Nifty futures on the Singapore Exchange traded 171 points, or 0.92 per cent, higher at 18,719, signaling that Dalal Street was headed for positive start on Monday. Here are some stocks which are expected to see some action in trade today.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, nine stocks crossed above their 200 DMAs (Daily Moving Averages) on May 26, 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.

On Friday, the markets continued to move into the positive territory, with the Nifty ending the day with almost a one-percent rise. The expectations are that this week should also start well.

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

Positive macroeconomic data and normal monsoon forecasts boosted equity markets at the end of last week, with IT, realty and FMCG all seeing gains. RIL saw a 3% rise, but Page Industries saw a drop of 8.78%. Senior Technical Analyst, Swastika Investmart, Pravesh Gour, recommends buying RIL stocks as it has seen a breakout of inverse head and shoulder formation on the longer timeframe with strong volume, suggesting a potential bullish reversal. Med Plus is risky but currently trading above its moving averages, and Page Industries is a good buy for the long term.

In the NSE list of stocks, six 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 26.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can climb into an uptrend from a downward zone in the future. Here are 2 NSE stocks from the mid and small-cap basket that have established a hammer pattern and signify a bullish reversal. (Source: StockEdge)

Asian shares and US stock futures have both risen following a deal between US President Joe Biden and congressional Republican Kevin McCarthy to suspend the government's debt ceiling. This ends months of concern and anxiety among investors who feared an economically destabilising default. The deal will now go through the Democrat-controlled Senate and House of Representatives. The positive news lifted the S&P 500 futures by 0.4%, while the Nasdaq futures firmed by 0.6%. AMSCI's broadest index of Asia-Pacific shares outside Japan rose by 0.3%.

Option data suggests a broader trading range in between 18200 to 18800 zones while an immediate trading range in between 18300 to 18650 zones.

Aurobindo Pharma posted net profit of Rs 505 crore for the quarter ended March. The company's revenue stood at Rs 6,479 crore.

The compromise after weeks of intense talks offers a path back from the precipice, even as the clock is still ticking down to the June 5 "X-date" when the Treasury estimates there might not be enough cash to pay bills and debts.

U.S. President Joe Biden and top congressional Republican Kevin McCarthy on Saturday reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, two sources familiar with the negotiations said, potentially averting an economically destabilizing default.

The government provided a blanket exemption from angel tax to various structures such as pension and sovereign wealth funds, among others investing in India from 21 countries, but corporate entities were left out, making them potentially liable to the levy.

"Everstone, which also operates Subway and Lavazza coffee in India, is looking to cash out from its stake in Burger King, and is now actively engaged in due diligence with private equity firms General Atlantic and Advent," one of the executives said.

Banks in India saw a fall in loan loss provisioning for the fifth consecutive period, indicating improving asset quality and sustained collection efficiency. Cumulative bad loan provisioning declined by 42.5% to Rs 18,354.4 crore, the lowest since March 2019 quarter, indicating an overall improvement in the country's banking system.

The buyout fund will be buying 90% of the company, with the housing finance company retaining a 10% stake that it may sell over a two-year period. A formal announcement is expected by June end, ahead of the mega merger between HDFC Bank and HDFC to create the world’s fourth-largest bank. Both sides are finalising legal documentation, said the people cited above.

In an email to about 20 fund officials and senior professionals, Sebi has asked them to suggest ways to lessen the compliance burden on the funds, which, many in the industry believe, has led to a regulatory overkill.

As government defaults rise to a record in the developing world, the debate is growing frantic over how to solve these debt crises. Restructuring talks are stalling, with some countries turning to old-school sweeteners and others calling to revamp the G20's Common Framework.

​On weekly chart, the index has formed a long bullish candle forming a higher high-low than the previous week and has closed above the previous week’s high, indicating positive bias.

The US dollar, which has benefited from angst around the statutory borrowing limit, will be in focus as another week of trading begins at 5 a.m. Monday in Sydney. Liquidity is set to be thin with US and UK markets closed Monday for national holidays, although futures contracts referencing US Treasuries and the S&P 500 Index will trade.

Short-term traders can look to accumulate the stock on dips for a possible target of Rs 460 in the next 2-3 weeks, they say. ITC, also part of the S&P BSE Sensex index, rose from Rs 331 on 30th December 2022 to Rs 441 on 25th May 2023, which translates into an upside of about 30%.

