In the NSE list of stocks, eight stocks with a market cap of over Rs 1000 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 July 7.

The jump in developed world yields caused ripples in currency markets, particularly in carry trades where investors borrow yen at super-low rates to invest in high yielding emerging market currencies. The net result was a rush to close yen short positions which saw the Japanese currency rally across the board last week. The dollar was last sitting at 142.30 yen, after sliding 1.3% on Friday, while the euro held at 155.96 yen. The single currency was firm on the dollar at $1.0962.

"Going forward, markets are likely to sustain the current momentum, as stock-specific action will pick up with the onset of the Q1FY24 earning season," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

"The base is gradually shifting higher from the last 5 months. This stock price has given a fresh breakout on weekly frame and any small dips are being converted into buying opportunity," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Suzlon Energy Ltd on Friday said its board has approved a proposal to raise up to Rs 2,000 crore. The company will explore various financial routes to raise the amount.

In their June quarter review, Dabur, Godrej Consumer Products and Adani Wilmar said sales volume growth improved due to a further drop in product prices and stability in demand.

If the discussions on Mahindra Electric Automobile do lead to a favourable conclusion, the British development financier will be making its second-round investment in the Indian conglomerate. The deal valuation is likely to be worth 10-15% more than the previous round of funding, which had valued Mahindra's EV subsidiary at ₹70,070 crore ($9.1 billion), said one of the sources.

Adani Capital's management - led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 - owns around 10% of the company. Promoters own nearly 90%, which is up for grabs.

The mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This is in line with the company's average borrowing cost of 8.5%. One basis point is 0.01 percentage point.

Rare ARC has offered an upfront payment of ₹68 crore for a total loan of ₹110.4 crore, equating to a recovery of 62% for the private lender. The binding offer by Rare ARC has triggered a Swiss challenge auction. Coffee Day Global is a subsidiary of listed Coffee Day Enterprises, promoted by the late VG Siddhartha, who committed suicide in 2019 that shocked many in the business community.

​Nifty had a strong 800-point rally in the last eight trading sessions, making an all-time high of 19,523. In the shorter time frame, momentum indicators show overbought signs, and FII index long positions have also reached 73%.

The Mumbai Police may approach India's Securities and Exchange Board to enquire about the former Forward Markets Commission chairman Ramesh Abhishek's role in the 10-year-old ₹5600 crore National Spot Exchange payment crisis. The police are seeking to establish if the capital-markets regulator's investigation revealed any alleged act of deliberate omission, commission, or negligence on Abhishek's behalf.

The stock rose from Rs 272 recorded on June 30th, 2023, to Rs 310 on 6th July 2023, an upside of nearly 14% in a week. The power stock, with a m-cap of more than Rs 50,000 crore, hit a 52-week high of Rs 369 on 5th September 2022 but failed to hold on to the momentum.

Adani Enterprises Ltd, the group's flagship firm, plans to raise Rs 12,500 crore through share sale to investors while electricity transmission company Adani Transmission another Rs 8,500 crore. Its renewable energy firm plans to raise Rs 12,300 crore

Reliance Industries and ITC were the major gainers as six of the top-10 most valued companies added INR 119,763.25 crore ($16.08bn) last week in India, buoyed by a positive trend in domestic equities. Reliance Industries added INR 57,338.56 crore, while ITC added INR 21,291.04 crore. Meanwhile, HDFC Bank lost its market capitalisation by INR 22,926.37 crore ($3.07bn).

Infosys is down 11% this year, Wipro 1%, while TCS has risen only 1%. Tech Mahindra, HCL Tech, and MindTree have managed to gain between 11-19%, but interestingly, their upside seems dwarf in front of high double-digits to multibagger returns offered by some Tier-2 IT companies.

Benchmark stock indices Sensex declined by 505 points on Friday, while Nifty settled lower at the 19,330 level due to profit-taking in financial, IT, and oil shares after a record-breaking run and weak global trends. Ending its eight-day winning streak, the broader Nifty of the NSE declined by 165.50 or 0.85 per cent to settle at 19,331.80. As many as 44 Nifty shares declined while six gained.“The Nifty experienced a significant decline after failing to maintain its position above 19500. This drop led to the index falling below the 21EMA on the hourly chart, indicating an increasing bearish sentiment in the market. Furthermore, the hourly RSI has shown a bearish crossover, adding to the negative outlook. The immediate support level is identified at 19300, while the resistance level remains at 19500,” Rupak De, Senior Technical analyst at LKP Securities, said.Here are stock recommendations for Monday:

Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said that FPIs may take some money off the table to maintain caution as concerns over interest rate hikes by the US Federal Reserve in July once again come up.

