Option data suggests a broader trading range in between 19100 to 19600 zones while an immediate trading range in between 19250 to 19500 zones.

“This stock has been one of the late blooming defense names. It was seen trading in a consolidation phase for the last three years. The stock has also confirmed a breakout on the monthly charts and can now start its journey towards 340 levels,” Gaurav Bissa, VP, InCred Equities, said.

The Securities & Exchange Board of India (Sebi) on Monday asked the custodians of these funds to state the names of investee companies, quantum of each investment, investible surplus on the day of the investment, and whether the investee company is an 'associate' of the fund, among other things.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can convert into an uptrend from a downward zone. So, here are 3 major stocks that have established an Inverted Hammer pattern and hint at a bullish reversal. (Source: StockEdge)

Air India and Vistara have told the Competition Commission of India (CCI) that their merger will not affect competition as rivals operate on most routes that the combined entity will fly. The Tata Group is merging Vistara into Air India to create a single full-service airline, with Singapore Airlines owning a 25.1% share in the new entity, whilst AirAsia India is completing a merger with Air India Express to create a single low-cost subsidiary of Air India.

Shares of Bajaj Finance rose as high as 8% to post their biggest single-day gain in nearly one year. The stock surged to near two-year high on Tuesday to close at ₹7,868 apiece on the NSE, up 7.3% from the previous close, extending its run of gains to six consecutive sessions.

On Tuesday, the Sensex hit a new high of 65,672.97, surpassing Monday's high of 65,300.35. The index closed at 65,479.05, up 274 points or 0.42% from the previous close. The Sensex had hit a closing high of 65,205.05 on Monday.

The rejected applicants are Akhil Kumar Gupta; Cosmea Financial Holdings, which is promoted by former Reliance Capital managing director Sam Ghosh; and West End Housing Finance.

Hero MotoCorp has launched X440, a 440-cc bike jointly developed with Harley-Davidson at a sticker price starting from ₹2.29 lakh, which is just ₹1,000 more than the highest-selling 350cc Royal Enfield Classic 350 from Eicher Motors. The prices of other comparable bikes such as Honda H'ness, Benelli Imperiale, Jawa Perak, Jawa Bobber and Bajaj Dominar 400 are in the range of ₹2.1 lakh to ₹2.3 lakh per unit.

The surge in risk-taking indicates that retail investors were euphoric, with the mid-cap and small-cap indices making new highs recently. The average margin funding in June was about ₹28,535 crore compared to ₹26,600 crore in May or about ₹26,000 crore last year.

The total outstanding loan for the hotel properties amounts to ₹507 crore. The portfolio consists of loans provided to KAD Housing and KAJ Infrastructure, both entities promoted by DP Jain and his family that operate two five-star hotels in Ghaziabad, namely Radisson Blu Kaushambi and Radisson Blu Hotel, as reported by ET on June 23.

This is the second loan that the company is looking to sell in less than 10 days. It had also sold a total loan outstanding pool of ₹3,656 crore to Omkara ARC for ₹625 crore last week. The sale resulted in a recovery of 17%s for Piramal. The principal outstanding of the pool was ₹3,656 crore as of May 15, 2023 and spread across 7-8 accounts.

The National Company Law Tribunal (NCLT) had appointed Jitender Kothari as the interim resolution professional (IRP) in February when FEL was admitted for corporate insolvency on a petition by Foresight Innovations, an operational creditor.

The defence company stock has surged over 50%. The momentum helped the stock scale a new high of Rs 306 on June 21. Analysts predict the uptrend could continue as the stock broke out from a consolidation phase of three years in June.

A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors. Bonus shares are fully paid additional shares issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold.

Markets regulator Sebi has recently mandated all brokers to start displaying charges while placing an order, helping traders and investors get an estimate of the charges they will be paying upfront. While this is helpful for someone placing fewer orders, for those who trade throughout the day, it isn’t that handy as the charges appear to be only for that one particular order.

