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.

Global private equity firm Bain Capital is likely to sell a stake worth $267 million in Axis Bank through block deals on Thursday, according to reports.

Akasa Air wants to use the fund to make pre-delivery payments for its order of 72 Boeing 737 Max jets, for which 19 have already been delivered. The airline has reached a $650m valuation and may include existing investor, US-based hedge fund PAR Capital Management. The stake of the Jhunjhunwala family, which holds a 46% share in the airline through a trust, could be diluted due to the fundraising.

About 18 months ago, Kedaara had shelved a similar plan following allegations by Spandana founder Padmaja Gangireddy that it was selling off the company to Axis Bank at a "throw-away price".

State-owned financial entities PNB, LIC, SBI, and BoB are said to be seeking formal bids for the sale of their 45% stake in UTI Asset Management Company (AMC). The quartet had previously appointed merchant bankers to initiate a sale process but the relationship with the Tata Group reportedly broke down due to a large interest holder insisting on a formal bidding process. While the final value is yet to be determined, UTI AMC was worth INR88bn ($1.2bn) as of Wednesday, with AUM of INR2.39tn ($32.7bn), equating to 6% of India's total industry AUM.

CreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possible sharp sell-off nature. However, it also expects VRL to handle its debt maturities in the next 12 months and anticipates the rally in bond prices by 10-15 points.

The sentiment by international corporations is higher today for India than other Asian economic markets and foreign direct investment is seen as an important propeller in conjunction with state and private local capital.

India witnessed the El Nino effect in 2002, 2004, 2006, 2009, 2014, and 2015. The Nifty has fallen on two out of the six occasions over a three-month period and once over a six-month period. The average three and six-month Nifty returns post-August in these six years are 5.29% and 12.1%, respectively, while the one-year forward returns have been 22.82%, show data from Samco Securities.

An analysis of quarterly foreign shareholding trends in the six Adani Group companies---Adani Enterprises, Adani Total Gas, Adani Transmission, Adani Green, Adani Ports, and Adani Power shows a rise in the numbers of FPIs from the September quarter of 2020.

Dotted around Bengaluru, formerly known as Bangalore, are the offices of luxury retailer Saks Fifth Avenue Inc., aircraft-engine maker Rolls-Royce Holdings Plc, US bank Wells Fargo & Co. and Japanese e-commerce firm Rakuten Group Inc.

“In recent times, especially since the outbreak of the Covid-19 pandemic, central banks — who are at the core of monetary and financial systems — have been called to do “heavy lifting” well beyond their traditional mandate,” Das said on Tuesday at the opening plenary address of the Summer Meetings organised by Central Banking.

Policymakers also adjusted the language in their post-meeting statement, referring to how they would determine "the extent of additional policy firming that may be appropriate," rather than "the extent to which additional policy firming may be appropriate."

According to the deal term sheet, Bain Capital will sell 22.5 million shares, and this will result in the private equity firm making ₹2,163 core- ₹2,188 crore ($264 million to $267 million).

Apollo Hospitals stock has surged over 14% in the last three months. Experts suggest short-term traders to accumulate the stock on dips towards Rs 4,950 for a possible target of Rs 5,700 in two months. After a breakout in May on the daily charts, the stock surpassed INR5,000 levels in June. The Supertrend indicator triggered a buy on April 28.

Combined, the rate outlook and the projections are likely to lead investors to expect a resumption of quarter-percentage-point rate increases beginning at the next policy meeting in July.

CreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possible sharp sell-off nature. However, it also expects VRL to handle its debt maturities in the next 12 months and anticipates the rally in bond prices by 10-15 points.

ETMarkets has identified five stocks with a Golden Crossover, indicating potential growth opportunities. These companies have a market capitalisation of over Rs 5,000 crore. Read on to discover more about these companies and their businesses.

Ace investor Ashish Kacholia has sold a partial stake in D-link (India) through bulk deals, with him selling 3.69 lakh shares of 1.04% in the company at Rs 227.91 apiece. Kacholia has taken home around Rs 8.43 crore through the sale, and has decreased his stake in the company by a total of 1.6%.

Indian equities continued to trade in the green for the third straightsession on Wednesday ahead of the US monetary policy outcome late at night. The gains were supported by buying in metal, commodity and energy stocks amid encouraging WPI inflation data. Further, buoyancy in heavyweight counters, including Reliance Industries improved sentiments. The 30-share BSE Sensex climbed 85 points or 0.14% to settle at 63,229. Nifty settled at 18,756, up 0.21%. Bank Nifty on the other hand ended with cuts.“Overall, the uptrend is intact, and we expect it to reach levels of 18,800 in the short term. In terms of levels, 18,630 – 18,620 shall act as a crucial support zone while 18,778 – 18,800 shall act as an immediate hurdle zone,” says Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.Here are the stock recommendations for Thursday:

Zerodha co-founder Nithin Kamath has said that most retail traders fail due to irrational decision-making. Meanwhile, financier Ramesh Damani has said that "trading is always done by slip book and not cheque book". According to Damani, speculation is about leverage, and traders should cut their losses and hold on to their profits. Kamath clarified this statement by explaining how badla traders would always make a profit for themselves and their brokers, while those who issue cheques were betting the wrong way and should cut their position.

