Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels.

As the name suggests, VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume. It is calculated during a trading session by considering the total traded value of the stock and dividing it by the number of shares traded. (Source: StockEdge)

Faze Three shares have provided a whopping return of almost 5,700% in the past decade, reaching almost INR 6 lakh from an initial investment of INR 10,000. The stock has witnessed a surge of 1,103% and offered returns of 302% in the last three and five years, respectively. The company is a majority-promoter-owned home interior product manufacturer and exporter with a market capitalization of INR 933 crore. Domestic funds have made Faze Three one of their top picks for the month. Technical analysts also suggest holding the stock at the current market price.

After consecutive gains, equity markets closed in the negative zone due to cautiousness in global markets. Despite this, Sensex reached an all-time high level. Thirty-seven small-cap stocks delivered double-digit returns during the week, and two mid-cap stocks delivered double-digit returns. Almost all indices ended in the red, with metal and commodity stocks bleeding the most. Analysts predict that the market will consolidate in the near term, and investors should use corrections to buy. Technically, there is weakness in the Nifty index, but new highs are expected to come in time.

The volume and delivery scan provides stocks that witnessed an increase in traded as well as delivered quantity during the week ended June 23. We have included stocks that rallied over 20% during the given timeframe. Here is the compilation of all such stocks (StockEdge)

Pharma as a sector has been under pressure for a very long time. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Senior Technical & Derivatives analyst Kunal Shah at LKP Securities recommends smallcap stocks such as Natco Pharma, Swan Energy and DCM Shriram. He anticipates Nifty trading within 18,500-18,900. HDFC and HDFC Bank both remain bullish with strong support and may reach all-time highs. Shriram Finance and Credit Access Grameen experienced strong breakouts, with the latter having strong support for long positions around the Rs1,300-1,280 level. Nifty Metal declined following the Federal Reserve's comments regarding potential rate hikes, while the Nifty FMCG experienced profit booking, leading to bearish momentum.

Weak economic indicators from China and concerns over global growth are hampering demand for industrial metals, with most trading at lower levels than in April. Copper and lead prices declined due to demand concerns, as did aluminium and zinc, which shed more than 50% so far. The property sector in China is beginning to stabilise, but recovery remains subdued due to high debt levels and inflation, while retail sales numbers have posted a contraction. Supply outlook for 2023 is encouraging and a deceleration of global growth and muted demand from China will continue to dominate the metals market.

Foreign Institutional Investors (FIIs) have made net investments of over Rs. 90,000 crore in the last four months in India. The buying continues as India’s strong growth potential, commendable financial results, and political and macro-economic stability make it an attractive investment opportunity. India’s macro-economic stability has shown resilience as the Consumer-Price Index-based inflation hit a 25-month low of 4.25% in May 2023, nearing RBI comfort level. The government's commitment to policy continuity, structural reforms, and business-friendly environment instils trust among investors, leading to heightened market participation.

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Pharma as a sector has been under pressure for a very long time. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

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.

As the market comes near its all time high, some corrective move is being witnessed on the street. At this point of time, it appears to be in line with the global markets. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Hinduja Group is in talks to increase its stake in IndusInd Bank with an investment of INR 10,000 crore. The deal is expected to be completed by the second half of FY24. The Reserve Bank of India may approve the group's request to hike IndusInd Bank's stake to 26%, which led to a more than 3% increase in the bank's shares in Friday's trade. At present, the lender's promoters own 16.51% stake in the bank while IndusInd International Holdings and IndusInd Ltd own 12.585% and 3.92%, respectively.

Investors include dividend stocks in their portfolios as they offer consistent payouts irrespective of the market sentiments. Here are 10 stocks in the PSU space with highest dividend yields in the last 12 months. Source: Axis Securities.

