SBI Mutual Fund bought 1.42 crore shares worth ₹823 crore, while Society Generale purchased 33 lakh shares worth ₹193 crore. Other large buyers include Norges Bank, WF Asian Smaller Companies Fund, Aditya Birla Sun Life MF, ICICI Prudential Mutual Fund, and T Rowe Price Asia bought shares worth between ₹100 crore and ₹150 crore.

Go First has undrawn limits of about Rs 200 crore under the government’s emergency credit line guarantee scheme (ECLGS), which was introduced to support sectors like travel and tourism that were hit hard by the Covid-19 pandemic disruptions, they said. The banks’ decision not to release more money is likely to further delay any chances of the airline resuming operations.

The proposals are designed to prevent circumvention of minimum public shareholding requirements and misuse of the FPI route to guard against risks of an opportunistic takeover. The move follows SEBI's difficulty in identifying the beneficial owners of some foreign portfolio investments in Adani stocks, since the existing regulations are lax in identifying their true ownership.

Investment firm Abrdn has sold its 1.66% stake in HDFC Life Insurance, through its affiliate abrdn (Mauritius Holdings) 2006. Abrdn sold 3,56,94,105 shares at Rs 579.60 each, accruing a gain of Rs 2,069 crore from the sale.

Another round of earnings highlighted the pinch of higher prices being felt by corporate America.

In Europe's biggest economy Germany, inflation slowed to 6.1 percent year-on-year in May, preliminary data showed, down from 7.2 percent in April.

"We are seeing noticeable traction in the financials pack and this stock which is trading in sync with the trend. The recent dip can be considered as a fresh opportunity to enter," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, said.

Wells Fargo CEO, Charlie Scharf, announced that the bank is proactively managing its commercial real estate loan portfolio, but warns that the bank will see losses in the office loan space. The bank's focus on liquidity was also highlighted, following a sustained period of turbulence in March from the failure of three regional banks. While consumer spending and credit quality remain strong, Scharf stated credit had been tightened in its card business in areas where early signs of weakness started to show.

Adani may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani's group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and Adani Transmission also approved to raise funds. The fundraising could be completed by the second quarter as the group seeks to fund expansion projects. Investors from Europe and the Middle East are said to have expressed strong interest.

Patanjali Foods, formerly known as Ruchi Soya Industries, plans to dilute a 6% stake through an institutional share sale, to satisfy minimum public shareholding norms of 25%. Current public shareholding in Patanjali Foods stands at 19.18%. Baba Ramdev led the Ruchi Soya acquisition in 2019 through the corporate insolvency resolution process. The firm will target global investors for the QIP and Offer for Sale (OFS), with a view to raise funds, depending on market conditions and interest of investors. The company's shares are frozen by the NSE and BSE, which froze shares in 21 promoter-led entities, including Patanjali Ayurved and Acharya Balkrishna, for violating the minimum public shareholding norms.

Snapping 4-day rally, benchmark equities ended in the red in Wednesday’s session. Market mood remained cautious mirroring weak global cues. Meanwhile, 8 stocks from the BSE Healthcare index scaled their new 52-week highs. The 52-week high is regarded as a significant technical indicator by certain traders and investors, as it helps assess a stock's current value and forecast future price trends.

Benchmark indices Sensex and Nifty cut short their four-day gaining streak and closed lower by half a per cent on Wednesday due to profit-taking in banking, energy and metal stocks amid weak trends in global markets. Snapping its four-day rally, Sensex fell 347 points to settle at 62,622.24. Nifty ended below 18,600 levels. Global headwinds, especially from the US markets, are reportedly causing intermediate volatility.“On daily charts, we observe that while Nifty has corrected on Wednesday, the pattern of higher tops and higher bottoms seen since the March 2023 lows has not been disturbed.This indicates that the intermediate uptrend remains intact,” said Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities.Here are the stock recommendations for Tuesday:

Padmaja Gangireddy, founder of Spandana Sphoorty Financial, plans to sell a part of her 14.5% share in the firm she left one-and-a-half years ago following a dispute with the majority shareholder Kedaara Capital. With an immediate aim to raise INR1bn ($13m), she intends to invest the sum in her new venture Keertana Finserv and secure a separate NBFC-MFI licence. Gangireddy has engaged an investment banker to strike a block deal to sell a part of the holding.

