Qatar's sovereign wealth fund Qatar Investment Authority (QIA) has picked up more than 2.5 per cent stake in Adani Green Energy Ltd (AGEL) for around USD 500 million, according to industry sources. ET Now's Nikunj Dalmia's analysis of the Adani Group after QIA picks up $500 mn worth of shares in Adani Green. Listen in!

An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters. Out of them, 7 have given double-digit returns in FY24 so far.

Adani Ports and Special Economic Zone’s daily trend is bullish to sideways. RSI for monthly is showing sideways momentum. But RSI for weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 700 and 800. Let’s plan a trade around this.

The BSE Sensex was trading 22 points or 0.03% higher at 65,976. Nifty50 was trading at 19,604, up 7 points or 0.04% at around 9.23 am.

In the Nifty500 pack, four stocks 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 7.

In the Nifty500 pack, we have collated a list of 8 stocks that witnessed a 5-year swing high at the close on August 7, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.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 occurrence may be 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.

In the Nifty500 pack, 4 stocks close prices crossed above their 200 DMA (Daily Moving Averages) on August 7, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders to determine a particular stock's overall trend. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on LTIMindtree and Laurus Labs while Nooresh Merani has a buy/sell recommendation on Indusind Bank and LIC Housing Finance for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, four stocks 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 7.

U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 rising 17.7% this year, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy.

The price action on the daily timeframe evinces a tepid pullback from the pivotal support near 1422 levels. The price action has formed a relatively smaller but constructive base and is attempting to fill the former gap-down area.

GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,666.50, signaling that Dalal Street was headed for negative start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 rising 17.7% this year, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy.

The yield on benchmark 10-year Treasury notes rose to 4.0885% compared with its U.S. close of 4.078% on Monday. The two-year yield, which rises with traders' expectations of higher Federal Reserve fund rates, touched 4.7682% compared with a U.S. close of 4.758%.

Promoter entity Infinite Trade And Investment has sold partial stake in Adani Green through bulk deals on Monday, while a Qatar-based sovereign fund bought some shares.

S&P Global Ratings has deemed Vedanta Resources' plan to sell its Indian-listed subsidiary stake, Vedanta Ltd, a credit-positive move but not enough to keep its rating outlook stable. The agency has changed Vedanta Resources' outlook to "negative" from "stable" due to heightened refinancing risks, weak cash flow from its operations, and external financial challenges.

Sovereign wealth funds GIC and Abu Dhabi Investment Authority along with two Canada-based pension funds are negotiating to acquire Blackstone Group's 50% stake in separate commercial portfolios of Panchshil Realty and Salarpuria Sattva Group. The deal worth over $4.5-$5.0bn is estimated to be concluded soon.

Adani-owned Ambuja Cements' recent acquisition is seen helping the company scale up capacity at a lucrative cost and emerge as one of the dominant players in western India over the medium term, although question marks remain over the immediate prospects of the freight-heavy primary building material that is decidedly regional in its pricing dynamics and determination of market power.

The ace investor often called India's Warren Buffet, first invested in Concord in 2004 and later helped the company's founder in buying back the company from pharma major Mylan in 2009.

High attrition rates in private sector banks has increased the appeal of public sector banks (PSBs) for job seekers. HDFC Bank, Axis Bank and Kotak Mahindra Bank have all recorded attrition rates between 34% and 50%, whereas PSBs such as State Bank of India, Bank of Baroda, Punjab National Bank, and Canara Bank have experienced attrition rates of less than 5%.

The fund has received regulatory approval from the Securities and Exchange Board of India under the Alternative Investment Fund (AIF) Category II.

​​The first tranche will be implemented in the September review, the second one in the December review, and the last in March 2024.

Following the rebound in domestic equities from the year's low late in March, the weight of Indian stocks in the MSCI EM index has risen from 12.97% at the end of January to 14.21% currently, the highest rise among peers in the basket.

Analysts said the recent surge in pharma shares is part of a catch-up rally as many of them have not participated in the broader market upmove in recent years.

Infinite Trade and Investment, a promoter entity of Adani Green Energy, sold 4.48 crore shares, or 2.8%, at ₹920.43 apiece for ₹4,131 crore.

Separately, the regulator said it is reviewing the eligibility criteria for introduction and continuation of stocks in the derivatives segment.

The pharma stock with a market capitalization of over Rs 50,000 crore on the BSE hit a record high of Rs 24,682 on 4 August 2023, after it surpassed an earlier swing high of Rs 23,902 as on 5 October 2021.The stock hit a record high last week, but failed to hold on to the momentum, which was largely in line with the profit booking seen in broader markets. After making a strong base above Rs 20,000 in February and March on the daily charts, it struggled to hold on to the gains

New York Fed President John Williams, a voting member this year, said he expects interest rates could begin to come down in early 2024, as per a report, while Governor Michelle Bowman said additional interest rate hikes will likely be needed in order to lower inflation to the 2% target.

