A central counterparty enables trades between different entities for contracts in various segments of financial markets. The LCH, one of the largest players in the global interest-rate swap market, facilitates transactions in more than a dozen international government debt markets.

​Nifty has reached closer to its record high after three months of gradual recovery and is currently hovering in a range. We are now at a critical juncture and eyeing 18,600 as a make-or-break level.

The capital markets regulator has proposed sweeping changes to the total expense ratio or TER - the annual fee that mutual funds collect from unit holders - that will result in the cost of investing their schemes declining. Some of these suggestions have met with strong opposition from mutual funds and intermediaries like distributors, who fear the moves would impact business in a big way.

The stock, which is also part of the S&P BSE Sensex index, moved in a narrow range between February 2023-June 2023, where Rs 1,140-1,150 acted as a stiff resistance on the upside, while support will be placed above Rs 1,000 levels on the daily charts.

Indian shares settled lower on Friday to register a weekly loss, with the Nifty 50 in negative territory through the session as hawkish central banks soured risk appetite and domestic benchmarks began consolidating. The Nifty 50 index fell 0.56% to 18,665.50 at the close, while the benchmark S&P BSE Sensex ended 0.41% to 62,979.37. For the week, the Nifty 50 and the Sensex lost 0.85% and 0.64%, respectively, both snapping a four-week winning streak. This was also their biggest weekly decline since late April.“Nifty formed a bearish Dark Cloud Cover pattern on weekly charts after falling 0.85% over the week. A quick recovery and move beyond the all-time high may be difficult in the near term. Nifty could find support in the 18459-18555 band while 18795 could offer resistance on up moves in the near term,” Deepak Jasani, Head of Retail Research, HDFC Securities, said.Here are stock recommendations for Monday:

Adani Group is targeting a 20% year-on-year growth in pre-tax profits to reach Rs90,000 crore EBITDA in two to three years. The firm has repaid loans of $2.65bn to reduce overall leverage and win back investor trust following a damning report from a US short seller. Adani aims to achieve more than 20% EBITDA increase through sustainable growth and expansion in sectors including airports, cement, renewables, solar panels, transportation and logistics, and power and transmission. Its listed portfolio EBITDA increased 36% year-on-year to Rs57,219 crore in fiscal year 2023 while its Asset Value of gross assets stands at Rs3,91,000 crore.

Stocks in focus included names like Indigo or InterGlobe Aviation, that pared gains after hitting a fresh 52-week high, PolicyBazzar, which also hit a fresh 52-week high of Rs 690 and Adani Enterprises, which fell more than 6% and was the top Nifty loser on Friday.

Penny stocks, typically with market capitalisation of less than Rs 1,000 crore, are more volatile but also have the potential to turn multibaggers in a short period of time. Here are 10 such stocks which have risen up to 300% in the first half of the current year.

To simplify the highly complex world of derivatives trading for newcomers, especially the ones who have entered the market in the post-covid world, ETMarkets Live Stream is organising a three-day online workshop with four top derivative traders of Dalal Street.

To simplify the highly complex world of derivatives trading for newcomers, especially the ones who have entered the market in the post-covid world, ETMarkets Live Stream is organising a three-day online workshop with four top derivative traders of Dalal Street.

From being a must have in portfolio to a long phase of underperformance and now clean out block trades and re-bidding for stakes have brought AMC stocks back into limelight. Is this correction a buying opportunity or will the analyst be right this time.

7 major stocks hint at a bullish trend as these stocks have closed and crossed their last month’s close. (Source: StockEdge)

here is an increased demand for sustainable and ethically sourced products/services. Consumers are progressively making investment decisions based on ESG concerns. Companies that are prioritizing sustainability, social impact, and ethical practices are more likely to attract customers as well as acquire a competitive edge, writes Marc Despallieres, Chief Strategy & Trading Officer at Vantage

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. 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".

VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a traded session by considering the total trading value in the stock and dividing it by the number of shares traded. So, here are 3 smallcap banking stocks that witnessed the defined situation.(Source: StockEdge)Important metric for traders VWAP is an important metric as it offers pricing insight into both the trend as well as value of a stock.

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.