BSE has sold 4.5% stake or 47.44 lakh shares in Central Depository Services Ltd (CDSL) through open market transactions to comply with regulatory norms, which state that a stock exchange can only hold a 15% stake in a depository. ICICI Pru Tech fund bought 5.28 lakh shares in CDSL or around 0.5%. Meanwhile, Madhuri Kela, wife of Madhusudan Kela, acquired a 1.67% stake in Sangam India by buying 8.4 lakh shares. Sangam India is the largest producer of PV dyed yarn in Asia with an annual capacity to produce 30 million meters of fabric and 48 million meters of denim.

Zurich Insurance is reportedly in early-stage talks to acquire up to a 51% stake of Kotak General Insurance for roughly $400m, marking its first big gamble on the growing South Asian insurance market. The potential acquisition is valuing the Indian firm at around $800m, according to anonymous sources. Zurich, one of Europe's largest insurers, has reportedly expressed an interest in either a 49% or majority stake in Kotak. India's general insurance market grew 11% in 2021-22, hitting $26.7bn, and is largely considered vastly underpenetrated, with non-life insurance penetration barely hitting 1%, compared with the global average of 4.1%.

Bain Capital is reportedly set to sell its 0.7% stake, worth $267m, in Axis Bank through a block deal at a discount of up to 1.4% to current market price. The share sale will offer 22.5 million shares at Rs964 ($13) to Rs977.70 ($13.14) apiece.

Discover the hidden opportunities presented by the bullish harami cross candlestick pattern in Affle, Ircon International, Triveni Engineering & Industries, and Interglobe Aviation. Learn about this powerful technical indicator and gain valuable insights into these companies for informed investment decisions

The share of SIP AUM in the total mutual funds AUM hit a record 17.4% in May compared with the long-term average of 11.9%. Also, the number of new SIP accounts rose to a 16-month high of 24.7 lakh in May taking the total SIP accounts tally to 6.5 crore. The average portfolio value of SIP investors was at a 20-months high of Rs1,15,333 while the average ticket size was at a six-month high of Rs2,259

Trading volume in a security on a particular day is the amount of stocks that changed hands. It can either be for the buy or sell action and typically points out that the stock is gaining attention and hence traction.So, here are some counters that witnessed a massive surge in volume in comparison to the average traded quantity and the stock price gains made on Wednesday. (Source: StockEdge)

BSE has sold a 4.54% stake in Central Depository Services (India) (CDSL) through a block deal worth INR468cr ($63m) to comply with market regulator Sebi norms which state a stock exchange is only allowed to hold a 15% stake in a depository. BSE previously held a 20% stake in CDSL. In the IPO for CDSL in 2017, BSE sold 26.05% of its previous 50.05% stake, and shares of CDSL have since gained 4% in the last three months, compared to BSE shares’ rise of nearly 29%.

ETMarkets has identified five stocks with a Golden Crossover, indicating potential growth opportunities. These companies have a market capitalisation of over Rs 5,000 crore. Read on to discover more about these companies and their businesses.

Tata Motors plans to increase its EV portfolio’s contribution to sales from 12% to 25% by the end of FY2027 and to 50% by 2030, according to its annual report. The company’s EV sales hit 50,000 in Q1 of FY 2022-23, from 1,300 units three years ago. The automaker will seek significant growth by expanding its EV sales and after-sales network, as well as charging infrastructure across India to build on this strategic advantage. Its subsidiary Jaguar Land Rover is set to make Jaguar an all-electric luxury brand. The first vehicle will be revealed in 2024 and available to customers in 2025.

Dow falls 0.49%, S&P 500 opens lower by 2.72 points and Nasdaq Composite drops 2.76 points at the opening bell.

ETMarket's screener has identified 11 stocks with an RSI above 75, indicating overbought conditions. With a market cap of over Rs 50,000 crore, these companies present potential investment opportunities. In this article, we delve into each company's business and provide valuable insights for investors

ETMarkets has identified 7 stocks with RSI below 30, indicating oversold conditions. This article explores these companies, and their business operations, and provides insights for potential investors looking to make informed decisions.

Discover the potential growth prospects of Linde India Ltd., Supreme Industries Ltd., ZF Commercial Vehicle Control Systems India Ltd., Prestige Estates Projects Ltd., Cummins India Ltd., IDFC First Bank Ltd., Tata Communications Ltd., MRF Ltd., and Power Finance Corporation Ltd. These mid cap stocks are edging closer to their 5-year highs, presenting investors with exciting opportunities for capitalizing on their upward momentum.

Explore the exciting prospects of large cap companies poised to break through their 5-year highs. This interactive and informative article highlights the potential investment opportunities offered by companies such as Trent Ltd., Cholamandalam Investment and Finance Company Ltd., DLF Ltd., ABB India Ltd., Axis Bank Ltd., and Ultratech Cement Ltd. Gain valuable insights about these companies and their sectors to aid in your investment decision-making process.