As far as the deposit is concerned, he said, "we hope to grow the liability side by 10 per cent during current financial year." Asked about the resource mobilisation plan of the bank, he said, Capital Adequacy Ratio of the bank stood at 16.28 per cent in March 2023 and this should be enough to take care of loan growth during the year.

The grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company's shares are expected to list at a premium of 58%.

When valuations are high but sentiments are bullish, it would be better to add the word “ caution” to your portfolio. Now how does one do it ? By putting some quantitative parameters when making a decision to buy a stock. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

PE ratio is one of the most overused and misused ratios. It is used by all and sundry to justify their valuations and create a mirage of value. Right from investor presentations to research reports, one finds its mention everywhere. But is this the right matrix to look at ? It is better to use PEG ratio when looking for long-term investment, though finding the right ratio is itself a challenge.

A Mcap/Sales analysis can be performed on peer companies to explicate the valuation dynamic of each stock in the industry. This analysis can even be extended to per bed revenue & profitability detail to elaborate further like gestation period and productivity.

Even as the mainstream IPO market went through a lean patch during the first half of the year, the SME space more than made up for the lull with as many as 70 companies listing on the SME platforms of both exchanges. Here are 10 IPOs in 2023 that delivered blockbuster returns to investors. Source: Primedatabase (Data: Closing prices as of July 5, 2023)

After witnessing a strong re-rating for 5 years, companies with strong brands in different sectors but still coming under the umbrella of consumer space have witnessed a consolidation. Even in the current bull run they have not performed as well as they used to do in the past. Is the period of consolidation over?

On the options front, Call options were written aggressively on Friday with the 19400 Call holding the highest open interest base followed by the 19500 strike. Hence a move beyond 19500 should be crucial for a continued uptrend in the index. On the downside, Nifty has already closed below its Put base of 19400 while IVs have come remained under pressure.

A Mcap/Sales analysis can be performed on peer companies to explicate the valuation dynamic of each stock in the industry. This analysis can even be extended to per bed revenue & profitability detail to elaborate further like gestation period and productivity.

Reliance Industries and ITC were the major gainers as six of the top-10 most valued companies added INR 119,763.25 crore ($16.08bn) last week in India, buoyed by a positive trend in domestic equities. Reliance Industries added INR 57,338.56 crore, while ITC added INR 21,291.04 crore. Meanwhile, HDFC Bank lost its market capitalisation by INR 22,926.37 crore ($3.07bn).

Stocks that were in focus include names like Titan Company, which was up more than 1%, Kalyan Jewellers, which rose more than 5% and Sunteck Realty, which closed with gains of nearly 12% on Friday.

From a technical standpoint, the market is experiencing strong bullish momentum, Santosh Meena, Head of Research at Swastika Investmart, said. "The levels around 19,500–19,600 may act as an immediate supply zone. If this zone is surpassed, the next target levels would be 19,770 and 20,000. On the downside, a slip below the 19,300 level in the Nifty index could trigger profit booking, potentially leading to a decline toward the support levels at 19,100 and 18,888," Meena said

VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a traded session by considering the total trading value in the stock and dividing it by the number of shares traded. So, here are the stocks that have been closing below their VWAP consecutively for 3 days. Note here we have mentioned just the last VWAP (Source: StockEdge)

VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a trading session by considering the total traded value of the stock and dividing it by the number of shares traded. So, here we have collated a list of major largecap stocks for which the stock has closed above its VWAP consecutively for 3 days. Further, such a stance is a bullish indicator. Here we have just taken the last VWAP and close into account. (Source: StockEdge)

VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a trading session by considering the total traded value of the stock and dividing it by the number of shares traded. So, here we have collated a list of major largecap stocks for which the stock has closed above its VWAP consecutively for 3 days. Further, such a stance is a bullish indicator. Here we have just taken the last VWAP and close into account. (Source: StockEdge)

He also decreased his holdings in Surya Roshni by 0.2% in the June quarter, bringing it down to 1.8% or 10 lakh shares from 2% in March quarter, the Trendlyne data said. The value of his holdings are worth Rs 78.8 crore.