Foreign portfolio investors (FPIs) have invested over Rs 30,600 crore ($4.5bn) in Indian equities in June, amid support for the country's macroeconomic stability and corporate earnings at a time of difficult conditions in the US and UK. They also invested Rs 3,051 crore in the debt market, attracted by the yield offered on Indian securities. FPIs had withdrawn Rs 34,000 crore during January and February before returning in force. However, further US interest rate hikes could cause fund inflows to fluctuate, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.

Last week, six of India's top-10 firms saw a drop of INR 102,280.51 crore ($14bn) in combined market valuation, with Reliance Industries suffering the biggest decline. Concern over interest rate rises and the bearish trend in global equities were identified as the reasons for the drop, with Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India the affected companies. However, gains were noted by Tata Consultancy Services, HDFC Bank, HDFC and Bharti Airtel.

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

A leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.

Which are the most valuable listed and unlisted companies in India? Take a look at the Top 5 in both categories.

European shares closed lower on Friday amid concerns of higher interest rates and inflation, prompted by central bank policy decisions throughout the week. The STOXX 600 index fell 0.3%, with the index having lost 2.9% for the week, its worst weekly performance in over three months. Siemens Energy's shares plummeted 37.3% after the company withdrew its annual profit outlook, citing quality problems at its Siemens Gamesa wind turbine unit. The basic resources index fell for the seventh straight session, posting weekly declines of 7.9%, the worst performer of the week. GSK's shares rose 4.9% after it reached a confidential settlement in a US litigation.

Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels.

As the name suggests, VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a trading session by considering the total traded value of the stock and dividing it by the number of shares traded. (Source: StockEdge)

Faze Three shares have provided a whopping return of almost 5,700% in the past decade, reaching almost INR 6 lakh from an initial investment of INR 10,000. The stock has witnessed a surge of 1,103% and offered returns of 302% in the last three and five years, respectively. The company is a majority-promoter-owned home interior product manufacturer and exporter with a market capitalization of INR 933 crore. Domestic funds have made Faze Three one of their top picks for the month. Technical analysts also suggest holding the stock at the current market price.

After consecutive gains, equity markets closed in the negative zone due to cautiousness in global markets. Despite this, Sensex reached an all-time high level. Thirty-seven small-cap stocks delivered double-digit returns during the week, and two mid-cap stocks delivered double-digit returns. Almost all indices ended in the red, with metal and commodity stocks bleeding the most. Analysts predict that the market will consolidate in the near term, and investors should use corrections to buy. Technically, there is weakness in the Nifty index, but new highs are expected to come in time.

The volume and delivery scan provides stocks that witnessed an increase in traded as well as delivered quantity during the week ended June 23. We have included stocks that rallied over 20% during the given timeframe. Here is the compilation of all such stocks (StockEdge)

Pharma as a sector has been under pressure for a very long time. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Senior Technical & Derivatives analyst Kunal Shah at LKP Securities recommends smallcap stocks such as Natco Pharma, Swan Energy and DCM Shriram. He anticipates Nifty trading within 18,500-18,900. HDFC and HDFC Bank both remain bullish with strong support and may reach all-time highs. Shriram Finance and Credit Access Grameen experienced strong breakouts, with the latter having strong support for long positions around the Rs1,300-1,280 level. Nifty Metal declined following the Federal Reserve's comments regarding potential rate hikes, while the Nifty FMCG experienced profit booking, leading to bearish momentum.

Weak economic indicators from China and concerns over global growth are hampering demand for industrial metals, with most trading at lower levels than in April. Copper and lead prices declined due to demand concerns, as did aluminium and zinc, which shed more than 50% so far. The property sector in China is beginning to stabilise, but recovery remains subdued due to high debt levels and inflation, while retail sales numbers have posted a contraction. Supply outlook for 2023 is encouraging and a deceleration of global growth and muted demand from China will continue to dominate the metals market.

Foreign Institutional Investors (FIIs) have made net investments of over Rs. 90,000 crore in the last four months in India. The buying continues as India’s strong growth potential, commendable financial results, and political and macro-economic stability make it an attractive investment opportunity. India’s macro-economic stability has shown resilience as the Consumer-Price Index-based inflation hit a 25-month low of 4.25% in May 2023, nearing RBI comfort level. The government's commitment to policy continuity, structural reforms, and business-friendly environment instils trust among investors, leading to heightened market participation.

