"Equitas SFB has been witnessing strong outperformance in the last few months. The stock had recently witnessed a 2-year breakout on the weekly charts, and it has now confirmed breakout on Heikin Ashi candles which have a higher degree of confidence," Gaurav Bissa, VP, InCred Equities, said.

The Securities and Exchange Board of India (SEBI) may negatively impact India's mutual fund sector with its proposal to review total expense ratio (TER) regulations, according to brokerage Nuvama. The sector's net profitability could fall by up to 27% from listing asset managers' 2024-25 net operating profits due to changes potentially increasing annual fees to include items such as securities transaction tax (STT) and brokerage. These changes could decrease HDFC AMC's profit margins by 27.2%, while for Nippon Life and Aditya Birla they could fall by 25.1% and 20.9%, respectively.

Jaypee Infratech has deferred the approval of its financial statements for Q4 and FY 2022-23 since accounts finalisation is not possible due to the pending National Company Law Appellate Tribunal appeals. The company has cited a justifiable extension of the statutory due date to give a correct account of the financial performance. The National Company Law Tribunal had approved the Suraksha Group's resolution plan to take over Jaypee earlier in March, with an Implementation and Monitoring Committee formed to undertake requisite steps for expedient implementation.

According to the block deal data available with the National Stock Exchange (NSE), Rajat Agrawal sold 32 lakh shares, amounting to a 4.6 per cent stake in Gravita India.The shares were disposed of at an average price of Rs 565 apiece, taking the transaction value to Rs 180.80 crore

The move comes after the recent rally in the stock price, by almost 28% since May 22. Trading restrictions are put in place to curb volatility and potential losses. Stocks are moved into the short-term or long-term additional surveillance framework by bourses to warn investors of unusual movement in share prices.

The final dividend is in addition to the interim dividend of Rs 3.50 per share declared by the Board in February. Revenue from operations surged 40% YoY to Rs 965 crore for the March quarter

During Monday's trading session, benchmark index Sensex experienced a substantial increase of 345 points, closing at a level of 62,846. Amid this market surge, 10 stocks listed on the BSE financial services recorded their new 52-week highs. The 52-week high metric is a vital technical indicator to assess the current value of a stock and predict future price trends. It signifies the highest price at which a stock has traded during the previous year.

The company's order book reached 292,000 units at the end of March 2023, equivalent to three-fourth of the PV sales volume in FY23. It expects to clock 15-20% volume growth for FY24. The company plans to ramp up production capacity to 49,000 units per month from the beginning of the next fiscal year compared with around 34,000 units at present.

Benchmark indices Sensex and Nifty rose for a third straight day on Monday in tune with positive trends in the US markets and continuous foreign fund inflows. Following the seal of debt ceiling deal in the US, averting a disastrous default, Sensex climbed 345 points to settle at 62,846.38 with 20 of its constituents ending in the green. Nifty notched levels close to 18,600. Meanwhile, in trade today, Nifty Bank scaled to record levels, nonetheless the broader markets underperformed.From the Nifty pack, top gainers were M&M, Titan Company, Tata Steel, Coal India and SBI Life Insurance, while laggards included ONGC, Power Grid, HCL Tech and Divi’s Labs.“The key support levels for the bulls are 18550 and 18500 while the crucial resistance areas are expected to be 18650-18700. Traders may consider exiting their long positions if the market falls below 18500,” said Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities.Here are the top stock recommendations for Tuesday:

Bharat Heavy Electricals Limited (BHEL) has reported an over 17% YoY growth in new orders to INR23,548 crore in FY 2022-23, compared to INR20,078 crore in the previous fiscal year. BHEL ended the year with an outstanding order book of over INR91,336 crore, with the latest order book exceeding INR1,00,000 crore due to the Vande Bharat trainset order. The company has leveraged its diversification strategy and secured orders across power, industry, and export segments. BHEL's revenue rose by 10% to INR23,365 crore, while construction tonnage surged by 100% in FY 2022-23 as compared to 2019-20.

