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.

The Securities and Exchange Board of India (SEBI) has ruled that online bond providers (OBPPs) can only offer listed debt securities, government securities, listed sovereign gold bonds and treasury bills on their platforms. The framework for the providers means they need to register as stock brokers in the debt segment of a stock exchange. SEBI also said that any holding company, subsidiary or associate of an OBPP will not be able to use the online bond platform's name or brand name for offerings not regulated by financial sector regulators.

The advancement of AI technology has led to the development of more complex machine learning models like rule-based systems, expert systems, and machine learning. The use of AI applications exploded, with the development of virtual assistants, autonomous vehicles, and personalized recommendation engines. In 2011, IBM's Watson computer won the TV quiz show “Jeopardy!”. In 2012, Google's DeepMind developed a deep neural network that could recognize images with unprecedented accuracy. In 2016, AlphaGo, a program developed by DeepMind, defeated Lee Sedol, a world champion in the board game Go. The author also gives examples of how they use chatGPT technology in their daily life, including summarizing articles, researching, and writing standard letters or emails.

The move sees it lower its holdings in the firm from 23.82% in March to 17.60% now. Domestic investors BNP Paribas Arbitrage and Franklin Templeton MF have ended up with a 1.63% and 0.84% stake respectively, while foreign investor Nomura has bought an 0.83% stake.

ETMarkets has identified 7 prominent Indian companies, including Piramal Enterprises, Solar Industries India, Indian Oil Corporation, Crisil, Astral, BASF India, and Tejas Networks, that have shown bearish trend signals due to the MACD line crossing from above to below the signal line. ETMarkets' screener also filters stocks based on market capitalization, retaining only those exceeding RS. 10,000 crore. Investors must analyze these companies' financial health, market position, and growth prospects before making any investment decision because the crossover signals caution but does not necessarily confirm the bearish trend.

ETMarkets has identified eight stocks that have bullish MACD (Moving Average Convergence Divergence) crossovers, indicating potential upward trends. ICICI Lombard General Insurance, Indian Railway Catering & Tourism, Bajaj Finserv, Cholamandalam Investment & Finance Company, Housing Development Finance Corporation, Tube Investments of India, Hindustan Zinc, and Oil and Natural Gas Corporation could be worth considering for investment due to their strong market position and potential for growth in their respective sectors.

The Bank of Japan (BOJ) is scheduled to conduct a long-term review of its unconventional monetary policy tools designed to combat deflation. Governor Kazuo Ueda said the review will examine the effect the Bank's monetary easing steps had on financial markets and the banking system, along with how globalisation and demographics have impacted on corporate and household activities, along with wage patterns. The BOJ will begin releasing details of its review plan from next month.

Dow Jones Industrial Average rose 55.96 points, or 0.16%, at the open to 34,464.02

Five BSE stocks recorded their new 52-week highs during Friday's market rally, as the benchmark index rose 467 points to close at the record 63,385 level. The 52-week high is an important metric for traders and investors, serving as a key technical indicator to assess a stock's current value and anticipate future price movements. It denotes the highest price at which a stock has been trading in the preceding year.

The bullish harami cross is a technical analysis candlestick pattern that can indicate a potential reversal in a downtrend and provide valuable insights for investors seeking to make informed decisions. This pattern features a large bearish candle followed by a small bullish candle completely engulfed by the previous bearish candle, signifying a shift in momentum. Stocks such as eClerx Services Ltd., Sharda Cropchem Ltd., Go Fashion (India) Ltd., Sonata Software Ltd., Zomato Ltd., EPL Ltd., Sona BLW Precision Forgings Ltd., Shriram Finance Ltd., and Balrampur Chini Mills Ltd. have all shown the bullish harami cross pattern, signaling potential opportunities for investors.

Identifying potential investment opportunities in stocks requires careful analysis. This article lists six diverse investment opportunities, including Punjab & Sind Bank, Canara Bank, Union Bank Of India, Tata Chemicals Ltd., Central Bank Of India, and NMDC Ltd., that are currently trading below their 50-day Simple Moving Average (SMA) but have closed from above. However, potential investors are advised to conduct thorough research, consider market trends, and assess their risk tolerance before making any investment decisions, as past performance does not necessarily indicate future results given the stock market's volatility.

Nifty broke out above the 18,800 level and is close to surpassing the peak of 18,887 levels, accompanied by a long positive candle with minor upper shadow on the daily charts. The MACD showed a bullish crossover with a resistance level of 19,000 predicted to be on the horizon. Although the RSI and Nifty can keep the index strong, the moving averages are below the current index value, which reinforces a bullish outlook. Finally, the writers of call options at the 18,800 strike were seen closing their positions, signaling positive sentiment.

