The Securities and Exchange Board of India (Sebi) will phase out 16 offices spread across the country as part of a restructuring exercise. These offices were opened between 2012 and 2018 when Sebi was headed by U K Sinha.

Debt servicing capacity of manufacturing companies measured by interest coverage ratio (ICR) moderated to 7.3 in 2022-23 from 8.4 in 2021-22 due to a rise in interest expenses. But the metric was significantly higher than the minimum viable value of 1.

The decision was taken after BSE requested them to consider shifting the Bank Nifty expiry to any day other than Friday, the release said. In a bit to revive its derivatives segment, BSE had relaunched its future & options (F&O) contracts on Sensex and Bankex on May 15, 2023, with weekly and monthly expiry happening on Friday. NSE's Nifty and Bank Nifty contracts expire on Thursday.

Following the Maharashtra government's declaration of June 29 as a public holiday, there will be no transactions and settlements in government securities, foreign exchange, money markets and rupee interest rate derivatives on that day, the Reserve Bank of India said.

Experts suggest that PCBL stock could continue its upward momentum and reach levels of Rs 180 within three months, after rising over 17% in a month. The stock breached 5-year trendline resistance on weekly charts and hit a record high of Rs 163.95 on June 16, after getting support above Rs 29 levels in April 2020. It is trading above most crucial short- and long-term moving averages on daily charts.

Sebi's Informal Guidance Scheme enables certain entities to request for informal guidance regarding the applicability of laws and regulations administered by the markets regulator in the form of "No Action Letters" or "Interpretive Letters" from the markets watchdog.

Goswami Infratech, a company belonging to Shapoorji Pallonji group, has raised $1.74bn through the issue of zero-coupon bonds at a substantial yield of 18.75% for a period of two years and 10 months. The issue is rated BBB- by Care Ratings and has a put option at the end of December 2025

Any listed REIT or InvIT with less than 25% public unitholding, which has a three-year ultimatum to adhere to, will have to increase its public holding.

The Dow rises 144.24 points, the S&P 500 30.23 points and Nasdaq Composite 134.49 points. Amazon, Tesla and Nvidia rise by about 1% each, whilst Snowflake climbs 3.1%,. Walgreens drops 9.7%

India's capital markets regulator, Sebi, has asked credit rating agencies (CRAs) to make a daily disclosure of issuers that are non-cooperative with them. Sebi noted most of these entities were unlisted and small.

The Executive Committee of the Central Board (ECCB) of the bank has accorded approval for acquiring the entire 20 per cent stake held by SBI Capital Markets Ltd in SBI Pension Funds Pvt Ltd, it said.SBI Pension Fund is the largest pension fund manager out of 10 managing about Rs 3,59,040.81 crores of assets under management (AUM) with around 37 per cent market share as of May 31, 2023

The National Stock Exchange (NSE) on Tuesday scrapped its plan to shift expiry day for Future & Options (F&O) contracts of Nifty Bank to Friday from Thursday. This came after rival exchange BSE requested NSE to consider shifting the Nifty Bank expiry to any day other than Friday for balanced market development. Earlier this month, NSE moved the expiry day for Nifty Bank derivative contracts to Friday from Thursday, which was to be effective from July 7. The first Friday expiry was scheduled for July 14.

IDFC First Bank has raised INR1,500 crore ($201m) in subordinated, unsecured, fully paid-up, Basel III compliant tier-2 bonds in the domestic Indian bond markets. The capital raise would aid in expanding the bank while boosting capital adequacy, which will increase the bank's headroom for growth. With calls available in ten years, the yields on the bonds were offered at 8.4%. The bond placement was oversubscribed with a large demand from PFs, corporates, and insurance companies interested.

Housing Development Finance Corporation (HDFC) and HDFC Bank are working towards completing the merger of the two financial behemoths by July 1 and may set July 13 as the record date for swapping shares, HDFC said in an exchange filing on Tuesday. HDFC Chairman Deepak Parekh had said in a CNBC-TV18 report that both the boards will meet on June 30, which would also be the last board meeting of HDFC, and its shares will go off market effective July 13.

