A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are NSE stocks (with m-cap over Rs 1,000 cr to Rs 10,000 cr.) that have established a Hanging Man pattern and signal a bearish reversal. (Source: StockEdge)

Asian stock markets are on course for a second consecutive month of losses, reflecting doubts about the post-pandemic recovery in China in particular, following weaker-than-expected factory activity in the world’s second largest economy. The MSCI’s Asia-Pacific index (outside Japan) was down 1% in early trading on 26 May, having fallen by 2.4% during the month as hopes for a stronger bounce-back in China have receded. Other factors mentioned include the likely inability of some advanced economy central banks to combat strong inflation, due to the uptick of China’s post-pandemic rebound.

The Futures Short Position Scan conducted on Tuesday revealed Aggressive New Short positions on 5 counters. This is a bearish indicator, as it signifies that the futures OI has increased while price has decreased. (Source: StockEdge)

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.

Inflation is already moderating and the external account is sound, the Reserve Bank of India (RBI) said, but the El Nino and its adverse impact on rainfall remain potential threats to macroeconomic stability and food prices. Furthermore, moderating global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility, evident in the implosion of many regional US banks, pose downside risks.

Patanjali Foods has recorded 13% growth in its standalone net profit at Rs 264 crore for the three months ended March period. Revenue from operations during the quarter under review rose 18% to Rs 7,873 crore.

Option data suggests a broader trading range in between 18400 to 18800 zones while an immediate trading range in between 18500 to 18750 zones.

Vedanta and Hon Hai, the assembler of a bulk of the world’s iPhones, have no previous significant experience in chipmaking. Their difficulty in finding production-ready technology underscores how hard it is to set up new semiconductor plants, massive complexes that cost billions to build and require very specialized expertise to run.

The RBI is working to establish necessary recognition and resolution measures and is working on the proposed securitisation of stressed assets framework, which will play a crucial role in effectively dealing with rising non-performing assets (NPAs).

A Wadia group company with a stake in Indian biscuit maker Britannia Industries may become a point of contention for GoFirst's bankers. The bankers want loans obtained by the Indian carrier from Deutsche Bank to be collaterised in a common security pool. The consortium of public-sector banks funding GoFirst believes that collateral provided by Mauritius-based Leila Lands Limited for the loans obtained from Deutsche Bank is disproportionately higher compared to what was transferred for their loans, sources told The Economic Times.

Contrary to expectations of a massive surplus transfer to the government, the central bank raised its Contingent Risk Buffer (CRB) by 50 basis points to 6%, when the Economic Capital Framework adopted in 2019 prescribed the 5.5% to 6.5% range.

In a similar move, ICICI Bank this week approved a proposal to increase its shareholding in ICICI Lombard General Insurance, aiming to establish the company as a subsidiary of India's second-biggest lender by market capitalisation.

"The scale of the opportunity is something that is very exciting ... but there is a lack of talent and it is one of the challenges," said Sumant Sinha, chairman and chief executive of ReNew. In the next seven years, India will have to add 60 GW of renewable energy capacity every year to meet its aspirations across power and green hydrogen, and trained manpower is needed for this, he added.

Interim resolution professional (IRP) of Go First stated that seeking directions to take possession of the aircraft from the Delhi High Court would be "contrary to law". Taking possession of the aircraft would stop the airline's operations and lead to significant losses.

The Sebi chief said mutual funds are an important vehicle to encourage investors to participate in the markets. Buch expressed confidence in the industry's potential and said its asset size could grow from the current ₹40 lakh crore to ₹100 lakh crore.

The RBI's Payments Vision Document 2025 has already outlined expanding the global outreach of UPI and RuPay cards as one of the key objectives under the internationalisation pillar.

Nippon Life India Asset Management stocks saw a breakout from a narrow range, which could indicate that bulls are not ready to give up yet. The stock is trading above crucial short-term moving averages such as 5,10,30,50, and 100-DMA but below the 200-DMA on the daily charts.

At 12:22 p.m. ET, the Dow Jones Industrial Average was down 117.43 points, or 0.35%, at 32,975.91, the S&P 500 was up 3.47 points, or 0.08%, at 4,208.92 and the Nasdaq Composite was up 68.09 points, or 0.52%, at 13,043.78.

