Bank shares rallied after passing the Federal Reserve's stress test, boosting the Dow and the S&P 500. Strong economic data also fueled expectations of further interest rate hikes. Treasury yields rose as recession fears eased, leading investors to focus on economically sensitive sectors. However, concerns that the Fed would maintain higher interest rates for longer dampened some rate-sensitive growth sectors. The S&P 500 banks index closed up 2.6%, and the relief rally also lifted the KBW Regional Banking index by 1.8%. The Dow rose 0.8%, while the S&P 500 gained 0.45%. The Nasdaq Composite ended slightly lower.

“This stock has recently witnessed a breakout from a consolidation range of 480-625 and is likely to retest the record high soon. We thus recommend creating fresh longs for a target of Rs 740 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Promoter company Housing Development Finance Corp (HDFC) has further bought 0.77% stake in its subsidiary HDFC Life through bulk deals on Wednesday.

An inflation print higher than the mandated band of 2-6% puts household debt portfolio of many retail borrowers at risk, the central bank said.

Lenders could recover more than ₹10,000 crore, or about 40% of verified claims, under the proposal from IndusInd International Holdings Ltd (IIHL). As much as 99.6% of the lenders favoured the plan as the voting ended Thursday, they said.

If banks were to mark-to-market all bond portfolios including those they have committed to hold on to till maturity, a chunk of the stellar profits they recorded last year would have been eroded.

The lender has valued the investment bank's shares at ₹628.09 apiece, a premium of 2.25% to Wednesday's closing price, and more than 11% to its undisturbed price before the plan was announced on Sunday.

These are some of the questions wealth managers are flooded with of late as investors look at ways to participate in the record-breaking up-move in the market. Investment advisors are, however, recommending caution and advising against making bulky purchases in stocks or plain vanilla equity mutual funds at this juncture because the markets at all-time highs are expensively valued.

Fintech companies say that such an extension will allow more skin in the game and give banks the confidence to enter into more such tie ups.

Four special resolutions, including on the appointment of an independent director and alteration of the company's articles of association, moved at the annual general meeting of the industrial explosives and ammunition manufacturer last week, were defeated amid a fight between two brothers: Satyanarayan and Kailash Chandra Nuwal.

MCX hired TCS in September 2021 to design and deploy software for securities trading and market infrastructure. The new software was to replace the existing software before the end of its contract with 63 Moons on September 2022.

This is the second time the sale of this distressed asset has encountered obstacles, following a Morgan Stanley-run fund's withdrawal from a deal to purchase it a year ago.

Textile industry player KPR Mills has reached a new 52-week high in June. Experts suggest that short-term traders should consider buying the stock, with a potential target of over Rs 700 in 1-2 months. The stock recently broke out of a consolidation range and is trading above important moving averages, indicating a positive trend. The experts recommend creating long positions in the range of Rs 660-680, with a stop loss below Rs 625.

Bank shares in the US rose after major lenders cleared the Federal Reserve's annual stress test, boosting stock indexes. Bank of America, JPMorgan Chase, Goldman Sachs, and Wells Fargo all saw gains after the health check showed they had enough capital to withstand economic difficulties. Strong economic data also contributed to the positive market sentiment.

AI is revolutionizing the capital markets, leading the second wave of innovation in finance. Before AI, traders relied on stock analysts and media coverage for investment decisions. The rise of online trading platforms democratized the sector, eliminating high brokerage fees. Now, AI-powered trading platforms use advanced algorithms to analyze and predict stock market movements, providing valuable insights for investors.

The Nifty50 Index is trading near its all-time high levels and has rallied by 11% following positive market sentiments. FPI flows into Indian equities have turned positive due to the upgrade in GDP growth forecasts and stability in the currency. Commodity prices have weakened, leading to the possibility of stable or lower inflation, which could result in a rate cut later in the year. Macroeconomic data supports continued strength in Indian equities, with surveys indicating strong activity levels and improving consumer sentiment. The index is expected to reach 21,000 based on earnings growth and improving macro conditions.

