The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at 6.50% at its June meeting and for the rest of 2023, according to a recent poll of economists by Reuters. Despite inflation falling to an 18-month low of 4.70% in April, the rate is not expected to reach the RBI's 4% target for another two years. Therefore, chances of rate cuts remain low in the immediate future, despite a predicted improvement in the outlook for inflation. Among those surveyed, over two-thirds saw the repo rate remaining the same until the end of the year.

Chennai Super Kings (CSK) has become the first team in the Indian Premier League (IPL) history to win the tournament for the fifth time. The franchise has also become one of the most popular in the unlisted market since its debut in 2017-18 - with shares starting to trade at about Rs23-28. Before the franchise's recent win the stock was trading at Rs145-150, this has increased by 15% to Rs168 since the victory.

The distinction between value and growth investing is not straightforward as it often appears. The traditional definition of value as buying stocks with a low price-to-earnings ratio or price-to-book ratio may not be accurate in understanding the market. Investors must exercise flexibility in their investment philosophy as no theme runs forever, and certain geographies, sectors, asset classes, and investment strategies work for a limited period.

William O'Neil, founder of William O'Neil & Co. and Investor's Business Daily, passed away at 90. O'Neil was known for being the youngest person to buy a seat at the New York Stock Exchange, launching a mutual fund that achieved a 115% return in 1967, and creating data collection centers, research centers, and advisory firms for global markets. He wrote several books on investing in the stock market, including ‘How To Make Money In Stocks: A Winning System In Good Times Or Bad', which has sold over 4 million copies worldwide.

Banking and financial stocks are not expected to have a smooth ride as market experts hold contrarian views on the ability of the sector to sustain growth, despite Jefferies' Global Head of Equities Christopher Wood adding Axis Bank to his India Long-only portfolio in May. Small case managers and investors suggest asset quality and margin issues for some banks while FidelFolio Investments' Founder Kislay Upadhyay predicted a high interest rate scenario would impact access to capital, curb the ability to grow and maintain capital efficiency. Meanwhile, Devendra Phadk at Purnartha Investment Advisers said credit penetration at society's lowest strata has increased considerably over the last decade, which could cause credit issues both at the retail and enterprise levels.

Monte Carlo Fashion has exceeded its target by opening 47 exclusive brand outlets, with a total of 356 as of March 2023. The company's Q1 2023 revenue from operations increased by 45.7% to Rs 236.7 crore YoY, and EBITDA rose by 43.1% to Rs 32.3 crore. The company suggested a final dividend of Rs 20 per equity share for FY2022-2023. The stock price rose by 12.7% and was trading at Rs 837.5. Promoters hold 73.17% of the company, and ace investors such as Dolly Khanna and Vikas Khemani hold stakes as well.

From the Sensex pack, ITC, Bajaj Finserv, Kotak Bank, and Bajaj Finance were the top gainers, rising 1-2%. Axis Bank, HCL Tech, Wipro, UltraTech Cement, and Maruti also closed with gains. On the flip side, Tata Steel, Tech Mahindra, Sun Pharma, Nestle, L&T, and SBI closed with losses.

Closing Bell: Sensex extends rally to 4th day, ends 123 pts higher; Nifty above 18,600; HAL gains 3%, ITC 2%.

Among single stocks, Nestle slipped 0.8% after the Swiss food group said it had hired Anna Manz, the finance chief at the London Stock Exchange Group, as its new chief financial officer. Unilever Plc dipped 0.6% after the consumer goods giant said Chief Financial Officer Graeme Pitkethly would leave by the end of May 2024.

Participatory notes issued by registered foreign portfolio investors (FPIs) to overseas investors wanting to participate in the Indian stock market have hit a seven-month high, reaching INR95,911 crore ($12.9bn) at the end of April. They are primarily being used as a tool by investors looking to benefit from India's record economic growth. In addition, FPIs invested INR11,631 crore in Indian equities in April and INR806 crore in the debt market.

Inox Wind, an Indian wind energy solutions provider, has seen its shares jump by 9.4% after a repeat order worth 150 MW from NTPC Renewable Energy. The project will take place in Gujarat and, with this order, Inox Wind has now received a total of 550 MW from NTPC. The firm will supply and install existing and new technology wind turbine generators, as well as be responsible for operation and maintenance (O&M) services for the project.

