It's unclear what provoked the communique, but it comes at a time the Supreme Court (SC) hearing on the Adani-Hindenburg matter is underway and the regulator is nearing the deadline for completing the probe on allegations of stock price manipulation in the Adani group companies.

​​The market value of HDFC Bank is now more than that of Bank of China and Royal Bank of Canada. The merged entity was listed on Monday following the allotment of HDFC Bank shares to the shareholders of HDFC.

Of the 19 analysts who reviewed DMart's earnings, seven of them assigned a 'buy' rating on the stock, Bloomberg data showed. Five of them have a 'sell' while another seven of them remain 'neutral' advising clients to 'hold' the stock as analysts wait for further clarity from the management.

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of stocks with m-cap over Rs 1000 crore that have established a Shooting Star pattern and signal bearish reversal. Note here the data is of the previous trading session i.e. July 17. (Source: StockEdge)

Reliance has fixed July 20 as the record date to determine eligible shareholders for the allotment of shares of the demerged entity. Under the demerger, shareholders of Reliance will get one share of the demerged entity Reliance Strategic Investments for every one share held by them in the conglomerate.

India's battle against inflation isn't over yet, according to a report by the Reserve Bank of India. An uptick in food prices during June, led by tomatoes, was attributed to the onset of the monsoon season and corroborates the monetary policy committee's decision not to abandon inflation fighting measures. India needs to focus on supply side management to contain overall inflation volatility, the report noted.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone. So, here are 5 stocks with m-cap over Rs 1000 crore that have established an Inverted Hammer pattern and hint at a bullish reversal. (Source: StockEdge)

Short-term traders with high-risk profiles can look at accumulating the stock as the risk-to-reward ratio looks favourable for a bounce back towards the resistance level.

The Dow Jones Industrial Average rose 92.24 points, or 0.27%, to 34,601.27, the S&P 500 gained 17.05 points, or 0.38%, to 4,522.47 and the Nasdaq Composite added 118.64 points, or 0.84%, to 14,232.35.

Jio Financial Services will remain part of the Nifty 50 and other indices at a constant price till such time it officially gets listed on the exchanges. Once the date for listing of shares is announced, the dummy symbol created will be replaced with an actual symbol, and JFS will form part of the index for a “temporary” period. Jio Financial will be removed from all the indices after the close of trading on the 3rd day of listing at the market determined price.

Benchmark Sensex and Nifty rallied for a third day in a row to close at fresh lifetime high levels on Monday following buying in banking and oil stocks and FII inflows. Analysts said the first quarter results by Indian companies have been mostly in line with expectations, triggering a rally in local equities despite mixed global cues.Amid buoyancy in the market, Nifty ended above 19,700, up 0.75%, while Sensex ended at 66,590. Meanwhile, broader markets underperformed the headline indices. Sectorally, media and PSU Bank led the list of sectoral gainers.“Having moved decisively above the resistance of 19500 levels recently, Nifty is expected to reach towards the next upper trajectories of 19800 levels (1.382% Fibonacci projection) and psychological 20,000 mark in the near term. Important support for trend reversal is placed at 19500 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are the stock recommendations for Tuesday:

The spun-off entity will be included in Nifty 50 and few other indices for a brief period until it gets officially listed on the stock exchanges, NSE said in a release.

The market capitalisation of BSE-listed firms hit a new high of ₹303.59 lakh crore. The Sensex rose 529.03 points to end at 66,589.93 points, a new lifetime closing, while CLS Bank Corp, HDFC Bank, and Larsen & Toubro (L&T) dominated the headlines with their impressive Q1 results.

On Monday, the benchmark index Sensex witnessed a remarkable surge, rising by approximately 529 points to reach a life-time high of 66,589. Adding to the excitement, 9 stocks listed on the BSE 100 index also achieved new record highs during the past 52 weeks.This development is significant for traders and investors, as the 52-week high serves as a crucial indicator for assessing a stock's present value and predicting its future price fluctuations. It represents the highest price at which a stock has traded in the previous year, contributing an intriguing dimension to the market. Based on Trendlyne data, all seven healthcare stocks demonstrate more strengths than weaknesses

This inclusion is in lieu with the change in the index methodology regulations laid out by the exchange while considering mergers and demergers in index constituents.

The US and India are collaborating to increase private investment and reduce the cost of capital to speed up India's transition to clean energy, said US Treasury Secretary Janet Yellen. Speaking after a bilateral meeting with India's finance minister Nirmala Sitharaman, Yellen said such collaboration was taking place across various economic fields.

