Several stocks, including Gillette India, Rain Industries, Avenue Supermarts, IRB Infrastructure Developers, Sun Pharma Advanced Research Company, Trident, and Petronet LNG, crossed their 200-day Simple Moving Average (SMA) on June 28, 2023. Crossing the 200-day SMA represents a bullish trend and suggests potential price appreciation for these stocks. This milestone is significant for investors and traders, signaling upward momentum and a positive outlook for the stock.

For better prediction of future trends and prices of stocks, technical analysis tools are now widely used. Among them one of the indicators or tools is the Average Directional Index (ADX). Here, we have identified six stocks with a market cap of over Rs 1000 crore that are entering a strong trend zone based on ADX. Further note that for these stocks ADX has gone above from below. (Source: StockEdge).

Several stocks from the S&P BSE Midcap index surged to new 52-week highs, including MRF, Corforge, Aditya Birla Capital, L&T Finance Holdings, Lupin, M&M Financial Services, Muthoot Finance, PFC, Polycab India, REC, and Shriram Finance. These impressive performances indicate a bullish market sentiment. The data was sourced from BSE at 2.15 pm and may have a lag in real-time updates.

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The Relative Strength Index (RSI) is a vital tool for analyzing stock movement and identifying potential opportunities in the market. This article highlights 10 stocks that have experienced a decline in RSI, indicating a potential change in momentum. RSI values range from 0 to 100 and provide insights into whether a stock is overbought or oversold. A downward trend in RSI suggests that selling pressure may be increasing, which could lead to a price correction or temporary pullback. It is essential to conduct thorough research and seek personalized guidance from financial advisors before making investment decisions.

Today's trading session marks the end of the first quarter of FY24. ETMarkets has analysed stocks that have delivered a minimum of 15% return in each of the last 3 months within this quarter. To narrow down the selection, only stocks with a market cap exceeding Rs 1,000 crore were considered. Surprisingly, 13 stocks from the BSE universe have met the criteria. Among this list, an impressive 7 stocks have turned into multibaggers within the first three months of FY24. Let's take a look. (Data Source: ACE Equity)

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. On the other hand, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.

Bank of America (BofA) Securities has given a 'Buy' rating for One 97 Communications, the parent company of Paytm, with a target price of Rs 1,020. BofA values Paytm based on a methodology that considers discounted cash flow (DCF) and enterprise value/sales (EV/S) valuation. The brokerage is optimistic about the growth prospects of Paytm, especially in the Indian market, and believes there are no balance sheet risks. Meanwhile, Macquarie has downgraded Paytm to neutral due to the sharp increase in share prices and the possibility of China's Ant Financial reducing its stake.

Several stocks from the S&P BSE100 index, including Dr Reddy's Labs and Maruti Suzuki, reached new 52-week highs today, reflecting a strong market sentiment. Other companies such as Godrej Consumer Products, HCL Technologies, IndiGo, IndusInd Bank, Larsen & Toubro, Lupin, and Mahindra & Mahindra also experienced upward surges in their stock prices. This indicates positive investor sentiment and confidence in the growth prospects of these companies. The data sourced from BSE at 1:15 pm may come with a lag, and the information provided is specific to that time.

Shares of HDFC Bank and Housing Development Finance Corporation (HDFC) reached their highest levels in over a month ahead of the outcomes of board meetings to decide on the merger effective date. HDFC Bank's shares rose 2% while HDFC's shares gained 1.6%. The merger, which is scheduled to take effect on July 1, will create the fourth largest lender globally by market capitalization. The combined entity's market cap is estimated to be $172 billion, making it larger than Bank of America and smaller than JPMorgan Chase. The completion of the merger will also result in changes to the MSCI and FTSE global indices.

A total of 70 stocks were trading in the overbought zone according to data from StockEdge. ETMarkets has selected 10 stocks based on their Relative Strength Index (RSI) values. RSI is a widely-used indicator that measures a stock's price movement and indicates if it is overbought or oversold. Readings above 70 suggest a potential price correction or pullback.

