Brokerage firms have issued their recommendations on various companies. Motilal Oswal maintained a buy rating on ICICI Lombard with a target price of Rs 1550. Jefferies initiated a hold rating on Mankind Pharma with a target price of Rs 1830. Bernstein initiated an outperform rating on Delhivery with a target price of Rs 460. ICICI Securities initiated coverage on Suzlon with a buy rating and a target price of Rs 22. The firms cite factors such as industry growth, earnings potential, and market leadership in their recommendations.

In the Nifty500 pack, nine stocks crossed above their 200 DMA (Daily Moving Averages) on June 28, 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:

This bounce in stock triggered a breakout from the horizontal-trendline resistance, which invites buying opportunities.

The Indian market is expected to open higher but may consolidate at higher levels due to mixed global cues. The Sensex rose nearly 500 points and the Nifty50 closed at a fresh record high on Wednesday. India VIX increased by 1%, remaining below 11 zones which support the bulls. Options data suggests a trading range between 18600 and 19300 zones, with immediate support at 18888 and 18777 zones. Experts recommend buying stocks such as Quess Corp, Godrej Properties, L&T, JSW Steel, Sun Pharma, IndusInd Bank, and PFC.

In the Nifty 200 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on June 28, 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.

Nifty futures on the Singapore Exchange traded 99 points, or 0.52 per cent, higher at 19,185, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

The stock price of this company had bottomed out in May and formed a higher low, thereafter. Now it has given a trendline-resistance breakout on a closing basis. The candle formed can be considered a bullish Marubozu. The surge in volume over the past few sessions is supportive of the breakout. The stock is expected to be propelled higher and to challenge its previous peak.

Equity benchmarks reached all-time highs on Wednesday, driven by foreign investment and a rally in developed markets. Stocks such as Titagarh Wagon, Titan, and Quess Corp gained on Wednesday, prompting recommendations from Riches Vanara, Technical And Derivatives Analyst at stoxbox. While Titagarh Wagon shows constructive base formation, caution is advised due to overheated price momentum. Titan, on the other hand, shows positive price action and bullish momentum, making it a buy with strong support levels. Quess Corp has broken resistance and consolidation zones, indicating a buy opportunity with supportive volume.

LTP as on June 28: Rs 47.1| Change over the previous day: -1.8%

In the Nifty500 pack, nine stocks 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 June 28.

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

Analysts at Citigroup believe that Apple Inc. still has the potential to rally another 30%, even after recent gains that took the company's valuation close to $3 trillion. Atif Malik, an analyst at Citigroup, started coverage of Apple with a buy rating and a $240 price target, the highest among Wall Street analysts. Malik believes that the Street is underestimating the potential for continued gross margin expansion at Apple, driven by a shift towards higher-end iPhones and further market share gains in China and India.

The yen weakened to below 145 per dollar, its lowest level in over seven months, amid concerns of potential intervention from Japanese authorities. The yuan also faced pressure due to a faltering economic recovery in China. Speculation has arisen that the Japanese authorities may intervene as the yen nears the level of 145 per dollar, which prompted intervention in September. Meanwhile, in China, factory survey data showed that manufacturing activity contracted for a third consecutive month in June. The onshore yuan reached its lowest point since November.

The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase & Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion.

Asian stocks dipped on Friday as strong U.S. economic data increased expectations of higher interest rates, and concerns grew over the weakening yen prompting possible intervention by Japanese authorities. The MSCI's Asia-Pacific index outside Japan fell 0.21%, while the Nikkei dropped nearly 1%. China's manufacturing activity also contracted for a third consecutive month in June. The data painted a picture of a resilient U.S. economy, leading to expectations of further interest rate hikes by the Federal Reserve.

Bank shares rallied after passing the Federal Reserve's stress test, boosting the Dow and the S&P 500. Strong economic data also fueled expectations of further interest rate hikes. Treasury yields rose as recession fears eased, leading investors to focus on economically sensitive sectors. However, concerns that the Fed would maintain higher interest rates for longer dampened some rate-sensitive growth sectors. The S&P 500 banks index closed up 2.6%, and the relief rally also lifted the KBW Regional Banking index by 1.8%. The Dow rose 0.8%, while the S&P 500 gained 0.45%. The Nasdaq Composite ended slightly lower.

“This stock has recently witnessed a breakout from a consolidation range of 480-625 and is likely to retest the record high soon. We thus recommend creating fresh longs for a target of Rs 740 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Promoter company Housing Development Finance Corp (HDFC) has further bought 0.77% stake in its subsidiary HDFC Life through bulk deals on Wednesday.

An inflation print higher than the mandated band of 2-6% puts household debt portfolio of many retail borrowers at risk, the central bank said.

