GIFT Nifty on the NSE IX traded 16 points, or 0.08 per cent, higher at 19,556, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

The stock made a double bottom around its lower level and surged once again to close above 20-odd marks. Currently, the stock is in an uptrend and can face minor resistance of the previous higher level of 20.80; once the level is taken out, we can see 26-32 odd levels.

In the Nifty500 pack, we have collated a list of 6 stocks that witnessed a 5-year swing high at the close on August 10, suggesting bullishness in counters, according to stockedge.com's technical scan data.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This is seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.

HDFC Asset Management, IDFC First Bank, Ashok Leyland, Astral, Cummins India Kirloskar, REC, Power Finance Corporation, and Supreme Industries will enter the MSCI Global Standard index, effective August 31. ACC will be removed from the Global Standard index, the index aggregator said.

Australian equities pared early declines while mainland China and Hong Kong shares whipsawed after the opening bell. US equity futures gained ground after the S&P 500 eroded an early advance to close flat, while the Nasdaq 100 added 0.2%. The Kospi Index in South Korea traded slightly higher.

He noted that while inflation has slowed, a look beyond the headline number revealed that core inflation remained sticky, and as traders parsed the data, the initial positive sentiment became more subdued.

In its rescue plan, the company aims to ensure the timely delivery of property projects, while also effectively controlling pre-sale monitoring funds. It said it also intends to adopt various debt management measures and ensure orderly operations, among others.

He noted that while inflation has slowed, a look beyond the headline number revealed that core inflation remained sticky, and as traders parsed the data, the initial positive sentiment became more subdued.

Hero MotoCorp reported a 32% growth in net profit for the quarter ended June to Rs 825 crore. Revenue from operations grew 4.5% YoY to Rs 8,767 crore.

"This week Manappuram Finance stock has given a fresh breakout above the Ascending Triangle pattern observed on weekly charts. We expect that momentum is likely to carry towards 166-168 zone from current juncture," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Aimed at transitioning from the existing solvency-based model to the Risk-Based Capital framework, IRDAI has introduced a 'Technical Guidance' document with the initiation of the First Quantitative Impact Study.

​​The tribunal has quashed Sebi’s direction barring NSE’s former CEO Chitra Ramkrishna from holding any position in stock exchanges or listed companies for three years and three other former officials

The Reserve Bank of India's bi-monthly inflation expectations survey showed a moderation in inflation over both three- and 12-month horizons, raising expectations inflation has peaked, despite rising food prices. RBI repo rate has remained unchanged at 6.5% for three consecutive policies with consumer price inflation on target, but economists continue to warn that the impact of El Nino on crops and the recent strengthening of global commodity prices like crude oil, may push inflation up.

​​“Our model suggests Nifty is following CY14,CY17 playbook, wherein post large consolidation breakouts, intermediate corrections to the tune of 5-7% always presented buying opportunity to ride structural bull run with key support at 18,600,” said the retail brokerage in a note on August 10.

"It was felt that the threshold should be aligned with the threshold of high value debt listed entity to have uniformity in the regulations.This would also be a breather for companies with outstanding long term borrowings of less than ₹500 crore to prepare themselves for compliance with these provisions once the framework becomes applicable to them," Sebi said.

In July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupees. The settlement of trade transactions with other countries would require Indian banks to open Special Rupee Vostro accounts of correspondent banks of the partner countries.

Whenever monetary authorities wanted to influence price levels for goods and services, they resorted to the popular tool — interest rates that make money more expensive or affordable. If inflation climbs, they raise the interest rate to dampen demand, and if growth slows, they reduce the cost of funds to fuel demand.

Governor Shaktikanta Das said lenders will have to also take into consideration age and payment capacity before changing loan terms.

“We would like the bank managements to have a board-approved policy for write-off and also a follow-up to maximise recovery from these accounts for which we are engaging with bank managements,” deputy governor Swaminathan J said.