WWD Ruby, a foreign entity, has sold its entire 4.77% stake in Sapphire Foods, the operator of several restaurant chains in India, for INR417 crore ($56.2m), comprising 30,30,215 shares, through an open market transaction. This comes after WWD Ruby's sale of a 4.8% stake in the company in December 2020. Shares of Sapphire Foods ended 1.4% higher at INR1,410.35 apiece, supported by purchases from institutional investors such as Vanguard, Aditya Birla Sun Life, Nippon, and Goldman Sachs.

Amid mixed global cues, Indian equities ended with gains, helped by intense buying in index majors HDFC twins, ICICI Bank and Axis Bank. Besides, a firm trend in financial, realty, tech and IT counters also supported the domestic equities, traders said.Shares of HDFC and HDFC Bank were in the limelight on Tuesday and ended in the positive territory after the announcement that their merger will be effective from July 1. Nifty ended with gains to the tune of 126 points at 18,817. Meanwhile, Bank Nifty also posted healthy gains of over 1%.“Bulls have managed to defend the average support, which is a sign of strength. In terms of levels, 18650 – 18600 shall act as a crucial support zone while 18880 – 18900 shall act as a crucial resistance zone,” Jatin Gedia, Technical Research Analyst, Sharekhan, said.Here are the stock recommendations for Wednesday:

HDFC has purchased an additional 0.7% stake in HDFC Life through open market transactions. The deal was executed at an average price of Rs 667. HDFC already owns around 48.65% stake in the subsidiary. Once HDFC twins merger is complete, HDFC Bank will be 100% owned by public shareholders, with HDFC holding only 41% stake in the bank. HDFC shareholders will receive 42 shares of HDFC Bank for every 25 shares they hold.

S&P Global Ratings has upgraded four Indian financial institutions, including Union Bank of India and Bajaj Finance, reflecting the view that good economic prospects and structural improvements would continue to benefit domestic financial institutions. The agency expects the country's financial sector to see its weak loans ratio improve from 5.2% of gross loans on 31 March 2023 to 3-3.5% by 31 March 2025, and for public sector banks' capital positions to be sustained. Additionally, S&P expects bank earnings to be similar to those in other emerging markets but has suggested falling margins could be caused by deposit repricing.

European Central Bank President Christine Lagarde warned earlier in the day that the euro zone faced a lengthy fight against inflation, while U.S. consumer confidence data beat expectations just before two-year gilt yields peaked.The two-year gilt yield rose as high as 5.220%, its highest since July 2008, up 8 bps on the day, while 10-year gilt yields were 5 bps higher at 4.35%

Three stocks that recently hit a fresh 52-week high or saw volume or price breakout are FACT, Gujarat Pipavav Port and Aditya Birla Capital. The Founder of Chartmojo, Sunil Gurjar, was cautious about buying fresh positions due to volatility.

Upbeat capital goods orders data allayed concerns about a slowing U.S. economy in the face of Federal Reserve's aggressive interest rate hikes

Three stocks that recently hit a fresh 52-week high or saw volume or price breakout are FACT, Gujarat Pipavav Port and Aditya Birla Capital. The Founder of Chartmojo, Sunil Gurjar, was cautious about buying fresh positions due to volatility.

Reliance Industries stock has underperformed YTD compared to its peers across various segments. However, a 12-month risk-reward outlook for the stock is favourable, according to JPMorgan. The bank has retained an "overweight" rating on the stock with a price target of INR 2,960 ($39.5), representing a nearly 19% upside from current levels. JPMorgan believes that the stock's underperformance has been impacted by news flows and selling by foreign institutional investors, and not for any fundamental reasons. The bank also expects strong earnings for RIL in FY24, driven by the refining and petrochemical segments.

“Considering the need for balanced market development and avoidance of concentration risk in the market, BSE has requested NSE to consider shifting the Bank Nifty expiry to any day other than Friday,” a joint statement from the exchanges said.

Adani Group has clarified that it isn’t aware of any subpoena issued by the US Securities and Exchange Commission (SEC) to the investors there. “All of our disclosures are a matter of public record. It is routine that various regulators will seek access to public material in an easy and referenceable manner,” the group said in a statement.

