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.

Asian shares were subdued on Thursday as central banks expressed concerns about rising inflation and the need for further rate hikes, leading to fears of official intervention. Markets in Singapore, India, and Malaysia were closed for holidays. Chinese blue chips and Hong Kong's Hang Seng index fell, while Japan's Nikkei gained. The offshore yuan remained weak, and US shares were mixed. Federal Reserve Chair Jerome Powell stated that the Fed will likely raise rates further and projected inflation wouldn't stabilize until 2025. The market awaits the US Personal Consumption Expenditures index reading on Friday. The US dollar was stable, and the yen regained some strength. Oil prices were flat, and gold prices rose slightly.

India's markets regulator said on Wednesday it had strengthened disclosure requirements for a set of "high-risk" offshore funds investing in local markets to guard against possible circumvention of regulations on mandatory public share holding. The move, which is aimed at unraveling opaque structures through which some offshore funds invest in India-listed companies, follows investigation of suspected violations by Adani Group, including its flagship Adani Enterprises. Sebi also approved reducing the IPO-listing timeline to three days, mandating enhanced disclosure requirements for certain classes of foreign portfolio investors and strengthening the investor grievance handling mechanism.

The Securities and Exchange Board of India (SEBI) has approved stricter disclosure rules for foreign portfolio investors (FPIs) to prevent misuse of overseas investment routes and violations of shareholding regulations. The new rules require FPIs to make additional disclosures on ownership, economic interest, and control of funds. The move comes amid SEBI's ongoing investigation into allegations of infringements by the Adani Group. SEBI also approved a proposal to reduce the interval for listing shares after a public offering to three days, instead of the current six days. The revised timeline will be implemented in two phases.

The Nasdaq closed slightly higher on Wednesday, supported by megacap stocks, while the S&P 500 and Dow closed lower after Federal Reserve Chair Jerome Powell signaled more rate hikes. Powell stated that he did not see inflation falling to the central bank's target rate "this year or next year." Despite Powell's comments, investors remained confident due to signs of strength in the economy, with the labor market remaining resilient. The Dow fell 0.22%, the S&P 500 lost 0.04%, and the Nasdaq added 0.27%. Traders now see a 79.4% chance of a rate hike in July.

The overnight call money rates in India surged above the Reserve Bank of India's repo rate, indicating a shortage of funds among banks. The weighted average call rate closed higher than both the Marginal Standing Facility rate and the prevailing repo rate. The increase in money market rates is due to a decline in surplus liquidity in the banking system. The hardening rates have led to an increase in the cost of funds in the banking system and the broader economy. Advance tax outflows are a major factor behind this movement.

Apple's stock reached a record high close and came close to a $3 trillion market cap. The company's shares rose 0.6% to $189.25, giving it a market value of $2.98 trillion. Apple has yet to end a trading session above $3 trillion but briefly surpassed that mark in intra-day trading. The increase in Apple's stock follows a strong rebound in tech heavyweights and optimism around artificial intelligence. Despite a drop in revenue and profits, Apple's strong track record and stock buybacks make it a safe investment. The stock is now trading at about 29 times expected earnings, its highest multiple since February 2022.

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.

The Adani Group has sold shares in Adani Enterprises and Adani Green Energy through an open market transaction, raising ₹8,372 crore ($1 billion). GQG Partners acquired shares worth ₹1,100 crore in Adani Green Energy. The sale resulted in an increase in GQG's holdings in Adani Enterprises and Adani Green. The Adani family is believed to have used the proceeds to repay outstanding loans. The group has lost significant market value since January, following allegations of fraud and price manipulation by Hindenburg Research.

The Indian banking system is well capitalized to absorb macroeconomic shocks, according to a stress test conducted by the central bank. In a severe stress scenario, bad loan ratios may rise to 5.1%. However, under the baseline scenario, bad loan ratios are expected to improve to 3.6% by March 2024. The report also highlights that banks' asset quality has improved, with gross bad loan ratios reaching a 10-year low of 3.9% in March 2023. The central bank warns that high inflation and rising interest rates can impact borrowers' repayment capacity.

Stock markets will be closed on Thursday due to the observance of Bakri-Id, resulting in a total of 15 annual holidays in 2023. The multi-commodity exchange will also have a half-day closure. The ideaForge IPO subscription period has been extended by a day. Despite the market holiday, benchmark indices reached record highs earlier in the week, prompting experts to advise investors to focus on long-term asset allocation rather than timing the market.