Another round of earnings highlighted the pinch of higher prices being felt by corporate America.

The government will offload about 9.24 crore shares, which represents about 1.5% stake through the OFS, and in the case of oversubscription, an additional 1.5% stake will be under sale.

Financial services firm Aditya Birla Capital's stock has since bounced back after finding support at its 50-day moving average, the stock price is now consolidating. Traders with a high appetite for risk can purchase the stock, according to experts, with a possible short-term target of Rs 200.

A month ago, the Securities and Exchange Board of India had banned the brokerage from the securities market for misappropriating clients' funds. The company was declared a defaulter and expelled by the stock exchanges in November.

International equity mutual funds offer currency depreciation benefits and growth in different economies and sectors, suitable for aggressive investors with a long investment horizon. Economic Times suggested five funds suitable for investors with appetite for taking higher risk and tolerance for enduring market volatility, which have given inflation beating returns over 3-5 years. The funds are DSP World Mining Fund, Invesco India-Invesco Global Equity Income FoF, Motilal Oswal Nasdaq 100 FOF, Aditya Birla Sun Life Commodity Equities Fund, and ICICI Prudential US Bluechip Equity Fund.

Analysts predict that the Indian stock market will experience a consolidation phase, with the Nifty50 expected to find support at the previous swing high of 18,459, and resistance at the 18,650-18,730 levels. A further correction is likely if the support fails to hold. The trend is expected to remain sideways to positive, and a decisive close above 18,600 is needed to drive a further uptrend. If the index falls below 18,500, it may trigger additional selling pressure, according to experts.

Aptech's shares, which have risen 142% in the last year and 65% this year alone, will trade ex-dividend tomorrow after the announcement of the approval of an interim dividend of INR6 per share. However, the payment of the dividend is subject to the annual general meeting's approval. The company has also proposed a 2:5 bonus issue to existing shareholders. Aptech, a provider of computer training and multimedia services, registered a net profit of INR33 crore in Q1, up 43% YoY, while revenues during the quarter jumped to INR137 crore from INR38 crore.

Sectorally, buying was seen in telecom, consumer durables, realty, and healthcare stocks, while some selling was seen in energy, metal, oil & gas, and utilities.

Indian benchmark equity indices, the Sensex and Nifty, ended in the red on Wednesday due to weak global markets, with banks and financials being the biggest decliners. Despite experiencing a robust recovery recently, the negative signals from global peers such as weak factory activity data from China and concerns over a recession and potential interest rate hikes in western markets are impacting the domestic market. Moreover, profit booking was prevalent in bank and financial services stocks after four days of consecutive rallies. MSCI's rebalancing also affected the market, with Adani Transmission and Adani Total Gas seeing a decline.

Do you know which company in the retail sector is India's most valued company? Let's take a look at the top 10 most valued retail companies in India.

Comrade Appliances and Sahana System have opened their initial public offerings (IPOs) for subscription today, while Infollion Research Services' IPO is closing today. Comrade Appliances' IPO was subscribed 21% on day one, with the retail category doing well with a 45% subscription, while Sahana System's IPO was subscribed 22% on day one. The net proceeds from both IPOs will be used for working capital requirements and general corporate purposes. Infollion Research's IPO was subscribed by 182% so far, and the company plans to raise up to INR 21.45 crore ($3.06 million) at the upper end of the price band at Rs 80-82 per equity share.

ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective.

Closing Bell: Sensex snaps 4-day streak, ends 347 pts lower; Nifty below 18,550; Suzlon Energy rallies 10%, ONGC drops 5%.

What is the difference between diversified funds & sector funds? What are the pros and cons? Let's take a look at the two in detail. Watch!

The main regional stock markets were set for monthly losses, with London's FTSE 100 and Paris' CAC 40 among the worst hit. Both the indexes were also trading at a two-month low on Wednesday.