Kotak Institutional Equities has retained its ‘buy’ rating on Life Insurance Corporation of India (LIC) stock, and has raised the target price to Rs 1,000 from Rs 975 earlier. The insurance company is on track for steady value of new business growth, with the calculated VNB margin expanding to 19.2% in Q4 from 14.6% in the nine months of FY23, despite a 7% YoY decline in APE. LIC aims to focus on higher-margin products and achieve steady VNB growth. Management expects to cede market share to the private sector on its high base, assuming 7% APE growth.

Nifty formed a small-bodied bearish candle, but Nifty Bank ended above record high levels at 44,312. Nifty needs to hold above 18,500 for upward movement towards 18,650 and 18,888; otherwise, it has support at 18,333 and 18,442. The daily momentum indicator has finally provided a bullish crossover, while Nifty can witness small profit booking due to the formation of a bearish harmonic deep crab pattern on hourly charts. Meanwhile, Nifty Bank could face resistance at the 45,000 mark, and traders may consider exiting their long positions if the market falls below 18,500.

Sectorally, consumer durables, metal, realty, auto, and banks saw buying, while some selling was seen in oil & gas, and IT counters. Smallcap stocks that are in focus include names like Ahluwalia Contracts rallied over 10% to hit a fresh 52-week high and Nucleus Software closed with gains of 20% on Monday.

In the past 1-year, the Sensex has risen 15%, while the BSE Realty index has shown an approximate gain of 23%. Within the realty index, a majority of the stocks have yielded over 10% returns. Notably, DLF, a prominent player in the realty sector, witnessed a surge of around 50%. Examining the overall performance of listed realty stocks, it is interesting to note that seven stocks, which are not part of the BSE realty index, have experienced gains ranging from 70-194%. Our analysis is specifically focused on stocks with a market capitalization exceeding Rs 500 crore. (Data Source: ACE Equity)

Flexi-cap mutual funds invest in companies with different market capitalizations and are suitable for aggressive investors. Here are five funds with inflation-beating returns over 3-5 years: HDFC Retirement Savings Fund Equity Plan Direct-Growth Fund, HDFC Focused 30 Fund Direct Plan-Growth Fund, ICICI Prudential India Equity FOF Direct - Growth Fund, PGIM India Flexi Cap Fund Direct-Growth Fund, and 360 ONE Focused Equity Fund Direct-Growth Fund. They have different NAV, returns, AUM, expense ratios, and minimum investments.

European stock indexes showed a slight decline in thin trading on Monday, while Wall Street futures were optimistic after a debt ceiling deal was reached between US President Joe Biden and top Republican Kevin McCarthy. However, the deal is expected to bring only short-term relief as worries about inflation and rate increases persist. Asian stocks were mostly up, except for falling Chinese stocks after data showed profits in the industrial sector were slumping, signifying an economic slowdown. US and UK markets are closed for public holidays. Eurozone government bond yields were lower ahead of inflation data due on Wednesday and Thursday.

Shares of Vedanta will trade ex-dividend on May 30 as the company announced an interim dividend of INR 18.5 per share for FY2023-24. The record date for equity shareholders eligibility has also been set for May 30. Vedanta is one of the highest dividend-paying stocks, having declared an equity dividend of INR 70 per share in the past twelve months, resulting in a dividend yield of 24.35%. However, the company's March quarter earnings witnessed a 68% slump in profit due to decreasing metal prices. The stock is trading at INR 299 apiece on NSE.

In the Sensex pack, M&M, Titan, and Tata Steel were the gainers, rising 2-3%. HDFC, UltraTech Cement, SBI, ITC, and IndusInd Bank also closed with gains. On the flip side, HCL Tech, Power Grid, Maruti, Wipro, TCS, and ICICI Bank closed with cuts.

India's travel and hospitality industry has seen robust growth over the past few years, thanks to government initiatives and a change in people's outlook toward travel spending brought on by the pandemic. There is still huge potential for growth in India's hospitality industry, with low penetration in the country. The development of Vande Bharat trains is expected to boost the industry further by improving connectivity, and management contracts, franchise models, and revenue-sharing models are being explored to capture the impending growth opportunity. Meanwhile, Lemon Tree and Indian Hotels are expected to see significant revenue growth over the next few years.

