Apple's market value breaches $3 trillion mark again. Shares of the world's most valuable listed company were up 0.9% at $191.4 in morning trading.

The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

Hindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and construction segment, destocking in the can segment, and low aluminum prices. Kotak Institutional Equities maintains an 'add' rating for Hindalco's shares, but believes that the stock will remain under pressure in the near term. Novelis is projected to have earnings before interest, tax, depreciation, and amortization of $444 per tonne in 2023-24 and $475 per tonne in 2024-25. The demand for cans is expected to remain weak, but the automobile segment continues to show strength.

U.S. airline stocks are set to have their strongest monthly performance since 2021, fueled by lower fuel prices and strong travel demand. Despite inflation and signs of a slowing economy, travel spending has rebounded and the number of Americans traveling by air during the Fourth of July holiday is expected to surpass previous records. The outlook for the summer months is optimistic, with a projected 1% increase in passengers compared to 2019. However, analysts expect air travel demand to moderate in the second half due to uncertainty and limited visibility.

The benchmark index Sensex witnessed a noteworthy rise of approximately 803 points on Friday, closing at a level of 64,718. During this surge, 5 stocks from the BSE auto pack scaled new highs within the 52-week timeframe. The 52-week high is an important factor for certain traders and investors, serving as a vital technical indicator to assess a stock's current value and anticipate possible price changes. It signifies the highest price at which a stock has traded in the past year.

Apple's market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark.

The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

The Nifty formed a long bull candle on Friday, closing at a lifetime high of 19,189. Chart readers suggest the index has been forming higher highs on a weekly scale and supports are shifting higher. The index needs to hold above 19,100 to extend the move towards 19,300 and 19,500.

The Golden Crossover pattern is a bullish signal in which a stock's short-term moving average crosses above its long-term moving average. This pattern indicates a potential uptrend and presents a buying opportunity for investors. ETMarkets has identified 10 stocks that recently exhibited the Golden Crossover pattern, including BSE, Graphite India, and Honeywell Automation India.

Nuvama Wealth Management will be removed from the FTSE Global Smallcap index, according to FTSE Russell. The company, which recently demerged from Edelweiss Financial Services, has not started trading on the stock market yet. Therefore, the global index aggregator made the decision to remove Nuvama from the smallcap index. Nuvama aims to triple its client assets and base by 2028 and expand its presence in more cities and offshore markets.

Easy Trip Planners' promoter Rikant Patti has sold a 5.75% stake in the company, reducing his shareholding to 26.38%. The details of the deal were not disclosed. The other two promoters, Nishant Pitti and Prashant Pitti, did not participate in the sale. The company's shares dropped over 5% following the announcement. Easy Trip Planners is a major player in the online travel industry, offering various services including air ticket bookings. Despite the stock's low performance, it is still considered expensive based on its valuation.

Cummins India, Ashok Leyland, and IDFC First Bank are expected to be included in the MSCI India Standard Index in September, which could result in significant inflows from passive funds. Emkay Global Financial Services predicts inflows of $108 million, $134 million, and $101 million, respectively, for these stocks.

The Relative Strength Index (RSI) is a crucial technical indicator for analyzing stock movements. It helps investors identify potential shifts in stock momentum. Stocks that are in the overbought zone with bearish or declining RSI trends may indicate a possible reversal or slowdown in price appreciation. In this article, ETMarkets explores 10 such stocks that are currently in the overbought zone with bearish RSI trends. The RSI is a widely used momentum oscillator that ranges from 0 to 100, providing insights into whether a stock is overbought or oversold.

The Relative Strength Index (RSI) is a useful tool for understanding stock movement and identifying potential opportunities in the market. When the RSI value trends upward, it suggests that buying pressure may be increasing, potentially leading to a price rally or continuation of an existing uptrend.

Several stocks from the S&P BSE500 index, including ABB and Coforge, reached new 52-week highs, indicating a bullish sentiment in the market. Aditya Birla Capital, Amara Raja Batteries, Apar Industries, Birla Corporation, CCL Products, Cummins India, and Cyient also experienced significant increases in their stock prices, reaching new 52-week highs. These updates were sourced from BSE at 1:50 pm and may come with a lag.