The daily and hourly momentum indicator gave divergent signals. Heavy put writing additions were seen at 18,700 strike, making it a strong support for Nifty as we head into the final day of the June series expiry on Wednesday. Option activity at 18,800 strike will provide cues about Nifty Intraday direction on Wednesday, said Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities.

On Tuesday, the Sensex, a benchmark index, rallied 446 points to settle at 63,416. During the trade, six stocks from the BSE financial services index attained new 52-week highs. This particular milestone holds significance for traders and investors, as it acts as a crucial technical indicator for evaluating a stock's present value and predicting future price fluctuations. Essentially, it represents the highest price at which a stock has been traded over the preceding year

Investors must link their PAN with their Aadhaar card by June 30th, 2021, to trade in the Indian securities market, says Sebi. According to a CBDT circular, PANs not linked to Aadhaar by March 2023 would be inoperative under the 1961 Act, leading to all the consequences of not furnishing a PAN.

Three Indian stocks, Suzlon Energy, Uno Minda, and Astrazeneca Pharma India, have formed Doji or Near Doji candlestick patterns, indicating market indecision and a potential reversal or continuation of trends. Candlestick patterns, widely used by technical analysts to identify potential trading signals, convey significant market sentiment. Investors should closely monitor subsequent price action to validate the pattern's significance and exercise caution before making investment decisions.

Discover potential investment opportunities as we delve into five Nifty 500 companies that are currently trading at a discount of 50% or more from their 52-week highs. Explore the performance and key information about Adani Wilmar Ltd., Adani Green Energy Ltd., Campus Activewear Ltd., Piramal Enterprises Ltd., and Tata Teleservices (Maharashtra) Ltd. This article aims to provide valuable insights for potential investors, highlighting the potential growth prospects of these discounted stocks

Shree Cement, Praj Industries, Borosil Renewables, Life Insurance Corporation of India and Vedant Fashions are trading below their respective 200-day Simple Moving Averages (SMAs), which is a significant event. However, each company has unique qualities and presents potential investment opportunities and investors can make informed decisions and potentially benefit from the situation. Shree Cement Ltd, Praj Industries Ltd and Borosil Renewables Ltd have seen momentary dips, but their strong fundamentals and potential for growth make them appealing. Despite trading momentarily below the 200-day SMA, Life Insurance Corporation of India and Vedant Fashions present interesting propositions due to their market position and growth potential in their respective sectors.

LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The market capitalisation of all listed companies on BSE increased to Rs 292.13 lakh crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks gained, 1,467 declined, and 146 remained unchanged on the BSE.

Domestic equity mutual fund managers in India have reportedly purchased a net $570m worth of HDFC shares ahead of its merger with parent company Housing Development Finance Corp. in a "lucrative" arbitrage trade, according to Prime Database. Capitalising on the share-swap ratio upon completion, fund managers hope the merger will enable them to purchase shares at a discount to HDFC Bank’s current price. The merger is effective from 1 July, with HDFC Bank absorbing the parent company. HDFC shares rose by around 2.3% on 9 June.

Federal Bank has put on hold the sale of a stake in its subsidiary, Fedbank Financial Services, as it is unable to reach a consensus with potential investors over the unit's valuation. The bank had hoped to raise as much as INR20bn ($275m) from the sale. Federal Bank has also decided to focus on a fundraising of up to INR40bn instead. Fedbank Financial Services, which filed a draft IPO prospectus in February, may pursue a listing in the coming year, according to Federal Bank CEO Shyam Srinivasan.

Closing Bell: Sensex surges 446 pts on rally in financials; Nifty above 18,800; AB Capital soars 7%, SBI 3%.

LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The market capitalisation of all listed companies on BSE increased to Rs 292.13 lakh crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks gained, 1,467 declined, and 146 remained unchanged on the BSE.

​​July 12 would be the last trading day for HDFC stock as it will get delisted on July 13, HDFC announced today while announcing the timeline of its merger with HDFC Bank.

