Derivative contracts worth $7.5 billion traded in Singapore will be transferred to India as a cross-border trading link between the two countries' top bourses becomes fully operational. The move signifies India's success in attracting trading activity back to its shores from global financial centers such as Dubai, Mauritius, and Singapore. The dispute between the National Stock Exchange of India and Singapore Exchange over single-stock futures trading has now been resolved, with the trading of futures and options happening in India's GIFT City and SGX handling the clearing.

In the following week, several factors are in place that are likely to decide the trajectory for markets. These include key macroeconomic data points in India and across major developed economies, and a lot of corporate news developments.

Sebi has penalised Cyquator Media Services, a promoter entity of ZEE Entertainment Enterprises Ltd (ZEEL), for certain disclosure lapses. A fine of Rs 4 lakh has been imposed on Cyquator for failing to make adequate disclosures regarding certain trades in shares of ZEEL.

Apple Inc's market capitalization reached over $3 trillion on Friday, making it the world's most valuable company. The stock closed at $193.97 a share, and the market cap stood at $3.05 trillion. Strong sales of iPhones and expectations for the release of the Apple Vision Pro mixed-reality headset have fueled the rally. Citigroup Global Markets sees further upside potential for the stock, citing gross margin expansion and market share gains in China and India.

The Indian equity markets attempted a breakout by moving past the prior top of 18,887 and closing near the high point of the week. The volatility remained low and the financial space underperformed the Nifty. The Nifty closed with a net monthly gain of 654.65 points (+3.53%). The banking and financial space has been underperforming but the Bank Nifty remains on the verge of a breakout. The India VIX reached one of its lowest points in recent years. It is crucial for Nifty to stay above 18,900 levels for the breakout to be confirmed.

In June, the best-performing sectors in the Indian market were consumer discretionary, realty, healthcare, automobiles, and capital goods. The S&P BSE Realty, Healthcare, and Capital Goods sectors saw 9-10% upside. Smallcap stocks in the automobile and auto ancillary sector also performed well. Analysts remain bullish on the auto ancillary space due to strong automobile demand. In the capital goods space, 31 smallcap stocks had double-digit returns. The healthcare sector also gave good returns, with several stocks experiencing significant gains. However, banks, financials, information technology, and oil and gas sectors underperformed.

Shares of Saregama India have seen significant returns in the past decade, with a rise of 5,100%. An investment of Rs 10,000 would have turned into nearly Rs 5 lakh. The company, owned by the RP Sanjiv Goenka Group, is India's oldest music label and TV content producer. It has a diverse range of music and also produces films and TV serials. Mutual funds own a mere 0.5% stake, while foreign portfolio investors hold around 17% in the company. Saregama India recently posted its highest-ever revenue for Q4 at Rs 207 crore.

Shares of domestic mutual funds experienced a rally of up to 14% after the Securities and Exchange Board of India deferred its decision to lower the total expense ratio (TER). The reduction in TER would have impacted the profitability of the mutual fund industry. The regulator now plans to rework the TER plan, with the new amendments likely to be less stringent. Market experts believe that this decision will benefit asset managers by enabling them to gain a larger market share over time.

With the upcoming state elections in 2024, infrastructure projects are expected to be a focus for the government. Increased government spending on infrastructure has been a trend in recent years, benefiting companies in the construction and engineering sector. The attention of investors is now shifting towards small companies involved in subcontract work for these projects. Four construction stocks listed on the NSE, NCC Limited, PSP Projects Limited, Larsen and Toubro Limited, and Ahluwalia Contracts (India) Limited, have scored well based on earnings, fundamentals, relative valuation, risk, and price momentum, according to Refinitiv's Stock Reports Plus.

Indian equities, including the Nifty50 and Sensex, experienced gains for the fourth consecutive month in June. While the benchmark indices returned nearly 3% for the month, the midcap and smallcap segments were the top performers, with about 400 stocks delivering double-digit returns. Sectors such as automobiles, healthcare, and information technology saw strong buying interest, and experts recommend long-term investors to continue accumulating quality stocks while being cautious of profit booking. The upcoming Q1-FY24 results are expected to provide further fuel to the market rally.