Indian equity indices surged to settle at record highs for the fourth straight session on Tuesday, driven by unabated foreign fund inflows and largely bullish investor sentiments. Despite profit booking, Nifty ended at a new high of 19,389. Rallying for the fifth straight session, Sensex jumped 274 points to settle at its all-time closing high of 65,479. “The positive chart pattern like higher tops and bottoms is intact as per the daily time frame chart and any weakness from here is likely to be a buy on dips opportunity. On the upper side, the area of 19,450-19,500 could be a strong overhead resistance,” said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are the stock recommendations for Wednesday

Shares of Suzlon have seen massive outperformance on the Street this year, rising by 71% on the back of a turnaround in its financial performance. In the last one month, the stock jumped nearly 62%. The company has turned net-worth positive after a decade at Rs 1,100 crore and has also reduced its net debt by 80% YoY to Rs 1,180 crore in FY23.

Industrial metal miners slipped 0.2%, tracking losses in base metal prices as weak economic data from top consumer China stoked demand concerns. Limiting declines, the pharmaceuticals and biotech sector gained 1.2%, buoyed by a rebound in shares of AstraZeneca. The index fell more than 5% on Monday.

Equity investors' wealth went up by Rs 7.90 lakh crore in five days of rally in the BSE Sensex, which is on a record-breaking run helped by unabated foreign fund inflows and largely bullish investor sentiments.

Suzlon Energy, Aster DM Healthcare, and Bajaj Finance were among the stocks in focus. Aster DM Healthcare and Suzlon witnessed fresh breakouts on the weekly time frame, while Bajaj Finance had a strong breakout above the 7,400 level, but further hurdles are expected moving forward

Mankind Pharma, which recently made its stock exchange debut, has been added to several Nifty indices, including Nifty500 and Nifty Midcap150. The decision reflects the Indian pharmaceutical firm's position as the fourth largest in the domestic space and the third largest by sales volume. The company currently enjoys a solid marketing presence and runs 25 manufacturing facilities across India. Mankind's shares rose nearly 29% above their listed price, closing at INR1,675 ($22.7) on Tuesday. Meanwhile, Kotak Institutional Equities reportedly has a buy recommendation on the stock with a target price of INR1,875. Coveted index Nifty will also see a couple of changes, with LTI Mindtree replacing HDFC and Zydus Lifesciences taking over from Jindal Steel & Power in Nifty Midcap Select.

On Tuesday, Sensex rose around 274 points, recording a fresh life-time high of 65,479. Amid this notable surge, 10 stocks listed on the BSE midcap index reached new highs within 52 weeks. The 52-week high holds great significance for specific traders and investors as a crucial technical indicator to evaluate the current value of a stock and predict potential price fluctuations. It represents the highest price at which a stock has been trading during the previous year.

According to preliminary calculations done by Nuvama, LTIMindtree should see an inflow of approximately $150-160 million from passive funds as a result of the reshuffle

Nifty saw huge short covering of the 19,300 call on Tuesday, which once again caused it to rally. As we get closer to the 19,500 mark on Nifty in the July expiry, expect to see some consolidation on the index. Bank Nifty is slowly seeing short straddles start to be created at the 45,500 mark for the July-end expiry. Taking the premium into account, one should not expect a run-away rally post 45500 in the very near term. It is also healthy if the indices consolidate for some time as this makes it ready for the next leg of either downside or upside depending upon the momentum.

Replying to ET NOW V Vaidyanathan, MD & CEO, of IDFC First Bank, decodes what went behind the merger and the rationale behind swap ratio

Closing Bell: Sensex extends record run to 5th day, rallies 274 pts; Nifty ends near 19,400

From the Sensex pack, Bajaj Finance closed over 7% higher after the company's assets under management (AUM) rose 32% to Rs 2.7 lakh crore as of June 2023 in Q1. Bajaj Finserv, Tech Mahindra, Sun Pharma, NTPC, Titan, Wipro, TCS, and Kotak Bank also closed higher.