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. 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".

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. 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".

Pharma as a sector has been under pressure for a very long time. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

A leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. 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".

Hinduja Group is in talks to increase its stake in IndusInd Bank with an investment of INR 10,000 crore. The deal is expected to be completed by the second half of FY24. The Reserve Bank of India may approve the group's request to hike IndusInd Bank's stake to 26%, which led to a more than 3% increase in the bank's shares in Friday's trade. At present, the lender's promoters own 16.51% stake in the bank while IndusInd International Holdings and IndusInd Ltd own 12.585% and 3.92%, respectively.

Investors include dividend stocks in their portfolios as they offer consistent payouts irrespective of the market sentiments. Here are 10 stocks in the PSU space with highest dividend yields in the last 12 months. Source: Axis Securities.

In the last one month as more space comes 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.

Hinduja Group is in talks to increase its stake in IndusInd Bank with an investment of INR 10,000 crore. The deal is expected to be completed by the second half of FY24. The Reserve Bank of India may approve the group's request to hike IndusInd Bank's stake to 26%, which led to a more than 3% increase in the bank's shares in Friday's trade. At present, the lender's promoters own 16.51% stake in the bank while IndusInd International Holdings and IndusInd Ltd own 12.585% and 3.92%, respectively.

Block and bulk deals involving both buying and selling actions were prominent in at least 7 companies last week, such as Shriram Finance, Timken India, and HDFC Asset Management Company, among others. Piramal Enterprises and TPG India sold over 3.12 crore and 99.18 lakh shares, respectively, in Shriram Finance, which were worth Rs 4,824 crore and Rs 1,390 crore, respectively, while Abrdn Investment Management exited from HDFC AMC selling 2.18 crore shares for Rs 4,079 crore. At least 15 prominent deals were reported, with Shriram Finance, HDFC AMC, and Timken India topping the chart.

A leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.

Blue chip stocks are established, financially sound companies with strong governance, skilled management teams, and a proven track record. They offer stability, reliability and are included in major market indices. These stocks are known for their leadership position in their respective sectors and have strong bargaining power with the customer. They have a robust financial strength, can weather market fluctuations, and have a consistent track record of paying substantial and regular dividends. While being safe and low-risk investments, blue-chip companies command high valuations, generally above the broad-market, thus making them an ideal choice for long-term investors.

Jayanth Rama Varma, a member of the Reserve Bank of India’s monetary policy committee, has criticised the bank's lack of transparency and its confusing stance on policy. Varma has called for the committee to be transparent with the public about its intentions in a clear manner. He claims the bank is still using coded language instead of plain, transparent language. The committee has stated it plans to monitor its "withdrawing from its pandemic period accommodation" approach in the face of posed inflationary risks from the weather and geopolitical disruptions.

Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels.

The company, which was set up in 1957 as a government-backed synthetic rubber maker, now supplies photoresists to global chipmakers. They are used to transfer circuit patterns on to semiconductor wafers.

In the week gone by, markets amid weak global cues ended on a weak note. Nifty on a weekly basis shed 0.85% and ended below 18,700 mark at 18,666 points. Meanwhile, broader markets which were making new highs for the past few sessions, also succumbed to the selling pressure towards the close of the week and shed around 1% in 1 week’s time.Nonetheless, here are stocks from the Nifty500 pack that closed crossing last week high (StockEdge)

Atul Shinghal, the CEO and founder of Scripbox, schedules 45-minute daily physical activity to stay focused and accomplish his goals. His daily routine includes activities like walking, badminton, or working out, combined with travel, good food, spending time with family, reading, crosswords and engaging conversations with peers. Shinghal believes that physical fitness is imperative for mental fitness, similar to building a crew that sails the ship efficiently. Moreover, he practises spirituality through prayer and visiting temples. Shinghal advises budding entrepreneurs to build their customer's trust by keeping their interest at the core and ensuring transparency.

Investor interest in HDFC Bank and HDFC has increased due to their nearing merger, with delivery volumes on both exchanges seeing an uptick this month. The merger is set to be completed next month and is expected to offer great value to investors. Share deliveries have risen by over 75% as a percentage of total volume, with delivery volumes in HDFC seeing an increase of 27% compared to last month.