The markets on Tuesday started off on an even keel, but staged a recovery later. The Nifty saw a corrective move in the morning but entered into the positive territory during the day, only to end the session with a rise of one-third of a percent.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 3 Nifty500 stocks that have established a bullish engulfing pattern on Tuesday and hint at bullish reversal in the future. (Source: StockEdge)

In the NSE list of stocks, eight 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 June 20.

Using the candlestick scanner, one can identify the stocks where the bulls are currently ruling the roost, nonetheless the bears are quietly making a move. So, here are smallcap stocks that established Bearish Cross in trade on 20 June, 2023. This pattern is indicative of an upcoming change in the current bullish trend. (Source: StockEdge)

Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 DMA and is expected to move further upside with significant volume. Tata Motors has performed well with its major averages of 20 DMA, 50 DMA and 200 DMA moving upwards. Central Bank of India has breached the downward falling channel on a positive note, indicating an upward movement.

Asian stocks were subdued due to lack of new stimulus steps from Beijing, leading to speculation around US Federal Reserve Chair Jerome Powell's hawkish stance on interest rates. The S&P 500 futures and Nasdaq futures remained flat, while EUROSTOXX 50 futures rose 0.2%, and FTSE futures 0.1%. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.8%. The yen recovered amid profit taking on short positions, but the markets are concerned about the lack of urgency by the Bank of Japan to change its policy of keeping bond yields low.

Indian tech unicorns such as Paytm, Zomato, and PB Fintech have rebounded from a global selloff last year and have gained between 28% to 69% this year, adding over $4.7 billion in market value. These companies have focused more on profitability, leading them to exit businesses that showed little promise and cut costs. Even though the global concerns remain, the sector has regained interest as pandemic-safe investments due to its potential in emerging technologies such as artificial intelligence. Despite their gains this year, some shares still trade below their IPO price.

US stocks closed lower as investors took profits following a sustained rally amid concerns of weakening global demand. The sell-off followed the Nasdaq Composite's longest winning streak since March 2019, and the S&P 500's longest since November 2021. Federal Reserve Chairman Jerome Powell's congressional testimony on Wednesday will be closely watched for clues regarding the length of the central bank's restrictive policy. Of the 11 major sectors of the S&P 500, all except consumer discretionary stocks were in negative territory. Energy shares posted the largest drop, as signs of weakening Chinese demand increased concerns over slowing global demand.

"This stock was one of the very few auto names which failed to bank on the strong upside enjoyed by the auto space. However, this is expected to change, and the stock is likely to witness a period of strong upside as well as outperformance," Gaurav Bissa, VP, InCred Equities, said.

Norway-based Norges Bank has sold partial stake in Archean Chemicals through open market transactions on Tuesday.

Reliance Industries has been granted permission by the Reserve Bank of India (RBI) to retain $2bn over its raised $3bn loan in the last fiscal year to use for working capital and expansions in energy and telecoms. The strong demand for the loan saw the company retain more than needed. Lenders from the UK, the US, India, South Korea, Taiwan and Mauritius were involved in the initial loan deal.

Cyber insurance premiums have surged 50-60% in the past year as reinsurance rates have gone up amid a global increase in cyberattacks and ransomware incidents. To cope with these soaring costs, companies are adopting measures such as reducing coverage capacity or increasing deductibles to maintain affordable premiums.

In FY13, Piramal Enterprises sold its domestic pharmaceutical formulations business to Abbott Laboratories for ₹17,000 crore and had invested part of the proceeds in Shriram Group companies. Piramal invested ₹4,583 crore across three Shriram Group entities, according to a Crisil report.

On February 24,2021, NSE halted trading in all its segments. The stock exchange informed that it has multiple telecom links with two service providers and that it received communication from both of them that there are issues with their links due to which there is an adverse impact on its system.

Consumer Price Index (CPI) inflation was at 4.25% in May, the lowest in 25 months. With the price gauge now not too far from the Reserve Bank of India's target of 4%, it could be reasonable to see markets building up hopes of interest rates being lowered after a year of aggressive policy tightening.

HDFC Bank (after the effective date of the proposed amalgamation of, inter alia, HDFC into HDFC Bank) will hold over 50% of the shareholding of HDFC Life in compliance with Indian laws", the CCI said.

The Bengaluru-based firm said for retail investors, the entitlement ratio - the indication of minimum shares that the company will definitely accept in the buyback - has been fixed at 23.4%, while for others, it is 4.3%. Analysts recommend retail investors tender shares in the buyback programme given the ongoing uncertainty in the sector.

In an exchange filing, IIFL Securities said the order will not affect the company's existing business with the existing clients and it will appeal against the regulator's order in Securities Appellate Tribunal (SAT).

Extending its winning run to the eight straight day, the Nifty Smallcap 250 hit a new high of 10,535.25 before closing at 10,524.90, up 42.4 points or 0.4% from Monday's close.

The automaker's shares ended as the best performer on the Nifty 50 with over 3% gains at ₹583.40. So far in 2023, the shares have gained more than 50% and are the best performing on the Nifty 50.