The Nifty Bank index declined 0.7% as against the 0.5% decline in the benchmark Nifty. Equitas Small Finance, AU Small Finance, Bank of Maharashtra, and Bank of India fell between 2% and 5%. Kotak Mahindra, Bandhan, Indian Overseas Bank, Canara Bank and Union Bank declined nearly 1.5% each.

The stock rose over 4% in a week and more than 10% in a month. It has rallied nearly 30% in the last 3 months, Trendlyne data showed. The momentum in the stock price helped the stock climb above 50 and 200-DMA levels on the daily charts in June

Data showed headline and core consumer prices both climbed by 0.2% in July, logging an annual rise of 3.2% and 4.7%, respectively. Buoyed by inflation numbers, traders not only expect the central bank to stop further monetary tightening in 2023, they are also betting the Fed would start cutting interest rates early next year

Under the current rules, large corporates are those that need to have an outstanding long-term borrowing of at least Rs 100 crore; a credit rating of 'AA and above' and a target to finance themselves with long-term borrowings (above 1 year).

During Thursday's trading session, the benchmark index Sensex witnessed a substantial decline of around 307 points, closing at a value of 65,688. However, despite this market downturn, six stocks from the BSE large index achieved new highs within the previous 52 weeks. The 52-week high holds great significance for specific traders and investors, serving as a vital technical indicator to evaluate a stock's current worth and anticipate potential price fluctuations. This value represents the peak price at which a stock has been traded over the course of the last year.

Under the process, the intermediary will have to make an online application to Sebi for prior approval through its intermediary portal.

Moreover, out of 120 entities, 116 cases are old (97 per cent) and the violation period dates back to over a decade ago, the Securities and Exchange Board of India (Sebi) said in a statement.

A small negative candle was formed on the daily chart with minor upper and lower shadows. Technically, this pattern indicates sideways movement in the market with a weak bias at the crucial resistance of 19,650 levels

Dow rises 108.18 points, S&P 500 opens higher by 19.45 points and Nasdaq Composite gains 96.24 points

Launched over 20 years ago, ETFs, or exchange-traded funds, altered the landscape of investing for retail investors. ETFs are securities of sorts that frequently track an underlying asset. These securities include bonds, shares, money market instruments, and more. Let’s take a look at the type of ETFs:

Benchmark equity indices declined on Thursday post the RBI monetary policy, dragged down by banking counters, after the unexpected announcement of reducing cash in the financial system. Investors also remained on the sidelines ahead of the US inflation data announcement.The Reserve Bank of India (RBI) on Thursday left its key interest rates unchanged for a third straight meeting but signalled tighter policy if food prices drive inflation higher.Nifty ended lower by 89 points or 0.46% at 19,543, while Sensex slipped 308 points and closed at 65,688. Meanwhile, broader markets performed better. Sectorally, barring media and metal, all other indices witnessed selling pressure.“Though, Nifty seems to have formed a new lower top at 19645 levels, but there is no indication of any sharp weakness from the lower highs. Hence, a decisive move above 19650-19700 levels is expected to bring a sharp up move for the market ahead and further weakness from here could find support around 19450-19400 levels for the short term” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are the stock recommendations for Friday:

Though Nifty seems to have formed a new lower top at 19645 levels on Wednesday, there is no indication of any sharp weakness from the lower highs.Nifty has been struggling to hold a short-term moving average i.e. 20 EMA mainly due to the underperformance from the banking pack.

Incred has listed five smallcap stocks that it believes can offer solid returns to investors. Take a look!

In July 2022, the RBI had put in place an additional arrangement for the invoicing, payment, and settlement of exports and imports in rupees. The settlement of trade transactions with other countries would require Indian banks to open Special Rupee Vostro accounts of correspondent banks of the partner countries.

Besides banks, other rate-sensitive sectors like realty and auto also ended on a weak note. Shares of Zee Entertainment Enterprises (ZEEL) ended 16% up after NLCT gave approval to the Zee-Sony merger

Sectors sensitive to domestic interest rates like banks and financial services stocks were among the top losers as Nifty Bank fell 0.76%. Meanwhile, FMCG index lost 0.91%, followed by Pharma, which was down 0.74%.