Nifty 50 companies, including Apollo Hospitals Enterprise, Britannia Industries, ITC, NTPC, Nestle India, Titan Company, and UltraTech Cement, have reached their 52-week highs, highlighting their resilience, growth potential, and market leadership. These companies represent various industries, including healthcare, FMCG, power generation, cement manufacturing, and consumer goods, and offer potential investment opportunities for investors. However, investors should conduct thorough research and consider market trends and risk tolerance before making investment decisions, as past performance is not indicative of future results.

Indian benchmark equity indices closed at new highs on Friday, following positive cues from global markets and boosted investor sentiments. The Sensex and Nifty gained 0.74% and 0.74%, respectively. US data suggesting a less hawkish stance from the Federal Reserve also contributed to a surge in optimism among investors

Indian benchmark equity indices closed at new highs on Friday, following positive cues from global markets and boosted investor sentiments. The Sensex and Nifty gained 0.74% and 0.74%, respectively. US data suggesting a less hawkish stance from the Federal Reserve also contributed to a surge in optimism among investors

Closing Bell: Sensex surges 467 pts, ends at record high; Nifty above 18,800; HDFC Life rallies 6%, Wipro sheds 2%

Indian primary markets seem to be experiencing a slowdown compared to the preceding years. Till now, 7 mainline IPOs have been listed on the stock exchanges. So how have these IPOs performed till now? What's the outlook? Here's what the numbers say.

ETMarkets' screener has identified seven oversold stocks with their Relative Strength Index (RSI) below 30, providing investors with potential buying opportunities. Ratnabhumi Developers, Indian Energy Exchange, Bombay Metrics Supply Chain, Sintex Industries, D P Abhushan, GI Engineering Solutions, and Rachana Infrastructure are the selected companies. Despite slight market fluctuations, the companies have shown promising returns in the short and long-term, presenting attractive investment prospects. However, investors must conduct further research and closely monitor the stocks' performance to ensure a successful investment.

MACD or moving average convergence divergence is a momentum indicator used in stock market technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA.

ETMarkets has identified eight stocks that exhibit a Golden Crossover pattern and have a market cap exceeding Rs 1,000 crore. J Kumar Infraprojects, Gabriel India, Bajaj Electricals, JTEKT India, Divi's Laboratories, Mahindra Lifespace Developers, Hero MotoCorp, and Tanla Platforms have all showcased potential for further growth, despite a slight dip in some cases. The Golden Crossover occurrence, where a shorter-term moving average crosses above a longer-term moving average, signals a potential bullish trend, which investors can consider for their portfolio.

Several auto industry stocks are approaching their 52-week highs, leading investors to consider potential investment opportunities. MRF, Mahindra & Mahindra, Tata Motors, Maruti Suzuki, Tube Investments of India, TVS Motor Company, Ashok Leyland, and Bajaj Auto are among the companies highlighted, with each stock displaying positive market sentiment and potential for growth. For example, MRF is currently trading near its 52-week high of Rs 100,849.60, while Mahindra & Mahindra is nearing its 52-week high of Rs 1,422.80.

Discounted stocks can be a lucrative investment opportunity for investors. In this article, the top 10 Nifty 500 companies offering significant discounts of 30% or more from their 52-week highs have been discussed. Sunteck Realty, Swan Energy, TCNS Clothing, Tata Teleservices (Maharashtra), TeamLease Services, UCO Bank, Uflex, V-Mart Retail, YES Bank, and Zee Entertainment Enterprises are among the companies analyzed. However, investors are advised to conduct thorough research, evaluate risk tolerance, and seek professional assistance before investing. Past performance does not guarantee future results, and the stock market is subject to volatility.

ETMarkets has identified 10 companies with an RSI above 75 that offer an interesting investment opportunity, with market capitalizations exceeding Rs 50,000 crore. The companies span sectors including digital payments and e-commerce, consumer goods, steel, FMCG, financial services, retail, defense electronics, banking, retail chains and aerospace and defense. The firms' solid returns and strong fundamentals make them attractive options for investors seeking exposure to growing sectors.

Indian retail investors are turning away from equities and towards fixed deposit rates due to the high-interest rate environment, according to the co-founder and CEO of online brokerage Zerodha, Nithin Kamath. Despite markets hitting all-time highs, Kamath said the optimism wasn't leading to increased retail interest. "Most retail investors question whether taking the added equity risk is worthwhile when govt bonds and FDs yield 7% plus", Kamath added. The comments come after six consecutive rate hikes last year by the Central Bank.

Zee Entertainment Enterprises, Bharat Petroleum Corporation, Larsen & Toubro, Jubilant Foodworks, Aurobindo Pharma, and ICICI Lombard General Insurance have seen a notable increase in their delivery percentage and trading volumes, demonstrating heightened investor interest and growing confidence in their potential. These stocks present opportunities for further market gains, with positive market activity and potential growth prospects showcased in each.

