Consistent gains for three sessions saw the Nifty50 scale a record high and hit the 19,000 mark for the first time ever while its BSE counterpart Sensex surged past the 64,000 mark. In three sessions, investors turned wealthier by over Rs 3 lakh crore, and the bulls are still counting money.

BEML shares surged 4.2% after the company secured a Rs 385 crore order from Bharat Dynamics and Bharat Electronics for the supply of High Mobility Vehicles. The stock has risen 7% year-to-date and 28% in the last year, delivering over 150% returns to investors in the last three years. Analysts have an average target price of Rs 1,898, implying a potential upside of 17%. In Q4 FY23, BEML reported an 18% increase in profit and a decline in consolidated revenue from operations. The government of India holds 54.03% of the company's shareholding.

The BSE Bankex showed positive momentum, gaining 0.47% and reaching 50,122.15. HDFC Bank played a significant role in driving the index higher, followed by State Bank of India, IndusInd Bank, Axis Bank, and ICICI Bank. These top-performing stocks showcased the resilience of the banking sector. However, Kotak Mahindra Bank, Bank of Baroda, Federal Bank, and AU Small Finance Bank experienced declines, affecting the overall performance of the index. Investors should monitor these stocks for long-term investment potential.

Commenting on Nifty scaling a new lifetime high, Santosh Meena, Head of Research, Swastika Investmart, said that the 50-stock index surged to an unprecedented all-time high on account of solid fundamentals of the Indian economy and the consistent stability in global cues witnessed recently.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

Experts suggest that the stock price of Balkrishna Industries, a company in the tyre and rubber product industry, has broken out from a descending triangle pattern, indicating a potential increase towards Rs 3,000 levels in the medium term. The stock has been consolidating recently but has rallied by about 20% in the last three months. The stock is trading above important moving averages, and technical indicators such as the Relative Strength Index (RSI) and MACD are showing bullish signals. Experts recommend purchasing the stock with targets of Rs 3,220 and Rs 4,125 in the next four to six months.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

Investors are keenly watching a panel discussion of central bankers in Sintra, including European Central Bank President Christine Lagarde, Federal Reserve Chair Jerome Powell and Bank of Japan Governor Kazuo Ueda.

As nifty touches all time high, more small caps stocks are likely to join the party. Infact for last many weeks, even on days when select stocks are bringing nifty under pressure, breadth of small cap seems to be holding out. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.

The onset of the monsoon, the merger completion announcement by HDFC Bank and Housing Development Finance Corp, and rollovers ahead of the expiry of the June derivative series are some of the factors contributing to the gains in the market.

The Indian stock market experienced a significant increase on June 28, with the BSE Sensex reaching a new all-time high. This surge was driven by the performance of heavyweight stocks like Reliance Industries, HDFC Bank, Infosys, Larsen & Toubro, and HDFC. These companies, representing various sectors, showcased strength and resilience, attracting investor interest. Investors should closely monitor their performance and consider their potential for long-term investments.

Tokyo shares rose on Wednesday as stronger than expected US economic readings and a weaker yen boosted investor confidence. The Nikkei 225 index gained 2.02%, while the Topix index increased 1.99%. Wall Street also saw gains as positive economic data alleviated concerns about a potential recession. Major Japanese stocks such as SoftBank Group, Sony Group, Toyota, and Fast Retailing saw significant gains. The yen's depreciation against the dollar further encouraged buying.

CLSA, a brokerage firm, has given an 'Underperform' rating on HDFC Life Insurance Company, stating that it sees limited potential for the stock's upside. CLSA has set a price target of Rs 680, predicting a 2% increase from the stock's closing price on Tuesday. While Jefferies and Kotak Institutional Equities have taken a 'Buy' stance on the stock with higher price targets, HDFC Life shares fell on Wednesday as investors looked to book profits. On Tuesday, HDFC bought an additional stake in its subsidiary HDFC Life through open market transactions.

Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. But all the efforts have now started to show some results. Given the performance of the stock, a large majority of these stocks have hold recommendations from the analysts.

The initial public offering (IPO) of Tata Technologies, one of the most awaited issues this year, has received regulatory approval. The dates for the launch are yet to be known and will most likely be in a couple of months. Here are 10 things to know about the IPO.

Adani Enterprises shares rose more than 3% in early trade on the NSE due to block deals. Meanwhile, shares of Adani Green Energy fell over 6%. Adani Enterprises' stock volume stood at over 1.91 crores. The stock has recovered 132% from its 52-week low. The company was the most active stock on the Nifty50 index. The founder of Adani Group blamed vested interests for the negative consequences of the Hindenburg report. Shares of other Adani Group companies were also trading positively.

From the Sensex pack, Tata Motors, SBI, Bajaj Finance, Bajaj Finserv, Infosys, Titan, and ITC opened with gains, while Power Grid, Kotak Mahindra Bank, Axis Bank, Tech Mahindra, NPTC and HCL Tech opened in the red.

GQG and other investors have bought $1 billion of additional stake in Adani Group stocks through block deals, ET Now reported quoting sources close to the matter.

