Option data suggests a shift in broader trading range in between 18550 to 19000 zones while an immediate trading range in between 18650 to 18850 zones.

ET first reported on May 29 that BPEA EQT was set to acquire the education loans business from HDFC group. ET reported that the buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period.

The Adani Group is seeking to refinance $3.8bn of loans taken to acquire cement assets and has reportedly started discussions with "at least" five additional international banks to expand its group of lenders. The majority of Adani's existing lenders, consisting of Barclays, Deutsche Bank and Standard Chartered, are anticipated to participate in the refinancing, with the group due to begin meeting with potential new lenders.

According to the term sheet issued by BofA Sec, Timken Singapore has fixed the floor price at 3,000 a share, a 14% discount to Monday’s closing price.

The brokerage has projected the stock to touch ₹1,088 by FY27, implying a compounded annual growth rate of around 26%. It has also upgraded the rating on Jindal Steel to a 'buy' from 'reduce' earlier. The stock rose 5.7% to ₹575.35 on Monday.

The Jalandhar-based lender, the country's first small finance bank, allotted 1.06 million shares to the insurance company at ₹468 per share. The capital infusion is likely to raise the capital to about 20.8%, the bank said. - Our Bureau

The addition of penal interest and other charges in stressed accounts have brought down recovery ratios even though recovery of the principal amount has been high.

The division bench of justices GS Patel and Neela Gokhale temporarily stayed the central bank's master circular till the next date of hearing in view of the Supreme Court's earlier order which clarified that borrowers must be heard before their accounts are classified as fraud.

Abrdn Investment Management, formerly known as Standard Life, plans to sell its entire 10.2% stake in HDFC Asset Management Company in an open market transaction. The sale of 2.18 crore shares will be priced between Rs 1,800 and Rs 1,892.45 per unit, with an expected value of Rs 3,920 crore.

The regulator alleged that IIFL has not implemented Sebi rules framed in 1993 in its true spirit by 25 years. It has also continuously been found involved in unauthorized use of credit clients' funds for the purpose of meeting the obligations arising out of its proprietary trades and the trades of debit balance clients.

The strategic initiative between NSE IX and SGX enables Gift Nifty orders from SGX members to be routed to NSE IFSC for trading and execution with clearing and settlement through SGX Derivatives Clearing.

The merger of HDFC Bank and HDFC Ltd will have an impact on the deposit holders of HDFC Ltd. The bank is likely to offer deposit holders of the mortgage company the option to either withdraw their funds or renew deposits at the interest rate being offered at that time. Interest rates are unlikely to change until maturity but those opting for renewal of fixed deposits would likely get marginally lower interest rates compared to what they got at HDFC.

Besides the two leaders cited above, PI Industries, Aarti In.dustries, Sumitomo Chemicals, and Coromandel International are some of the preferred picks of analysts in the space. The monsoon onset has been delayed due to Cyclone Biporjoy, resulting in deficient rainfall in June. According to the IMD, the Northwest and some parts of central India will likely receive deficit rainfall, while the Southern peninsula and North-east India are better off.

Dalmia Bharat's stock price has reached a 52-week high of Rs 2,289 on June 16. Short-term traders may buy the stock or expect a target of Rs 2,480-2,560 for 2-3 months. The momentum has supported the stock in maintaining a positive trend

Indiamart Intermesh and Gulshan Polyols are set to trade ex-bonus this week. Indiamart has announced a bonus of shares to investors which will be credited to shareholders whose names appear on its register of members maintained by the company’s registrar. Gulshan Polyols has also declared a bonus issue of shares to investors. With both companies set to release bonus shares, it will help in increasing liquidity of the stock and gradually decrease the stock price.

“It may be noted that the order does not affect the company’s existing business with the existing clients,” IIFL Securities said in an exchange filing.

Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking. Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said. After hitting its lifetime high on Friday, the 30-share BSE index fell 216.28 points to settle at 63,168. Nifty at the close ended 71 points lower at 18,755. Meanwhile, broader markets continued to show strength, with both Nifty Smallcap 100 and Nifty Midcap 100 indices marking a new 52-week high intraday.“Nifty is currently placed at the key resistance of around 18900 levels, which is near the important top of 1st of Dec 22 at 18887. The market has been showing sustainable uptrend over the last few weeks and bearish patterns in between have not been impacted much, as we observe lack of sharp selling interest in the market. The immediate support of 10 day EMA is intact for the last 15 sessions and 20 day EMA has not been violated on the downside since the past three months,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are the stock recommendations for Tuesday:

Private equity firm TPG Investments sold all its shares in Shriram Finance through its Indian arm, TPG India Investments, which amounted to 2.64% of the company. The sale reportedly earned the PE firm INR13.89bn ($185.84m). Shriram Finance, offering consumer services such as automobile, commercial vehicle, business and gold loans, is majority public-owned with 74.49% stake, the rest being owned by promoters, and has performed well this year.

Indian retail investors and wealthy citizens largely stay away from investing in startups, resulting in heavy dependence on foreign venture capitalists and big investment houses. CEO of Zerodha, Nithin Kamath, suggests incentivising them with tax relief and capital gains exemption for startup investments, similar to the UK, to utilise local wealth stuck in fixed assets. Kamath believes wealth creation must be captured by a vast number of Indians to spread wealth inclusively and not just the elite, which can only happen when retail investors move assets to back Indian entrepreneurs.

NSE International Exchange (NSE IX) will start trading the Gift Nifty derivative contracts on July 3, which is accessible for almost 21 hours across Asia, Europe, and US trading hours. Gift Nifty offers foreign investors a single pool of liquidity and venue to access dollar-denominated Nifty derivatives at NSE IX regulated by the International Financial Services Center Authority (IFSCA). Initially, participants can access Gift Nifty 50, Gift Nifty Bank, Gift Nifty Financial Services and Gift Nifty IT derivative contracts, and later, other indices will be unveiled under the Gift Nifty suite.

Ashok Leyland is set to sustain momentum after gaining 25% on bourses for three months due to market share growth. The CV maker, India’s second largest, expanded its operations in North and Central India, saw its market share rise in several segments and grew its outlet network. Ashok Leyland plans to gain 35% of its market share in the next two years, with improving volumes and growing profitability. Despite easing discounting pressure, the company may also unlock potential value from EV subsidiary Switch Mobility and Hinduja Leyland Finance.

Promoter Abrdn Investment Management is set to sell its entire 10.2% stake in HDFC AMC through block deals, offering 2.18 crore shares at Rs 1,800-1,892 per share, a discount of almost 5% from current levels. The move comes ahead of a merger between the firms. With the sale, Abrdn will have sold both of its stakes in HDFC's subsidiaries, following the offloading of Agreed Technologies in May. HDFC AMC has 62.77% stake in the mutual fund group and the public shareholders, which includes FPI, mutual funds and LIC, own 23.8%.

Shares of Adani Enterprises, along with other Adani Group companies, have ended the day in the negative territory. The sharp fall in Adani Enterprises stocks of over 6% was backed by high volumes, making investors poorer by $1.4 billion. The fall in trading saw the stock snap a two-day winning streak, following a roller coaster ride in the last 3-4 months

The benchmark index Sensex witnessed a 216-point decline on Monday, closing at the 63,168 level. Nevertheless, despite the overall market downturn, 11 stocks listed on the BSE financial services index scaled new 52-week highs. The 52-week high is an important metric for certain traders and investors, as it serves as a key technical indicator for assessing the current value of a stock and for forecasting future price movements. It denotes the highest price at which a stock has traded in the previous year.

The IIFL Securities issue is dated back to 2014 when SEBI conducted an inspection of the book of accounts to check if they were compliant with the regulations.

ETMarkets has identified five Indian stocks with bearish Moving Average Convergence Divergence (MACD) crossovers. The list includes cement manufacturer Ambuja Cements, private bank Axis Bank, electrical equipment company Havells India, adhesives maker Pidilite Industries, and automobile manufacturer Tata Motors. While the bearish crossover indicates a potential downward trend, investors should consider factors such as financial performance, market conditions, and industry trends before making any investment decisions.

ETMarkets has used its screener to identify 5 stocks with Bullish MACD Crossover, indicating potential bullish trends. These stocks have a market cap of over Rs 50,000 crore and present opportunities for investors. Learn more about these companies and their businesses.