Discover the potential trend reversal opportunities as stocks approach and cross their 200-day Simple Moving Average (SMA) from below. This informative article highlights the companies Kansai Nerolac Paints Ltd., Hatsun Agro Product Ltd., HDFC Asset Management Company Ltd., Jindal Steel & Power Ltd., Procter & Gamble Hygiene and Health Care Ltd., and Vodafone Idea Ltd., providing insights into their recent performance and the implications for potential investors seeking strategic entry points.

In Wednesday's trade, the benchmark index Sensex rose 85 points, to close at 63,228. Amidst this rally, seven stocks listed in the BSE financial services index achieved new highs within the past 52 weeks. The significance of a 52-week high lies in its role as a crucial technical indicator for investors and traders, granting them the capability to assess a stock's current value and forecast future price trends. Essentially, it represents the highest price at which a stock has been traded over the course of the preceding year.

Sectorally, buying was seen in metal, oil & gas, energy, power, and utilities, while selling was seen in banks, IT, and capital goods.Stocks in focus included names like FACT, which rose nearly 15%, Tanla Platform, which closed with gains of over 3% and Tata Communications, which rose nearly 3% on Wednesday to hit a fresh 52-week high and is up about 30% in a month.

Explore the intriguing world of stock market trends as we delve into the stocks that are trading below their 200-day and 50-day Simple Moving Average (SMA) levels. This informative article highlights Solar Industries India Ltd., Rajesh Exports Ltd., Mahindra Holidays & Resorts India Ltd., Balrampur Chini Mills Ltd., and Asahi India Glass Ltd., providing potential investors with valuable insights to aid in their decision-making process.

Nifty has formed a small green candle, reflecting volatility at higher levels. The market is currently positioned at the hurdle of 18,800 levels, showing lack of strength for an upside breakout. Analysts suggest that if the previous swing high of 18,778 is taken out, it shall lead to further upside. Immediate support is placed at 18,625, while resistance on the higher-end is at 18,800-18,900. The trend remains positive, however, short-term weakness could arrive if there is an up move above 18,778 levels with lack of strength.

In stock trading, rising delivery percentages and strong trading volumes can indicate investor confidence and potential opportunities. This article explores the stocks listed on the S&P BSE Largecap index that have shown an increase in delivery percentages compared to the previous day and month, accompanied by robust trading volumes.

JP Morgan predicts a bleak outlook for India's IT sector due to weaker demand for IT services in June. Indian IT firms reported numbers lower than expected in Q4 2021 due to deferred project starts and cancellations. Income growth projections for FY24 are also weak across the industry, prompting JP Morgan to anticipate sub-5% year-on-year industry growth in FY24 and downgrade Persistent Systems to "underweight." It expects most IT services firms to miss their expectations and has placed Infosys, TCS and Mphasis on negative catalyst watch.

The Federal Reserve is expected to keep interest rates on hold during its meeting today, marking the first pause in raising rates in 15 months. While concerns on inflation remain high, Chair Jerome Powell suggested the central bank would rather take time to assess the impact of the previous rate hikes. The Fed's committee will keep options open for hiking interest rates again in July or September due to inflation running more than twice their goal. The statement is expected to retain a bias toward hiking rates without making any firm commitments, while economists predict a few dissents from FOMC regarding the pause.

Businesses are continuously adapting to the "always on" culture, and fintechs are no exception. Fintechs are leveraging various digital sales channels such as messaging apps like WhatsApp, chatbots, digital insurance apps, trading apps, and online marketplaces to provide a seamless customer experience. With the increasing use of social media platforms, fintechs are creating engaging content on platforms like YouTube and Instagram. Digital sales channels have contributed significantly to the growth of demat accounts in India. The rise in fintech adoption is in tandem with the surge in digital sales channels for growth.

In May, demat accounts grew 33% MoM, with 2.1 million new additions. The total number of demat accounts reached 118 million in the month, with CDSL gaining market share in terms of total accounts and NSDL gaining on an incremental basis. The Nifty rose by 2.1% MoM with inflation easing and improved global trends. The number of active users on NSE marginally improved in May after declining for 10 straight months, with an overall retail ADTO flat MoM; however, retail cash ADTO recovered strongly increasing by 15% MoM. The top five discount brokers now account for 60% of overall NSE active clients.

India's resilience and strength in macroeconomic indicators, coupled with the Goldilocks scenario and attractive investment landscape, make it a compelling choice for investors seeking stable returns and future growth potential, according to Lakshmi Iyer, CEO of Kotak Investment. Referring to India as the "stock called India," Iyer highlights the diverse sectors and opportunities available within India's economy, with few alternatives matching its growth potential. Although timing for rate cuts depends on global factors, including US rate trajectory and currency dynamics, Iyer suggests that India's growth drivers remain intact, presenting formidable alternatives for long-term investors.

In the Sensex pack, Tata Steel, Tata Motors, Power Grid, Reliance, UltraTech Cement, and NTPC closed higher, whereas, Bajaj Finance, IndusInd Bank, Axis Bank, Bharti Airtel and Bajaj Finserv closed lower.