​Fitch affirmed the ratings on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subsidiary, Oravel Stays Singapore, at 'B-'. The outlook revision is on the optimism that Oyo is on track to generate positive EBITDA and cash flow from operations sustainably, driven by a greater reduction in operating costs despite weaker-than-expected growth in gross booking values (GBV) in FY23.

Indian stock market indices, S&P BSE Sensex and Nifty50, fell by over 500 and 150 points, respectively, amid profit booking across sectors with bank and financial services stocks being the worst hit. Lacklustre action in the global market, weak factory activity data from China, profit booking, technical factors, and MSCI rebalancing were among the factors driving the stock market lower.

BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

Macrotech Developers, formerly Lodha Developers, gained 2.57% to Rs 539 apiece on NSE after turning ex-bonus. The developer had announced a bonus issue of equity shares to investors at a ratio of 1:1; May 31 was set as the record date for eligibility determination. An increase in liquidity and a decrease in stock prices are the primary objectives for companies offering bonus shares, as well as to make shares affordable for investors. Macrotech achieved its highest-ever annual pre-sales of Rs 12,064 cr for FY23, higher by 34% YoY and exceeding guidance. It plans 20% CAGR in pre-sales going forward.

Bajaj Finserv's stock has fallen over 20% from its September highs, but a recent breakout from a rounding bottom pattern suggests more upside. The stock could potentially reach its 200-day moving average at Rs 1,512, and a close above that could take the stock to Rs 1,770-1,920 in the next three months, according to experts. The stock is currently trading above most crucial short-term moving averages but is near overbought levels and may show a pullback soon. The ADX is above the 20 point mark, indicating a strong trend and potential support at the 20 and 60 SMA levels.

Investors are often hesitant and fearful of investing when the market nears new all-time highs, despite being opportunistic during market downturns. This behavior could be attributed to denial and fear caused by past losses and cognitive biases. Overcoming these biases requires analyzing the present market situation objectively and seeking professional advice from experienced portfolio managers. Knowledge and education play a significant role in reducing investor fear and denial. While uncertainties may persist, India's growth trajectory offers a solid foundation for long-term success in high-flying markets.

Morgan Stanley's Research had taken these 10 big changes namely, supply-side policy reforms, formalisation of the economy, Real Estate (Regulation and Development) Act, digitalizing social transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI, India's 401(k) moment, government support for corporate profits and MNC sentiment at multiyear high, while filing the report.

MACD or moving average convergence divergence in stock market parlance is a trend suggestive of a momentum indicator. The metric shows the relationship between two moving averages of prices. (StockEdge) For calculating MACD, 26-day EMA is subtracted from 12-day EMA.

Himadri Specialty Chemical has acquired a 12.8% stake in Sicona Battery Technologies for AUD 10.3m (INR 57 crore), enabling Himadri to enhance energy density of batteries with Sicona's high capacity silicon anode technology for lithium-ion batteries. Himadri will be able to cater to nearly 250 GWH (giga watt hours) of cell manufacturing in India by 2030, with Sicona's technology delivering 50-100% higher capacity than conventional graphite anode. The move will also help Himadri secure orders from battery manufacturers in India, which is likely to have about 250-300 GWH of battery manufacturing capacity by 2030.

Shares of Adani Transmission and Adani Total Gas fell ahead of their exit from MSCI Global Standard index, which will result in outflows of $189m and $167m, respectively. The exit of Indus Towers is also expected to result in outflows of $84m. Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings will be entering the index, with Zomato's weight increasing, likely triggering inflows of $63m and adding 77 million shares.

MACD or moving average convergence divergence in stock market parlance is a trend suggestive of a momentum indicator. The metric shows the relationship between two moving averages of prices. (StockEdge) For calculating MACD, 26-day EMA is subtracted from 12-day EMA.

What is happening in the MFI space? The easier regulatory norms have given a new flip to the demand in the microfinance industry and that is evident from the stock performances. Let us get in more details on how the valuations stacking up and what's aiding this rally.

