On the monthly options front, the maximum Call OI is placed at 19800 and then towards 19700 strikes, while the maximum Put OI is placed at 19700 and then towards 19500 strikes.

From the Sensex pack, Tata Motors opened over 3% higher after the firm reported a higher-than-expected consolidated net profit of Rs 3,203 crore in Q1 FY24. Meanwhile, L&T, Power Grid, Infosys, Wipro, JSW Steel, and HUL also opened with gains.

History doesn't repeat, but it does rhyme. For all the traders and investors who are planning to take a trade around the quarterly results, especially of blue chip companies. There are some numbers and trends which are extremely important, otherwise they would feel the same as the traders with overnight long positions of Infy would have felt last friday. The reason, stocks with high institutional holdings tend to have strong decisive movements very soon after the results.

Axis Capital maintained a buy rating on Piramal Enterprises with a target of Rs 1140. The buyback proposal is on the expected lines. The company has excessive capital and the value unlocking from Shriram Finance has created further cushion on the capital base.

After Ambani's 'buy 1 get 1 offer' for shareholders of Reliance Industries (demerger ratio of 1:1), investors were expecting ITC also to opt for a 100% vertical split. But ITC management chose to keep 40% ownership with itself and give away the remaining 60% to existing shareholders.

In the Nifty200 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on July 25, 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.

The Nifty hit a high immediately after open but did not show any strong trend for the day.

In the Nifty500 pack, eight stocks crossed above their 200 DMA (Daily Moving Averages) on July 25, 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:

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are stocks that have established a bullish engulfing pattern on July 25 and hint at bullish reversal in the future. (Source: StockEdge)

Tata Motors DVRs trade at a price almost half of that of ordinary shares, and therefore, provide arbitrage opportunities to investors. Under the scheme of arrangement, the DVR holders will get seven fully paid-up ordinary shares of the company, for every 10 DVRs they hold.

Bajaj Finance’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 7000 and 8000. Let’s plan a trade around this.

The company has decided to cancel its DVR shares meant for simplification of capital structure, potentially narrowing the discount between two securities. Interestingly, ordinary shares are also likely to see an earnings upgrade from improving margins at its UK subsidiary Jaguar Land Rover and the domestic business.

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of midcap and smallcap stocks that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of July 25 trading session. (Source: StockEdge)

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 NTPC and Tata Steel while Nooresh Merani has a buy/sell recommendation on NTPC and Axis Bank for today's trading session. Check out the targets and stoploss.

Stocks that were in focus include names like Tata Steel, which rose 3.12%, TVS Motor, which gained 5.86%, and DCM Shriram, whose shares fell 6.38% on Tuesday.

Five 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 25.

GIFT Nifty on the NSE IX traded 14 points, or 0.07 per cent, higher at 19,871, signaling that Dalal Street was headed for positive start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

The yield on benchmark 10-year Treasury notes rose to 3.8924%, compared with its U.S. close of 3.912% on Tuesday. The two-year yield, which rises with traders' expectations of higher Fed fund rates, touched 4.8848% compared with a U.S. close of 4.893%.

Shares in the owner of Google and the maker of Windows climbed 0.6% and 1.7%, respectively. "When you have this much enthusiasm for a specific investing theme, you don't need much of a reason for markets to move. It's inertia," said Steve Sosnick, chief strategist at Interactive Brokers.

FPIs turn net buyers at Rs 1,088 crore after two days of selling. DIIs sold shares worth Rs 333 crore on Tuesday.

"BHEL stock has recently surpassed the previous swing high with a noticeable rise in volumes. The chart pattern indicates the prevailing recovery to continue. Traders can buy for a target of Rs 114 in next 1-2 months," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

SBI Life has reported net profit of Rs 381 crore for the quarter ended June. The net premium income rose 19% year-on-year to Rs 13,104 crore

Lenders of Vidarbha Industries Power will hold a Swiss challenge auction on August 8 among the three shortlisted asset reconstruction companies (ARCs), said people aware of the development. Lenders have shortlisted Aditya Birla ARC, Avenue Capital-backed Asset Reconstruction Company of India (Arcil) and Reliance ARC as eligible candidates to submit counter offers for the sale of the distressed power company, the people said.

TVS shares made a record high of ₹1,388.45 before closing at ₹1,383.70 apiece on the NSE, up 5.86% from the previous close. More than 56 lakh shares exchanged hands on the BSE and NSE, up over five times the combined average daily volume for the past one month.

​​Adani Green jumped 10%, emerging as the biggest gainer among the group companies. Adani Power gained 9.2%, while ACC, Adani Total Gas, Ambuja Cements, Adani Wilmar and NDTV rose 4-5% each.

The latest Reserve Bank data indicates that in the July 15 fortnight it fell to Rs 26,000 crore as one of the biggest issuers-HDFC is now out of the market. Fresh issues have been slowing since June this year. Interest rates ranged from 6.7 per cent to 13.1 per cent during the fortnight. Significantly fresh issues fell even as the rates have not hardened and have remained range bound around 6.7 percent since May

​​Foreign Portfolio Investors (FPIs) have consistently increased their stakes in about 40 companies such as ITC, Raymond and Karnataka Bank among others in the past six quarters, according to data compiled by ET.

JPMorgan Asset Management is plowing into equities and at least one Invesco fund has done an about-face from its previous cautious positioning. DataTrek says investors are now betting on individual stocks instead of trading on macro themes.

The company has decided to cancel its DVR shares meant for simplification of capital structure, potentially narrowing the discount between two securities. Interestingly, ordinary shares are also likely to see an earnings upgrade from improving margins at its UK subsidiary Jaguar Land Rover and the domestic business.