Lenders could recover more than ₹10,000 crore, or about 40% of verified claims, under the proposal from IndusInd International Holdings Ltd (IIHL). As much as 99.6% of the lenders favoured the plan as the voting ended Thursday, they said.

If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.

The lender has valued the investment bank's shares at ₹628.09 apiece, a premium of 2.25% to Wednesday's closing price, and more than 11% to its undisturbed price before the plan was announced on Sunday.

These are some of the questions wealth managers are flooded with of late as investors look at ways to participate in the record-breaking up-move in the market. Investment advisors are, however, recommending caution and advising against making bulky purchases in stocks or plain vanilla equity mutual funds at this juncture because the markets at all-time highs are expensively valued.

Fintech companies say that such an extension will allow more skin in the game and give banks the confidence to enter into more such tie ups.

Four special resolutions, including on the appointment of an independent director and alteration of the company's articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.

MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022.

This is the second time the sale of this distressed asset has encountered obstacles, following a Morgan Stanley-run fund's withdrawal from a deal to purchase it a year ago.

Textile industry player KPR Mills has reached a new 52-week high in June. Experts suggest that short-term traders should consider buying the stock, with a potential target of over Rs 700 in 1-2 months. The stock recently broke out of a consolidation range and is trading above important moving averages, indicating a positive trend. The experts recommend creating long positions in the range of Rs 660-680, with a stop loss below Rs 625.

Bank shares in the US rose after major lenders cleared the Federal Reserve's annual stress test, boosting stock indexes. Bank of America, JPMorgan Chase, Goldman Sachs, and Wells Fargo all saw gains after the health check showed they had enough capital to withstand economic difficulties. Strong economic data also contributed to the positive market sentiment.

AI is revolutionizing the capital markets, leading the second wave of innovation in finance. Before AI, traders relied on stock analysts and media coverage for investment decisions. The rise of online trading platforms democratized the sector, eliminating high brokerage fees. Now, AI-powered trading platforms use advanced algorithms to analyze and predict stock market movements, providing valuable insights for investors.

The Nifty50 Index is trading near its all-time high levels and has rallied by 11% following positive market sentiments. FPI flows into Indian equities have turned positive due to the upgrade in GDP growth forecasts and stability in the currency. Commodity prices have weakened, leading to the possibility of stable or lower inflation, which could result in a rate cut later in the year. Macroeconomic data supports continued strength in Indian equities, with surveys indicating strong activity levels and improving consumer sentiment. The index is expected to reach 21,000 based on earnings growth and improving macro conditions.

FTSE Russell is expecting HDFC Bank to replace Housing Development Finance Corporation (HDFC) in the FTSE Global Equity indices after the completion of their merger. In non-market capitalisation weighted indices, HDFC will be removed but HDFC Bank will not be added. A tentative completion date for the merger has been shared, and once it is effective, FTSE Russell will issue a notice

Blue-chip Nifty 50 and Sensex indexes rallied to hit record highs on Wednesday, lifted by gains in Adani group stocks and heavyweight financials on the back of persistent foreign buying, stable macros and steady corporate earnings. Both Nifty and the BSE Sensex notched fresh all-time closing highs, with the former closing 0.82% higher at 18,972 and Sensex settling at 63,915. Broader markets also had a good run.“The current upward momentum could continue and the 19,000-19,200 band could be the next resistance for Nifty in the near term. 18,646 could be the support on corrections, Deepak Jasani, Retail Research Head, HDFC Securities, said.Here are stock the recommendations for Friday:

Institutional shareholders are increasingly voting against resolutions passed by company managements, indicating a growing trend among investors to make their voices heard. In FY23, over 20% of institutional shareholders opposed 1,833 resolutions, a 44% increase over the previous year. For Nifty50 companies, resolutions with over 20% dissenting votes increased by 35% YoY. The rise in advocacy is attributed to mandatory e-voting, stewardship codes, proxy firms, and increased institutional holding. Despite the dissent, the majority of resolutions still passed due to high promoter holding.

India’s fifth largest stock broker ICICI Securities on Thursday announced that it will become a wholly-owned subsidiary of its parent company ICICI Bank upon delisting. As part of the acquisition, which is akin to merger but not merger, public shareholders of ICICI Securities would be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company.

Bank stocks rise after major lenders cleared the Federal Reserve's annual stress test

Hindustan Unilever (HUL) shares are trading near their 52-week high but lack momentum due to a strong resistance zone around 2,700-2,720. Until this resistance is broken, the stock is expected to trade sideways. Technical analysts suggest a strong support at the 200-day SMA of Rs 2,550-2,560. Momentum indicators show potential upside, but it is important to note that the stock has trailed the Nifty FMCG index. Several brokerages recommend HUL as a preferred stock in the FMCG space due to low inflation and improved margins.