ITC's shares hit a record high on Monday before it went ex-dividend on May 30. The company's board recommended a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share, which, along with the interim dividend of Rs 6 per share, will total Rs 15.50 for FY 2022-2023. The stock has been in an uptrend and traders can look to accumulate the stock on dips with a target of Rs 460 in the next 2-3 weeks. An equity dividend yield of 1.35% was offered in the last 12 months.

The Securities and Exchange Board of India (SEBI) has reconstituted its intermediary advisory committee including new members such as Nithin Kamath, founder and CEO of Zerodha Broking and Lalit Keshre, CEO of Groww. The committee is responsible for advising on market safety, efficiency, and transparency, as well as changes in the legal framework to enhance simplification and transparency in the systems and procedures of market intermediaries. The committee, chaired by S Ravindran Jain, will also advise SEBI on the use of technology and cyber security by intermediaries.

Nifty has extended its previous month gains, aided by consistent FPI flows. Breakout from the last 4 weeks' consolidation bodes well for acceleration of uptrend, says ICICI Direct report. Also, the report added that FII buying that has been sturdy during May and will continue to support the acceleration of structural uptrend going ahead.So, in view of the current market set-up wherein the brokerage sees Nifty headed to lifetime highs and midcaps to outperform, ICICI Direct has come out with its top technical sectoral bets for June month. Here is a collation of the bets from the report.

IndusInd Bank's market capitalisation crossed Rs 1 lakh crore, its highest in three years, as its shares hit a 52-week high of Rs 1,295. The bank's stock has rallied approximately 44% over the past year. It is the sixth Indian bank to be valued at over Rs 1 lakh crore. IndusInd Bank has seen improvements in its return on equity and return on assets over the past two years, with a consistently growing quarterly net profit and profit margin YoY.

Indian equity markets rallied for the second consecutive month in May, driven by foreign portfolio investors (FPIs) continuing to pump money into Indian equities. Improved market sentiments and strong macroeconomic fundamentals were also drivers. ICICI Direct expects the Nifty to test the levels of 18,900 and is confident that the midcap index could experience accelerated upward momentum as it approaches its all-time high. The brokerage chose a range of top picks, such as Kotak Mahindra Bank, Reliance Industries, and TCS, across several sectors based on various criteria.

Interest rates and stock prices are inversely related. As interest rates rise, more money moves to fixed-income assets, adversely impacting stock prices. Markets start discounting earlier than the actual event, which can lead to a decline in stock prices. Alternatively, the reverse is true when interest rates start falling. Interest rates have peaked, and this has implications for investors to lock into fixed-income assets like debt funds and bank FDs. As such, equity markets are set to stage a rally in the second half of CY 2023.

Bank Nifty hit a record high of 44,483.3 on May 17, following the release of strong Q4 results and non-stop Foreign Institutional Investment (FII) buying. Despite falling short of the previous high reached on December 14, 2022, by just 0.10 points, experts remain positive on the banking index as most banks reported stellar earnings in Q4 with improvements in asset quality. The index may remain a market performer and declines towards 43,500 are viewed as a buying opportunity, according to ICICI Securities.

Auto component maker Balkrishna Industries hit a fresh 52-week high last week, and experts suggest the rally isn't over yet. Short-term traders are being advised to buy the stock on dips for a possible target of INR3,000 in the next two to three months. The stock hit INR2,490 on 26 May, up from a low of INR1,800 last year. The supertrend indicator has triggered a buy on the weekly charts after a 14% price rise in a week, but a Relative Strength Index above 70 is considered overbought, meaning a pullback could be on the way.

GMR Airports Infrastructure saw its shares fall 11% to Rs 40.1 on the BSE after it posted a consolidated loss of Rs 637 crore ($86m) in Q4 FY23, compared to a loss of Rs 129 crore in the same quarter last year. Revenue from operations increased 47.6% to Rs 1,895 crore for the same period, while EBITDA decreased 49% YoY to Rs 241 crore. GMR said near-term traffic may face headwinds from supply-side constraints like the bankruptcy of GoFirst and engine issues, but expected gain momentum in medium- and long-term from an increase in airline capacity and routes and greater connectivity between tier-II and tier-III cities.