Jagran Prakashan, the publisher of Dainik Jagran, reported a fall in consolidated net profit to INR 23.27 crore in the fourth quarter ended March 2023. This is a 55.86% decrease from the year-ago period. Revenue from operations was INR 459.38 crore, up 8.19% from the year-ago period, while total expenses rose 28.85% to INR 486.92 crore. For the fiscal year ended March 2023, the company's net profit was down 9.26% at INR 196.78 crore, while its revenue from operations rose 14.86% to INR 1,856.17 crore.

The mutual fund (MF) industry in India risks disruption by individual misconduct, according to Securities and Exchange Board of India chairperson Madhabi Puri Buch. Speaking at an event, she urged the Association of Mutual Funds in India to create an ethical committee to tackle such problems, ideally on a self-regulatory basis. Buch added that she believed the sector could expand from INR40tn ($535.25bn) to INR100tn, but that the industry also needed to invest in technology and systems.

The Securities and Exchange Board of India (SEBI) has issued comprehensive guidelines for Investor Protection Fund (IPF) and Investor Services Fund maintained by stock exchanges and depositories. The guidelines cover the constitution and management of the IPF, contribution to IPF by exchanges as well as depositories, and utilization of IPF. In addition, SEBI has issued a Standard Operating Procedure (SOP) indicating the process and timelines for the declaration of default of a trading member, processing of investor claims out of IPF, and review of claims. The new guidelines will be effective from 29 June.

UK-based Abrdn is set to sell its 1.66% stake in HDFC Life via a block deal, which will take place on Wednesday. The stake is being sold at a price of INR563-585 ($7.62-$7.92) per share. During Q1 2021, HDFC Life Insurance posted a net profit of INR359 crore. Its net premium income for Q1 stood at INR19,426 crore, compared to INR14,290 crore year on year. Public shareholders have a 49.66% overall stake in the company, while mutual funds own around 4.09% and foreign investors have nearly 30%.

Amid mixed global cues, Indian indices continued to gain for the fourth straight session. Nifty ended above 18,600, up just 0.2%. Meanwhile, Nifty Bank also marked a new 52-week high. Amid this market momentum, as commodity prices are cooling off in general, 5 stocks from the S&P BSE Commodities pack scaled their new 52-week highs today. The 52-week high is regarded as a significant technical indicator by certain traders and investors, as it helps assess a stock's current value and forecast future price trends. This metric represents the highest price at which a particular stock has traded over the preceding twelve months.

Aureus Investment Pvt Ltd plans to sell a 3.25% stake in Sona BLW Precision Forgings for INR950 crore ($115m) through a block deal, with the floor price for the sale being INR500 a share. The sale will involve up to 19 million shares, with the base size of 12 million shares, and the block will take place on 23 June. In March, private equity company Blackstone sold its remaining 20.5% stake in Sona BLW, which resulted in strong demand from foreign investors.

After a gap up opening, benchmark BSE Sensex rose 123 points while Nifty closed above the 18,600 level in their fourth straight day of gains on Tuesday helped by FII inflows and firm Asian markets. Gains in financial, banking, capital goods and industrial shares helped the key indices close in the green in a range bound trade. Meanwhile, sectorally, the session ended mixed, with FMCG notching the maximum gains, while metal pack saw the most underperformance.“Overall, the uptrend is intact and this consolidation shall provide an opportunity for initiating fresh long positions. In terms of levels, 18,705 – 18,735 shall act as the immediate hurdle zone while 18,570 – 18,500 is the crucial support zone from a short-term perspective,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities.Here are the stock recommendations for Tuesday:

SBI Card on Tuesday said it plans to raise up to Rs 3,000 crore by issuing debentures to fund business growth. The decision to consider and approve the proposal for raising funds through the issuance of non-convertible debentures (NCDs) aggregating to Rs 3,000 crore would be taken in June 5 board meeting, SBI Card said in a regulatory filing.

Tyre marker Balkrishna Industries' volume of export sales growth decelerated to 4% in FY2023 from 9.7% over the past five years, as the European and US markets weakened. An uptick in sales in Balkrishna's home market of India helped offset declining growth elsewhere. But fluctuating crop prices had a major impact on the listed company's financial results as it disrupted the farming sector and feed through to less demand for agricultural tyre sales. However, the company expects volume growth to gradually improve in the near future as channel inventories normalise, meanwhile operating margins were benefiting from reduced input costs.

