Sectorally, buying was seen in telecom, consumer durables, realty, and healthcare stocks, while some selling was seen in energy, metal, oil & gas, and utilities.

Indian benchmark equity indices, the Sensex and Nifty, ended in the red on Wednesday due to weak global markets, with banks and financials being the biggest decliners. Despite experiencing a robust recovery recently, the negative signals from global peers such as weak factory activity data from China and concerns over a recession and potential interest rate hikes in western markets are impacting the domestic market. Moreover, profit booking was prevalent in bank and financial services stocks after four days of consecutive rallies. MSCI's rebalancing also affected the market, with Adani Transmission and Adani Total Gas seeing a decline.

Do you know which company in the retail sector is India's most valued company? Let's take a look at the top 10 most valued retail companies in India.

Comrade Appliances and Sahana System have opened their initial public offerings (IPOs) for subscription today, while Infollion Research Services' IPO is closing today. Comrade Appliances' IPO was subscribed 21% on day one, with the retail category doing well with a 45% subscription, while Sahana System's IPO was subscribed 22% on day one. The net proceeds from both IPOs will be used for working capital requirements and general corporate purposes. Infollion Research's IPO was subscribed by 182% so far, and the company plans to raise up to INR 21.45 crore ($3.06 million) at the upper end of the price band at Rs 80-82 per equity share.

ETMarkets is hosting a day-long webinar on June 3 with leading women traders to help traders navigate the market charts and develop effective risk management techniques. The event features sessions on the identification of multibaggers, momentum-based trading, basics of technical analysis, risk management, and different trading strategies. The webinar aims to help participants build a solid foundation in technical analysis, identify market trends, optimize entry and exit points, and make well-informed decisions. Nothing complex but effective.

Closing Bell: Sensex snaps 4-day streak, ends 347 pts lower; Nifty below 18,550; Suzlon Energy rallies 10%, ONGC drops 5%.

What is the difference between diversified funds & sector funds? What are the pros and cons? Let's take a look at the two in detail. Watch!

The main regional stock markets were set for monthly losses, with London's FTSE 100 and Paris' CAC 40 among the worst hit. Both the indexes were also trading at a two-month low on Wednesday.

​Fitch affirmed the ratings on the $660 million senior secured term loan facility due 2026, issued by Oyo's fully owned subsidiary, Oravel Stays Singapore, at 'B-'. The outlook revision is on the optimism that Oyo is on track to generate positive EBITDA and cash flow from operations sustainably, driven by a greater reduction in operating costs despite weaker-than-expected growth in gross booking values (GBV) in FY23.

Indian stock market indices, S&P BSE Sensex and Nifty50, fell by over 500 and 150 points, respectively, amid profit booking across sectors with bank and financial services stocks being the worst hit. Lacklustre action in the global market, weak factory activity data from China, profit booking, technical factors, and MSCI rebalancing were among the factors driving the stock market lower.

BCL Industries, part of the Mittal Group that makes edible oils and manufactures ethanol, has approved a share split ratio of 1:10, subject to shareholder and other required approvals. This move is primarily aimed at increasing stock liquidity in the market. As per the company filing, shareholders holding the shares until the record date will receive the new shares in demat accounts, and the stock price will be adjusted accordingly. Additionally, the board has also proposed an equity dividend of INR 5 per share of face value of INR 10 for the previous financial year, to be approved at AGM.

Macrotech Developers, formerly Lodha Developers, gained 2.57% to Rs 539 apiece on NSE after turning ex-bonus. The developer had announced a bonus issue of equity shares to investors at a ratio of 1:1; May 31 was set as the record date for eligibility determination. An increase in liquidity and a decrease in stock prices are the primary objectives for companies offering bonus shares, as well as to make shares affordable for investors. Macrotech achieved its highest-ever annual pre-sales of Rs 12,064 cr for FY23, higher by 34% YoY and exceeding guidance. It plans 20% CAGR in pre-sales going forward.

Bajaj Finserv's stock has fallen over 20% from its September highs, but a recent breakout from a rounding bottom pattern suggests more upside. The stock could potentially reach its 200-day moving average at Rs 1,512, and a close above that could take the stock to Rs 1,770-1,920 in the next three months, according to experts. The stock is currently trading above most crucial short-term moving averages but is near overbought levels and may show a pullback soon. The ADX is above the 20 point mark, indicating a strong trend and potential support at the 20 and 60 SMA levels.