Would rapidly rising use of artificial intelligence tools bring more risk to software companies as some of them may lose their relevance or it would be adding more value to the manufacturing sector. This debate will dominate the street for some time to come.ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

In the last one month as more and corners of Dalal street come under control of bulls, stocks from different sectors have seen an improvement in their analyst 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.

Algorithmic trading, also known as algo-trading, is gaining popularity among Indian retail traders. It involves executing trades using algorithms that continuously monitor chosen stocks/indices and generate orders on behalf of the trader. Algo trading is not only for programmers as anyone can operate complex algorithms with ready-made commands. It is important to note that algo trading is different from machine learning and artificial intelligence. Algo trading provides discipline, speed, and precision in trade placement, eliminates emotion and biases, and allows for backtesting and optimization.

Non-Banking Financial Companies (NBFCs) have seen increased optimism in their stocks due to expectations of interest rate cuts and peaking government bond yields. NBFCs, which rely on bank borrowings and non-convertible debentures (NCDs), benefit from a changing rate environment, especially those with a higher share of floating rates. The recent decline in government bond yields indicates market expectations of a dovish stance by the RBI. Additionally, the competition in the wholesale borrowing market is expected to ease after the HDFC Bank and HDFC Ltd merger. However, factors such as credit growth and asset quality also need to be considered when evaluating the sector.

Gensol Engineering, known for its multibagger returns, will move from the BSE SME platform to the main board of the National Stock Exchange (NSE) on July 3. The company received approval after submitting its listing application and equity listing agreement. Gensol Engineering's shares have seen remarkable growth, increasing over 2,000% since its listing and doubling investors' wealth in one year. The company focuses on engineering solutions for solar power projects, with a portfolio of over 590 MWp. In the financial year ending March 2023, Gensol Engineering reported revenue of Rs 186 crore and a profit of Rs 13.55 crore.

As the U.S. stock market enters a historically strong month, investors are cautiously optimistic. The S&P 500 and Nasdaq Composite have shown significant gains in the first half of the year, defying recession fears and banking crises. However, uncertainty looms as the Federal Reserve plans to raise interest rates. Investors will closely monitor employment data, second-quarter corporate results, and the consumer price index report for insights into the state of the economy. Rising bond yields and concerns about economic fallout from rate hikes have some investors skeptical about the rally's sustainability.

The regulator alleged that the trade was done on the basis of mutual arrangement. This amounted to active concealment of fair price of the option and resulted into manipulation of the price of the contract, which had the effect of potentially misleading investors with regard to likely future price of the underlying. It had, thereby, violated Sebi's Prohibition of Fraudulent and Unfair Trade Practices Regulations, said the regulator.

Sebi noticed that the listed company also published a press release on September 13, 2022 on its letterhead, which stated "Vedanta signs MoUs with Government of Gujarat to set up semiconductors and display fab units". The said press release was also available on its website.

HDFC and HDFC Bank have approved their merger, making it the world's fourth-largest bank by market value. Shareholders of HDFC as of July 13 will be eligible for HDFC Bank stock, with eligible shareholders receiving 42 new equity shares for every 25 held. Non-convertible debentures and commercial papers will also be transferred to HDFC Bank. The merger aims to strengthen the banks' combined financial services ecosystem and facilitate greater credit flow into the economy, including infrastructure loans. All HDFC employees will become HDFC Bank employees, and the bank's subsidiaries will include various financial services entities.

The shares were issued at Rs 175 each, with the QIP opening on June 26. Foreign and domestic institutional investors, including BlackRock and Norges Bank, participated in the QIP. Aditya Birla Group chairman Kumar Mangalam Birla said this investment reflects the company's commitment to its financial services business and the confidence investors have in its strategy and growth platform.

India's equity benchmarks, the Nifty and Sensex, reached new highs as they climbed over 1% each for the third consecutive session. Financials, automobiles, and IT shares led the surge. The market capitalisation of BSE-listed firms also hit a record high. Foreign portfolio investors (FPIs) were net buyers for the third straight session, with FPIs and domestic institutional investors (DIIs) collectively contributing to the market's gains. India's strong economic outlook and attractive investment opportunities are attracting global attention, particularly as economic activity in China has slowed.