Over the past year, cable companies' stocks have experienced remarkable performance. ETMarkets has highlighted eight companies with a market capitalization of over Rs 500 crore, which witnessed substantial gains ranging from 60-200% during this period. Among these, five stocks have even become multibaggers (Data Source: ACE Equity)Additionally, many of these companies have observed consistent growth in revenue for the past three quarters. Moreover, several companies saw improvement in their annual net profits over the past two years. Many of these companies have also had low debt or reduced their debt level, according to Trendlyne.

While the Nifty50 index has reached an all-time high in June 2023, the midcap and smallcap universes have outperformed the benchmark since the December 2022 peaks. Nifty Midcap-100 and Nifty Smallcap-100 are up 8% and 6% from the December 2022 peaks, respectively, indicating the market's preference for midcaps over largecaps. Although the markets are touching new highs, Nifty 50's market cap has not surpassed its December 2022 peak level of Rs 150.5 lakh crore, while Nifty Midcap 100's market cap is up 7% from its October 2021 peak to Rs 37.5 lakh crore, and Nifty Smallcap 100 is up 21% to Rs 13 lakh crore from its December 2022 market peak.

Supertrend indicator helps traders by giving a relatively precise buy or sell signal in a trending market. StockEdge data shows the stocks that are signalling a buy. Remember ATR or average true range considered here is of 10 days and the multiplier is 3.

Franklin Templeton Asset Management sold 0.1% of its stake in LIC, while Union Mutual Fund divested its entire holding?in May. Mutual funds were sellers in PSU stocks of Indian Oil Corporation and Hindustan Aeronautics, while stocks of Avenue Supermarts gave negative returns of over 1%. Leading mutual funds such as Axis Mutual Fund, Aditya Birla Sun Life Mutual Fund, and Kotak Mahindra Mutual Fund sold largecap, midcap and smallcap stocks in May. Recommendations, suggestions, views and opinions given by the experts are their own.

Several stocks including Morepen Laboratories, Brightcom Group, Avenue Supermarts, Seshasayee Paper and Boards, Supriya Lifescience, Jayaswal Neco Industries, Shalimar Paints, and Automotive Axles displayed a strong bullish momentum on June 15, 2023, by crossing their 200-day Simple Moving Average (SMA). This breakthrough indicates a potential upward trend and growth prospects in the pharmaceuticals, digital advertising, technology, retail, paper and packaging, steel and iron, paints and coatings, and automotive components industries respectively.

RSI or Relative strength index indicates speed as well as change in stock movement. Typically, the RSI value ranges from 0-100. StockEdge’s data considers 14 days as the time period for computing the RSI value. So, for some of these Nifty 50 counters-RSI trades above 70 and hence is said to be in the overbought zone.

Ikio Lighting's shares listed at a premium of 38% over the issue price of INR 285 and rallied further to trade at INR 404 on BSE. Analysts suggest investors hold the stock as the company has lucrative business opportunities and a consistent financial performance. They advise that the stock has higher growth potentials and suggest holding the stock for medium to long-term, keeping a stop loss of 10% below its listing price. The Rs 607 crore IPO with a fresh issue of Rs 350 crore received a tremendous response from investors and got subscribed 67 times.

Ikio Lighting's shares listed at a premium of 38% over the issue price of INR 285 and rallied further to trade at INR 404 on BSE. Analysts suggest investors hold the stock as the company has lucrative business opportunities and a consistent financial performance. They advise that the stock has higher growth potentials and suggest holding the stock for medium to long-term, keeping a stop loss of 10% below its listing price. The Rs 607 crore IPO with a fresh issue of Rs 350 crore received a tremendous response from investors and got subscribed 67 times.

Investors may consider investing in companies trading near their 52-week lows to buy stocks at lower prices. The top 10 Nifty 500 companies currently trading near their 52-week lows include Aavas Financiers, City Union Bank, Jamna Auto Industries, Sunteck Realty, and Tamilnad Mercantile Bank. These companies offer potential investment opportunities in various sectors such as housing finance, banking, real estate, and manufacturing. However, investors must conduct thorough research and analysis before making any investment decisions and consider their risk tolerance.

Ikio Lighting's shares listed at a premium of 38% over the issue price of INR 285 and rallied further to trade at INR 404 on BSE. Analysts suggest investors hold the stock as the company has lucrative business opportunities and a consistent financial performance. They advise that the stock has higher growth potentials and suggest holding the stock for medium to long-term, keeping a stop loss of 10% below its listing price. The Rs 607 crore IPO with a fresh issue of Rs 350 crore received a tremendous response from investors and got subscribed 67 times.

