A study by Motilal Oswal Asset Management Company (MOAMC) reveals that passive funds have taken centre-stage in India over the last few years, gaining market share from 1.4% of AUM in 2015 to over 17% today. The survey conducted with more than 2,000 investors participating from across the country, shares insights on the usage and attitude of investors towards passive funds in India. Here are key trends that the survey highlighted

On Tuesday, benchmark index Sensex experienced a decline of approximately 107 points, closing at 65,846. Despite this downturn, 9 stocks listed on the BSE commodities index achieved new peaks within the previous 52 weeks. The 52-week is a vital technical indicator used to evaluate a stock's current value and forecast potential price fluctuations. This figure represents the highest price at which a stock has traded over the course of the last year.

Power Finance Corp funds power projects in India. The company serves state power utilities, central power sector utilities, power departments, private power sector utilities, joint sector power utilities, power equipment manufacturers, and municipal power utilities

Benchmark equity indices fell on Tuesday as investors turned cautious ahead of the key events -- RBI's monetary policy and the US inflation data -- due to be announced later this week. Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets. The 30-share BSE Sensex fell 106.98 points or 0.16 per cent to settle at 65,846.50. During the day, it declined 200.85 points or 0.30 per cent to 65,752.63. The NSE Nifty slipped 26.45 points or 0.13 per cent to end at 19,570.85.

India VIX was up by 2.03% from 11.10 to 11.32 levels. Volatility inched higher and caused some discomfort to the bulls, but is hovering at overall lower zones

"The overnight news doesn't really dent our view on U.S. banks because we have been favoring quality and liquidity as a whole, our view on the broader sector still remains constructive," said Georgios Leontaris, chief investment officer for Switzerland and EMEA at HSBC Global Private Banking and Wealth

The Golden Crossover is a technical chart pattern that occurs when a stock's shorter-term moving average (e.g., 50-day SMA) crosses above its longer-term moving average (e.g., 200-day SMA)

August 08, 2023, witnessed a significant surge in the BSE MidCap index as several prominent stocks achieved new 52-week highs, reflecting robust market performance and investor confidence

Investors are always on a quest for companies that have sound financials as they can offer good returns. In this analysis by ETMarkets.com, we shortlisted nine BSE500 stocks that have seen over 10% year-on-year (YoY) profit growth and also delivered solid returns to investors in the last three months. (Data Source: ACE Equity | Ritesh Presswala)

From the Sensex pack, Power Grid, M&M, JSW Steel, Sun Pharma, Nestle and Relaince Industries closed in the red. The market breadth was skewed in the favour of the bulls. About 1,853 stocks gained, 1,751 declined, and 151 remained unchanged on the BSE.

Stocks that were in action included names like Gland Pharma, which was up 20%, Caplin Point Laboratories, which gained 11%, and HUDCO, which was up more than 6% to hit a fresh 52-week high on Tuesday.

Analysts at brokerage InCred Equities remain bullish on largecaps such as HDFC Bank, Maruti Suzuki, RIL and Ultratech cement while it has a 'Reduce' tag on IndiGo and Tata Steel. For the stocks it has an 'Add' rating, the brokerage sees up to 25% returns.

​​The company will issue the following securities on a preferential basis: 11,00,000 equity shares, for Rs 295 per equity share, aggregating to Rs 32.45 crore and 12,50,000 warrants, at an exercise price of Rs 295 per warrant, aggregating to Rs 36.88 crore. Warrants may be converted in tranches within 18 months, the company stated.

The crossing of the 50-day SMA by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape.

The accomplishment of crossing last week's high by these companies reflects their resilience and potential for future growth, making them noteworthy contenders in the stock market landscape.

ADX or Average Directional Index helps quantify signal strength. ETMarkets has listed down major mid and largecap stocks that are said to be in the trending phase as the ADX for them has crossed 25 from below. Note, the data is from the previous trading day (August 7, 2023). (Source: StockEdge).

On August 7, StockEdge reported 7 such stocks. ETMarkets has handpicked these stocks for a closer examination. Delve into the significance of RSI in assessing stock movements and how a bearish RSI trend in overbought stocks can impact investment decisions. Please note that the data for stocks with bearish RSI trends in the overbought zone on August 8 will be updated later today.

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. The data takes into consideration the period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or downtrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are five major largecap stocks which signal a possible uptrend in the near term. Note: The data is of the previous day i.e. August 7, as today’s data is updated EoD. (Source: StockEdge)

Adani Ports and Special Economic Zone Limited (APSEZ) on Tuesday posted over 80 per cent rise in its consolidated net profit at Rs 2,119.38 crore during the April-June quarter, on account of higher income. It had clocked Rs 1,177.46 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing.

On August 7, StockEdge reported that 30 stocks were trending up based on their RSI values. Today, we delve deeper into 10 stocks handpicked by ETMarkets, to explore the significance of rising RSI in their movement. We will also discuss why RSI is a crucial factor for investors when analyzing stocks and making informed investment decisions.

Monday, August 7, 2023, marked a significant day for several stocks in the market as they crossed their 100-day Simple Moving Averages (SMA), reflecting positive market momentum and investor optimism.

This article delves into the concept of the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 7, StockEdge reported over 70 stocks were trading in the overbought zone. ETMarkets has handpicked 10 of these stocks for closer analysis.

Tuesday, August 08, 2023, marked a remarkable day for the BSE 100 index as several key stocks surged to new 52-week highs, underscoring strong market performance and heightened investor optimism.

The stock which hit a high of Rs 1,470 on 17th November 2021 failed to hold on to the momentum. The stock found support a year after around Rs 356 on 17th November 2022 – which translates into a fall of more than 70%.

The final deal value, which will be based on the plant's book value as of Aug. 29, along with the number of shares to be issued and the price will be decided later, Maruti said, without specifying a date.