Closing Bell: Bank, FMCG stocks drag Sensex 308 points lower; Nifty below 19,550; Max Fin surges 8%, Asian Paints drops 3%

The trade was likely due to a custodian selling the shares as they were not converted prior to July 24, which was the deadline for holders to surrender their ADRs.

The Reserve Bank of India's Monetary Policy Committee (MPC) announced its decisions. The Reserve Bank of India has raised the inflation aim to 5.4% from 5.1% forecast in the June policy. Today's central bank held the benchmark rate steady for a third straight time at 6.5% and retained its stance by a five-to-one vote to focus on the withdrawal of accommodation. ET Now caught up with various market experts to understand how far this decision is going to create an impact on the market.

As part of the demerger of RIL's financial services business, RIL shareholders as of the record date of July 20 have been rewarded with one share of JFSL for every share of RIL owned. However, even if the shares have been credited to your Demat account, you can trade in them only after it gets listed on stock exchanges.

Investors drew comfort from the National Company Law Tribunal’s (NCLT’s) approval to the proposed merger of the company with Sony Pictures. The merger deal was announced by the media major in 2021, but it has seen an unexpected delay due to Zee’s several legal battles with lenders and market regulator Sebi

This article delves into the intriguing realm of stock analysis, uncovering a fascinating phenomenon where stocks are in the overbought zone but exhibit bearish Relative Strength Index (RSI) trends. By highlighting data from a recent screener, we explore 9 such stocks and shed light on the importance of assessing RSI trends in stock movement analysis.

The share allotment of SBFC Finance will likely be finalised on August 10. Investors will get shares on a lottery basis and the whole process will be supervised by the registrar.

While leaving the repo rate unchanged at 6.50% and retaining the policy stance of staying focussed on the withdrawal of accommodation came as no surprise to the market, RBI’s sharp hike in inflation estimate and the imposition of incremental Cash Reserve Ratio of 10% on banks took Dalal Street bulls off guard.

With election season kicking off with Karnataka state elections, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

There are 28 firms from the Tata Group that are listed on BSE. In the current fiscal year (FY24), 24 of these stocks have delivered double-digit returns so far. ETMarkets conducted an analysis of Tata Group companies that have demonstrated sales and profit growth exceeding 20% in FY23 as compared to FY22, and these companies have also experienced price gains of over 20% in FY24 thus far. A total of 7 stocks meet these criteria. (Data Source: ACE Equity)

This article unveils the intriguing phenomenon of the Golden Crossover in stock trading. Highlighting data from a recent screener, we delve into 10 stocks that have witnessed the formation of a Golden Crossover pattern. We'll provide a concise explanation of what the Golden Crossover is and discuss its significance in assessing stock movements.

The equity markets globally, both emerging and developed have moved into a correction mode. How long this correction continues is anyone's guess. In such times it would be better for both traders and investors to stay with stocks which have shown tendency to fall less in a bearish market. 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.

The banking regulator kept the repo rate unchanged for the third time at 6.5% while retaining the FY24 GDP forecasts of 6.5%. RBI Governor Shaktikanta Das revised the FY24 inflation upwards to 5.4% from an earlier 5.1%.

CLSA, a global brokerage firm, has removed Eicher Motors from its India Focus Portfolio due to 7.6 ppt underperformance. The portfolio has outperformed the Nifty in all 10 quarters since its inception, beating it by a total of 77.7ppts. Banks and energy have the highest importance in the portfolio, each with a weightage of 25%, while the remaining 50% is divided equally among IT, NBFC, materials, utilities, healthcare, and industrials.

This article delves into the world of stock analysis, shedding light on the importance of the Relative Strength Index (RSI) in assessing stock movements. Highlighting data from a recent screener, we explore 10 stocks that are currently witnessing an uptrend in their RSI values.