Investors are often hesitant and fearful of investing when the market nears new all-time highs, despite being opportunistic during market downturns. This behavior could be attributed to denial and fear caused by past losses and cognitive biases. Overcoming these biases requires analyzing the present market situation objectively and seeking professional advice from experienced portfolio managers. Knowledge and education play a significant role in reducing investor fear and denial. While uncertainties may persist, India's growth trajectory offers a solid foundation for long-term success in high-flying markets.

Morgan Stanley's Research had taken these 10 big changes namely, supply-side policy reforms, formalisation of the economy, Real Estate (Regulation and Development) Act, digitalizing social transfers, Insolvency and Bankruptcy Code, flexible inflation targeting, focus on FDI, India's 401(k) moment, government support for corporate profits and MNC sentiment at multiyear high, while filing the report.

MACD or moving average convergence divergence in stock market parlance is a trend suggestive of a momentum indicator. The metric shows the relationship between two moving averages of prices. (StockEdge) For calculating MACD, 26-day EMA is subtracted from 12-day EMA.

Himadri Specialty Chemical has acquired a 12.8% stake in Sicona Battery Technologies for AUD 10.3m (INR 57 crore), enabling Himadri to enhance energy density of batteries with Sicona's high capacity silicon anode technology for lithium-ion batteries. Himadri will be able to cater to nearly 250 GWH (giga watt hours) of cell manufacturing in India by 2030, with Sicona's technology delivering 50-100% higher capacity than conventional graphite anode. The move will also help Himadri secure orders from battery manufacturers in India, which is likely to have about 250-300 GWH of battery manufacturing capacity by 2030.

Shares of Adani Transmission and Adani Total Gas fell ahead of their exit from MSCI Global Standard index, which will result in outflows of $189m and $167m, respectively. The exit of Indus Towers is also expected to result in outflows of $84m. Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings will be entering the index, with Zomato's weight increasing, likely triggering inflows of $63m and adding 77 million shares.

MACD or moving average convergence divergence in stock market parlance is a trend suggestive of a momentum indicator. The metric shows the relationship between two moving averages of prices. (StockEdge) For calculating MACD, 26-day EMA is subtracted from 12-day EMA.

What is happening in the MFI space? The easier regulatory norms have given a new flip to the demand in the microfinance industry and that is evident from the stock performances. Let us get in more details on how the valuations stacking up and what's aiding this rally.

Suzlon Energy's shares rose by almost 11% to Rs 11.8 on Wednesday, following the company's net profit of Rs 320 crore for Q4 ended March. It recorded a consolidated net loss of Rs 205.52 crore during the same period in 2022. Besides, the company announced its consolidated net profit for FY23 stood at Rs 2,852 crore compared to a net loss of Rs 258 crore for FY22. Suzlon CEO, JP Chalasani, claimed the company reduced its net debt by over 90% in the last three years, and reduced operating expenses, while net worth has surged.

Mahindra & Mahindra (M&M) stock has outperformed both Nifty50 and Nifty Auto indices and recent momentum indicators suggest it's in an overbought zone. M&M stock could still see a 15-20% uptick aided by a supportive chart structure and good fundamentals, although trends indicate it might be time to book profits. The market also suggests that M&M stock is trading in an overbought zone. The company reported a YoY growth of 22% in net standalone profit at Rs 1,549 crore for the March quarter.

As the nifty continues to move upward, small caps are joining the party. Even on days when select stocks are bringing nifty under pressure, breadth of small cap seems to be holding out. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from small cap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting parameters like net margins and return on equity.

After two weeks of straight up move, bulls are taking rest, nifty witnessed a small phase of volatility but the bias of that volatility was still bullish, clearly indicating that the equation is still in favor of bulls. These stocks have seen their score improvement and have moved out of negative territory over the last one month. Besides others, there is an Adani group stock which moved out of the negative score zone. 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.

Shares of Sona BLW Precision Forgings (Sona Comstar) fell over 5% to Rs 505.2 in Wednesday's trade amid reports of a large block deal executed on the counter. The promoter Aureus Investment was likely to sell a 3.25% stake in Sona BLW Precision Forgings via a block deal. In Q4FY23, the company reported a strong revenue of Rs 744 crore with 35% YoY growth, while the revenue share from Battery Electric Vehicles (BEV) stood at 28%, a growth of 37% YoY.

