"IRFC stock has confirmed a breakout from a Cup and Handle pattern on the daily charts which is a continuation pattern in nature. Traders can buy for a target of Rs 45 in the next 2 months," Gaurav Bissa, VP, InCred Equities, said.

Adani Total Gas has reported consolidated net profit of Rs 150 crore for the quarter ended June. Revenue from operations rose by a marginal 2% year-on-year to Rs 1,135 crore.

"There is an apprehension that sales may be impacted with slower recovery in rural areas than expected," said Nirvi Ashar, fundamental research analyst at Religare Broking. The company is scheduled to announce its first-quarter results on August 4.

The turbine maker, founded by the late Tulsi Tanti, has gone through two rounds of debt restructuring in its lifetime, the latest one in 2020 when its lenders decided to restructure the company's over ₹13,000 crore debt. From 2020, through the restructuring, promoter capital infusion and a rights issue, the company has brought down its gross debt to ₹1,806 crore as of June 30, 2023 and a positive consolidated net worth of ₹1,297 crore.

The privately owned company, which is making some initial batches of its prismatic or rectangular cells in South Korea, will acquire 100 acres of land close to the technology hub of Bangalore to build its plant.

The sharp surge in unsecured lending has more observers highlighting risks and advising caution. After credit bureau TransUnion Cibil flagged concerns over the sharp rise in unsecured retail advances by banks and NBFCs, now rating firm India Ratings (Ind-Ra) has called for higher capital buffers and close monitoring of unsecured advances by non-bank lenders.

Fortis Healthcare and Healthcare Global Enterprises hit a record highs on Tuesday, Apollo Hospitals and KIMS did so last week. All leading listed healthcare players have hit record highs on the bourses in the recent weeks in anticipation of a good June-quarter show.

Market participants note Taparia is a peculiar case where the company's revenue in FY23 was ₹764 crore and net profit was ₹72.32, while its market capitalisation is just ₹3.34 crore. Adjusted for the 4:1 bonus share issue and the dividend pay out, the stock is currently trading at ₹2.20 per share. For FY23, the company has paid ₹155 per share as dividend.

“The RBI sent a draft to the ESMA in the first week of July, there are some dilutions in the language, but they have not made any relaxations on the sticking point, which is the right to audit, inspect and potentially levy fines on the CCIL,” a source aware of the development said.

Under the twin structure, National Asset Reconstruction Company Ltd (NARCL) — the state-backed bad bank — acquires and aggregates bad loans from lenders while another organisation, India Debt Resolution Company Ltd (IDRCL), acting parallelly as a private sector entity, focuses on resolution of the non-performing assets for enhancing the value of the loans and finding a better suitor for the troubled borrowing company.

"Such unsafe practices lead to frauds being perpetrated or funds and securities being misappropriated or financial products/services being mis-sold or customers being subjected to unsolicited cross-sell or upsell."

Traders can remain in the stock as long as it holds on to last week’s support of Rs 34 on a closing basis, suggest experts. In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts, which is a positive sign for the bulls.

Keeping a lid on Dow's losses, Caterpillar advanced 7.4% as the global economic bellwether reported a rise in second-quarter profit, though it warned of a sequential fall in current-quarter sales and margins.

A small negative candle was formed with a minor lower shadow. Technically, this pattern signifies a lackluster movement in the market at the hurdle of the down-sloping trend line around 19800 levels

According to bulk deal data on BSE, Kushal Pal Singh, one of the promoters, sold 1,44,95,360 shares on the stock exchange at Rs 504.21 each, totalling Rs 731 crore.

Kushal Pal Singh, the promoter of DLF Limited, along with Mallika Housing Company and Beverly Builders, has divested their shares.