Equity markets ended the week on a solid note led by a rally in heavyweight Reliance Industries that jumped nearly 3%. Further, advances in the media and IT pack also lifted sentiment.From the Nifty pack, top gainers were RIL, Sun Pharma, Hindalco, Divi’s Laboratories and HUL, while laggards included ONGC, Grasim, Bajaj Auto and Bharti Airtel.“On the Daily chart, we observe that Nifty has taken out the previous swing high of 18459, indicating the bulls remain in control. We expect the uptrend to continue in the coming sessions. Immediate upside targets for Nifty are now at 18696. Short-term corrections are not ruled out. Crucial supports to watch for weakness are at 18333,” Subash Gangandharan, Senior Technical and Derivative Analyst, said.Here are stock recommendations for Monday:

Equity markets ended the week on a solid note led by a rally in heavyweight Reliance Industries that jumped nearly 3%. Further, advances in the media and IT pack also lifted sentiment.From the Nifty pack, top gainers were RIL, Sun Pharma, Hindalco, Divi’s Laboratories and HUL, while laggards included ONGC, Grasim, Bajaj Auto and Bharti Airtel.“On the Daily chart, we observe that Nifty has taken out the previous swing high of 18459, indicating the bulls remain in control. We expect the uptrend to continue in the coming sessions. Immediate upside targets for Nifty are now at 18696. Short-term corrections are not ruled out. Crucial supports to watch for weakness are at 18333,” Subash Gangandharan, Senior Technical and Derivative Analyst, said.Here are stock recommendations for Monday:

There are different types of fixed-income instruments that are available in the market. Bonds and Public Provident Funds (PPF) are two such instruments that are quite popular among investors. While both avenues offer assured returns, they are quite different. Before starting with the investments, investors should understand the concept of bonds and the Public Provident Fund and see how they differ.

ITC, Infosys and SBI will trade ex-dividend this week. ITC's board recommended a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share. SBI declared a dividend of Rs 11.30 per equity share and the payment date is fixed on June 14. On the other hand, Infosys has announced to pay a final dividend of Rs 17.50 per equity share. The record dates for the dividend payments have also been announced.

Because it is easy to calculate and understand the valuation ratios, the PE ratio often acts as an anchor when investors are making investment decisions. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.

​​Even though stock prices may have moderated, broad valuations have not valued the full trouble. Like the one-year forward valuations of large and midcaps continue to trade at a premium. India’s one-year forward consolidated P/E is at +18x, marginally above the long-term average of 17x. The Q4FY23 result is mixed, and the outlook suggests a downgrade in earnings for 2023.

Nifty stocks fell short of the estimated 10.6% with 9.7% while Nifty 500's earnings improved by 11.7% compared to the estimated 8.9%, indicating the outperformance of mid- and small-caps. Equity markets will take cues from macro data, US debt negotiations, and central bank policy meetings. Companies such as Adani Transmission, IRCTC, NHPC, Torrent Power, and Mazagon Dock Shipbuilders are among many to release the Q4 earnings in the last week of May.

Investors are always on the hunt for penny stocks, which have the potential to offer multibagger returns. But more than not, these stocks trade with low volumes and are very volatile. Hence, investors are advised to do thorough research before investing in such stocks. ETMarkets has picked 7 stocks that have delivered returns of up to 150% in just one month of May. (Source: Ace Equity)

The combined market valuation of seven of the top-ten most valued firms jumped Rs 1,51,140.39 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion

Foreign Portfolio Investors (FPIs) have invested Rs 37,316 crore in Indian equities in May, the highest in the past six months. This inflow is attributed to strong macroeconomic fundamentals and reasonable stock valuations. A positive resolution on the US debt ceiling and good domestic macro-economic data could lead to fresh asset flows from foreign investors. The recent quantitative tightening cycle in the US and India's outperformance in global equities has improved the FPI flow outlook. The sustained buying by FPIs has pushed the NSE's Nifty benchmark index up 2.4% in May so far.

Based on the midcap index's fresh life highs and Nifty testing psychological 18500 levels, analysts suggest that the index may maintain a positive bias and move towards 18800-18850 levels by the expiry, with aggressive put writing visible at 18400 and 18300 strikes for the coming week. Analysts advise bullish traders to opt for the long 18500 Call with a target of 150 and stop loss of 45 until expiry, as the open interest at the inception of June series and FII positions remain relatively low and fresh longs are formed in the index. However, high Nifty premiums may remain a cause of concern.

After remaining in dumps for over a decade, real estate stocks made a comeback during Covid. Multiple factors brought them back to the centre stage. Increase in demand taking care of excess inventory, and some saving’s once again shifting toward real estate as an asset class.

Indian stock markets ended the last week of May with strong gains and have begun the June series on a positive note; the Nifty50 gained 1.63% for the week and crossed the resistance of 18,400 to close at 18,499.35. Investors are advised to remain cautious as we approach the June series expiry. Markets will take cues from Wall Street, which will remain closed on Memorial Day. The week will also bring several important domestic and global economic events for investors to track, along with the possible impact of movements in the US debt ceiling, crude oil prices, and government bond yields on market performance.

Because it is easy to calculate and understand the valuation ratios, the PE ratio often acts as an anchor when investors are making investment decisions. Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions.

