In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on August 2, 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.

Stocks that were in focus include names like Sula Vineyards, which was down 8.12%, Eicher Motors, which fell 2.62%, and Tata Steel, whose shares declined 3.25% on Wednesday.

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 Escorts Kubota and HUL, while Nooresh Merani has a buy/sell recommendation on HAL and Power Grid for today's trading session. Check out the targets and stoploss.

Five stocks with a market cap of over Rs 500 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 02.

In the Nifty500 pack, 4 stocks crossed above their 200 DMA (Daily Moving Averages) on August 2, 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.

The storm was expected to brush past Taiwan's northern coast late on Thursday before making a sharp turn to the northeast on Friday, bringing total rainfall of up to 0.6 meter (2 feet) in mountainous central Taiwan and 0.3 meter of rain on the mountains near Taipei.

The yield on 10-year Japanese government bonds (JGB) rose to 0.65% on Thursday, the highest since April 2014, after the Bank of Japan loosened its grip on yield curve control last week.

Nifty futures traded 26 points, or 0.13 per cent, higher at 19,526.50, signaling that Dalal Street was headed for a positive start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

Fitch downgraded the United States to AA+ from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well as growing government debt. Fitch was the second major agency to cut the country's rating. In 2011 Standard & Poor's stripped the country of its triple-A grade.

“On the short-term charts, LIC Housing Finance stock has already given a fresh breakout above the falling trend line of the downward sloping channel along with a sudden rise in volumes. Traders can buy for a target of Rs 455 in the next 4-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Titan posted a 2% year-on-year drop in its profit at Rs 777 crore in the June quarter. Its quarterly revenue jumped 19% YoY to Rs 10,306 crore.

Fitch cited fiscal deterioration over the next three years and a decline in governance standards as reasons for the downgrade.

Slower deposit growth, likely decline in fee income, rising operational expenses and increasing number of so called credit tested customers is likely to impact bank profitability in the next couple of years, consultancy firm McKinsey & Co said. It expects banks' return on asset (RoA) to drop to 0.80% to 1% range in the next two years from 1.1% at the end of fiscal 2023.

Indian banks, especially those privately owned, are adding branches at the fastest pace in several years to help garner deposits, upending conventional wisdom that increasing familiarity with digital modes of transaction will obviate the need for brick-and-mortar lender facilities.

ReNew has secured a project loan of ₹2,700 crore from the State Bank of India for its 403 MW Peak Power Project, signalling that local lenders that lost money having advanced large funds to power plants a decade ago are finally beginning to extend loans to them - but to only those with a robust equity component in the capital structure.

They included Abu Dhabi Investment Authority, Carmignac Portfolio, Loomis Sayles, and Neuberger Berman. Domestic investors such as Axis MF Aditya Birla Sun Life MF, ICICI Prudential MF, SBI MF and HDFC MF also participated

IndiaFirst Life Insurance Company has launched a non-linked and non-participating product Guarantee of Life Dreams (G.O.L.D.) Plan, that offers policyholders regular long-term income.

The shares will be sold at a floor price of ₹258.50 a share, which translates into more than a 5% discount to Wednesday's closing price of ₹272.80 on the National Stock Exchange.

The stock hit a 52-week high of Rs 443 on September 15, 2022, but failed to hold on to the momentum. It bounced back after hitting support above Rs 315 on March 28. This swing high of Rs 443 is also the neckline resistance of the inverted Head & Shoulder pattern on the weekly charts. A breakout from the same could push the stock towards Rs 450 levels. The stock closed at Rs 417 on August 1.

According to bulk deals data available with the exchanges, Madhuri Kela has bought 50.2 lakh shares or 5.3% stake in the company. The transaction was done at a weighted average price of Rs 61.65.

Early moves in U.S. financial markets on Wednesday indicated some aversion to riskier assets as investors assessed the impact of the surprise downgrade.

The comments by Richard Francis on CNBC came a day after Fitch took the United States' top-tier AAA rating down a notch to AA+, drawing fiery pushback from the White House and Treasury Department.

The initial public offering (IPO) of SBFC Finance will open for subscription on August 3. The issue closes on August 7. The company's shares are expected to get listed on both exchanges. Here's everything you need to know about this issue.

Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades. The rating was cut on Tuesday one notch to AA+ from AAA, the highest possible rating.

Several major brokerages said Fitch's downgrade was unlikely to result in a sustained drag on U.S. financial markets, noting that the economy was stronger than in 2011.

SBFCFinance's IPO opens on August 3. Aseem Dhru, MD & CEO and Mahesh Dayani, Co-Founder & CBO of SBFC Finance talks about the IPO, NBFC sector, competition and more. Watch!

It plans to sell $103 billion in its quarterly refunding next week, which will raise $19 billion in new cash and refund $84 billion in securities. This will include $42 billion in three-year notes, $38 billion in 10-year notes and $23 billion in 30-year bonds.

The top three global ratings agencies: S&P Global, Fitch and Moody's, use the same system of letters, ranging from a top AAA rating through B, C and D for payment defaults.

The top three global ratings agencies: S&P Global, Fitch and Moody's, use the same system of letters, ranging from a top AAA rating through B, C and D for payment defaults.