A financial advisor suggests a strategy for retirees or individuals looking for additional income to boost their wealth creation journey: invest in a liquid fund that mirrors CRISIL Liquid Debt Index and transfer capital appreciation profits every month to a Nifty 50 Index fund. This way, the initial investment remains accessible while transferred profits take on market risks for higher returns. This strategy generated returns of approximately 10% in the last 21 years for an investor and could work well for others looking to generate extra income while minimizing risks. Mutual fund houses have this feature of transferring capital appreciation between schemes.

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 ITC, India's conglomerate, have surged over 2% in intraday trade on Tuesday to Rs 449.85 per share, hitting multiple record highs in recent months. The company has proposed demerging its hotel business, which recorded a bumper revenue growth of 99% to Rs 809 crore and posted a profit of Rs 205 crore before tax, for the first time, as business recovery increased. ITC shares also trade ex-dividend on Tuesday, with the board recommending a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share, which will be paid between August 14th and 17th to eligible shareholders.

RSI or Relative Strength Index computes the ratio of the recent upward movement to the absolute price movement, Typically, the RSI ranges from 0-100 and here the time period considered for the computation of RSI is 14 days.

Ambit Capital predicts that Nifty's fair value will be 20,900 by March 2024 by estimating its EPS at Rs 940 and 10-year G-Sec yield at 7.1%. Ambit has included five new stocks- SBI Cards, Indigo, Affle (India), Max Healthcare, and IndiaMart Intermesh to its portfolio. The brokerage house has reduced weight in IT, whereas it is marginally overweight in banks. The preference remains in favor of large caps over small and mid-caps. Ambit G&C portfolio has mid and small-cap allocations at 12% and 5%, and cash at 5.2%, but it has removed two stocks - LIC Housing Finance and GCPL - besides Bank Nifty.

Prestige Estates has become the 100% owner of two under-construction office complexes in Mumbai. The Bengaluru property development firm bought out the shareholdings of DB Group for INR1,176 crore ($167m). Prestige Estates each had a 50% stake in the two projects, which are expected to be completed in three to four years. The acquisitions give Prestige ownership of properties with a potential gross leasing area of 5.69 million sq ft. It has operations in more than 12 major Indian locations and a diversified business model across residential, office, retail, hospitality, property management and warehouses.

Maya explained, "Delta is a measure of how much an option's price will change with changes in the price of the underlying asset.​​ Delta is expressed as a value between -1 and 1. For a Call option, Delta ranges from 0 to 1, while for a Put option, it ranges from -1 to 0."

The Nikkei 225 in Tokyo rose 0.30%, closing at 31,328.16, while the Topix slipped 0.07%, closing at 2,159.22. Investors took profits in the early trade after the Nikkei index scored its highest finish in 33 years, while global markets praised a broad deal in Washington over raising the debt ceiling. Analysts observed that foreign market players have been the major driver of recent gains in Tokyo, but they are now taking a break with the US market closed. Investors remain cautious, waiting for the release of key US economic indicators later in the week.

While predicting oil price is hazardous, there is a high probability that if oil prices even stay at these levels, some companies from oil and marketing space and refiner’s will be able to see improvement in their margins that could be reflected in coming quarters.

As the NIFTY and broader market continues to recover, analysts are bullish on select large cap stock. Making to the list are companies from different sectors, like new age companies, fertilizer and insurance companies. Few of them have come in the limelight recently due to their Q4 results. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

Lower metal prices are benefiting many sectors as they say in steel one company’s loss is another company’s gain.

Companies are increasingly investing in advanced generative AI platforms due to their success rate and potential in transforming businesses. The COVID-19 pandemic further accelerated the need to build technology capabilities across several sectors, which opened up new opportunities for the IT industry. Generative AI holds significant potential to transform businesses across several sectors, and US IT major Accenture identified over 300 potential use cases across 19 industries. Though generative AI can drive demand tailwinds, cost competitiveness will remain key for the IT sector. Reports suggest that the global AI market, currently worth $130 billion, has the potential to grow by 40% over the next 7-8 years.

Jubilant Pharmova's quarterly net loss widened to INR 98 crore in the March quarter of FY23 from a loss of INR 15.67 crore in the previous quarter. The firm posted a loss compared to a profit of INR 59.55 crore the previous year. The decline in profitability was due to a significant increase in total expenses in the quarter, which reached INR 1,785.57 crore. Despite the net loss, the board of directors declared a dividend of INR 5 per share for the fiscal year FY23. At 10.55 am, the stock was trading 7.4% lower at INR 332.1 on BSE.

