The airline plans to add six more international locations in the current year. In the coming quarters, domestic competition is likely to intensify as SpiceJet (fund infusion), Jet Airways (revival), Akasa and Air India are either adding capacity aggressively or starting operations anew.

Rating agency Fitch on Tuesday downgraded the US government's top credit rating by a notch to 'AA+', citing expected fiscal deterioration and rising debt burden. The downgrade sent jitters across global markets as investors assessed the impact of the move. When a country's debt-to-GDP ratio increases, it becomes harder for it to repay debt, leading to a lower credit rating, higher borrowing costs, and added pressure on the currency.Here are 9 countries with AAA credit ratings. (Data Source: Reuters | TOI)

COREWEAVE-FUNDING/CoreWeave raises $2.3 billion in debt collateralized by Nvidia chips

Option data suggests a broader trading range between 19,000 and 20,000 zones while an immediate trading range between 19,200 and 19,600 zones

Understanding the significance of RSI in assessing stock movements, we delve into the top 10 stocks identified by ETMarkets from the 60 stocks reported by StockEdge on August 2, Wednesday. Investors should closely monitor these stocks for potential trend reversals.

On August 3, Thursday, Trendlyne reported 21 Nifty50 stocks that have witnessed the Golden Crossover, and ETMarkets has handpicked 10 stocks from this group for potential investors to watch

RSI can confirm the strength of a stock's trend. When the RSI moves up along with the stock's price, it confirms the strength of the uptrend. Conversely, when the RSI moves down along with the stock's price, it validates the bearish trend

Unlike the US Federal Reserve or the European Central Bank - which also both raised rates by a quarter-point last week - the BoE's Monetary Policy Committee gave little suggestion that rate hikes were about to end as it battles high inflation.

Benchmark indices Sensex and Nifty closed lower for a third straight day on Thursday in tandem with a bearish trend in global markets and continuous foreign fund outflows. Losses in ICICI Bank and HDFC Bank also added to the ongoing weak trend in the benchmark indices. The 30-share BSE Sensex fell by 542.10 points or 0.82 per cent to settle at 65,240.68. During the day, it slumped 819.7 points or 1.24 per cent to 64,963.08. The NSE Nifty declined 144.90 points or 0.74 per cent to end at 19,381.65.

While Fitch's statement had nothing new to offer as it is a well-known fact that developed market governments are getting more indebted, the downgrade of US rating to AA+ from AAA is seen as being sentimentally negative for riskier assets.

The stock market witnessed a dynamic performance in the stock market as several notable stocks crossed their 20-day Simple Moving Averages (SMA), indicating significant market momentum and potential upward trends.

On August 2, 2023, several prominent stocks surpassed their last week's high, indicating strong market momentum and potential for further growth.

Shares of KSB rose by nearly 13% on the NSE to hit their 52-week high of INR 2,597.95 due to a strong Q1FY24 financial performance. The pump and valve manufacturer reported a 32% YoY increase in consolidated net profit at INR 62.8 crore for the quarter ended 30 June 2021.

MACD or Moving Average Convergence Divergence is a momentum indicator. The metric shows the relationship between the two moving averages of prices. 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.

On August 2, Wednesday, data sourced from StockEdge revealed that over 54 stocks were trading in an overbought zone. ETMarkets has identified 10 stocks from this group that investors should keep a close eye on for potential trend reversals.

Global investment firm Temasek Holdings and Mahindra & Mahindra have executed a binding agreement whereby the former will invest Rs 1,200 crore in the latter’s subsidiary Mahindra Electric Automobile Ltd. Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release.

On August 2, Wednesday, StockEdge reported that over 60 stocks were trading with RSI trending down, indicating potential bearish signals in the market. ETMarkets has handpicked 10 stocks from this list, presenting an interactive and informative analysis for potential investors.

August 3 witnessed a remarkable surge in the BSE MidCap segment as several stocks hit new 52-week highs, displaying strong bullish momentum despite market fluctuations.