Shares of CreditAccess Grameen fell over 6% after reports emerged that the promoter, Credit Access BV, plans to sell a 5.8% stake in the company through block deals. The transaction is estimated to be worth around Rs 1,100 crore. The stock was last trading at Rs 1,257.5 apiece, down 5.1% from the previous close. CreditAccess Grameen is a microfinance institution that provides micro-loans to women customers. As of March 2023, the company operates in 14 states and 1 union territory with 1,786 branches, serving over 42.6 lakh customers. Mutual funds hold a 10.2% stake, while foreign portfolio investors own 8.57%.

The IMF predicts a slowdown in global growth due to various factors, including instability in the banking sector and the lingering effects of the COVID-19 pandemic. However, India remains an attractive investment destination for the next decade. Factors contributing to India's appeal include robust economic growth driven by a large domestic market, structural reforms, a stable government, technological advancements, opportunities in banking and finance, renewable energy and electric vehicles, and manufacturing through incentive programs. The reasonable valuations and potential for sustained value creation further enhance India's investment prospects.

The IPO of PKH Ventures opens for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue. Watch!

In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.

Shares of HDFC Asset Management Company (AMC) surged nearly 15% to reach a 52-week high on Friday after the Securities and Exchange Board of India (Sebi) decided to postpone the overhaul of TER regulations. Over 38 lakh HDFC AMC shares were traded on the NSE, valued at Rs 855.98 crore. Sebi stated that it would release another consultation paper on the issue. The mutual fund industry had opposed the proposal, citing potential negative impact on their businesses. Other AMC stocks such as UTI AMC and Aditya Birla Sun Life AMC also gained on the news.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0-100. Herein the data takes into consideration the time period of 14 days to compute RSI. (Source: StockEdge)

On Friday, both Sensex and Nifty 50 clocked 0.8% gains and scaled lifetime highs of 64,475.72 points and 19,123.20 points, respectively.

Ideaforge, a leading Indian drone maker, saw its initial public offer (IPO) subscribed 54.18 times on the last day of bidding. The issue received bids for 25,19,20,240 shares against an issue size of 46,48,870 shares. Qualified institutional buyers subscribed to the IPO 40.46 times, while non-institutional investors and retail individual investors subscribed 69.36 times and 72.24 times, respectively. Despite concerns over the aggressive pricing and working capital gap, analysts recommended subscribing to the IPO due to the company's niche position and strong outlook. The IPO includes a fresh issue of equity shares worth Rs 240 crore and an offer for sale of up to 48.6 lakh shares.

The IPO of PKH Ventures is all set to open for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are ten things to know about the issue. Watch!

Power sector is one, where some basic principles of economics are turned upside down. Despite the fact that demand is always more than supply, the companies in this sector find it difficult to survive. Why does it happen and will it ever change?

The market capitalization of BSE-listed firms in India reached a record high of Rs 295.72 lakh crore ($4 trillion) driven by optimism in equities. The benchmark Sensex also hit an all-time high, gaining 499.42 points or 0.78% to reach 64,414.84. The rally led to an increase in the market capitalization of BSE-listed companies to Rs 2,95,72,338.05 crore ($400 billion). Major gainers included Infosys, Tata Consultancy Services, Mahindra & Mahindra, IndusInd Bank, HCL Technologies, Tech Mahindra, Maruti, Wipro, HDFC Bank, and HDFC.

The IPO of PKH Ventures is all set to open for subscription on June 30th, and the issue will close on July 4th. The company's shares are expected to get listed on both exchanges. Here are 10 things to know about the issue. Watch!

Shares of Multi Commodity Exchange of India (MCX) plummeted 12.5% after a delay in the delivery of trading software by Tata Consultancy Services (TCS) forced MCX to continue using its existing vendor, 63 Moons Technologies. MCX had hired TCS to replace the software provided by 63 Moons, but the transition has been postponed several times. The shift to the new platform is now expected to occur in June 2023. Despite the delay, analysts believe that once the transition is complete, MCX's operating profits will increase and result in margin expansion.

Divi's Laboratories, a pharmaceutical company, has seen a rally of over 30% since March 2023. The stock has surpassed key moving averages and the chart pattern suggests that the rally may continue. Experts suggest that short-term traders could buy the stock, with a possible target above Rs 3,900 in the next 3-4 weeks. The stock has found support above Rs 3,000 and is trading above various moving averages. The Relative Strength Index (RSI) is at 59.6, indicating bullish momentum.

