Infosys and IndusInd Bank's shares traded ex-dividend on Friday after the companies recommended a final dividend of Rs 17.50 and Rs 14 per equity share, respectively. The record date for both companies is June 2. The final dividend for Infosys will be paid on July 3 while IndusInd bank awaits shareholders' approval at the annual general meeting. Infosys' equity dividend in the past 12 months was Rs 16.50 per share, resulting in a dividend yield of 1.25%. IndusInd Bank profit increased by 50% to Rs 2,040 crore for the March quarter.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 3 NSE stocks that have established a bullish engulfing pattern and hint at bullish reversal in the future. (Source: StockEdge)

Indian stock markets opened higher following positive cues from global markets and strong domestic macroeconomic data, with the BSE Sensex trading 0.42% higher and Nifty50 up by 0.43%. Among Sensex stocks, Reliance, Kotak Bank, Tech Mahindra, Tata Steel, and UltraTech Cement opened with gains. On the domestic front, easing inflation, strong economic growth data, and the expanding factory output have boosted investors' confidence. The Nifty Metal sector surged by 1.31%, while the Nifty Auto rose 0.72%. Brent crude futures rose by 0.18% to $74.41 a barrel, and US West Texas Intermediate crude rose by 0.21% to $70.25 a barrel.

Indian shares rose on Friday as strong monthly sales boosted auto stocks, while investor appetite for risky assets improved on bets that the U.S. Federal Reserve could pause its interest rates hikes. The blue-chip Nifty 50 index was up 0.43% at 18,566.9 as of 9:20 a.m. IST, while the benchmark S&P BSE Sensex advanced 0.41% to 62,684.71. Two-wheeler maker Hero MotoCorp was the top gainer on the Nifty 50 so far, rising 3.7% after it reported strong domestic sales in May.

The Futures Long Position Scan performed today revealed Aggressive New Long positions on the counters of 4 Nifty50 stocks. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the prices of the stocks have increased. Here below are 4 Nifty 50 counters indicate a bullish trend. (Source: StockEdge)

Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high.

Shares of Infosys and IndusInd Bank went ex-dividend on Friday. Infosys declared a final dividend of Rs 17.50 per equity share for the FY ended March 31, to be paid on July 3. IndusInd Bank has fixed June 2 as the record date for its recommended dividend of Rs 14 per equity share. In the past 12 months, Infosys declared a dividend of Rs 16.50 per share, resulting in a dividend yield of 1.25%. IndusInd Bank's net profit for the March quarter rose by 50% YoY to Rs 2,040 crore, and net interest income rose by 17% to Rs 4,669 crore.

5 stocks closed above their 200 DMA (Daily Moving Averages) on June 1, 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 the NSE list of stocks, 4 stocks with a market cap of over Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’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 June 1.

SoftBank Group Corp saw its shares rise by 5% in early trade due to the frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate has been hit by the slumping value of its tech portfolio, but it has seen shares gain 17% since the close of last week. This is compared to a 172% increase for U.S. chipmaker Nvidia Corp and 39% for the Philadelphia SE Semiconductor Index. Analysts believe the anticipated IPO of chip designer Arm will help the rally.

The headline index Nifty is at a crucial level where its performance will be watch very closely. On Thursday, the Nifty ended the day in the negative and tested the breakout level of 18,500.

The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,621.50, up 58 points or 0.31% from the previous close. Here's a slew of stocks that will be in focus today for various reasons. Watch.

In the NSE list of stocks, with a market cap of Rs 10,000 crore and above, 4 stocks crossed their previous 5-year high value at the close on June 1, suggesting bullishness in counters, according to StockEdge’s price scan data. Take a look.

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 Tata Communications and Aurobindo Pharma while Nooresh Merani has a buy/sell recommendation on Bharat Forge and M&M Finance for today's trading session. Check out the targets and stoploss.

The stock price of this company has started rising after consolidating for four months. It has now given a down-sloping trendline-breakout, which can also be considered as a rounding-bottom breakout. The breakout was preceded by a higher low and supported by a rise in volume, which increases the reliability of the breakout.