Suzlon Energy's shares rose by almost 11% to Rs 11.8 on Wednesday, following the company's net profit of Rs 320 crore for Q4 ended March. It recorded a consolidated net loss of Rs 205.52 crore during the same period in 2022. Besides, the company announced its consolidated net profit for FY23 stood at Rs 2,852 crore compared to a net loss of Rs 258 crore for FY22. Suzlon CEO, JP Chalasani, claimed the company reduced its net debt by over 90% in the last three years, and reduced operating expenses, while net worth has surged.

Mahindra & Mahindra (M&M) stock has outperformed both Nifty50 and Nifty Auto indices and recent momentum indicators suggest it's in an overbought zone. M&M stock could still see a 15-20% uptick aided by a supportive chart structure and good fundamentals, although trends indicate it might be time to book profits. The market also suggests that M&M stock is trading in an overbought zone. The company reported a YoY growth of 22% in net standalone profit at Rs 1,549 crore for the March quarter.

As the nifty continues to move upward, small caps are joining the party. Even on days when select stocks are bringing nifty under pressure, breadth of small cap seems to be holding out. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.

After two weeks of straight up move, bulls are taking rest, nifty witnessed a small phase of volatility but the bias of that volatility was still bullish, clearly indicating that the equation is still in favor of bulls. These stocks have seen their score improvement and have moved out of negative territory over the last one month. Besides others, there is an Adani group stock which moved out of the negative score zone. 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.

Shares of Sona BLW Precision Forgings (Sona Comstar) fell over 5% to Rs 505.2 in Wednesday's trade amid reports of a large block deal executed on the counter. The promoter Aureus Investment was likely to sell a 3.25% stake in Sona BLW Precision Forgings via a block deal. In Q4FY23, the company reported a strong revenue of Rs 744 crore with 35% YoY growth, while the revenue share from Battery Electric Vehicles (BEV) stood at 28%, a growth of 37% YoY.

Two things which impact the demand for capital goods. First is the spending, both by the government and private sector. Second is the focus of the government policies. As far as the first is concerned, government focus money has been going into infrastructure space and hence anything to do with roads and bridges have been doing extremely well. On the policy side, the focus of government policies increasingly turning favorable toward the manufacturing sector, select capital goods and engineering companies which cater to sectors like EV and textiles are making a comeback on the analysts list.

Mazagon Dock Shipbuilders, the Indian defence PSU firm, witnessed a 5% rise in shares after its Q4FY23 net profit more than doubled to INR326 crore from INR159 crore in the previous year's corresponding quarter. The company's Q4FY23 revenue from operations surged by 49% YoY to INR2,078.6 crore, and its earnings before interest, tax, depreciation and amortisation nearly tripled to INR211 crore YoY. The board of directors recommended an extra dividend of INR6.86 per equity share, in addition to an interim dividend of INR9.10 per equity share paid for the year.

Torrent Pharmaceuticals' shares surged 8% after the company reported a profit of INR 287 crore ($38.4m) during Q4 FY22, compared to a net loss of INR 118 crore in the same period a year ago. The drug maker's revenue rose to INR 2,491 crore during the fourth quarter, up from INR 2,131 crore in the year-ago period. While Motilal Oswal has taken a "neutral" view on the counter, Nuvama and Prabhudas Lilladher have a "buy" rating on the stock, while Kotak Institutional Equities recommend a "reduce".

The initial public offering (IPO) continues to see new offerings from diverse sectors, as 4 SME IPOs are opened for subscription.A small and medium enterprises (SME) IPO is a fundraising procedure that allows a small or medium-sized business to go public like other, larger firms and also gives smaller businesses a platform to be listed on indices. Here's a list of 4 SME IPOs that opened for subscription, according to PRIME Database data:

Indian mining company Vedanta Resources, which is rated junk by credit agencies, faces a record annual bill of $2bn due in 2024 and another $500m bond payment on 31 May. While the May bond is trading close to par, pricing data on other bonds suggest concerns over repayment. Vedanta's reliance on dividend payments from profitable subsidiaries has caused cash reserves to dwindle to the lowest level in at least a year, while a drop in prices for its metals could also impact profitability. Vedanta has borrowed $250m to refinance debt and signed a five-year loan for around $850m with JPMorgan and Oaktree.