Titagarh Rail Systems' shares rose 5% after the company secured orders worth Rs 857 crore from Gujarat Metro Rail Corporation. The orders are for designing, manufacturing, supplying, and testing 72 Standard Gauge Cars for the Surat Metro Rail Phase-I Project. The stock has delivered substantial returns, surging 125% year-to-date and 403% in the last year. Brokerage firm Antique Stock Broking initiated coverage on the stock with a "buy" rating and a target price of Rs 694, citing attractive risk-reward factors and long-term growth potential. The company plans to increase its wagon manufacturing capacity to 12,000 wagons per year by FY24.

Foreign institutional investors (FIIs) have invested over $10 billion in the Indian stock market, driving the Nifty to surpass 18,900 points. After being net sellers in the previous two years, FIIs have shown interest in Indian equities since March 2023. In comparison, domestic institutional investors (DIIs) have been selling, with only Rs 1,785 crore in buying. Factors contributing to India's outperformance include strong FII equity flows, increased mutual fund equity flows, rural and capex cycle recovery, and optimism surrounding the Indian Prime Minister's visit to the US. However, the reason behind the rally in midcap and smallcap stocks is uncertain, as they have significantly outperformed largecaps.

Mutual funds in India have enjoyed success with their holdings in certain stocks, which have seen significant appreciation in prices, according to data. At least 10 stocks have returned over 100% in the past year, with more than 50 mutual fund schemes holding these stocks. Some of the best-performing stocks include IDFC First Bank, Apollo Tyres, Equitas Small Finance Bank, Varun Beverages, and Hindustan Aeronautics. However, some brokerages have downgraded their ratings on these stocks due to concerns over valuations and limited upside potential.

MarketSmith founder, late William J O'Neil, was a stock market legend who pioneered the use of historical precedent based on both fundamental and technical analysis for equity investing. His philosophy centres on seven characteristics common to the greatest stock market winners of all time.Based on his idea, a custom screen made by MarketSmith emphasizes companies with strong earnings growth and relative price strength that are within 15% of their 52-week highs. It may be most effective in the early stages of a bull market when strong stocks are ready to emerge after general market pressure eases. Here are 8 Indian stocks that match William J O'Neil's methodology of equity investing, as listed on MarketSmith:

D-Street at record highs! Sensex jumps 200 points, Nifty above 18,900. Adani Ent, Wockhardt, Vodafone Idea are some of the gainers in the morning trade.

This stock from the finance sector is set to transform itself into a primarily retail franchise, which could lead to improvement in profitability and RoA expansion from FY25 onwards. Valuations are cheap providing an adequate margin of safety. We believe there is a potential upside of 20% from the CMP," Rahul Malani, Deputy VP - Research, Sharekhan by BNP Paribas, said.

From the Sensex pack, Tata Motors, SBI, Bajaj Finance, Bajaj Finserv, Infosys, Titan, and ITC opened with gains, while Power Grid, Kotak Mahindra Bank, Axis Bank, Tech Mahindra, NPTC and HCL Tech opened in the red.

The stocks of HDFC and HDFC Bank, which previously underperformed due to uncertainties regarding their merger, are now gaining attention as management expresses their desire for the deal to be effective from July 1. Technical analysts have set targets of Rs 2,000 for HDFC Bank and Rs 3,000 for HDFC. The merger is expected to be finalized on June 30, with the record date to be announced later. Following the announcement, both stocks experienced an increase of around 1.5%.

The Futures Short Position Scan conducted on Tuesday revealed Aggressive New Short positions on 5 major counters. This is a bearish indicator, as it signifies that the futures OI has increased while price has decreased. (Source: StockEdge)Aggressive New Short means the average traded quantity of a stock for 5 days along with its cumulative open interest have increased whereas the price has decreased. Here are 5 stocks displaying such a trend:

The Indian market is expected to trade higher following positive global cues. The Sensex rose more than 400 points while the Nifty50 closed above 18,800 levels. India VIX was down by 5.46%. Options data suggests a trading range between 18,700 to 18,950 zones. Nifty formed a bullish candle on the daily frame and has to hold above 18,777 zones to witness an up move towards 18,888 then 19,000 zones. Bank Nifty index formed a strong bullish candle as buying interest was seen across the banking space.

Top brokerage firm CLSA has maintained a buy rating on Bharti Airtel, SBI Life, and Tata Motors, while retaining its underperform rating on HDFC Life. CLSA believes that Bharti Airtel's rising data subscribers and ARPU growth are positive signs. SBI Life is expected to report a soft Q1 but is targeting strong growth in FY24. However, CLSA maintains that HDFC Life has little room for further upside. Jefferies has initiated an underperform rating on Gujarat Gas due to unfavorable propane economics. CLSA remains bullish on Tata Motors, with JLR retail volumes growing at a strong pace.

