Six out of the top-10 most valued domestic firms in India added a total of Rs 1,13,703.82 crore in market valuation last week, with Reliance Industries being the highest gainer. While the BSE benchmark rose 1.21%, Reliance Industries gained Rs 63,259.05 crore taking its valuation to Rs 17,42,415.47 crore. Companies like ITC, Infosys, HDFC, Bharti Airtel, and Hindustan Unilever Limited were the gainers. However, TCS, HDFC Bank, ICICI Bank, and State Bank of India faced erosion of their market valuations last week.

The last time El Nino hit the world strongly was back to back in 2014 and 2015, with the impact of the second year being stronger.India had 12% lower rains in 2014 which led to almost 5% fall in grain production in 2015 at 252 MT. Interestingly 2013 (F2014) was a record production year for agriculture with the industry producing 265mt, which led to increase in inventory buffer.

Father's Day is not just about life lessons, emotional support, and guidance, it's also the perfect moment for fathers to teach their children about money matters. Financial literacy is essential in today's complex world, and fathers can become valuable mentors to their children's financial journeys. Teaching children the importance of saving, budgeting, smart spending, and early investments can instill financial responsibility, confidence, and a foundation of financial literacy. It's time for fathers to prioritize their children's financial education and navigate the world of money together to build a prosperous future.

As interest rates in India have peaked and look unlikely to fall soon, debt mutual fund schemes are attracting investors. Retail holdings of such funds have boomed with a compound annual growth rate of around 35% over the past three years. In contrast, equity schemes have seen inflows of only INR7.2bn ($105,303) over the past two months, while debt fund schemes brought in INR1.5tn over the same period. Liquid funds have attracted INR1.08tn over the past 60 days, with more coming in due to their suitability for short-term requirements.

Peter Lynch, an American investor and mutual fund manager, is best known for growth at a reasonable price approach to investing. Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates. MarketSmith has created a custom screen based on Lynch's investment style, which identifies securities that are trading for below-average prices on a PE or PEG basis and are not already widely owned by institutions. Here are 8 Indian stocks matching Peter Lynch's investing style, as listed on MarketSmith:

Indian benchmark indices are approaching their all-time high levels and a new record may be achieved soon, says Sameet Chavan, head technical and derivative research, Angel One. Nifty50 is just 62 points away from its life high of 18,887.6 points, while the Sensex is 162 points away from its all-time high of 63,583.07 points. Investors will closely monitor the trend of global macroeconomic indicators, such as the Bank of England interest rates decision, and monsoon rains in India, to sustain this momentum. Foreign portfolio investments have also played a key role in sustaining the Indian market.

Foreign portfolio investors (FPIs) continue to show interest in the Indian equities market, having invested Rs 16,405 crore in June so far on the country's economic rebound and positive growth outlook. FPI flows have gained momentum following a nine-month high of Rs 43,838 crore in equities in May. Sectorwise, capital goods, automobiles, auto components, and financials continue to be in favour among FPIs, while they are sellers of IT, metals, power, and textiles stocks. FPI investment is expected to continue thanks to positive corporate earnings, supportive policy environment, and ongoing economic recovery.

Gold closed the week with a minor loss of 0.10% settling at $1958 amidst a data and event-heavy week. The US Dollar Index closed with a weekly loss of over 2% at 102.30. The Federal Reserve held interest rates as expected in its FOMC meeting but projected a terminal rate projection for 2023-end at 5.60%, higher than the previous projection of 5.10%, indicating its intention to hike the rate twice more this year. The ECB hiked the deposit rate by 25 bps and the Bank of Japan maintained its ultra-easy monetary policy. Next week, investors will look forward to Federal Reserve Chair Powell's semiannual monetary policy.

Indian benchmark indices are approaching their all-time high levels and a new record may be achieved soon, says Sameet Chavan, head technical and derivative research, Angel One. Nifty50 is just 62 points away from its life high of 18,887.6 points, while the Sensex is 162 points away from its all-time high of 63,583.07 points. Investors will closely monitor the trend of global macroeconomic indicators, such as the Bank of England interest rates decision, and monsoon rains in India, to sustain this momentum. Foreign portfolio investments have also played a key role in sustaining the Indian market.

Penny stocks have outperformed benchmark indices in India, with 636 penny stocks giving index-beating returns in the past week. Companies with market capitalisations of less than INR500 crore ($67m) have performed well in a positive market backdrop, with 60 penny stocks providing returns of 20-66%.

