Benchmark stock indices Sensex and Nifty tumbled over 1 per cent on Friday, snapping their six-day record-breaking run as IT behemoth Infosys tanked over 8 per cent after it slashed the FY24 growth outlook. The 30-share BSE Sensex tanked 887.64 points or 1.31 per cent -- its biggest single-day slide in over four months -- to settle at 66,684.26. During the day, it plummeted 1,038.16 points or 1.53 per cent to 66,533.74. The NSE Nifty fell by 234.15 points or 1.17 per cent to end at 19,745, cutting short its six-day winning run. As many as 36 Nifty shares closed in negative while 14 advanced.“A crucial support level for Nifty lies at 19700, marked by significant Put writing. Should the index breach this level, it may lead to a substantial market correction. On the upside, resistance is positioned at 20000,” Rupak De, Senior Technical analyst at LKP Securities, said.Here are stock recommendations for Friday:

​Stocks in focus included names like Infosys, which was down more than 8%, Reliance Industries (RIL) fell more than 2% ahead of results, and ICICI Bank, which closed flat but with a positive bias ahead of results on Friday.

The Securities and Exchange Board of India (SEBI) has expanded disclosure requirements for listed entities to encompass agreements not binding between parties, if they pertain to management or control of the company. The move is intended to boost transparency, mitigate information asymmetry and prevent unfair practices.

The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.

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Sumit Poddar of Tikona Capital lists 5 behavioural biases that investors should avoid to amass solid returns. Take a look!

YTD, the market has performed better than expected because the key risk point of a likely fall in earnings growth reversed due to a strong upside in economic activities in Q4FY23, which is expected to continue in Q1FY24. The mid-calendar year review is that the market has become more optimistic.

The STCG is taxed at 15% if the investor sells equity shares within 12 months of purchasing it. STCG applies when shares are sold at a price higher than the purchase price. Meanwhile, LTCG is taxed at 10% on the sale of equity shares over a threshold of Rs 1 lakh after holding it for at least one year. In both cases, the applicable cess will apply. LTCG also provides the benefit of indexation

From HDFC Bank to Infosys, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot

Textile is one of the oldest industrial sectors in India. However, right from labour issues to smaller Asian countries becoming more competitive in terms of cost of production, different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.

On the options front, Call writers have gone a bit aggressive due to the sharp sell-off seen on Friday. However, Put option bases seem to be intact and no major closure was experienced at ATM 19800 strike

A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. 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".

From HDFC Bank to Infosys, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot

Five out of the top 10 Indian companies gained a market valuation of Rs 4,23,014.4 crore last week, with HDFC Bank and ICICI Bank being the major contributors. HDFC Bank's market valuation rose by Rs 3,43,107.78 crore, making it the second most valuable company after Reliance. Meanwhile, the market valuation of Reliance

One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions, is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value.

The US Federal Reserve is expected to approve a quarter percentage-point hike at its meeting this week, placing interest rates at their highest levels since 2001. This comes despite recent signs of slowing inflation, which the central bank has been battling for more than one year.

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Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said

Major June quarter earnings are lined up for this week. Tata Steel, Bajaj Auto, Asian Paints, SBI Life Insurance Company, Tata Motors, Larsen & Toubro, Tata Consumer Products, Bajaj Finance, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Axis Bank, Nestle India, Bajaj Finserv, among others will declare their Q1 earnings.

Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last

Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25

Bain Capital is in advanced talks to acquire Adani Group’s shadow bank Adani Capital, edging past Carlyle and Cerberus Capital Management.

The contribution profit for the first quarter is up by about 80% year-on-year to Rs 1,304 crore, with a margin of 56%. At the operating level, EBITDA before ESOP improved to Rs 84 crore, with margins at 4%, driven by an increase in contribution margin and operating leverage.

The coming week also has a monthly derivatives expiry lined up. The days would remain influenced by rollover-centric activities. The week is likely to see a tepid start, with the levels of 19,850 and 20,000 acting as potential resistance points. The supports come in at 19,610 and 19,470 levels.

The contribution profit for the first quarter is up by about 80% year-on-year to Rs 1,304 crore, with a margin of 56%. At the operating level, EBITDA before ESOP improved to Rs 84 crore, with margins at 4%, driven by an increase in contribution margin and operating leverage.

But how do we make this analysis? Some investors rely on guesswork, while others examine past performance. But hold on! There's a logical model that can help you calculate the expected rate of return based on the risk involved. This model is known as the ‘Capital Asset Pricing Model’.

India’s economic and earnings growth strength, coupled with a possible recession in the US are the two key reasons behind India’s outperformance and we are hopeful that this outperformance should continue due to 3 reasons.