In the last one month as more space comes under control of bulls, stocks from different sectors have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Hinduja Group is in talks to increase its stake in IndusInd Bank with an investment of INR 10,000 crore. The deal is expected to be completed by the second half of FY24. The Reserve Bank of India may approve the group's request to hike IndusInd Bank's stake to 26%, which led to a more than 3% increase in the bank's shares in Friday's trade. At present, the lender's promoters own 16.51% stake in the bank while IndusInd International Holdings and IndusInd Ltd own 12.585% and 3.92%, respectively.

Block and bulk deals involving both buying and selling actions were prominent in at least 7 companies last week, such as Shriram Finance, Timken India, and HDFC Asset Management Company, among others. Piramal Enterprises and TPG India sold over 3.12 crore and 99.18 lakh shares, respectively, in Shriram Finance, which were worth Rs 4,824 crore and Rs 1,390 crore, respectively, while Abrdn Investment Management exited from HDFC AMC selling 2.18 crore shares for Rs 4,079 crore. At least 15 prominent deals were reported, with Shriram Finance, HDFC AMC, and Timken India topping the chart.

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.

Blue chip stocks are established, financially sound companies with strong governance, skilled management teams, and a proven track record. They offer stability, reliability and are included in major market indices. These stocks are known for their leadership position in their respective sectors and have strong bargaining power with the customer. They have a robust financial strength, can weather market fluctuations, and have a consistent track record of paying substantial and regular dividends. While being safe and low-risk investments, blue-chip companies command high valuations, generally above the broad-market, thus making them an ideal choice for long-term investors.

Jayanth Rama Varma, a member of the Reserve Bank of India’s monetary policy committee, has criticised the bank's lack of transparency and its confusing stance on policy. Varma has called for the committee to be transparent with the public about its intentions in a clear manner. He claims the bank is still using coded language instead of plain, transparent language. The committee has stated it plans to monitor its "withdrawing from its pandemic period accommodation" approach in the face of posed inflationary risks from the weather and geopolitical disruptions.

Wall Street banks are warning that US stock values are approaching overbought levels, making equities more vulnerable to declines. The S&P 500 now trades at 19 times its expected 12-months earnings, above its historic average of 15.6 times, according to Refinitiv Datastream; similar valuation levels have preceded periods of rocky performance. Catalysts that could cloud the outlook include unexpected weakness in economic growth, a more hawkish Federal Reserve, and a rebound in inflation, investors said. Despite this, some investors still believe the stock market rally could continue, but with a pullback coming from overbought levels.

The company, which was set up in 1957 as a government-backed synthetic rubber maker, now supplies photoresists to global chipmakers. They are used to transfer circuit patterns on to semiconductor wafers.

In the week gone by, markets amid weak global cues ended on a weak note. Nifty on a weekly basis shed 0.85% and ended below 18,700 mark at 18,666 points. Meanwhile, broader markets which were making new highs for the past few sessions, also succumbed to the selling pressure towards the close of the week and shed around 1% in 1 week’s time.Nonetheless, here are stocks from the Nifty500 pack that closed crossing last week high (StockEdge)

Atul Shinghal, the CEO and founder of Scripbox, schedules 45-minute daily physical activity to stay focused and accomplish his goals. His daily routine includes activities like walking, badminton, or working out, combined with travel, good food, spending time with family, reading, crosswords and engaging conversations with peers. Shinghal believes that physical fitness is imperative for mental fitness, similar to building a crew that sails the ship efficiently. Moreover, he practises spirituality through prayer and visiting temples. Shinghal advises budding entrepreneurs to build their customer's trust by keeping their interest at the core and ensuring transparency.

Investor interest in HDFC Bank and HDFC has increased due to their nearing merger, with delivery volumes on both exchanges seeing an uptick this month. The merger is set to be completed next month and is expected to offer great value to investors. Share deliveries have risen by over 75% as a percentage of total volume, with delivery volumes in HDFC seeing an increase of 27% compared to last month.

The Securities and Exchange Board of India (SEBI) has found PTC India Financial Services' top officials, Rajib Mishra and Pawan Singh, responsible for corporate governance lapses in its investigation. The company's directors had resigned previously citing serious governance lapses and accusing the chairman and CEO of running the company affairs single-handedly.