Sectorally, buying was seen in banks, the public sector, energy, and oil & gas stocks while selling was seen in auto, realty, and telecom stocks.

The Dow Jones Industrial Average, however, falls 9.29 points, or 0.03%, at the open to 34,499.74. Investors are cautious ahead of quarterly results from industry heavyweights through the week. Bridgebio jumps 48% at open to highest since December 2021

Sheela Foam has signed a deal to acquire a 35% stake in online furniture retailer Furlenco furniture for Rs 300 crore. The acquisition of a 95% stake in Kurlon Enterprises values the latter at Rs 2,150 crore. The company plans to complete the buyout by November this year. The acquisition will see Sheela Foam having a pan-India presence and diversification in the customer base.

Sheela Foam has also signed a deal to acquire a 35% stake in online furniture retailer Furlenco furniture for Rs 300 crore. The acquisition of a 95% stake in Kurlon Enterprises values the latter at Rs 2,150 crore. The company plans to complete the buyout by November this year.

India's Nifty entered a long bull candle pattern after breaking out of its nine-day consolidation zone, ending 147 points higher at 19,700. Any minor dips are being viewed as buying opportunities, according to Chandan Taparia of Motilal Oswal. The chart suggests Nifty should remain above 19,650 but support is intact at 19,515 and 19,420 zones.

The S&P BSE 500 index experienced a surge, with over 280 stocks reaching their 52-week highs on July 17th, showcasing robust performance. ETMarkets handpicked ten of these stocks including 360ONE,

Benchmark Sensex and Nifty closed at new lifetime high levels on Monday on foreign fund inflows and buying in index majors HDFC Bank and Reliance Industries. The 30-share BSE Sensex jumped 529.03 points or 0.80 per cent to settle at its new all-time closing high of 66,589.93. During the day, it climbed 595.31 points or 0.90 per cent to hit its lifetime intra-day peak of 66,656.20. The NSE Nifty went up by 146.95 points or 0.75 per cent to end at a new record high of 19,711.45. During the day, it rallied 167.35 points or 0.85 per cent to its record intra-day high of 19,731.85.

Several BSE Sensex stocks including ICICI Bank, Nestle India, Reliance Industries, and Tech Mahindra reached their 52-week highs on Monday, July 17, signaling strong performance and potential investment opportunities.

In the offer of sale (OFS), NRI Rajiv Jain-led GQG picked a 5.96% stake or about 2.15 crore shares of Patanjali. The floor price was kept at Rs 1,000 per share but allotment to non-retail investors was done at a share price of Rs 1,103.80. GQG's investment would, therefore, be worth around Rs 2,400 crore.

RIL announced the demerger of its financial services business into Reliance Strategic Investments, which will be renamed Jio Financial Services and listed on the stock exchanges. Nuvama values the demerged financial services business at Rs 1 lakh crore or Rs 168 a share, which is 5% of the some-of-the-parts valuation of RIL.

HDFC Bank shares, which crossed the $100-billion market valuation on Monday, gained 2% to Rs 1,678.90 following its robust set of quarterly numbers. This is the first quarterly earnings of the merged entity of the bank and parent HDFC Ltd.

Considered the ultimate trend indicator, ADX or Average Directional Index helps quantify signal strength. The tool can be used with respect to any investment vehicle including stocks, mutual funds, ETFs and derivatives. Here we have collated a list of 10 stocks with an m-cap of over Rs 1000 crore that are entering a strong trend zone based on ADX. Further, note that for these stocks ADX has gone above 40 from below. (Source: StockEdge)

The Golden Crossover is a technical analysis pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. The two commonly used moving averages are the 50-day simple moving average (SMA) and the 200-day SMA. When the 50-day SMA crosses above the 200-day SMA, it signals a potential shift in the stock's price momentum from a bearish to a bullish trend

StockEdge has reported on nine stocks that are currently trading in the overbought zone but have a bearish or declining RSI trend. RSI, or Relative Strength Index, is a widely used technical tool that measures a stock's strength and momentum. Readings above 70 indicate that a stock is overbought, while readings below 30 suggest that a stock is oversold.

An RSI reading above 70 indicates that a stock is overbought, potentially due for a price correction, while a reading below 30 suggests that a stock is oversold and might experience a price rebound. RSI can be a valuable tool for investors to identify potential turning points in a stock's price trend.