Indian equities have performed well in the first half of 2023, reaching all-time highs, and money managers are optimistic about the market's prospects for the rest of the year. According to a survey, 86% of brokerages expect the benchmark Nifty 50 to be above 19,000 by December, and 79% believe the Sensex will surpass 65,000. Foreign and domestic fund flows are also expected to sustain, driven by strong corporate earnings and attractive growth potential. However, volatility may persist due to global interest rate hikes and geopolitical risks. The automobile, FMCG, and realty sectors are expected to continue gaining momentum in the second half of the year, while banking stocks are expected to rebound. Midcap and smallcap stocks are also expected to perform well, outperforming benchmark indices.

Shares of Easy Trip Planners, the online travel platform EaseMyTrip, fell almost 5% on the NSE due to a likely block deal. Selling was observed with high volumes, and the stock hit a new low in March. Despite the current lows, the stock is considered expensive in terms of valuation. The stock has been relatively less volatile, and the company operates in both B2B2C and B2C distribution channels. The stock fell despite a positive trend in the overall markets, with Nifty and Bank Nifty hitting new all-time highs.

Tata Communications' shares fell by 4% after the company announced its plans to acquire communication platform service provider Kaleyra for $100 million. In addition to the acquisition, Tata Communications will also take on Kaleyra's gross debt of $224.9 million and net debt of $149.9 million. The stock's day RSI (14) is at 67.6, suggesting it is not yet oversold. Tata Communications CEO A.S. Lakshminarayanan stated that the acquisition is attractive due to the geographical complementarity between Tata Communications' product Digo and Kaleyra's offerings.

Indian equities have performed well in the first half of 2023, reaching all-time highs, and money managers are optimistic about the market's prospects for the rest of the year. According to a survey, 86% of brokerages expect the benchmark Nifty 50 to be above 19,000 by December, and 79% believe the Sensex will surpass 65,000. Foreign and domestic fund flows are also expected to sustain, driven by strong corporate earnings and attractive growth potential. However, volatility may persist due to global interest rate hikes and geopolitical risks. The automobile, FMCG, and realty sectors are expected to continue gaining momentum in the second half of the year, while banking stocks are expected to rebound. Midcap and smallcap stocks are also expected to perform well, outperforming benchmark indices.

Adani Transmission shares dropped more than 4% on the NSE after a likely block deal in the stock. Around 3.2% equity of Adani Transmission was traded, with more than 4.2 crore shares exchanged on the NSE. The market capitalization of the company stood at Rs 88,848.99 crore. Adani Transmission shares are trading at a significant discount from their 52-week high and have underperformed Nifty50 over the last month. Other Adani Group stocks also saw profit booking in the day's trade. The stock fell despite a positive trend in the overall markets.

SGX Nifty, the early indicator of the Indian stock market, will shift from Singapore Exchange to NSE International Exchange in Gujarat's Gandhinagar. SGX Nifty will be suspended and eventually delisted, while the index will be reborn as Gift Nifty on July 3. NSE IX, a subsidiary of NSE, offers USD-denominated Nifty derivatives and will have various derivative contracts, including Gift Nifty Bank and Gift Nifty IT. Open Interest in SGX Nifty of around $7 billion will move to Gift Nifty. Gift Nifty will be accessible for almost 21 hours, with trading hours and trackability remaining the same.

FTSE indices are expected to rename HDFC as HDFC Bank and maintain its current free float shares in the indexes after the merger. MSCI will continue with the half factor for the combined entity, resulting in passive trackers having to sell around $150-200 million. FTSE may also include HDFC Bank shares in its index if there is sufficient liquidity and no foreign ownership restrictions. Despite the merger being the largest in India's corporate history, the impact is expected to be minimal due to the size of the merged entity.

Sensex surges 350 points, hits fresh record high; Nifty above 19,050; Suzlon gains 5%, Zensar Tech 3%; L&T, Indiabulls Housing Finance, IDFC First Bank are some of the gainers in the morning trade.

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 Sun Pharma and Indusind Bank while Nooresh Merani has a buy/sell recommendation on L&T and JSW Steel for today's trading session. Check out the targets and stoploss.