Wealth managers believe the Nifty Next 50 represents the next rung of liquid securities after the Nifty 50 and recommend an allocation to this index for equity investors. The Nifty Next 50 trades at a one-year forward price-earnings ratio of 28, compared with its five-year average of 28.93, making valuations reasonable.

Indian equity benchmarks closed lower due to profit booking and a slump in the global markets. The auto and IT sectors gained slightly but banking, financials, and metal stocks fell. South Indian Bank rose by 9.57%, HUL gained 0.88% and Sobha rose nearly 7%. Kotak Securities' VP of Technical Research, Amol Athawale, suggests buying South Indian Bank above Rs 18 as the stock has formed a promising price volume breakout formation. Athawale also recommends buying HUL on dips and buying Sobha as the stock is comfortably trading above the 20-day SMA.

The Nasdaq and S&P 500 have surged to nine-month highs following signs of slowing wage pressure in the US, which raised hopes of an interest rate pause, as well as Congress suspending the US debt ceiling. The Federal Reserve still faces a tight labour market, however, which could mean rates remain elevated. Many reports are pointing to signs of the Fed being able to engineer a soft economic landing. The Labor Department’s closely watched unemployment report for May is due on Friday, and the data therein will ultimately determine whether there will indeed be aggressive rate hikes by the Fed.

Asian stocks rallied on Friday as hopes of the Federal Reserve postponing interest rate hikes in its upcoming meeting and progress on the US debt ceiling bill ignited the investor's interest in risky assets. The US Senate is likely to approve the debt-ceiling raising bill soon, which helped the progress of stocks. Traders have reduced their bets on the Federal Reserve's interest rate hike in the coming weeks, leading to a 20% chance compared to 50% last week. Investors are now focusing on the highly anticipated May unemployment report, which may influence the rate hike decision of the Federal Reserve.

Gold prices are heading for their biggest weekly gain in almost two months due to the US Federal Reserve's pause in the tightening of its policies, which has supported bullion's appeal. The precious metal has gained around 1.5% this week, with a potential to increase up to its biggest rise since the week ended on April 7th. Markets are now suggesting that there is a 79.6% probability that interest rates will remain unchanged in June, which is motivating investors to invest in gold.

Oil prices inched up in early Asian trade as markets weigh the possibility of price-supportive production cuts by OPEC+ members over the weekend. The Brent crude futures rose by 0.18%, to $74.41 a barrel, while the West Texas Intermediate crude rose by 0.21%, to $70.25 a barrel following two days of declining crude prices. Investor attention is now focused on the OPEC+ June 4 meeting, where the ministers from key oil-producing countries will determine whether to reduce further output to support government revenues. The U.S. monetary policy and the debt ceiling bill boosted market sentiment.

The US dollar fell to a one-week low against major currencies, potentially ending its weakest week since late March, raising the possibility that the Federal Reserve will cancel June's interest rate hike. Consequently, the dollar lost vital support when it became apparent a bill to halt the US's debt ceiling and prevent the country falling in default could soon be made law. The US dollar index, which measures the dollar against six rivals, had lost 0.63% by 2 June and if that trend continues, it will register its worst performance since the week ending 26 March.

Info Edge's subsidiary AIPL has given out a loan of Rs 288 crore to a broker network company 4B Networks. The loan is currently impaired. AIPL has initiated a forensic audit into the affairs of 4B Networks.

"The stock price of RBL Bank has recently seen a consolidation phase in a broad range and has formed an ‘Inverted Head and Shoulders’ pattern on the daily chart. One can buy for possible near-term targets of Rs.174 and Rs. 180," Ruchit Jain, Lead Research, 5paisa.com, said.

Experts said investors can subscribe so for the attractive dividend yield and reasonable valuations, as earnings growth of the country's largest coal miner could be relatively subdued in FY24.

Domestic investors are now showing more interest while the market is also showing some promising opportunities. Over the past two weeks, three deals in the finance sector got concluded, including Abrdn (Mauritius Holdings) 2006 selling stake in HDFC Life Insurance and Tencent Cloud Europe BV selling stake in PB Fintech.

