The cigarette-to-consumer goods maker was the best performer on benchmark indices over the last year, logging in gains of nearly 46%. Its shares have more than doubled over a two-year period, testing a lifetime high of nearly ₹500. Analysts are advising against fresh lump sum investments in the stock as they believe the best of the rally might be over for now.

The RBI may not increase the repo rate as it ascertains the durability of high food prices while seeing the impact of previous rate hikes work their way through the economy, which faces threats from a weak external environment. The central bank can, however, bolster transmission of its policy actions and prevent borrowing costs from turning cheaper by keeping a tight leash on banking system liquidity.

On Wednesday, GQG bought 1.6 crore shares or 1.01% stake in the company at ₹341.7 on the BSE, for around ₹571 crore. Shares of JSW Energy ended nearly 6% higher at ₹368.0 on the NSE. GQG purchased these shares through six funds.

The pilots will only move once the merger gets an approval from the Competition Commission of India (CCI). Air India and Vistara are the only Indian carriers currently flying Boeing Dreamliners. Air India sent a consent form to its Dreamliner pilots seeking their "willingness to go on deputation to Vistara as a line captain on existing emoluments."

Baring Private Equity Asia-EQT (BPEA-EQT) announced two headline transactions in as many months. In June, it teamed up with Chrys Capital to buy 90% of Credila, the education loan arm of HDFC Ltd, for $1.1 billion--the largest-ever private equity (PE) buyout in India in the financial services sector.

"Most participants continued to see significant upside risks to inflation, which could require further tightening of monetary policy," according to minutes of the US central bank's July 25-26 policy meeting published Wednesday in Washington.

The stock hit a 52-week high of Rs 953 on July 6, but failed to hold on to the momentum. It found support around the 20-EMA on the weekly charts earlier in August.

Sector-wise, buying was seen in utilities, realty, power and IT stocks while metal, telecom and banks saw heavy selling on Wednesday

Worldwide Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal.

Even as Asian markets closed in the red, Indian benchmark equity indices Sensex and Nifty pared early losses to close higher for a second straight session on Wednesday, supported by fag-end buying in index majors Infosys, L&T and M&M. In a volatile trade, the 30-share BSE Sensex climbed 138 points or 0.21% to settle at 65,539.42. The NSE Nifty gained 30 points or 0.16% to end at 19,465.However, broader markets underperformed the headline indices.Sectorally, media and realty emerged as top gainers, each gaining over 1%, while the metal pack was the day's top loser.“The short-term outlook remains feeble, given that the index concluded the session below the vital short-term moving average (21-EMA). The Relative Strength Index (RSI) displays a bearish crossover, further intensifying the pessimistic sentiment. The prevailing trend will lack vigor as long as it remains below 19,521, where the 21-EMA is located. The initial support level is pegged at 19,250,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are the stock recommendations for Thursday:

The Fed raised its benchmark overnight interest rate to the 5.25%-5.50% range at the July 25-26 meeting, a step Fed Chair Jerome Powell said at his post-meeting press conference may not be the last in an aggressive round of rate increases that began in March 2022 to offset the fastest breakout of inflation since the 1980s

Promoter group entity JSW Investments Ltd sold 1.3% stake in JSW Energy Ltd through the open market on Wednesday for Rs 718 crore

Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data

Worldwide Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal. The promoter group entities together sold about 8.1% stake in Adani Power, bulk deals data showed

On Wednesday, the Sensex benchmark index gained 137 points and settled at 65,539. Amid this market upswing, 6 stocks listed in the BSE commodities index reached fresh peaks within the past 52 weeks. The 52-week peak is a crucial technical gauge for assessing a stock's present value and for predicting potential shifts in its price. This figure signifies the highest price at which a stock has traded throughout the previous year.

Federal Reserve's July policy meeting could offer cues on the bank's interest rate path

Worldwide Emerging Market Holding, part of the promoter group, offloaded 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal. The promoter group entities together sold about 8.1% stake in Adani Power, bulk deals data showed

Six stocks from the BSE500 pack have given 100-151% returns in the last year while reporting sales and profit growth of over 15% in Q1FY23 on a year-on-year (YoY) basis. These companies have also maintained a profit margin of over 15% for the June quarter. Take a look: (Source: Ritesh Presswala | Ace Equity)

Sector-wise, buying was seen in utilities, realty, power and IT stocks while metal, telecom and banks saw heavy selling on Wednesday

According to an ET Now report, about 8.1% equity of Adani Power changed hands in block trade, where promoter is the likely seller

Technically, this pattern indicates a side-by-side bull candle-type pattern, but the placement of the pattern is not ideal. Hence, one may expect a minor upside bounce from here, but the sustainability of this bounce could be a big question on the market, said Nagaraj Shetti, HDFC Securities.

This article explores the significance of the overbought zone, leveraging data from StockEdge and curated selections by ETMarkets. Uncover insights on overbought stocks, their implications, and the importance of assessing stock movements for informed investment decisions.

Benchmark equity indices Sensex and Nifty pared early losses to close higher on Wednesday, helped by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. The 30-share BSE Sensex climbed 137.50 points or 0.21 per cent to settle at 65,539.42. During the day, it fell by 369.03 points or 0.56 per cent to 65,032.89. The NSE Nifty gained 30.45 points or 0.16 per cent to end at 19,465.

This article sheds light on the significance of the Golden Crossover and its relevance in assessing stock movements. With data from Trendlyne reporting over 40 Nifty50 stocks experiencing this pattern on August 16, Wednesday, and ETMarkets selecting 10 stocks, discover how this pattern can shape informed investment choices.

