A committee will be set up soon to draw up the framework, said the people cited above. It will detail the process of approaching borrowers, the documents to be submitted and reports to be given to them, along with timelines and the course of action.

Maharashtra, Gujarat, Tamil Nadu, Karnataka and Uttar Pradesh together accounted for 43.1% of the total ATM cash replenished by CMS Info Systems across the country. Incidentally, these are the top 5 states with maximum gross state domestic product (GSDP) in fiscal year 2022, according to CMS Infosystems.

The association, which represents 77 domestic and foreign institutional investors who collectively own 10.15% of the DTH company, had on May 15 written to the Dish TV board to convene an EGM within the stipulated 21 days. It also called upon the ministry to initiate "stringent" measures against Dish TV directors for their multiple alleged violations of the Companies Act.

Others cautioned the US central bank needed to keep its options open given the risks of persistent inflation, which is still running at more than two times the Fed's 2% target.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend in the future. So, here are 2 midcaps that have established a bullish engulfing pattern and hint at bullish reversal in the future. (Source: StockEdge)

Bearish reversal on the candlestick screener can help identify stocks where the trend can change downward from an uptrend zone in the future. So, here are 2 stocks with m-cap over Rs 10000 cr that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

The Futures Short Position Scan conducted today revealed Aggressive New Short positions on the counters of 4 midcap stocks. This is a bearish indicator, as it signifies that the futures OI has increased while price has decreased. (Source: StockEdge)

Recent momentum saw Poonawalla Fincorp stock form a higher high and higher low structure on the daily charts and broke out from the earlier swing high of Rs 343 recorded on 13 April 2022. Technical charts suggest that short-term traders can look to buy the stock for a possible short-term target of between Rs 373-390, with support at Rs 335 and a stop-loss on long positions at Rs 318.

Wall Street's main indexes dropped amid uncertainties over the raising of the US government's debt limit and ahead of the release of the minutes from the Federal Reserve's latest meeting. Multiple rounds of inconclusive talks between the White House and Republican representatives have increased the risk of an unprecedented default.

"Traders can look to buy Poonawalla Fincorp stock around the current price in the range of Rs. 345-340 and add on any dips towards Rs. 335 for short-term targets of Rs.372 and Rs. 390. The stop loss on long positions should be placed below Rs. 318," Ruchit Jain, Lead Research, 5paisa.com, said.

Exchanges often impose restrictions when there is unusual movement in share prices so as to curb volatility and potential losses to retail investors. Shares of the company fell as much as 8% to a low of Rs 2,425.35 on Wednesday intraday before closing 6% down at Rs 2,475.

Exchanges often impose restrictions when there is unusual movement in share prices so as to curb volatility and potential losses to retail investors. Shares of the company fell as much as 8% to a low of Rs 2,425.35 on Wednesday intraday before closing 6% down at Rs 2,475.

Time is short to strike a deal before a deadline as soon as June 1, when the Treasury says the government risks running out of cash to pay its bills. Negotiators are expected to convene Wednesday for another round of talks as frustration mounts.

"The board considered and approved sub-division of existing equity shares of face value Rs 2 each of the company to equity shares of face value Re 1 each of the company, subject to regulatory approvals and the approval of the shareholder," the company said in a filing

Equity indices ended lower tracking weak global cues as cautious mood prevails ahead of the FOMC meeting today. Nifty ended below 18,300, while Sensex settled at 61,774 points, with a drag of 208 points.From the Nifty pack, top gainers were Sun Pharma, Hero MotoCorp, Dr Reddy’s Lab, ITC and IndusInd Bank, while laggards included stocks like Adani Enterprises, Adani Ports, Tata Motors, ICICI Bank and HDFC Bank.“Nifty snapped a three day rally and ended down. It displays a running upward correction, which may be negative for the markets. 18420-18432 remains a resistance for the Nifty while 18201 is the immediate support,” Deepak Jasani, Head of Retail Research, HDFC Securities, said.Here are the stock recommendations for Thursday:

The company plans to add a capacity of 56,000 tonnes by October 2023 and another 50,000 tonnes by March 2024 taking the total capacity to 3,00,000 tonnes. With this, the company will be able to offer hot, cold and warm forging, which will expand the addressable market proportion to 85% from 66% at present

The broad-based S&P 500 also shed 0.5 percent to 4,123.00, along with the tech-rich Nasdaq Composite Index, which stood at 12,502.01.

The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of Adani Ports and Special Economic Zone, a unit of the cooking oil-to-coal mining conglomerate Adani Group

Mahindra and Mahindra has sold its entire 3.2% stake in its subsidiary, Mahindra Automotive CIE, via open market transactions, for approximately INR 542 crore. The buyers for the stake are unclear. Mahindra CIE Automotive designs, manufactures, installs and repairs automotive components. Following the bulk deal, shares in the automative component supplier rose 4.55%.