The index has gained 5% in the last six months and 20% in the last one year compared to Nifty's -1.7% and 12% returns during these periods. The ratio line of the Nifty Midcap 100 to Nifty 500 index has also recorded a breakout from five years of consolidation. This, according to analysts, indicates an acceleration of upward momentum in the broader market.

Governor Philip Jefferson, a centrist who's nominated to be vice chair and who often echoes Chair Jerome Powell's views, said Wednesday that skipping an increase would give policymakers time to assess data but not preclude future tightening.

Kotak Mahindra will follow HDFC Bank, the country's most valued lender, in opening its unsecured book to outside bank customers, perhaps, as early as next month. The lender is already enrolling non-bank customers for its credit card relationships.

The money from Trafigura will be used to make debt repayments of $150 million to Oaktree, a research report issued by Nomura stated. The loan from Glencore, reported in stock exchange disclosures, was raised by pledging 4.4% of listed Vedanta Ltd.

The RBI said it will conduct a 14-day VRRR auction worth ₹2 lakh crore on June 2 from 10:30-11:00 am IST. The date of reversal of the VRRR is June 16.

RBL Bank's stock signals the stock can reach Rs 180. The short-term outlook seems favourable with traders advised to purchase the stock during dips. The current Relative Strength Index (RSI) sits at 65.7 which, although overbought, is still positive for future market momentum

The bill to suspend the $31.4 trillion debt ceiling headed to the Senate, which must enact the measure before a Monday deadline, when the government is expected to run out of money to pay its bills.

Congress has demanded that the Securities and Exchange Board of India (SEBI) should ensure complete disclosure of ownership of Foreign Portfolio Investors (FPIs) from retrospective effect and that a Joint Parliamentary Committee (JPC) can investigate who diluted and then removed the very rule in this regard to benefit the Adani group.

Indian equities ended lower for the second straight day on Thursday in highly volatile trade due to selling in banking, metal and energy counters amid a mixed trend in the global markets. Sensex declined 194 points to settle at 62,428.54. Nifty ended below 18,500 levels, down 46.65 points. Nifty Bank also saw sharper losses, nonetheless, broader markets logged gains, with Nifty Midcap 100 ending 0.15% higher.“ Overall, we continue to maintain our positive outlook on the index for a target of 18,800 from a short-term perspective. In terms of levels, 18,460 – 18,420 shall act as the crucial support zone while the hurdle zone is placed at 18,600 – 18,660,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.Here are stock recommendations for Friday:

The Indian government received good response from institutional investors in the third offer for sale (OFS) of a stake in Coal India, with the non-retail portion oversubscribed by 346%. However, CIL shares have underperformed in the four years since the government offloaded 10% of its stake for INR220bn ($3bn) in 2015, returning negative 8%. CIL announced an 8% increase in major coal grade prices this week, its first significant hike in five years. Retail investors, who are offered a 7% discount, may welcome the opportunity to buy shares at a lower price point, according to experts.

SEBI floated a consultation paper for public comments to frame guidelines on additional public disclosures by foreign portfolio investors in India’s equity. This comes days after the Supreme Court's Adani Panel called for sweeping reforms in SEBI's functioning.

Rajiv Jain, chief investment officer at GQG Partners, has reaffirmed his fund's commitment to India, holding around $13bn in the country's stocks, despite broader investor worries about corporate governance and political risk. Jain added that he and his colleagues were looking to buy more, with Indian infrastructural projects presenting new opportunities. He also defended his decisions to invest some $2.5bn into beleaguered conglomerate Adani Group.

ICICI Direct predicts that healthy double-digit earnings growth and macro stability will bolster the markets in India, predicting that the Nifty will reach 21,500 within a year. It sees structural bets in banking, capital goods, domestic consumption, and autos. Key sectors, such as BFSI, auto, and FMCG companies, have seen upgrades after the fourth quarter. Conversely, IT, oil and gas, metals, and telecom have seen downgrades. The aggregate Nifty earnings were revised downwards by 1%. Encouraging GDP data shows Indian growth rates rising at a healthy 7.2%, while inflation has also eased.

The flagship company of the Adani Group was put under short-term ASM framework in May, following a steep rally in the stock prices after a Supreme Court-appointed panel found no evidence of stock price manipulation in the group companies.

