Stock market breakouts are significant events for investors, indicating a changing market sentiment and increased interest. Trent, Ultratech Cement, ABB India, NTPC, and Nestle India have all surpassed their five-year highs, demonstrating potential growth prospects and positive market sentiment. Trent, an Indian retail company, Ultratech Cement, a leading cement manufacturer, and electrical equipment manufacturer ABB India all exceeded their highs resulting in positive market responses. Meanwhile, NTPC, a significant player in the energy sector and Nestle India, a well-known consumer goods company, also experienced successful breakouts, highlighting their resilience and potential for expansion.

The top 10 Nifty 500 companies trading near their 52-week lows offer investors potential value opportunities in various sectors such as housing finance, natural gas distribution, banking, automotive, logistics, and real estate. While some companies have a slight premium to their 52-week low, they still present chances to capitalize on sector growth. However, investors should conduct further research, evaluate financials, and consult financial advisors before investing in these companies. The data has been sourced from Trendlyne and has a lag from real-time rates on exchanges.

Godrej Properties has reached an agreement to acquire approximately 7.44 acres of land in Kolkata's New Alipore from the West Bengal Housing Infrastructure Development Corporation. The luxury housing project has a developable potential of approximately 9.8 lakh sq ft with an estimated revenue potential of about INR 1,200 crore based on the current business assumptions. Furthermore, developers have acquired 2,181 acres of land worth more than INR 26,000 crore in the last 17 months, according to JLL India data. At 11:40 a.m., Godrej Properties shares were trading 4.7% higher at INR 1,578 on the BSE.

The RSI or Relative Strength Index indicates the speed as well as the change of price movement. The said index hovers or ranges between 0-100. For the specified stocks the RSI is trading above 70, which means these stocks are in the overbought zone, implying that there is a sell signal generated for these counters. This is because these securities are overvalued or overbought. Importantly, RSI gives short-term buy or sell signals (Source: StockEdge)

The Nikkei share average in Japan ended 0.05% lower at 33,485.49 as investors secured profits after the index surged significantly in a four-day winning streak. The broader Topic was almost entire flat for the day. Although the yen weakened to its lowest level this year, investors seemed unaffected. Advantest, Tokyo Electron and Screen Holdings experienced gains, while drug makers faced losses with Eisai's 5.91% drop being the Nikkei's worst performer and Daiichi Sankyo losing 3.98%. Brokerages was the best-performing sector, whereas drug stocks fell 1.8%. Foreign investors made a net purchase of Japanese stocks for the 11th continuous week.

Nifty companies' earnings are expected to grow by 20% in FY24, with foreign-related earnings leading the way. Jefferies expects domestic earnings growth to slow down to 19%, while foreign-related earnings may rise 21% YoY. Margin expansion, particularly in autos, staples, cement, and metals, will drive earnings growth, it said. Domestic cyclicals such as financials, property, and industrials are overweight. Meanwhile, the consumer discretionary and staples sectors are projected to see a margin expansion of 2.4 / 0.7ppt. Metals earnings are likely to grow 22%, while oil and gas earnings are expected to grow by 10%.

Beta is a measure of volatility and measures the sensitivity of a stock’s price relative to the benchmark index. The market beta is always 1. So, in a case when the stock’s beta is say 1.5, it means that the stock is 50% more volatile than the market. So, here are 4 such BSE PSU stocks that are high beta in nature but at the same time have performed well in the last year. (Source: StockEdge)

The top 10 companies of Nifty 50 that are near their 52-week highs present an attractive investment opportunity for investors. Asian Paints Ltd, Axis Bank, Bajaj Auto, Bajaj Finance, Bharti Airtel, Dr. Reddy's Laboratories, Eicher Motors, Grasim Industries, HCL Technologies, and HDFC Bank are the companies outperforming in various sectors contributing to their success. As investors consider market presence, recent performance, and stock prices, it is essential to conduct further research and seek advice before making investment decisions.

As the headwinds for the auto sector start to slow and the nifty auto index continues to outperform, 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.

Having rallied around 10% in the last 3 months, both Sensex and Nifty are now playing hide and seek with their lifetime high levels as hopes of pivot by central banks are being countered by a tough global macro environment.

