Ten entities have been fined by the Indian capital markets regulator, Sebi, for engaging in non-genuine trades in the illiquid stock options segment on the BSE. These trades were observed to have led to artificial volumes on the exchange, which in turn violated regulatory norms. The ten entities penalized are among those who indulged in the reversal trades. Allied Financial Services Pvt Ltd, a registered member of the NSE and a depository participant of NSDL, has been cancelled

Given the mixed set of earnings reported by some of the sector majors, Indian equity benchmarks continued to languish for the third straight session on Thursday. Nifty gave up another 52-odd points and settled below 18,150 levels. Bank Nifty, on the other hand, emerged as an outlier and ended with mild gains.From the Nifty pack, top gainers were Bajaj Finance, Kotak Mahindra Bank, Bharti Airtel, ICICI Bank and Asian Paints, while laggards included stocks like Divi’s Labs, Adani Ports, SBI, ITC and Titan.“The recent swing high of 18458 level could now be considered as a new higher top of the sequence and the current weakness seems to be in line with the new higher bottom formation as per daily timeframe chart. At the lower levels, the Nifty is expected to find support around 18000-17950 levels before showing upside bounce from the lows in the next 2-3 sessions,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are the stock recommendations for Friday:

On Thursday, the Sensex benchmark index declined by 129 points, settling at the 61,431 mark. However, amid this market downturn, five stocks from the BSE midcap index managed to reach new 52-week highs. The 52-week high holds significance for certain traders and investors as a crucial technical indicator for evaluating a stock's present worth and for predicting future price trends. It represents the highest price at which a stock has traded within the past year

The Federal Reserve is widely expected to hold rates steady at its next meeting, but this could be a mirage as inflation is cooling and other concerns abound. The stock market has held steady in recent weeks despite other concerns, but history suggests that a rate cut is more likely in the near future.

Nuvama Quantitative and Alternative Research has identified at least 8 stocks that could make an entry into the large-cap category during the upcoming market capitalisation-based categorisation review by the Association of Mutual Funds in India (AMFI). These include IDBI Bank, two others - Punjab National Bank and Canara Bank - and recently listed Mankind Pharma

The Dow Jones Industrial Average fell 46.21 points, or 0.14%, at the open to 33,374.56.

ETMarkets has conducted an analysis of top 7 equity-linked saving schemes (ELSS) using ET Mutual Fund screeners, revealing their returns of over 15% in the past year. The analysis focuses on the top holding stocks of each scheme, indicating that a majority of these funds are invested in sectors such as financials, technology, automobile, and energy. Tax-saving mutual funds are those which invest at least 80% of their assets in equities. The tax-saving mutual funds are essentially equity-linked saving schemes (ELSS) that offer tax benefits to investors under Section 80C of the Income Tax Act, 1961

Sebi is proposing to tweak the definition of unpublished price sensitive information (UPSI) to bring regulatory certainty and uniformity in compliance for the listed companies in respect of the identification of certain events as UPSI. The proposal came after the regulator noticed that "judgment exercised by the listed entities in terms of the categorising announcement as UPSI and consequent compliance with the spirit of the law, are not found to be adequate". In its consultation paper, Sebi suggested that the current

Oil prices eased on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling. The main crude benchmarks settled more than $2 higher on Wednesday due to strong April U.S. economic data and optimism surrounding negotiations over the U.S. debt ceiling. A debt agreement needs to be reached and passed by both chambers of Congress before the government runs out of money to pay its bills, which could be as soon as June 1.

Nifty on Thursday formed a lower top formation on intraday charts and also formed a bearish candle on daily charts. This indicates that the market is weak and may not be able to sustain the highs. Chartists said confirmation of strength could be seen only above the key hurdle at the 18473 mark.

Sebi has sent a notice to fugitive businessman Mehul Choksi asking him to pay Rs 5.35 crore in a case pertaining to fraudulent trading in the shares of Gitanjali Gems Ltd. If Choksi fails to make the payment within 15 days, Sebi will recover the amount by attaching and selling his moveable and immoveable property, as well as his bank accounts.

ITC has announced a final dividend of Rs 6.75 per share and a special dividend of Rs 2.75 per share for the financial year ended March 31, 2023.

The Indian equity markets reversed their gains on Thursday and closed in the red for the third straight day. The main drag on the markets was profit booking, with ITC, SBI, and L&T all falling significantly. Among individual stocks, Restaurant Brands Asia (RBA) was the biggest winner, with reports that a consortium of private-equity firms is in talks to buy the company's entire stake. Elsewhere, Honeywell Automation and Sector-wise, the PSU banks and

Closing Bell: Sensex extends losses to 3rd day, ends 129 pts lower; Nifty below 18,150; SBI, ITC shed 2% each.

