In May, Deloitte had flagged three transactions, including recoveries from a contractor identified in the Hindenburg report, as it issued a qualified opinion on the accounts of Adani Ports & Special Economic Zone

In Friday's trading session, the benchmark index Sensex, faced a significant drop of 366 points, ending the day at a level of 65,322. Nonetheless, despite this market decline, four stocks within the BSE healthcare index managed to reach new highs within the past 52 weeks. The 52-week high carries considerable importance for certain traders and investors, acting as a crucial technical indicator for assessing a stock's present value and predicting potential price shifts. This value signifies the highest price at which a stock has been traded during the previous year.

The bonus shares will be paid out of the sum outstanding to the credit of the securities premium account, subject to the approval of shareholders.

It will also enable the bank to offer to its wider customer base, a full suite of financial products like life insurance, general insurance, health insurance, and investment products like mutual funds, by leveraging the strength of major entities like HDFC Ergo, HDFC Life and HDFC Mutual Fund, which now come into the Bank’s fold, as a result of the merger, he said.

India VIX was up by 1.07% from 11.40 to 11.52 levels. Volatility inched higher and caused some discomfort to the bulls

This article delves into the significance of RSI in assessing stock movements, shedding light on a unique trend – stocks in the overbought zone with a bearish RSI trend. By exploring the reasons behind this phenomenon, we offer insights for potential investors to make informed decisions.

To help traders in the market understand the basics of technical analysis, ETMarkets Live Stream is organising two courses - basic and advanced levels - with Lovelesh Sharma, Co-Founder, MarketFeds Analytics.

August 10, 2023, saw a notable market development as several mid and large cap stocks surged above their 20 Simple Moving Averages (20 SMA), signaling a positive momentum shift and showcasing growth potential within this segment.

On August 11, Friday, Trendlyne reported an intriguing trend - more than 40 Nifty50 stocks witnessed the formation of the Golden Crossover. ETMarkets has singled out ten stocks from this group that are worth exploring. These stocks have experienced the Golden Crossover, indicating a potential shift in their price momentum

Closing Bell: Sensex falls for 2nd day, ends 366 pts lower; Nifty below 19,450; IOB surges 14%, Apollo Tyres plunges 8%

From the Sensex pack, IndusInd Bank, NTPC, Bajaj Finance, Sun Pharma and HUL closed with cuts. On the other hand, HCL Tech, Power Grid, Titan, and Relaince Industries closed with gains. Among individual stocks, Indian Overseas Bank closed 13% higher after the bank said CARE Ratings has assigned a fresh rating of CARE A1 + (A One Plus) to the bank's proposed certificate of deposits of Rs 10,000 crore

Finance Minister Nirmala Sitharaman also told Parliament on Thursday that PSU banks are now able to work with professional integrity and without political interference

With the Q1 earnings season entering its last leg, here's a quick analysis of Nifty50 companies that have managed to post a multi-fold jump in June 2023 quarter profits. Most of these companies have reported near 3x to 4x rise in Q1 PAT. (Data Source: Trendlyne)

The stock market's complex dance often requires reliable guides, and the Relative Strength Index (RSI) is one such tool. In this article, we delve into the importance of the RSI indicator in deciphering stock movements.

August 10, 2023, was a significant day for smallcap stocks as several companies broke through their 100 Simple Moving Averages (100 SMA), demonstrating notable market momentum and highlighting the growth potential within the smallcap segment.

Most companies from banking and finance saw a drop in promoter holding. HDFC AMC has the highest promoter holding of over 52% and the asset management company’s promoters divested a 10% stake in the firm. Take a look at the companies that saw promoter stake sales in Q1. (Source: Trendlyne)

August 10, 2023, marked a significant day for large and midcap stocks as several companies surged above their 50 Simple Moving Averages (50 SMA), signaling a strong market momentum and highlighting the growth potential within this segment.

In this article, we dive into the significance of RSI in assessing stock movements, offering insights into a recent trend report. Highlighting the importance of RSI-based decision-making, we explore ten stocks that have experienced an RSI trending up, potentially shaping investment strategies.

August 10, 2023, witnessed an exciting development in the stock market as several stocks broke through their 200 Simple Moving Averages (200 SMA), signaling a significant shift in market momentum and highlighting the potential growth within various sectors.

This article dives into the significance of RSI in assessing stock movements and provides insights into a recent report that highlighted stocks witnessing RSI trending down. We explore why RSI matters for investors and examine a selection of ten such stocks that could shape investment strategies.

Several multicap funds gave double-digit returns last month, with Karma Capital Advisors’ Wealth Builder multicap strategy giving more than 10% returns. It has been a consistent

Life Insurance Corporation of India (LIC) on Thursday reported a multifold jump in its April-June quarter net profit to Rs 9,544 crore. The state-run life insurance behemoth had a net profit of Rs 683 crore in the year-ago period. "LIC will take advantage of market movement in interest of stakeholders", LIC Chairperson, Siddharth Mohanty said. He further said, "Have a huge portfolio, exposure to Adani Group is very minimal".

August 11, 2023, witnessed a remarkable rally within the BSE MidCap Index as multiple prominent stocks achieved new 52-week highs, reflecting strong market momentum and showcasing the growth potential within diverse industries.