RIL said her appointment is subject to approval of shareholders as well the Reserve Bank of India and will be effective from the date of receipt of RBI approval. Besides Isha, the board has also approved the appointment of McLaren Strategic Ventures' Hitesh Sethia as the CEO and MD of Reliance Strategic Ventures, which would later on be renamed as Jio Financial, for 3 years.

6 major stocks hint at a bullish trend as these stocks have settled at a higher price than the last month’s close. (Source: StockEdge)

The volume and delivery scan provides the list of stocks that witnessed an increase in traded as well as delivered quantity. Here, we have collated a list of large and midcap stocks that saw high delivered and traded quantity this week and at the same time rallied over 10% during the given timeframe.(StockEdge)

FII strategy is focussed more on country-specific factors rather than sectoral prospects within a country. That’s why they adopted the ‘Sell India, Buy China’ strategy in Jan and February. During these 2 months, FIIs sold financial services for Rs 15,744 crores. Now, pursuing the ‘Sell China, Buy India’ strategy, the same FIIs have bought stocks in financial services for Rs 19,229 crores in June alone and this buying trend continues,Vijayakumar said.

Best known for the drones used in Aamir Khan's 3 Idiots - and then bagging a 20 million dollar Indian Army contract, ideaForge - recently came up with its IPO. The response that the IPO got was quite stellar. On the listing day, the shares of the company nearly doubled. So what should you do as an investor? Watch the video. Visual Courtesy: ideaforge

A speculative income is defined as a transaction, which is not based on any delivery of the commodity, be it shares or others. For instance, equity intraday income is considered as speculative income as traders buy and sell the stock on the same day and there is no delivery to the demat account.

Trident Ltd, which has a market capitalisation of about Rs 17,000 crore, manufactures textiles, paper, yarn, and chemicals. The company products include towels, printing paper from wheat straw, weaving and hosiery yarns, and sulphuric acid. The company derives most of its revenue from exports.

​​The move will unlock value for 36 lakh-strong shareholder base of RIL, India's largest company by market capitalisation. As part of the merger scheme, RIL shareholders will get one share of Jio Financial for every share they own of RIL. The stock is already up 13% in the last three months.

In the previous week gone by, equity indices in the backdrop of positive domestic data print and sustained FII inflow gained to fresh record highs, nonetheless weak global cues weighed towards the end of the week and Nifty ended Friday’s session around 166 points lower at 19,332. Nonetheless, amid buoyancy in the market, Nifty PSU Bank index recorded whopping gains of 8.5% in a week’s time. So, here are the largecap banking counters that closed above last week's high. (Source: StockEdge)

Best known for the drones used in Aamir Khan's 3 Idiots - and then bagging a 20 million dollar Indian Army contract, IdeaForge - recently came up with its IPO. The response that the IPO got was quite stellar. On the listing day, the shares of the company nearly doubled. So what should you do as an investor? Watch the video.

Are banks more prone to interest rate cycles or is it manufacturing business which is more vulnerable to higher interest rates? Would rapidly rising use of artificial intelligence tools bring more risk to software companies as some of them may lose their relevance or it would be adding more value to the manufacturing sector. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Looking at the data set up, especially in today's session, some profit taking was there at higher levels because most of the call writers were aggressive at 19,600, 19500 strike on the call side and so it clearly creates some pressure on the index.

Given the global macro backdrop, we are expecting the orders to have slowed down and the hikes taken to retain employees over the last one year, those have reduced the margins. So, topish or flattish margins and not very good order flows, weak guidance is what we are expecting on IT, even though the rupee numbers will look good year-on-year. Overall, we are expecting a good earnings season for the Nifty and broader market.

The returns given by Hindustan Zinc shares over the last 12 months stand at near 33% according to Trendlyne data which is higher from the returns given by Nifty50 during this time. The latter has given returns of 20%, Trendlyne data suggested.

Investors Shah Rakesh and Satpal Khattar sold shares worth Rs 697 crore and Rs 510 crore, respectively in Eric Lifesciences and IIFL Finance. Meanwhile, HDFC Mutual Fund and BNP Paribas Arbitrage bought shares worth Rs 94 crore and Rs 51 crore in Eric Lifesciences and CEAT.

In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.