Vedanta Resources' top management told bondholders at the annual investor call earlier this week that in the first quarter, Vedanta paid a higher royalty fee of 3% against 2% (paid last year) of annual revenue to its parent Vedanta Resources, said people attending the call.

Experts predict that FDC, a pharmaceutical company, may reach Rs 400 in the medium term, provided the stock closes above strong resistance at Rs 320. While it hit a 52-week high of Rs 322.70 on June 12, the stock is still showing positive signs, having rallied over 2% in a week and over 18% in the last three months.

The S&P 500 and Nasdaq reached 14-month highs following a modest rise in May's consumer prices, increasing speculation the Federal Reserve may hold borrowing levels steady at the end of a policy meeting on Wednesday. The US Labor Department indicated that the consumer price index had grown 0.1% last month, with core inflation remaining at 0.4%. As year-end inflation was a lower-than-estimated 4.0%, the cost of energy products and services were reduced. Currently, 93% of traders expect the US central bank to maintain interest rates at 5%-5.25% on Wednesday.

During Tuesday's trading session, the Sensex benchmark index witnessed a rise of 418 points, closing at a notable 63,143 level. Amidst this market surge, nine stocks listed on the BSE commodities index successfully recorded new 52-week highs. The significance of the 52-week high lies in its role as a crucial technical indicator for traders and investors, enabling them 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 past year.

Tyre manufacturer MRF on Tuesday created a new milestone on Dalal Street as it became the first stock to cross the Rs 1 lakh mark. MRF shares rallied 1.37% to hit a new 52-week high of Rs 100,300 on BSE. Earlier in May, MRF had fallen short of just Rs 66.50 to hit the Rs 100,000 mark in the spot market but had crossed the psychologically-important level in the futures market on May 8.

Nine stocks on the BSE commodities index hit new 52-week highs amidst a notable market surge, with Sensex closing at 63,143. The 52-week high is a crucial technical indicator used by traders and investors to evaluate a stock's current value and predict future price trends, representing the highest price of a stock traded over the past year. The stocks include Jindal Stainless, Linde India, and Ultratech Cement, among others, with gains of up to 22% over the last one month.

The central bank has raised interest rates by 500 basis points, taking them to the highest level in almost 17 years since March last year. The CME Fedwatch tool suggests there is an 82% probability of the central bank leaving its target range unchanged. While a pause has already been factored into the markets, the outlook for rate trajectory in the ensuing months will be pivotal.

The Securities and Exchange Board of India (SEBI) has laid out new regulations which will require providers of execution-only platforms for direct plans of mutual funds to register before offering services. The regulations aim to maintain a balance between investor convenience and protection, and will come into force on 1 September. The structure will consist of two categories of registration: Category 1 for EOPs that act as agents of asset management companies registered with AMFI, and Category 2 for EOPs that act as investor brokers.

Bernstein estimates revenue from Reliance Industries' clean energy vertical to hit $10bn by 2030, and sees potential for 60% of the overall addressable market in solar energy, 30% in batteries and 20% in hydrogen. The Indian company plans to have installed solar capacity of 100 GW by 2030, representing 35% of India's targeted capacity of 280 GW, the research firm said. Bernstein believes Reliance New Energy could be valued between INR100-200 ($1.35-$2.7) a share by 2050. India's target of producing five million tonne of green hydrogen annually by 2030 is another opportunity, the firm said.

"India's credit conditions have improved," said Alka Anbarasu, Moody's Investment Service.

The company's board last week ousted Matt Furlong, a former Amazon.com executive who was handpicked to lead the largely brick-and-mortar operations company's online expansion, fanning concerns about the videogame retailer's ailing business.Furlong's exit came as the company struggles to turn a corner after it posted a bigger-than-expected loss for the latest three months and missed revenue expectations, with net sales falling for a fourth straight quarter last week

The Dow Jones Industrial Average rose 44.75 points, or 0.13%, at the open to 34,111.08. The S&P 500 opened higher by 13.68 points, or 0.32%, at 4,352.61, while the Nasdaq Composite climbed 104.60 points, or 0.78%, to 13,566.53 at the opening bell.

Bernstein estimates revenue from Reliance Industries' clean energy vertical to hit $10bn by 2030, and sees potential for 60% of the overall addressable market in solar energy, 30% in batteries and 20% in hydrogen. The Indian company plans to have installed solar capacity of 100 GW by 2030, representing 35% of India's targeted capacity of 280 GW, the research firm said. Bernstein believes Reliance New Energy could be valued between INR100-200 ($1.35-$2.7) a share by 2050. India's target of producing five million tonne of green hydrogen annually by 2030 is another opportunity, the firm said.