Discover the Nifty 50 companies that have achieved remarkable milestones by hitting their 52-week highs today. This informative article provides key insights into these companies, their recent performance, and potential investment opportunities

Madhuri Kela, the spouse of Madhusudan Kela, has acquired an additional 1.67% stake in Sangam India, a textile and apparel firm, at an average price of INR268 per share. This has contributed to the company's stock prices soaring 21% on BSE in just two days. Madhuri's public shareholdings stand at four stocks with a net worth of over INR65 crore. Despite the company's declining Q4FY23 net profit of INR30 crore, down 44% YoY, its total income for FY23 stands at INR2,729 crore, up 11.6% compared to FY22.

Experts suggest that KPR Mills, part of the garment industry, could head towards Rs 700 due to a breakout above the ascending triangle, which is a bullish sign. The stock hit a 52-week high of Rs 648 on 12th June and is trading above most crucial short and long-term moving averages. However, the Relative Strength Index shows the stock is close to the overbought zone, implying that profit booking may occur. The stock corrected by 38% after registering an all-time high of Rs 760 but has been moving up in a higher top/higher bottom pattern since Dec 2022, generating a 30% gain in the last seven months.

Anil Agarwal, Chairman, Vedanta believes debt is not a big concern, expects rise in commodity prices. Watch the full interview.

SJVN signed an MoU with Maharashtra State Power Generation Company (MAHAGENCO) for the development of a 5,000 MW renewable energy project including hydro, pumped storage, wind, solar, hybrid and green hydrogen. MAHAGENCO and SJVN will also jointly participate in tenders floated by the Government of Maharashtra for the renovation and modernization of small hydro-power stations operated by MAHAGENCO. SJVN now has a project portfolio of 54,065 MW, with 2,091.5 MW under operation, while the remainder is in various developmental stages, with a target of reaching 5,000 MW by 2023-24, 25,000 MW by 2030 and 50,000 MW by 2040.

After the US Federal Reserve's rate-setting panel meeting, Jerome Powell has left the Nifty bulls confused with his dovish and hawkish tones. Although a pause in Fed's 500 bps rate hiking cycle was expected, Powell's hints of future rate hikes have spooked investors. However, the short-term impact may see more foreign investors attracted to Indian markets. Interest rates remaining high for longer may impact global growth with negative implications for equities. Market insiders believe that the US is more or less at the end of an increasing rate cycle and further market movements will be determined by economic growth, corporate earnings, and financial stability in developed countries.

Whether it is Nifty, Banknifty, Nifty Auto, Nifty real estate, all the indices and the market breadth are indicating that bulls are not only in control of the street but also every corner of the street. The corrections are short lived. Even when there is a correction and volatility the bias of that volatility is still bullish, as indicated by an attempt of nifty to move upward by the end of the trading session. 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.

FY23 was the best ever for Indian public sector banks, posting impressive earnings and stock performance, with the banking sector gaining favour for adapting to the digital age, according to market expert Swapnil Shah. The strong gains have seen the Nifty PSU Bank index rise by 65% over the last year, outperforming the Nifty Private Bank index. The public sector banks have a lot of potential for a further upside, with many analysts suggesting Bank of Baroda and State Bank of India as stock picks for FY24. Multibaggers include State Bank of India, Punjab & Sind Bank, and Bank of Maharashtra.

JPMorgan has started coverage of Apollo Hospitals as overweight, with a target price of INR 5,950 ($80). The bank has started coverage of Fortis Healthcare as overweight, with a INR 355 target. Morgan Stanley downgraded Tata Chemicals to equal-weight, downgraded its target price to INR 916 and maintained an overweight rating on Indigo with a target price of INR 3,126. Furthermore, InCred began covering HEG with an 'add' rating and expects it to trend upwards due to reduced US steel inventory levels. Jefferies maintained a buy rating on Dalmia Bharat with a target price of INR 2,490.

New-age technology companies such as Zomato, FSN E-Commerce, and PB Fintech were among the top investment picks for mutual funds in May. Despite criticism of these companies' lumpy valuations in the past, they have re-focused on improving profitability which has led to institutional interest in them. Zomato's net consolidated loss narrowed to INR 971 crore, and its revenue surged 69% to INR 7,079 crore in FY23. PB Fintech's losses also decreased to INR 487 crore, and revenue increased by 80% to INR 2,558 crore in the same period. Analysts are bullish on Zomato's steady recovery in earnings and growth prospects, while PB Fintech has an oligopoly position in the sector.