The MSCI World index has recorded 16.2% year to date return which is the best since 2009. Indian equities added $0.6 trillion of the market capitalization since the beginning of March 2023 while the world's market capitalization expanded by $8.9 trillion. It means India contributed about 7.2% to the incremental global market capitalization while its share in the world’s total market cap was 3.4%.

In case a client fails to do so, the broker will transfer the funds and securities of such clients to another registered broker in the next 15 days under advice to the said clients, Sebi said in its order on Wednesday.

While Fitch's statement had nothing new to offer as it is a well-known fact that developed market governments are getting more indebted, the downgrade of US rating to AA+ from AAA is seen as being sentimentally negative for riskier assets.

Considered the ultimate trend indicator, ADX or Average Directional Index helps quantify signal strength. The tool can be used in respect of any investment vehicle including stocks, mutual funds, ETFs and derivatives. Here we have collated a list of 4 stocks that are said to be entering a strong trend zone based on ADX. Further, note that for these stocks ADX has gone above 40 from below. (Source: StockEdge).

The stock market witnessed several noteworthy stocks crossing their 200-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

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

Shares of Interglobe Aviation, the operator of IndiGo, fell over 5% on the NSE on Thursday. The sudden drop came as several top brokerages raised concerns over the Indian airline's ability to repeat its Q1 performance in the future.

RSI or Relative Strength Index can be used to know about stocks which are overbought, meaning trading at a price higher than its fair or intrinsic value. So, here ETMarkets has compiled the list of top counters that are signalling an overbought state (Source: StockEdge) using the RSI metric.

Tata Group's fashion and lifestyle products retailer Titan on Wednesday reported 2% year-on-year drop in its standalone profit after tax at Rs 777 crore for quarter ended June 2023.

The latest data for the June quarter reveals that Rekha Jhunjhunwala has openly reported her positions in around 27 stocks, valued collectively at approximately Rs 34,030 crore as of August 3. Notably, this compilation focuses on companies where the accomplished investor maintained a stake exceeding 1%, although it might not encompass her entire investment portfolio.A detailed analysis unveils that, within this selection, 17 out of the 27 stocks have yielded double-digit returns in 2023. What's intriguing is that this roster includes seven stocks that have recorded substantial gains ranging of 25% to 95%, with the noteworthy aspect being that the foreign institutional investors (FIIs) have also increased their holdings in six out of these seven stocks.It's important to highlight that the comprehensive list of 27 stocks also encompasses certain notable underperformers, such as Rallis India, DB Realty, and Jubilant Ingrevia, which saw their share prices decline by 10-20% over the same period. (Data Source: ACE Equity)

Decline in oil prices from their highs and staying at a stable level. Increased economic activity are tailwinds which logistics companies have been getting for the last three quarters. While it is a tough task to make a guess on the oil prices, given the fact that despite the self imposed cut in oil production by Saudi Arabia, crude oil prices have still not seen any sustained uptrend. So the probability of a major headwind does not seem to be close by. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Gaurav Bissa, VP at InCred Equities, said, "Railway theme has been one of the most interesting and rewarding ones in recent times. While stocks like RVNL and RailTel witnessed quick gains recently, IRFC has been a shy one. This is expected to change in a big way."

On wednesday, global markets were rattled by downgrade of US paper by Fitch. In line with other global markets, How long this correction continues is anyone guess. But what is under the control of an investor is 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.

Temasek will invest the money by subscribing to compulsorily convertible preference shares at a valuation of Rs 80,580 crore, M&M said in a release.

Gaurav Bissa, VP at InCred Equities, said, "Railway theme has been one of the most interesting and rewarding ones in recent times. While stocks like RVNL and RailTel witnessed quick gains recently, IRFC has been a shy one. This is expected to change in a big way."

"Consider that household debt/GDP in India is just 19% vs. 48% for China and that only 2% of Indian households have life insurance. Manufacturing and services PMIs have rallied consistently since the end of Covid restrictions in contrast to the rapid fade seen in China. As well, real estate transaction volumes and construction have broken out to the upside," the analysts said in a report.