The profit margin indicates the portion of sales converted into profits, serving as a key measure of a business's profitability. ETMarkets is evaluating stocks from the BSE smallcap pack that have maintained a steady 20% profit margin over the last four consecutive quarters (September 2022 to June 2023). As of now, around 80% (approximately 720) of the companies within this category have released their financial results for the June quarter, and among them, 56 companies fulfil the mentioned criteria. Interestingly, within the span of just one year, 9 stocks from this list have experienced a significant increase in share price value, becoming multibaggers. (Data Source: ACE Equity)

However, the firm, on Wednesday, reported a standalone net profit of Rs 232 crore for the quarter ended June 2023, down 5% from Rs 245 crore posted in the previous year period.

However, the firm, on Wednesday, reported a standalone net profit of Rs 232 crore for the quarter ended June 2023, down 5% from Rs 245 crore posted in the previous year period.

Here below are 10 counters that are in the overbought zone based on Stochastic Oscillator. Note, when the stochastic measurement is above 80 it indicates that an asset is overbought, while when it is below 20 it suggests that it is oversold. Here the data is based on the previous trading day i.e. August 10, 2023(StockEdge)

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of a security’s price. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Further, 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 board of the Kolkata-based hotels-to-cigarettes major has already given in-principle approval to the demerger and details of the scheme of arrangement is likely to be announced this Monday following a board meeting to announce the June quarter results.

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 and 100. Herein, the StockEdge data takes into consideration a time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are midcap stocks which signal a possible uptrend in the near term. Note the data is of the previous day i.e. August 11 as today’s data is updated EoD. (Source: StockEdge)

"HCLTech is pleased to announce the signing of a new mega deal with a Global 100 corporation today. We expect this deal to have a positive revenue impact over the next six years beginning in November 2023 with an estimated new total contract value of US$ 2.1 billion over the term," the company said in an exchange filing.

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

It was the removal of tomato from burgers in some restaurants by McDonald's which brought back focus on inflation in some agricultural products and their impact on QSR space. While some of the agri commodities are still high, will the festive season demand give the power to these companies to pass it on to consumers will be the key to watch.

Ashok Leyland, Astral Ltd, Cummins India, HDFC Asset Management Company, IDFC First Bank, Power Finance Corporation, REC and Supreme Industries will be added to the MSCI India Index.

A large number of times whenever there had been a correction in the nifty, especially due to any specific sector like IT stocks coming under pressure it was financial service stocks including banks which have been able to help the nifty recover. In this phase of correction, some financial services sector stocks are also under pressure, though not very high. Will they be again coming to rescue of nifty or not ? We take a look at what analysts are saying for all the financial service stocks which are part of the Nifty financial services index.

As per Trendlyne data, the average target price of the stock is Rs 417 which shows an upside potential of 1% from the current market prices. The consensus recommendation from 28 analysts for the stock is a Hold.

Mazagon Dock Shipbuilders on Thursday reported a 39.8% year-on-year (YoY) increase in net profit at Rs 314.3 crore for the first quarter of FY24. In the corresponding quarter last year, Mazagon Dock Shipbuilders posted a net profit of Rs 224.8 crore, the company said in a regulatory filing.

Portfolios of D-Street superstars such as Ashish Kacholia, Dolly Khanna, and Porinju Veliyath among others are closely tracked by investors for clues to their investment preferences. With the shareholding pattern for most companies declared in Q1, here's a look at the top industries where different market mavens have the highest portfolio concentration. (Source: Trendlyne)

Analysts feel that the current valuations do not capture the strong growth opportunity, concerns around top management appointments and content investments would remain key monitorables. Motilal Oswal said other than the Puneet Goenka issue, the other key monitorables for investors include strategy around investments in sports, Zee5 and growth in advertising income.

"The most under-appreciated yet rewarding," ET Now's Nikunj Dalmia on PSU stocks after PM Modi's investment tip.

LIC on Thursday reported that its standalone net profit for the quarter ended June 2023 rose multifold to Rs 9,544 crore. The same stood at Rs 683 crore in the same quarter of last year.

On a day when the RBI decided to keep its key rates unchanged for now, the NIFTY stayed in a defined range before ending the day on a negative note.

On Thursday, the Reserve Bank of India held key rates steady as expected. Governor Shaktikanta Das said there could be a substantial rise in headline inflation in the near-term and raised the retail inflation forecast for fiscal 2024, citing pressure from food prices.

Sensex drops 150 pts, Nifty below 19,550; HCL Tech rallies 4%, Hindware plunges 12%; REC, NBCC (India), Vakrangee are some of the gainers in the morning trade.

The stock hit a 52-week high of Rs 807 on 5th December 2022, but it failed to hold on to the momentum. It closed at Rs 604 on 8th August 2023 which translates into a fall of over 25%.

On the weekly options front, the maximum Call OI is placed at 19600 and then towards 19700 strikes while the maximum Put OI is placed at 19500 and then towards 19400 strikes.

Jindal Steel & Power’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 600 and 700. Let’s plan a trade around this.

Four 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 August 10.

YES Securities maintained a buy rating on Happiest Minds with a target price of Rs 1125. The company reported a slight miss on financial performance for the quarter. Both, the sequential revenue growth and EBIT margin were below estimates.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on SBI and GAIL while Nooresh Merani has a buy/sell recommendation on Indusind Bank and ONGC for today's trading session. Check out the targets and stoploss.