The tentative deal between President Biden and Kevin McCarthy to raise the US debt ceiling may have negative consequences for financial markets. Once the deal has passed, the government is expected to make large bond issuances, which could lead to a liquidity drain from banks and cause financing to become more expensive for companies already struggling in a high-interest rate environment. Some banks fear that markets have not yet accounted for this risk, and some warn that delaying the resolution could cause volatility in the market. However, some believe that the drain on liquidity could be absorbed by money market mutual funds.

Are banks more prone to interest rate cycle or is it manufacturing business which is more vulnerable to higher interest rates. Every business has its own capital requirement matrix and this is what makes them prone to risks of interest rate cycle. Of all the stocks, which our algorithms come up with, we took companies from different sectors. On the list, there is one of the biggest wealth creators from the specialty chemical space. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

LIC posted a standalone net profit of Rs 13,428 crore in Q4 FY23 recently, but does this multifold jump make it a buy? In today's video we are going to discuss the brokerage view on LIC. Watch!

Sun Pharmaceutical Industries has proposed acquisition of all the shares of Taro Pharmaceutical Industries by way of reverse triangular merger. In the all cash deal, Sun Pharma will acquire the shares at a price of US $38 per ordinary share which will be payable in full at the closing of the proposed transaction. The proposed price represents a premium of 31.2% over Taro's closing price on May 25, 2023, a 41.5% premium over Taro's average closing price in the last 60 days, Sun Pharma said in its filing to the exchanges.

Sundar has settled a case with markets regulator Sebi by returning the advisory fee and disgorging over Rs 6 crore. The case related to PR Sundar and Mangayarkarasi Sundar, promoters of Mansun Consulting, offering investment advice without the necessary registration from the market regulator.

In the aftermath of this turbulent episode, investors have become increasingly vigilant. They are actively seeking ways to analyse a bank's liquidity and want to ensure its ability to withstand adverse situations.

US markets remained stable despite uncertainty surrounding the US Debt Ceiling crisis. The benchmark index closed on crucial levels and posted a weekly gain of 1.63%. Markets may initiate a directional bias this week, either ending in a breakout or placing an intermediate top. Negotiations over a two-year spending deal are taking place to raise the debt ceiling, with a deadline of June 01. NIFTY charts show a bullish 14-period high with a neutral weekly RSI, some resistance may be experienced at the 18590 and 18700 levels but supports lie in the 18300 and 18150 levels.

Indian markets may have already seen interest rates peak out, according to market expert Mahantesh Sabarad. Markets are also expected to overcome Monday's predicted hit of the US debt ceiling, which has occurred before, and global central bankers are predicting an end to rate hikes. The FMCG and auto indices are at an all-time high despite FMCG volumes having decreased — interest rate peaks do not necessarily have a negative effect on these sensitive sectors such as automobiles. Adani Group has posted good results, but its debt overhang has not been alleviated. The capital goods sector is expected to pick up, prompting larger cap names within this sector to be favoured.

For some 6 counters from the largecap basket, the closing price has gone above last month’s high. This is a bullish indicator as it indicates that the stocks are moving upwards and have crossed the last month’s high.

The Liquidity Coverage Ratio (LCR) is one of the key ways to analyze a bank's liquidity and to ensure its ability to withstand unforeseen situations by holding sufficient liquidity. It is calculated by dividing a bank's high-quality liquid assets by its total net cash outflows, and it reflects the sufficiency of assets a bank has to handle unexpected situations. The LCR ensures that a bank has the necessary cash to meet cash outflows over a 30-day period, allowing for the bank's customers' protection while maintaining stability. Moreover, banks and investors can access the LCR reports of banks quarterly, making it easier to evaluate their strength and resilience.

Shares of National Aluminium Co (Nalco) surged by over 5% as its Q4 revenues and profits beat market estimates. The Indian government-run firm is hopeful of profitability looking up in the current fiscal even though prices of aluminium may remain subdued due to tepid economic expansion globally.

Adani Enterprises was the best performer on the Nifty50, gaining over 30% in the week ending May 26, on the back of 61 block deals that brought in INR1,021 crore for the company. Star Health Insurance was the top loser, seeing its stock fall 8.8%. The market featured buying and selling, with Adani Transmission, ITC, Bharti Airtel, and Max Healthcare Institute all experiencing significant bulk deal action. In the week, Nifty50 gained 1.63% and was the second-best performing index among MSCI Emerging Market peers.

According to Mileen Vasudeo of Arihant Capital Markets, Nifty is expected to cross its initial resistance level of 18,650 and reach its prior all-time high soon, with the possibility of further gain. Bank Nifty is also likely to see a fresh all-time high and extend its gains towards 44,500 to 44,800 levels. Stock recommendations include VRL Logistics and Tata Elxsi, with expectations that both may see higher levels in the coming weeks.

Here's a list of stocks that witnessed an increase in trade as well as delivery quantity during the week ended May 26.Let's look at these stocks (StockEdge)-

For some 6 counters from the largecap basket, the closing price has gone above last month’s high. This is a bullish indicator as it indicates that the stocks are moving upwards and have crossed the last month’s high.