MACD or Moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. While, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell. Furthermore, in case the MACD heads above zero, then it is seen as a bullish signal. So, below are the stocks with m-cap over Rs 10,000 crore for which the MACD has made a northward journey, moving above 0. (Source: StockEdge)

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 0-100. The StockEdge data takes into consideration the period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are 9 major stocks from the largecap space which signal A possible uptrend in the near term. Note, in a case when RSI crosses above 50, it is a bullish sign.Importantly, the data is from the previous session as today’s data is updated post market hours. (Source: StockEdge)

The order win is for the development of a 100.8 MW wind power project, where Suzlon will install 48 wind turbine generators (WTGs) of their S120 – 2.1 MW with a hybrid lattice tubular tower at Velliyanani Phase II in Tamil Nadu.

In the latest MF analysis, ETMarkets has discovered 13 stocks where more than 10 mutual fund schemes reduced their holding in June compared to May. Notably, out of these stocks, 4 have shown double-digit positive price returns, while 4 have recorded negative double-digit price returns in the calendar year 2023. (Data Source: ACE MF)

The RSI is a popular technical analysis tool used to evaluate the momentum and strength of a stock's price movement. RSI values range from 0 to 100, with readings above 70 indicating that a stock is overbought, potentially due for a price correction, while readings below 30 suggest that a stock is oversold and might experience a price rebound.

RIL announced the demerger of its financial services business into Reliance Strategic Investments, which will be renamed Jio Financial Services and listed on the stock exchanges. Nuvama values the demerged financial services business at Rs 1 lakh crore or Rs 168 a share, which is 5% of the some-of-the-parts valuation of RIL.

Fifteen stocks were found to be trading with Relative Strength Index (RSI) trending down, according to a report by StockEdge. From this group, ETMarkets has selected 10 stocks that are currently trading in an overbought zone. The RSI is a commonly used technical analysis tool that assesses the magnitude and speed of price changes in a security

Following a 7% stake sale, the promoter stake has been reduced from 80.82% in Patanjali to 73.82%. Accordingly, the company has now become compliant with minimum public shareholding requirements of 75%.

The exchange filing further said that the trading window of the company for trading in the company’s equity shares has already been closed from Saturday, July 01, till the expiry of forty-eight (48) hours after the announcement/ declaration of the financial results of the company for the quarter ended June 30, 2023.

Trading at a market value of about $151 billion or Rs 12.38 lakh crore, HDFC Bank is now the world's seventh largest lender bigger than the likes of giants like Morgan Stanley and Bank of China. HDFC Bank is behind JPMorgan ($438 billion), Bank of America (232 bn), China's ICBC ($224 bn), Agricultural Bank of China ($171 bn), Wells Fargo ($163 bn) and HSBC ($160 bn).

Angel One, a leading broker in India, has been banned from onboarding new authorised persons (APs) for six months and fined Rs 1.66 crore for failure to monitor the operations of its APs. The order was made by a committee set up by the National Stock Exchange of India. Angel One has also been directed to submit

The Indian stock market has been one of the best-performing markets in the world over the last 3 months. Over the last 1 year, 3 year, and 5 years, the Nifty 50 has delivered a CAGR of 21.6%, 23%, and 12.4%, respectively. This strong performance has been driven by the confluence of a number of factors. Notably, over the last 2 years, two very significant events have transpired

After scaling fresh highs last week, stock specific action is likely to continue in the current week with some major private banks including HDFC Bank, ICICI Bank slated to report their earnings. Here are four technical picks from analysts that can offer gains up to 12%

Proximus will pay 1,626.40 rupees per share of the Indian cloud communications platform provider, the former said in a statement, compared with Route Mobile's closing price of Rs 1,625.35 on Friday.

Adani Properties will be the lead partner in the project for which a special-purpose vehicle will be formed. The bid is for the entire project, and the total timeline is seven years to rehabilitate 6.5 lakh slum dwellers who live in an area of more than 2.5 sq km, the PTI report said.

As broader market indices, sensex and nifty continue to form new highs some minor consolidation is happening in markets. During this period, some stocks have witnessed consistent improvement in their 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.

Decline in oil prices from their highs and staying at a stable level. Increased economic activity are tailwinds which logistics companies have been getting for the last two quarters. While it is a tough task to make a guess on the oil prices, given the fact that despite the self imposed cut in oil production by Saudi Arabia, crude oil prices have still not seen any sustained uptrend. So the probability of a major headwind does not seems to be close by. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Further, the NSE ordered the company to inspect all its existing authorised persons (APs) and submit reports on the inspection and investor complaints from the year before the order date.

The stock hit a 52-week high of Rs 828 on 9th November 2022 but it failed to hold on to the momentum. The stock formed a strong base above Rs 555 levels which also corresponds to the 52-week low recorded on 29th March 2023.