Several S&P BSE Smallcap stocks, including Arvind, Kirloskar Industries, Waaree Renewable Technologies, AstraZeneca Pharma, Safari Industries, and KEI Industries, are approaching their 52-week high levels, indicating strong momentum and growth potential. According to data collated from Trendlyne on these companies, they exhibit stability, resilience, and reflect increasing demand for clean energy and quality travel products, as well as the ability to deliver innovative healthcare solutions and strong performance in the electrical cables and wires industry.

Several BSE Midcap stocks, including Max Financial Services, Supreme Industries, ICICI Securities, Polycab India, Indraprastha Gas, Tube Investments of India, Endurance Technologies, and Kansai Nerolac Paints, have recently crossed above their 200-day Simple Moving Average, indicating strong performance and potential for further growth. These developments showcase positive momentum and reinforce a bullish trend for the stocks, attracting investor attention.

Nine small-cap BSE-listed companies have reached their 52-week highs. The companies are in a diverse range of sectors, including packaged food, microfinance, breweries and distilleries, specialty chemicals, healthcare, industrial machinery, electrical equipment, and renewable energy generation. Investors need to consider factors such as financial performance, market trends, industry dynamics, and company strategies before making any investment decisions. Although past performance does not guarantee future results, these companies reaching their 52-week highs align with their resilience, innovation, and market opportunities.

The potential upgrade of Korea from an emerging market to a developed market by global index provider MSCI could inject $26bn into Nifty, already buoyed by $9bn of foreign institutional inflows (FIIs), unless delayed by not making it to this year’s DM watchlist. The upgrade will likely result in China and India benefiting from an outflow of $39bn and an inflow of $26bn, respectively. An actual inclusion is only feasible in late 2024 and will see active funds positioning ahead of the inclusion and passive/indexed fund flows occurring much later.

The BoE is set to raise interest rates for the thirteenth time in a row, a day after inflation data came in higher than expected again, but bets were almost evenly split between a 25-basis-point (bps) and 50-basis-point hike.

Investor behaviour is influenced by several biases that can cloud judgement, resulting in suboptimal investment decisions. Some of these biases include self-attribution, herd mentality, trend-chasing, loss aversion, disposition effect, representativeness, confirmation bias, familiarity bias, and recency bias. Investors should identify and understand these biases to avoid their ill effects. It is important to stay objective, invest for the long term, identify risk tolerance, determine an appropriate asset allocation strategy and rebalance portfolios regularly to generate higher returns. Seeking advice from a professional investment advisor can also be beneficial.

Beta is a measure of the sensitivity of the stock’s price relative to the benchmark index or the overall market. The market beta is 1 and in case the stock has a beta value of 0.3, this implies that the stock is just 30% volatile when compared to the overall market or index.So, using the StockEdge’s data, here are 4 low beta, low return stocks from the midcap pharma space

The BoE is set to raise interest rates for a thirteenth time in a row, a day after inflation data came in higher than expected again, but bets were almost evenly split between a 25-basis-point and 50-basis-point hike.

Chip industry heavyweights Advantest and Tokyo Electron sank 6.86% and 4.57%, respectively, following a decline by U.S. peers and paring a recent surge driven by euphoria over artificial intelligence.

Nine small-cap BSE-listed companies have reached their 52-week highs. The companies are in a diverse range of sectors, including packaged food, microfinance, breweries and distilleries, specialty chemicals, healthcare, industrial machinery, electrical equipment, and renewable energy generation. Investors need to consider factors such as financial performance, market trends, industry dynamics, and company strategies before making any investment decisions. Although past performance does not guarantee future results, these companies reaching their 52-week highs align with their resilience, innovation, and market opportunities.

Specialty chemical company Deepak Nitrite's stock price rose by 12% in one month, reaching over Rs 2,200. Experts predict that the rally may not be over yet, and short-term traders can buy the stock for a target above Rs 2,500 in the next one to two months. Additionally, the short-term moving average crossed the long-term moving average, and a breakout descending triangle pattern on the weekly charts suggests the possible reversal of the trend. The RSI also exhibited a breakout on a weekly timeframe, highlighting positive momentum.