Equity benchmark Sensex pared early gains to end lower on Tuesday, pressured by selling in index majors Reliance Industries, Powergrid and ICICI Bank amid a mixed trend in global equity markets. Besides, continuous foreign fund outflows also dented investor sentiment, traders saidHowever, strong buying in HDFC Bank, Infosys, NTPC and TCS restricted the declineIn a highly volatile trade, the 30-share BSE Sensex declined 68.36 points or 0.10 per cent to settle at 66,459. During the day, it hit a high of 66,658.12 and a low of 66,388.26The NSE Nifty fell 20.25 points or 0.10 per cent to end at 19,733.55. Top gainers from the Nifty pack included stocks such as Coal India, NTPC, Tech Mahindra, HCL Tech, and LTIMindtree"Nifty remained choppy; it swung between positive and negative territory throughout the session before settling a tad lower. Nifty’s 19800 strike call and 19700 strike put continue to hold a significant OI base on weekly expiry, while India VIX remains below levels of 11. This could lead to price consolidation in the 19550-19850 zone. Sectoral trends are likely to remain mixed, and focusing more on stock-specific action seems a prudent strategy to follow in the near term," said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES SECURITIESHere are the stock recommendations for Wednesday:

A small negative candle was formed with a minor lower shadow. Technically, this pattern signifies a lackluster movement in the market at the hurdle of the down-sloping trend line around 19800 levels

They say the regulation prohibits BRSR Core assurance providers from offering permitted services under Section 144 of the Companies Act to their audit clients.

On Tuesday, the benchmark index Sensex saw a slight dip of about 68 points, closing at 66,459. However, despite the sluggishness in the market, 11 stocks listed on the BSE Capital Goods index achieved new highs within the past 52 weeks. The 52-week high is of particular importance to certain traders and investors as a crucial technical indicator to assess a stock's present value and project potential price fluctuations. It denotes the highest price at which a stock has been trading in the last year.

Billionaire KP Singh has sold his entire remaining stake in DLF for around Rs 731 crore. Singh, who was named the chairman emeritus in June 2020, sold 1,44,95,360 shares at Rs 504.21 each.

Dow Jones Industrial Average rises 26 points at the open to 35,585.99.

Securities and Exchange Board of India (Sebi) has released a proposal aimed at improving the safeguards within the account aggregator (AA) framework in securities markets to counter scams and mis-selling.

As per the latest corporate shareholdings filed, Porinju V Veliyath publicly holds 18 stocks with a net worth of over Rs 207.2 crore, shows Trendlyne data. The data further highlights that there are 2 new stocks which Porinju picked in Q1 while raising his holdings in 3 others.

The Relative Strength Index (RSI) is a crucial tool in evaluating stock movements and identifying potential reversals in momentum. Stocks with declining RSI trends while being in the overbought zone indicate the possibility of a bearish trend. ETMarkets has selected ten such overbought but bearish stocks based on a StockEdge report.

“The short-term trend of Nifty remains choppy. Some more consolidation movement or minor weakness is likely before showing a decisive upside breakout of the crucial overhead resistance around 19,850 levels in the short term. Immediate support is placed at 19,600 levels,” said Nagaraj Shetti of HDFC Securities.

ET Markets brings you an exclusive peek into Concord Biotech's upcoming IPO and their future plans. The company's top brass share their cutting-edge innovations that drive their success in the biotech industry. Watch!

ETMarkets has carefully selected 10 stocks from the 46 Nifty50 stocks reported by Trendlyne on Friday, August 1, that have witnessed this pattern formation

The Relative Strength Index (RSI) provides valuable insights into a stock's momentum and potential price movements. ETMarkets selected 10 stocks from a list of 38 reported by StockEdge on July 31st that have shown notable RSI uptrends.

ETMarkets has handpicked 10 stocks from this list, offering valuable insights for potential investors to make well-informed decisions. The article emphasizes the significance of understanding RSI and highlights the importance of caution when dealing with overbought stocks.

Relative Strength Index (RSI) is a momentum oscillator that helps traders and investors gauge the momentum and strength of a stock's price movement. RSI is calculated using a formula that takes into account the average gains and losses over a specified period.

Companies like Borosil Renewables, Nocil, Tech Mahindra, HCL Technologies, Gujarat Alkalies and Chemicals, KNR Constructions, and Coal India, showcasing strong performance in their respective sectors.