The capital will be used to fund a 50-megawatt data centre in Noida and a 17-MW first phase of a data centre in Chennai, the company said in a press statement Friday. The company has set itself a target to build a 1 GW green data centre platform in India.

Japanese online financial conglomerate SBI Holdings Inc said on Saturday it now has 53.74% shares of midsize lender SBI Shinsei Bank from 50.04% after a tender offer. The completion of the tender offer through Friday is setting up grounds for expected delisting of Shinsei to give more flexibility in returning 349 billion yen ($2.43 billion) in public funds its predecessor bank received two decades ago in a government bailout.

Accenture's revenue growth guidance downgrade for fiscal year ending August 31 has increased caution toward the IT sector, particularly Indian IT companies. Morgan Stanley's note to clients shared that Accenture's results and commentary confirmed slowdown concerns.

The Reserve Bank of India (RBI) has emphasized the need for "continuous vigil" on price movements in its State of the Economy report. The central bank's economic research department claimed that stabilizing inflation expectations can revive consumer spending, boost corporate revenues and profitability, which would be the best incentive for private capex. The RBI's economic research team backed the monetary policy decision to keep the rate unchanged and withdraw the accommodative stance, citing latest national accounts data and corporate results showing that inflation is slowing down personal consumption expenditure.

Five entities, including Saubhagya Buildcon and Zolton Properties, have been issued notices by the Securities and Exchange Board of India (Sebi), asking them to pay Rs 5.7 crore ($755,000) in funds relating to Fortis Healthcare's case of fraud. The five entities received demand notices as they failed to pay the fine imposed by the regulator in May 2020 regarding the alleged diversion of funds and misrepresentations made to conceal it.

Shish Industries has proposed to issue 2 fully paid-up equity shares of INR10 each for every 1 fully paid-up equity share held by shareholders as on the record date. The firm will issue 2.27 crores equity shares as part of the bonus announcement. Bonus equity shares will be issued out of free reserves created out of profits and securities premium accounts. Bonus shares increase stock liquidity, making it affordable for investors. Shish Industries manufactures plastic containers and packaging solutions, and its stock has risen by 153% this year, delivering multibagger returns.

Fraudsters are impersonating delivery companies like FedEx and Blue Dart, warning users of a new threat, said Nithin Kamath, CEO of India's leading broker Zerodha. An employee of Kamath's was called by a person claiming to be from FedEx, demanding money to release a package that the police had simply confiscated due to drugs being found inside.

Wall Street indexes are down with fears of interest rates staying high for a long term after hawkish Fed officials' comments. Mary Daly, San Francisco Fed Bank President, suggested that two more rate hikes this year would be a reasonable projection. Federal Reserve Chair, Jerome Powell, had taken a similar stance of proceeding with caution.

The bullish harami cross candlestick pattern has been observed for Indiabulls Housing Finance, 3M India, and Ingersoll-Rand (India) companies; the pattern points to a shift from bearish to bullish market sentiment. However, investors must carry out a thorough analysis of financial and industry indicators before making any investment decisions.

BSE Sensex's new derivatives contracts have posted their highest single-day turnover since relaunch, with Asia's oldest exchange seeing a 77% jump in turnover to INR6.06tn ($81bn). The figure was achieved through 96.11 lakh traded contracts, while total open interest came in at 4.93 lakh contracts before expiry

Nifty Smallcap100 stocks show significant recoveries from their 52-week lows, including KEI Industries, Raymond, Cyient, Tanla Platforms, Jindal Stainless, RBL Bank, Kalyan Jewellers, and Suzlon Energy. The recoveries are a testament to the companies' resilience and growth potential, reflecting market participants' renewed confidence in their future prospects.

Dow falls 111.05 points at the open to 33,835.66, S&P 500 opens lower by 27.72 points and Nasdaq Composite drops 146.51 points at the opening bell.