Bain Capital is believed to have cut its stake in Axis Bank, selling 22.5 million shares at a slight discount to the Wednesday closing price, according to The Economic Times. Bain has now cut its 0.75% stake, although the price range means the US investment firm would make up to $267m from the sale.

Shares of Tata Consultancy Services (TCS), Visaka Industries, DCB Bank, and DJ Mediaprint have turned ex-dividend. TCS, which announced a dividend of Rs 24 per share, has fixed June 15 as the record date. In the last 12 months, TCS has paid a dividend of Rs 91 per share with a dividend yield of 2.8%. While Motilal Oswal has a buy tag on TCS stock, most analysts are cautious on the IT sector in the near term. TCS stock closed flat at Rs 3,245 apiece on NSE.

"We have a positive stance on this stock with an upside potential of 25% in expectation of (1) sharp expansion in revenue share from EV business in next 2 years (2) A 90 bps expansion in EBITDA margin over FY23- 25E, and (3) strong positioning in fastener business," says Abhishek Gaoshinde, Deputy Vice President Research at Sharekhan by BNP Paribas.

IT firm Wipro's share buyback, worth Rs 12,000 crore ($1.6bn), may deliver substantial returns to small investors who invest during the remaining short window. Retail shareholders with holdings worth less than INR 2 lakh ($2,700) are eligible for up to 15% of the buyback, and are expected to see acceptance ratios of up to 40%, as analysts predict an overall acceptance rate of around 4%. Wipro intends to buy back less than 5% of its shares at a premium of 12.2% to current market value. However, the share price's performance after past buybacks has varied.

BofA earlier expected the terminal rate to be held at the current 5%-5.25% range, but the change in forecast comes after the Fed kept its key rate unchanged in the 5%-5.25% on Wednesday, but signaled two more hikes might be needed in 2023 to tame inflation.

The Futures Long Position Scan performed on Wednesday revealed Aggressive New Long positions on 9 largecap stocks. This indicates a bullish sentiment, 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)

Seven stocks, including Indiabulls Housing Finance Company, Indian Energy Exchange, India Cements, Bharat Heavy Electricals, Manappuram Finance, Delta Corp and Zee Entertainment Enterprises, will be under F&O ban for trading on Thursday, June 15. The ban on any stock’s F&O contracts enter into effect when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban is reversed only if the OI falls below 80%. The banned stocks will be available for trading in the cash market. Meanwhile, Indian indices Sensex and Nifty50 registered their third successive gains.

Sensex falls 100 points, Nifty below 18,750; Varun Beverages jumps 4%, APL Apollo sheds 3%; Vodafone Idea, Tata Steel Ltd and SJVN are some of the gainers in the morning trade.

In the Nifty200 pack, nine stocks crossed their previous 5-year high value at the close on June 14, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

From the Sensex pack, IndusInd Bank, Infosys, TCS, NTPC, Reliance, and Tech Mahindra opened with cuts, while Nestle, UltraTech Cement, HUL, Sun Pharma and Asian Paints opened with gains.

Indian benchmarks ended higher on Wednesday, with BSE Sensex climbing 85 points to 63,228, and Nifty advancing 39 points to 18,755. Metals and oil and gas were top gainers, while Financial Services, banks, capital goods, and IT were laggards. Paytm rose 2%, Tata Consumer Products increased 5.17%, and Anupam Rasayan dropped 0.39%. Experts recommended buying Paytm and Tata Consumer and selling Anupam Rasayan. Paytm and Tata consumer are expected to continue their positive momentum, while Anupam Rasayan may further decline towards Rs 900.

The Indian market is set to consolidate Thursday amidst muted global cues, with the Nifty50 reaching the 18700 level in trading. Analysts suggest an immediate trading range between 18650 to 18850, which produces a broader trading range of 18500 to 18900. Stocks with a short-term trading horizon recommended by various experts include Oberoi Realty, Grasim Industries, and Kansai Nerolac Paints, among others.