Securities and exchange board of India, or SEBI as we know it, recently- approved - a range of measures in its board meeting. These measures have been taken to strengthen the securities market and the Corporate Governance of listed entities. Watch!

​Sebi also wants regulated entities like brokers, mutual funds and exchanges to stop dealing with unregistered finfluencers. After a board meeting on Wednesday night, Sebi chairperson Madhabi Puri Buch said a discussion paper to regulate financial influencers will be out in the next couple of months.

ECB President Christine Lagarde on Wednesday cemented expectations for a ninth consecutive rise in euro zone rates in July.The ECB has raised rates at each meeting over the past year, taking its deposit rate to 3.5%, and promised more tightening as it attempts to curb inflation still running at three times its 2% target

June quarter earnings of domestic IT companies are expected to be soft, but a revival is anticipated in the second half of FY24, according to ICICI Securities. The brokerage remains optimistic on the prospects of Infosys, Persistent Systems, and Tata Consultancy Services (TCS), recommending a 'buy' and upgrading HCL Technologies to 'add'. LTIMindtree, Happiest Minds, and Tech Mahindra have been downgraded. ICICI Securities expects a resilient tech spend demand over the medium-to-long term, with triggers for growth including healthy guidance from SaaS players and a stable or growing deal pipeline. Risks include potential negative impacts of Generative AI on pricing and margins.

The Securities and Exchange Board of India (Sebi) has released a consultation paper proposing a framework for delisting of Non-Convertible Debentures (NCDs) by listed entities, which includes corporates, REITs, and InvITs. The proposed regime requires unanimous consent from all NCD holders prior to delisting. The paper also raises concerns about the impact on issuers' flexibility to raise debt and potential issues with the rights of certain investors upon delisting. Clarifications are needed to exclude REITs and InvITs from the framework. The current listing regime allows exit options for issuers and investors after one year, but the paper does not provide clarity on delisting options before this period. There could be tax implications for investors if listed NCDs are delisted. Overall, while introducing a delisting mechanism for NCDs is a positive step, the proposed framework may not be suitable for the complex regulatory landscape in India.

As a wise investor, staying up-to-date with important market news is essential. In that vein, it's vital that you are aware of the mega-merger between HDFC and HDFC Bank. Familiarizing yourself with the details can help you make informed decisions about your investments.

Public shareholders of ICICI Securities will be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company. The delisting is due to regulatory restrictions on the bank from undertaking securities broking business.

The Nifty 50 has been experiencing a time correction for the past 20 months, trading within a narrow range. This has frustrated investors, but the market is expected to return to its normal course in due time. The prolonged stagnation can be seen as an opportunity cost, as alternative investments could have earned a risk-free 6-7% return. However, the time correction has resulted in more comfortable valuations, with earnings improving and inflation showing signs of easing. Major central banks have also paused rate hikes. Overall, investors should remain patient and unaffected by the time correction.

The Securities and Exchange Board of India (Sebi) is preparing a discussion paper to regulate unregistered financial influencers, or finfluencers, who offer investment advice to the public. Sebi's chairperson, Madhabi Puri Buch, stated that the paper should be ready for public comments within the next few months. The move follows the income tax department's issuance of notices to top social media influencers for unpaid taxes and recent searches on the top YouTubers in Kerala for similar offenses. Sebi aims to regulate finfluencers who offer unsolicited investment advice without proper registration.

Target Accrual Range Forwards (TARFs) are financial instruments that allow investors to hedge against currency risk or speculate on currency movements. They strike a balance between stability and potential gains in foreign exchange transactions, making them useful for companies engaged in international trade, investors with currency exposure, or currency speculators

Public shareholders of ICICI Securities will be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company. The delisting is due to regulatory restrictions on the bank from undertaking securities broking business.

Shares of H&M climbed 7.3% to an over one-year high after the world's second-biggest fashion retailer topped expectations for quarterly operating profit and said its third-quarter sales were also off to a good start.

Target Accrual Range Forwards (TARFs) are financial instruments that allow investors to hedge against currency risk or speculate on currency movements. They provide exposure to foreign exchange rates while limiting potential losses within a predetermined range. TARFs involve exchanging currencies at a target rate, but if the reference rate moves outside the target range, the exchange rate becomes variable. TARFs strike a balance between stability and potential gains in foreign exchange transactions, making them useful for companies engaged in international trade, investors with currency exposure, or currency speculators. It's important to understand the specific terms and conditions before engaging in TARFs.