Recent data released by the Ministry of Statistics has shown an increase in retail inflation to 4.81% in June. Rising inflation is a cause for alarm for investors but with the implementation of result-oriented strategies they cannot only shield their investments from erosion but also earn optimal returns.

Brokerage firm Axis Securities is positive on a few smallcap stocks, which can rally up to 22% in 2023. The brokerage firm believes that the Indian economy stands at a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘buy on dips’ market. Here's a list of 10 smallcap stocks that can rally up to 22%, according to Axis Securities:

The stock witnessed a strong bounce back after hitting a 52-week low of Rs 56.85 on 2nd August 2022. The stock closed at Rs 120 on 1st August 2023 which translates into an upside of 111% in the same period.

The floor price for the transaction, valued at $501 million or Rs 4,130 crore, is said to be at Rs 258.5 a share, implying a 5% discount to Wednesday's closing price of Rs 272.8 on NSE. Twin Star Holdings held a 46.4% stake in Vedanta, data showed.

The two verticals that most IT companies saw notable slowdown were banking and telecom, and these two sectors saw significantly higher digital spend during the pandemic period. The commentaries by companies indicate that project ramp downs or cancellations might still be on-going as and when these projects come up for renewals.

Tata Group's fashion and lifestyle products retailer Titan reported its standalone profit after tax at Rs 777 crore for the quarter ended June 2023. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore. Both figures were below the Street estimate. During the quarter, the company's margin fell 239 bps to 9.9%.

The floor price for the transaction, valued at $501 million or Rs 4,130 crore, is said to be at Rs 258.5 a share, implying a 5% discount to Wednesday's closing price of Rs 272.8 on NSE. Twin Star Holdings held a 46.4% stake in Vedanta, data showed.

Ambuja Cement on Thursday announced the acquisition of a majority stake in Sanghi Industries, one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore.

The Council, chaired by Sitharaman and comprising state ministers, in its last meeting on July 11 approved levying a 28% tax on the full face value of bets in online gaming, casinos and horse racing.

The domestic business reported a robust 14% YoY growth in the quarter. The secondary sales saw an impressive growth of 12.5%, thereby outperforming the industry by 1.5 times. The company registered a volume growth of 4.3%, compared to the industry growth of 1.4%.

Ambuja Cements Ltd (ACL), the cement and building material company of Adani Cements and part of the ports-to-power conglomerate Adani Group, on Thursday announced the acquisition of Sanghi Industries Limited. The deal was finalised at an enterprise value of Rs 5,000 crore and will be funded by Ada. With this, ACL will acquire 56.74% of the shares from Sanghi Industries from its existing promoter group i.e. Ravi Sanghi and family. The acquisition will be fully funded through internal accruals.

Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed foreigners purchased a net $3.48 billion of equities in July, the fourth successive month of inflows since April.

Backed by Rakesh Jhunjhunwala’s RARE Enterprises, Concord Biotech IPO opens for subscription this week but D-Street analysts suggest investors with a short-term view to avoid the IPO.

The state-owned insurer's stake in LTTS rose 117 bps to 5.7%, Infosys 64 bps to 8.83%, HCL Tech 32 bps to 4.55%, LTIMindtree 24 bps to 3.36%, Wipro 17 bps to 4.59% and TCS 16 bps to 4.63%.

Multipolar world trends are supporting FDI and portfolio flows, with India adding a reform and macro-stability agenda that underpins a strong capex and profit outlook, it said, adding that a secular trend is seen toward sustained superior USD EPS growth versus EM over the cycle, with a young demographic profile supporting equity inflows.

"We have a Buy rating on Metro Brands stock with a target price of Rs 1,065, valuing the stock at 50x FY25E earnings. The company deserves a premium multiple, given its best-in-class store economics, robust margin profile, high double-digit return ratios, and huge expansion plans providing ample scope for growth," Sandeep Raina, Executive Vice President- Research, Nuvama Professional Clients Group, said.