From the Sensex pack, Power Grid and Asian Paints were the top gainers, rising 2-3%. Infosys, Tata Motors, Titan, Wipro, Bajaj Finance, and IndusInd Bank rose in early trade. On the flip side, only, Tata Steel, Nestle, and ICICI Bank traded with cuts.

Foreign institutional investors (FIIs) have invested $10 billion in Indian equities in the first quarter of FY24, leading to a rally in the stock market. Analysts believe that India is a preferred destination for investors looking for alternatives to China. The participation in the rally has been broad-based, with mid and smallcaps outperforming. With reasonable valuations, the Nifty index is expected to rally further and may reach 21,000. Encouraging progress of monsoons and a rate pause by the RBI are also boosting market sentiments. However, global geopolitical tensions and negative surprises in Q1 earnings could impact the market.

Brokerage firms have issued their recommendations on various companies. Motilal Oswal maintained a buy rating on ICICI Lombard with a target price of Rs 1550. Jefferies initiated a hold rating on Mankind Pharma with a target price of Rs 1830. Bernstein initiated an outperform rating on Delhivery with a target price of Rs 460. ICICI Securities initiated coverage on Suzlon with a buy rating and a target price of Rs 22. The firms cite factors such as industry growth, earnings potential, and market leadership in their recommendations.

In the Nifty500 pack, nine stocks crossed above their 200 DMA (Daily Moving Averages) on June 28, 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:

This bounce in stock triggered a breakout from the horizontal-trendline resistance, which invites buying opportunities.

The Indian market is expected to open higher but may consolidate at higher levels due to mixed global cues. The Sensex rose nearly 500 points and the Nifty50 closed at a fresh record high on Wednesday. India VIX increased by 1%, remaining below 11 zones which support the bulls. Options data suggests a trading range between 18600 and 19300 zones, with immediate support at 18888 and 18777 zones. Experts recommend buying stocks such as Quess Corp, Godrej Properties, L&T, JSW Steel, Sun Pharma, IndusInd Bank, and PFC.

In the Nifty 200 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on June 28, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.

Nifty futures on the Singapore Exchange traded 99 points, or 0.52 per cent, higher at 19,185, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

The stock price of this company had bottomed out in May and formed a higher low, thereafter. Now it has given a trendline-resistance breakout on a closing basis. The candle formed can be considered a bullish Marubozu. The surge in volume over the past few sessions is supportive of the breakout. The stock is expected to be propelled higher and to challenge its previous peak.

Equity benchmarks reached all-time highs on Wednesday, driven by foreign investment and a rally in developed markets. Stocks such as Titagarh Wagon, Titan, and Quess Corp gained on Wednesday, prompting recommendations from Riches Vanara, Technical And Derivatives Analyst at stoxbox. While Titagarh Wagon shows constructive base formation, caution is advised due to overheated price momentum. Titan, on the other hand, shows positive price action and bullish momentum, making it a buy with strong support levels. Quess Corp has broken resistance and consolidation zones, indicating a buy opportunity with supportive volume.

LTP as on June 28: Rs 47.1| Change over the previous day: -1.8%

In the Nifty500 pack, nine stocks 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 June 28.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone. So, here are major stocks with m-cap over Rs 1000 crore that have established a Inverted Hammer pattern in Wednesday’s trade and signify a bullish reversal. (Source: StockEdge)

Analysts at Citigroup believe that Apple Inc. still has the potential to rally another 30%, even after recent gains that took the company's valuation close to $3 trillion. Atif Malik, an analyst at Citigroup, started coverage of Apple with a buy rating and a $240 price target, the highest among Wall Street analysts. Malik believes that the Street is underestimating the potential for continued gross margin expansion at Apple, driven by a shift towards higher-end iPhones and further market share gains in China and India.

The yen weakened to below 145 per dollar, its lowest level in over seven months, amid concerns of potential intervention from Japanese authorities. The yuan also faced pressure due to a faltering economic recovery in China. Speculation has arisen that the Japanese authorities may intervene as the yen nears the level of 145 per dollar, which prompted intervention in September. Meanwhile, in China, factory survey data showed that manufacturing activity contracted for a third consecutive month in June. The onshore yuan reached its lowest point since November.

The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase & Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion.