Foreign institutional investors (FIIs) have invested over ₹20,000 crore ($3.1bn) into Indian stocks in the first two weeks of May. Figures from NSDL reveal that financial stocks were the most popular picks for investors, who contributed ₹8,382 crore. Automobiles ranked second, with investments of ₹4,705 crore. Within emerging markets, India is most attractive to investors at present, receiving the most capital in May 2018. Analysts believe that while the global backdrop remains favourable to investors, concerns continue to exist over selling by domestic funds, with concerns that mutual funds may take a position on raising cash.

Shares of Zomato rose by almost 3% after the food delivery firm reported a lesser quarterly loss in Q4FY23. Zomato's loss of INR 188 crore in the three month period ending in March is a significant improvement from the INR 360 crore reported in the same period the previous year. Meanwhile, consolidated revenue increased by 70% YoY to INR 2,056 crore, and revenue for FY23 was up 69% to INR 7,079 crore. While Nomura holds a "reduce" stance on the stock, brokerages Emkay and Goldman Sachs have maintained a "buy" on Zomato.

Sensex drops 100 points, Nifty below 18,200; Cochin Shipyard tanks 10%, Zomato gains 2%; PNB, Infibeam Avenues, Adani Ports & Special Economic Zone are some of the gainers in the morning trade.

Most sectoral indices were trading in the green zone with IT stocks leading the upside. LTIMindtree, Mphasis, Infosys, LTTS, Wipro and Tech Mahindra were all up around 1% each, tracking the recent upside seen in Nasdaq.

Brokerage firm BofA Securities has given a buy rating on Muthoot Finance and Zomato, and a neutral rating on Bandhan Bank and Divi’s Laboratories. The global investment bank has maintained a buy rating on Muthoot Finance with a target of Rs 1200 and upgraded Zomato to buy with a target price of Rs 85. On the other hand, BofA Securities maintained a neutral rating on Bandhan Bank with a target price of Rs 280 and Divi’s Laboratories with a target price of Rs 3250. Morgan Stanley also maintained an overweight rating on Delhivery with a target price of Rs 370 post March quarter results.

“Over this 10-year period, we have nearly quadrupled the money (3.84x) for investors, delivering returns of 14.4% CAGR in our Capital Builder Fund,” Sachin Shah, Fund Manager, Emkay Investment Managers Limited, said.

The price of this company recently had given a symmetrical triangle breakout which has now led it to surpass a multi-month trendline resistance. For the past few sessions, the price has been sustaining above the trendline, which suggests that the resistance has been crossed with conviction and further upside can be expected in the short term.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Bank of Baroda and ICICI Bank while Nooresh Merani has a buy/sell recommendation on Infosys and Indusind Bank for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks with a market cap of over Rs 1000 crore, eight stocks crossed their previous 5-year high value at the close on May 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

Nifty futures on the Singapore Exchange traded 19.5 points, or 0.11 per cent, lower at 18,218.50, signaling that Dalal Street was headed for negative start on Monday. Here are some stocks which are expected to see some action in trade today.

The Indian market may remain stable on Monday, keeping in line with the mixed global cues. The S&P BSE Sensex increased by 300 points on Friday, and Nifty50 finished over the 18,200 level. India VIX descended by 3.91% from 12.79 to 12.30 levels, reducing the volatility and aiding the market. Options data shows the maximum Call OI at 18,200, and the maximum Put OI at 18,200. The experts suggest a broad trading range between 17,900 to 18,400 zones and an immediate trading range between 18,050 to 18,350 zones.

Six stocks, including Delta Corp and L&T Finance, are under trading bans on May 22, owing to open interest levels crossing 95% of the market-wide limit. However, Future and Options contracts will still remain on the market. The ban will be reversed when open interest falls below 80%. Traders in indices won't face a security ban. Nifty50 closed higher and Sensex was up by almost 300 points, amidst which analysts predict the upcoming period to continue upward momentum.

In the NSE list of stocks, nine 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 19.

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 4 NSE stocks that have established an Inverted Hammer pattern and hint at a bullish reversal in the future. (Source: StockEdge)

Indian markets closed in the green on Friday after a 3-day losing streak. Sectorally, buying was seen in IT, realty, banks, and autos while selling was visible in healthcare, consumer durables, and public sector stocks. Stocks in focus include Ramco Cements, Gland Pharma, and Adani Total Gas. Swastika Investmart's Sr. Technical Analyst Pravesh Gour recommends buying Ramco Cements due to its breakout from an inverse head and shoulders formation and selling Gland Pharma due to a breakdown of a long consolidation formation. Adani Gas is a risky buy due to a significant price decline and it trading below its all-important moving averages.

In the Nifty500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 19, 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. Take a look:In the Nifty500 pack, eight stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on May 19, 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. Take a look:

Turning their back on the last two days of declines, the markets on Friday recovered from their morning lows to end the day in the positive territory. The Nifty closed the session with a gain of two-fifths of a percent.

Asian stocks and US futures fell on Monday as concerns about US debt ceiling negotiations weighed on market sentiments, hazardous banking fears and fresh geopolitical anticipations. US House of Representatives Speaker, Kevin McCarthy, and President, Joe Biden, meet on Monday to take a crucial call on the debt ceiling, less than two weeks before the end-of-May deadline. As the break in the negotiations last week, the inability to lift the debt ceiling might lead to a default and spark chaos in financial markets. Meanwhile, concerns over regional banks led US bank shares to continue their decline.

Bearish reversal scan on the candlestick screener can help to identify stocks where the trend can change downward from an uptrend zone in the future. So, here are 5 NSE stocks with m-cap between Rs 1000 cr to Rs 10000 cr that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

On the Futures Short Position scan on May 19, 4 Nifty 50 stocks saw aggressive short covering. In such a scenario, the stock’s cumulative open interest has decreased whereas the price, average traded and delivered quantity of 5 days have increased.

Oil prices increased slightly on Monday due to a weaker dollar and supply cuts made by Canada and OPEC+ producers. Brent crude futures rose by 0.2% to $75.72 per barrel, and U.S. West Texas Intermediate crude rose 0.2% to $71.84 per barrel. Last week saw gains of around 2% for both oil benchmarks, following Alberta fires, which cut off a significant amount of crude supply in Canada, and voluntary OPEC+ production cuts. A lack of crude supply may threaten the success of a new Nigerian facility, the Dangote Petroleum Refinery, where oil rig counts have reduced in the U.S.

BEL's net profit rose nearly 20% to Rs 1,382 crore for the fourth quarter, while revenue from operations increased 2% to Rs 6,479 crore.

Blackstone on Sunday said that it has acquired International Gemological Institute (IGI) from China's Fosun and Roland Lorie, part of the founding family for an undisclosed sum. Sources in the know said Blackstone is paying $570 million as enterprise value for the company, inclusive of cash/ debt.

The removal of India's ₹2,000 banknotes from circulation is expected to increase liquidity in the nation's banking system and result in a decline in borrowing rates for government and corporate entities. The Reserve Bank of India said there is around INR3.62tn ($49bn) worth of the banknotes in circulation as of the end of next March.

Bankers are anxious about the operational challenges of exchanging the ₹2,000 currency notes and are keen not to repeat the mistakes of the first few days of demonetisation in 2016. Although this time the percentage of notes being exchanged is much smaller, banks will have to deploy staff and are likely to provide a separate exchange counter for the exercise.

Several large global structured credit and special situations funds are among potential bidders for the distressed airline. However, it is unlikely there will be many bidders for the airline, so all efforts are being made to bring in a good strategic investor through the National Company Law Tribunal route.

Some 61% of the 234 money managers, analysts and traders surveyed said they expect to increase exposure to developing assets in the next 12 months, even as concern mounts about a potential downturn and the Federal Reserve's path ahead. The asset class, they say, stands to offer shelter if the central bank's fight against inflation tips the US into a recession.