Kotak Institutional Equities has initiated coverage on Mankind Pharma and given it an 'Add' rating with a target price of Rs 1,875. The brokerage expects Mankind to show significant growth in branded Rx, consumer healthcare and international segments over FY 2023-26E, leading to 15%, 22% and 26% sales, adjusted EBITDA and adjusted PAT CAGRs respectively. The stock is valued at a premium against peers such as Cipla, Zydus, Lupin, Alkem and Dr Reddy's due to its superior growth prospects. The brokerage notes Mankind's consistent outperformance, well-rounded portfolio and industry-leading return ratios.

Tokyo's Nikkei 225 index closed lower on Thursday as a result of US Federal Reserve chief Jerome Powell's warning of more interest rate hikes. The Nikkei index fell 0.92 percent on the back of Powell's suggestion that further rate hikes were necessary to tackle the underlying inflation. Consequently, US indices all fell overnight. Chip-linked shares were among Tokyo's losers, with Advantest and Tokyo Electron declining by 6.86 percent and 4.57 percent respectively. On the upside, Toyota ended up 0.99 percent.

Indian IT company Wipro has launched its biggest share buyback programme worth INR120bn ($1.7bn). The buyback option is being offered at a premium of 15.4% to Wednesday's closing price, and small retail investors with holdings under INR200,000 will be offered 15% of the total buyback sum. The deadline for applications is 29 June, and shareholders whose shares are accepted will receive consideration from the broker by 6 July, while shares bought back will be extinguished by 17 July, reducing the equity base of the company.

Indian equities are currently experiencing record trading levels, with the benchmark index Nifty hitting a new all-time closing peak of 18,856 on June 21, 2023. Nifty has witnessed a rise of approximately 4% in the year 2023 so far, and among the Nifty50 pack, 39 stocks have shown positive returns but there are still 11 stocks that continue to trade below their 2022 levels. (Data Source: ACE Equity)Within the group of declining stocks, 9 have experienced a fall of over 10% from their 52-week high levels. Interestingly, 9 out of these 11 stocks exhibit more strengths than weaknesses based on the SWOT analysis of Trendlyne data.

Lupin witnessed a fall of over 4% to Rs 838.1 in intra-day trade on BSE after brokerages such as Jefferies, Kotak, and Bernstein maintained a reduce, underperform, and market-perform rating, respectively, on the stock. Jefferies found the gSpiriva approval positive but widely anticipated and indicated an expensive PE valuation. While Kotak believes gSpiriva's upside is priced in, it stays cautious given Lupin's weak execution record and subpar margin practice. Additionally, Bernstein stated that Lupin is trading higher than Sun Pharma.

Indian IT company Wipro has launched its biggest share buyback programme worth INR120bn ($1.7bn). The buyback option is being offered at a premium of 15.4% to Wednesday's closing price, and small retail investors with holdings under INR200,000 will be offered 15% of the total buyback sum. The deadline for applications is 29 June, and shareholders whose shares are accepted will receive consideration from the broker by 6 July, while shares bought back will be extinguished by 17 July, reducing the equity base of the company.

As the headwinds for the auto sector start to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

Real estate and manufacturing sectors outperformed cyclical sectors in the first half of 2023 in India. The realty sector registered about 20% returns in January-June 2023, against negative results of 19% in the same period last year, with the residential segment recording significant sales and sales launches during the same period. The S&P BSE Capital Goods index rose 20% from June 2022, riding on the government’s focus on infrastructure and local manufacturing. Meanwhile, the power and oil and gas sectors saw almost no gains as the S&P BSE Power index dipped by 9%, while the S&P BSE Oil and Gas index saw a fall of over 10%.

Recent spike in prices of sugar futures in the global commodity markets have brought back focus on the sugar sector. However, in the case of India, the sugar sector has been going through a transformation much before that and the bottom lines are becoming better for a large majority of companies As the underlying macro changes sugar companies are making a comeback on the analyst list. Also institutional interest has seen a significant increase in the last few 6 to 7 years in selected stocks.