Stocks in focus included names like MRF, which closed with gains of over 1%. The stock closed a fresh high above the Rs 100,000 mark for the first time. Other stocks which remained in focus included names like Olectra Greentech, which rose over 7% to hit a fresh 52-week high, and Bombay Burmah Trading Corp closed with gains of over 10% to hit a fresh 52-week high

The consumer sector witnessed good earnings growth in Q1 2021, but the recovery has been patchy, according to a report by BofA Securities. Unlike earlier quarters of weak performance, most discretionary segments rebounded during the period with a year-on-year median revenue growth of 15%, up from 12% in Q4. Meanwhile, steady median revenue growth of 11% was reported in the consumer staples sector, which was led by food and beverage products. On a four-year CAGR basis, revenue trends were "relatively steady" across sub-sectors, but BofA noted that there was a "K-shaped recovery", with premium products outperforming entry-level ones.

ETMarkets screener has identified five companies showing the Bullish Strong Line candlestick pattern. KEC International's stock demonstrates this pattern but with a slight negative 1D return. Delhivery has a marginal 1D return, indicating a possibility of bullish continuation. Century Plyboards showcases a Bullish Strong Line pattern accompanied by a positive 1D return, suggesting potential for a bullish continuation. Sheela Foam’s stock displays a strong Bullish Strong Line pattern and a significant 1D return signalling potential for investors to capitalize on the positive momentum. Nazara Technologies demonstrates a Bullish Strong Line pattern coupled with a substantial 1D return, highlighting its positive market sentiment and growth potential.

Six companies from India's Nifty50 index have achieved fresh 52-week highs, indicating strong performance and investor confidence. Hitting a 52-week high implies a stock has reached its highest level in the past year, potential for further growth, and positive market sentiment. Six companies achieving this milestone, including Axis Bank and UltraTech Cement, demonstrated their ability to navigate challenges and capitalize on growth opportunities in their respective sectors. Investors often track stocks hitting fresh 52-week highs to evaluate companies' financial health and market competitiveness.

Discover the impressive performance of 10 large-cap stocks, filtered by market capitalization, that are currently trading near their 52-week highs. This engaging and informative article offers insights into each company, aiding potential investors in making informed decisions

Mutual funds were net buyers in Indian equities during the month, adding stocks worth Rs 2,447 crore compared to selling Rs 4,533 crore worth of shares in April. Two private banks, ICICI Bank and HDFC Bank, remain among the top holdings of the top five AMCs including SBI Mutual Fund, ICICI Pru AMC, HDFC Mutual Fund, Nippon Mutual Fund, and UTI Mutual Fund.​

Adani Group is in talks with several lenders, including global banks, to refinance a loan facility of up to $3.8bn it had taken for its Ambuja Cements acquisition last year. The Indian conglomerate may convert the original loan into debt with a longer maturity period and has started discussing the plan with banks privately.

According to Moody's, India's corporates will face earnings uncertainty over the near term as geopolitical developments and inflationary environment will impact demand. However, the credit quality of India Inc is expected to remain supported by the country's relatively strong economic growth, supportive government policies, and investments in large infrastructure projects. Moody's also expects India to remain a bright spot among its G20 emerging market peers in the steel sector. Sectors like hotels, aviation, construction, and renewable energy are expected to face healthy demand growth, while others will likely experience stable demand.

Indian shares closed higher on Tuesday as cooling inflation helped lift stocks across sectors, while broader risk sentiment improved on hopes of an upcoming pause in rate hikes by the US Federal Reserve. The blue-chip Nifty 50 index closed 0.62% higher at 18,716.15, while the benchmark S&P BSE Sensex rose 0.67% to 63,143.16. Twelve of the 13 major sectoral indexes logged gains, with FMCG climbing 1.38%.Here are the stocks that were in the limelight today:

India VIX was down by 1.16% from 11.24 to 11.11 levels. Volatility cooled off today, which comforted the bulls at higher zones. Options data suggests a broader trading range between 18,500 to 18,900 zones while an immediate trading range between 18,600 to 18,800 zones.

Bank of America Corp.’s latest global survey of fund managers showed that investors are heavily investing in tech stocks amid the buzz around artificial intelligence. The study reported that fund managers remain broadly underweight on stocks as sentiment remains “stubbornly low.'' The participants also believe that AI will drive corporate profits higher in the next two years. However, caution prevailed in the survey, which showed that 59% of participants don’t think the Fed is done tightening policy.

ETMarkets has identified 7 stocks with RSI values below 30, indicating oversold conditions. These stocks, with a market capitalisation of over Rs 500 crore, present potential investment opportunities for informed investors. Here, we highlight the key details and business profiles of each company.

Investors should exercise caution when considering these stocks for investment. Although high RSI values suggest bullish momentum, they also imply the possibility of an imminent correction. Investors should conduct further research and consult with financial advisors before making any investment decisions.

Closing Bell: Sensex extends gains to 2nd day in a row, ends 418 pts higher; Nifty above 18,700; Tata Comm jumps 8%, ITC 2%.

Shares of MNC Honeywell Automation India are second on the list with a price tag going above Rs 41,000. Top stock picker Saurabh Mukherjea-owned Page Industries is the third most highly-priced stock and was trading near Rs 38,000.

From the Sensex pack, ITC, Titan, Asian Paints, Bajaj Finserv, Tata Steel, and Reliance closed higher, while Kotak Mahindra Bank, HCL Tech, M&M, Bharti Airtel, SBI, and Maruti closed with cuts.

Investors should exercise caution when considering these stocks for investment. Although high RSI values suggest bullish momentum, they also imply the possibility of an imminent correction. Investors should conduct further research and consult with financial advisors before making any investment decisions.

Alternative Investment Funds (AIFs) are becoming a popular investment option due to specialized opportunities, higher potential yields, and recent regulatory reforms, according to Alok Saigal of Nuvama Private. The minimum investment threshold of INR 1 crore acts as an entry barrier, attracting sophisticated investors who seek tailored strategies. The AIF category in India has grown tenfold over the last seven years, reaching assets under management of INR 7 lakh crores. These investments typically have a long-term horizon of around ten years, which requires dedicated efforts from advisors to manage investor expectations.

High net worth individuals with a long-term investment horizon can invest directly in equities or via mutual funds or exchange traded funds, with equity investments being the top recommendation for long-term investments. Experts advise HNIs to allocate more significant chunks towards equity investments and stay invested for 5-10 years

Tyre manufacturer MRF on Tuesday created a new milestone on Dalal Street as it became the first stock to cross the Rs 1 lakh mark. Apart from MRF Tyre, the other high-priced stocks include Honeywell Automation, Page Industries, Nestle, and Shree Cement. Based on their current market prices, here's a list of 10 high-priced stocks in India:

The provisions of the budget brought a number of financial services under pressure. However, in the Q4 earning season when IT stocks came under pressure it has been financial service stocks including banks which have been able to help Nifty recover. We take a look at what analysts are saying for select financial service stocks.

Essel Group Chairman Subhash Chandra and Zee Entertainment Enterprises Limited (ZEEL) MD and CEO Punit Goenka have moved the Securities Appellate Tribunal (SAT) against a Securities and Exchange Board of India (SEBI) order that restrained them from holding key managerial positions in listed entities.

The merger of India's HDFC Bank and Housing Development Finance Corp. is nearing completion, with investors waiting for the announcement of the 'record date', relating to the swap of shares. The merged entity will be worth $168bn, making it the world's fifth-most valuable bank. A cut-off date will determine which HDFC shareholders are eligible to receive HDFC Bank shares, with a week or two required for listing of new shares. Once the HDFC Bank share price adjusts to incorporate the value of HDFC, the two firms will be excluded from any index on the ex-date.

Jefferies has identified India's smaller private banks as attractive due to their average valuations remaining attractive relative to larger private peers, despite recent outperformance. Small banks are trading at an average valuation of 1.9x, compared to the larger private banks' average of 2.6x and large non-bank financial corporations' average of 5.2x. As growth improves, valuations could see a positive rerating. Bandhan Bank and IndusInd Bank are Jefferies' top buys, with the bank expecting higher funding costs and Non-Performing Loans in smaller private banks to be resolved, delivering better earnings momentum.

Indian tyre manufacturer MRF became the first company to see a share price tag exceed INR100,000 ($1,347) in India. MRF is the priciest stock listed on the Indian stock market and it's followed by multinationals such as Honeywell Automation, but stock prices should not be equated with stock valuations. Sonam Srivastava of Wright Research said the value of a stock was influenced by factors including market capitalisation, price-to-earnings ratio and investor expectations factor. Most brokerages have given sell ratings on MRF shares, but technical analysts predict the stock can continue to outperform broader indices.