"We are on our committed guidelines of becoming free cash flow positive by the year-end," Sharma said. Paytm has reported a narrowing of loss to Rs 358.4 crore in the first quarter ended June 30, 2023. The company had posted a loss of Rs 645.4 crore in the same period a year ago.

TVS Motor, a largecap company with a market capitalization of over Rs 60,000 crore, is a reputed two and three-wheeler manufacturer globally. The company operates across 80 countries. It has an EPS of 31.38 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 10.55.

Success rate refers to the percentage of profitable trades a trader has out of the total number of trades taken over a specific period of time. For instance, in cricket, the batsman’s aim is to score runs on each and every ball he faces. If he scores 75 runs in 100 balls, we say he has a strike rate of 75%. Similarly, in the stock market, the trader’s aim is to make as many profitable trades as possible.

The volume and delivery scan provides the list of stocks that witnessed an increase in traded as well as delivered quantity. This is integral when it comes to undertaking technical analysis of stocks. The more active the stock, the more shall be its volume.Here, we have collated a list of stocks that saw high delivered and traded quantity this week but fell over between 5-14% during the given timeframe. (StockEdge)

Recent climatic conditions in parts of Pakistan and China have led to sudden rise in the price of rice globally. In order to ensure that domestic prices stay under control, a ban on non-basmati white rice was imposed this week. Will this bring an opportunity for rice exporting companies which export basmati rice ? However the agro sector is not very well covered by analysts, not many stocks have a recommendation, probably because they are largely small and mid-cap in nature.

In the week gone by, amid relentless FII buying and positive global cues, Nifty50 inched very close to 20,000 levels. Nonetheless, on Friday, weighed down by weak earnings by Infosys primarily, indices saw a sharp selloff and ended lower. Despite the profit booking towards the end of the week, Nifty notched gains to the tune of 0.92% during the week. During this time period, some of the BSE PSU stocks also closed above last week's high. Here ETMarkets has listed down largecap BSE PSU stocks that closed above last week's high. (Source: StockEdge)

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".

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The other companies that saw block deals include Bharti Airtel, Hindustan Unilever, Tata Consultancy Services, Bandhan Bank, IndusInd Bank, Voltas, Rallis India, Sun Pharmaceuticals, and Fortis Healthcare with executed deals worth between Rs 393 crore and Rs 188 crore in the descending order size.

As more stocks from different sectors see an improvement in their analyst scores, it is important to be selective before being bullish when looking at stocks. 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.

HUL shares have underperformed the market in the past year with the stock remaining flat as against the 27% gains in the Nifty FMCG index and the 18% upmove in the benchmark Nifty. ITC shares surged 64% in this period.

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“Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed response to questions from Bloomberg News. “The price has since been corrected.”

The Securities and Exchange Board of India (Sebi) wants to make it mandatory for foreign portfolio investors (FPIs) to provide their legal entity identifier (LEI) code, further boosting the KYC framework for overseas investors buying into Indian financial assets.

The stock closed at ₹48 on the NSE on Friday, which was 92% above the price at which the lender sold shares in the IPO. The company's market capitalization stood at ₹5,260.34 crore on the listing day.

While investors broadly anticipate the central bank will raise rates by 25 basis points at its July 26 meeting, many also hope for signs that policymakers are more confident inflation will continue cooling, eliminating the need for the Fed to lift borrowing costs much further and supporting the thesis that has helped buoy stocks in recent weeks.

Infosys saw a share plunge of 7.7% after the company cut its FY24 revenue guidance from 4-7% to 1-3.5%, resulting in an industry-wide sell-off that saw the NSE IT index fall 4.1%. Jefferies, Nomura, Bank of America Securities, Motilal Oswal Financial Services, Nuvama Institutional Equities and HSBC cut earnings estimates as a result.

During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).

The stock has been in great momentum this week gaining more than 11% over the five trading sessions, significantly outperforming the S&P BSE Sensex which has given 0.94% returns during this time.

Indian stock markets saw a decline after blue chips Infosys and Hindustan Unilever reported disappointing earnings, ending a record six-day run. The NSE Nifty fell 1.17% to 19,745 and the BSE Sensex declined 1.31% to 66,684.26. Shares in IT firms such as Infosys plummeted after the company cut its revenue growth outlook; the Nifty IT index saw its biggest single-day decline since 17 April, falling 4.1%. Despite foreign portfolio investors pumping around INR85,000 crore ($11.5bn) into Indian equities since March, FPIs were net sellers of INR1,998.77 crore on Friday.

Nasdaq describes the Nasdaq 100 as a "modified market capitalization-weighted index," with company weights depending on their stock market value, while also applying rules to limit the influence of the largest stocks in the index.

Analysts attributed Friday's volatile trading to the expiration of monthly options and the expected special rebalancing of the multi-trillion dollar Nasdaq 100 following the close of trading.