Shares of Aurobindo Pharma surged by up to 7.2% to reach Rs 655 in early trade on BSE after receiving favourable views on the stock from several top brokerages, despite a 12% YoY dip in profit for Q4FY23. The Hyderabad-based company reported a net profit of Rs 506 crore in the quarter on a sequential basis. Among other brokerages, Bank of America and Goldman Sachs have a 'buy' view on the stock, while Kotak Institutional Equities has an 'add' call and Nuvama has initiated coverage with a 'buy' rating.

Berger Paints has broken out from a falling trendline on weekly charts, suggesting room for the stock to retest levels closer to its 52-week high of INR710. The stock price may be down by around 9% from its 52-week high, but has recovered by more than 20% since hitting a 52-week low of INR527 on 3 February 2023. The positive momentum has helped Berger Paints breach its 200-week moving average and reclaim falling trendline resistance on the weekly charts. Experts suggest the stock represents a buying opportunity in the range of INR640 to INR630, and further upside potential up to INR700 in the next month.

Rail Vikas Nigam (RVNL) reported a consolidated net profit of Rs 359.3 crore, down 5%, in Q4 FY21 compared to Rs 378 crore in the year-ago period. The company's revenue from operations during the January-March quarter fell 11% to Rs 5,719.8 crore YoY. The board recommended a final dividend of Rs 0.36 per share for FY22-23, payable within 30 days from the date of approval. RVNL's shares fell 4.6% to Rs 116 in Tuesday's intraday trade on BSE. The average target price of the stock is Rs 130, indicating an upside of 11% from current market prices.

Nifty PSU index has been consolidating for the last 15 years. The index has now witnessed a breakout of this multi-year consolidation on monthly charts. The index is expected to pick up pace once RSI crosses 70 levels. ADX is trading above 24 levels which usually signals a strong uptrend in the making. The index is expected to rise towards 13,500 levels in the next 3-5 years, InCred Equities said.Based on a technical analysis report on the Nifty PSE Index by InCred Equities, 4 stocks can rally up 206% in the 2-3 years of time frame. These stocks include Power Finance Corporation and BHEL. Here's a list:

Real estate developer Sobha's shares surged 10% on the NSE after announcing a 242% YoY jump in Q4FY23 profit after tax to INR 48.6 crore ($6.5m) from INR 14.2 crore in Q4FY22. The Bengaluru-based company's revenue from operations also increased 70% YoY to INR 1,210 crore for Q4FY23. Leading brokerages including Jefferies, Kotak Institutional Equities, Nuvama and ICICI Securities have recommended buying shares in Sobha following the announcement, with sales machinery, cash flows, and an expected rise in approvals for new projects factored in to the revised SOTP-based target price range of INR 679-891 ($9-$12).

Nifty is close to reaching its all-time high due to foreign institutional investors' strong inflows; however, at least seven Nifty50 constituents must rally over 20% to reclaim their previous 52-week highs, including Adani Enterprises and Adani Ports. Gautam Adani's flagship firm, Adani Enterprises, must surge 65% to touch its 52-week high of Rs 4,190. Similarly, Infosys, Cipla, and Hindalco are among the stocks that must rise between 21-27% to reclaim their all-time high levels. On the other hand, Bajaj Finserv is languishing 28% away from its 52-week high level of Rs 1,844.

The Federal Reserve's hawkish outlook on interest rates may increase the likelihood of a "crash landing" in the economy rather than a "soft landing", according to experts. Raising short-term policy rates could lead to problems, which would be "damned if they do and damned if they don't", according to former head of the Reserve Bank of India, Raghuram Rajan. Kashkari of the Federal Reserve Bank of Minneapolis and fellow committee members believe the effects of inflation need to be tightly controlled. Market observers have cited life insurance, private markets and loan funds as areas of concern, although there is little transparency in these sectors.

Chennai Super Kings claimed a record-equalling fifth Indian Premier League title with a five-wicket win over Gujarat Titans in a rain-affected but thrilling summit showdown on Monday. CSK and Indian markets, what is the parallel between them? What will make the markets move higher in June? ET NOW's Managing Editor Nikunj Dalmia explains.