Penny stocks have outperformed benchmark indices in India, with 636 penny stocks giving index-beating returns in the past week. Companies with market capitalisations of less than INR500 crore ($67m) have performed well in a positive market backdrop, with 60 penny stocks providing returns of 20-66%. Mid-cap and micro-cap stocks are performing better than large-caps as 30 penny stocks had returns in the range of 20-30% in the past week. The broader market is making gains while benchmark indices are slowly rising towards lifetime highs. Investors are urged to keep an eye on macro trends and the progress of the monsoon season.

The COVID-19 crisis has boosted digitalization and increased awareness of the equity markets among Indians, resulting in a dramatic increase in the number of demat accounts and mutual fund SIP books. The middle and upper-middle classes have become wealthier during the pandemic, as they have reduced their discretionary consumption and increased savings. Experts predict that India will become a manufacturing and services-oriented economy, and renewable energy, rapid digitalization, and artificial intelligence will emerge as key growth themes in the next 14 years. The country has a proactive government, a large population, and a growing urbanization trend, making growth a surety in the future.

Remember in the basics of the Options course, we mentioned that premium price is made up of two factors: Intrinsic value and Extrinsic value, and how Extrinsic value is complicated to understand.

Veteran stock market investors in India have picked Restaurant Brands Asia (RBA), which owns a chain of restaurants including Burger King, as the next big investment opportunity. The stock is not currently in the limelight, however RBA is poised to grow faster and create cash flows in the future. The stock is currently trading at Rs 107-108, a price that experts believe makes it a great opportunity for conservative value investors. Analysts have also made recommendations for other stocks to watch in the smallcap and multibagger sectors.

The turnover in benchmark Sensex derivatives reached Rs 3.42 lakh crore during Friday's weekly expiry, which is double last week's amount. The derivatives now boast a steadily growing open interest, indicating market participation. BSE has overlooked the lucrative derivatives market for years, with NSE monopolising the sector in India and even becoming the world's largest derivatives exchange in 2018. However, since relaunching derivatives contracts last month, BSE has seen growing interest from market participants as it attempts to win market share from NSE.

MD of Kotak AMC, Nilesh Shah, stated that Maharashtra's current GDP is equivalent to India's GDP in 2005, suggesting states will become as big as India. India is currently reflected in three areas: six out of 10 of the fastest growing cities were in India; India's pharma companies and IT companies are dominating the global system, and Indian culture has a history of evolution and adaptation. However, Indians have not evolved financially, investing in gold, real estate, collective investment schemes instead of supporting Indian entrepreneurs to benefit from the country's growth. Shah recommends focusing on management and governance of companies and sectors.

JBM Auto, a smallcap company in India's automotive sector, has delivered massive returns to investors over the decade, with shares rising by over 9962%. If an investor had invested INR 10,000 ($135) ten years ago, it would have swelled to INR 10 lakh ($13,540), according to ET Markets analysis.

The P/E ratio is a widely used financial metric employed by both momentum and value investors to evaluate a company. The P/E ratio is determined by dividing the stock price by the EPS for a period, revealing how much multiple times investors have to pay for every amount of earnings.

At a time when bulls are in control of the street, caution is thrown out of the window. While it is very tough to control the urge to buy a stock in a bullish market, it would be better to apply some filters which are helpful in avoiding some mistakes. 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".

In the last one month 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.

Gold prices have had a volatile week due to the central bank meeting, mixed US economic data and weakening USD. The yellow metal declined at the beginning of the week due to investor wariness ahead of the June FOMC meeting, but weakened further post-meeting as the Fed delivered a “hawkish skip.” Despite US short-term treasury yields inching higher, gold prices have not risen. However, they staged a rebound on Thursday due to weak economic data and hawkish ECB policy, closing at around $1,970 per troy ounce. The focus for the coming week will be on US housing data, manufacturing PMIs and speeches from several Fed officials.

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.

Nifty has broken crucial resistance levels of 18,800, leading to a bullish market. Writers of call options have been covering their positions, indicating a positive sentiment. The Nifty being above 18,800 and its moving averages below its current value support the bullish outlook. On the other hand, Bank Nifty has been weaker compared to the Nifty, with a support level at 43,700 and resistance level at 44,250. Nifty IT underperformed due to TCS's weakness, while Nifty Realty reached new highs, indicating a positive trend. Two top ideas include Bharat Forge and RITES for buying opportunities.

Citigroup strategists predict that the US bull-market rally in stocks is set to end. The bank has maintained its prediction of S&P 500 Index tumbling to 4,000 by year-end, with a new target of 4,400 by mid-2024. Citigroup has highlighted a looming US recession and apparent wariness among investors surrounding the S&P 500’s breakout.

Despite concerns over lousy earnings, large technology-related firms are on track to increase their combined profits to $315bn by 2023, which is almost double their pre-pandemic earnings in 2019. This growth rate could justify the stock market's surge despite the current economic climate.