Several Indian stocks, including HDFC Bank, Kotak Mahindra Bank, and Indian Railway Catering and Tourism Corporation, surged above their 200-day Simple Moving Average (SMA) on June 16, 2023, signaling a potential shift in market sentiment and presenting new opportunities for investors. Crossing above the long-term moving average is considered bullish. The development has caught the attention of market participants who are closely monitoring the stocks for potential investment opportunities, especially HDFC and Kotak Mahindra Bank in the banking sector and IRCTC in travel and hospitality. Other stocks maintaining positions within a favorable trading range include Bajaj Finserv and Ambuja Cements.

Suryoday Small Finance Bank, Sandhar Technologies, and Cyient are among the BSE smallcap stocks nearing their 52-week highs, indicating the potential for a breakout. Suryoday has been steadily gaining momentum, while Sandhar reflects the market's confidence in its ability to capitalize on opportunities in the automotive sector. Cyient, a well-established engineering and technology solutions company, also exhibits strong potential for a breakout. Strides Pharma Science and Kirloskar Brothers are other notable stocks worth watching as they approach their 52-week highs.

Although Nifty almost hit a lifetime high at 18,881, it formed a bearish reversal pattern and ended 71 points higher. Nifty has been making higher highs for the past five sessions, but now there is pressure and profit-booking at higher levels. For an uptrend, Nifty has to cross and maintain above 18,777 zones. The support levels are at 18,710 and 18,676 zones. According to technical analysts, Bank Nifty is playing spoilsport and preventing Nifty from reaching an all-time high due to the head and shoulders pattern.

Stocks that were in focus included names like ITC, which closed flat but hit a fresh record high, Titan Company, which also hit a fresh high, and Alok Industries, which closed with gains of over 10% with high volumes on Monday.

Doji and Near Doji patterns play a key role in technical analysis by indicating market indecision and potential reversals or trend changes. Recent stocks exhibiting these patterns include Galaxy Surfactants, Five-Star Business Finance, Affle (India), One97 Communications, Endurance Technologies, RHI Magnesita India, Global Health, Adani Transmission, and Lloyds Metals & Energy. Investors should also consider other technical indicators, trend analysis, and market conditions before making investment decisions. Seeking advice from financial professionals or experts is recommended.

Discover potential investment prospects as we delve into the stocks that have recently closed above their 20-day Simple Moving Average (SMA). This informative article provides insights into these companies, empowering potential investors to make informed decisions based on recent market trends.

The bullish harami cross candlestick pattern signals a potential reversal in the stock's direction and can be a valuable signal for investors. It consists of a long bearish candle followed by a small bullish candle that is completely engulfed within the previous candle's body. Several companies, including Galaxy Surfactants and Union Bank Of India, have exhibited this pattern, indicating a possible upward movement in the near term. However, potential investors should consider other factors and utilize comprehensive analysis before making investment decisions as investing in the stock market carries risks.

Reliance Power, Tata Teleservices, and Equitas Small Finance Bank were among the BSE smallcap stocks that saw increased delivery percentages and trading volumes, indicating growing investor interest. Reliance Power experienced a delivery percentage of 23.3%, Tata Teleservices recorded a delivery percentage of 50%, and Equitas Small Finance Bank saw a delivery percentage of 74.5%. Olectra Greentech and Tanla Platforms also saw rising delivery percentages. This surge in delivery percentage suggests a higher level of investor conviction and long-term buying interest in these companies, reflecting increased investor confidence and signalling a favourable sentiment towards them.

In the domestic equity market, the 30-share BSE Sensex declined 216.28 points or 0.34 per cent to settle at 63,168.30, while broader NSE Nifty fell 70.55 points or 0.37 per cent to close at 18,755.45. Both the indexes had risen 0.30% earlier in the session, with the Nifty 50 coming within 10 points of the previous record high of 18,887.60. Eight of the 13 major sectoral indexes declined with high weightage financials losing 0.3%.

Adani Transmission gets shareholders' nod to raise up to Rs 8,500 crore.

Among Sensex stocks, Kotak Mahindra Bank, Axis Bank, NTPC, HUL, ICICI Bank, and Bharti Airtel closed lower. On the other hand, Bajaj Finance, Bajaj Finserv, Tech Mahindra, TCS, Sun Pharma and Titan ended with gains.