Bailey, speaking at an event hosted by the Wall Street Journal, said the fall was welcome but the BoE had to focus on food prices - which were up 19% over the 12 months to April - and core inflation which rose.While inflation expectations were falling and companies were sending signals that they intended to slow their price increases, there were risks that inflation falls only slowly from now on, he said

On Wednesday, the Sensex benchmark index experienced a decline of more than 200 points, reaching the level of 61,774. Despite the market downturn, 5 stocks from the BSE 200 index managed to achieve new 52-week highs. The 52-week high is a significant technical indicator for certain traders and investors, as it helps them evaluate the present value of a stock and predict its future price movements. It represents the highest price at which a stock has traded within the past year.

The Dow Jones Industrial Average fell 33.75 points, or 0.10%, at the open to 33,021.76.

The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of Adani Ports and Special Economic Zone, a unit of the cooking oil-to-coal mining conglomerate Adani Group

Buying was seen in consumer durables, healthcare, utilities, and FMCG while selling was visible in banks and metals on Wednesday. Stocks in focus today include names like Adani Enterprises, which was down nearly 6%; Prime Focus was up nearly 13%, and Sudarshan Chemical Industries closed with gains of nearly 12% on Wednesday.

The Hindenburg report eroded over $100 billion from the market cap of Adani stocks in a month and nearly had all the investors lose faith. But now it seems like investors are looking beyond the Hindenburg Saga. In fact, last week Adani stocks saw a huge spike as well. Here are 4 factors why Adani bulls aren't bothered anymore.

Headline index Nifty today formed a long pin bar with higher upper shadow on the daily charts, which was largely negative. Now it has to hold above 18,281 zones, for a bounce towards 18,400 and 18,442 zones while on the downside supports exist at 18,181 and 18,081 zones, said Chandan Taparia of Motilal Oswal.

The Securities and Exchange Board of India (SEBI) has proposed that alternative investment fund (AIF) investors should not be given any differential treatment that may impact the economic rights of other investors. SEBI has also suggested that the pro-rata rights of investors should be maintained so that each investor has proportional rights based on their scheme commitment and investment in each investee company when an investment is made or proceeds are distributed. The regulator has recommended prohibiting AIFs from adopting a differential distribution model and creating clarity on pro-rata rights of investors in an AIF scheme.

From the Sensex pack, Sun Pharma, Titan, ITC, IndusInd Bank, Tech Mahindra and Power Grid were the top gainers, while Infosys, Nestle, Kotak Bank, HUL, Tata Steel closed lower.

Debt schemes are currently an attractive option for investors with a short-term outlook or looking for effective liquidity management, according to market expert Jayesh Faria. Short-term investors can consider ultra short-term funds with a minimum horizon of six months, liquid funds with a horizon of one to three months and overnight funds with a view of less than a month.

S&P Global Ratings has further downgraded SoftBank Group's long-term rating to BB, a step closer to junk territory, due to the company's exposure to unlisted companies that are sensitive to external changes. The downgrade comes at a time when SoftBank has sold portions of its assets, including its stake in Alibaba, to maintain its balance sheet, as the value of its portfolio continues to falter. SoftBank is planning to ask S&P to reconsider the downgrade after questioning the reasons provided.

From the Sensex pack, Sun Pharma, Titan, ITC, IndusInd Bank, Tech Mahindra and Power Grid were the top gainers, while Infosys, Nestle, Kotak Bank, HUL, Tata Steel closed lower.

Closing Bell: Sensex ends volatile session 208 points lower; Nifty below 18,300; Jindal Saw surges 7%, Adani Ent tanks 6%

Midsized companies outperformed on the Indian stock market, with Nifty MidCap 100 and Nifty MidCap 150 indices reaching their 52-week highs on 6 October. The indices were buoyed by firms including Deepak Nitrite, Dixon Technologies and Laurus Labs. Delhivery and Gland Pharma suffered significant losses, plunging 68% during the past year. Meanwhile, CG Power and Industrial Solutions enjoyed multibagger returns of 103% over the same period, and Union Bank Of India, IDFC First Bank, Indian Bank and TVS Motor Company returned 85-91%.

ETMarkets.com conducted an analysis on companies that have shown a consistent increase in their quarterly EPS over the last four quarters of FY23. The refined list was compiled by considering only those companies whose EPS surpassed Rs 10 in the March '22 quarter and maintained an upward trajectory in each subsequent quarters until March '23. Additionally, only those with a market cap of over Rs 500 crore were taken into account. Surprisingly, out of the entire BSE Universe, only eight stocks met these criteria.Interestingly, these stocks have gained anywhere between 10-60% in the last one year period. (Data Source: ACE Equity).According to data from Trendlyne, all eight stocks appear to be robust in their SWOT analysis.EPS measures a company's profitability per share. Growing EPS means earnings are increasing on a per-share basis. Factors contributing to growth include increased revenue, cost control, improved efficiency, and effective capital management. Growing EPS is positive for investors but consider other metrics and factors when assessing a company's performance.

