UBS has successfully concluded its acquisition of Credit Suisse, resulting in a mammoth banking entity, as two global banks unite for the first time in history. UBS Chairman, Colm Kelleher, says “We are now one Swiss global firm and, together, we are stronger." Many obstacles still remain as the two banks will now focus on integrating internal operations. Both banks’ balance sheets will remain separate but UBS has created a new board of directors dedicated only to specific Credit Suisse operations. As billions of Swiss francs are said to be saved through the merger, Switzerland’s political leaders worry that the bank has grown too large for its own good.

Emerging-market assets are expected to perform well in the second half of 2023 unless global interest rates peak, Chinese authorities support growth, and structural reforms bolster sentiment in India, according to market experts. These factors could result in this being the decade of emerging markets Morgan Stanley Investment Management envisaged earlier this year.

Seven stocks with a market capitalization of over INR 5000 crore have recently shown a golden crossover, a bullish technical pattern that indicates potential upward momentum in the stock's price. PNB Housing Finance, Info Edge (India), and Timken India are among the stocks that have displayed this pattern, indicating potentially promising opportunities in sectors such as housing finance, digital services, and industrial sectors. Investors should consider various factors, such as market conditions, company fundamentals, and industry trends, before using technical indicators like the golden crossover to make investment decisions.

Wall Street's main indexes rose with traders betting on the Federal Reserve holding interest rates at the 5%-5.25% range this week as they await inflation data. The US Labor Department's consumer price index for May is expected to show inflation cooled slightly but core prices are expected to have remained elevated.

Dow rises 30 points, S&P 500 opens higher by 9.46 points and Nasdaq Composite gains 67.23 points at the opening bell

Investors seeking potential buying opportunities may find these stocks intriguing, as their recent RSI crossovers suggest a potential rebound in prices. However, it is advisable to conduct thorough analysis and consult with a financial advisor before making any investment decisions based on technical indicators like the RSI.

Systematic Investment Plan is a popular investment choice for Indian mutual fund investors, with projections of SIP flows exceeding Rs 30,000 crore over five years. The increase in SIP investments highlights investors' growing confidence in a disciplined approach to investing for stable and consistent returns

As certain real estate companies demonstrate exceptional performance, Joshi suggests considering direct investments in real estate names or alternatively exploring related sectors such as cement and building materials.

The Nifty is forming a tight consolidation pattern between 18,550 and 18,630, indicating indecisiveness between buyers and sellers. It must hold above 18,636-18,676 zones for an up move towards 18,777 and 18,888 zones while on the downside support exists at 18,550 and 18,480 zones. The India VIX is up from 11.12 to 11.24 levels, suggesting a trading range between 18,400 and 18,900 zones. The immediate supports like the daily 10-day and 200-day EMAs have been offering the base for Nifty for the last two months. Bank Nifty has strong put writing at 44,000, 43,500, and the 43,000 levels.

In the international markets, gold and silver were trading lower at USD 1,959 per ounce and USD 24.10 per ounce, respectively.

Sectorally, buying was seen in realty, IT, telecom, oil & gas, and energy stocks, while some selling was seen in capital goods and power stocks. ​Stocks in focus included names like FDC, which hit a fresh 52-week high, Suzlon, which rallied over 9% and Go Fashion, which fell nearly 5% on Monday.

ICICI Securities has sustained its 'Buy' rating on Infosys, stating that the risk-reward ratio is favourable in the IT sector, with a limited downside. The brokerage firm has set a target price of INR 1,641, indicating a potential increase of 27% from Infosys' current value of INR 1,292. The brokerage report added that Infosys has already declared several deal victories in Q1FY24 and holds a strong mega-deal pipeline, with a few deals in advanced stages. The stock currently has an attractive valuation of 19.6x 1-year forward P/E, close to its 15-year average multiple of 19x.

The share allotment for IKIO Lighting will take place on June 13, with investors receiving shares on a lottery basis. Shares are expected to be listed on June 16, with expectations for a healthy premium as shares are commanding a GMP of Rs 107. The IPO was oversubscribed 66.29 times, with institutional buyers driving much of the demand. The net proceeds will be used for partial debt repayment, investment in subsidiary IKIO Solutions, and general corporate purposes. IKIO Lighting designs, develops, manufactures, and supplies products to customers who then further distribute products under their brands.