Crossing the 50-day Simple Moving Average (SMA) is seen as a positive signal in the stock market, indicating potential short-term market sentiment and a bullish trend. Several stocks, including Aarti Drugs, Alkem Laboratories, ACC, Solar Industries India, Star Health and Allied Insurance Company, Mahindra Holidays & Resorts.

The market capitalisation of all listed companies on BSE surged by Rs 2.36 lakh crore to Rs 296.47 lakh crore in Friday's trade. Meanwhile, in the month of June, the market cap of all listed firms on BSE advanced 12.35 lakh crore to Rs 296.47 lakh crore.

Closing Bell: Sensex extends record rally to 3rd day, surges 803 pts; Nifty tops 19,150; JK Tyre zooms 14%, Biocon 8%

On Friday, both Sensex and Nifty 50 clocked more than 1% gains and scaled lifetime highs of 64768.58 points and 19201.70 points, respectively. Nifty 50 settled at a record closing high of 19189.05 points​ and Sensex at 64718.56 points. ​

Today's trading session marks the end of the first quarter of FY24. ETMarkets has analysed stocks that have delivered a minimum of 15% return in each of the last 3 months within this quarter. To narrow down the selection, only stocks with a market cap exceeding Rs 1,000 crore were considered. Surprisingly, 13 stocks from the BSE universe have met the criteria. Among this list, an impressive 7 stocks have turned into multibaggers within the first three months of FY24. Let's take a look. (Data Source: ACE Equity)

Several stocks, including Gillette India, Rain Industries, Avenue Supermarts, IRB Infrastructure Developers, Sun Pharma Advanced Research Company, Trident, and Petronet LNG, crossed their 200-day Simple Moving Average (SMA) on June 28, 2023. Crossing the 200-day SMA represents a bullish trend and suggests potential price appreciation for these stocks. This milestone is significant for investors and traders, signaling upward momentum and a positive outlook for the stock.

For better prediction of future trends and prices of stocks, technical analysis tools are now widely used. Among them one of the indicators or tools is the Average Directional Index (ADX). Here, we have identified six stocks with a market cap of over Rs 1000 crore that are entering a strong trend zone based on ADX. Further note that for these stocks ADX has gone above from below. (Source: StockEdge).

Several stocks from the S&P BSE Midcap index surged to new 52-week highs, including MRF, Corforge, Aditya Birla Capital, L&T Finance Holdings, Lupin, M&M Financial Services, Muthoot Finance, PFC, Polycab India, REC, and Shriram Finance. These impressive performances indicate a bullish market sentiment. The data was sourced from BSE at 2.15 pm and may have a lag in real-time updates.

ET NOW Exclusive | Byju's seeks investors for Aakash Education stake, as per sources. How much stake does the co plan to sell? From the shareholding pattern to the history of the coaching company, ET Now's Anu josh is here with the details

The Relative Strength Index (RSI) is a vital tool for analyzing stock movement and identifying potential opportunities in the market. This article highlights 10 stocks that have experienced a decline in RSI, indicating a potential change in momentum. RSI values range from 0 to 100 and provide insights into whether a stock is overbought or oversold. A downward trend in RSI suggests that selling pressure may be increasing, which could lead to a price correction or temporary pullback. It is essential to conduct thorough research and seek personalized guidance from financial advisors before making investment decisions.

Today's trading session marks the end of the first quarter of FY24. ETMarkets has analysed stocks that have delivered a minimum of 15% return in each of the last 3 months within this quarter. To narrow down the selection, only stocks with a market cap exceeding Rs 1,000 crore were considered. Surprisingly, 13 stocks from the BSE universe have met the criteria. Among this list, an impressive 7 stocks have turned into multibaggers within the first three months of FY24. Let's take a look. (Data Source: ACE Equity)

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. 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.

Bank of America (BofA) Securities has given a 'Buy' rating for One 97 Communications, the parent company of Paytm, with a target price of Rs 1,020. BofA values Paytm based on a methodology that considers discounted cash flow (DCF) and enterprise value/sales (EV/S) valuation. The brokerage is optimistic about the growth prospects of Paytm, especially in the Indian market, and believes there are no balance sheet risks. Meanwhile, Macquarie has downgraded Paytm to neutral due to the sharp increase in share prices and the possibility of China's Ant Financial reducing its stake.

