India’s IT stocks are being shunned by institutional investors despite the fact some are up to 25% below their 52-week peak levels. The Nifty IT Index is still trading at a 10% premium compared to its 10-year average valuations, with the likes of IT giants TCS, Infosys, HCL Tech, Wipro and Tech Mahindra still trading above pre-Covid valuation levels. Midcap IT stocks are trading at a 25% premium compared to large caps. Hemant Kapasi, head of equities at Sanctum Wealth, said the IT industry may experience a time correction over the next few quarters rather than a significant correction in valuations.

After a rough ride of equity markets last week, analysts expect the indices to consolidate for some time and advise investors to use this opportunity to buy the dips. Here are four technical picks from analysts that can offer gains up to 14%

Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy's Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs 4,266 while, Macquarie maintained an outperform rating for Asian Paints with a target of Rs 3,800. Meanwhile, Kotak Institutional Equities maintained a reduce rating for Dr Reddy's Laboratories with a target of Rs 4,800.

Indian markets are predicted to trade higher on Monday following optimistic global cues, with Nifty forming higher highs for thirteen weeks. Monthly maximum Call OI is placed at 18,800, while the monthly maximum Put OI is at 18,500. Suggested stocks for short-term traders include Dr. Reddy’s Laboratories, Bharti Airtel, and IndusInd Bank from Chandan Taparia, while Nooresh Merani’s recommendations include Bharti Airtel, NTPC, and BHEL. Kunal Bothra suggests buying Cummins India, Trent Ltd, and AB Capital. However, these are independent opinions and not the views of the Economic Times.

A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are 4 stocks that have established a Hanging Man pattern in trade on Friday and signal a bearish reversal. (Source: StockEdge)

Five Indian stocks including Punjab National Bank, Hindustan Aeronautics, L&T Finance Holdings and RBL Bank have been banned from trade on 26 June 2023 due to their futures and options contracts surpassing open interest caps. The ban reverses when open interest falls below 80%. The ban does not impact those who trade in index. On Friday, Indian indices the S&P BSE Sensex and Nifty50 finished with declines, while Nifty Bank ended lower by 0.23% at 43,622.90. Technical Analyst Rajesh Bhosale advised that investors should consider buying opportunities after any short-term corrections.

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 Cummins and Trent while Nooresh Merani has a buy/sell recommendation on Bharti Airtel and NTPC for today's trading session. Check out the targets and stoploss.

Thirty-three Indian stocks have more than doubled investors' wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective.

Shares of brokerage firm ICICI Securities opened over 15% as the Board of Directors of ICICI Bank will meet on June 29 to consider a proposal for delisting its institutional and retail broking arm. Shree Cement shares hit a 10% lower circuit amid media reports that tax evasion to the tune of Rs 230 billion ($2.80 billion) has been found in tax searches at multiple locations of Shree Cement in Rajasthan.

The Futures Long Position Scan performed on Friday revealed Aggressive New Long positions were taken on 3 Nifty counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased. (Source: StockEdge)

Sensex, Nifty flat; ICICI Securities surges 11%, Shree Cement cracks 7%; YES Bank, Rail Vikas Nigam, Infibeam Avenues are some of the gainers in morning trade.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone in the future. So, here are 3 major stocks that have established a hammer pattern in Friday’s trade and signify a bullish reversal. (Source: StockEdge)

Nifty futures on the Singapore Exchange traded 11 points, or 0.06 per cent, lower at 18,704, signaling that Dalal Street was headed for muted start on Monday. Here's a slew of stocks that will be in focus today for various reasons.

In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on June 23, 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.

In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of six stocks that witnessed a 5-year swing high at the close on June 23, 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.

The stock of this PSU has had a near-vertical rise in the past three months. The stock price has appreciated by more than 40%. Recently the price has been struggling to hold on to the upside and is displaying signs of profit booking. It has formed a bearish Marubozu candlestick which suggests further downside in the short term.

In the NSE list of stocks, six 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 23.

On the last day of the trading week, the markets were again in a dull mood, opening in the red and closing with a loss. The Nifty was adrift during the day, ending the session with a decline of over half a percent.

In its filing to the exchanges on Monday ahead of market opening hours, the lender said that the proposal to delist ICICI Securities will be in accordance with Sebi (Delisting) regulations.