Indian commercial vehicle manufacturer Ashok Leyland may reach fresh record highs of Rs 200 in the next two to three months, predict experts. The stock hit a 52-week high of Rs 170.15 on 19 June but failed to keep up the momentum. The 5-year high is placed at Rs 167.50, recorded in May 2018

Wall Street's indexes fell with investors apprehensive of big bets ahead of Federal Reserve Chairman Jerome Powell's two-day testimony before Congress. Except for consumer discretionary, all other S&P sub-sectors were pessimistic. Real estate and financials were down 1.3% and 0.8%, respectively.

The issue will be subject to shareholder approval, with the record date for eligibility to receive bonus shares yet to be announced. Bonus shares, which are fully paid additional shares issued by a company to its existing shareholders, are intended to increase liquidity and reduce the stock price to make it more affordable for investors.

This follows the UK investor’s exit from private insurer HDFC Life, where it sold some INR2,000cr of shares in the pre-merger stake sale. HDFC AMC returned to shareholders nearly 123 times the cost of its pre-IPO investment, while its shares rallied almost 11.39% to INR2,108.05 on Tuesday.

Norges Bank, through its Government Pension Fund Global, has sold around 0.77% of the stake in Archean Chemicals via open-market transactions. This equates to roughly 9.5 lakh shares, and the sale was made at a price of INR510.87 ($6.80) per unit. Norges Bank received INR48.5 crore from the transaction. The company has been showing marginal growth, with net profit for Q1 nearly flat compared to INR372 crores in 2019. In contrast, Societe Generale bought 0.52% of shares in Archean Chemicals.

The European Energy Exchange (EEX) has agreed to acquire Nasdaq's European power trading and clearing business. The transfer includes open positions in power and carbon futures across France, Germany and the Nordic region. The deal, expected to be finalised in H1 2024, will not include Nasdaq’s European markets services. EEX is seeking to change the structure of the Nordic market, which consists of 12 bidding zones, with the replacement of Electricity Price Area Differential (EPAD) contracts with zonal futures. However, the move could lead to challenges for small, Nordic customers.

European stocks and US futures dipped on Tuesday with China’s rate cuts falling below expectations and investors waiting for more details on China's economic recovery plan. China decreased its benchmark loan prime rates for the first time in 10 months by 10 basis points, lower than expected. The cut comes after stock market declines across Asia. Bank of America analysts said their effect was marginal and otherwise unlikely to boost an economy slide in the near term. Market speculators anticipate further stimulus measures, but investors remain sceptical. Citi is one of several major banks that has now lowered growth forecasts for China.

Benchmark indices Sensex and Nifty bounced back from early lows to close higher on Tuesday helped by fag-end buying in IT, teck, power and utilities shares. The 30-share BSE Sensex settled higher by 159 points to 63,327.70. The NSE Nifty advanced 61.25 points to end at 18,817.“The near term uptrend in Nifty remains intact and one may expect Nifty to reach up to 19100-19200 levels in the next 1-2 weeks. Immediate support is placed at 18650 levels,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are the stock recommendations for Wednesday:

The emergence of the Bullish Strong Line pattern has caught the attention of market experts and can serve as a bullish reversal signal in a downtrend. ETMarkets has identified three potential bullish opportunities where this pattern has emerged, including Mangalore Refinery and Petrochemicals Ltd. in the oil and gas industry, CreditAccess Grameen Ltd. in the microfinance sector, and Infibeam Avenues Ltd. in the e-commerce and digital payments solutions space. Investors should conduct thorough research and analyze various factors before deciding to invest, including market conditions, industry trends, and company fundamentals.

The Kotak Flexicap Fund, the largest open-ended equity fund in India, has seen steady growth in its Asset Under Management (AUM) despite tough times such as the Covid-19 pandemic. The fund, which focuses on identifying scalable businesses with solid cash flow and capital efficiency, has a proven track record of delivering strong returns. Fund manager Harsha Upadhyaya emphasized the importance of adhering to investment discipline and valuation-based stock selection. The Flexicap Fund's success over the past 11 years is attributed to these strategies that have guided it through market cycles.

TruCap Finance, a BSE-listed NBFC that focuses on MSMEs' financing needs, has listed its equity shares on the National Stock Exchange (NSE) today. The MD and CEO of TruCap Finance believe that this move will open doors for more investors to be part of the company's growth story. The company has opened 54 branches from April 2022 until May 2023, taking the total count to 94. It has also tied up with five lenders as L-a-a-S. The company's disbursed loans grew significantly during FY23, jumping to Rs. 10.1 billion from Rs. 4.2 billion in FY22.

The NSE Clearing Ltd has paid Rs 22.88 crore as part of the settlement, the capital market regulator said.

SEBI has cautioned Nuvama Wealth and Investment, formerly called Edelweiss Broking, to ensure the proper conduct of all its businesses and to report suspicious transactions on time. This warning was part of an order that surfaced in relation to allegations that Nuvama Wealth violated code of conduct regulations back in 2014.

