The Nifty 50 closed 0.3% higher at 18,534.10 points on Friday, failing to surpass immediate resistance at 18,580 points. Technical charts suggest support-based buying remains intact, with the index set to witness an upturn towards 18,666 and 18,750 points if it holds support at 18,442 points. The FPI Long-Short ratio indicates traders now hold more short positions related to long positions, and the Relative Strength Index shows bearish divergence, with a potential downturn in prices. Experts believe the market will remain range-bound, with support at 18,450-18,500 points and resistance at 18,600-18,800 points.

Anmol India has decided to issue bonus shares to investors in the ratio of 4:1; for every one share held, they will receive four additional shares. The bonus shares will be issued out of the company's securities premium account and free reserves as on March 2023. The estimated date for the shares to be dispatched is July 31. The company's Board has also approved an increase in authorized share capital, and the reappointment of its Managing Director. Anmol India is a coal trading company that has seen a 65% increase in its stock on a year-to-date basis.

Bajaj Auto touched a 52-week high and closed higher after reporting strong domestic sales in May. The Nifty Metal gained 1.22%, and the Nifty Auto rose 0.92%, while the Nifty FMCG and Nifty PSU Bank also closed higher.

Investors are advised to have a longer-term view for equity investments for optimum gains, as equity can be volatile and lead to significant drawdown in the short term. Experts recommend passive modes of investment, such as SIPs and ETFs, for retail investors seeking liquidity while conducting a more cautious approach to P2P lending. For those with a balanced profile, exposure to equities can be gained via conservative hybrid funds. Constructive research, not timing the markets, is also advised. Meanwhile, a blend of growth and dividend yield assets is recommended given today’s financial market uncertainty.

From the Sensex pack, Tata Steel, Maruti, M&M, Sun Pharma, L&T, and Bharti Airtel closed higher, while Infosys, Wipro, HCL Tech, TCS, and IndusInd Bank ended in the red.

Crayons Advertising, India's first major integrated advertising agency, listed on the NSE Emerge platform at a premium of 38% over its IPO price. The share price soared to 45% over issue price and is currently trading at INR 94.5 apiece. The IPO was oversubscribed by 147.61 times, with the retail category receiving strong bids of 169 times more than the reserved bit. The funds raised will be invested in capital expenditure on infrastructure and technology. Meanwhile, Vasa Denticity, a dental products e-commerce company, also listed at a 65% premium and was oversubscribed by nearly 68 times.

Mark Mobius of Mobius Capital believes that technology hardware will significantly influence India's future development. He predicts it will become a crucial and prominent industry in the country.

Closing Bell: Sensex rises after 2-day hiatus, ends 119 pts up; Nifty above 18,500; Zomato rallies 5%, Infosys falls 2%

S&P Global Ratings expects a rise in operating cash flows for India's largest oil and gas producer, ONGC, due to higher production volumes and the removal of the windfall tax on crude oil. The increase is expected to help the company maintain its credit quality. S&P predicts that ONGC's domestic production volumes will be up by 8-10% by 2024. Its EBITDA for fiscal years 2024 and 2025 is forecasted to be Rs 1-1.1 lakh crore, while investments of approximately Rs 47,500 crore will be made. Additionally, ONGC has committed to net-zero for scope 1 and 2 emissions by 2038.

Brightcom Group's shares have surged by 102% in a month, despite concerns over the ad-tech and digital advertising company's accounting practices after a Sebi show-cause notice. In April, the shares hit a year-low after allegations of fraud in its year-end financial statements, which SEBI found camouflaged accounting entries in excess of Rs 1,280 crore between FY19 and FY20. A recent dramatic turnaround has brushed aside investor concerns, however, with the majority public shareholders seeing shares locked at the upper circuit last week at Rs 20.55.

Paras Defence shares rose 9% after announcing a joint venture with CONTROP Precision Technologies for manufacturing Electro Optic/Infra Red systems. The Indian firm will have a 30% stake in the joint venture while the other 70% will be with Israel-based Controp. The venture agreement means Paras will be able to appoint one director and mutual agreement will be required for equity shares and other securities. Significantly, Paras Defence announced a Memorandum of Understanding with the Society of Applied Microwave Electronics Engineering Research recently and the firm remains volatile.

Warren Buffett is undoubtedly one of the best stock pickers in the world. Many investors look up to him when it comes to investment strategies. Let's take a look at the top 5 Indian stocks that fit the bill. Watch!

Positive global cues and better-than-expected GDP data led to a rise in domestic equities on Friday. A total of 169 stocks hit fresh 52-week highs and gave considerable returns across largecaps, midcaps and smallcaps. Among the largecaps, 19 stocks including Power Finance Corporation, DLF, Tata Motors and Britannia hit their 52-week highs. Newly listed Mankind Pharma also touched its 52-week high. A brokerage firm is positive about the auto sector, specifically suggesting Bajaj Auto for 2Ws and M&M and MSIL for PVs. Aditya Birla Capital’s shares hit a 52-week high after the board approved preferential issuance of Rs 1,250 crore to its promoter and promoter group entity.

European shares rose on Friday, as investors were boosted by the passing of the US debt ceiling bill and hints that the Federal Reserve may pause its interest rate hiking cycle later this month. The STOXX 600 index was up 0.7%, with real estate and mining stocks performing the best. The US Senate on Thursday passed the bipartisan legislation to lift the debt ceiling, preventing a first-ever default. Moreover, job growth in May was expected to prove slower than earlier, with wages declining, which could lead the central bank to skip an interest rate hike this month.

Four largecap stocks can see an uptick in their share price, suggests technical indicator MACD. But first, let’s first understand MACD and other metrics of importance here. (Source: StockEdge)

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. Herein the StockEdge data takes into consideration the time period of 14 days to compute RSI.

Shares of Hero MotoCorp, India's largest two-wheeler maker, reached an eight-month high due to strong sales in May. The company's total sales rose by nearly 7% YoY in May with over 1 million shares traded, way higher than the six-month average trading volume of more than 400,000 shares. However, despite positive sales, Hero MotoCorp's stocks are the least preferred in the market. While its peers Bajaj Auto and TVS Motors have gained over 20% each so far in 2021, Hero MotoCorp rose by just 5%.

Decline in oil prices from their highs, increased economic activity are tailwinds. However, will the step taken by RBI to control inflation show an impact on overall economic growth this quarter and that is what may turn out to be a headwind for the short term. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Experts including Chris Wood, Mark Mobius, Shankar Sharma, and Sandip Sabharwal predict that BSE Sensex could hit 100,000 within the next 4-5 years, taking into account the strong economic growth of India. Wood said that the 30-stock index reaching the 100,000 mark in 5 years was reasonable, and Mobius believes that the good companies in India will likely grow at double the country's rate. While Sharma was "absolutely certain" that Sensex would reach the 1 lakh mark. Sabharwal noted that even a conservative prediction for the GDP growth rate at 7% over the next 5 years could lead to a strong possibility of Sensex hitting 100,000.

Decline in oil prices from their highs, increased economic activity are tailwinds. However, will the step taken by RBI to control inflation show an impact on overall economic growth this quarter and that is what may turn out to be a headwind for the short term. The list of the logistic companies is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Shares of Infosys, IndusInd Bank, Mahindra CIE Automotive, Havells India, JSW Energy, Page Industries and Steelcast will trade ex-dividend on June 4th. Infosys has proposed a final dividend of INR17.50 per equity share and IndusInd Bank has recommended a final dividend of INR14 per equity share for FY23. Steelcast has announced a special dividend of INR3.15 per equity share and Page Industries announced an interim dividend of INR60 per equity share. When a company trades ex-dividend, its stock does not carry the value of the next dividend payment.

India's benchmark Nifty50 is expected to surpass its lifetime high of 18,887.60 it hit last December. Midcap stocks are also likely to see stronger momentum, benefiting investors. The Nifty midcap index saw a faster pace of retracement, approaching its all-time high. The recent consolidation has been aided by market breadth, with 60% of the stocks of the Nifty500 universe trading above 200-day SMA compared to April's reading of 48%. The ever-present foreign institutional investment is also a key supporting factor. Recommended midcap stocks to invest in include Brigade Enterprises, Laurus Labs and PNC Infra.

Zomato shares rose over 7% after news of an investor meeting and Jefferies’ Christopher Wood including Zomato in his India long-only portfolio. The company trimmed losses in the January-March quarter and increased revenue by 70% YoY, with consolidated revenue of INR 2,056 crore. Following these results, Emkay and Goldman Sachs both issued "Buy" ratings on the stock. ONDC’s revision of incentives and discounts in the food industry has also given a boost. Despite underperforming the Nifty50 over the last year, Zomato shares have risen over 18% for YTD and are near their IPO issue price.

When will Sensex hit the 1,00,000-mark? Top voices share their thoughts on the possibility. Here's what Chris Wood, Nilesh Shah, Shankar Sharma and Mark Mobius have to say. Listen-in!!!

