At 12:02 p.m. ET, the Dow Jones Industrial Average was down 449.43 points, or 1.31%, at 33,839.21, the S&P 500 was down 49.55 points, or 1.11%, at 4,397.27, and the Nasdaq Composite was down 174.97 points, or 1.27%, at 13,616.68

According to data available with the exchanges, Smallcap Fund Inc has offloaded 23.92 lakh shares or 1% stake in the company. New Fund World has also offloaded 1.45% stake in Piramal in the transaction, which was executed at Rs 941 apiece. Tata MF, Societe Generale, Morgan Stanley, Goldman Sachs, Citigroup, BoFA Securities are buyers

Even as global market sentiments turned weak after hawkish Fed meeting minutes, Indian equities recorded fresh life-time highs on the back of continued FII buying and led by gains in heavyweight Reliance Industries.Nifty hit fresh high at 19,497, up 0.51%. Meanwhile, broader markets continued their northward trajectory and notched another fresh high. The 30-share BSE Sensex climbed 340 points to settle at its new all-time closing high of 65,787.From the Nifty pack, top gainers were M&M, Apollo Hospital, Power Grid Corporation, Tata Motors and Reliance Industries, while laggards included Eicher Motors, HDFC Life, Maruti Suzuki, HCL Technologies and Bajaj Finance.“For trend following traders now, 19375/65350 would be the sacrosanct support level. Above which, the market could rally till 19575-19625/66000-66100. On the flip side, below 19375/65350 uptrend would be vulnerable. Below the same, we could see a quick one intraday correction till 19325-19300/65150-65000,” said Shrikant Chouhan, Head of Research (Retail), Kotak Securities.Here are the stock recommendations for Friday:

"The company and Reliance Strategic Investments Limited will take necessary steps including fixing the record date for allotment and listing of equity shares of Reliance Strategic Investments Limited," it said without giving timelines for the same.

Payroll firm ADP estimated that private employers added 497,000 new jobs in June, more than double the median forecast of economists surveyed by MarketWatch.

The Securities and Exchange Board of India (SEBI) has proposed mandating Foreign Portfolio Investors (FPIs) to undertake at least 10% of their total trades in corporate bonds on the Request For Quote (RFQ) platform of stock exchanges. The proposal is aimed at increasing liquidity and transparency while encouraging investments by FPIs

About 15 minutes into trading, the Dow Jones Industrial Average down 1% at 33,937. The broad-based S&P 500 also slids 1% to 4,401, while the tech-rich Nasdaq Composite Index drops 1% to 13,634

Dow falls 117 points; S&P 500 opens lower by 0.54% following hawkish minutes of the Federal Reserve's June meeting

"While drones are majorly used in commercial, military and agricultural applications, they are an expensive device to own. InsideFPV, with its innovative technology, aims to bridge this gap by offering one of its kind Plug and Fly FPV (First Person View) feature-rich drones to the consumers at an affordable price point," the company said.

On Thursday, the benchmark index Sensex experienced a rise of approximately 340 points, ultimately reaching a closing level of 65,785. In tune with this notable surge, 7 stocks listed on the BSE commodities index reached new highs within the 52-week period. The 52-week high holds crucial importance for specific traders and investors, as a vital technical indicator for evaluating a stock's present value and for predicting potential price fluctuations. This metric represents the highest price at which a stock has been trading in the previous year.

Axis Bank and Adani Enterprises' shares will trade ex-dividend on 7 July. The former declared a final dividend of INR1 ($0.01) per share, while Adani Enterprises declared a dividend of INR3.5 per share. The shares usually trade ex-dividend on the same or the day before the record date.

CEAT stock was in a consolidation zone for almost 5 weeks, but it managed to move out of the Symmetric Triangle pattern on Thursday at Rs 2,088. The breakout has activated a target of Rs 2,588 based on the pattern.

India VIX was down by 0.34% from 11.88 to 11.84 levels. Volatility near its lower band has supported the bulls at record-high zones. Options data suggests a broader trading range between 19200 to 19700 zones, while an immediate trading range between 19350 to 19600 zones.

Several stocks including Gujarat State Fertilizers & Chemicals, Marico, and GAIL (India) showcased significant progress by crossing their 50-day Simple Moving Average (SMA) on July 5, 2023, indicating positive trend reversals. Other standout performers were Godfrey Phillips India, Indraprastha Gas, Triveni Engineering & Industries, NMDC, Deepak Fertilisers & Petrochemicals Corporation, and Adani Green Energy.