Stock selection is greatly influenced by the profits generated by companies. When these profits are earned and reinvested into the business, they contribute significantly to the company's expansion. ETMarkets analyzed quarterly results of small-cap stocks that became profitable in the March quarter compared to last year when they had incurred losses. Out of 13 stocks that met this criterion, eight stocks not only yielded positive returns in the one-year period but also rose between 18-100% (Data Source: ACE Equity). Take a look

The stock of Restaurant Brand Asia hit the 20% upper circuit at Rs 128.4 on BSE amid media reports that a consortium of private-equity firms, including Advent and General Atlantic, and Jubilant Foodworks are among entities in talks to buy Everstone's entire stake in Restaurant Brands Asia. It is learnt that Everstone is in talks to offload its entire stake in Restaurant Brands Asia, which is the operator of fast food chains like Burger King.

Kotak Institutional Equities has initiated coverage on Kfin Technologies with a Buy rating and target price of Rs 400. The brokerage firm believes that KFin Technologies has multiple growth levers beyond the duopolistic MF registry market and that its strategy to accelerate growth (organic + M&As) will augur well in building scale across diversified offerings. KFin is a multi-product, multi-geography diversified financial services infrastructure company with solutions to assets managers, alternate investment funds,

In the last three years, white goods companies have been hit by headwinds, including covid lockdown and supply chain disruptions. In 2023, another headwind, a delayed summer in part of northern India. However, is all this built into prices ?

Pidilite Industries is a leading manufacturer of adhesives and sealants, construction chemicals, crafts products, DIY products, and polymer emulsions in India. The maker of Fevicol also boasts of popular products like M-Seal, Fevikwik, Fevistik, Roff and Dr. Fixit Fevicryl. The stock has been strong and has given returns of more than 20% over a 12-month period outperforming the Nifty

An advisor recommending products to clients should constantly check if the recommended product is reflecting what it was supposed to do or follow. For instance, a large-cap fund should consistently reflect higher allocation to large cap stocks, similarly, a fund that stated its intention to pursue “value” strategy has to consistently reflect that style. Not reflecting those characteristics exposes the clients to unwanted risks. It is also important to define a style. For instance, how do you define “value” and why

On the list is an insurance major which after coming under pressure post budget has seen an up move. These companies have come on the list because their scores have inched up and also their prices have moved up in the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

IndusInd Bank rose more than 7% in a week, which helped the stock to break out from an inverse head and shoulder pattern on the daily charts and that has opened room for the stock to head towards Rs 1,300-1,600 levels in the short-medium term.

The Nikkei stock market in Japan rose for a sixth consecutive session on Thursday, as investors cheered chipmaking investment plans and reasonable April trade data. The gains are the second such winning streak for the Nikkei in as many months as stocks surf a wave of buybacks and enthusiasm about governance reform. The Nikkei jumped 1.6% to close at 30,573.93, also posting its biggest daily gain since March 22. The broader Topix jumped 1.

In the Q4 earning season where as IT sector results have pushed the market southward it has been financial service stocks including banks and other players which have been able to help nifty recover. On days when global markets are under pressure and nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks which are announcing their Q4 result. We take a look at what analysts are saying for select financial service stocks.

Jubilant Foodworks shares recovered after plunging over 5% in Thursday's opening trade. The company reported a lackluster Q4FY23 earnings on Wednesday. The quick service restaurant chain operator reported a 59% year-on-year decline in its standalone net profit at Rs 47.5 crore for the quarter ended March. It was Rs 116 crore in the same quarter last year. The company, which owns the master franchise of Domino's Pizza in India and a few other countries, posted

Honeywell Automation's (HON) stock surged 9% in Thursday's intraday trade on BSE after the company posted a 54% year-on-year (YoY) jump in consolidated net profit at Rs 112.03 crore for the fourth quarter of financial year 2023. In the corresponding quarter last year, the company posted a net profit of Rs 72.67 crore. Honeywell's consolidated revenue stood at Rs 849.68 crore during the period under review

In the last year, the stock performance of SpiceJet and InterGlobe Aviation have been very different. InterGlobe Aviation, which runs India's largest carrier Indigo, has given about 39% returns in the last year, while shares of SpiceJet have fallen by the same amount. The stellar performance by InterGlobe stock has been on the back of consistent buying by both mutual funds and foreign portfolio investors. Mutual funds have been increasing their ownership in Indigo's parent consistently in the last 4 quarters

SBI is a PSU bank stock that is under investor radar as it is set to report its March quarter numbers later in the day. Street is factoring in a strong double-digit growth in both loan book and net interest income with Motilal Oswal's profit growth estimate going as high as 66.4%. Motilal Oswal sees healthy traction in loan growth but all eyes would be on the outlook. Kotak Equities predicts that SBI will see stable net interest margin

Domestic fund houses have increased their stakes in most of the new-age internet stocks during the month of April. These funds have aggressively shopped for Delhivery, Nykaa and Zomato. Delhivery is among the prominent additions of both Franklin Templeton Mutual Fund and SBI Mutual Fund. While Franklin added Delhivery stock worth Rs 99 crore, SBI Mutual Fund bought shares worth Rs 449 crore. Domestic funds have raised their combined stake by 5.