Coal India's stock fell for the fourth straight session as the OFS opened for retail investors under the green-shoe option, with cuts at Rs 230, down 0.26%. The OFS for up to 3% stake in Coal India was oversubscribed by the non-retail category by a massive 346% on Thursday and expected to raise Rs 4,200 crore for the government. However, Santosh Meena, Head of Research at Swastika Investmart, recommended investors to consider participating in this OFS as the downside risk is limited at around Rs 225 level and the floor price for the offer has been fixed at Rs 225, a 6.7% discount to Wednesday's closing price of Rs 241.20.

After the reopening of China, metal prices were expected to inch upward, however the slide continues. Is it because of fears of US recession or over optimism of the covid era is getting adjusted to normal. 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.

BSE mid and smallcap indices surged over 5% year-to-date amid strong Q4 earnings and persistent buying by FIIs. Amid this backdrop, domestic brokerage Motilal Oswal is bullish on financial, auto, and leisure & hospitality stocks. Motilal's top picks include Ashok Leyland, Indian Hotels, Jubilant FoodWorks and Poonawalla Fincorp.Here is a list of 10 top preferred mid & smallcap stocks from Motilal Oswal:

Aditya Birla Capital shares rose 3% to reach a 52-week high of INR176.5 on BSE after the company announced it will raise INR1,250 crore ($167m) through a preferential issue of shares to its promoter and promoter group firms. The funds raised would be deployed towards augmenting the capital base, improving the solvency margin and leverage ratio, fulfilling growth and funding requirements as well as for making investments in one or more subsidiaries/associates/joint ventures of the company. The company plans to seek shareholder approval for the preferential issue in an extraordinary general meeting on 24 June.

Shares of Infosys and IndusInd Bank went ex-dividend on Friday. Infosys declared a final dividend of Rs 17.50 per equity share for the FY ended March 31, to be paid on July 3. IndusInd Bank has fixed June 2 as the record date for its recommended dividend of Rs 14 per equity share. In the past 12 months, Infosys declared a dividend of Rs 16.50 per share, resulting in a dividend yield of 1.25%. IndusInd Bank's net profit for the March quarter rose by 50% YoY to Rs 2,040 crore, and net interest income rose by 17% to Rs 4,669 crore.

Top brokerage firms have given their recommendations on Grasim Industries, Bajaj Finance, MCX, and Hindustan Zinc. Morgan Stanley has given an overweight rating to Grasim Industries, achieving a target price of Rs 1910. Jefferies has recommended a buy rating for Bajaj Finance with a target price of Rs 8310, while Morgan Stanley has retained its underweight rating on MCX with a target price of Rs 1125. Motilal Oswal has kept a neutral rating on Hindustan Zinc with a target price of Rs 300.

Infosys and IndusInd Bank's shares traded ex-dividend on Friday after the companies recommended a final dividend of Rs 17.50 and Rs 14 per equity share, respectively. The record date for both companies is June 2. The final dividend for Infosys will be paid on July 3 while IndusInd bank awaits shareholders' approval at the annual general meeting. Infosys' equity dividend in the past 12 months was Rs 16.50 per share, resulting in a dividend yield of 1.25%. IndusInd Bank profit increased by 50% to Rs 2,040 crore for the March quarter.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 3 NSE stocks that have established a bullish engulfing pattern and hint at bullish reversal in the future. (Source: StockEdge)

Indian stock markets opened higher following positive cues from global markets and strong domestic macroeconomic data, with the BSE Sensex trading 0.42% higher and Nifty50 up by 0.43%. Among Sensex stocks, Reliance, Kotak Bank, Tech Mahindra, Tata Steel, and UltraTech Cement opened with gains. On the domestic front, easing inflation, strong economic growth data, and the expanding factory output have boosted investors' confidence. The Nifty Metal sector surged by 1.31%, while the Nifty Auto rose 0.72%. Brent crude futures rose by 0.18% to $74.41 a barrel, and US West Texas Intermediate crude rose by 0.21% to $70.25 a barrel.

Indian shares rose on Friday as strong monthly sales boosted auto stocks, while investor appetite for risky assets improved on bets that the U.S. Federal Reserve could pause its interest rates hikes. The blue-chip Nifty 50 index was up 0.43% at 18,566.9 as of 9:20 a.m. IST, while the benchmark S&P BSE Sensex advanced 0.41% to 62,684.71. Two-wheeler maker Hero MotoCorp was the top gainer on the Nifty 50 so far, rising 3.7% after it reported strong domestic sales in May.