Most brokerages maintain their bearish outlook on telecom company Vodafone Idea, despite its narrowing quarterly loss. CLSA and Yes Securities recommend selling the stock, while Motilal Oswal maintains a neutral stance and Nuvama advises reducing holdings. Vodafone Idea reported a consolidated net loss of Rs 6,419 crore ($859m) for Q4 2020, compared with a loss of Rs 6,563 crore in the same period last year. The revenue growth was muted at Rs 10,532 crore, up 3% YoY. Vi continues to look for investors to raise funds.

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 companies in the list are covered by a minimum count of 2 analysts. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

ONGC's consolidated net profit fell 53% YoY to INR 5,701cr ($768m) for the March quarter, while revenue from operations increased 5% YoY to INR 1.64 lakh crore. On a standalone basis, ONGC reported a net loss of INR 248cr, compared to a profit of INR 8,860 crore in the same quarter last year. Brokerage firms have mixed views on the company: JM Financial has maintained its buy rating, while YES Securities suggests adding the shares, and ICICI Securities recommends buying with a target price of INR 164 ($2.21).

IDFC First Bank's shares hit a 52-week high of INR 70 on the NSE as it rallied by over 5% over the past three trading sessions. A 15-17% rally from the current level by the middle of July will result in the stock making a cut in the MSCI Standard Index in its August review, as per a note by brokerage firm Nuvama. The quarterly down-sloping trendline breakout confirms trend reversal on long-term charts. The bank's standalone PAT jumped 134% YoY to INR 803 crore in the March quarter, which is the highest-ever quarterly profit for the bank.

India's stock market has overtaken France and regained its position as the world's fifth-largest stock market, with a market capitalisation of $3.3tn. This came about thanks to the recovery of Adani Group stocks after a major upheaval earlier this year, combined with international funds fleeing the sluggish Chinese investments market and scouting growth opportunities in India. The S&P BSE Sensex Index is now nearing record highs after a 9% bounce back following a brief dip into correction territory in March.

Bulls are in control of both, Nifty and market breadth. But this was not the situation a couple of weeks back. Some domestic and international events were looming on the head of the markets. Some stocks have seen an improvement in their analyst scores during this period. 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.

ICICI Lombard General Insurance shares surged by 14% in early trading on Monday following ICICI Bank's announcement that it will acquire an additional 4% stake in the insurance firm. ICICI Bank intends to purchase a minimum of 2.5% of the stake before 9th September 2024. ICICI Lombard's shares hit a 52-week low in March but have since rebounded, gaining over 13% in the last month, although the stock has underperformed the Nifty50. ICICI Lombard currently has a market capitalisation in excess of 60,568 crore RS.

After ending the last week on a high, the momentum in the equity markets will likely continue on the positive news from the that there was an in-principle breakthrough in the debt ceiling negotiations. Indices will also take cues from macro data that is due later this week. Here are four technical picks from analysts that can rally up to 11%:

MACD or Moving average convergence divergence in stock market parlance is a trend-suggestive momentum indicator. The metric shows the relationship between the 2 moving averages of prices. (StockEdge)

Balkrishna Industries' shares fell 9% to Rs 2,250 on BSE after it reported a decline of 30.7% in consolidated net profit for Q4 FY23. The company's revenue from operations fell by 2.4% to Rs 2,317 crore for the March quarter. Motilal Oswal has a Neutral rating on the stock, and 22 analysts recommend a Hold, with a majority of nine analysts having strong buy and buy ratings. Despite this, the stock has risen 10% YTD and 15% in the last six months.

At least 21 Indian companies with a market cap of over INR 5bn ($66m) saw their profits decline in each of the past four quarters and their stocks suffer negative returns in the last year, according to ET Markets. Five of the companies belong to the pharmaceutical sector, while three operate in specialty chemicals. Laxmi Organic Industries saw net profit fall by 37-66% YoY in the last four consecutive quarters, while Motilal Oswal Financial Services's profit fell 45% and 86% in the March and June quarters, respectively. Experts have recommended that investors focus on domestic sectors in the coming quarter while global growth remains lukewarm.