Sebi has decided to revamp its complaint redressal system in order to strengthen the investor grievance handling mechanism. Measures include linking the Sebi Complaint Redress System with the Online Dispute Resolution Mechanism and reducing timelines. Additionally, the board has approved amendments to regulations pertaining to Non-Convertible Debt Securities (NCDs), which will come into effect from January 1, 2024. Sebi hopes these measures will improve transparency and boost the corporate bond market.

The S&P 500 and Nasdaq rose as gains in tech giants like Apple and Microsoft offset concerns about the Federal Reserve's interest rate hikes. Apple reached an all-time high, while other tech companies like Amazon, Alphabet, and Tesla also saw gains. The market was focused on the technology sector, particularly AI, which has raised its valuation significantly compared to the rest of the market. The Fed signaled that it could hike rates again in July, leading traders to predict an 81.8% chance of a rate increase.

HDFC, the promoter company, has increased its stake in subsidiary HDFC Life through bulk deals. HDFC purchased 1.65 crore shares at an average price of Rs 674 apiece, following a previous acquisition of a 0.7% stake in HDFC Life through open market transactions.

Promoter entity Advanced Vital Enzymes Pvt Ltd has sold a partial stake in Advanced Enzyme Technologies through bulk deals. The promoter offloaded 2.28% of the company's equity shares, earning about Rs 68 crore. ICICI Prudential Mutual Fund also picked up a stake in the company. Advanced Enzyme Technologies is a leading Indian enzyme company engaged in research, development, manufacturing, and marketing. The company has state-of-the-art facilities across India, the US, and Europe. Its revenue from operations rose 5% and consolidated EBITDA increased 6% in the March quarter. The company is focusing on human nutrition, animal nutrition, and bio-processing divisions.

Sebi has approved a proposal to reduce the time period for listing shares for initial public offerings (IPOs) from 6 days to 3 days. The new timeline will be implemented in two phases, with voluntary compliance starting from September 2023 and mandatory compliance from December 2023. The move aims to simplify the IPO process and benefit both issuers and investors by allowing issuers to receive funds and allottees to receive securities more quickly

The revised timeline of T+3 days will be made applicable in two phases

These include FPIs holding more than 50% of their Indian equity AUM in a single Indian corporate group or FPIs that individually, or along with their investor group hold more than Rs 25,000 crore of equity AUM in the Indian markets.

The revised timeline of T+3 days will be made applicable in two phases

Sebi has closed its investigation into the National Stock Exchange (NSE) and NSE Clearing Ltd after they reached a settlement agreement regarding a trading glitch in 2021

On Wednesday, the benchmark index Sensex experienced a surge of about 500 points to end at a fresh record high of 63,915. Amid this rally, 8 stocks listed on the BSE commodities index reached new highs for the 52-week period. The 52-week high holds significance for specific traders and investors, as it acts as a crucial technical indicator for evaluating the present value of a stock and for predicting potential price fluctuations. It represents the highest price at which a stock has traded over the past year

Federal Reserve Chairman Jerome Powell, reiterating that most central bankers still see two rate rises happening this year, did not rule out more rate hike action at the central bank's next meeting, in comments Wednesday.

Three individuals on Wednesday settled with markets regulator Sebi alleged violations of Securities Contracts rules in the matter of former officials of Metropolitan Stock Exchange of India Ltd (MSEI) after collectively paying over Rs 33 lakh towards the settlement amount.

Following the bulk deals, shares of Adani Enterprises ended 5.34% higher at Rs 2,403.65 on BSE while that of Adani Green ended 0.16% lower at Rs 958.40.

Euro zone banks are reporting a rise in arrears on loan payments while the benefit of higher interest margins could also start fading soon, European Central Bank supervisory chief Andrea Enria said on Wednesday.

Dow falls 45.36 points. S&P 500 opens lower by 10.93 points and Nasdaq Composite drops at the opening bell

In a Rs 4,140 crore bulk deal, SB Adani Family Trust sold 1.8 crore shares of Adani Enterprises at Rs 2,300, NSE data shows

The Indian government is set to inject multi-billion-dollar equity in its three big state refiners - Bharat Petroleum, Indian Oil Corp and Hindustan Petroleum Corp Ltd - in return for funding towards the firms' energy transition projects.