Piramal Enterprises is set to sell its 8.34% holding in Indian consumer finance firm, Shriram Finance, through a transaction which will see about 3.1 crore shares sold off at a rate of Rs 1,483 per unit, a 5% discount from current levels. Investors in Shriram Finance include Morgan Stanley, Bajaj Allianz Life Insurance, ABSL MF, DSP MF. In Q1 2017, Shriram Finance reported a 20% YoY rise in profit to Rs 1,308 crore.

Dow falls 92.46 points at the open to 34,206.66. S&P 500 opens lower by 13.48 points and the Nasdaq Composite drops 47.28 points at the opening bell

​​This acquisition is part of the merger deal between HDFC Ltd and HDFC Bank. After the merger of HDFC with HDFC Bank, the bank will hold over 50% stake in HDFC ERGO General Insurance.

On Tuesday, the Sensex benchmark index gained approximately 160 points, reaching a closing level of 63,327. Amid this rally, six stocks belonging to the BSE FMCG index reached new highs for the 52-week period. The 52-week high holds significant importance for traders and investors as it represents the highest price at which a stock has traded in the past year. This indicator plays a crucial role in evaluating a stock's present worth and forecasting future price patterns

The market capitalization of BSE-listed firms reached a new all-time high of Rs 293.51 lakh crore driven by the recovery of the Sensex after last week's slump. The 30-share BSE benchmark rose 0.25% to end at 63,327.70, just 255.37 points away from its intra-day record peak of 63,583.07. According to experts, there may be intermittent hiccups like interest rate uncertainties, economic slowdowns and inflation woes that can destabilize the rally. Power, utilities, auto, IT, teck, and metal sectors witnessed gains, while services, oil & gas, energy and industrials were the laggards.

The Rs 480 crore IPO of HMA Agro Industries, one of the largest exporters of frozen buffalo meat products from India, opens for subscription today and closes on June 23. Here are key things to know about this public issue. Watch!

Indian equities have gained 10% year-on-year in the June quarter so far compared with 4% and 6% return of the Emerging Market (EM) and Developed Market (DM) indices respectively thanks to renewed interest of foreign investors and sustained flow of SIP linked funds. Given this outperformance, India’s share in the global market cap has increased by 20 basis points to 3.2% as on June 20 from the beginning of the current quarter

The index has broken out of its higher high formation of the last five sessions. Now, it has to hold above 18,777 zones to witness an up move towards 18,888 and 19,000 zones, while on the downside support exists at 18,710 and 18,666 zones, said Chandan Taparia of Motilal Oswal.

​​Stocks in focus include names like Fertilizers & Chemicals Travancore (FACT), which was up nearly 10%, Timken India, which fell nearly 7%, and HDFC AMC, which rallied over 11% on Tuesday.

The BSE Sensex rose by 0.25% to reach 63,328, led by gains in tech and financial stocks, while caution ahead of US Federal Reserve Chair Jerome Powell's congressional testimony capped the gains. The Nifty index closed 0.33% higher at 18,816. Tata Motors, Power Grid, and HCL Tech were the main contributors to Sensex's gains.

The Moving Average Convergence Divergence (MACD) indicator is a helpful tool for investors seeking potential opportunities in the stock market. Recently, ETMarkets identified five Indian stocks with a Bullish MACD Crossover, each with a market capitalization of over Rs 50,000 crore. These include Tata Motors, HCL Technologies, Life Insurance Corporation of India, Vedanta, and ITC Ltd. However, investors should conduct comprehensive research and consult financial advisors before making any investment decisions, as investing in the stock market carries risks.

ETMarkets' screener has highlighted 9 stocks with RSI above 75, indicating overbought conditions. With a market cap over Rs 50,000 crore, these companies may present potential investment risks. This article provides an interactive and informative analysis of each company's business and financial data to assist potential investors in their decision-making process.

ETMarkets' screener has highlighted 9 stocks with RSI above 75, indicating overbought conditions. With a market cap over Rs 50,000 crore, these companies may present potential investment risks. This article provides an interactive and informative analysis of each company's business and financial data to assist potential investors in their decision-making process.

From the Sensex pack, Tata Motors, Power Grid, and HCL Tech were the top performers, rising 2-3%. Tech Mahindra, NTPC, L&T, Axis Bank, and Kotak Bank also closed with gains.

Closing Bell: Sensex recovers 526 pts from day’s low, ends 159 pts higher; Nifty above 18,800; Saregama surges 10%, TaMo 3%

In its order, Sebi found that IIFL has misused the funds of its credit balance clients for settlement of its proprietary trades as well as the trades of its debit balance clients from April 2011 to June 2014, and the said violations were again noticed during March 2017 inspection for the period of FY 2015-16 and 2016-17.

Several stocks hit their respective 5-year highs on June 19, 2023, showcasing strong performance and attracting investor attention. Titagarh Railsystems closed at 466.7, Welspun Enterprises at 194.2, Mishra Dhatu Nigam at 284.15, Inox Wind at 161.7, CIE Automotive India at 525.75, Cholamandalam Financial Holdings at 935.5, and Precision Camshafts at 195.25, all surpassing their previous 5-year highs. The stocks' commendable performance reflects investors' confidence in the companies and their positive trajectory.