Hero Motors was spun off from Hero Cycles, a company helmed by Pankaj Munjal's father Om Prakash Munjal for decades before the latter passed away in 2015. Hero MotoCorp's Pawan Munjal is the son of Brij Mohan Lall Munjal, a sibling of Om Prakash Munjal.

The stock hit a 52-week high of Rs 99.53 in intraday trade on July 25. It has rallied over 6% in a week and nearly 30% in the last 3 months. The momentum has helped the stock break above the swing high of Rs 91.45 recorded on December 5, 2022. With this, it has also ended the 7-month-long consolidation phase.

Investors have been on the guard after U.S. inflation data in July showed a third consecutive monthly decline in fares, with prices dropping at their fastest pace since February 2021

At a time when the wider rally has made some stocks, especially in the tech space, too expensive, the return of meme stocks is offering retail investors a more affordable option to participate in 2023's market rebound and pocket big returns.

With the central bank on track for another 25-basis point interest rate hike on Wednesday, policymakers face a choice over how much weight to put on recent economic data.

Seven Nifty50 companies - Bajaj Finance, Axis Bank, Tech Mahindra, DRL, Cipla, Tata Consumer and BPCL will post their Q1 results on Wednesday. Here's a quick look at what to expect from their earnings show

The latest Reserve Bank data indicates that in the July 15 fortnight it fell to Rs 26,000 crore as one of the biggest issuers-HDFC is now out of the market. Fresh issues have been slowing since June this year. Interest rates ranged from 6.7 per cent to 13.1 per cent during the fortnight. Significantly fresh issues fell even as the rates have not hardened and have remained range bound around 6.7 percent since May

The case relates to mis-selling of the bank's AT1 (Additional Tier-1) bonds to retail investors by the bank's officials. It was alleged that the bank and certain officials did not inform investors of the risk involved while selling the AT-1 bonds in the secondary market. The sale of AT1 bonds started in 2016 and continued till 2019

Equity indices extended their losing run for the second straight session as intraday recovery was short-lived. Nifty ended below 19,700 levels at 19,680, while Sensex ended with a minor cut of 29 points at 66,356. Bank Nifty also saw selling pressure and the overall breadth turned negative as 80% of its constituents ended in the red. Even sectorally it was a mixed show, with metal pack emerging as the top gainer, while the PSU Bank basket was the top loser. “The daily chart indicates a downward consolidation with the price falling below the rising trendline. The RSI shows a bearish crossover. Notably, the support level at 19550 is crucial, and if breached, the index could further decline towards 19300. Conversely, resistance is positioned at 19800 on the higher side,” said Rupak De, LKP Securities.Here are the stock recommendations for Wednesday:

Sectorally, buying was seen in utilities, metal, power, and consumer durable stocks while selling was seen in FMCG, capital goods, realty, and banks

Dow rises 0.03%, S&P 500 opens higher by 0.01% while Nasdaq Composite gains 0.24% at the opening bell

On Tuesday, benchmark index Sensex ended marginally lower, dropping about 30 points and closed at 66,355. Despite the relatively stagnant market, 4 stocks from the BSE Capital Goods index hit new highs within the 52-week timeframe. For some traders and investors, the 52-week high serves as a vital technical indicator for assessing a stock's present value and anticipating potential price fluctuations. Essentially, it signifies the highest price at which the stock has been trading over the past year.

The move is aimed at capital reduction, and the automaker will seek National Company Law Tribunal’s approval for the same, it said. Holders of DVRs have different voting and dividend rights when compared to holders of ordinary shares. Tata Motors had issued DVRs back in 2008 when it did a rights issue.

As per the stochastic oscillator i.e. a momentum indicator, for these major largecaps including ITC, Stochastic has been reversing from the overbought zone. This implies that the bearish reversal has occurred and one should sell when the price moves below 80 from the overbought zone. Primarily, this indicates that the price has become bearish and moving forward to the oversold territory. (Source: StockEdge)

Leading market expert, Madhusudan Kela, has invested in Natco Pharma and Praxis Home Retail, acquiring a 1% stake in the former and 2.1% in the latter. Kela's investment in Natco Pharma and Praxis Home is worth INR 138 crore and INR 4 crore, respectively.

As per the latest corporate shareholdings filed, Mukul Agrawal publicly holds 56 stocks with a net worth of over Rs. 3,840.9 crore. The ace investor increased holdings in Capacit'e Infraprojects, Zen Technologies, Kanoria Chemicals & Industries, and Suzlon Energy, among others in Q1. Take a look: (Source: Trendlyne)

Nifty ended the trading session on Tuesday with a flat market and formed a small bearish candle, indicating weak bias in the market with choppy movements. Experts suggest a bullish short-term outlook and recommend taking advantage of the intermediate pullback as a buying opportunity, with significant support at 19,615-19,560, and resistance

Tata Motors will create a Trust, which will receive the new ordinary shares from the company on behalf and for the benefit of each of the relevant shareholders. ​The issuance of shares instead of cash will help in preserving the liquidity for the company’s future growth. Besides, it will allow the holders of the ‘A’ ordinary shares to continue to participate in the company’s performance through the ordinary shares.

Shares of retail favourite ITC went up 40% this year in anticipation of the hotels business demerger but as soon as the company announced the spin-off, traders started to dump the stock. On Monday, it declined 4% and then in Tuesday's trade it fell another 3%, taking the slide to 7% in 2 days. Here are a few reasons why investors are selling ITC shares now.

BSE SmallCap index witnessed a remarkable rally today, with several prominent stocks achieving new 52-week highs, showcasing the strong growth potential of these companies in the current market

The initial public offering of Noida-based hospital chain Yatharth Hospital will open for subscription on Wednesday, 26th July, and close on Friday, 28th July. Here's everything you need to know about this upcoming issue.