The Nifty Midcap index saw multiple stocks reach new 52-week highs, demonstrating resilience amidst market uncertainties. Notable performers include Coforge, Trent, Godrej Properties, Lupin, Aurobindo Pharma, Zydus Lifesciences, Power Finance Corporation, and Aditya Birla Capital. These companies showcased strong performance, driven by factors such as navigating the digital landscape, capturing consumer demand, capitalizing on housing needs, innovative healthcare solutions, dedication to research and development, healthcare solutions, strategic investments in the power sector, and diverse financial services.

Equity investors in India gained Rs 3.43 lakh crore ($46.2 billion) in just two days as the benchmark Sensex index reached a record high of 64,050.44 points. The market capitalisation of BSE-listed firms increased by Rs 3,43,718.15 crore ($46.3 billion) to reach Rs 2,94,11,131.69 crore ($3.97 trillion). Factors driving the rally include strong institutional flows, positive macroeconomic indicators, and robust earnings growth. In addition, domestic and foreign investors have been turning positive on risk assets due to falling inflation and expectations of an end to interest rate hikes.

The Nifty has reached a fresh lifetime high above the 19,000 level, forming a long bull candle on the daily chart. The positive chart pattern indicates a higher top formation, but the higher top reversal has not been confirmed. The support levels are at 18,888 and 18,777, while resistance levels are at 19,200 and 19,250. Volatility is holding below 11, supporting bullish sentiment. Option data suggests a trading range between 18,600 and 19,300. Traders are advised to stay upbeat and focus on beaten-down sectors.

Several stocks such as Titan Company, Dr Reddy's Laboratories, Tata Motors, JSW Steel and NTPC have reached their 52-week highs as Nifty breached the 19,000 mark. Dr Reddy's Laboratories has impressed investors with its stock price reaching Rs 5,119.40 and a PE ratio of 18.9. Titan Company's expertise in luxury goods has driven its stock price to Rs 3,044.40 with a high PE ratio of 82.8. Tata Motors and JSW Steel also experienced significant surges, while NTPC offers value proposition for investors. This surge reflects the positive sentiment in the market.

Investors are optimistic about the stock market as several stocks show increased delivery percentages and strong trading volumes. NHPC, Union Bank of India, Vedanta, Lupin, Devyani International, Indian Bank, and ACC have all experienced rising delivery percentages compared to the previous day and month, along with robust trading volumes. This reflects growing investor enthusiasm and confidence in these stocks and suggests positive sentiment towards their future prospects.

The Indian market soared to a new all-time high, with the S&P BSE Sensex surpassing 64,000 and the Nifty50 reaching 19,011. Sectors such as capital goods, power, healthcare, auto, and oil & gas witnessed buying activity. Stocks like Tata Motors, BLS International, and JBM Auto gained significantly, hitting fresh 52-week highs. Analysts suggest that while Tata Motors may have experienced a base breakout, better opportunities may be found elsewhere due to the absence of significant earnings growth triggers.

Marking a third round of investment in Adani stocks in the last four months, US-based GQG Partners and others on Wednesday bought around $1 billion worth of the conglomerate's stocks, according to a report. GQG and other investors have bought $1 billion of additional stakes in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

Amara Raja Batteries, Eureka Forbes, and Infibeam Avenues have shown Doji and Near Doji patterns, indicating market indecision. Amara Raja Batteries may experience a trend reversal, while investors examining Eureka Forbes should consider financials and market conditions. Infibeam Avenues has potential for a Near Doji pattern. Monitoring stock prices and market sentiment can provide insights into future performance.

On February 24, 2021, NSE had halted trading in all its segments following a technical glitch which had an adverse impact on the NSE system. Following this, the capital market regulator investigated the matter of failure of systems of both NSE and NSE Clearing to ascertain if there was any violation of regulations.

PKH Ventures, a Mumbai-based company involved in construction, hospitality, and management services, is set to list on the bourses. Long-term investors may benefit from investing in the company if it shows stable and sustained growth. However, investors should consider its limited and chequered operating history, presence in unrelated businesses, and high valuation. The IPO consists of a fresh issue of Rs270 crore and an Offer For Sale of Rs109 crore by the promoters. The company operates in construction, hospitality, and management services, and has shown revenue growth and improved net profit. The issue seems to be fully priced, with a high price-earnings (P/E) multiple compared to peers in the construction industry.