Several stocks from the S&P BSE100 index, including Dr Reddy's Labs and Maruti Suzuki, reached new 52-week highs today, reflecting a strong market sentiment. Other companies such as Godrej Consumer Products, HCL Technologies, IndiGo, IndusInd Bank, Larsen & Toubro, Lupin, and Mahindra & Mahindra also experienced upward surges in their stock prices. This indicates positive investor sentiment and confidence in the growth prospects of these companies. The data sourced from BSE at 1:15 pm may come with a lag, and the information provided is specific to that time.

Shares of HDFC Bank and Housing Development Finance Corporation (HDFC) reached their highest levels in over a month ahead of the outcomes of board meetings to decide on the merger effective date. HDFC Bank's shares rose 2% while HDFC's shares gained 1.6%. The merger, which is scheduled to take effect on July 1, will create the fourth largest lender globally by market capitalization. The combined entity's market cap is estimated to be $172 billion, making it larger than Bank of America and smaller than JPMorgan Chase. The completion of the merger will also result in changes to the MSCI and FTSE global indices.

A total of 70 stocks were trading in the overbought zone according to data from StockEdge. ETMarkets has selected 10 stocks based on their Relative Strength Index (RSI) values. RSI is a widely-used indicator that measures a stock's price movement and indicates if it is overbought or oversold. Readings above 70 suggest a potential price correction or pullback.

Shares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the company through block deals. The transaction is estimated to be worth around Rs 1,100 crore. The stock was last trading at Rs 1,257.5 apiece, down 5.1% from the previous close. CreditAccess Grameen is a microfinance institution that provides micro-loans to women customers. As of March 2023, the company operates in 14 states and 1 union territory with 1,786 branches, serving over 42.6 lakh customers. Mutual funds hold a 10.2% stake, while foreign portfolio investors own 8.57%.

The IMF predicts a slowdown in global growth due to various factors, including instability in the banking sector and the lingering effects of the COVID-19 pandemic. However, India remains an attractive investment destination for the next decade. Factors contributing to India's appeal include robust economic growth driven by a large domestic market, structural reforms, a stable government, technological advancements, opportunities in banking and finance, renewable energy and electric vehicles, and manufacturing through incentive programs. The reasonable valuations and potential for sustained value creation further enhance India's investment prospects.

The IPO of PKH Ventures opens for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue. Watch!

In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.

Shares of HDFC Asset Management Company (AMC) surged nearly 15% to reach a 52-week high on Friday after the Securities and Exchange Board of India (Sebi) decided to postpone the overhaul of TER regulations. Over 38 lakh HDFC AMC shares were traded on the NSE, valued at Rs 855.98 crore. Sebi stated that it would release another consultation paper on the issue. The mutual fund industry had opposed the proposal, citing potential negative impact on their businesses. Other AMC stocks such as UTI AMC and Aditya Birla Sun Life AMC also gained on the news.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0-100. Herein the data takes into consideration the time period of 14 days to compute RSI. (Source: StockEdge)

On Friday, both Sensex and Nifty 50 clocked 0.8% gains and scaled lifetime highs of 64,475.72 points and 19,123.20 points, respectively.

Ideaforge, a leading Indian drone maker, saw its initial public offer (IPO) subscribed 54.18 times on the last day of bidding. The issue received bids for 25,19,20,240 shares against an issue size of 46,48,870 shares. Qualified institutional buyers subscribed to the IPO 40.46 times, while non-institutional investors and retail individual investors subscribed 69.36 times and 72.24 times, respectively. Despite concerns over the aggressive pricing and working capital gap, analysts recommended subscribing to the IPO due to the company's niche position and strong outlook. The IPO includes a fresh issue of equity shares worth Rs 240 crore and an offer for sale of up to 48.6 lakh shares.

The IPO of PKH Ventures is all set to open for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are ten things to know about the issue. Watch!

Power sector is one, where some basic principles of economics are turned upside down. Despite the fact that demand is always more than supply, the companies in this sector find it difficult to survive. Why does it happen and will it ever change?