The Futures Short Position Scan revealed Aggressive New Short positions on 4 largecap counters. This is a bearish indicator, as it signifies that the futures OI has increased while price has decreased. (Source: StockEdge)

Nifty futures on the Singapore Exchange traded 9 points, or 0.05 per cent, lower at 18,826.50, signaling that Dalal Street was headed for flat start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.

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 Power and Havells while Nooresh Merani has a buy/sell recommendation on Grasim and Power Grid for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks crossed above their 200 DMA (Daily Moving Averages) on June 14, 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.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move uptrend from a downward zone in the future. So, here are 3 major stocks that have established a Three White Soldiers pattern and hint at a bullish reversal in the future. (Source: StockEdge)

In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks crossed above their 200 DMA (Daily Moving Averages) on June 14, 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.

The strike price is the pre-specified price that a trader shells out when buying (in the case of call) or selling (in the case of a put option) an underlying futures contract when the option is exercised. As per the Stock Edge data, some of the below specified stocks saw a change in current month Open Interest (OI) in call option by over 10%, and the minimum trade count is also 500.

In the NSE list of stocks, nine stocks with a market cap of over Rs 3000 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 14.

Tesla ended its 13-day streak of gains, during which it added over $200bn to its value. Tesla's market capitalisation rose to approximately $814bn, surpassing the value of Japan's Toyota as Tesla's shares rose by 40%. Tesla's charging system was adopted by US automakers Ford and General Motors, sparking off the rally. Tesla's forward price-to-earnings ratio far exceeds any other automaker at around 62, compared to Ford's 8.2 and GM's 5.6. Despite the rally's end, Tesla's stock price is sitting 28% higher than Wall Street's median target of $200.

Asian stocks hit two-month highs following the US Federal Reserve's choice to leave the interest rates unchanged. However, the Fed stated that it might increase the rates in the future, leading to two projected 25bps hikes in 2023. The chair, Jerome Powell clarified that more data regarding the recovery of the economy is needed before deciding further. The news impacted the Euro, with a one-month peak of $1.0865. Meanwhile, China is following with slower economic growth, which might lead to additional stimulus from Beijing soon.

The US Federal Reserve has kept interest rates at their current level but has signaled that borrowing costs will likely rise by another half percentage point by the end of the year. The move was prompted by a stronger-than-expected economy and slower inflation decline. UnitedHealth plunged after warning of a spike in medical costs in Q2, while Tesla shares fell, ending a 13-session winning streak. Advanced Micro Devices gained more than 2% after Reuters suggested Amazon's cloud computing unit may use its new artificial intelligence chips.

Oil prices rebounded from the previous day's fall as Brent crude futures rose 0.3% to $73.41 and US West Texas Intermediate rose 0.4% at $68.50 a barrel, both recovering from a 1.5% loss amid concerns about US interest rate hikes. Investors are now looking towards China, the world's top oil importer, in anticipation of announcements regarding May retail sales and industrial production, as well as new information about the country's economic recovery.

The stock price of this company has been consolidating for the past five months. Now it is testing the resistance offered by a down-sloping trendline. The volume pattern suggests accumulation over the consolidation period and the recent rise can act as a confirmation for the start of the fresh up-move. A long trade can be initiated above the trendline.

A group of 10 banks together own a 9.22% stake in the company, which was valued at ₹75 crore or ₹15.29 per share as part of the takeover by the Ahmednagar-based Malpani Group last June. This stake is currently valued at ₹211 crore, or ₹47.41 per share, and can be encashed by banks as early as June 25 when the one-year lock-in for the stock ends.

The markets were adrift on Wednesday, lacking strength to make any strong upside move. The Nifty opened in the green, went into the red zone and again clawed back into the green, ending the day with a little over one-tenth of percent gain.

​​Among small banks, they bought Equitas, AU Small Finance, Karur Vysya, and Indian Bank. Fund managers also bought select automobile shares as these companies may show increased earnings growth in the coming year on the back of improved demand.

Foreign portfolio investors were net buyers for the second straight day at Rs 1,714 crore. DIIs net sold shares worth Rs 654 crore on Wednesday.

"After the phenomenal surge from 1800 in August 2020 to a new record high at 5911.68 in November 2021, this stock price has been trading in a range for the last one and a half years and look set to resume the uptrend now," Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.