Closing Bell: IT stocks drive Sensex 99 pts higher; Nifty above 18,600; Suzlon Energy surges 10%, HCL Tech 3%

From the Sensex stocks, HCL Tech and Infosys were the top gainers, rising over 2%. NTPC, M&M, TCS, Nestle, and Tech Mahindra also closed higher. Meanwhile, Power Grid, L&T, Maruti, Titan, HDFC Bank, and Wipro closed lower.

World stocks were below 13-month highs but up 0.2% to 0.8%, as investors waited for US CPI data due on Tuesday and key inflation data, as well as US Federal Reserve and European Central Bank meetings later in the week. The European Central Bank is, however, expected to raise rates by 25 basis points on Thursday. Although the US dollar index was down, the Bank of Canada and the Reserve Bank of Australia's surprise rate hikes had prompted investors to increase speculation that central banks will prolong their tightening cycles.

UPI the biggest innovation of last decade. Digital economy set to take off like never before. Don't think availability of capital would be a big hindrance. AI is going to be like an 'electricity moment'. Internet users now transforming to 'digital transactors' as well. Still see a runaway of growth for e-commerce: Navneet Chahal, Partner, Bain & Company.

Maruti Suzuki India stock is in a strong uptrend with a potential upside of around 14%, or over Rs 1,300 per share, based on the current chart structure and robust fundamentals. Prabhudas Lilladher remains positive on the growth prospects of MSIL as the automaker gained market share and increased ASP filling white spaces in UV portfolio. The brokerage firm reiterated its buy stance on Maruti Suzuki shares with a revised target price of Rs 10,300. Despite cutting FY24/25 EPS estimates, the medium to long-term prospects remain strong for the counter, with the potential to become a multibagger over the next 4-5 years.

The Media sector has had a tough year in 2023 so far, making it one of the weakest-performing sectors compared to other sector indices. It experienced a decline of 11.5%, second only to the Nifty Oil and Gas sector, which fell by 12.5%. Meanwhile, the benchmark Nifty rose approximately 2.5%. Most stocks in the Nifty Media pack have given negative performance thus far, with five stocks from the list witnessing declines of 15-33% (Data Source: ACE Equity).Moreover, several stocks have reached their 52-week lows in recent months. Nevertheless, there is a glimmer of hope as some stocks have shown signs of recovery after hitting their lowest points of the year. Based on the Trendlyne SWOT analysis, several media stocks have witnessed a decrease in net profit accompanied by a declining profit margin.

Six Nifty50 stocks generated a bearish signal and suggested that it was time to sell these counters as the MACD crossed down through the signal line. (Source: StockEdge)

Shares of Urja Global surged 20% after announcing an agreement with Tesla Power India for manufacturing and supplying batteries under the Tesla Power USA brand. Urja Global will be the manufacturer and supplier partner of batteries in India. The smallcap Indian company is in the renewable energy sector and is involved in the design, supply, and maintenance of off-grid and grid-connected solar power plants as well as the application and trading of solar and lead-acid batteries. The company was also directed by SEBI to obtain certification of the authenticity of corporate announcements.

Six Nifty50 stocks generated a bearish signal and suggested that it was time to sell these counters as the MACD crosses down through the signal line. (Source: StockEdge)

Indian domestic funds, including IIFL Mutual Fund-IIFL Focused Equity Fund, SBI Mutual Fund, and 360 One Mutual Fund, purchased CMS Info Systems' shares at an average price of INR 300 ($4.06) per share, while foreign investors, including Abu Dhabi Investment Authority and Norges Bank, also bought shares. CMS is among the leading cash management and payments solution firms in India and has been consolidating in a range of INR 306-328 over the past month. Its 1-year returns stand at 43%, and the counter has outperformed Nifty50, which yielded nearly 12% returns during the period.

Indian domestic funds, including IIFL Mutual Fund-IIFL Focused Equity Fund, SBI Mutual Fund, and 360 One Mutual Fund, purchased CMS Info Systems' shares at an average price of INR 300 ($4.06) per share, while foreign investors, including Abu Dhabi Investment Authority and Norges Bank, also bought shares. CMS is among the leading cash management and payments solution firms in India and has been consolidating in a range of INR 306-328 over the past month. Its 1-year returns stand at 43%, and the counter has outperformed Nifty50, which yielded nearly 12% returns during the period.