Among Sensex stocks, UltraTech Cement, ITC and HCL Tech were the top gainers, rising over 1% each. Kotak Bank, Titan, NTPC, Wipro, Bajaj Finance and Tech Mahindra also opened higher. On the flip side, Nestle, SBI, IndusInd Bank, Tata Steel, and Asian Paints opened in the red.

Amber Enterprises was given a buy rating by Jefferies with a target price of Rs 3,120, owing to the expected growth of the domestic AC industry. Financial services company Motilal Oswal downgraded AU Small Finance Bank to a neutral buy with Rs 830 target price due to its rising cost of funds likely to impact its margins. JPMorgan remained neutral on Asian Paints with a Rs 3.128 target price.

Sensex drops over 50 points, Nifty near 18,580; Sobha surges 7%, IRCTC falls 3%; NBCC, YES Bank, GMR Airports Infrastructure are some of the gainers in the morning trade.

Indian new-age tech firms such as Paytm and Zomato, which saw their stocks plunge by up to 60% in 2022 causing cumulative losses of Rs 2 lakh crore, could become profitable in the near future, leading to potential as multibaggers over the next decade, according to investors. Some of the firms, including Zomato, have already increased profitability as they look to shift from a growth-at-all-costs mentality to a more sustainable long-term approach. However, experts warn that these companies still face challenges, including increased competition and potentially challenging regulations, which could hamper their profitability in the future.

The stock price of this company has given a multi-month trendline-breakout. The price had formed a higher low before giving an internal trendline breakout, which also resembles an inverse Head and Shoulders pattern. This pattern suggests the start of an uptrend. The volume has started rising gradually after the breakout, which is supportive of the price.

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 IDFC First Bank and RIL while Nooresh Merani has a buy/sell recommendation on Hero Moto and Tata Power for today's trading session. Check out the targets and stoploss.

Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX rose 3.34% from 11.90 to 12.29 on Monday, indicating some consolidation in record-high index levels amid the start of the new series. Options data reveals a potential trading range of 18300 to 18800 zones, with minor call writing seen at 18700 to 18800 strikes, and put writing at 18400 to 18300 strikes. Several experts recommend short-term trades in select companies.

The Futures Short Position Scan conducted on Monday revealed Aggressive New Short positions had been taken on 5 counters. This is a bearish indicator, as it signifies that the futures OI has increased while price has decreased. (Source: StockEdge)

In the NSE list of stocks, five stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com'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 May 29

In the Nifty200 pack, seven stocks crossed above their 200 DMA (Daily Moving Averages) on May 29, 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 with a market cap of over Rs 10,000 crore, seven stocks crossed their previous 5-year high value at the close on May 29, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look

The week started on a positive note for the markets, with the Nifty ending the day with an increase of over half a percent. Despite expectations, the headline index could not achieve a breakout.

Nifty futures on the Singapore Exchange traded 13 points, or 0.07 per cent, higher at 18,703, signaling that Dalal Street was headed for positive start on Tuesday. Here are some stocks which are expected to see some action in trade today.

Bearish reversal scan on the candlestick screener can help in ascertaining stocks where the trend can change to downtrend from an uptrend zone in the future. So, here are 2 NSE stocks that have established a Bearish Engulfing pattern (with m-cap over Rs 1,000 crore) and signify bearish reversal. (Source: StockEdge)

Asian stocks rose on Tuesday despite concerns over the mass of US government debt. MSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.4%, although the index is down 1.3% for the month so far. Longer-dated US Treasuries also rallied as bond traders became more optimistic about a US debt deal suspending Washington's borrowing limit. The deal suspends the debt ceiling until January 2025 in exchange for spending caps and government programme cuts. Despite the positivity, investors are not certain of the economic outlook with the bond market implying a 70% probability of a US recession in the next year.

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

Indian equity markets began the week by rising due to the positive outlook in global markets and breakthroughs in US debt ceiling negotiations. The S&P BSE Sensex increased 344 points while the Nifty50 settled at 18,598 levels. The consumer durables and metals sectors gained the most, while oil and gas, IT, and energy were the laggards. Among the stocks in focus, Prince Pipes gained 5%, M&M rose by 3.37%, and ONGC fell about 3%. Technical and Derivative Research Analyst at Reliance Securities recommended investors buy Prince Pipes, sell M&M and ONGC.

Jubilant Pharmova has posted a net loss of Rs 98 crore in the fourth quarter ended March. Revenue from operations during the quarter stood at Rs 1,660 crore.