Shares of budget airline SpiceJet rose by nearly 9% on the Bombay Stock Exchange following the announcement that the carrier was targeting the return of four of its grounded aircraft by 15 June. SpiceJet has revealed that it will relaunch its grounded fleet using its own internal cash and a $50m allocation from the Indian government’s Emergency Credit Line Guarantee Scheme. The airline has also announced improved route coverage and held an anniversary offer event to promote these new services.

Biocon's shares surged by 8% on Tuesday due to strong Q4 earnings growth. Net profit grew by 31% to INR 313 crore with 57% YoY growth in consolidated revenue from operations totaling INR 3,774 crore. Operating profit EBITDA surged 75% while gross spending on R&D rose by 53% to INR 356 crore. The biosimilars business stood out with revenue more than doubling on YoY basis to INR 2,102 crore. However, despite strong results, Biocon reportedly missed estimates, according to Motilal Oswal.

What are the plans of Biocon on fundraising? Kiran Mazumdar Shaw, the Executive Chairperson, Biocon and Biocon Biologics speaks on the outlook for the company, inspections, R&D and more.

Taking a public company private allows for changes and growth goals to be achieved more easily without the pressure of meeting quarterly expectations from analysts, according to a recent report. Private companies have longer-term decision making, as they are far from the gaze of public investors, who are often accused of being short-term oriented. An over-communication between management and the analyst community can also steer expectations and risk sacrificing longer-term decision-making. Many companies refuse to provide public guidance or insights, instead choosing to focus on long-term planning.

Adani Enterprises' three-day rally came to a stop as traders booked profits, pushing the stock down 8% and wiping off all gains. Adani Enterprises is the most valued stock among the Adani family’s ten listed companies. Other Adani firms, such as Adani Ports and Adani Wilmar, also suffered declines. Analysts said the high volatility of Adani’s stocks resulted in the rapid rise and fall but suggested the businesses still held intrinsic value for long-term investment. The downside in Adani’s stocks had occurred despite positive news, including the report from the SC on Hindenburg’s claims.

Real estate stocks fell the most in Europe, down 2.5%, with UK homebuilders among the top decliners after data showed a closely watched core measure of UK price growth surged to a 31-year high in April, cementing bets on more interest rate hikes from the Bank of England.

For auto sector headwinds like rising input cost, stagnant demand are becoming things of the past. However, analysts are still not secularly, but selectively bullish. The reason, cyclicality of the auto industry and impending war in EV space. 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.

As the nifty continues to move upward, small caps are joining the party. 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 some parameters like net margins and return on equity.

Nomura Singapore has increased its stake in Mishtann Foods to 1.28%, or 12,825,854 shares, according to the FMCG product company. Mishtann said on Wednesday that it would launch new products in the domestic market, including iodised salt, crystal salt and rock salt. The move is expected to bolster the firm’s topline, it added. Offers made by Mishtann in the Basmati rice segment include Raw, Sella and Steam and cater to both wholesale and retail customers. The company also has a presence in the wheat and pulses segment and has set up a subsidiary in the United Arab Emirates.

Japan's Nikkei share index fell for a second day due to risks stemming from the US debt ceiling and profit-taking after recent gains, as no major breakthrough was achieved. Shiseido Co was the major decliner after seeing a 20% surge since mid-March. The broader Topix was also down. However, Toyota Motor Corp has rebounded after a flash crash. Meanwhile, Japanese manufacturers have turned optimistic for the first time this year; analysts predict that the Nikkei will end the year at 30,000, near the psychological key level.

Experts predict that Info Edge, a company in the consumer services industry, could surpass Rs 4,000-4,400 levels despite a 16% drop from August 2022 highs that saw it close at Rs 3,890 on 22 May 2023. The stock bounced back from its short-term moving average and is trading above 5,10,20 and 30-day moving averages, indicating the upward trend is likely to persist. Furthermore, the breakout level from the head and shoulder pattern at Rs 3,580 is now an important support level and traders are advised to buy now or on slight dips for short-to-medium term gains.

For auto sector headwinds like rising input cost, stagnant demand are becoming things of the past. However, analysts are still not secularly, but selectively bullish. The reason, cyclicality of the auto industry and impending war in EV space. 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.

With state elections kicking off with Karnataka, the government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push. Many state governments may rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

The list also contains a count of analysts evaluating each banking stock for the next 12 months. For the purpose of this report, we have filtered out stocks wherein the count of analysts is less than 10 and upside potential is up to 43%.

The stock has outperformed the Nifty50 by over 110% but the current trends indicate a sideways movement in the counter and it may not ride the current momentum, going ahead.