Shares of Capital One Financial Corp increased by 2.1% after billionaire investor Warren Buffett's Berkshire Hathaway acquired 9.92 million shares in the bank, worth $954m, according to the latest regulatory filings. Capital One's stock rose to $90.95 per share, its highest since 1 May. Despite losing around 17% since early March, the bank's stock is predicted to rebound, as Morgan Stanley and Bank of America analysts have said US regional bank stock selloffs have been overdone, and Western Alliance Banks will be able to absorb deposit outflows effectively.

On Tuesday, the markets came under a bout of profit-taking with the Nifty ending the day with a loss of three-fifths of a percent. The index had opened on a good note hitting a high point in the early minutes of the trade. The Bank Nifty remained upbeat, though.

In the Nifty500 pack, five stocks 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 16.

Indian market closed in the red on Tuesday after a 2-day winning streak, following mixed global cues. The S&P BSE Sensex fell by over 400 points, while the Nifty50 closed above 18200. Buying was seen in public sector, power, and capital goods stocks, while auto, healthcare, banks, and FMCG names experienced selling. PVR Inox fell more than 2%, HUDCO increased nearly 7%, and Aurobindo Pharma closed with gains of over 4%. Analysts suggest selling PVR on the rise and buying HUDCO and Aurobindo Pharma at current levels or on dips.

Asian shares were subdued due to investors remaining risk-averse and the mixed set of economic data. MSCI's index of Asia-Pacific shares was down 0.20%, with Australia's S&P/ASX 200 index also down 0.56%. Moreover, prices of crude oil fell as a surprise rise in U.S. crude inventories stoked demand concerns following weaker-than-expected economic data from the U.S. and China. The dollar, however, rose 0.01% to 102.61. Raphael Bostic, the Atlanta Fed president, said the Fed will stay 'super strong' in fighting inflation, while the Chicago Federal Reserve President Austan Goolsbee said it was too early to discuss interest rate cuts.

Disappointing forecasts from Home Depot and soft April US retail sales data led to US stock indexes closing lower on Tuesday, with sentiment hit by uncertainty around interest rates and debt limit negotiations. Home Depot was one of the biggest drags on the Dow Industrials and S&P 500 after it cut its annual sales forecast and projected a deeper-than-expected decline in profit. Recent data indicates slowing in the US economy after a string of rate hikes by the Federal Reserve to fight high inflation.

Bharti Airtel reported a 50% YoY rise in the consolidated net profit for the quarter ended March to Rs 3,006 crore. Consolidated revenue grew 14.3% YoY to Rs 36,009 crore

Russian energy company Rosneft is reportedly looking to develop a greenfield refinery in India in partnership with state-owned local refiners. India's state-run refiners are pursuing a new project as they scale-down plans for a proposed $44bn refinery on the country's west coast.

Bombay Dyeing & Manufacturing’s ability to service its debt during fiscal years 2024 and 2025 has raised concerns, according to Care Ratings. Delays in raising Rs 940 crore through rights issues and asset monetisation have caused the issues. The Wadia group company has scheduled debt repayment of Rs 3597 crore between FY 24 and FY25 with scheduled payments of Rs 942 crore in FY24 and Rs 2655 crore in FY25.

"We are still debating about how to infuse capital into the housing finance company. The debate is whether we should infuse capital or we should unlock the value by diluting 10-20% of our holding, or go for an initial public offer. We are not yet clear about the path we want to take," Shriram Finance Managing Director YS Chakravarti told ET.

The relaunch is a fresh attempt by the exchange under the new management led by Sundararaman Ramamurthy to revive its fortunes and capture a pie of the market share dominated by rival NSE. But brokers, traders and market participants are doubtful if this fresh thrust alone will be enough to bring the listed BSE back into the game in a big way.

Executives from banks including the nation's three biggest - JPMorgan, Bank of America and Citigroup - are spreading the word inside Washington's corridors of power, and sometimes even publicly, that the damage to US businesses and the economy will start well before a technical default.

Data indicating further softening of economies in Europe and Asia as well as heavy attacks by Russian forces on Ukranian capital Kyiv also deterred investors from making aggressive bets.

On April 14, Singapore Exchange (SGX) issued a notice saying full-scale operation of the NSE IFSC-SGX Connect with the transition of SGX Nifty derivatives to NSE IFSC will take place on 3 July 2023.

Experts suggest that Ashok Leyland, a commercial vehicle company, has broken out from a falling trendline, indicating a potential move towards a new record high of Rs 170. Traders can buy the stock in the range of Rs 150-155 and hold for 2-4 months, as the stock is now trading above most of the short- and long-term moving averages.

The Securities and Exchange Board of India (SEBI) has proposed the granting of special board nomination rights to unitholders of REITs and InvITs, according to a consultation paper. SEBI has recommended a unitholders council for decision-making and proposed the introduction of a framework for self-sponsored REITs and InvITs. Currently, unitholders of such securities lack control over operations. In its consultation paper, the regulator noted that special or differential rights via board nomination are proposed to be granted to certain investors via the offer document.