Nifty inched higher to levels just below 19600, while Sensex added 232 points and closed at 65,953. Sectorally, healthcare and IT indices led the gains

Amid mixed global sentiments, Indian equities ended on a positive note on the first trading day of the week. Nifty notched gains to the tune of 80 points or 0.41% and settled at 19,597, while Sensex added 232 points to close at 65,953. The majority of the sectoral indices ended in the green, led by the healthcare pack, which advanced over 2%, with PSU Bank emerging as the top laggard.“The overall trend seems upbeat as the index hopped over the 20-SMA again. Regarding levels, the bearish gap of 19678-19705 is the crucial hurdle, and it requires an authoritative breach to turn the sentiments ultra bullish once again. On the flip side, the pivotal support at 19,500 is expected to cushion any intra-day blip, while strong support lies around the 19,400-19,380 zone in the near term,” Osho Krishan, Angel One, said.Here are the stock recommendations for Tuesday:

On Monday, the benchmark index Sensex experienced an impressive gain of approximately 232 points, reaching a closing value of 65,953. During this remarkable upward trend, 5 stocks listed on the BSE FMCG index reached new peaks within the past 52 weeks. The 52-week high is of significant importance to certain traders and investors, serving as a crucial technical indicator to assess a stock's present value and predict potential price fluctuations. This value signifies the highest price at which a stock has been traded over the course of the last year.

Earnings SnapshotJune quarter earnings of tech major Amazon soared on the back of cloud business while that of Apple was dragged down by dull iPhone sales numbers. Here’s a snapshot of how the top US tech firms performed in the June quarter. (Source: TOI | Reuters)

The share of domestic institutional investors, along with retail and high networth individuals (HNIs) in NSE-listed companies declined for the first time in six quarters to 22.5%, according to data sourced from Primeinfobase.

In a free-wheeling interview to ET Markets, YouTube influencer and entrepreneur Ankur Warikoo talks of prudent investments, life failures and his journey as a author. Watch!

The first tranche will be implemented in the September index review, the second one in the December review, and the last in March, FTSE said. In its September review, FTSE will evaluate the eligibility status of HDFC Bank, which includes a review of its shares in issue, free float, and foreign headroom

The financial year 2022-23 has been good for Indian banks with most of the stocks offering strong returns. In tandem, the country's top bankers have also seen their salaries increase exponentially during the fiscal year. Here's a look:

According to bulk deals data available with the exchanges, Infinite trade has offloaded 4.2 crore shares in the company at a weighted average price of Rs 920 apiece. Adani Green is a majority promoter-owned company with 56.2% stake, while public shareholders own the rest of 43.7%. Among the public shareholders, mutual funds have a negligible 0.11%, while foreign investors own a big chunk of 16.14%

The Dow Jones Industrial Average rises 59.98 points, or 0.17%, at the open. Investors looking ahead to a highly awaited US inflation report due later in the week that could test the market's sharp recovery this year

Under current norms, introduction of stocks in the F&O segment are based on criteria such as the average daily market capitalization, average daily traded value, the market-wide position limit in the security, the quarter sigma values, and the average daily deliverable value as approved by Sebi

Here are 10 counters that are in the overbought zone based on Stochastic Oscillator. 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 4, 2023. (Source: StockEdge)

The latest data for the June quarter reveals that both foreign institutional investors (FIIs) and mutual funds (MFs) have increased stakes by over 200 bps in six stocks. Interestingly all the stocks have managed to deliver double-digit returns in FY24 so far. Have a lookNote: ETMarkets Screener only considered stocks with a market cap of more than Rs 5,000 crore (Source: Ritesh Presswala | Ace Equity)

Volume profile indicates Nifty has strong support around the 19,300-19,400 zone. OI data showed that on the call side, the highest OI was observed at 19,700 followed by 19,800 strike prices while on the put side, the highest OI was at 19,500 strike price

Indian market closed in the green for the second day in a row. The S&P BSE Sensex rose over 200 points while the Nifty50 closed just a shade below 19,600 levels. Sector-wise, buying was seen in healthcare, telecom, IT and realty stocks while selling was seen in utilities, power, and metals

There is a need to identify, monitor and manage the risks introduced into the securities market ecosystem by unlisted companies in a conglomerate with a complex set of listed and unlisted associates, the regulator said in its annual report for 2022-23 (April-March).

Currently, Rekha Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 31,901.4 crore. The investors' portfolio has increased 28% from the March quarter to Rs 33,017 crore in the June quarter

In this insightful article, we explore the intriguing world of stock market contradictions, where certain stocks find themselves in an overbought zone but experience declining Relative Strength Index (RSI) trends. We delve into the significance of RSI and its role in understanding stock movements

India ranks 8th in the world in terms of the issue proceeds, with no cross-border deals recorded, EY India says. On the main board, 6 companies launched public offers in the June quarter, including fund raising by an infrastructure investment trust

On August 4, Monday, Trendlyne reported over 40 Nifty50 stocks that are trading with the Golden Crossover pattern. ETMarkets has cherry-picked ten stocks from this group, offering potential investors valuable insights for their decision-making process

Group-level disclosures could be made mandatory around cross holdings - where a publicly-traded company owns stock in another publicly-traded company, the Securities and Exchange Board of India (SEBI) said.

The investment portfolios of prominent investors attract significant attention within financial circles on Dalal Street. In this context, ETMarkets examined the investment holdings of the well-established investor Radhakishan Damani. Recent data from the June quarter reveals that Damani has holdings in approximately 13 stocks. It's important to note that this list specifically includes companies in which Damani holds a stake exceeding 1%.The combined value of these holdings is roughly Rs 1.65 lakh crore as of August 4. Interestingly, it's worth emphasizing that almost 96% of this total market value is centred around a single stock, namely Avenue Supermarts, which is valued at 1.59 lakh crore. However, when it comes to price performance, this particular stock has delivered a return of about 7% in FY24 so far. In contrast, eight stocks have recorded gains of over 20% during the same period. (Data Source: ACE Equity)