Despite the underperformance of the equity mutual fund space, small-cap funds have done well in May, outperforming large- and mid-cap peers. Investors who are underweight on small-caps are advised to rebalance their portfolios by investing in them. Small-cap funds have received better inflows compared to mid-cap funds in the last two months, while large-cap funds have recorded net outflows of ₹1,362.28 crore ($184 million) in May. The current traction towards small-cap funds is due to attractive valuations in these stocks after their underperformance, according to Alekh Yadav, Head of Investment Products & Solutions at Sanctum Wealth.

Potential investors can benefit from growth potential by exploring the top 10 Nifty 500 companies that are currently trading at significant discounts from their 52-week highs. These companies include ACC Ltd., Aarti Industries Ltd., Aavas Financiers Ltd., Adani Enterprises Ltd., Adani Green Energy Ltd., Adani Power Ltd., Adani Total Gas Ltd., Adani Transmission Ltd., Adani Wilmar Ltd., and Aditya Birla Fashion and Retail Ltd. However, thorough research and analysis are essential before investing in the stock market, and consulting with financial advisors or experts is recommended to mitigate risks and maximize potential returns.

Bank of Baroda briefly hit a market capitalisation of INR1tn ($13.3bn) on 17 May, becoming the second Indian state-backed bank to do so, after rising almost 4%intraday. State Bank of India was the first to reach the milestone and is uninferred, with a market cap of INR5.08tn. Meanwhile, other Indian public banks have also made strong gains this year and the Nifty PSU Bank index is up 65% in the past year, outperforming the Nifty Private Bank index, which has only gained 33% in the same period.

ETMarkets has identified 8 stocks with RSI above 75, indicating overbought conditions. This article explores the business of these companies and provides informative data to assist potential investors in decision making.

Supertrend indicator helps traders by giving a relatively precise buy or sell signal in a trending market. Likewise, using the StockEdge data, these 3 Nifty 500 stocks signal a buy. Remember ATR or average true range considered here is of 10 days and multiplier is 3.

Clear Science and Technology, a commodity chemical company, has shown signs of bottoming out and a potential reversal on daily charts, with a morning star pattern formed. Traders willing to take high risks may consider buying the stock for a potential bounce back toward the 1500 levels, while bulls may have a chance to bounce back if the stock can hold 1300 levels. The stock, which hit its 52-week high of Rs 1,978 in September 2022, is currently trading at Rs 1,368, which is a downturn of over 30%.

Oversold stocks can provide investment opportunities for savvy investors, and the Relative Strength Index (RSI) is a popular indicator for identifying them. ETMarkets has listed eight stocks with an RSI below 30 and a market cap over Rs 100 crore, including Indian Energy Exchange and D P Abhushan. It's important to conduct thorough research and analysis before making investment decisions, taking company fundamentals, industry outlook, market conditions, and personal risk tolerance and goals into account.

High net-worth individuals in India have benefited from the bull market, earning up to 80% returns in just over two months after increasing their holdings in select stocks. Of 182 bets made during Q1, 125 beat the benchmark, with nine stocks rallying over 45%. Early stage food delivery firm Zomato, in which HNIs hold a 1.43% stake, has seen gains of 45.35% so far this fiscal year. Other companies showing strong YTD growth with increased HNI holdings are Rail Vikas Nigam, Cholamandalam Financial Holdings, HEG, Intellect Design Arena, Prestige Estates Projects, Astral, Welspun India and Godrej Properties.

Small-cap companies have been surging on the BSE, with several reaching their 52-week highs, offering unique opportunities to investors. This article lists the top 10 small-cap stocks that have attained new breakout points, which include firms such as Ajmera Realty & Infra India and Bharat Dynamics. These companies represent different sectors such as defence and logistics and display unique strengths such as strategic expansion or technological expertise. Investors interested in capitalizing on this market trend should keep abreast of developments to make informed investment choices while consulting with financial experts.

5 large and midcap stocks generate a bearish signal and suggest that it may be time to sell these counters as the MACD crosses down through the signal line. (Source: StockEdge)