Adani Transmission, Adani Total Gas and Indus Towers are set to leave the MSCI Global Standard Index on May 31, 2023, with Max Healthcare Institute, Hindustan Aeronautics and Sona BLW Precision Forgings entering the index. The move is expected to result in outflows of $189m and $167m for Adani Transmission and Adani Total Gas, respectively, with 18 million shares for each stock being offloaded. Meanwhile, Max Healthcare’s addition will result in inflows of $312m, with HAL and Sona BLW’s inclusion likely bringing in $196m and $171m.

Nifty Bank soared to a new record high on Monday, crossing the 44,400 level, due to non-stop buying by foreign institutional investors and optimism surrounding the US debt ceiling deal. The banking index has rallied around 400 points, while Nifty50 and Sensex are approaching their previous peaks. HDFC twins were the biggest contributors to the upside in both Sensex and Nifty, and all 12 counters in the banking index were in the green. Analysts warn against the urge to buy on the higher side, with valuations difficult to justify at higher market levels and the possibility of selling pressure.

Sensex surges 500 points, tops 63K; all index stocks gain; Nifty Bank hits record high; ONGC, BHEL, City Union Bank are some of the loser in morning trade.

“Our process is curated with the following extreme level of discipline and backtesting, the majorly focus on buying turn around business which can create wealth in x and if loss in %.,” says Rohan Mehta, CEO & Fund Manager of Turtle Wealth who manages about Rs 400 cr. (Source PMSBazaar.com)

JPMorgan has upgraded General Insurance Corporation to buy with a target price of Rs 230, stating that it foresees an improvement in the trend of combined ratio for next year. Goldman Sachs has maintained its sell rating on both Info Edge and BHEL, with a target price of Rs 3340 and Rs 34 respectively. However, it has kept its buy rating intact on Dabur India with a target price of Rs 600. CLSA has maintained its sell rating on Vodafone Idea with a target price of Rs 5.

From the Sensex pack, M&M, HDFC, Kotak Bank, IndusInd Bank and HDFC Bank were the top gainers, rising 1-3%. Bajaj Finserv, NTPC, and Nestle also opened higher. Whereas, only Sun Pharma and Power Grid opened in the red.

The stock price of this company has been consolidating in a wide range for the past six months. It has now risen above this consolidation by giving a trendline breakout. The price had formed a higher low before the breakout, which increases the reliability of the breakout. The volume has started rising gradually after the breakout, which is supportive of price.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on Bharti Airtel and SBI while Nooresh Merani has a buy/sell recommendation on HCL Tech and L&T for today's trading session. Check out the targets and stoploss.

Indian markets are on a positive note as the Sensex increased over 600 points and the Nifty50 closed at 18,500 levels boosting the bulls and aiding in the fresh leg of the index. India VIX reduced by 4.95%, giving strength to the bulls, making Options data scattered in various far strikes in the monthly series. Broader trading ranges fall between 18200 to 18800 zones, while immediate trading ranges fall between 18,300 to 18,650 zones. Various experts have suggested that traders with a short-term horizon should purchase stocks like Reliance Industries, IDFC First Bank, Canara Bank, Marico, Bharti Airtel, SBI, HCL Technologies, L&T, and Gujarat Gas.

Mahindra and Mahindra (M&M) has reported a 22% YoY growth in standalone net profit for the March quarter, at INR 1,549 crores ($207m). However, it was lower than Street estimates. On a consolidated level, M&M's FY23 profit rose 56% to an all-time high of INR 10,282 crore. Following the earnings announcement, its stock was trading nearly 5% higher on BSE at INR 1,382 and was the top Sensex performer. Macquarie has an 'Outperform' stance on the counter, Goldman Sachs and Nuvama have taken a 'Buy' view on the stock.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, 10 stocks crossed their previous 5-year high value at the close on May 26, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.