Two things which impact the demand for capital goods. First is the spending, both by the government and private sector. Second is the focus of the government policies. As far as the first is concerned, government focus money has been going into infrastructure space and hence anything to do with roads and bridges have been doing extremely well. On the policy side, the focus of government policies increasingly turning favorable toward the manufacturing sector, select capital goods and engineering companies which cater to sectors like EV and textiles are making a comeback on the analysts list.

Mazagon Dock Shipbuilders, the Indian defence PSU firm, witnessed a 5% rise in shares after its Q4FY23 net profit more than doubled to INR326 crore from INR159 crore in the previous year's corresponding quarter. The company's Q4FY23 revenue from operations surged by 49% YoY to INR2,078.6 crore, and its earnings before interest, tax, depreciation and amortisation nearly tripled to INR211 crore YoY. The board of directors recommended an extra dividend of INR6.86 per equity share, in addition to an interim dividend of INR9.10 per equity share paid for the year.

Torrent Pharmaceuticals' shares surged 8% after the company reported a profit of INR 287 crore ($38.4m) during Q4 FY22, compared to a net loss of INR 118 crore in the same period a year ago. The drug maker's revenue rose to INR 2,491 crore during the fourth quarter, up from INR 2,131 crore in the year-ago period. While Motilal Oswal has taken a "neutral" view on the counter, Nuvama and Prabhudas Lilladher have a "buy" rating on the stock, while Kotak Institutional Equities recommend a "reduce".

The initial public offering (IPO) continues to see new offerings from diverse sectors, as 4 SME IPOs are opened for subscription.A small and medium enterprises (SME) IPO is a fundraising procedure that allows a small or medium-sized business to go public like other, larger firms and also gives smaller businesses a platform to be listed on indices. Here's a list of 4 SME IPOs that opened for subscription, according to PRIME Database data:

Indian mining company Vedanta Resources, which is rated junk by credit agencies, faces a record annual bill of $2bn due in 2024 and another $500m bond payment on 31 May. While the May bond is trading close to par, pricing data on other bonds suggest concerns over repayment. Vedanta's reliance on dividend payments from profitable subsidiaries has caused cash reserves to dwindle to the lowest level in at least a year, while a drop in prices for its metals could also impact profitability. Vedanta has borrowed $250m to refinance debt and signed a five-year loan for around $850m with JPMorgan and Oaktree.

Adani Ports and Special Economic Zone's Q4FY23 earnings beat estimates, leading to buy ratings from top brokerages. The company clocked a 5% YoY rise in net profit to INR 1,159 crore for Q4FY23, and a 9% YoY growth in net profit to INR 5,310 crore for FY23. Consolidated revenue for the reporting quarter grew 40% YoY to INR 5,797 crore. Despite this, the stock traded nearly 2% lower at INR 722.60 in early trade on Wednesday. Kotak Institutional Equities and Nuvama recommend buy ratings on the company's shares with target prices of INR 835 and INR 956, respectively.

Top brokerage firms have shared their recommendations on some Indian companies. BofA Securities maintained a buy rating on SBI with a target price of Rs 1030, while Jefferies downgraded JK Cement to hold with a target price of Rs 3260. JPMorgan remained overweight on Coal India with a target price of Rs 290. CLSA maintained a buy rating on Tata Motors with a target price of Rs 624 and Citi maintained a buy rating on Policybazaar with a target price of Rs 820.

In the NSE list of stocks with market cap of over Rs 10,000 crore, 4 stocks crossed their previous 5-year high value at the close on May 30, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

India's Securities and Exchange Board (SEBI) has published a consultation paper seeking responses from the public on proposed guidelines on additional public disclosures by foreign portfolio investors with INR250bn ($3.7bn) of assets under management in equity. SEBI estimates that high-risk FPI assets under management of around INR2.6tn ($38.3bn), about 6% of total FPI equity AUM and less than 1% of India's total equity market capitalisation, may be affected by the proposed regulations.

Among Sensex stocks, SBI, Reliance, Tata Steel, IndusInd Bank, HDFC, ITC, and NTPC opened with cuts, while Tata Motors, HCL Tech, Asian Paints, Sun Pharma, Bharti Airtel, and Tech Mahindra opened higher.

Sensex falls over 150 points, Nifty below 18,600; Adani Total drops 4%, SBI 2%; HDFC Life Insurance, PNB, Ujjivan Small Finance Bank are some of the gainers in morning trade.