Portfolio rebalancing is important in maintaining a balance between risk and return for investors. It involves readjusting asset allocations periodically to restore the desired asset mix, thereby mitigating risk. Fluctuations in market conditions can cause deviations from the set percentage, necessitating rebalancing to realign the portfolio with its original allocation. The rebalancing process promotes diversification, minimizes dependency on individual assets, and adapts to changing market conditions by capitalizing on high-growth sectors and industries. Regularly readjusting asset allocations help maintain asset allocation and align with the investor's long-term objectives, ensuring that investors can achieve their financial goals with greater confidence and stability in their investment journey.

Several Indian stocks, including Canara Bank, State Bank of India, Oil & Natural Gas Corporation, Indian Overseas Bank, Bank of Maharashtra, Punjab & Sind Bank, Welspun India, Hindalco Industries, Vaibhav Global, and Gujarat State Petronet, crossed their 50-day Simple Moving Average (SMA) on July 3, 2023. The 50 SMA is a widely used technical indicator that suggests a potential short-term uptrend in a stock's price. Investors and traders often pay attention to the crossing of a stock's 50 SMA as it may present potential opportunities.

Over the past year, the benchmark Sensex has experienced a 23% increase, whereas the BSE Auto index has surged by approximately 30%. This rally has led to remarkable gains in several auto-ancillary stocks, turning them into multibaggers. ETMarkets latest analysis concentrates on auto ancillary stocks with a market capitalization exceeding Rs 1,000 crore, which have achieved significant share price growth ranging from 100%-225% in the last year. Interestingly, the majority of these stocks exhibit robust technical strength, according to Trendlyne data. Tata a look

On July 3, 2023, ten Indian companies crossed their 200-day Simple Moving Average (SMA), indicating potential positive trends. The list includes JSW Energy, Bank of India, and Wipro, among others. Experts point out the importance of the 200 SMA as a technical indicator that helps investors identify potential trends and gauge a stock's overall health. Knowing when the closing price surpasses the benchmark can signal a bullish sentiment and could be a crucial event for investors.

The initial public offering of Senco Gold, a prominent jewellery player in the eastern part of India, opened for subscription on Tuesday and will be available for public to bid till Jul 6, 2023.In conversation with ET Markets, Suvankar Sen, the Managing Director and Chief Executive Officer of Senco Gold, talks about the company's financials, ambitious expansion plans and growth outlook.

Several mid-cap stocks in India witnessed a surge in performance on Tuesday, hitting their 52-week highs. Notable companies that reached new heights include Cholamandalam Investment and Finance, Endurance Technologies, Exide Industries, MacroTech Developers, M&M Financial Services, PFC, Shriram Finance, SJVN, and Tata Group's Trent

ADX or Average Direction Index is a technical analysis tool that helps to quantify the strength of a trend. ADX is computed based on a moving average of price range expansion over a given time period. Here, we have identified 5 major large and midcaps whose ADX has crossed 25 from above. Note the data here is from the previous trading day (Source: StockEdge)

The Relative Strength Index (RSI) is a momentum oscillator that measures price movement velocity and magnitude, with values ranging from 0 to 100. When a stock's RSI crosses above 70, it suggests that the stock is entering an overbought zone, indicating a potential price correction or reversal in the near future. StockEdge reported that 26 stocks were trading up and 10 are in an overbought zone. Bank of India, Grasim Industries, and Bharat Petroleum are some stocks that have seen a rise in their RSI.

Several stocks in the S&P BSE 500 index, including Angel One, AstraZeneca Pharma, and Bajaj Finance, achieved new 52-week highs, reflecting the resilience and strength of these companies in challenging market conditions. Other notable stocks that reached new highs include Bank of Baroda, Can Fin Homes, and Cholamandalam Financial Holdings. The data was sourced from BSE at 12.30 pm, and updates from real-time data might come with a lag. The below data also pertains only to the time at which it was taken.

RSI or Relative Strength Index computes the ratio of the recent upward price movement to the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in technical analysis of stocks and helps to determine overvalued or undervalued state of the security.

