Seven Indian companies, including defense contractor Hindustan Aeronautics, electrical and digital services company Siemens and natural resources company Vedanta, have recently experienced a bearish MACD crossover, a technical indicator that helps investors identify potential bearish trends in the stock market. The bearish signal suggests that the upward momentum of a stock is weakening and may signal a downward trend.

Several stocks, including Tube Investments of India, CG Power and Industrial Solutions, Apollo Tyres, Union Bank of India, and IDFC First Bank, have demonstrated impressive recoveries of over 100% from their 52-week lows. These rebounds demonstrate the resilience and potential for growth of the companies, showcasing their ability to navigate market uncertainties and adapt to changing dynamics. These rebounds hold significance in the context of the Nifty Midcap100 stocks and are an indication of sustained profitability and growth.

Kotak Strategic Situations India Fund II and Kotak Private Credit Fund have jointly invested INR 732 crore ($107m) in non-convertible debentures (NCDs) issued by RattanIndia Power (RIPL). The financing will aid the company in repaying existing debt. Kotak Strategic Situations India Fund II invested INR 582 crore and Kotak Private Credit Fund invested INR 150 crore. According to Srini Sriniwasan, MD at Kotak Investment Advisors, “the financing provided by our credit funds to RattanIndia underscores our ability to move with agility and provide timely structured financing.

From the Sensex pack, Tata Motors, SBI, Power Grid, Tata Steel, Infosys, and UltraTech Cement closed in the red, while IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Tech, and HDFC closed higher.

Indian equity indices closed in the red for the second straight session on Friday, tracking negative cues from global markets amid higher-than-expected interest rate hikes in Britain. Selling was seen across all major sectors as hawkish central banks soured risk appetite. The 30-share BSE benchmark Sensex declined 259 points or 0.41% to settle at 62,979 due to profit-taking in financials, IT and oil shares. The broader NSE Nifty dropped 106 points or 0.56% to end at 18,665.

ETMarkets Live Stream is organizing an online workshop 'Decoding Derivatives: From Basics to Beyond' from June 29-July 3, aimed at helping beginners understand and master derivatives trading. Four top traders of Dalal Street will impart lessons on the subject, including sharing their winning strategies and conducting live trading. Interested participants can register online, and sessions will be interactive with a chat window where questions can be posed.

Mutual funds have bought shares in Infosys, with ICICI Prudential AMC purchasing Cognizant Technology Solutions, Aditya Birla Sun Life AMC purchasing Wipro, and Mirae Asset Management buying Coforge last month. Although the mutual funds were inclined to overweight on the IT sector, risks of further earnings downgrades remain. While some investors argue that a slowdown is already priced into the shares, a weak earnings outlook from US major Accenture Plc persists, which quoted challenging global macroenvironment, clients curbing discretionary spending, and reduced annual growth guidance for the second time.

IndusInd Bank's share price rose over 3% on Friday on news that the Reserve Bank of India may allow the Hinduja Group to increase its stake in the bank to 26%. The approval would allow the Hinduja Group to invest about INR10,000 crore. Currently, IndusInd Bank's promoters own 16.51% of the bank, and IndusInd International Holdings owns 12.58% while IndusInd Ltd owns 3.92%. The bank's shares have rallied around 7% this year and offered almost 67% returns in the past year.

Several Nifty 500 stocks including UCO Bank, Uflex, V-Mart Retail, YES Bank, and Zee Entertainment Enterprises (ZEEL) are trading at a significant discount from their 52-week highs, with potential investment opportunities based on placement on the technical charts and current momentum. Despite discounts, the companies include strong players such as accomplished retail chain V-Mart Retail, banking institutions YES Bank and UCO Bank, and leading media and entertainment company ZEE. Before investing, careful analysis and consideration of individual investment goals are recommended.

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 smallcaps signalling a buy based on MACD movement.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.

Stocks of Adani Group are trading significantly lower than their 52-week highs, presenting potential investment opportunities for those interested in diverse sectors such as resources, renewable energy, power, natural gas, transmission, and FMCG. With a diversified portfolio, Adani Enterprises offers growth opportunities in various industries while Adani Green Energy aims to contribute to India's clean energy goals. Adani Power holds potential for growth in the evolving energy landscape and Adani Total Gas is well-positioned for growth as the demand for natural gas increases. Adani Transmission's strategic positioning in the power sector presents investment prospects, and Adani Wilmar holds potential for growth in the FMCG sector.

RSI or Relative Strength Index is a technical analysis tool that gives short-term buy or sell signals. And based on the RSI value, the stock is determined to be oversold or overbought. Here are Nifty50 stocks whose RSIs have crossed below 70 from above.

IndiGo, Larsen & Toubro (L&T), and Trent have all achieved new 52-week highs, contributing to a surge in market capitalisation and leaving a lasting impact on the stock market landscape. IndiGo's stock reached a one-year high of Rs 2,507.00, with a market capitalisation of Rs 96,269.20 crores. L&T achieved a remarkable 52-week high of Rs 2,427, with a market capitalisation of Rs 337,168.80 crores. Trent hit a new 52-week high of Rs 1,743.90, with a market capitalisation of Rs 60,960.80 crores. The companies' achievements reflect strength, growth potential, and market dominance within their respective sectors.

AstraZeneca Pharma, Kirloskar Industries, CreditAccess Grameen, Ganesha Ecosphere, Waaree Renewable Technologies, and LG Balakrishnan & Bros have reached their 52-week high points, generating excitement within the stock market. These companies have not only achieved significant stock price milestones but have also catalyzed market capitalization, reflecting positive investor sentiment and growth expectations within their respective sectors.

Shares of Aurobindo Pharma went up by 3% after the company announced that its subsidiary Eugia Pharma has signed a voluntary license with Medicines Patent Pool to create and market a generic version of Nilotinib Capsules. Aurobindo Pharma’s wholly-owned subsidiary Eugia Pharma Specialities has entered a voluntary sublicensing agreement with Medicines Patent Pool to manufacture and market the drug in 44 low and middle-income countries for the treatment of chronic myeloid leukemia.

In today's analysis of mutual funds, ETMarkets has identified the stocks that experienced the highest increase in the number of shares held by mutual funds in May compared to April. Amongst them, there are approximately 16 stocks that witnessed a net addition of over 1 crore shares in May. To refine the list, only stocks that generated a positive return since the beginning of May were considered, and 10 stocks have made the cut. Interestingly, some well-known names such as Infosys, Zomato, HDFC, HDFC Life Insurance, and others are included in this refined list. (Data Source: ACE MF | ACE Equity)

Several prominent companies, including Tube Investments of India, IndiGo, Larsen & Toubro, Trent, and PB Fintech, have hit new 52-week highs, triggering investor interest in Nifty200 stocks. Tube Investments of India, with a market cap of Rs 62,259.00 crores and a PE ratio of 65.3, achieved a record high of Rs 3,398.70. IndiGo has hit a 52-week high of Rs 2,509.00, while Larsen & Toubro scale a new height of Rs 2,427 with a market cap of Rs 337,288.30 crores and a PE ratio of 32.2. Trent and PB Fintech also saw their stocks hit new highs.

Bank of America Securities has raised its target price for Paytm to Rs 1,020 from Rs 885, after the company's shares rose more than 90% from their 52-week low of Rs 439. The bank attributed the jump to Paytm's momentum in high margin lending and Soundbox business, which could continue for at least the next three to four quarters and significantly increase the company's profit margins. It also predicted Paytm's visibility of 4-5 million Soundbox additions per year for the next 2-3 years, and that the company could add 15 million devices in that time.

Decline in oil prices from their highs, increased economic activity are tailwinds. However, will the step taken by RBI to control inflation show an impact on overall economic growth in the coming quarter and will a delayed monsoon may turn out to be a headwind for the short term. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Jefferies and Kotak Institutional Equities have recommended a "Buy" on HDFC Life Insurance Company with a projected 20-28% upside. The optimism is based on its current business performance and growth outlook. Jefferies and Kotak are anticipating a higher than industry average annual premium equivalent growth rate for HDFC Life Insurance Company. Kotak considers HDFC Life a "conviction" buy. Meanwhile, low sensitivity to interest rates also positions life insurance companies better than banks, says Jefferies.

HCL Technologies, a part of the IT sector, has seen a major breakout from a 7-month consolidation on the weekly charts prompting experts to predict it could climb towards 1200 levels over the next two and a half months. The stock has been trading well above most short-term and long-term moving averages on daily charts, while the Relative Strength Index (RSI) is at 65.20. The stock is also in a strong uptrend with higher highs and higher lows on the short- and long-term charts, according to Aditya Thukral, a senior analyst at Master Capital Services.

Systematic investment plans (SIPs) can help young people in India combat difficult savings conditions and beat inflation, according to Yes Securities' Head of Wealth Broking. These include a consumerist buy-now-pay-later environment and cultural changes in the retirement age, making SIPs essential for wealth creation and maximisation. The average SIP investment of INR2,200 ($29) is inadequate to combat inflation, and investors must align the instrument with their financial goals to create a realistic surplus, according to the expert. The mutual fund industry has grown five-fold in 10 years, but SIP accounts and portfolio values must be better targeted.