Wall Street's major indexes closed higher on Friday, with the Nasdaq experiencing its biggest first-half gain in 40 years. Apple reached a market valuation of $3 trillion, while investors reacted positively to signs of cooling U.S. inflation. The Dow Jones, S&P 500, and Nasdaq Composite all registered gains. Technology stocks led the charge, with Microsoft, Nvidia, Amazon, and Meta Platforms also making significant gains. Small-cap stocks also attracted attention, with the Russell 2000 index recording its longest winning streak since early March. The US economy's strength and cooling inflation have boosted confidence in the Federal Reserve's ability to manage monetary policy.

Equity markets in India reached new records in the last week of June, ending the month with a 3.5% gain. The rally was supported by strong foreign institutional investor flow and positive sentiment from the advance of the southwest monsoon. Several smallcap and midcap stocks delivered double-digit returns. Analysts expect the upward trend to continue, and investors will be watching for economic data releases and insights from the US Federal Reserve's FOMC minutes going ahead.

The merger of HDFC Investments and HDFC Holdings into HDFC is effective on Friday. Commercial papers of HDFC Ltd will be transferred to HDFC Bank from July 7. Shareholders of HDFC will receive 42 new HDFC Bank shares for every 25 shares held. The merger is expected to create the world's fourth-largest lender with a market cap of $172 billion.

Christopher Wood will increase investment in Zomato by one percentage point. This will be done by cutting investments in Oil and Natural Gas Corporation. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio

The merger of HDFC Investments and HDFC Holdings into HDFC Ltd is effective today, the bank says

The shares were issued at Rs 175 each, with the QIP opening on June 26. Foreign and domestic institutional investors, including BlackRock and Norges Bank, participated in the QIP. Aditya Birla Group chairman Kumar Mangalam Birla said this investment reflects the company's commitment to its financial services business and the confidence investors have in its strategy and growth platform.

Christopher Wood, the global equity strategist at Jefferies, has announced an increase in his investment in Zomato, an online food delivery aggregator, by one percentage point. This will be done by reducing the investment in Oil & Natural Gas Corp. Wood had previously added Zomato to his India long-only portfolio a month ago with a 4% weight. He has also made adjustments to his portfolio by removing HDFC Life Insurance and increasing the allocation to Nvidia, Alibaba, and TSMC in his global long-only equity portfolio. Wood believes that owning Nvidia is more beneficial in the growing field of generative artificial intelligence than owning Intel or AMD.

Warburg Pincus affiliate, Lion Meadow Investment, has sold a 0.3% stake in Bharti Airtel through a block deal, generating Rs 1,649 crore. Despite the stake sale, Airtel's stock ended higher due to strong institutional buying. Several funds, including American Funds Insurance and EuroPacific Growth Fund, have acquired stakes in the telecom operator. Airtel's African business is growing rapidly and has the potential for a separate listing, according to brokerage CLSA, which has a buy rating on the stock. In the March quarter, Airtel reported a YoY increase of 50% in consolidated net profit.

In what can be termed as a 'Ghar Wapsi' (return to home) of sorts for SGX Nifty, the early indicator of the Indian stock market is shifting base from Singapore Exchange to NSE International Exchange (NSE IX) in Gujarat's Gandhinagar.

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission

Promoter entity Fortitude Trade and Investment has sold its entire stake for about Rs 2,665 crore. GQG Partners has reportedly picked up 1.9% stake or 2.13 crore shares in Adani Transmission

US stocks rallied on Friday, driven by Apple shares hitting a record high and signs of easing inflation. Apple's rise helped push up technology stocks, while a Commerce Department report showed a smaller increase in the Fed's preferred inflation gauge. Traders also lowered their bets on the likelihood of further interest rate hikes by the Federal Reserve. Despite recent losses, the three main US indexes were on track to end June and the second quarter on a high note.

The penalty was imposed because the mining major made incorrect disclosures relating to its plan to enter the semiconductor business. Sebi found that Vedanta had made false representations in a press release on its letterhead, thereby misleading investors. Vedanta has 45 days to pay the penalty

Vedanta has to make the payment within 45 days of receipts of this order, the regulator says

Apple's market value breaches $3 trillion mark again. Shares of the world's most valuable listed company were up 0.9% at $191.4 in morning trading.