Equity benchmarks ended the last week with a bearish trend in global equities and concerns over rate hikes by central banks, causing the 30-share BSE Sensex to fall 259 points to settle at 62,979, while Nifty was also down 105 points at 18,665. IndusInd Bank rose by 2.88%, and Hindalco was down 3% while APL Apollo Tubes’ shares declined 3.45%. Investors could consider short-term selling pressure if IndusInd Bank’s stock price dips below Rs.1,250; Hindalco has to overcome its 200-DMA at Rs.430 to gain significant strength, while on BPCL a resistance area of Rs.370-380 needs to be overcome.

The Investor Education and Protection Fund Authority (IEPFA), under the corporate affairs ministry, is also planning to ease the process for investors to get the unclaimed shares and dividends, the official told ET, adding that this will curtail the requirement of certain superfluous documentations.

The Nasdaq 100 is heading for its best H1 ever, with a surge of 36% so far this year. But Wall Street is concerned that the rally may be derailed by the Federal Reserve tightening its policy. Despite recession fears and bank failures, investors have remained optimistic as the US economy shows resilience and the earnings outlook improves. However, analysts warn that the rally in tech stocks appears overblown due to rich valuations and only a few high-flying companies such as Apple, Microsoft and Nvidia. Historically, a strong first-half for the stock market has been a good omen for the rest of the year.

Investors are looking to China as stocks slip and oil rises due to concerns about stability and crude supply after the abortive weekend mutiny by Russian mercenaries. Brent crude futures rose 1% to $74.55 a barrel and U.S. crude rose above $70, recouping previous losses. The yen rose and indexes such as Japan's Nikkei and Australia's ASX 200 fell. The market is also worried about a darkening growth outlook, a post-pandemic recovery in China and global interest rates remaining high. The Australian dollar remained steady at $0.6679, the euro at $1.0906 and sterling at $1.2728.

The European Medicines Agency’s (EMA) Committee has accepted Aurobindo Pharma subsidiary CuraTeQ Biologics' request to withdraw the applications for marketing authorization of ZEFYLTI (a filgrastim biosimilar) and DYRUPEG (a pegfilgrastim biosimilar).

GoFirst’s creditors have approved a business plan for revival of the airline. As part of the business plan, Go First’s RP has sought Rs 425 crore of interim finance. The airline, which filed for insolvency last month, told the regulator that it requires Rs 400 crore to resume flying

​​"We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks," said SBI Securities in a note on Friday.

The trend of rising delivery percentage has continued for the current month, too. The 20-month average rolling delivery on the stock exchange rose to a 66-month high of 43.58% as of June 20, according to Bloomberg data.

Several large investors and funds, including Canada Pension Plan Investment Board (CPPB), Abrdn Investment Management, TPG, Warburg Pincus, General Atlantic, Carlyle, Sequoia Capital, T. Rowe Price International, Norges Bank, and Fairfax, among others, have raised hundreds of crores by selling shares in June.

Under the resolution framework, the company management had approved the transfer of four road assets (BKEL, BAEL, JIICL, and JRPICL) to the InvIT of ₹5,500 crore, though lenders have been slow in approving the restructuring proposals for these assets.

A central counterparty enables trades between different entities for contracts in various segments of financial markets. The LCH, one of the largest players in the global interest-rate swap market, facilitates transactions in more than a dozen international government debt markets.

​Nifty has reached closer to its record high after three months of gradual recovery and is currently hovering in a range. We are now at a critical juncture and eyeing 18,600 as a make-or-break level.

The capital markets regulator has proposed sweeping changes to the total expense ratio or TER - the annual fee that mutual funds collect from unit holders - that will result in the cost of investing their schemes declining. Some of these suggestions have met with strong opposition from mutual funds and intermediaries like distributors, who fear the moves would impact business in a big way.

The stock, which is also part of the S&P BSE Sensex index, moved in a narrow range between February 2023-June 2023, where Rs 1,140-1,150 acted as a stiff resistance on the upside, while support will be placed above Rs 1,000 levels on the daily charts.

Indian shares settled lower on Friday to register a weekly loss, with the Nifty 50 in negative territory through the session as hawkish central banks soured risk appetite and domestic benchmarks began consolidating. The Nifty 50 index fell 0.56% to 18,665.50 at the close, while the benchmark S&P BSE Sensex ended 0.41% to 62,979.37. For the week, the Nifty 50 and the Sensex lost 0.85% and 0.64%, respectively, both snapping a four-week winning streak. This was also their biggest weekly decline since late April.“Nifty formed a bearish Dark Cloud Cover pattern on weekly charts after falling 0.85% over the week. A quick recovery and move beyond the all-time high may be difficult in the near term. Nifty could find support in the 18459-18555 band while 18795 could offer resistance on up moves in the near term,” Deepak Jasani, Head of Retail Research, HDFC Securities, said.Here are stock recommendations for Monday:

Adani Group is targeting a 20% year-on-year growth in pre-tax profits to reach Rs90,000 crore EBITDA in two to three years. The firm has repaid loans of $2.65bn to reduce overall leverage and win back investor trust following a damning report from a US short seller. Adani aims to achieve more than 20% EBITDA increase through sustainable growth and expansion in sectors including airports, cement, renewables, solar panels, transportation and logistics, and power and transmission. Its listed portfolio EBITDA increased 36% year-on-year to Rs57,219 crore in fiscal year 2023 while its Asset Value of gross assets stands at Rs3,91,000 crore.