Shares of Sansera Engineering surged by over 8% on the NSE after multiple block deals were witnessed, with the stock reaching a 52-week high of Rs 914.55. The block deals triggered buying action as momentum indicator MFI went into an overbought zone. The company manufactures precision components for automotive and non-automotive sectors and reported a Q4FY23 net profit of Rs 35.1 crore. The average broker target on the stock is Rs 946.50, representing an almost 8% upside from the current level.

One by one each sectoral index is touching a new high, clearly indicating that bulls are not only in control of the street but also every corner of the street. These stocks have seen their score improvement and some of them have moved out of negative territory over the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Jefferies upgraded Shriram Finance to "buy" and retained a "buy" rating on L&T while Antique initiated a "buy" on Paradeep Phosphates. Kotak Institutional Equities maintained a reduced rating on Lupin. Jefferies believes L&T is positioned for order flow traction, while Paradeep Phosphates is firing on all cylinders, poised to reap great benefits from recent capacity expansion. Lupin's upside from gSpiriva is priced in, and it has a weak execution track record, limited medium-term US pipeline, and subpar margin profile, said Kotak Institutional Equities.

Indian IT company Wipro has launched its biggest share buyback programme worth INR120bn ($1.7bn). The buyback option is being offered at a premium of 15.4% to Wednesday's closing price, and small retail investors with holdings under INR200,000 will be offered 15% of the total buyback sum. The deadline for applications is 29 June, and shareholders whose shares are accepted will receive consideration from the broker by 6 July, while shares bought back will be extinguished by 17 July, reducing the equity base of the company.

So far in FY24, Nifty surged nearly 9% amid continued FII buying and declining crude oil prices. Meanwhile, a host of brokerage firms have initiated ‘buy’ coverage on several stocks. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 48%. Here is a list of 7 stocks on which brokerages initiated coverage:

"A Rajkot-based forging company having expertise in manufacturing precision forged and machined components. This stock is a proxy play to the bearing segment and is available at a discounted valuation to domestic bearing players. The stock trades at a P/E multiple of 20.5x its FY2025 estimates," Abhishek Gaoshinde, Deputy Vice President Research at Sharekhan by BNP Paribas, said.

Amidst a sideways journey of Sensex, Nifty Smallcap Index is up almost 20% in the last 3 months and at least 18 smallcap stocks have made investors richer by delivering multibagger returns. If the BSE Smallcap index closes this week on a positive note, then this will be the longest gaining streak in its history. The quarterly results season in the smallcap space was better in Q4FY23 due to fall in input and interest costs and pickup in demand. Other factors behind the gold rush in smallcaps include: catching up with largecaps, optimism surrounding the March quarter earnings, and continued support from domestic investors, particularly through mutual funds.

In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 21, according to stockedge.com's technical scan data. The 200-day daily moving average (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:

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

The deal is expected to fetch the PE firm as much as Rs 709.5 crore, or $86 million, deal terms, ET reported. With this block deal, Carlyle will exit its entire remaining shareholding in Delhivery.

Sensex sheds over 50 pts, Nifty tests 18,850; Delhivery jumps 5%, Lupin drops 2%; Vodafone Idea, Tata Steel, IDFC First Bank are some of the losers in the morning trade.

On the candlestick screener, a bearish reversal pattern helps identify stocks that can convert into a downward trend from the current uptrend. So, here are 9 smallcap stocks that have established a Gravestone Doji pattern and signify bearish reversal. (Source: StockEdge)

The Indian market is expected to consolidate amid mixed global cues, as India VIX increased by 1.44%, while smaller ranges are being seen on the volatility front. The weekly maximum call OI is at 19,000 and the maximum put OI is at 18,800, suggesting a shift in the broader trading range between 18,600 to 19,000 and an immediate trading range of 18,700 to 18,950.