Investors need to understand that market corrections are a part of every cycle and can be stressful. The cause of volatility in the market can be due to economic and geopolitical factors or investor sentiment. Investing for the long term, diversification of the portfolio, rebalancing the portfolio, investing in quality companies, accumulating at lower valuations, having cash, and staying calm can help investors navigate the volatility of the markets. It is also advisable to stay informed about the developments in the market and engage an investment advisor, if necessary.

On June 15, 2023, L&T Finance Holdings, IDFC First Bank, Sundram Fasteners, Syngene International, AIA Engineering, and Max Healthcare Institute demonstrated remarkable resilience by surpassing their respective 2-year highs. The breakthroughs indicate robust performance, strong growth potential, and investor confidence in the financial services, banking, auto components, contract research and manufacturing, engineering, and healthcare industries respectively. These midcap stocks have showcased their potential for sustained growth and market success.

In contrast, the Bank of Japan maintained ultra-easy monetary policy on Friday despite stronger-than-expected inflation, signalling it will remain a dovish outlier among global central banks.

Real estate stocks are back in action again. Some are reacting to their Q4 numbers which in some cases are coming better than what the street had been expecting. 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.

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

The restricted group's financial profile with debt-service coverage ratio (DSCR) of 1.44 times is stronger than that commensurate with a 'BBB-' rating for the asset portfolio. This reflects considerable rating headroom at the current level, Fitch said.

The focus of analysts is back on metal stocks. Unlike 2021 and early 2022 when the outlook was bullish across the board. This time around it is not secularly bullish. It is a select group of stocks which are getting attention, companies either with large capacity, fully integrated or in any area where they are literally monopolies. For the purpose of this report, where the average stock report plus score is a minimum of 6. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Ramkrishna Forgings' stock price rose 8% to reach a 52-week high of INR 440 on BSE after the company and Titagarh Rail Systems consortium secured a contract for INR 12,226.5 crore. Under the Atmanirbhar Bharat Initiative, the companies will deliver 15.4 lakh forged wheels over 20 years, with the expectation of manufacturing 2,00,000 wheels annually. The wheels will cater to the needs of the LHB coaches, Vande Bharat Express Trains, WAG9 Locomotives and others. To meet this financial requirement, both companies will contribute equity on an equal basis, ensuring a robust funding structure to support the project's capital expenditure needs.

Nifty Mid Cap 100 stocks, including Adani Power, Apollo Tyres, and Paytm, have shown a remarkable recovery from their 52-week lows, per data from Trendlyne. Tube Investments of India, for instance, has recovered from its 52-week low of INR1,457.60 to trade at INR2,996.45. Meanwhile, Aditya Birla Capital has risen from a low of INR85.6 to INR177.5. The impressive rebounds indicate their ability to rebound, generating value for shareholders.

Bank of Baroda, Union Bank of India, Punjab & Sind Bank, and UCO Bank have shown strong signs of recovery from their 52-week lows, reflecting positive market sentiment and investor confidence. Bank of Baroda is currently trading at Rs 187.15, approaching its 52-week high of Rs 197.2. The Union Bank of India is approaching its 52-week high of Rs 96.4, reflecting positive investor response and confidence in its performance. Similarly, Punjab & Sind Bank and UCO Bank are approaching their 52-week highs, reflecting their strong growth potential and market sentiment.

Experts predict that AstraZeneca Pharma's stock price may hit 4000 levels in the next month after breaking out from a 7-month-long consolidation phase on the weekly charts. The stock stayed within a range between 3110 and 3619 since November 2022, with the latter previously acting as a stiff resistance. Although the stock lost some steam after hitting a 52-week high of Rs 3670, it trades above most of the short-and long-term moving averages on the daily charts, presenting a positive sign for the bulls. In addition, the Relative Strength Index reading of around 68.7 suggests room for growth.

Midcap and smallcap funds were preferred by investors according to data shared by Motilal Oswal Financial. Seven top schemes in assets under management revealed the highest increase in AUM on a month-on-month basis in May. HDFC Smallcap Fund led the pack, with a nearly 7% change in the net asset value. Despite earning growth concerns, shares of Tata Elxsi has given a 24% return to investors. Suzlon Energy has given 36% return, while Raymond has given approximately 12% return. Money managers remain confident with midcap and small cap funds, with funds flows continuing.

Kalyan Jewellers' shares surged by nearly 13% to Rs 128.60 on Friday, buoyed by multiple block deals on the counter and strong buying action. The stock had over 52 lakh shares trading on the NSE by 9.30am. The company recently made key managerial appointments, including TS Anantharaman's reappointment as Non–Executive Independent Director for three years, effective December 15. The stock has gained 15% in June, according to Trendlyne data, although its movement has been volatile recently.