The provisions of the budget brought a number of financial services under pressure. However, in the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.

Shares of Eros International Media fell by 20% following an interim order from India's market regulator. The company was told its accounts were "overstated and do not present a true and fair picture of the financial health of the company". Eros International said it is seeking legal advice about the matter. Its shares have fallen 22% on a year-to-date basis, while the BSE Sensex is up 3.2%, and the stock's price to book ratio is below the industry median.

In the last five years, the Sensex has given positive returns to investors in the second half of the calendar year with double-digit returns in the last three years, making it an attractive investment destination. Additionally, all sectoral indices have given positive returns in the second half in the past three years, with 10 of the 15 sectoral indices on BSE giving double-digit returns in H2 of 2022, including the banking, commodities, and financial services sectors. On the macroeconomic front, foreign inflows are expected to continue despite risks from a weak monsoon and global risks impacting FII flows.

Adani Group's stocks fell by as much as 10% on Friday on the back of a Bloomberg report suggesting that US authorities are investigating what representations the company made to its American investors following Hindenburg Research's allegations. Hindenburg accused Adani Group of using offshore companies to secretly manipulate its share prices. The US Attorney's Office in Brooklyn is said to have sent inquiries to institutional investors with large holdings in the Indian conglomerate, according to the sources. Adani Group has denied the accusations and stated that its disclosures are full and complete.

Foreign institutional investors (FIIs) have spent around 40% of their Rs 13,000 crore investment in Indian equities in June on financial stocks, but banks and other financial shares have failed to perform over the past month, indicating domestic investors and mutual funds are selling off holdings to generate profits. Analysts suggest domestic investors are investing in smaller banks and non-banking financial companies, adding the financial sector is sufficiently diverse to support such investment. HSBC recently described India's financial sector as an investment destination for the current decade.

Stocks of Landmark Cars, Sterling and Wilson Renewable Energy, and East Trip Planners witnessed a surge in their prices on Friday following multiple block deals, with the shares rising between 6.5% and 4%. Reports suggest that block deals worth Rs 293 crore took place in Landmark Cars, with 44.56 lakh shares exchanging hands, while nearly 35 lakh shares were transacted in Sterling and Wilson worth Rs 103 crore. On the other hand, Easy Trip Planners only witnessed a transfer of 3.6% of its equity, with nearly 62.6 million shares being involved in the deal.

Nifty IT fell over 1% on Friday following Q3 results from Accenture, which had a negative effect on Indian IT peers. Although Accenture's revenue growth met expectations, investors were concerned about the lowering of its FY23 revenue growth guidance band, which could drag on margins and pose risks to LTIM, TechM, Infosys and HCLT. With the sector still trading at a premium amidst worsening demand, Jefferies analysts have maintained a cautious stance. Nomura is concerned about the demand outlook for Indian IT services. Meanwhile, Motilal Oswal prefers TCS followed by HCL Tech and Infosys.

Brokerage firms JPMorgan, BofA Securities, and Kotak Institutional Equities have released their recommendations on Bajaj Auto, Paytm, HDFC Life Insurance, and Tata Motors, for investors to consider. JPMorgan keeps an overweight rating on Bajaj Auto, while BofA Securities maintained a buy rating on Paytm. Kotak Institutional Equities recommends a buy rating on HDFC Life Insurance but suggests a reduce rating on Tata Motors. The firms provided their respective target prices for each stock, citing reasons such as margin improvements, improving margins, and investment in business growth.

The Futures Long Position Scan performed on Thursday revealed Aggressive New Long positions on the counters of 5 major stocks. 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)

The Indian stock market may consolidate due to muted global cues, with the S&P BSE Sensex dipping nearly 300 points on Thursday putting the Nifty50 below 18,800. The India VIX had an increase of 2.28% from 11.29 to 11.54 on Thursday, with volatility climbing out of its range on the daily frame. Recommendations from various experts included selling United Spirits and Gujarat Gas, or buying Balrampur Chini Mills and L&T, with an immediate trading range of 18,650 to 18,900, suggests analyst Chandan Taparia.

Polycab India, Aptus Value Housing Finance and Mazagon Dock Shipbuilders have all formed a Bullish Harami Cross pattern, which typically appears after a downtrend. The pattern suggests a potential trend reversal, with a small bullish candle indicating buying pressure and a possible shift in sentiment. However, it is important for investors to assess the financial performance, order book and growth prospects of each company before making an investment decision based on the pattern.