Even if a deal is struck before the last minute, the long uncertainty could drive up borrowing costs and further destabilize already shaky financial markets. It could lead to a pullback in investment and hiring by businesses when the U.S. economy is already facing elevated risks of a recession and hamstring the financing of public works projects.

​Nifty has a strong base around 18,050, which also coincides with the support zone of the short-term moving average. Its sustainability would fuel gradual recovery and help the index to retest 18,500- 18,700. In case of a breakdown, 17,850 would offer cushion.

Transworld holds a 70.44% stake in SSL. The delisting is expected to give Transworld greater operational and financial flexibility. The price for the delisting will be determined through the reverse book-building mechanism. NovaaOne Capital is the manager of the delisting process. The delisting is subject to various conditions.

Investor meets are considered a soft indicator of their interest in the stocks, and in many cases in the past, institutional holding rose in those stocks post the meetings.

TVS Motor Company has broken out of a consolidation range on weekly charts in May, allowing it to surge towards Rs 1,300 ($17.43) within the next one to two months. On the daily scale, the stock is on the verge of a Pole & Flag breakout pattern. However, the stock is nearing overbought levels; hence, some consolidation could be seen in the near term. The Relative Strength Index is at 69.4. RSI below 30 is considered oversold and above 70 is considered overbought.

The Securities and Exchange Board of India (SEBI) proposed in a consultation paper late on Sunday that if a share in the futures and options segment falls or rises by 10% a day, trading would be suspended for an hour, up from the current 15 minutes, and then allowed to move only a further 2%, down from the current 5%.

InterGlobe Aviation, SpiceJet, Jet Airways, and Global Vectra Helicorp are companies listed on Indian stock exchanges. InterGlobe Aviation has a 55.7% market share, SpiceJet has 6.9%, and Jet Airways is currently non-operational due to financial problems. Emkay Global Financial Services has recommended purchasing shares of InterGlobe Aviation with a target price of Rs 2,700. The last traded price of its shares was Rs 2,264.35. Global Vectra Helicorp issued shares for Rs 185 but its last traded price was Rs 59.45. SpiceJet was traded at Rs 29.20 with a 52-week high and low of Rs 52.45 and Rs 26.35, respectively.

While interest rate cycles impact every sector, some sectors are relatively less impacted by rising interest rates. One of the biggest advantages of a service sector company is that they work on an asset light model which brings them in that category.

The Supreme Court-appointed expert committee investigating Adani Group's shares trading prior to the Hindenburg report's release found no evidence of price manipulation by firms linked to the group. However, the committee has identified six entities, including four FPIs, for suspicious trading, with a build-up of short positions in the Adani Group shares before the release of the negative report. The committee found substantial profits were booked as Adani shares crashed after the report's publication, and further investigations are being carried out in respect of the trading of the identified entities.

Amid improvement in global markets sentiment, equity benchmarks ended on a positive note on Friday. Sensex and Nifty ended 0.48% and 0.41% higher, respectively, with Nifty ending the week above 18,200 levels. Global equities on Friday hit a one-month high as there have been increased hopes of a US debt ceiling deal that could indeed avoid a potentially disastrous default. On a weekly basis, Nifty ended with a cut of 0.61%.From the Nifty pack, top gainers were Adani Enterprises, Adani Ports, Tata Motors, Tech Mahindra and Infosys, while laggards included stocks like Divi’s Labs, Britannia, Tata Consumer Products, NTPC and ONGC.“Both price and momentum indicators suggest there could be further up moves over the next few trading sessions. In terms of levels, 18300 – 18350 is the immediate hurdle zone while 18100 – 18050 shall act as a crucial support zone. Overall, we still believe that the Nifty is in a consolidation mode and the range of consolidation is likely to be 18000 – 18400,”Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.Here are stock recommendations for Monday:

While interest rate cycles impact every sector, some sectors are relatively less impacted by rising interest rates. One of the biggest advantages of a service sector company is that they work on an asset light model which brings them in that category.

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 three 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".

PE ratio is one of the most overused as well as misused ratios. It is used by all and sundry to justify their valuations and create a mirage of value. Right from investor presentations to research reports, one finds its mention everywhere. But is this the right matrix to look at?

Several widely tracked companies such as ITC, SBI, Bharti Airtel, Bank of Baroda and Power Grid Corporation declared dividends in their January-March quarter results. Here is a list of 9 largecap firms that declared dividends in Q4:

Six of the top 10 most valued companies witnessed a decrease of Rs 70,486.95 crore in their market valuation last week. The weak trend in equities caused Reliance Industries and Tata Consultancy Services (TCS) to suffer the biggest loss. ICICI Bank, Hindustan Unilever, Infosys and Bharti Airtel were the only gainers while Reliance Industries continued to dominate the list of most valued firms followed by TCS, HDFC Bank, ICICI Bank, Hindustan Unilever, Infosys, ITC, State Bank of India, HDFC Bank, and Bharti Airtel.

Foreign Portfolio Investors (FPIs) have invested Rs 30,945 crore in the Indian equities in May, taking net inflows to Rs 16,365 crore this year, according to data from depositories. Experts believe the investment trend will continue, given India's bright prospects for economic growth and corporate earnings. The pause in Reserve Bank of India's rate hike was the main trigger for inflows, according to Divam Sharma, founder at Green Portfolio PMS. FPIs have also been buyers in sectors such as autos, capital goods, FMCG, healthcare, telecom, real estate and oil & gas.

Several widely tracked companies such as ITC, SBI, Bharti Airtel, Bank of Baroda and Power Grid Corporation declared dividends in their January-March quarter results. Here is a list of 9 largecap firms that declared dividends in Q4:

The Reserve Bank of India (RBI) is expected to maintain its pause on monetary tightening through FY24, despite markets anticipating rate cuts. Soft inflation, real policy rates above 1%, easing external balance pressures and global monetary tightening at its peak have signaled a dovish turn by the RBI MPC, but concerns over monsoon and oil prices and resilient growth could cause further pause. Liquidity conditions are expected to ease in 2QFY24 with government spending trends continuing, but tighten yet again in 2HFY24 with seasonally higher currency in circulation leakage. The focus is on how the RBI will manage liquidity conditions and policy stance.

Several popular companies such as ONGC, M&M, Vodafone Idea, HUDCO, Shree Cements, BPCL, LIC, Nykaa, and Hindalco among others, are expected to release their quarterly earnings report later this week. The list of companies to report their results on each day include names such as Ashok Leyland, Sun Pharma, Aditya Birla Fashion and Retail, Grasim Industries, Radico Khaitan, Finolex Industries, and Hindustan Tin Works amongst others, during the period of May 22-27.

"When it comes to determining the price of an option, the current market price of the underlying asset is the key factor. When it comes to call options (right to buy), as the market price of the underlying asset rises, the value of the call option usually follows suit. Conversely, for put options (right to sell), as the market price of the underlying asset drops, the value of the put option generally increases."

The persistent bearishness towards equities could be fuelling a market rally in stocks, as investors who bet against the market are forced to unwind their positions. Despite the S&P 500's 17% rally since October, sentiment among money managers remains low, and their cyclical holdings are at their lowest level since October, according to Goldman Sachs. Hedge funds are sticking to their guns by betting on safe stocks such as technology and shedding their investments in banks and economically sensitive shares. However, even the hint of good news, such as progress towards debt-ceiling talks, has the power to spark a market rally.

Volatility is expected in the Indian stock market as investors react to RBI's decision to recall Rs 2,000 banknotes. A number of companies will release their quarterly results in the coming week which should drive individual stock prices. The US Federal Reserve will reveal the minutes of its meeting and discussions around the raising of the debt ceiling in the US will be closely watched. The week will also see the expiry of the May derivative series, which will likely create market volatility.

Chair Jerome Powell indicated Friday that the Federal Reserve will likely forgo an increase in its benchmark interest rate when it meets in June for the first time since it began raising its key rate 14 months ago to fight high inflation. In signaling so, Powell provided some clarity about the Fed's likely next policy move after a cacophony of speeches this week by central bank officials had clouded the picture.