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 ICIC Bank and SBI while Vaishali Parekh has a buy/sell recommendation on Gujarat Pipavav and JSW Steel for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 52 points, or 0.28 per cent, higher at 18,863, signaling that Dalal Street was headed for positive start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

The stock price of this company had been consolidating after bottoming out in the month of March at Rs 881. Thereafter the price formed higher lows and is now testing the resistance of a falling trendline. Sustenance above the resistance is likely to start a bullish move in the short term. The recent surge in volume is supportive of the breakout.

Tuesday saw the markets in a positive light with the Nifty opening in the green but giving up some of the gains soon. It, however, picked up speed in the later half of the trading day. The headline index ended with a rise of almost seven-tenths of a percent.

On June 28, 2023, L&T Finance Holdings (L&TFH) and Manappuram Finance stocks were placed under the F&O ban. However, they were still available for trading in the cash market. The ban is imposed when the open interest on a stock exceeds 95% of the market-wide position limits, and is lifted when the open interest falls below 80%. These bans do not affect traders who trade in indices. The stocks were banned due to their high open interest, with L&TFH experiencing a significant increase from the previous session.

In the Nifty500 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on June 27, 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.

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

In the Nifty500 pack, seven stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 27, 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, eight 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 June 27.

A bearish reversal scan on the candlestick screener can help ascertain stocks which can slip downwards from an upward zone. So, here are 3 stocks that have established a Hanging Man pattern on Friday and signal a bearish reversal. (Source: StockEdge)

The decision to change the closing date is in view of the shift in the working day from Thursday, June 29 to Wednesday, June 28, the company said in its filing to the exchanges.​​

Equity benchmarks rebounded on Tuesday, with HDFC twins leading the rally. The BSE Sensex surged 446 points to close at 63,416, while the Nifty gained 126 points to reach 18,817. AB Capital, Sapphire Foods, and HDFC Bank were in focus, with recommendations from Viral Chheda of SSJ Finance & Securities. Chheda advises buying AB Capital, stating that the stock is moving above major averages and the Stochastics Oscillator is in an upward trend. He also suggests buying Sapphire Foods and HDFC Bank, citing positive price movements, increasing volumes, and upward trends in the Stochastics Oscillator.

Asian shares experienced hesitation due to conflicting factors such as positive U.S. economic news and global growth concerns. The yen hit a 15-year low against the euro and Japan hinted at intervention to prevent further losses. The strength of the U.S. data and hawkish commentary from the European Central Bank undermined bonds, narrowing the odds on further rate hikes. Meanwhile, a panel of central bankers including Federal Reserve Chair Jerome Powell, ECB head Christine Lagarde, and Bank of Japan Governor Kazuo Ueda gathered in Portugal. Overall, caution persisted in markets, with little change in Asia-Pacific shares and a dip in Chinese blue chips. Nasdaq and S&P 500 futures also experienced declines. Bond yields in Europe rose, with markets anticipating a rate hike by the central banks. The euro and dollar both strengthened against the yen. Meanwhile, gold steadied, and oil prices rose slightly.

U.S. stock indexes rebounded on Tuesday as positive economic data calmed concerns about a recession. Reports showed a rise in new orders for capital goods, an increase in sales of new homes, and higher consumer confidence. Investors took this as a sign to buy back into the market after a recent correction. The strong performance of sectors like consumer discretionary and technology also contributed to the market's recovery. Additionally, window-dressing by fund managers for quarter-end statements may have played a role.

Foreign entity WWD Ruby Ltd has offloaded its entire 4.77% stake in Sapphire Foods India Ltd through the open market on Tuesday for Rs 417 crore.

"This stock has been in a 2-year consolidation and recently gave a breakout from this phase. The stock has also witnessed a breakout from a 5-year resistance on the weekly charts with strong volumes. Traders can buy for a target of Rs 185 in the next 3 months and a stop loss can be placed below Rs 145," Gaurav Bissa, VP, InCred Equities, said.

The chairman of the Adani Group assured shareholders of the highest corporate governance standards. "The short-selling incident resulted in several adverse consequences that we had to confront," said Adani, 61. "Even though we promptly issued a comprehensive rebuttal, various vested interests tried to opportunistically exploit the claims made by the short-seller... These entities engaged and encouraged false narratives across various news and social media platforms."

Bankers are wary of their decisions being questioned by vigilance and investigation agencies later, and want some assurance from the regulator before implementation of the circular. Lenders have held discussions with all stakeholders, including the government, soon after the circular was published, and want additional clarity before provisions are implemented.

The bank raised the money this week in which investors like Enam Holdings' Akash Bhanshali, Ashish Kacholia, DMart owner Radhakishan Damani and Akash Prakash's Amansa Holdings participated.

The brokerage recommended a handful of stocks in the microcap universe such as Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Fusion Micro Finance, Repco Home Finance, Nazara Tech, Tatva Chintan, Astra Microwave, Kewal Kiran and Gokaldas Exports.

The bank has set the reserve price at ₹143 crore, which is lower than the previous quarter's price of ₹160 crore. Additionally, debts of six other companies with total outstanding of ₹300 crore, including exposures to Asian Colour Coated Ispat Limited (ACCIL) and SDB Developers, are also up for sale.