The RSI or Relative Strength Index indicates the speed as well as the change of price movement. The said index hovers in the range of 0-100. For the below-specified stocks, the RSI is trading above 70 which means these stocks are in the overbought zone. A sell signal is generated for these counters as they are overvalued. (Source: StockEdge)

The family of InterGlobe Aviation's co-founder Rakesh Gangwal is reportedly considering selling between 5% and 8% of their stake in the Indian airline for up to INR7,500 crore ($910m). Rakesh Gangwal and his wife Shobha hold a combined 16.22% stake in the company and their Chinkerpoo Family Trust controls a further 13.5%. The shares will likely be sold via block deals when the lock-in period ends on 15 July. Gangwal resigned from the company's board in February and said he would reduce his stake over five years.

Despite facing a 10% dip from its record-high, Bharat Heavy Electricals (BHEL) could surpass the December 2022 highs in the short-run, according to technical analysis. The stock broke out of a Flag & Pole candlestick pattern on weekly charts in May 2023 and has sustained support above the 200-DMA on daily charts. The daily SMA indicates a predominantly bullish trend. Founder & CSO at AlgoBulls, Suraj Bathija, advises buying shares at CMP Rs 85, with potential targets of Rs 116 and Rs 145 and a stop loss of Rs 77 in the next quarter.

The family of IndiGo's co-founder Rakesh Gangwal was likely to sell between 5%-8% stake in the Indian airline's parent InterGlobe Aviation Ltd , worth upto 75 billion rupees ($909.58 million). The Gangwal family will likely sell stake in block deals when the lock in for shares open on July 15, the report said.

TVS Motor's Singapore subsidiary has agreed to purchase an additional 25% stake in Swiss E-Mobility Group (Holding), making it the wholly-owned subsidiary of TVS Motor (Singapore). SEMG is a Swiss e-bike platform with B2B and B2C businesses selling branded e-bikes to end consumers and B2B key accounts. TVS Motor previously acquired a 75% stake in SEMG through its Singapore subsidiary in 2022. TVS Motor's stock has risen by 25% on a YTD basis and 79% on a yearly basis. The company's net profit for Q4 FY23 grew 49.5% YoY.

For a short period volatility came back on the street and it was appearing that bias would turn toward bears. But bulls have not given an inch. In this small phase there are stocks which 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.

Shares of Zomato, an Indian online food delivery aggregator, jumped 17.5% in the past week and touched a 52-week high of Rs 80 ($1.07) on 28 June. The company's shares were listed at a significant premium of Rs 125 per share in 2021 after its IPO. Zomato reported its Q4 results on 19 May, with its earnings before interest, taxes, depreciation, and amortisation (EBITDA) turning positive at Rs 28 crore. The company has narrowed its losses to Rs 188 crore while recording a 70% YoY increase in consolidated revenue at Rs 2,056 crore.

Suzlon Energy's shares rose 7.4% to a 52-week high of INR15.05 ($0.20) as it surged 12.5% in two days. The consolidation of the stock suggests a continuation pattern that will identify it as an uptrend with support level near INR12. The renewable energy company announced last week that it had achieved the landmark of 20 GW installed wind turbine capacity worldwide. Suzlon Energy posted a consolidated net profit of INR320 crore for Q4FY23 and consolidated net profit of INR2,852 crore for FY23, while its total income for FY23 was down 9% at INR5,990 crore.

Shares of online travel platform EaseMyTrip, surged 8.5% after it announced its partnership with World Padel League (WPL) 2023. The company will provide travel solutions to players, officials, and fans attending the tournament, along with showcasing EaseMyTrip's branding throughout the event. Co-Founder, Rikant Pittie, said this partnership will help connect with a wider audience of sports enthusiasts. Although the stock has corrected by 91% from its high of Rs 438, institutional investors have increased their shareholding in the stock, but mutual funds have reduced their holdings, according to Trendlyne data.

After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments.