Cement demand in India is expected to continue growing at a double-digit YoY rate in Apr-May 2023, backed by governmental infrastructure development and rising private capex and real estate demand. Consequently, cement companies expect volumes to increase approximately 10-20% YoY in FY24. Cement prices have remained stable since March 2023 due to lower input costs and are expected to remain unchanged given the strong demand. However, imported coal and petcoke prices have corrected in the past six months, and fuel cost trends and pricing behavior in the industry must be watched.

Misconceptions about the stock market often cause investors to miss out on opportunities. High-priced stocks surge to new heights, providing substantial returns, whereas penny stocks frequently lead to losses. Investors should recognize that a stock's price does not always correlate to its valuation and look at the underlying fundamentals. Retail investors should adopt a long-term perspective when analyzing high-priced stocks and focus on diligent research to identify potential opportunities. The Nifty is likely to continue its uptrend as long as it trades above the 20 DEMA, but Bank Nifty is facing resistance at the 44200 zone.

Positive macroeconomic data helped domestic markets, with the Nifty falling just short of all-time high levels. During the week, 26 BSE500 stocks provided double-digit returns, with Brightcom Group leading the way at 27%, followed by Wockhardt with 26%.

Citigroup strategists predict that the US bull-market rally in stocks is set to end. The bank has maintained its prediction of S&P 500 Index tumbling to 4,000 by year-end, with a new target of 4,400 by mid-2024. Citigroup has highlighted a looming US recession and apparent wariness among investors surrounding the S&P 500’s breakout. Although equities have been on the rise, Citigroup strategists are not convinced of the rally's sustainability, with Morgan Stanley and JPMorgan Chase also continuing their downbeat forecasts. The S&P 500 fell last Friday, its first decline in seven sessions.

Despite concerns over lousy earnings, large technology-related firms are on track to increase their combined profits to $315bn by 2023, which is almost double their pre-pandemic earnings in 2019. This growth rate could justify the stock market's surge despite the current economic climate. While Wall Street strategists have been concerned with the Federal Reserve's attempt to restrain the economy, stocks remain anchored by a combination of earnings accrued over time and optimistic expectations for the future. The Nasdaq 100 is up 38% YTD, backed by rising confidence in tech companies and their expected profit growth.

Bad monsoons and an increase in commodity prices could hamper the current rally in India's markets while US and European growth declines and inflation remains outside the target range may also restrict market gains, MRG Capital's CEO Manu Rishi Guptha said. Meanwhile, a decline, if any, could be set off by geopolitical factors outside anyone's control. Elevated interest rates and tighter liquidity conditions have improved the prospects of fixed income as a good alternative asset to equities, but there should still be a 50% allocation to equities due to the Indian economy's stability and demand growth.

Positive macroeconomic data helped domestic markets, with the Nifty falling just short of all-time high levels. During the week, 26 BSE500 stocks provided double-digit returns, with Brightcom Group leading the way at 27%, followed by Wockhardt with 26%.

Manu Rohit Jetly, Head of Shared Services and India Operations at Fidelity International, spoke with ETMarkets about his physical and mental fitness regime. Jetly runs 5km two to three times during the week and 10km on Sundays. He tries to cover about 90km per month, which amounts to roughly 1000km per year. Jetly also includes 30 minutes of free weights in his workout routine. In addition to physical fitness, he focuses on sleeping well, maintaining positive self-talk and visualizing goals. He also engages in photography, music, and reading, encouraging young people to stay fit, build networks, develop hobbies and remain positive.

The S&P 500 and Nasdaq ended the week lower due to Microsoft and other market heavyweights, as comments made by two Federal Reserve officials cast doubt on the central bank's plan to end aggressive interest rate hikes. Despite concerns about further rate hikes, economic data confirmed lower inflation, supporting the indexes. While Fed policymakers attempted to cool optimism, traders see the possibility of a pause or rate cut in December following the expected rate hike in July, according to CMEGroup's Fedwatch tool. The S&P 500 fell 0.36%, while the Nasdaq declined 0.68%.

Faraday Future Intelligent Electric plans to execute a reverse stock split to comply with Nasdaq's minimum bid-price requirements, as the electric vehicle start-up has only 36 cents as of Friday's close. In May, Nasdaq provided Faraday Future with another 180-day period to adhere to the standards after the company failed to meet them in January. Faraday's reverse stock split proposition suggests a ratio ranging from 1-for-2 to 1-for-90 outstanding common stock; the final decision will depend on stockholder approval. The Los Angeles-based firm has faced numerous issues, including a cash shortage and governance disputes.