On Wednesday, the benchmark index Sensex underwent a significant decline, plummeting by about 677 points and settling at 65,782. However, despite this market downturn, 7 stocks listed on the BSE commodities index achieved new highs in the past 52 weeks. The 52-week high carries particular importance for certain traders and investors as a critical technical indicator to assess a stock's current value and predict potential price fluctuations. It represents the highest price at which a stock has traded over the last year.

Dow Jones Industrial Average falls 79 points, S&P 500 opens lower by 26 points and the Nasdaq Composite drops 151 points at the opening bell

ETMarkets.com has analysed seven stocks from the renewable energy sector that have rewarded investors handsomely over the past one year. (Company information taken from website & Trendlyne)

Equity benchmark indices Sensex and Nifty fell by 1% on Wednesday on weak global market trends and continuous foreign fund outflows. Fitch Ratings has downgraded the United States government's credit rating, citing rising debt at the federal, state, and local levels and a "steady deterioration in standards of governance" over the past two decades.The rating was cut on Tuesday one notch to AA+ from AAA, the highest possible rating.The 30-share BSE Sensex, after falling over 1000 points, recouped some of the losses and tumbled 676 points to settle at 65,783. The NSE Nifty fell 207 points to end at 19,526.55.Meanwhile, broader markets which were seeing relentless gains also succumbed to the sell-off and underperformed their headline peers.“On the daily charts, we can observe that the Nifty has closed below the 20-day moving average (19,622), which was holding on as support since the up move started in April 2023 which is a sign of short-term weakness. The daily momentum indicator has a negative crossover which is a sell signal, and the indicator is still away from the equilibrium line indicating that the weakness can continue. We expect the Nifty to continue with the weakness and on the downside, we expect it to target levels of 19,100 from a short-term perspective. Crucial support levels to keep handy are 19,420 – 19,400 and on the upside, 19,600 – 19,630 is the immediate hurdle zone,” said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas.Here are the stock recommendations for Thursday:

Several Indian companies have attracted a significant share of Foreign institutional investors' (FIIs') money in the June 2023 quarter. This indicates international investors’ faith in Indian companies for their potential for growth and profitability. Here’s a list of 10 stocks where FIIs have considerably hiked stakes in the previous quarter. (Source: BSE)

The daily momentum indicator has a negative crossover which is a sell signal, and the indicator is still away from the equilibrium line indicating that the weakness can continue

Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.

Oil logged its biggest monthly gain in more than a year on signs the market is tightening, with estimates that crude demand is running at a record clip just as OPEC+ cuts back production. Take a look at how other assets performed in July. (Source: ToI)

Stocks that were in focus include names like KEC International which pared some gains after hitting a 52-week high, Escorts Kubota also closed flat with a positive bias after hitting a fresh 52-week high and BSE pared gains and closed with a loss of nearly 1% on Wednesday.

On August 2, Trendlyne reported 46 Nifty50 stocks that have witnessed the Golden Crossover, and ETMarkets has handpicked 10 stocks from this list

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 the 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 major largecap stocks which signal a possible uptrend in the near term. Note the data is of the previous day i.e. August 1 as today’s data is updated EoD. (Source: StockEdge)

On August 1, StockEdge reported 38 stocks with RSI trending up, and from this list, ETMarkets has shortlisted 10 stocks. In this article, we will delve into the significance of RSI, analyze the trending up stocks, and explore why investors should closely evaluate RSI movement in their decision-making process

On August 1, StockEdge reported 25 stocks trading in the overbought zone but with declining RSI, indicating a bearish move. From this list, ETMarkets has handpicked 10 such stocks to explore further

Closing Bell: Indian shares fell on Wednesday, dragged by broad sectoral slide, tracking global peers after weak economic data from the United States, euro zone and China triggered caution and weighed on risk sentiment. Banks, RIL drag Sensex 677 points lower; Nifty below 19,550; IndiGo climbs 4%, Tata Motors sheds 3%.

The stock market witnessed notable movements as several stocks surged above their 20-day Simple Moving Average (SMA) on 1st August 2023, indicating bullish momentum. Investors are closely observing these stocks for potential investment opportunities in the market

In an analysis shared on his official X handle, Nikhil Kamath explained how bull markets, on an average, have lasted around 1 year and 10 months with the most recent 4 bull runs exceeding this average and lasting "over three years"

As per the stochastic oscillator i.e.a momentum indicator, for some of these top midcaps Stochastic has been trending down to below 50 levels. This implies that the stock is likely to continue to trade lower. (Source: StockEdge)

From the technical scan on MACD based on the previous day’s data, ETMarkets has collated a list of top large, midcaps whose MACD line has crossed the signal line. This typically gives a bullish signal, suggesting the price of the stock can tick higher. Also, note the further it is below the zero line, the stronger the signal strength.Let’s first understand MACD and other metrics of importance here. Note the data is from the previous day as today's data is updated by the end of the day. (Source: StockEdge)

In an analysis shared on his official X handle, Nikhil Kamath explained how bull markets, on an average, have lasted around 1 year and 10 months with the most recent 4 bull runs exceeding this average and lasting "over three years"

The stock market witnessed significant movements as several stocks surged beyond their last week's high on August 1, 2023, indicating a potential upside in the market. Investors are closely observing these stocks for potential investment opportunities in the ongoing market trends.