In this article, we delve into these three stocks. Gain insights into the implications of these patterns and learn more about these companies to make informed investment decisions.

Indian equity indices closed lower for the second consecutive session due to negative cues from global markets and higher-than-expected interest rate hikes in Britain. Adani Group and Eros International Media were the top losers. Hawkish central bank policies have soured risk appetite and resulted in the decrease of market capitalization by Rs 2.78 lakh crore to Rs 289.47 lakh crore.

On Friday, the Sensex benchmark index experienced a decline of 260 points and ended the day at the level of 62,979. However, despite the slide in the market, 11 stocks listed on the BSE consumer discretionary index scaled new 52-week highs. The 52-week high holds significance for specific traders and investors, as it acts as a crucial technical indicator for evaluating the present worth of a stock and predicting its future price movements. It represents the highest price at which a stock has been trading in the preceding year

Inflation in India is decreasing personal consumption expenditure, causing a slowdown in corporate sales and private investment, according to a paper authored by a team led by RBI Deputy Governor Michael Debabrata Patra. The Reserve Bank published the report, which urged the lowering of inflation to revive consumer spending and boost corporate revenues. The article called for stabilising inflation expectations to incentivise private capex, cautioning that while India was experiencing an economic rebound, others were slowing or contracting. The country's real GDP growth in Q4 2022-23 and credit growth were among the strongest globally, the report found.

Indian stocks of Vodafone Idea, Gujarat Narmada Valley Fertilizers & Chemicals, and Indian Railway Catering and Tourism Corporation (IRCTC) have breached the 200-day Simple Moving Average. Potential investors are advised to scrutinize the financial performance, strategies, expansion plans, government policies, and market conditions of these companies before investing. Although these stocks indicate an opportunity to invest, a thorough analysis and understanding of the associated parameters are crucial before making an investment decision. However, these observations are not recommendations, and investors may take guidance from relevant subject matter experts before incurring any investments.

ETMarkets has identified seven Indian stocks with a market cap above INR 1,000 crores that have witnessed a Golden Crossover, suggesting an uptrend trend. Parag Milk Foods, Garware Hi-Tech Films, Pidilite Industries, Time Technoplast, Supreme Petrochem, Keystone Realtors, and Nazara Technologies are the companies identified. While each company operates in different industries, they all have strong market positions and growth potential. These technical indicators, coupled with positive 1D returns, make these stocks an intriguing prospect for investors.

ETMarkets has identified 9 stocks with an RSI above 75, indicating overbought conditions. With a market cap over Rs 10,000 crore, these companies warrant a closer look. Find out more about their businesses and potential investment implications

India's Nifty index has formed a bearish dark cloud cover pattern on the weekly charts, closing 106 points lower on Friday. The index needs to remain above 18,666 to move towards 18,750 and 18,888 zones, with support available at 18,550 and 18,500 zones. Option data suggests a shift in lower trading ranges between 18,500 and 19,000 zones, with an immediate trading range between 18,550 and 18,800 zones. The Relative Strength Index (RSI) shows negative divergence as momentum weakens. Traders should keep an eye on the 20-day SMA, with 18,650 acting as a crucial support level.

ETMarkets has identified six Indian companies that have recently experienced a bullish MACD crossover, as identified by its advanced screener. A bullish crossover is when the MACD line, which is the 12-day exponential moving average of the stock price minus the 26-day exponential moving average, crosses above the signal line, being the nine-day exponential moving average of the MACD line. The companies are DCM Shriram, ICICI Securities, Natco Pharma, Harsha Engineers International, Shanthi Gears and Bharti Airtel. Investors seeking opportunities in the stock market can use the technical indicator to assess potential future price appreciation.

ETMarkets, utilizing their screener, has curated a list of five stocks displaying the Bearish Strong Line pattern, indicating a potential reversal in an uptrend. Dive into this interactive and informative article to gain insights into these companies and their business prospects.