JK Cement has given in-principle approval to sign a share purchase agreement with Toshali Cements to acquire 100% equity shareholding for a cost of INR157 crore ($21m). The committee of directors has been empowered to finalise the deal once the conditions precedent are met. The acquisition is expected to help JK Cement increase its footfall in the eastern region.

Nifty might be under some pressure, but the overall equation is still in favor of bulls. From a carbon black maker to construction company to southern India focussed banks 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 Futures Long Position Scan performed on Monday revealed Aggressive New Long positions on 4 smallcap 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)

Brokerage firms have maintained their stances on several stocks. Jefferies reiterated a buy rating for Sunteck Realty citing strong cash flow and a 25% growth guidance for FY24 as support. Credit Suisse retained an underperform stance on Container Corp, ABB India, and Voltas while being bullish on L&T, UltraTech Cement, and Cummins India. CLSA holds a positive view on HUL, ITC, and Dabur India but has maintained a sell rating on Britannia Industries and Nestle India citing high valuations. The global investment bank predicts a modest improvement in operating margins for FY24.

Apollo Hospitals saw a 10% rally in a month after breaking out from a rounding bottom pattern on the weekly charts. The breakout has paved the way for the stock to rise towards Rs 5,600 in the short-term. The stock recently hit a fresh 52-week high of Rs 5,008 and has risen over 13% in the past three months. The Relative Strength Index shows that the stock may show a pullback, while the MACD is a bullish indicator. The stock is now trading well above most of the short- and long-term moving averages.

4QFY23 saw weak volumes across logistics names, as global recessionary trends are hurting trade volumes. However, QoQ volumes are showing stabilising trends, according to global brokerage firm Jefferies. “Margins were relatively resilient and have leverage surprise potential on volume recovery. We believe 2023 should see Dedicated Freight Corridor (DFC) traffic rise for rail players and continuing GST-driven organised players’ share gain in road," it said. From the transport and logistics industry, the brokerage firm has buy calls on Adani Ports, Delhivery and TCI Express. Here's the brokerage’s list of 5 stocks that can rally up to 61%:

"The above shall be effective from trade date July 7, 2023 Friday and accordingly, all existing contracts with Thursday expiry will be revised to Friday on July 6, 2023 EOD. The first Friday expiry will be on July 14, 2023," NSE said in a circular.

The Indian Meteorological Department has predicted a normal monsoon this year, which analysts hope will be good for agriculture and driving rural demand. Here are five stocks to buy from sectors (agrochemicals, fertilizers and rural consumption) that are picked based on technical analysis and that also will likely reap benefits from a good monsoon. Source: Motilal Oswal.

IKIO Lighting is an Indian manufacturer of LED lighting products. The company is mainly an original design manufacturer and supplies products to customers, who further distribute them under their own brands. Well, subscribe to IKIO Lighting IPO or not? How are the company's financials? What's the long-term outlook? Watch.

"The above shall be effective from trade date July 7, 2023 Friday and accordingly, all existing contracts with Thursday expiry will be revised to Friday on July 6, 2023 EOD. The first Friday expiry will be on July 14, 2023," NSE said in a circular.

After being downgraded to "neutral" earlier in the year, India has rebounded and is now one of the top-performing emerging markets thanks to its encouraging GDP data, which has cemented its position as one of the fastest-growing economies globally. Strong earnings growth prospects, combined with swelling bids from both domestic and foreign investors, make Indian equities an attractive investment opportunity, despite rich relative valuations, according to Ridham Desai, managing director, Morgan Stanley India. Foreign portfolio investors have poured in more than $6.8bn into Indian markets since March.

Adani Group's prepaid loans of $2.65bn helped boost its share prices by up to 3% in Tuesday's trading. The group paid off its margin-linked share-backed financing of $2.15bn and $500m debt from its acquisition of Ambuja Cement, along with a $203m interest in March, before respective deadlines. The Adani Group's ratio of net debt to EBITDA was at 3.27, while the net debt to run-rate EBITDA ratio was at 2.81. The group's listed companies have a credit summary showing cash balance at INR40,351 crore and gross assets of INR4.23 lakh crore.

"IndiGo is expected to reduce their debt burden in the next couple of years while positive cash flows and incremental aircraft addition to their fleet, will allow the airline valuations to stand competitive against global peers of similar sized fleet strength and domestic market share. We value InterGlobe Aviation at 16.5 times EV/EBITDA for FY25E at a 12-month target price of Rs 2,790 per share," Anmol Das, Head of Research, Teji Mandi, said.

Among Sensex stocks, Infosys, Tech Mahindra, HCL Tech, Wipro, and TCS were opened in the red, while Bajaj Finserv, Asian Paints, Maruti, UltraTech Cement, Kotak Bank, and Tata Motors opened with gains.