Stocks in focus included names like Indigo or InterGlobe Aviation, that pared gains after hitting a fresh 52-week high, PolicyBazzar, which also hit a fresh 52-week high of Rs 690 and Adani Enterprises, which fell more than 6% and was the top Nifty loser on Friday.

Penny stocks, typically with market capitalisation of less than Rs 1,000 crore, are more volatile but also have the potential to turn multibaggers in a short period of time. Here are 10 such stocks which have risen up to 300% in the first half of the current year.

To simplify the highly complex world of derivatives trading for newcomers, especially the ones who have entered the market in the post-covid world, ETMarkets Live Stream is organising a three-day online workshop with four top derivative traders of Dalal Street.

To simplify the highly complex world of derivatives trading for newcomers, especially the ones who have entered the market in the post-covid world, ETMarkets Live Stream is organising a three-day online workshop with four top derivative traders of Dalal Street.

From being a must have in portfolio to a long phase of underperformance and now clean out block trades and re-bidding for stakes have brought AMC stocks back into limelight. Is this correction a buying opportunity or will the analyst be right this time.

7 major stocks hint at a bullish trend as these stocks have closed and crossed their last month’s close. (Source: StockEdge)

here is an increased demand for sustainable and ethically sourced products/services. Consumers are progressively making investment decisions based on ESG concerns. Companies that are prioritizing sustainability, social impact, and ethical practices are more likely to attract customers as well as acquire a competitive edge, writes Marc Despallieres, Chief Strategy & Trading Officer at Vantage

Would rapidly rising use of artificial intelligence tools bring more risk to software companies as some of them may lose their relevance or it would be adding more value to the manufacturing sector. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a traded session by considering the total trading value in the stock and dividing it by the number of shares traded. So, here are 3 smallcap banking stocks that witnessed the defined situation.(Source: StockEdge)Important metric for traders VWAP is an important metric as it offers pricing insight into both the trend as well as value of a stock.

PE ratio often acts as an anchor when investors are making investment decisions. The reason it is easy to calculate narrative has been going in the market for ages that it lower the PE, cheaper the stock. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.

Foreign portfolio investors (FPIs) have invested over Rs 30,600 crore ($4.5bn) in Indian equities in June, amid support for the country's macroeconomic stability and corporate earnings at a time of difficult conditions in the US and UK. They also invested Rs 3,051 crore in the debt market, attracted by the yield offered on Indian securities. FPIs had withdrawn Rs 34,000 crore during January and February before returning in force. However, further US interest rate hikes could cause fund inflows to fluctuate, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.

Last week, six of India's top-10 firms saw a drop of INR 102,280.51 crore ($14bn) in combined market valuation, with Reliance Industries suffering the biggest decline. Concern over interest rate rises and the bearish trend in global equities were identified as the reasons for the drop, with Reliance Industries, ICICI Bank, Hindustan Unilever, ITC, Infosys and State Bank of India the affected companies. However, gains were noted by Tata Consultancy Services, HDFC Bank, HDFC and Bharti Airtel.

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

Indian markets ended the week in the red, with the Nifty50 dropping 0.85%. Experts suggest that the futures market will provide cues for Monday's opening, with impacts from US markets over the previous week to be taken into account. Major global events next week include a Policy Panel Discussion led by Chair Jerome Powell at the European Central Bank Forum on Central Banking 2023. Technical data shows that any future corrections should be seen as a buying opportunity while, on a corporate level, technology IPOs and buybacks are also worth tracking.

A leveraged buyout (LBO) is a merger where an acquiring company borrows funds to buy another company, taking on significant debt, which is secured against the target company's assets. LBOs are an attractive option for acquiring firms as it requires a smaller upfront investment, offering a high return on investment. Tata Tea's buyout of the UK's Tetley in 2000 was India's first successful LBO, transforming Tata's global presence. However, LBOs are risky and need careful debt and cash flow management to ensure long-term success.