Closing Bell: Sensex ends at fresh record high after 1-day gap, rises 340 pts; Nifty near 19,500; M&M rallies 5%, Tata Motors 2%

From the Sensex pack, M&M and Power Grid were the top gainers, rising 5% and 4%, respectively. Tata Motors, Reliance, NTPC, Axis Bank, Nestle, Asian Paints, and Wipro also closed with gains. On the other hand, Maruti, HCL Tech, Bajaj Finance, IndusInd Bank, and Tata Steel closed with losses.

Several smallcap stocks have crossed their 100-day Simple Moving Average (SMA), offering potential growth opportunities. Notable performers include Themis Medicare, Steelcast, Likhitha Infrastructure, Nirlon, National Fertilizers, Dwarikesh Sugar Industries, PC Jeweller, GOCL Corporation, Laxmi Organic Industries, Manali Petrochemicals, and Prataap Snacks.

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 and 100. Herein, the StockEdge data considers a time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or downtrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are 11 stocks from the large and midcap space which signal a possible uptrend in the near term. Note the data is of the previous day as today’s data is updated after market hours. (Source: StockEdge)

By selling shares through the QIP, Adani Green is looking to bring on board more institutional investors and attract more research analysts to cover the firm, according to a report by Bloomberg. Only one analyst currently tracks the company.

4 top large and midcap counters signal that it may be time to sell these counters as the MACD line falls below the signal line. (Source: StockEdge)

For better prediction of future trends and prices of stocks, technical analysis tools are now widely used. Among them, one of the indicators or tools is the Average Directional Index (ADX). Here we have revealed the list of 5 stocks with an m-cap over Rs 10000 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).

Sun Pharma Advanced Research Company, Aegis Logistics, and Godfrey Phillips India were among the top performers on July 5, 2023, as their stock prices surpassed the 200-day Simple Moving Average (SMA) mark. Sun Pharma Advanced Research, a pharmaceutical research company, closed at Rs 218.65; Aegis Logistics at Rs 353.05; and Godfrey Phillips.

Several stocks in the S&P BSE SmallCap index, including Amara Raja Batteries, Action Construction Equipment, and CEAT, reached new 52-week highs today, indicating their growth potential in the market. The Anup Engineering, Bombay Burmah Trading, Bombay Dyeing, Capacite Infraprojects, CARE Ratings, and CCL Products, reflecting their resilience and strength in the industry. These achievements were sourced from BSE at 1:50 pm and are subject to change with real-time updates.

Over the past year, a majority of housing finance stocks have experienced significant increases in their share prices. In fact, two stocks from the list have achieved multibagger status within a mere 12-month period. ETMarkets analysis specifically focused on housing finance companies with a market capitalization exceeding Rs 1000 crore. Out of the total eight stocks, six have experienced impressive gains, ranging from 16% to 160% over the past year. Moreover, a notable number of these companies have exhibited positive growth in sales and profits across multiple quarters.Additionally, there has been an improvement in profit margins for some of these companies, according to Trendlyne data.

The Board of Hindustan Zinc will meet on July 8 to approve an interim dividend for the financial year 2023-24, causing shares to rally 8%. The record date for eligibility will be July 15 and the company is expected to trade ex-dividend on or a day before this date. Hindustan Zinc has one of the highest dividend yields, around 30%, having paid four dividends in the previous year.

The buyback will be executed through a tender offer route on a proportionate basis, using the mechanism for the acquisition of shares through the stock exchange. The company will buy back about 45,93 lakh equity shares, representing 3.39% of the total equity as on March 2023.

Having healthy market breadth readings and a strong advance-decline market breadth, where the number of advancing stocks outweighs the declining ones, is a positive signal for the Indian stock market, according to a report by DSP Mutual Fund. The report cited the importance of broad participation in indicating a healthy market trend.

"Investor sentiment as measured by our proprietary India Bull-Bear Index has swung from an extreme-bearish reading of 8.2% in mid-March 2023 (Contra BUY time) to an extreme bullish 95.9% reading," CLSA said in its latest strategy report on Thursday.

Mid-sized companies in India are demonstrating strength and growth potential, as reflected in the surge witnessed by the S&P BSE MidCap index. Stocks of companies such as Abbott India, Colgate-Palmolive, Godrej Properties, and Lodha hit new 52-week highs, showcasing their market appeal and resilience.