This article sheds light on stocks currently residing in the overbought zone but exhibiting bearish RSI trends. With StockEdge's recent data as the backdrop and ETMarkets' selected stocks, uncover the importance of RSI in guiding informed investment decisions.

Dive into the world of stock analysis as we explore the significance of the Relative Strength Index (RSI) and its trending up patterns. In this article, we delve into stocks identified by StockEdge with ascending RSI trends, spotlighting 10 selections handpicked by ETMarkets. Discover the role of RSI in deciphering market momentum and shaping investment decisions.

The stock market witnessed several noteworthy stocks crossing their 20-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

Shares of debt-ridden telecom operator Voda Idea closed nearly 3% lower after the firm reported a loss of Rs 7,840 crore for the quarter ended June 2023

Capital goods companies showed robust growth in order inflows, revenues along with double-digit volume growth posted by cement companies in the reported quarter, says the Kotak report

In an era of dynamic market movements, it's essential to have the right tools in your arsenal. This article uncovers the importance of the Relative Strength Index (RSI) and examines its recent trends, drawing from StockEdge's recent data and ETMarkets' highlighted stocks. Get equipped to make informed investment decisions with a deeper understanding of RSI.

"The stake sale would take place soon," a government official said, adding that while the government is yet to decide the exact quantum of sale, it will aim to sell up to 11% in multiple tranches.

August 16, 2023, marked an impressive day for BSE MidCap stocks, as several companies soared to new heights by hitting their 52-week highs, showcasing robust market momentum and potential for growth.

The stock market witnessed several noteworthy stocks crossing their 50-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

Sell Value: Rs 182 croreNo. of shares sold: 14,83,000

European shares rebounded with the STOXX 600 up 0.2% after insurers surged following positive first-half results from Aviva and Admiral Group. Admiral Group's shares jumped 8.0% after posting a marginal rise in pre-tax profits. Aviva's shares rose 2.4% after the insurer recorded an 8% increase in operating profit for H1 2019.

Notable stocks that crossed their 100 SMA include Johnson Controls - Hitachi Air Conditioning India, Apcotex Industries, Monte Carlo Fashions, Rane Holdings, Aditya Birla Fashion and Retail, Tube Investments of India, Cummins India, and more.

SBFC Finance stands out as a rapidly expanding non-banking financial company (NBFC) with robust earnings growth and stable asset quality, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

"The stake sale would take place soon," a government official said, adding that while the government is yet to decide the exact quantum of sale, it will aim to sell up to 11% in multiple tranches.

The BSE SmallCap Index made waves on August 16, 2023, as several stocks hit new 52-week highs, demonstrating remarkable growth and market strength.

SBFC Finance stands out as a rapidly expanding non-banking financial company (NBFC) with robust earnings growth and stable asset quality, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.

ETMarkets has collated a list of major counters whose RSIs have crossed the 70 mark from below, suggesting they have entered into the overbought state. Typically, this is considered a bearish sign. Note the data is from the previous trading day. (Source: StockEdge)

MACD or moving average convergence divergence is a momentum indicator used in technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, the 26-day EMA is subtracted from the 12-day EMA. Herein, the crossover of the two lines offers trading signals. Also, 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.

The existing SEBI regulations on delisting make the delisting process cumbersome as it requires RBB for price discovery. Presently, achieving the 90% threshold in the RBB process is essential for successful delisting, but concerns have been raised about potential manipulation during price discovery stating that, some operator(s) start cornering shares as the delisting is announced and collectively hold more than 10% stake in the company then to achieve 90% threshold their participation becomes inevitable, leading to a very high discovered price, which may not always be the fair price of the stock.

Unlike in the past where the turn around in the capital expenditure cycle was pretty much a secular phenomena, this time around it is turning out to be sector specific phenomena. So anything to do with railways, defence and sugar has done extremely well, whereas power has been a laggard. But now even power has been catching up. Some other new sectors like water and waste management have come up where demand for a different sort of engineering services and capital goods have been created.

Last year, Deloitte was appointed as the statutory auditor for a period of 5 years. However, the auditor had differences with the management regarding certain transactions, which were also flagged by US-based Hindenburg Research in its report in January.

Even as the stock market corrects, small and midcap stocks are refusing to leave the party. On a number of days the breadth of the small cap segment is better than large caps. Coming on the list are auto ancillary stock, real estate and infrastructure companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Shares of warship maker GRSE rallied 19% to hit a new 52-week high of Rs 781 on BSE after the company reported its best-ever net profit of Rs 77 crore in the June quarter. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period.

The Burman family, which owns a controlling stake in FMCG major Dabur, already owns more than 14% stake in Religare Enterprises through various entities. The news was reported by ETNow.

The 4G subscriber base continued to grow for the eighth consecutive quarter and stood at 122.9 million as of June 2023 as against 122.6 million in the preceding quarter. However, the overall subscriber base declined to 221.4 million versus 225.9 million in Q4FY23.

Investors gain a sense of assurance in acquiring a stock when multiple mutual fund schemes hold it. Research by ETMarkets uncovered that among 130 stocks held by more than 100 mutual fund schemes in July, around 38 stocks have risen over 25% in this calendar year. Moreover, the analysis pinpoints nine stocks that have witnessed a remarkable surge of over 50% in the ongoing year. These stocks were present in the portfolios of over 100 mutual fund schemes in the month of July. (Data Source: ACE MF)