Investors who were once afraid of equities are now concerned about not having enough, following a 15% year-to-date increase in the S&P 500. This rally is bringing doubtful investors back into the market, and those who had previously downsized stock holdings during 2022's decline are now shifting gears, with some buying calls at levels not seen in years. While some fear the market is overheated and has risen too quickly, others believe the rally still has room to move, citing the greater number of stocks heading higher as an encouraging sign.

In an interview with ET, the money manager said he is more constructive on India's equity markets now than he has been for a long time, and is hoping for a revival in corporate earnings to support his bullish thesis.

​​Reliance contributed 272 points to the Nifty rally. Indian markets closed at record highs on Friday, with the Nifty closing at 18,826 and the Sensex at 63,385. Nifty 50 is now only 63 points away from an all-time high level, whereas Sensex closed just 198 points away from the record high hit on December 1, 2022.

But Pandey said the bank has excess bond investments of about ₹18,000 crore, which can be liquidated for lending purposes. - Our Bureau

Insurance intermediaries can reach customers by increasing investments in data automation and AI, the regulator said.

Deposits in commercial banks in India increased by INR 3.26 lakh crore to INR 187 lakh crore in the first two weeks after the Reserve Bank of India announced the withdrawal of INR 2,000 notes, according to the latest data. Term deposits rose INR 2.65 lakh crore while demand deposits increased by INR 760,968 crore, resulting in an annual deposit growth rate of 11.8%, compared to 9.3% last year.

"Investors are understanding that the changes in tax regime bought about in February will probably not impact demand that significantly, and that it will not be as bad as anticipated. Monthly numbers have also not been bad - especially after a blockbuster March, so that is helpful," Madhukar Ladha, director, Nuvama Institutional Equities said.

Around 40% of the total Rs 1.8 lakh crore worth of Rs. 2,000 denomination currency has returned to the market in the form of Rs. 500, Rs 200, Rs 100 currency notes, while the remaining is staying put in the banking system. The currency with the public fell by Rs 83,242 crore during the fortnight ended June 02. The central bank's move to withdraw the Rs 2,000 currency note has added to the surplus liquidity in the system, which is estimated at close to Rs 1 lakh crore, according to analysts.

Tata Sons-owned Air India has approached the civil aviation regulator, seeking approval to cross-utilise pilots and cabin crew of Air India Express and AirAsia India and sell tickets as a single brand before the proposed merger of the two low-cost airlines gets all approvals.

The Nifty gained 137.90 points, or 0.74%, to settle at 18,826 on Friday, surpassing its previous closing high of 18,812.50 on December 1. With overseas funds extending their purchases of local stocks, the risk-on sentiment remained intact, although analysts do not rule out hurdles for the Nifty around the 19,000 mark.

US stock indices showed little change on Friday despite hopes that the Federal Reserve may soon end its monetary tightening campaign. Slowing economic growth and signs of easing price pressures led to a subdued day for the Dow Jones, S&P 500 and Nasdaq. Concerns about further interest rate hikes by the Fed, such as those outlined on Wednesday, appeared eclipsed by indications of cooling inflation

The Securities and Exchange Board has fined multiple entities for impersonating a brokerage firm and creating artificial volumes in the Kapil Raj Finance scrip through SMS tips. The investigation found that at least 15 people had sent misleading messages between January and April 2018 in an attempt to benefit from the high trading volumes they induced in the stock price

India's Securities and Exchange Board (SEBI) has fined multiple entities up to INR80,000 ($1,117) for impersonating a brokerage firm and creating artificial volumes in the Kapil Raj Finance scrip through SMS tips. The investigation found that at least 15 people had sent misleading messages between January and April 2018 in an attempt to benefit from the high trading volumes they induced in the stock price. Forty-nine entities had been issued preferential allotments in May 2014, of which 15 had sold around 13.87 lakh shares for an average price of INR25, making a profit of INR2.09 crore through such sales.

Several investors and analysts have voiced their opinions on the possibility of the Indian stock market benchmark Sensex hitting the 100,000-mark. Vijay Kedia expects good midcap stocks to double or triple in two-to-three years, while Samir Arora has a simple rule for compounding at 13-14% to determine the possibility of the index reaching the milestone. Atul Suri believes that there is every chance of the Sensex hitting the target within four to five years, as it has already attained a 50-60% gain from previously being at around 1,000.

Shares of Ashok Leyland rose over 4% to a nine-month high after the company aimed to increase its market share from 32% to 35% in the medium and heavy commercial vehicles space, and from 20% to 25% in the light commercial vehicle space. In addition, the company intends to double its exports over the next two years. The Hinduja group company will expand its presence in North and East India and will introduce new products, hoping to improve its operating margins by cost-reduction initiatives and volume growth.