Further, Sebi said that registered investment advisers can give investment advisory services to foreign portfolio investors (FPIs).

As a result, since its inception, it has experienced an exponential surge in its market size. According to Mirae Asset Group, AUM (assets under management) in the ETF market has grown fivefold since 2018.

In FY24 so far, the realty sector has emerged as a leading performer, witnessing an outstanding 40% surge in the BSE realty index, while the benchmark index Sensex has experienced a rise of approximately 12%. Over a span of just over 4 months, all BSE Realty stocks have achieved remarkable gains, ranging from 24% to 55%. Among them, Macrotech Developers and Godrej Properties stand out, as they have surged over 50% during the same time period. (Data Source: ACE Equity)

Housing finance is a business where perception is that because it is largely secured lending, chances of companies going down under are very low. But if one looks at the history, there are enough local companies and global corporations which have gone down under in the housing finance space. Despite all the ills, one of the biggest wealth creators in the history of the Indian stock market has been a housing finance company, erstwhile HDFC which now merged with HDFC bank. So, it is a business which is good to own but what you choose to own matters most.

In the months of April to July, firms raised 3.51 trillion rupees via bonds, of which fundraising in July was the lowest at 539 billion rupees. Bankers said the dip was an anomaly.

While Nifty has seen some corrections from its recently formed new highs, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to banks to new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

Consequent to the demerger, each shareholder of NIIT has been allotted one share of NIIT Learning Systems for every NIIT share they held on the record date of June 8, 2023, according to the company's filing.

In this article, we explore the Relative Strength Index (RSI) and its significance in assessing stock movements. On August 7, StockEdge reported that 27 stocks experienced a downtrend in RSI. ETMarkets handpicked 10 of these stocks for closer analysis

Analysts advised investors to subscribe to the issue given its complex product portfolio, presence in niche space, strong client relationship, and high entry barriers.

Italian banks such as Intesa Sanpaolo and UniCredit fell more than 5% after Deputy Prime Minister Matteo Salvini said the 40% levy on banks' extra profits will feed items such as a reduction of the tax wedge, tax cuts and financial support to holders of mortgages on first homes.

Last week both Nifty and to some extent even mid-cap indices saw some correction. Even then more mid caps stocks are joining the party. Stocks from sectors like logistics, both physical and cash, power generation and distribution space have come to the list. 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.

Global brokerage firm BofA said it sees Nifty inching ending December 2023 at 20,500 as returns have mostly been positive at least three months prior to the end of the US recession as well as during the phase of FED's penultimate rate hike to six months after the start of rate cuts (current phase).

The stock which hit a high of Rs 1,470 on 17th November 2021 failed to hold on to the momentum. The stock found support a year after around Rs 356 on 17th November 2022 – which translates into a fall of more than 70%.

In as many as 541 companies, foreign investors reduced their stake in the quarter gone by, and among these, 17 companies saw sharp cuts in their holding. With the bears growling, these 17 companies corrected up to 83% so far in 2023.

Britannia's consolidated net profit rose 36% year-on-year (YoY) to Rs 458 crore for the quarter ended June 2023, missing estimates. It was Rs 337 crore in the year-ago quarter. An ET Now Poll saw the profit figure around Rs 518 crore. Revenue from operations during the first quarter rose 8% YoY to Rs 4,011 crore. The same stood at 3,701 crore in the last year period.

The Gurgaon-based company said it posted consolidated adjusted earnings before interest, taxes, depreciation and amortisation of Rs 23 crore for the first quarter. A year earlier, it had posted an adjusted operating loss of Rs 66 crore.

Global brokerage firm Jefferies upgraded Gland Pharma's stock to buy from underperform with an increased price target of Rs 1,640 from Rs 1,065 earlier. Bernstein also gave an outperform rating on Gland Pharma, saying that the Q1 numbers point towards early signs of revival in base business.

“The total number of securities proposed to be issued to SMC as consideration for the acquisition of 100% stake of SMC in SMG, shall be decided in a subsequent Board Meeting, basis relevant valuation reports subject to and in compliance with the applicable regulatory and statutory framework”, Maruti Suzuki said in a filing to the bourses.

“Ashok Leyland stock is the best investment choice in the CV growth cycle, as it has positioned itself to expand its revenue/profit pools. We expect revenue/ EBITDA/ PAT CAGR of 14%/38%/64% over FY23–25. We have a buy for a target of Rs 210,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

JPMorgan maintained an overweight rating on Godrej Consumer but raised the target price to Rs 1135 from Rs 1075 earlier. The company reported robust volume-led topline growth for the India business. In Indonesia, structural initiatives drive topline recovery.

There were 12 companies in which the trinity of promoters, FIIs and DIIs - all increased their stake during the June quarter of FY24. These include Relaxo Footwears, Jai Balaji Industries and Mrs Bectors Food Specialities, according to the PRIME Database. Most of these stocks rallied up to 230% in the past three months and 290% in the last six months. These are the 12 stocks in which FIIs, DIIs and promoters raised their stakes in Q1

A clutch of foreign institutional investors (FIIs) along with Nippon Mutual Fund and others are reported to have bought the shares in the company via block deal, according to an ET NOW report. The block deal is expected to be worth Rs 500 crore with shares sold at a 5% discount over the Monday closing price.

On the weekly options front, the maximum Call OI is placed at 20,000 and then towards 19,800 strikes while the maximum Put OI is placed at 19,500 and then towards 19,400 strikes.

The Nifty traded in a capped range in the first half of the session but managed to end the day with gains.

Sensex gains 90 points, Nifty above 19,600; Gland Pharma soars 9%, Paytm drops 2%; NTPC, Maruti, Tata Motors, Wipro are some of the gainers in the morning trade.