The Indian automobile sector witnessed a broad-based rally in the past week with the 15-stock Nifty Auto index outperforming the broader Nifty50, and has given over 28% returns in the 12-month period. Aamar Deo Singh, Head Advisory at Angel One recommended investors book part profits and trail the balance as short-term indicators in Nifty50 are displaying fatigue at higher levels, and profit-booking is possible. Top brokerages, including BNP Paribas, JM Financials and LKP Securities, advise a stock-picking strategy to investors. The firms remain positive on the sector, with LKP, recommending Maruti Suzuki, M&M, Ashok Leyland, TVS Motor and Bajaj Auto stocks as their preferred picks.

After being in the front leading the stock market rally during covid, software stocks have been witnessing correction in their valuations for more than a year. But in the last few weeks, they have been witnessing some positive reaction whenever there is any news related to their earnings or any sectoral developments.

India's banking sector is attracting the attention of both local and foreign investors as it remains healthy despite challenges faced by the banking sectors of developed economies like Europe and the US. According to analysts, the sector post-COVID-19 has experienced strong growth and a significant reduction in bad loans and provisions, particularly among public sector banks. These banks have been focussing on cleaning their balance sheets by reducing their NPAs and reporting huge profits. In FY23, all banks reported profits, even reaching historic highs, making them a favoured investment opportunity.

Go Fashion's shares dropped over 5% on the NSE after Sequoia Capital attempted to sell 11% of their stakes in the company through a block deal, with nearly 57.5 lakh shares sold at an intraday low of Rs 1,135. The midcap stock, which had a market cap of Rs 6,130 crore, gradually declined from the 52-week high it reached in November 2022. As per Trendlyne data, both its relative strength index (RSI) and money flow index (MFI) stayed in the overbought area, and the beta during the period of the high volatility in the last month was 1.39.

Paytm's shares have risen over 80% since hitting a 52-week low of INR438.35 on 23 November. Last week's rally of 13.5% came after global brokerage firm BofA Securities upgraded the stock to a buy rating from neutral, with a revised target price of INR885, citing strong revenue momentum, potential operational leverage upside and limited competition. Another foreign brokerage, CLSA, also assigned a buy rating and INR850 target price. Although still not trading close to its IPO price of INR2,150, Paytm's management aims to achieve EBITDA break-even by September 2023.

Equity markets ended the last week on a flattish note and investors will likely take cues from US Fed policy outcome and the macro data to be released later during the week. Here are five technical picks from analysts that can rally up to 11% in the short term.

From the Sensex pack, Infosys, M&M, Tata Steel, HCL Tech, Tata Motors, and UltraTech Cement opened with gains, while Reliance, IndusInd Bank, L&T, Maruti, Power Grid, and Titan opened with losses.

Indian Energy Exchange (IEX) stock hit a two-year low of Rs 116 on BSE due to downgrades by brokerages after the power ministry announced the introduction of a market coupling method for spot power trading. The market coupling may damage IEX's "moat" and allow other exchanges to cut into its market share over time, leading to volume growth threat. Nuvama and Antique Stock Broking downgraded the stock to sell.

Sensex jumps over 100 pts, Nifty tops 18,600; Shipping Corp gains 4%, Divis Labs drops 2%; Indian Energy Exchange, Manappuram Finance, Tata Steel are some of the gainers in the morning trade.

Credit Suisse reiterated the outperform rating for InterGlobe Aviation, setting its target price at Rs 2,700 due to short supply of airplanes. Meanwhile, Macquarie initiated an outperform rating on TVS Motor, setting its target price at Rs 1,418, citing positive fundraising and cap for future TVS CS' capital requirement. Sharekhan and ICICI Securities both maintained a buy rating, with Sharekhan setting its target price for Tata Motors at Rs 633 and ICICI Securities setting its target price at Rs 1,267, but also noting that Infosys’ Q1FY24 result is expected to be weak.

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 Maruti Suzuki and United Spirits while Nooresh Merani has a buy/sell recommendation on ICICI Bank and NTPC for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed above their 200 DMA (Daily Moving Averages) on June 09, 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 Indian market is predicted to trade higher due to positive global cues. India VIX decreased for four weeks. Maximum call OI has been placed at 18700 and put OI at 18600 strikes. Furthermore, the trading range is expected to be in between 18400 to 18900 zones, while an immediate range will be in between 18450 to 18750 zones. Stocks recommended for trading are Apollo Tyre, BHEL, TCS, and Voltas. Nifty has made higher highs for the last eleven weeks, and resistance is expected at 18676 and 18777 levels.