Congress has demanded that the Securities and Exchange Board of India (SEBI) should ensure complete disclosure of ownership of Foreign Portfolio Investors (FPIs) from retrospective effect and that a Joint Parliamentary Committee (JPC) can investigate who diluted and then removed the very rule in this regard to benefit the Adani group. This comes after SEBI proposed mandating additional disclosure around ownership of high-risk FPIs on Wednesday. Congress also launched a booklet related to 100 questions that the party asked Prime Minister Narendra Modi since February on the Adani issue. The party has been seeking a JPC probe into the Adani matter.

Dow rises 21.58 points; S&P 500 3.20 pts, and Nasdaq gains 9.18 points

The Nifty 50 ended lower for the second time due to global uncertainty, according to Angel One's Rajesh Bhosale. Traders should remember that the primary trend stays upbeat, he added. The market analysist suggested that if global conditions improve the Nifty 50 could go up to 18600-18700 in the near future. The Senior Technical and Derivative Analyst at HDFC Securities, Subash Gangandharan, said the Nifty remained uptrend. The expert suggested that if the previous swing high support at 18459 holds, the index should resume its uptrend.

India's financial and auto sectors drove the earnings growth for Q4, while metals and cement reported weaker-than-expected performances, dragging overall performance down. BFSI and auto posted 43% and 115% YoY earnings growth respectively, while excluding metals and oil and gas segments, companies experienced 34% and 30% YoY earnings growth. However, if the BFSI segment is excluded, profits grew just 4% for Motilal Oswal-covered companies. Five companies, SBI, Tata Motors, BPCL, Reliance Industries, and Axis Bank, contributed 96% of incremental YoY growth in earnings.

S&P Global has backed its rating of Reliance Industries, citing its resilient performance. Its rating has been affirmed at BBB+ and the issue rating on the senior unsecured debt has also been affirmed. S&P Global's stable outlook suggests it expects RIL's cash flows to remain strong and preserve its financial profile, despite elevated investments over the next two years. The ratings agency believes earnings growth in the digital and retail segments will temper the potential softness in the O2C business, which is the mainstay for the company.

On Wednesday, the government announced launching an OFS in Coal India as part of its disinvestment plan.

Aggressive hybrid mutual funds invest 65-80% of total assets in equity and equity-related instruments and 20-35% in debt. They are less risky than pure hybrid funds. Here are five best-performing aggressive hybrid mutual funds over the past five years: Quant Absolute Fund Direct-Growth Fund, JM Equity Hybrid Fund Direct-Growth Fund, ICICI Prudential Equity & Debt Fund Direct-Growth Fund, Kotak Equity Hybrid Fund Direct-Growth Fund, and HDFC Retirement Savings Fund - Hybrid Equity Plan Direct-Growth Fund. The expense ratio for ICICI and HDFC funds was 1.2% and 1.03%, respectively, while that for the other three was 0.58%-1.37%.

Indian market closed in the red for the second day in a row while S&P BSE Sensex fell nearly 200 points and Nifty50 closed below 18500 levels. Zensar Technologies, Suzlon, and Dixon Technologies were in focus with the former showing bullish patterns on the daily chart, the latter a weekly trend uptick and Dixon showing big breakout moves above 3120m levels after multiple rejections on daily time frames.

Indian regulator, Securities and Exchange Board of India (SEBI), has extended consultation on proposals aimed at proposing sweeping changes to the expense ratio of mutual funds in the country. The regulator is aiming to prevent distributors from pushing new fund offerings for higher commissions. The regulator has proposed that the total expense ratio (TER) charged by asset management companies should be levied at the AMC level and not at the scheme level currently, while also introducing performance fees for funds. SEBI has suggested the maximum TER for an equity scheme is 2.55% at the AMC level.

Sebi has extended the deadline for public comments regarding a proposal that seeks asset management companies (AMCs) to set up an institutional mechanism for the deterrence of possible market abuse and fraudulent transactions. AMCs should put in place surveillance systems and internal control procedures to deter possible misconduct by employees or other entities relating to fund management or investments of mutual fund schemes, the Securities and Exchange Board of India suggested.