At 10:12 a.m. ET, the Dow Jones Industrial Average was down 109.41 points, or 0.33%, at 32,983.93, the S&P 500 was up 5.84 points, or 0.14%, at 4,211.29, and the Nasdaq Composite was up 72.89 points, or 0.56%, at 13,048.58

The gaming and AI chip company, whose shares rose 4.2% in early trading on Tuesday, was valued at $1 trillion.

Force Motors shares hit a 52-week high of INR1,718.70 with a 20% upper circuit on 22 June after reporting a consolidated net profit of INR147 crore for the quarter ended 31 March, compared with a loss of INR42.77 crore for the same quarter last year. The auto manufacturer's revenue for the reporting quarter was INR1,490 crore, up 70% YoY. Despite selling pressure in the auto stocks, the small cap stock gained and has rallied by 25%, maintaining a four-session winning streak. Its 1-year returns stand at 62% compared to the Nifty Auto index's 22%.

Nvidia is on the verge of becoming the first US chipmaker to reach $1tn in market valuation. The company's shares rose 3.8% to leave it valued at $998bn. Nvidia's revenue forecast has increased more than 50% and, with its shares up by nearly 25% last week, other chipmakers have also seen gains. However, with a valuation well above the long-term average, there may be "significant pressure to deliver high growth".

Zerodha, India's largest brokerage firm, has implemented in-person verification as a measure to prevent online financial fraud. Also known as IPV, the verification process through a webcam confirmed the identity of the account holder by making changes to their account details. IPV is required for opening an account, transferring high-value demat accounts, and reactivating inactive accounts. Nithin Kamath, the co-founder and CEO of Zerodha, suggested extending this system across the industry to prevent financial fraud from growing.

Indian stocks closed higher with Nifty forming a bullish candle on the daily charts and giving the highest close of the last 112 sessions. Support exists at 18,550 and 18,442 zones, while immediate targets are 18,750 and 18,888 zones. India VIX was down 2.36% and option data suggested a trading range between 18,400 to 18,800 zones. Consolidation is expected, but the uptrend remains intact and provides an opportunity to initiate fresh long positions. A strong green candle tomorrow could lead to an all-time high in Nifty within the next week.

Bengaluru-based real estate company Sobha reported a whopping 242% YoY rise in its profit after tax for its March quarter earnings. But is it worthy of being in your portfolio? Let's find out

Stocks that were in focus include names like Ujjivan Small Finance Bank, which was up more than 7%, Aurobindo Pharma closed with gains of over 6% to hit a fresh 52-week high, and RIL closed flat, but witnessed a bullish MACD crossover on daily charts.

The Reserve Bank of India (RBI) is expected to keep its key interest rate unchanged at 6.50% at its June meeting and for the rest of 2023, according to a recent poll of economists by Reuters. Despite inflation falling to an 18-month low of 4.70% in April, the rate is not expected to reach the RBI's 4% target for another two years. Therefore, chances of rate cuts remain low in the immediate future, despite a predicted improvement in the outlook for inflation. Among those surveyed, over two-thirds saw the repo rate remaining the same until the end of the year.

Chennai Super Kings (CSK) has become the first team in the Indian Premier League (IPL) history to win the tournament for the fifth time. The franchise has also become one of the most popular in the unlisted market since its debut in 2017-18 - with shares starting to trade at about Rs23-28. Before the franchise's recent win the stock was trading at Rs145-150, this has increased by 15% to Rs168 since the victory.

The distinction between value and growth investing is not straightforward as it often appears. The traditional definition of value as buying stocks with a low price-to-earnings ratio or price-to-book ratio may not be accurate in understanding the market. Investors must exercise flexibility in their investment philosophy as no theme runs forever, and certain geographies, sectors, asset classes, and investment strategies work for a limited period.