Adani Green Energy Ltd.’s board will discuss plans to raise funds from institutional investors on Thursday and will then seek approval from shareholders, the people said, asking not to be identified as the talks are private.

One by one each sectoral index is touching a new high, except one which is Nifty IT index, clearly indicating that bulls are not only in control of the street but also every corner of the street. These stocks have seen their score improvement and some of them have even moved out of negative territory over the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Several stocks, including those of DLF, BPCL, Britannia, and Dr. Reddy's Lab, hit new 52-week highs, leading to an impressive surge in the S&P BSE100 index. Godrej Consumer Products, Colgate-Palmolive, HDFC Life Insurance, Hero MotoCorp, HUL, and IndiGo also demonstrated strength and resilience in the Indian market.

Indian shares saw mixed performance as auto and consumer stocks gained, while high-weightage financials recorded a slide. The Nifty index ended slightly higher at 19,398.50, while the S&P BSE Sensex .

As the headwinds for the auto sector start to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Will textile companies which came in focus post covid be able to take the full advantage of PLI scheme and stay in path of consistent and above average profitability or it will be just another phase, analysts are more positive than they have been in the past. 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.

In Thursday's trade, shares of Eicher Motors fell over 3% to Rs 3,207. Analysts stated that HD X440 would rival the likes of Royal Enfield's RE Classic 350 and Hunter 350. HD X440 costs 13% more than the Eicher Mototrs's RE Classic 350, while it also comes with a larger 440CC engine.

Various studies have shown that the new generation is twice as likely to invest basis the underlying companies’ commitment to making a positive impact through corporate policies that involve environmental, social and governance factors. This mindset reflects a broader recognition of the role that wealth can play in addressing pressing global challenges.

In the rally which looks one-way on the larger time frame, the market cap crossed the Rs 50 lakh crore mark in 2007, Rs 100 lakh crore milestone in 2014, and the Rs 200 lakh crore-mark in February 2021. The surge in market capitalisation is a result of not only an increase in stock prices but also takes into account new listings on the stock exchange.

From the Sensex pack, Reliance Industries quoted over 2 per cent higher. Power Grid, Nestle, Larsen & Toubro, UltraTech Cement, NTPC, Axis Bank, Asian Paints and Tata Motors were among the other major gainers.

In terms of price action, Titan stock is now trading above most of the crucial short and long-term moving averages of 5,10,30,50,100 and 200-DMA on the daily charts.

After seeing rampant selling in 2022, shares of most new-age consumer technology companies rebounded sharply in 2023. However, the “Nykaa” brand owner is missing from the list. Shares of Nykaa have given negative returns of more than 7% on a YTD basis and it even touched a 52-week low of Rs 114.25 in April.

Now just when investors were getting worried about valuations, which are not dirt cheap anymore, and the fall in dividend yield to around 3% at current market prices, the bulls have found another reason to stick to their ground.

"We would like to inform you that the Bank has received an intimation from RBI on July 5, 2023, that it has granted its approval to Tata Asset Management Private Limited (TAMPL) to acquire aggregate holding of up to 7.5% of the paid-up equity capital of the Bank through the schemes of Tata Mutual Fund," DCB Bank said in an exchange filing.

Goldman Sachs has a buy rating on Godrej Consumer with a target price of Rs 1150. Q1 saw very strong traction across segments which suggests that the turnaround story continues to play out.

"We value Sunteck’s development portfolio on a NAV basis and annuity assets using the capitalization method. We have a positive view on Sunteck Realty over the next 12-18 months with a target of Rs. 356 target which translates into an upside of 25% from Rs 284)," Ronald Siyoni, Associate Vice President at Sharekhan by BNP Paribas, said.

Analysts say that although the macroeconomic scenario is good, it is not so bullish as to warrant continuation of the rally, which has already run a bit ahead of fundamentals. "Investors should not chase low-grade smallcap stocks at this juncture. Stay invested in high-quality largecaps. Wait for the Q1 results for direction," said Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,400 strikes while the maximum Put OI is placed at 19,300 and then towards 19,000 strikes. Call writing is seen at 19,500 then 19,550 strikes while Put writing is seen at 19,350 then 19,400 strikes.

Sensex, Nifty trade flat; Britannia gains 2%, Marico drops 2%; Reliance, M&M, Powergrid are some of the gainers in the morning trade.

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 every market there are trades to be taken, long or short is a puzzle and the stocks every day. Three different stocks, two different ways.