The Futures Long Position Scan performed on Wednesday revealed Aggressive New Long positions on 8 Nifty50 largecap counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

In the Nifty200 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on July 5, 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 or longer.

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 BHEL and Century Textiles while Nooresh Merani has a buy/sell recommendation on ICICI Bank and HUL for today's trading session. Check out the targets and stoploss.

The key technical indicators are in favor of the bulls on the long-term as well as the short-term timeframe charts. The stock will explore uncharted territory after a wide range breakout which could take it towards Rs1,900-2000, zone. In case of any decline, the stock may find support around Rs 1640-1660 levels being the band of averages.

In the Nifty500 pack, six 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 July 5.

On the candlestick screener, a bearish reversal pattern helps identify stocks that can slip into a downward trend from the current uptrend. So, here are 3 counters with m-cap over Rs 1,000 crore that have established a Gravestone Doji pattern and signify bearish reversal. (Source: StockEdge)

The dollar slipped 0.22% to 144.335 yen on Thursday, undoing all of the previous day's 0.13% advance. Japanese officials have sounded almost daily warnings over yen weakness as it approached the 145 level that triggered intervention last autumn. The dollar briefly touched 145.07 yen on Friday.

In the Nifty500 pack, seven stocks crossed above their 200 DMA (Daily Moving Averages) on July 05, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. 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. Take a look:

In the Nifty500 pack, six 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 July 5.

Investors expect stocks to move increasingly out of sync as shown by the Cboe 3-Month Implied Correlation Index, which measures the 3-month expected average correlation across the top 50 value-weighted S&P 500 stocks. The Index touched a record low of 17.59 on Wednesday.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move up from a downward zone in the future. Here's a list of 7 stocks with m-cap above Rs 1000 crore that have established a Bullish Harami pattern and hint at bullish reversal in the future. (Source: StockEdge

In data out on Wednesday, new orders for U.S.-made goods increased less than expected in May, fanning fears of an economic slowdown. Meanwhile, China's services activity expanded at the slowest pace in five months in June, according to a private-sector survey.

Foreign portfolio investors were net buyers for the sixth straight day at Rs 1,603 crore. DIIs sold shares worth Rs 439 crore on Wednesday.

"V-Guard has ended a 6-year-long consolidation phase of late and currently trading around the breakout zone. Traders can buy for a target of Rs 328," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Adani Wilmar has delivered strong double-digit volume growth at 25% for the first quarter ended June. However, sales declined 15%, mainly due to sharp drop in edible oil prices.

The Securities and Exchange Board of India (SEBI) has issued a show-cause notice to the National Stock Exchange (NSE) regarding allegations that certain high-frequency traders manipulated its software to execute many orders undetected and displace other users from the system. The TAP software scandal was detected in 2013, but the authority caught up to it during an investigation into the co-location scam by income tax authorities four years later, leading to SEBI's recent intervention.

The promoters of the Adani Group, led by Gautam Adani, plan to continue reducing their holdings in group companies to build a liquidity buffer that can be used to tap new opportunities and invest in other business units. They have already sold stakes to GQG Partners and are in negotiations with other global investors for potential divestments. Talks with a West Asia-based fund are expected to finalize by September.

Japanese brokerage firm Nomura upgraded the stock by two notches to 'buy' and set a target price that has the potential to deliver another 17% returns from the current levels. "Believe this is a good acquisition," said Nomura in a note to clients. "See high potential of sunroof systems and entry into Japanese customers. Further upside can come from ability to add customers across Japan, US & EU."

Samvardhana Motherson, a demerged subsidiary of Motherson Sumi, has acquired 81% stake in the four-wheeler business of Honda Motor's subsidiary for nearly Rs 1,300 crore. The acquisition will enable SAMIL to make a foray into the high-growth segment of sunroofs in automobiles

HDFC Bank's total deposits increased 19% to ₹19.13 lakh crore but the bank's CASA deposit growth was much slower at 11%. More importantly, the bank's CASA ratio has fallen to 42.5% in June 2023 from 44.4% in March 2023. Similarly, IndusInd Bank's loan book increased 21% to ₹3.01 lakh crore in June 2023 from ₹2.47 lakh crore a year ago.

The combined outstanding loan amount of this pool was approximately ₹1,300 crore, translating into an immediate recovery of around 23%. ACRE ARC, backed by Ares SSG, emerged as the anchor bidder, offering ₹305 crore in upfront cash for the purchase. Additionally, HDFC is entitled to 65% of all recoveries above ₹85 crore for one group of accounts.