The market capitalization of BSE-listed firms in India reached a record high of Rs 295.72 lakh crore ($4 trillion) driven by optimism in equities. The benchmark Sensex also hit an all-time high, gaining 499.42 points or 0.78% to reach 64,414.84. The rally led to an increase in the market capitalization of BSE-listed companies to Rs 2,95,72,338.05 crore ($400 billion). Major gainers included Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank, and HDFC.

The IPO of PKH Ventures is all set to open for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue. Watch!

Shares of Multi Commodity Exchange of India (MCX) plummeted 12.5% after a delay in the delivery of trading software by Tata Consultancy Services (TCS) forced MCX to continue using its existing vendor, 63 Moons Technologies. MCX had hired TCS to replace the software provided by 63 Moons, but the transition has been postponed several times. The shift to the new platform is now expected to occur in June 2023. Despite the delay, analysts believe that once the transition is complete, MCX's operating profits will increase and result in margin expansion.

Divi's Laboratories, a pharmaceutical company, has seen a rally of over 30% since March 2023. The stock has surpassed key moving averages and the chart pattern suggests that the rally may continue. Experts suggest that short-term traders could buy the stock, with a possible target above Rs 3,900 in the next 3-4 weeks. The stock has found support above Rs 3,000 and is trading above various moving averages. The Relative Strength Index (RSI) is at 59.6, indicating bullish momentum.

Indian equities have performed well in the first half of 2023, reaching all-time highs, and money managers are optimistic about the market's prospects for the rest of the year. According to a survey, 86% of brokerages expect the benchmark Nifty 50 to be above 19,000 by December, and 79% believe the Sensex will surpass 65,000. Foreign and domestic fund flows are also expected to sustain, driven by strong corporate earnings and attractive growth potential. However, volatility may persist due to global interest rate hikes and geopolitical risks. The automobile, FMCG, and realty sectors are expected to continue gaining momentum in the second half of the year, while banking stocks are expected to rebound. Midcap and smallcap stocks are also expected to perform well, outperforming benchmark indices.

Shares of Easy Trip Planners, the online travel platform EaseMyTrip, fell almost 5% on the NSE due to a likely block deal. Selling was observed with high volumes, and the stock hit a new low in March. Despite the current lows, the stock is considered expensive in terms of valuation. The stock has been relatively less volatile, and the company operates in both B2B2C and B2C distribution channels. The stock fell despite a positive trend in the overall markets, with Nifty and Bank Nifty hitting new all-time highs.

Tata Communications' shares fell by 4% after the company announced its plans to acquire communication platform service provider Kaleyra for $100 million. In addition to the acquisition, Tata Communications will also take on Kaleyra's gross debt of $224.9 million and net debt of $149.9 million. The stock's day RSI (14) is at 67.6, suggesting it is not yet oversold. Tata Communications CEO A.S. Lakshminarayanan stated that the acquisition is attractive due to the geographical complementarity between Tata Communications' product Digo and Kaleyra's offerings.

Indian equities have performed well in the first half of 2023, reaching all-time highs, and money managers are optimistic about the market's prospects for the rest of the year. According to a survey, 86% of brokerages expect the benchmark Nifty 50 to be above 19,000 by December, and 79% believe the Sensex will surpass 65,000. Foreign and domestic fund flows are also expected to sustain, driven by strong corporate earnings and attractive growth potential. However, volatility may persist due to global interest rate hikes and geopolitical risks. The automobile, FMCG, and realty sectors are expected to continue gaining momentum in the second half of the year, while banking stocks are expected to rebound. Midcap and smallcap stocks are also expected to perform well, outperforming benchmark indices.

Adani Transmission shares dropped more than 4% on the NSE after a likely block deal in the stock. Around 3.2% equity of Adani Transmission was traded, with more than 4.2 crore shares exchanged on the NSE. The market capitalization of the company stood at Rs 88,848.99 crore. Adani Transmission shares are trading at a significant discount from their 52-week high and have underperformed Nifty50 over the last month. Other Adani Group stocks also saw profit booking in the day's trade. The stock fell despite a positive trend in the overall markets.