In the Nifty500 pack, 6 stocks closed above their 200 DMA (Daily Moving Averages) on May 30, according to StockEdge’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 in the short term. Take a look:

Four consistent performers in the Indian stock market have been identified through a screener search, each having delivered over 25% annual return over the last four financial years. Among the firms is Mumbai-based water and environment management specialist Ion Exchange, whose shares have risen by 892% over the four years, while Gujarat Themis Biosyn has surged by 1,904%. Also featured are Timken India, which rose 386% in the four years, and JB Chemicals and Pharmaceuticals, whose shares have risen by over five times.

"GAIL is a dominant domestic gas utility company. We have a buy rating on GAIL with a 12-month target of Rs. 128. Valuation of 6.3x/5.9x FY24E/FY25E EV/EBITDA is reasonable given a steep discount of 30% compared to the historical averages," Abhijeet Bora, Deputy VP - Analyst, Sharekhan by BNP Paribas, said.

India's largest lender, State Bank of India (SBI), is set to trade "ex-dividend" on Wednesday after declaring a dividend of INR11.30 ($0.15) per equity share. Record date falls on May 31 to determine shareholders' eligibility, with payment fixed for June 14. SBI reported Q4 83% YoY growth in standalone net profit to INR16,695cr ($2.27bn). Net interest income rose 29% ($5.3bn), ahead of analyst estimates. Most retained an upbeat outlook following the results. The lender continued with provisions for loan losses and met capital ratios, while advances grew slightly ahead of the system.

Nifty futures on the Singapore Exchange traded 44 points, or 0.23 per cent, lower at 18,686, signaling that Dalal Street was headed for negative start on Wednesday. Here are some stocks which are expected to see some action in trade today.

The Indian market is expected to consolidate on Wednesday. Sensex increased, while Nifty50 closed above 18600 levels on Tuesday. India VIX was down over 2%, which gave comfort to the bulls to buy at any small declines. The options data suggests a trading range between 18400 to 18800 zones while having an immediate trading range in between 18500 to 18750 zones. Traders with a short-term horizon may consider buying Mahindra Holiday Resort, Marico, Hero MotoCorp, Aditya Birla Capital and IndusInd Bank, according to various experts.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Vaishali Parekh has a buy/sell recommendation on Indus Towers and Aditya Birla Fashion while Nooresh Merani has a buy/sell recommendation on Hero Moto and Indusind Bank for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks, 6 stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to StockEdge.com'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 May 30.

The markets on Tuesday opened flat, but hit the high point early. Later, they gave up much of the gains, with the Nifty ending the day with a rise of almost one-fifth of a percent. Comparatively, the Bank Nifty has marked its lifetime high.

In the Nifty500 pack, 6 stocks closed above their 200 DMA (Daily Moving Averages) on May 30, according to StockEdge’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 in the short term. Take a look:

The stock price of this company had recently given a horizontal-trendline breakout sustaining above the trendline, thereby validating that the resistance has now turned into a support. Before this breakout, the price had tested the resistance repeatedly and formed a higher low, which eventually led to the breakout. The latest candle has seen a surge in volume, which is expected to act as a trigger to propel prices higher.

U.S. stocks closed mixed on Tuesday. The S&P 500 and the Nasdaq Composite have recorded monthly gains in May, while the Dow Jones Industrial Average closed lower. Nvidia's surge briefly propelled the company into the elite club of firms valued at $1tn but fell shy of it at $991bn. The debt-ceiling deal between President Joe Biden and Republican House of Representatives Speaker Kevin McCarthy is likely to pass but has received opposition from some right-wing Republicans. Higher interest rates, a resilient economy, and inflation remain concerns for investors.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can convert into uptrend from a downward zone in the future. So, here are 2 major stocks with m-cap between Rs 1000 cr to Rs 10,000 crore that have established an Inverted Hammer pattern and hint at a bullish reversal in the future. (Source: StockEdge)

Benchmark indices, S&P BSE Sensex and Nifty50, rose on Tuesday, supported by foreign institutional investor inflows and firm Asian markets. The financial services, services, teck, capital goods, bankex, IT and industrials sectors rallied, while commodities, energy, telecommunication, auto and consumer durables pulled back. Hikal gained 8.5%, while M&M rose 4.08%, though shares in ONGC fell nearly 5%. Technical analyst Viral Chheda recommends investors should buy Hikal at the current price, buy JSW Energy above INR270 ($3.63), and buy RVNL above INR123 when considering limited downside risk and upward potential of 6-8 months.