From the Sensex pack, Infosys, Power Grid, Tech Mahindra, Kotak Bank, HUL, and HCL Tech opened with cuts, while Tata Steel, M&M, HDFC Bank, ICICI Bank, HDFC, Bajaj Finserv opened with gains.

The stock of this company has been sliding lower since forming a top in October 2022. However, the stock has managed to hold on to its March low and has been consolidating ever since. Recently, the price has formed a higher low and has started rising gradually. The upside move is supported by an increase in volume.

Six stocks, including Punjab National Bank, Delta Corp, L&T Finance Holdings, Bharat Heavy Electricals, Hindustan Copper and Hindustan Aeronautics Limited, are under the futures and options ban for trading on June 22, 2023. However, the stocks will be available for trading in the cash market. F&O contracts enter the ban period when open interest exceeds 95% of market-wide position limits and are only reversed if open interest falls below 80%. S&P BSE Sensex and Nifty50 ended positively on June 21, with Nifty expected to reach the milestone of 19,000 and beyond in near future.

Nifty futures on the Singapore Exchange traded 29 points, or 0.15 per cent, lower at 18,880, signaling that Dalal Street was headed for negative start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

On Wednesday, the markets went into an oscillating mood, opening on a positive note but were unable to hold on for long, The Nifty opened in the green, marking a high point in the early hour but could sustain, moving into the red in the afternoon. It however, ended the day with a rise of one-fifth of a percent.

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 Tata Chemicals and PFC while Nooresh Merani has a buy/sell recommendation on Hero Moto and Tata Chemicals for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks, seven stocks with a market cap of over Rs 250 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 21.

In the Nifty500 pack, 10 stocks crossed their previous 5-year high value at the close on June 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

In the Nifty500 pack, nine stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 21, according to stockedge.com's technical scan data. The 200-day daily moving average (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:

Equity benchmarks rose to record high levels, boosted by uninterrupted foreign inflows and positive global trends. The BSE Sensex increased by 195 points, settling at 63,523, and Nifty finished at 18,856 in an advance by 40 points. Blue Dart climbed by 7.54%, ZEEL performed by 3.87%, and Aether Industries' shares surged by 10%. Technical and Derivatives Analyst Riches Vanara has recommended investors to buy Blue Dart and Aether Industries as well as avoid ZEEL. Blue Dart showed a double bottom formation on weekly charts and high volume buying interest, whereas ZEEL has had more supply than demand since 2018. Aether Industries has displayed strong consolidation looking to break out.

In the Nifty500 pack, 10 stocks crossed their previous 5-year high value at the close on June 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

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

Domestic factors like falling inflation, robust tax collection and a stable rupee have supported the rally over the last two months, brokers and analysts said.

Asian shares started tentatively on Thursday after Federal Reserve chair Jerome Powell maintained his hawkish tone, increasing speculation about the future rate policy path from the US central bank. MSCI's Asia-Pacific shares index outside Japan was marginally lower. The index fell more than 2% during the week, ending its week-winning run. Futures indicate a third of a percentage point fall for Japan's Nikkei. The Bank of England's decision on a widely expected hike, as the UK posts inflation rates at their highest since 2008, will be watched closely. The oil price remained largely stable while the Turkish lira suffered a slide to record lows.

The three major US stock indexes declined for a third straight day, with tech-related shares weighing heavily, after Federal Reserve Chairman Jerome Powell reinforced the central bank's commitment to reducing inflation and hinted at further interest rate increases. Tesla, Microsoft, and Nvidia were among the worst performers. At last glance, the markets had priced in a 74.4% probability of a further 25 basis point rate rise. Energy stocks led the gainers, while UPS and FedEx were among the biggest decliners and crypto firms Riot Platforms, Coinbase, Marathon Digital, and Bit Digital gained.

"This stock from cement space has been trading in a consolidation range for the last one and a half years, after the phenomenal rise from March 2020 low. Technically, it is set for a breakout from a triangle pattern as it has formed a fresh base around the upper band of the range," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Nest and TCS expand strategic partnership to provide enhanced member experience. The contract value was signed for £840 million with an initial tenure of 10 years.