FTSE Russell is expecting HDFC Bank to replace Housing Development Finance Corporation (HDFC) in the FTSE Global Equity indices after the completion of their merger. In non-market capitalisation weighted indices, HDFC will be removed but HDFC Bank will not be added. A tentative completion date for the merger has been shared, and once it is effective, FTSE Russell will issue a notice

Blue-chip Nifty 50 and Sensex indexes rallied to hit record highs on Wednesday, lifted by gains in Adani group stocks and heavyweight financials on the back of persistent foreign buying, stable macros and steady corporate earnings. Both Nifty and the BSE Sensex notched fresh all-time closing highs, with the former closing 0.82% higher at 18,972 and Sensex settling at 63,915. Broader markets also had a good run.“The current upward momentum could continue and the 19,000-19,200 band could be the next resistance for Nifty in the near term. 18,646 could be the support on corrections, Deepak Jasani, Retail Research Head, HDFC Securities, said.Here are stock the recommendations for Friday:

Institutional shareholders are increasingly voting against resolutions passed by company managements, indicating a growing trend among investors to make their voices heard. In FY23, over 20% of institutional shareholders opposed 1,833 resolutions, a 44% increase over the previous year. For Nifty50 companies, resolutions with over 20% dissenting votes increased by 35% YoY. The rise in advocacy is attributed to mandatory e-voting, stewardship codes, proxy firms, and increased institutional holding. Despite the dissent, the majority of resolutions still passed due to high promoter holding.

India’s fifth largest stock broker ICICI Securities on Thursday announced that it will become a wholly-owned subsidiary of its parent company ICICI Bank upon delisting. As part of the acquisition, which is akin to merger but not merger, public shareholders of ICICI Securities would be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company.

Bank stocks rise after major lenders cleared the Federal Reserve's annual stress test

Hindustan Unilever (HUL) shares are trading near their 52-week high but lack momentum due to a strong resistance zone around 2,700-2,720. Until this resistance is broken, the stock is expected to trade sideways. Technical analysts suggest a strong support at the 200-day SMA of Rs 2,550-2,560. Momentum indicators show potential upside, but it is important to note that the stock has trailed the Nifty FMCG index. Several brokerages recommend HUL as a preferred stock in the FMCG space due to low inflation and improved margins.

Securities and exchange board of India, or SEBI as we know it, recently- approved - a range of measures in its board meeting. These measures have been taken to strengthen the securities market and the Corporate Governance of listed entities. Watch!

​Sebi also wants regulated entities like brokers, mutual funds and exchanges to stop dealing with unregistered finfluencers. After a board meeting on Wednesday night, Sebi chairperson Madhabi Puri Buch said a discussion paper to regulate financial influencers will be out in the next couple of months.

ECB President Christine Lagarde on Wednesday cemented expectations for a ninth consecutive rise in euro zone rates in July.The ECB has raised rates at each meeting over the past year, taking its deposit rate to 3.5%, and promised more tightening as it attempts to curb inflation still running at three times its 2% target

June quarter earnings of domestic IT companies are expected to be soft, but a revival is anticipated in the second half of FY24, according to ICICI Securities. The brokerage remains optimistic on the prospects of Infosys, Persistent Systems, and Tata Consultancy Services (TCS), recommending a 'buy' and upgrading HCL Technologies to 'add'. LTIMindtree, Happiest Minds, and Tech Mahindra have been downgraded. ICICI Securities expects a resilient tech spend demand over the medium-to-long term, with triggers for growth including healthy guidance from SaaS players and a stable or growing deal pipeline. Risks include potential negative impacts of Generative AI on pricing and margins.

The Securities and Exchange Board of India (Sebi) has released a consultation paper proposing a framework for delisting of Non-Convertible Debentures (NCDs) by listed entities, which includes corporates, REITs, and InvITs. The proposed regime requires unanimous consent from all NCD holders prior to delisting. The paper also raises concerns about the impact on issuers' flexibility to raise debt and potential issues with the rights of certain investors upon delisting. Clarifications are needed to exclude REITs and InvITs from the framework. The current listing regime allows exit options for issuers and investors after one year, but the paper does not provide clarity on delisting options before this period. There could be tax implications for investors if listed NCDs are delisted. Overall, while introducing a delisting mechanism for NCDs is a positive step, the proposed framework may not be suitable for the complex regulatory landscape in India.

