stocks include IDFC First Bank, Apollo Tyres, Equitas Small Finance Bank, Varun Beverages, and Hindustan Aeronautics. However, some brokerages have downgraded their ratings on these stocks due to concerns over valuations and limited upside potential.

MarketSmith founder, late William J O'Neil, was a stock market legend who pioneered the use of historical precedent based on both fundamental and technical analysis for equity investing. His philosophy centres on seven characteristics common to the greatest stock market winners of all time.Based on his idea, a custom screen made by MarketSmith emphasizes companies with strong earnings growth and relative price strength that are within 15% of their 52-week highs. It may be most effective in the early stages of a bull market when strong stocks are ready to emerge after general market pressure eases. Here are 8 Indian stocks that match William J O'Neil's methodology of equity investing, as listed on MarketSmith:

D-Street at record highs! Sensex jumps 200 points, Nifty above 18,900. Adani Ent, Wockhardt, Vodafone Idea are some of the gainers in the morning trade.

This stock from the finance sector is set to transform itself into a primarily retail franchise, which could lead to improvement in profitability and RoA expansion from FY25 onwards. Valuations are cheap providing an adequate margin of safety. We believe there is a potential upside of 20% from the CMP," Rahul Malani, Deputy VP - Research, Sharekhan by BNP Paribas, said.

From the Sensex pack, Tata Motors, SBI, Bajaj Finance, Bajaj Finserv, Infosys, Titan, and ITC opened with gains, while Power Grid, Kotak Mahindra Bank, Axis Bank, Tech Mahindra, NPTC and HCL Tech opened in the red.

The stocks of HDFC and HDFC Bank, which previously underperformed due to uncertainties regarding their merger, are now gaining attention as management expresses their desire for the deal to be effective from July 1. Technical analysts have set targets of Rs 2,000 for HDFC Bank and Rs 3,000 for HDFC. The merger is expected to be finalized on June 30, with the record date to be announced later. Following the announcement, both stocks experienced an increase of around 1.5%.