Shares of Jindal Stainless and Jindal Saw rallied up to 13% in Thursday's trade on BSE after the firms reported their Q4 results. Jindal Stainless reported a 13% year-on-year (YoY) decline in consolidated net profit at Rs 765.8 crore for the fourth quarter ended March 31, 2023, due to higher expenses. In the corresponding quarter last year, the company posted a net profit of Rs 878 crore. In the March quarter, total revenue stood at

Vedanta Ltd is a multinational mining company with operations in India, Australia, South Africa, and the United Kingdom. The company announced that its board will meet on Monday, May 22 to consider and approve the first interim dividend of FY24. The shares of this multinational mining company were trading at Rs 283.15, up Rs 3.70 or 1.32%. The record date for the purpose of determining the entitlement of the equity shareholders has been fixed on May 30, 2023, the

1. CLSA maintained a buy rating on REC and Devyani International. 2. Macquarie has a neutral rating on Thermax and an underperform rating on Jubilant FoodWorks. 3. Jefferies maintained a hold rating on Oberoi Realty. 4. CLSA on REC: Buy| Target Rs 160 5. CLSA on Devyani International: Buy| Target Rs 205 6.

"MGL is the cheapest CGD stock with an attractive valuation of 11.5x/10.5x FY24E/FY25E EPS. We have Buy rating on MGL with a PT of Rs. 1,285. Inorganic foray (UEPL acquisition) is expected to allay the concern of weak volume growth versus peers and sustained strong volume growth could drive valuation re-rating for MGL," Abhijeet Bora, Associate Vice President at Sharekhan by BNP Paribas, said.

Sensex jumps over 300 points, Nifty nears 18,300; Jindal Saw surges 7%, Vedant Fashions tanks 4%; YES Bank, Rail Vikas Nigam, Ircon International are some of the gainers in morning trade.

The price of this company has increased by 34% since the start of April. Although it is a strong up-move and shows the strength in the stock, such a vertical rise is difficult to sustain. Now the price has formed a bearish-engulfing candlesticks pattern which suggests some correction can be expected. Overall the market conditions also support the bearish view in price.

The Indian market is expected to edge higher on Thursday tracking positive global cues. The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 18200 levels on Wednesday. India VIX was down by 1.39% from 13.29 to 13.10 levels on Wednesday. Volatility had risen in the initial part of the day which awakened the bears but closed lower. On the options front, the weekly maximum Call OI is placed at 18400 and

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.24 per cent, higher at 18,275.5, signaling that Dalal Street was headed for positive start on Thursday. 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 1000 crore, six stocks crossed their previous 5-year high value at the close on May 17, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

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 Poonawalla Fin and Grasim while Nooresh Merani has a buy/sell recommendation on Indusind Bank and Gujarat Gas for today's trading session. Check out the targets and stoploss.

On Wednesday, President Joe Biden and top US congressional Republican Kevin McCarthy underscored their determination to reach an agreement soon, pledging to negotiate directly on a deal amid estimates the Treasury could run out of money by the start of June.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, four stocks closed above their 200 DMAs (Daily Moving Averages) on May 17, 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.

The Wall Street Journal reports that the United States and its key political allies are close to a deal to raise the debt ceiling and avert a disastrous default. This news is reassuring to investors, who have been pushing stock prices higher. The MSCI Asia Pacific Index rose 0.78% on Thursday.

On Wednesday, the markets showed a decline for the second day with the Nifty ending the session with over half-a-percent loss. Almost the whole day was spent by the headline index in the negative territory.

The U.S. stock market rose sharply on Wednesday, with the Dow Jones Industrial Average (DJIA) rising 1.24%, the S&P 500 gaining 1.19%, and the Nasdaq Composite gaining 1.28%. The rally was fueled by optimism over a potential deal on the $31.4 trillion federal debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector's troubles. President Joe Biden and top U.S.

M M Forgings posted multifold growth in net profit at Rs 30 crore for the quarter ended March. Revenue for the quarter stood at Rs 387 crore.

"We are not granting an indefinite extension of time. If there is some genuine difficulty, you let us know," the bench headed by chief justice DY Chandrachud told solicitor general Tushar Mehta, who appeared for Sebi. "We could have given you time till September 30... but on August 14, tell us which stage are you in. Give us an updated report on the status of the investigation."

Shares of the Mumbai-based mortgage lender tanked as much as 7.5% in Wednesday's trading before closing the session at ₹370.75 on the NSE, down 6.07%.

SBI Funds has also been advised by the RBI to acquire requisite shareholding in HDFC Bank within a period of six months, ending November 15, 2023.

"As the lender cleans up its books and brings its stage 3 assets under control, I feel we will see demand for this scrip," said Rahul Thalia, director of Sarffin Financial Advisors. "Already valuations have risen in the past two months, though we are seeing demand for this scrip settle at ₹630 apiece at the moment."

CBRE's report on the Indian hospitality sector says that investments in the sector are likely to exceed $2.3 billion over the next two to five years. This growth is expected to continue for the next few years, with all industry key performance indicators (KPIs) exceeding pre-pandemic levels. The report also says that international hotel chains are investing in the sector, looking to tap into the growing demand for hospitality services.