Sensex falls 50 points, Nifty below 18,600; IT stocks tank, Adani Enterprises up 2%; Vodafone Idea, BHEL, Tata Steel are some of the losers in the morning trade.

: The stock price of this company had formed a double bottom in March-April and has been gradually rising thereafter. The price has now given a multi-month down-sloping trendline-breakout. Recently, it has formed a higher low just under the trendline. A rise in volume is supportive of the breakout and increases its reliability.

The markets on the first day of the week opened on a positive note and went on to hit a high soon. The Nifty, though, came off that level later in the day and ended the session with a rise of around one-third of a percent.

Three Indian stocks, Indiabulls Housing Finance, Manappuram Finance and India Cements, have entered the futures and options ban period as open interest on the companies exceeds 95% of market-wide position limits (MWPL). The ban is lifted when open interest falls below 80%. MWPL for Indiabulls stood at 97.9% on Monday; Manappuram’s was at 104.1% and India Cements' was at 100.2%. While the S&P BSE Sensex and Nifty50 closed up on Monday, moving into a consolidation phase with support at 18,500-18,450 and resistance around 18650-18700, respectively, Rajesh Bhosale at Angel One has advised maintaining a positive outlook in buying opportunities.

The S&P BSE Sensex increased by over 200 points, while the Nifty50 closed just under 18600 points on Monday. The India VIX was slightly up, leading to it creating swings within a smaller range. On the options front, a broader trading range in between 18300 to 18800 zones is suggested while immediate trading range falls between 18400 to 18700 zones, according to Chandan Taparia, the Analyst-Derivatives at Motilal Oswal Financial Services Limited. Stocks suggested by experts for a short-term trading horizon include BHEL, IndusInd Bank, and Titan Company, among others.

Indian equity markets opened the week higher, supported by positive macro data and global trends. The S&P BSE Sensex went up by 240 points at 62,787 and Nifty50 was settled at 18,593 levels. Auto gained 0.92%, pharma was up 1.23%, capital goods climbed nearly 1.14%, while IT was a laggard. Tata Motors' shares rose by 1.79%, HAL's shares were up by 3.8%, and Tata Chemicals' shares rose by nearly 3% on Monday. Technical and Derivative Research Analyst at Reliance Securities recommends buying Tata Motors, HAL and Tata Chemicals shares.

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 M&M and BHEL while Nooresh Merani has a buy/sell recommendation on L&T and Indusind Bank for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 16 points, or 0.09 per cent, lower at 18,709, signaling that Dalal Street was headed for negative start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons. Watch.

​​Since many of these blue chips are well-researched and widely-owned, ET looked into Goldman’s picks in the mid-cap space that it considers will multiply in value over the next few years.

Apple Inc ended 0.8% lower after the world's most valuable company unveiled an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone. Earlier Apple rose as much as 2.2% to an all-time high.

MSCI's Asia-Pacific shares index lost 0.1%, Tokyo's Nikkei was down 0.22%, China shares declined 0.15%, while Hong Kong's Hang Seng slipped 0.07%. Oil prices also fell, as Saudi Arabia pledged to further cut output, while US crude relinquished 0.25% to $71.97 per barrel and Brent was at $76.55, down 0.21%. The US dollar index saw minimal change.

The Board of SBI will meet on June 9 to consider and approve for raising funds during FY24 through private placement mode by way of issuance of debt instruments.

"HUDCO stock price has been in a 2-year consolidation and has now come out of this range-bound price action phase. Strong volumes along with indicator references make it a very lucrative buy at the current levels," Gaurav Bissa, VP, InCred Equities, said.

CaratLane had been in a strategic vendor relationship with Tanishq, Titan’s jewellery brand, since 2010. Between 2016 and 2019, Titan bought into the company in tranches, spending a cumulative Rs 440-450 crore, primarily via a secondary purchase of shares from Tiger Global, an early stage backer. Titan also made a primary infusion of Rs 99 crore in the company.

Founded in 2011 by Murdia, Indira IVF is India's largest fertility clinic chain, with 114 centres, supported by a workforce of over 2,400. It performed more than 40,000 in vitro fertilisation procedures in 2022. The clinic chain posted revenue of ₹1,250 crore in FY23 at an ebitda of ₹375-410 crore, said people aware of the matter.

Recently, State Bank of India (SBI) chairman Dinesh Kumar Khara said that the lender had received ₹17,000 crore of ₹2,000 notes and only 20% of those had been exchanged while the remaining stayed in the system.

The committee suggested that the Indian Banks' Association could update its Model Operating Procedure (MOP), in line with regulations, for hassle-free settlement of claims in accounts of the deceased account holders.

Shares of state-owned OMCs retreated for the second straight day. Bharat Petroleum Corp (BPCL) ended nearly 1% lower at the end of Monday's trading after falling as much as 1.4% earlier in the session. Shares of Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) also settled lower after falling 1-2%.

NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.

Several NBFC-MFIs found the clauses attached for taking the funding support from Sidbi quite stringent. They believe the clauses may create roadblocks in raising fresh equity from new investors. One of the clauses says that NBFC-MFIs cannot take fresh equity capital at terms more favorable than those offered to Sidbi, unless such terms are approved by it.

The platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and settlement arrangements are carried out through banks' overseas nostro accounts that are bound by weekends and currency holidays, JP Morgan said.

"Members are hereby informed that The Clearing Corporation of India Ltd. (CCIL), presently in the 'run-off regime', has made an application to the Bank of England for recognition as a TC-CCP on 31st January, 2023," the CCIL said on its website on June 2.

According to the voting results published on the BSE, 53.51% of institutional investors' votes was against the resolution, while 46.49% votes were in favour. Kalyani will however retain the post of the company's managing director as the special resolution went in his favour thanks to the dominant promoter group votes.

​​Since many of these blue chips are well-researched and widely-owned, ET looked into Goldman’s picks in the mid-cap space that it considers will multiply in value over the next few years.

FPIs are turning back to Indian equities due to the possibility that the peak of the interest rate cycle has passed and manageable current account deficit. FPIs invested nearly Rs48,838 crore in May 2023 in Indian equities, the highest in nine months.

The prepaid loans include a margin-linked share-backed financing of $2.15 billion, which the company had paid off by March 12 before its March 31 deadline. The group had also prepaid $500 million of debt taken for the acquisition of Ambuja Cement along with $203 million interest in March.

Shares for Housing & Urban Development Corporation have risen by around 20% in a month, hitting a new 52-week high in June, and experts suggest prices may continue on an upward trend. Some predict the stock price could reach Rs 70 in the next three to four months. The company's price has broken out of a Cup and Handle pattern on the weekly charts and witnessed a bullish MACD crossover, which has created a "strong buy signal."

First trillionaire on the planet will be someone solving climate problems," says Nithin Kamath of Zerodha. He also speaks on layoffs, 'ghar wapsi' of Indian tech talent, investment strategy and more

Indian equities remain attractive despite high relative valuations due to strong earnings growth prospects and increasing bids from domestic and foreign investors, according to Morgan Stanley India's Managing Director, Ridham Desai. While relative valuations remain high, India's profit book, low market correlation with oil and US growth and lower beta to emerging markets, set up India for strong equity markets, Desai said.

The Adani group has reduced the debt on books by $2.65 billion through prepayment of share-backed loans and the loan taken to acquire Ambuja Cements. The group made full prepayment of margin-linked share-backed financing aggregating $2.15 billion before March 12, well in advance of the March 31 deadline.

Benchmark indices Sensex and Nifty closed higher for the second straight session on Monday, boosted by buying in index heavyweights Reliance Industries, ICICI Bank and M&M stocks amid a positive trend in global markets. The 30-share BSE Sensex climbed 240 points to settle at 62,788. Nifty gained 60 points, but ended below 18,600 levels. From the Nifty pack, top gainers included HDFC Bank, Axis Bank, Reliance, HDFC and ICICI Bank.“The short-term trend of Nifty continues to be positive with range bound action. The present consolidation movement is expected to continue within a high low range of 18700-18500 levels in the next 1-2 sessions,” said Nagaraj Shetti, technical analyst, HDFC Securities, adding that a decisive move above 18700-18800 is expected to bring more upside for the near terms.Here are stock recommendations for Tuesday:

After a higher level of reversal (i.e. from Rs1,215 to Rs877), the stock respected its 20-month EMA and consolidated above that moving average.As per the current set-up, the stock is poised for a range breakout, which could lead it towards Rs 1,140. The key technical indicators recovered after testing the bull market support zone and were positively poised.On the lower side, the stock will continue to find support at around its 20- month EMA, which is currently placed at Rs 929.(Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Apple Inc shares rose 1.5% to touch an all-time high ahead of its annual software developer conference later in the day, where the iPhone maker is widely expected to announce a new mixed-reality headset.

Shares of the world's most valuable listed company were last up 1.5% at $183.70. They have jumped nearly 40% in 2023, compared with an 11.5% rise in the benchmark S&P 500.

Morgan Stanley has retained its stance on Indian equity markets given relatively strong domestic demand, but has cut its active position on China overweight as its initial recovery momentum waned in April and May. Morgan Stanley said the US dollar's strength is delaying the timeline for overall earnings recovery for MSCI China.

FPIs are turning back to Indian equities due to the possibility that the peak of the interest rate cycle has passed and manageable current account deficit. FPIs invested nearly Rs48,838 crore in May 2023 in Indian equities, the highest in nine months.