ADX or Average Directional Index helps quantify signal strength. ETMarkets has collated a list of stocks with an m-cap of over Rs 10,000 crore that are said to be in the trending phase as the ADX has crossed 25 from below. Note, the data is based on the previous trading day’s data i.e. July 31, 2023. (Source: StockEdge)

Sector-wise, IT and telecom stocks witnessed heavy buying, while selling was seen in realty, infra, power and healthcare stocks. Stock-specific action was seen in KIOCL, which closed with gains of nearly 15% to hit a fresh 52-week high; Exide Industries that rose over 5%, and Bharat Forge that pared gains after hitting a 52-week high

The BSE Metal Index witnessed a momentous surge today on August 1 as five prominent metal stocks, namely APL Apollo Tubes, Jindal Steel & Power, JSW Steel, National Aluminium, and SAIL, soared to their respective new 52-week highs.

As a result, many investors offload their positions and suffer decapitating losses in the process. Instead of adopting such a reactionary approach toward equity investing, retail equity investors ought to follow a few simple steps to utilise such downward cycles to strengthen their stock portfolio.

As of 31st July 2023, several stocks have demonstrated significant growth by crossing their 200-day Simple Moving Average (SMA), a key technical indicator used to assess the stock's trend and potential.

The share of sports utility vehicles (SUVs) in the company’s domestic passenger vehicles volume expanded by 500 basis points sequentially to 22%. It increased for the fifth quarter in a row. Maruti’s market share remained between 41-42% for the past four quarters.

The BSE Auto Index witnessed a surge on August 1 as four prominent stocks, Balkrishna Industries, Cummins India, Hero MotoCorp, and MRF, achieved new 52-week highs.

The BSE Auto Index witnessed a surge on August 1 as four prominent stocks, Balkrishna Industries, Cummins India, Hero MotoCorp, and MRF, achieved new 52-week highs.

Closing Bell: Sensex ends volatile session marginally lower; Nifty below 19,750; IDBI Bank surges 8%, DLF drops 4%

The market breadth was skewed in the favour of the bulls. About 2,070 stocks gained, 1,491 declined, and 167 remained unchanged on the BSE.

A company issues bonus shares to their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

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 6 largecaps that signal a possible uptrend in the near term.Note: The data is of the previous session i.e. July 31 trading as today’s data is updated EoD. (Source: StockEdge)

Investors closely monitor the portfolios of top investors on Dalal Street. ETMarkets.com chose to analyse the portfolio of ace investor Mukul Agarwal. Based on the latest data from the June quarter, Mukul Agarwal publicly disclosed holdings in about 59 stocks, with a combined value of around Rs 4,100 crore as of July 31. It's important to note that this list includes companies where Mukul Agarwal holds more than a 1% stake, though it may not cover all of his investments. The data reveals that 49 out of the 59 companies have achieved double-digit returns in 2023. Interestingly, six stocks from the list have doubled investors' wealth during the same period, transforming them into multibaggers (Data Source: ACE Equity).Let's take a closer look:

MACD or Moving average convergence divergence is a momentum indicator used in market technical analysis. The metric shows the relationship between 2 moving averages of prices. The indicator is used to trade trends. Herein the crossover of the two lines offers trading signals.

Hero Moto stock, which hit an over 2-year high of Rs 3,244 in early trade, erased the gains to hit a low of Rs 3,032.25 on the National Stock Exchange. The selling came on the back of strong volumes of more than 2 million shares. This was way higher than the six-month daily average volume of 6,15,362 shares.

The total volume in DeFi is currently $3.41 billion, 10.7% of the total crypto market 24-hour volume. The volume of all stablecoins is now $29.42 billion, which is 92.31% of the total crypto market 24-hour volume.

European stocks slipped on Tuesday as weak factory activity data from Asia and some disappointing earnings stalled a rally in markets that had pushed several regional indexes to multi-year highs recently.

Total supplies during April-July 2023 to all-consuming sectors were up to 244.5 MTs clocking 5.7% growth over a high base of 231.2. MTs of the same period last fiscal. Supplies on a year-on-year basis have witnessed 13.3 MTs expansion during the first four months of the financial year in reference.