As a wise investor, staying up-to-date with important market news is essential. In that vein, it's vital that you are aware of the mega-merger between HDFC and HDFC Bank. Familiarizing yourself with the details can help you make informed decisions about your investments.

Public shareholders of ICICI Securities will be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company. The delisting is due to regulatory restrictions on the bank from undertaking securities broking business.

The Nifty 50 has been experiencing a time correction for the past 20 months, trading within a narrow range. This has frustrated investors, but the market is expected to return to its normal course in due time. The prolonged stagnation can be seen as an opportunity cost, as alternative investments could have earned a risk-free 6-7% return. However, the time correction has resulted in more comfortable valuations, with earnings improving and inflation showing signs of easing. Major central banks have also paused rate hikes. Overall, investors should remain patient and unaffected by the time correction.

The Securities and Exchange Board of India (Sebi) is preparing a discussion paper to regulate unregistered financial influencers, or finfluencers, who offer investment advice to the public. Sebi's chairperson, Madhabi Puri Buch, stated that the paper should be ready for public comments within the next few months. The move follows the income tax department's issuance of notices to top social media influencers for unpaid taxes and recent searches on the top YouTubers in Kerala for similar offenses. Sebi aims to regulate finfluencers who offer unsolicited investment advice without proper registration.

Target Accrual Range Forwards (TARFs) are financial instruments that allow investors to hedge against currency risk or speculate on currency movements. They strike a balance between stability and potential gains in foreign exchange transactions, making them useful for companies engaged in international trade, investors with currency exposure, or currency speculators

Public shareholders of ICICI Securities will be allotted 67 equity shares of ICICI Bank for every 100 equity shares of the company. The delisting is due to regulatory restrictions on the bank from undertaking securities broking business.

Shares of H&M climbed 7.3% to an over one-year high after the world's second-biggest fashion retailer topped expectations for quarterly operating profit and said its third-quarter sales were also off to a good start.

Target Accrual Range Forwards (TARFs) are financial instruments that allow investors to hedge against currency risk or speculate on currency movements. They provide exposure to foreign exchange rates while limiting potential losses within a predetermined range. TARFs involve exchanging currencies at a target rate, but if the reference rate moves outside the target range, the exchange rate becomes variable. TARFs strike a balance between stability and potential gains in foreign exchange transactions, making them useful for companies engaged in international trade, investors with currency exposure, or currency speculators. It's important to understand the specific terms and conditions before engaging in TARFs.

The Nikkei share gauge in Japan extended gains for a second session due to a weaker yen, benefiting exporters. The Nikkei rose 0.12% to close at 33,234.14. Meanwhile, the broader Topix index slipped 0.1% to 2,296.25. Despite profit-taking by some investors, shares of Nissan Motor and Suzuki Motor surged as the yen's slide boosted the value of their overseas sales. SoftBank Group also climbed after its telecom unit announced plans to invest in developing artificial intelligence. The yen's depreciation has resulted in profits for businesses operating outside the country.

A report by Nuvama suggests that consumption stocks in the FMCG segment, two wheelers, and cement sectors are likely to benefit from El Nino, while agricultural businesses could suffer. The report highlights how the poor monsoon and weak farm output caused by El Nino in FY 2015-16 led to a slowdown in rural wages and consumption.

A report by Nuvama suggests that consumption stocks in the FMCG segment, two wheelers, and cement sectors are likely to benefit from El Nino, while agricultural businesses could suffer. The report highlights how the poor monsoon and weak farm output caused by El Nino in FY 2015-16 led to a slowdown in rural wages and consumption. However, falling input prices boosted margins of FMCG and 2Ws, helping them outperform, while agri-oriented businesses underperformed. The report also provides a model portfolio with overweight positions in FMCG, healthcare, IT, domestic auto, and telecom & internet.