The Futures Long Position Scan performed today revealed Aggressive New Long positions on the counters of 4 Nifty50 stocks. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the prices of the stocks have increased. Here below are 4 Nifty 50 counters indicate a bullish trend. (Source: StockEdge)

Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high.

Shares of Infosys and IndusInd Bank went ex-dividend on Friday. Infosys declared a final dividend of Rs 17.50 per equity share for the FY ended March 31, to be paid on July 3. IndusInd Bank has fixed June 2 as the record date for its recommended dividend of Rs 14 per equity share. In the past 12 months, Infosys declared a dividend of Rs 16.50 per share, resulting in a dividend yield of 1.25%. IndusInd Bank's net profit for the March quarter rose by 50% YoY to Rs 2,040 crore, and net interest income rose by 17% to Rs 4,669 crore.

5 stocks closed above their 200 DMA (Daily Moving Averages) on June 1, 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. Take a look:

In the NSE list of stocks, 4 stocks with a market cap of over Rs 10,000 crore are witnessing Golden Crossovers, according to StockEdge’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 1.

SoftBank Group Corp saw its shares rise by 5% in early trade due to the frenzy for semiconductor and artificial intelligence-related stocks. The Japanese conglomerate has been hit by the slumping value of its tech portfolio, but it has seen shares gain 17% since the close of last week. This is compared to a 172% increase for U.S. chipmaker Nvidia Corp and 39% for the Philadelphia SE Semiconductor Index. Analysts believe the anticipated IPO of chip designer Arm will help the rally.

The headline index Nifty is at a crucial level where its performance will be watch very closely. On Thursday, the Nifty ended the day in the negative and tested the breakout level of 18,500.

The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 18,621.50, up 58 points or 0.31% from the previous close. Here's a slew of stocks that will be in focus today for various reasons. Watch.

In the NSE list of stocks, with a market cap of Rs 10,000 crore and above, 4 stocks crossed their previous 5-year high value at the close on June 1, suggesting bullishness in counters, according to StockEdge’s price scan data. Take a look.

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 Communications and Aurobindo Pharma while Nooresh Merani has a buy/sell recommendation on Bharat Forge and M&M Finance for today's trading session. Check out the targets and stoploss.

The stock price of this company has started rising after consolidating for four months. It has now given a down-sloping trendline-breakout, which can also be considered as a rounding-bottom breakout. The breakout was preceded by a higher low and supported by a rise in volume, which increases the reliability of the breakout.

Wealth managers believe the Nifty Next 50 represents the next rung of liquid securities after the Nifty 50 and recommend an allocation to this index for equity investors. The Nifty Next 50 trades at a one-year forward price-earnings ratio of 28, compared with its five-year average of 28.93, making valuations reasonable.

Indian equity benchmarks closed lower due to profit booking and a slump in the global markets. The auto and IT sectors gained slightly but banking, financials, and metal stocks fell. South Indian Bank rose by 9.57%, HUL gained 0.88% and Sobha rose nearly 7%. Kotak Securities' VP of Technical Research, Amol Athawale, suggests buying South Indian Bank above Rs 18 as the stock has formed a promising price volume breakout formation. Athawale also recommends buying HUL on dips and buying Sobha as the stock is comfortably trading above the 20-day SMA.

The Nasdaq and S&P 500 have surged to nine-month highs following signs of slowing wage pressure in the US, which raised hopes of an interest rate pause, as well as Congress suspending the US debt ceiling. The Federal Reserve still faces a tight labour market, however, which could mean rates remain elevated. Many reports are pointing to signs of the Fed being able to engineer a soft economic landing. The Labor Department’s closely watched unemployment report for May is due on Friday, and the data therein will ultimately determine whether there will indeed be aggressive rate hikes by the Fed.

Asian stocks rallied on Friday as hopes of the Federal Reserve postponing interest rate hikes in its upcoming meeting and progress on the US debt ceiling bill ignited the investor's interest in risky assets. The US Senate is likely to approve the debt-ceiling raising bill soon, which helped the progress of stocks. Traders have reduced their bets on the Federal Reserve's interest rate hike in the coming weeks, leading to a 20% chance compared to 50% last week. Investors are now focusing on the highly anticipated May unemployment report, which may influence the rate hike decision of the Federal Reserve.

Gold prices are heading for their biggest weekly gain in almost two months due to the US Federal Reserve's pause in the tightening of its policies, which has supported bullion's appeal. The precious metal has gained around 1.5% this week, with a potential to increase up to its biggest rise since the week ended on April 7th. Markets are now suggesting that there is a 79.6% probability that interest rates will remain unchanged in June, which is motivating investors to invest in gold.