ITC is considering a new structure for its hospitality business due to concerns over high capital expenditure and weak returns. The hotel business contributes less than 5% of ITC's revenues but accounted for over 20% of its capital expenditure in the past. However, the segment has recently shown signs of improvement, with the hotels business recording strong revenue growth and returning to profitability. ITC has been focusing on an asset-light strategy, with over half of its room inventory now through management contracts. Jefferies has raised ITC's target price to Rs 530 due to improving profitability in the hotel business.

The funds will be raised subject to receiving all the statutory approvals, the company said in an exchange filing​​.

Closing Bell: Sensex ends at record high, surges 499 pts; Nifty near 19K on F&O expiry; Adni Ent rallies 6%, IndiGo 3%.

Despite Nifty crossing the 19,000 mark for the first time with $10 billion in foreign institutional investor inflows, global brokerage firm CLSA remains cautious on Indian equities. According to CLSA, the reasons for their cautious stance include rich valuations, margin erosion, overly optimistic earnings growth expectations, the Reserve Bank of India lagging behind other emerging market central banks in policy easing, and overbought conditions in the market. CLSA believes that other emerging markets such as Brazil, Mexico, and Indonesia are better positioned for policy easing.

Shares of IndiGo, the aviation major, surged over 4% on Wednesday, pushing its market capitalization above Rs 1 lakh crore. The stock has been performing well, with a gain of nearly 29% this year and about 60% in the last year. IndiGo's recent order to buy 500 narrow-body planes from Airbus has further boosted investor confidence. The airline currently operates over 300 aircraft and has a total order book of almost 1,000 aircraft to be delivered by 2035.

Benchmark indices BSE Sensex and Nifty 50 reached new lifetime highs, resulting in positive market sentiments. Nearly 40 Nifty 500 stocks reached their 52-week highs. However, there are some stocks trading at significant discounts from their 52-week highs. These include Balaji Amines, Bank of India, Brightcom Group, Campus Activewear, Central Bank of India, City Union Bank, Crompton Greaves Consumer Electricals Ltd., Deepak Fertilisers & Petrochemicals Corporation Ltd., Delhivery, and EID Parry (India). Investors should evaluate the financials and growth prospects of these stocks.

MACD or Moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between 2 moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. So, here are the 4 stocks with m-cap over Rs 1000 crore signalling a buy based on MACD movement. 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.

Kamdhenu Ventures has approved the issuance of bonus shares to its investors in a 1:1 ratio. Shareholders will receive one additional fully paid-up equity share for each existing share held. The bonus shares will have the same rights as existing shares and will be eligible for dividends and other corporate actions. The record date to determine entitlement will be announced later. This move aims to increase liquidity and make the stock more affordable for investors. Following the announcement, Kamdhenu Ventures' stock price has risen nearly 11% on the NSE.

The Nifty Smallcap index experienced a significant increase today, with certain stocks in the segment reaching new 52-week highs. This surge emphasizes the untapped potential in the small-cap market, as investors recognize the impressive performance and achievements of select Nifty Smallcap stocks. Notably, Angel One, Can Fin Homes, Fertilizers and Chemicals Travancore, and Kalyan Jewellers have all achieved new highs, showcasing their ability to cater to evolving investor needs and deliver strong financial solutions. These stocks have established their positions in their respective industries through innovative offerings and strategic positioning.

In technical analysis, when a stock's price surpasses its 200-day Simple Moving Average (SMA), it is seen as a bullish signal. Several stocks, including Godrej Properties, Berger Paints India, Birla Corporation, Ceat, PI Industries, Astral, and Mahindra & Mahindra, experienced this event on June 27, 2023. This suggests potential upward momentum and reflects investor optimism about their growth prospects in various sectors such as real estate, paints, cement, tires, agriculture, and manufacturing.

The RSI of a stock is the ratio of the recent upward price movements to the absolute price movement. The value of RSI ranges between 0-100, and the data computes the value of RSI taking 14 days as the reference period. So, here are the stocks whose RSI has crossed 70 from below and suggests an overbought state. (Source: StockEdge)

We are about to enter the July-September quarter. Over the past three years, during this particular quarter, the benchmark index Sensex has provided returns of 9%, 13% and 8%. ETMarkets has identified eight stocks that have consistently delivered a minimum of 40% return in each of the September quarters over the last three years. To narrow down the selection, we only considered stocks with a market capitalization exceeding Rs 500 crore. Interestingly, a couple of stocks from the list have even achieved multibagger status on a few occasions within that three-month period. Take a look. (Data Source: ACE Equity)