Of the 15 PMS funds, 13 of them beat their benchmark BSE 500 index in May. Last month, the S&P BSE 500 index gave 3.5% returns.Some of the prominent names in this list are Carnelian Advisors’ multi-cap fund, Phillip Capital’s small- and midcap fund, Equirus Wealth’s smallcap fund, and Tulsian PMS’ largecap fund.

According to StockEdge’s technical scan on the MACD, 5 midcaps can see an uptick in share price. Here are the details. Let’s first understand what's MACD and other important metrics

The Nikkei rose by 1.8% to close above 30,000 for the first time in 33 years led by tech shares, including SoftBank Group and Advantest Corp, on expectations of investment in chip-related companies. Toyota Motors' announcement to market next-generation battery electric vehicles from 2026 also added to the surge. Daiwa Securities strategist Kenji Abe noted that with Fed easing expected later in the year, this high valuation is likely to continue for the time being. The auto sector rose 3.4%, while drugmaker Eisai Co Ltd fell by 2.22%. The broader Topix gained 1.16%.

The provisions of the budget brought a number of financial services under pressure. However, in the Q4 earning season when IT stocks came under pressure it has been financial service stocks including banks which have been able to help Nifty recover. We take a look at what analysts are saying for select financial service stocks.

RSI, or the relative strength index, computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. An RSI above 50 is a bullish indicator. The data takes into consideration the time period of 14 days to compute RSI. (Source: StockEdge)

Shares of Berger Paints, Asian Paints, Akzo Nobel, and Kansai Nerolac surged up to 4% as oil prices dropped around $3 a barrel, benefiting paint companies due to a fall in crude derivatives. However, oil prices rebounded due to bargain hunting, clawing back some lost ground from the previous day's decline. The increase was limited due to investor caution ahead of key policy decisions by the US Federal Reserve and other central banks. Despite this, Saudi Arabia's pledge to cut its July output by 1 million barrels per day has created a boost in prices.

Indian equity markets have surged since the start of FY 2023-24, driven by tailwinds including strong FII inflows, domestic inflows, FDI and an expected rebound in corporate earnings. However, headwinds such as the impact of El Nino on domestic consumption, the impact of slowing global economy on Indian exports, and rising risk aversion among policymakers could derail the market's growth. The lack of progress in privatizing PSBs and PSUs remains a shortcoming of the current government.

Angel One's stock price broke out of a descending triangle pattern which could push it towards Rs 1,800 in the next 3-4 months, according to experts. The stock saw a rise of over 13% in a week and has risen nearly 50% since March. However, the sharp price recovery seen in the stock has also led to it being overbought with its RSI at 73.6, indicating a potential pullback. On a positive note, the stock is trading above most short and long-term moving averages on daily charts and has displayed a favorable correction since July 2021.

Jefferies has raised the target price on Tata Motors to Rs 700 from Rs 665, estimating a 24% upside in the base case scenario. Meanwhile, Jefferies sees a maximum upside of 40%, with a price target of Rs 790 per share. The price target of Rs 700 is based on 11X FY25E EV/EBITDA for India CVs, 10X FY25E EV/EBITDA for India PVs, 2.3X FY25E EV/EBITDA for JLR and 50% discount to transaction value in stake sale to TPG for India EVs. Tata Motors vowed to focus on EVs while achieving strong profitability and cash flows during its ‘Investor Day’ meeting.

As the large auto companies make a comeback, even the auto ancillary stocks are coming back on the attention list. While it might surprise many, the fact is that the majority of sales in the auto industry are financed through an auto loan. That is the reason why in the second half of 2018 when the NBFC crisis happened, one of the biggest hits was taken by the auto industry and hence auto ancillary. We take a look at companies where analysts are projecting further upside in the next 12 months. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

As Nifty comes closer to form a new high, more number of mid-caps stocks are joining the party. Three companies which form part of the healthcare chain, from a hospital to pharma company to diagnostic player have seen an improvement along with price action supporting the bulls. 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.

The Indian monsoon is closely watched by investors as it holds significance for the government and the economy. The Indian Meteorological Department predicts a normal southwest monsoon this year, though El-Nino conditions pose a risk. A study by Stoxbox shows that the market does not react in a linear way to the outcome of the monsoon, but a good monsoon could boost sales for companies in the sectors of staples, consumer durables, automobiles, agro-chemical, fertilizers, and banks/NBFCs. Fertilizer and agrochemical companies are likely to benefit from a normal or above-normal monsoon.