William O'Neil, founder of William O'Neil & Co. and Investor's Business Daily, passed away at 90. O'Neil was known for being the youngest person to buy a seat at the New York Stock Exchange, launching a mutual fund that achieved a 115% return in 1967, and creating data collection centers, research centers, and advisory firms for global markets. He wrote several books on investing in the stock market, including ‘How To Make Money In Stocks: A Winning System In Good Times Or Bad', which has sold over 4 million copies worldwide.

Banking and financial stocks are not expected to have a smooth ride as market experts hold contrarian views on the ability of the sector to sustain growth, despite Jefferies' Global Head of Equities Christopher Wood adding Axis Bank to his India Long-only portfolio in May. Small case managers and investors suggest asset quality and margin issues for some banks while FidelFolio Investments' Founder Kislay Upadhyay predicted a high interest rate scenario would impact access to capital, curb the ability to grow and maintain capital efficiency. Meanwhile, Devendra Phadk at Purnartha Investment Advisers said credit penetration at society's lowest strata has increased considerably over the last decade, which could cause credit issues both at the retail and enterprise levels.

Monte Carlo Fashion has exceeded its target by opening 47 exclusive brand outlets, with a total of 356 as of March 2023. The company's Q1 2023 revenue from operations increased by 45.7% to Rs 236.7 crore YoY, and EBITDA rose by 43.1% to Rs 32.3 crore. The company suggested a final dividend of Rs 20 per equity share for FY2022-2023. The stock price rose by 12.7% and was trading at Rs 837.5. Promoters hold 73.17% of the company, and ace investors such as Dolly Khanna and Vikas Khemani hold stakes as well.

From the Sensex pack, ITC, Bajaj Finserv, Kotak Bank, and Bajaj Finance were the top gainers, rising 1-2%. Axis Bank, HCL Tech, Wipro, UltraTech Cement, and Maruti also closed with gains. On the flip side, Tata Steel, Tech Mahindra, Sun Pharma, Nestle, L&T, and SBI closed with losses.

Closing Bell: Sensex extends rally to 4th day, ends 123 pts higher; Nifty above 18,600; HAL gains 3%, ITC 2%.

Among single stocks, Nestle slipped 0.8% after the Swiss food group said it had hired Anna Manz, the finance chief at the London Stock Exchange Group, as its new chief financial officer. Unilever Plc dipped 0.6% after the consumer goods giant said Chief Financial Officer Graeme Pitkethly would leave by the end of May 2024.

Participatory notes issued by registered foreign portfolio investors (FPIs) to overseas investors wanting to participate in the Indian stock market have hit a seven-month high, reaching INR95,911 crore ($12.9bn) at the end of April. They are primarily being used as a tool by investors looking to benefit from India's record economic growth. In addition, FPIs invested INR11,631 crore in Indian equities in April and INR806 crore in the debt market.

Inox Wind, an Indian wind energy solutions provider, has seen its shares jump by 9.4% after a repeat order worth 150 MW from NTPC Renewable Energy. The project will take place in Gujarat and, with this order, Inox Wind has now received a total of 550 MW from NTPC. The firm will supply and install existing and new technology wind turbine generators, as well as be responsible for operation and maintenance (O&M) services for the project.

A financial advisor suggests a strategy for retirees or individuals looking for additional income to boost their wealth creation journey: invest in a liquid fund that mirrors CRISIL Liquid Debt Index and transfer capital appreciation profits every month to a Nifty 50 Index fund. This way, the initial investment remains accessible while transferred profits take on market risks for higher returns. This strategy generated returns of approximately 10% in the last 21 years for an investor and could work well for others looking to generate extra income while minimizing risks. Mutual fund houses have this feature of transferring capital appreciation between schemes.

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 ITC, India's conglomerate, have surged over 2% in intraday trade on Tuesday to Rs 449.85 per share, hitting multiple record highs in recent months. The company has proposed demerging its hotel business, which recorded a bumper revenue growth of 99% to Rs 809 crore and posted a profit of Rs 205 crore before tax, for the first time, as business recovery increased. ITC shares also trade ex-dividend on Tuesday, with the board recommending a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share, which will be paid between August 14th and 17th to eligible shareholders.

RSI or Relative Strength Index computes the ratio of the recent upward movement to the absolute price movement, Typically, the RSI ranges from 0-100 and here the time period considered for the computation of RSI is 14 days.