Shares of 13 companies went ex-dividend on Friday, including PNB, Raymond, and Torrent Pharma. PNB declared a dividend of Rs 32.5 per share, while Torrent Pharma announced 160% or Rs 8 per share. Raymond declared a dividend of Rs 3 per share. Other stocks that turned ex-dividend include Dhampur Bio Organics, Dalmia Bharat, BN Rathi Securities, Dutron Polymers, GHCL, Medico International, Plastiblends India, Shriram Pistons and Rings, SKP Securities, and Sky Industries. The record date or eligibility of shareholders varied for each company and dividend amount per share ranged from Re 0.1 to Rs 32.5.

Bearish reversal scan on the candlestick screener can help in ascertaining stocks which can slip downward from an uptrend zone. Here is a list of 4 large- and mid-cap stocks that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

Sensex drops nearly 200 points, Nifty below 18,750; Landmark Cars jumps 4%, ONGC sheds 2%; Vodafone Idea, Infibeam Avenues, Trident are some of the gainers in morning trade.

Asian stocks headed for their worst week in three months on Friday as a string of hotter-than-expected inflation prints and hawkish central bank surprises made investors nervous about the economic toll of taming runaway prices.

The resumption of an up-move in price has been backed by an increase in volume, supporting bullishness

Five stocks, including Punjab National Bank, RBL Bank, L&T Finance Holdings, Bharat Heavy Electricals and Hindustan Copper, will be under F&O trade ban on June 23 except in the cash market. RBL Bank is the latest addition to the ban list. A stock enters the ban period once the open interest on it reaches 95% of the market-wide positions limits and the ban is lifted only after the open interest falls below 80%. The Sensex and Nifty50 indexes ended Thursday higher, with the Nifty Bank down 0.31% at 43,724.85.

Nifty futures on the Singapore Exchange traded 15.5 points, or 0.08 per cent, higher at 18,846.50, signaling that Dalal Street was headed for muted start on Friday. 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, we have collated a list of 11 stocks that witnessed a 5-year swing high at the close on June 22, suggesting bullishness in counters, according to stockedge.com's technical scan data.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 company has been sliding lower since making a peak in January. Recently, it formed a bottom in April and has been rising gradually, thereafter. Now the price has given a falling-trendline breakout, which suggests that the short-term trend has turned bullish. The breakout is supported by a rise in volume, which increases the reliability of the breakout.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Vinay Rajani has a buy/sell recommendation on L&T Fut and Gujarat Gas Fut while Nooresh Merani has a buy/sell recommendation on L&T and Bharti Airtel for today's trading session. Check out the targets and stoploss.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 5 stocks with m-cap over Rs 1000 crore that have established a bullish engulfing pattern on Thursday and hint at bullish reversal in the future. (Source: StockEdge)

In the Nifty500 pack, seven stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 22, 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:

Indian benchmark indices Sensex and Nifty closed lower after a volatile trade, with Sensex dropping by 284 points to settle at 63,238.89 and Nifty falling by 85 points to18,771. Delhivery lost 1.89%, L&T Finance fell by 2.39%, and APL Apollo Tubes rose 4% on Thursday. Kotak Securities Technical Research Analyst, Amol Athawale, suggests buying Delhivery stock above 400, buying L&T Finance stock on dips, and buying APL Apollo Tubes above Rs 1330 to encourage an uptrend rally up to 1450, suggesting selling if it drops below 1330.

Asian stocks are headed for their worst week in three months as hotter-than-expected inflation reports and hawkish central bank surprises raise concerns about the economic consequences of dealing with runaway prices. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7% and is down 3.6% for the week, while Japan's Nikkei fell 1%. Wall Street posted meager gains overnight, but S&P 500 futures slipped 0.4% on Friday. In bond markets, US Treasuries were sold after Fed Chair Jerome Powell reiterated that further interest rate hikes are likely.

In the Nifty500 pack, five stocks 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 22.

The S&P 500 and Nasdaq closed higher, boosted by tech momentum stocks led by Apple and Microsoft, while industrials and financials held the blue-chip Dow essentially flat. The robust gain of Nasdaq got a boost after Federal Reserve Chairman Jerome Powell reiterated the view that more interest rate hikes are imminent but provided reassurance that the Fed would proceed with caution. Investors were taken by surprise when the Bank of England implemented a larger-than-expected 50 basis point rate hike to tackle stubborn inflation. At last glance, financial markets have priced in a 77% probability of another 25 basis point rate hike at the conclusion of the Fed's July meeting according to CME's FedWatch tool.

Markets regulator SEBI has passed an interim order, barring Eros International Media, and four other entities from the securities market until further notice on alleged breach of trade practices regulations.