The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

Hindalco Industries subsidiary, Novelis, is expected to face margin pressures due to factors such as weak demand in the building and construction segment, destocking in the can segment, and low aluminum prices. Kotak Institutional Equities maintains an 'add' rating for Hindalco's shares, but believes that the stock will remain under pressure in the near term. Novelis is projected to have earnings before interest, tax, depreciation, and amortization of $444 per tonne in 2023-24 and $475 per tonne in 2024-25. The demand for cans is expected to remain weak, but the automobile segment continues to show strength.

U.S. airline stocks are set to have their strongest monthly performance since 2021, fueled by lower fuel prices and strong travel demand. Despite inflation and signs of a slowing economy, travel spending has rebounded and the number of Americans traveling by air during the Fourth of July holiday is expected to surpass previous records. The outlook for the summer months is optimistic, with a projected 1% increase in passengers compared to 2019. However, analysts expect air travel demand to moderate in the second half due to uncertainty and limited visibility.

The benchmark index Sensex witnessed a noteworthy rise of approximately 803 points on Friday, closing at a level of 64,718. During this surge, 5 stocks from the BSE auto pack scaled new highs within the 52-week timeframe. The 52-week high is an important factor for certain traders and investors, serving as a vital technical indicator to assess a stock's current value and anticipate possible price changes. It signifies the highest price at which a stock has traded in the past year.

Apple's market value briefly peaked above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark.

The said amount of penalty needs to be paid within 45 days of the receipt of this order, the regulator said.

The Nifty formed a long bull candle on Friday, closing at a lifetime high of 19,189. Chart readers suggest the index has been forming higher highs on a weekly scale and supports are shifting higher. The index needs to hold above 19,100 to extend the move towards 19,300 and 19,500.

The Golden Crossover pattern is a bullish signal in which a stock's short-term moving average crosses above its long-term moving average. This pattern indicates a potential uptrend and presents a buying opportunity for investors. ETMarkets has identified 10 stocks that recently exhibited the Golden Crossover pattern, including BSE, Graphite India, and Honeywell Automation India.

Nuvama Wealth Management will be removed from the FTSE Global Smallcap index, according to FTSE Russell. The company, which recently demerged from Edelweiss Financial Services, has not started trading on the stock market yet. Therefore, the global index aggregator made the decision to remove Nuvama from the smallcap index. Nuvama aims to triple its client assets and base by 2028 and expand its presence in more cities and offshore markets.

Easy Trip Planners' promoter Rikant Patti has sold a 5.75% stake in the company, reducing his shareholding to 26.38%. The details of the deal were not disclosed. The other two promoters, Nishant Pitti and Prashant Pitti, did not participate in the sale. The company's shares dropped over 5% following the announcement. Easy Trip Planners is a major player in the online travel industry, offering various services including air ticket bookings. Despite the stock's low performance, it is still considered expensive based on its valuation.

Cummins India, Ashok Leyland, and IDFC First Bank are expected to be included in the MSCI India Standard Index in September, which could result in significant inflows from passive funds. Emkay Global Financial Services predicts inflows of $108 million, $134 million, and $101 million, respectively, for these stocks.

The Relative Strength Index (RSI) is a crucial technical indicator for analyzing stock movements. It helps investors identify potential shifts in stock momentum. Stocks that are in the overbought zone with bearish or declining RSI trends may indicate a possible reversal or slowdown in price appreciation. In this article, ETMarkets explores 10 such stocks that are currently in the overbought zone with bearish RSI trends. The RSI is a widely used momentum oscillator that ranges from 0 to 100, providing insights into whether a stock is overbought or oversold.

The Relative Strength Index (RSI) is a useful tool for understanding stock movement and identifying potential opportunities in the market. When the RSI value trends upward, it suggests that buying pressure may be increasing, potentially leading to a price rally or continuation of an existing uptrend.

Several stocks from the S&P BSE500 index, including ABB and Coforge, reached new 52-week highs, indicating a bullish sentiment in the market. Aditya Birla Capital, Amara Raja Batteries, Apar Industries, Birla Corporation, CCL Products, Cummins India, and Cyient also experienced significant increases in their stock prices, reaching new 52-week highs. These updates were sourced from BSE at 1:50 pm and may come with a lag.