Most money managers believe that the current rally in the Indian stock market has more legs as valuations are reasonable. Axis Securities and Motilal Oswal Securities favour the "growth at a reasonable price" theme and domestic-oriented companies. ICICI Bank, Maruti Suzuki, State Bank of India, RITES, Federal Bank, Varun Beverages, Ashok Leyland, PNC Infratech, ITC, Aarti Drugs, Relaxo Footwears, Mahindra CIE, Praj Industries, CCL Products, Polycab India, and CreditAccess Grameen are among their top picks. Experts expect the market positioning to shift to banks and domestic-cyclical stocks as more than half of the sectors still trade at a discount to their average.

Four largecap stocks from within the Nifty500 index are giving bearish signals, indicating that it may be time to sell the counters as the MACD line slips below the signal line. Note the data given herein is from the previous trading day. (Source: StockEdge)

SGX Nifty is now Gift Nifty. So what is Gift Nifty? What has changed? How will it affect the investors? Here are 10 key changes that you need to be aware of. Watch!

RSI or Relative Strength Index computes the ratio of the recent upward price movement to the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days. Typically, RSI is the momentum indicator used in technical analysis of stocks and helps to determine overvalued or undervalued state of the security.

Shares of Nykaa saw a decline of over 2% in intraday trading due to likely block deals. The stock has recorded a muted performance this year, falling nearly 7% on a year-to-date basis. However, experts believe there is nothing fundamentally wrong with Nykaa's business and consider it a better long-term investment option compared to Paytm. Kotak Institutional Equities has a 'Buy' tag on the stock with a price target of Rs 210, highlighting the healthy growth trajectory of Nykaa's beauty and personal care categories. Jefferies also expects strong growth for Nykaa in the coming years.

The closing price of a stock crossing its 100-day Simple Moving Average (SMA) is significant in stock market analysis. When a stock's closing price rises above its 100 SMA, it often suggests potential upward momentum. On July 3, 2023, several stocks crossed their 100 SMA, including HFCL, V-Mart Retail, Indian Overseas Bank, Bank of India, Vaibhav Global, GAIL, Indiabulls Real Estate, and Polyplex Corporation.

HMA Agro Industries' shares debuted on the stock market with a 7% premium. Analysts suggest holding the stock for at least six to eight months due to the company's strong fundamentals and niche business model. The company, a market leader in the export of frozen buffalo meat products, recently diversified into other food processing and exports. It heavily relies on the export business, which accounted for 90.2% of its revenue in FY22. The net proceeds from the IPO will be used for working capital requirements and general corporate purposes.

The Relative Strength Index (RSI) is a technical indicator used to assess stock momentum. It measures the speed and change of price movements on a scale of 0 to 100. Values above 70 suggest overbought conditions, while values below 30 indicate oversold conditions. This article highlights 10 stocks that have experienced a decline in their RSI, potentially indicating a loss of momentum. However, it's important to note that the data is subject to change after market hours on July 3.

Multiple stocks on the S&P BSE Smallcap index have reached new 52-week highs, demonstrating growth potential. These include Apar Industries, AstraZeneca Pharma, Aster DM Healthcare, Can Fin Homes, CARE Ratings, Anant Raj, Angel One, and Bombay Dyeing. The details of their achievements are highlighted in the article. Please note that the data mentioned may have a lag and represents a specific point in time.

The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. 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.

In the last five years many segments of the chemical and specialty chemical sector have been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up very sharply and then a long phase of consolidation. In such a scenario it has been witnessed that at any point of time analysts remain bullish on select stocks. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The launch of Jio Bharat phones by Reliance Industries (RIL) at a low price is expected to disrupt the 2G market in India and potentially prevent tariff hikes. As a result, shares of telecom players such as Bharti Airtel, RIL, and Vodafone Idea fell. Brokerages Jefferies and Kotak Institutional Equities have differing stances on the impact. Jefferies has a 'Buy' view on both RIL and Airtel and expects Jio's move to accelerate sector consolidation, while Kotak expects concerns over rising competition but sees Airtel not rolling back tariff hikes.