GVK Power (Goindwal Sahib) has a 25-year power purchase agreement with PSPCL and now it is the sole bidder for the Punjab-based company. Incidentally, the company has undisputed trade receivables of ₹327 crore from PSPCL and another ₹334 crore disputed trade receivables from the state utility, according to an information memorandum circulated by the RP to the potential bidders.

The stock rose more than 3% on Wednesday to hit a new all-time high. The shares crossed ₹10,000 apiece for the first time in a choppy trading session. On Wednesday, Maruti announced the launch of Invicto, a seven-seater upscale people mover (or multi-purpose vehicle). The vehicle is priced in the vicinity of ₹25 lakh.

The 30-share BSE Sensex dipped 33.01 points or 0.05% to settle at 65,446.04. The benchmark remained in the negative territory for most part of the trade and fell 222.56 points or 0.33% to 65,256.49 in intra-day.

In a list released by AMFI on Wednesday, companies such as FSN E-Commerce (Nykaa), JSW Energy, Tata Elxsi, Indus Towers, and Page Industries were downgraded from large-cap to mid-cap.

The central bank said that existing arrangements between card networks and card issuers (banks and non-banks) are not conducive to the availability of choice for customers. It has called for public comments by August 4 and set October 1 as the date to implement the circular. If implemented, customers can choose their card provider either at the time of issue or any other subsequent time.

The minutes shed light on how tricky the decision was for policymakers to achieve. Even as they left rates unchanged, almost all officials said that additional increases would likely be appropriate, with most emphasizing that post-meeting communications would be essential to convey that message.

Though some selling pressure has been recorded, experts suggest that the increase presents an opportunity for traders to accumulate stocks on declines. V-Guard stock has been moving in a range since 2017, where Rs 150-160 acted as its crucial support, while on the upside Rs 270-275 emerged as a stiff resistance

HDFC Bank will remain a part of the FTSE MPF-All World, FTSE Global Large Cap, and FTSE Emerging indices, while HDFC will be deleted from these indices

Startup Central | HCL Co-Founder Arjun Malhotra to ET NOW. "Industry bodies should do forensic audits and give clarifications," says Malhotra on governance issues for startups

Wall Street indexes fell due to weak US and China economic data coupled with Sino-US tensions ahead of the Federal Reserve's meeting. May US factory orders rose less than expected, fanning fears of a slowdown because of high interest rates after manufacturing data showed slumps last month.

As part of its energy-transition goals, BPCL is also looking to expand its renewable power generation portfolio to 1GW by 2025 and 10GW by 2040, from 50MW currently. IOC is also looking to expand its renewable energy portfolio substantially from the current level of 238MW, and to install 10,000 electric vehicle charging stations in the next three years, from the 1,900 it has already.

Sebi has issued a consultation paper on 'Consolidated Cyber Security and Cyber Resilience Framework (CSCRF) for Sebi Regulated Entities' looks at providing a common structure for multiple approaches to cyber security to prevent any cyber-risks/incidents.

Samvardhana Motherson, a demerged subsidiary of Motherson Sumi, has acquired 81% stake in the four-wheeler business of subsidiary of Honda Motor, for nearly Rs 1,300 crore. The acquisition will enable SAMIL to make a foray into the high-growth segment of sunroofs in automobiles

Equity benchmark indices took a breather from an unabated record-breaking rally in the last few trading sessions and ended flat on Wednesday. Amid weak global cues and fall in HDFC twins, Sensex slid 33 points to settle at 65,446 and Nifty gained 9 points to end at 19,398. Meanwhile, broader markets showed resilience and notched new fresh high intraday.From the Nifty pack, top gainers were Bajaj Auto, Divi’s Laboratories, Hero Motocorp, HDFC Life and Maruti Suzuki.“The Nifty remained in sideways movement over the past two days, suggesting a lack of demand at higher levels. However, the overall trend remains strong, as the index continues to sit comfortably above critical moving averages, indicating absence of aggressive short positions at this time. On the higher end, resistance is placed between 19,450 and 19,500, which the Nifty might face some difficulty in surpassing. Looking ahead, it is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19,200 to 19,500. This implies range-bound trades unless there is a directional breakout, said Rupak De, Senior Technical analyst at LKP Securities.Here are the stock recommendations for Thursday:Equity benchmark indices took a breather from an unabated record-breaking rally in the last few trading sessions and ended flat on Wednesday. Amid weak global cues and fall in HDFC twins, Sensex slid 33 points to settle at 65,446 and Nifty gained 9 points to end at 19,398. Meanwhile, broader markets showed resilience and notched new fresh high intraday.From the Nifty pack, top gainers were Bajaj Auto, Divi’s Laboratories, Hero Motocorp, HDFC Life and Maruti Suzuki.“The Nifty remained in sideways movement over the past two days, suggesting a lack of demand at higher levels. However, the overall trend remains strong, as the index continues to sit comfortably above critical moving averages, indicating absence of aggressive short positions at this time. On the higher end, resistance is placed between 19,450 and 19,500, which the Nifty might face some difficulty in surpassing. Looking ahead, it is expected that the Nifty will likely continue to trade sideways, as long as it sustains within the range of 19,200 to 19,500. This implies range-bound trades unless there is a directional breakout, said Rupak De, Senior Technical analyst at LKP Securities.Here are the stock recommendations for Thursday:

Sino-US tensions and weak economic data from Beijing dent sentiments

On Wednesday, the benchmark index Sensex ended the day with a flat and negative bias, slipping approximately 33 points to reach the 65,446 level. Despite the slightly negative market sentiment, six stocks listed on the BSE PSU index achieved new highs within the 52-week timeframe. The 52-week high is an important milestone for certain traders and investors, serving as a vital technical indicator to assess the present value of a stock and anticipate possible price fluctuations. It signifies the highest price at which a stock has been traded in the preceding year.

RBL Bank share price gains over 4% due to substantial growth in deposits and advances; MRPL gains 12% giving a handsome pole and flag breakout above Rs 81, forming a pattern that may see a target of Rs 92-93. Samvardhana Motherson International opens gap up, jumping 6%, but remains in the range of Rs 88 to Rs 94 throughout the day

Options data suggests a broader trading range between 19100 to 19600 zones while an immediate trading range between 19250 to 19500 zones. The hourly Bollinger bands are contracting, indicating rangebound price action.

The 30-share BSE benchmark Sensex declines 33 points or 0.05% to settle at 65,446, while the NSE Nifty50 rises 9 points or 0.05% to end at 19,398. Sector-wise, Nifty Financial Services declines 0.82%, and Nifty Bank falls 0.33%. Nifty Auto surges 1.64% and Nifty FMCG rises 1.82%

The bonus issue will be issued out of the capital redemption reserve of the company, as of March 2023. The company has fixed July 7 as the record date for determining the eligibility of shareholders.

HDFC will be replaced with Zomato in BSE 100 index. HDFC Ltd will be removed from all the other BSE indices. Besides HDFC, TVS Motor Company and Apollo Tyres have also been removed from a few indices of the exchange

The S&P BSE FMCG index witnessed a remarkable surge today as several stocks hit new 52-week highs, reflecting the strength of the FMCG (Fast-Moving Consumer Goods) sector in the Indian market.

Anand Rathi Wealth reached a new 52-week high of Rs 907.5 on July 5. As a renowned wealth management and financial services company, Anand Rathi Wealth provides a comprehensive range of investment and advisory services to clients.

In separate notices, both the exchanges have told market participants that HDFC will be suspended from trading with effect from July 13, (i.e., closing hours of trading on July 12).

Closing Bell: Sensex snaps 5-day record-setting streak, ends 33 pts lower; Nifty near 19,400; BHEL surges 7%, Suzlon drops 4%

The 30-share BSE benchmark Sensex declines 33 points or 0.05% to settle at 65,446, while the NSE Nifty50 rises 9 points or 0.05% to end at 19,398

Several S&P BSE MidCap stocks showcased impressive performance by hitting new 52-week highs on Wednesday. Among them were BHEL, Exide Industries, COlgate Palmolive These stocks, representing a diverse range of sectors, have attracted significant investor attention with their strong upward momentum

The 50 SMA is a key technical indicator that provides insights into a stock's short-term trend. When a stock's price closes above its 50 SMA, it often indicates positive momentum and potential for further upside.

Invicto marks Maruti's entry into the premium three-row segment, as it looks to gain a foothold in the above Rs 20 lakh segment with the new model after having attained leadership in the Rs 15-20 lakh vehicle segment last fiscal. Price of the new car's 7-seater model begins from Rs 24.79 lakh while the 8-seater model commands a price of Rs 24.84 lakh.