Proxy advisory firm Stakeholders Empowerment Services (SES) has raised concerns over the presence of cardiologist Dr. Naresh Trehan as an independent director on the boards of Devyani International and Varun Beverages. Devyani International operates fast-food chains such as Pizza Hut and KFC, while Varun Beverages is a major franchisee of Pepsico. SES advises shareholders of Devyani International to vote against certain resolutions due to a potential conflict of interest. The report questions whether Dr. Trehan's position on the boards conflicts with his professional stance on promoting healthy lifestyles. Requests for comment from Dr. Trehan and Devyani International remain unanswered.

The last IPO from Tata Group was for Tata Consultancy Services or TCS as well know it that came in July 2004. This would be the first public issue from the Tata Group after 19 years! So what makes this IPO special? Watch the video to find out more about this IPO.

As the headwinds for the auto sector start to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Shares of Permanent Magnets have provided substantial returns to investors over the past decade, rising by 11,940%. Holding Rs 10,000 in the stock for 10 years would have resulted in a value of nearly Rs 12 lakh. The company, with a market capitalization of approximately Rs 1,050 crore, is a top manufacturer of Alnico Cast Magnets and Yoke Assemblies. The latest shareholding pattern shows promoters owning 58.01% of the stake, with retail investors holding 21%. Analysts suggest buying the stock on dips near Rs 1,170 levels, as it is in an overbought zone.

One by one each sectoral index is touching a new high, except one which is Nifty IT index, clearly indicating that bulls are not only in control of the street but also every corner of the street. These stocks have seen their score improvement and some of them have even moved out of negative territory over the last one month. 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.

While companies like Page industries have been well known for years. There are other companies in branded space which are not exactly in the same space but in similar space. The broad matrix of raw material prices, distribution and strength of the brand which governs their top and bottom line is very much the same. Also the list includes companies in the apparel export space.

Adani Total Gas Ltd, a joint venture between Adani Group and TotalEnergies, will invest Rs 18,000-20,000 crore in the next 8-10 years to expand its infrastructure for retailing CNG and piping gas to households and industries. It currently has 460 CNG stations and serves 7 lakh consumers of piped cooking gas. The company aims to tap into the growing demand for cleaner fuel and plans to build over 1,800 CNG stations in the next 7-10 years. It is also diversifying into compressed biogas and EV charging.

As RBI noted in the latest edition of its Financial Stability Report released on Wednesday, scheduled commercial banks' net non-performing assets (NPA) ratio fell to a 10-year low of 3.9% in March 2023. Here's a list of 9 banks that saw a decrease in NPA in Q4FY23, as per Trendlyne data.

Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company, advises investors to invest in the long-term growth story of India without the fear of missing out. He believes that the valuations are not at all-time highs despite the benchmarks reaching their highest levels. Shah attributes India's positive outlook to the resolution of various concerns and sees the country as an economic oasis. He advises investors to stay invested as India is on the cusp of greater wealth creation in the next decade.

Nilesh Shah, Managing Director at Kotak Mahindra Asset Management Company, advises investors to invest in the long-term growth story of India without the fear of missing out. He believes that the valuations are not at all-time highs despite the benchmarks reaching their highest levels. Shah attributes India's positive outlook to the resolution of various concerns and sees the country as an economic oasis. He advises investors to stay invested as India is on the cusp of greater wealth creation in the next decade.

“We like Auto & Auto ancillary, Consumer, Healthcare, Industrials, chemicals, and IT & telecom. We are quite watchful of sectors such as financials. We strongly believe that the next decade will be of India, and manufacturing will be at the forefront of it,” Mrinal Singh, CEO, and CIO - InCred Asset Management, said.

India's domestic stock benchmarks, the Sensex and the Nifty, reached new highs, driven by increased investments from foreign investors who view India as a bright spot in the global economy. The Adani Group, along with stocks in the metals, auto, and financial sectors, led the surge. However, analysts have cautioned that India's equity valuations have become rich, which may limit further upside potential. Foreign portfolio investors turned net buyers after several sessions of selling, contributing to the rally. Overall, sentiment is positive in global equities following upbeat US economic data.