BSE Bankex gained 0.7% on June 27, appreciating nearly 350 points, owing to the strong performance of several leading banking stocks. HDFC Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank, and SBI were the key contributors to the advancement. HDFC Bank, one of the leading private sector banks in India, occupied the top spot, owing to its robust financials and extensive branch network. Banking giants, known for their financial strength, digital initiatives, and customer-centric approach, continue to attract investors seeking exposure to the banking sector.

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday.The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters. The merger of the corporation with HDFC Bank will be effective July 1, Parekh said. HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13.

Preliminary calculations done by his team shows that the IT stock could see an inflow of approximately $150-160 million.

Several stocks within the Nifty500 index have shown significant recoveries from their 52-week lows, indicating companies' resilience and market sentiment's potential for lucrative returns. Companies such as Ingersoll-Rand, KEI Industries, Adani Enterprises, Ceat, Cyient, Data Patterns, Tanla Platforms, and Sonata Software surged over 100% from their respective lows. These exceptional recoveries showcase companies' strength and their ability to capitalize on market opportunities and adapt to market dynamics.

​​July 12 would be the last trading day for HDFC stock as it will get delisted on July 13, HDFC announced today.

Investors must link their PAN with their Aadhaar card by June 30th, 2021, to trade in the Indian securities market, says Sebi. According to a CBDT circular, PANs not linked to Aadhaar by March 2023 would be inoperative under the 1961 Act, leading to all the consequences of not furnishing a PAN.

Several stocks, including Suzlon Energy, Alok Industries, Shree Renuka Sugars, ICICI Bank, HDFC Bank, Nykaa, and GMR Airports Infrastructure, witnessed rising delivery percentages with strong volumes, indicating the increasing investor interest and confidence in them. Shree Renuka Sugars and Nykaa showed notable positive trends, while ICICI Bank and HDFC Bank within the banking sector had encouraging delivery percentages. GMR Airports Infrastructure and Suzlon Energy also showcased rising figures that suggest growing investor participation and confidence in the companies' prospects.

Several stocks in the Nifty100 index hit new 52-week highs, including Dr Reddy's Laboratories, InterGlobe Aviation, Torrent Pharma, and Muthoot Finance, signaling strong market optimism and investor confidence. Dr Reddy's Laboratories achieved an impressive 52-week high of Rs 5,086.60, while InterGlobe Aviation reached a high of Rs 2,544.50. Torrent Pharma experienced a significant boost as its stock soared to a new 52-week high of Rs 1,893, and Muthoot Finance reached Rs 1,242.80. These achievements demonstrate the companies' resilience and robust growth prospects, reflecting the overall bullish sentiment in the market.

"The Board recommended stock split of existing 1 equity share of face value of Rs 10 each fully paid up into 2 equity shares of Rs 5 each fully paid up," the company said in a filing.

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. (StockEdge). For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Further, 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.

ICICI Securities has flagged 12 counters from the microcap universe of 80 stocks that offer viable investment options with cheaper valuations and scope for expansion in risk tolerance. The brokerage firm's report, however, cautioned investors about the liquidity risks in the microcap space. Stocks picked by ICICI Securities include Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Isgec Heavy Engineering, Fusion Micro Finance, Repco Home Finance and Tatva Chintan. The minimum quality standards include the RoE being upwards of 10% and the earnings yield being greater than the 10-year government bond yield.

RSI or Relative strength index tracks whether a security is oversold or overbought. Stocks with RSI above 70 hint that the stock is overbought or overvalued.

Mutual funds have invested in approximately 950 stocks within the equity segment as per the May portfolio data. Among these, around 83 stocks experienced significant growth in share price within just a year, making them multibaggers. In the latest MF analysis conducted by ETMarkets, 10 stocks have been identified that have achieved remarkable share price growth of over 100% in the same one-year period. Furthermore, these stocks are held by more than 50 MF schemes, which instils further confidence as large institutions like MF conduct extensive research before investing. When multiple mutual funds show interest in a particular stock, it adds an extra layer of assurance, making it even more favourable. (Data Source: ACE MF)