"Within the auto space, Ashok Leyland stock has also started witnessing traction, after forming a base around the support zone of 100-EMA on the weekly chart. And, it has also crossed the trendline hurdle, which is further adding to the positivity," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, said.

The market regulator has proposed to include multistate cooperatives with net worth of more than Rs 500 crore, non banking financial companies and housing finance companies, pension Funds (including overseas pension funds, NPS Trust, Employee Provident Fund Organization), refinancing agencies such as MUDRA,reinsurance companies, small finance banks and other SEBI regulated entities with net worth of more than Rs 500 crore

Weighed down by selling pressure in index heavyweights HDFC twins, and Reliance, Sensex ended Tuesday’s volatile session with losses. Nifty settled a tad below 18,300 points, shedding 0.61%. Sector-wise, most indices ended in the red, except for Nifty PSU Bank, Nifty Consumer Durables and Nifty IT.“Over the short term, it is expected that the Nifty will continue to exhibit weakness and could potentially drift towards the support level of 18200. A decisive drop below this support level may trigger additional selling pressure in the market. On the upside, resistance is observed at 18300 and 18500,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are the stock recommendations for Wednesday:

About 25 minutes into trading, the Dow Jones Industrial Average was down 0.5 percent at 33,177.67.

On Tuesday, benchmark index Sensex experienced a decline of 413 points, bringing it to the level of 61,932. Even though the market faced a downturn, four stocks from the BSE commodities index managed to record new highs for the 52-week period. This particular milestone holds significant importance for certain traders and investors, as it enables them to evaluate the present worth of a stock and anticipate its future price fluctuations. Essentially, the 52-week high signifies the highest price at which a stock has traded during the past year

Debt mutual fund schemes saw a huge INR1tn ($14.7bn) inflows in April, compared with outflows of around INR57,000 crore ($8.3bn) in March, according to the Association of Mutual Funds in India (AMFI). Liquid funds accounted for the lion's share with INR63,219 crore inflows, but ultra short duration funds and money market funds also received a strong response. India's central bank paused repo rate hikes in April in a sign that the regime of increases may be ending, prompting investors to lock-in high interest rates.

As of Monday, Capital One shares had lost around 8% so far this month, as financial stocks felt the effects of First Republic Bank's collapse.Besides credit cards, the McLean, Virginia-based Capital One also has a huge auto lending and commercial banking business

The Dow Jones Industrial Average falls 73.23 points, or 0.22%, at the open to 33,275.37.

The National Stock Exchange of India has been granted regulatory approval to remove Nifty50 futures from the Singapore Exchange, however, investors who use SGX Nifty as an early indicator will not be impacted. All trades on Nifty 50 futures on the Singapore Exchange will be taken over by the NSE IFSC Exchange and it's subsidiary NSE IFSC. The SGX Nifty positions will be converted to NSE IFSC Nifty positions on a conversion ratio of 1:1.

From July 3, SGX Nifty will be renamed as GIFT Nifty, as all Singapore Exchange orders are transferred to National Stock Exchange (NSE) IFSC bourse for matching. NSE IFSC is a wholly-owned subsidiary of NSE, and is an exchange at International Financial Service Center (IFSC) in GIFT City, Gujarat. The transition of SGX Nifty derivatives to NSE IFSC is intended to enable investors to trade in dollar-denominated Nifty futures contracts in GIFT City, as well as access to real-time market data. This move is currently regulated by the Monetary Authority of Singapore (MAS) and International Financial Services Centres Authority (IFSCA).

India's headline equity index Nifty closed below the 18,300 mark, forming a bearish engulfing candlestick on the daily chart to finish 112 points down. Chandan Taparia of Motilal Oswal noted that the Nifty had to hold above 18,250 zones to witness an upmove towards 18,400 and 18,442. Experts said that technically, a reversal formation and bearish candle on daily charts suggest profit booking may continue with resistance at 18,400. The index could drop to test the level of 18,200 and may fall up to 18,150, according to Kotak Securities' Shrikant Chouhan.

Four domestic fund houses have reduced their exposure to ITC, one of the top holdings of many mutual funds, in April, despite the stock hitting all-time highs. Nippon India MF sold a stake worth INR157cr ($21m) in the FMCG conglomerate, while ICICI Pru MF has offloaded stocks worth INR426cr. SBI Mutual Fund and Tata Mutual Fund sold shares worth INR376cr and INR118cr, while only Sundaram Fasteners MF has added a stake worth INR43cr. Overall, mutual funds combined have decreased their holdings in ITC by 6.1 million shares.

ICICI Securities has suggested 19 stock ideas to invest in realty and capex themes, citing a broad-based upcycle in the area as one driver. The brokerage predicted the end of the interest rate hike cycle would trigger further investment and that a recent expenditure push by the Indian government had fuelled real estate investments. It cited data indicating that household investments in real estate had contributed hugely to the post-pandemic economic rebound alongside strong aggregate sales. The report also noted robust real estate absorption, with resilient real estate prices driving absorption, and a trend towards robust real estate demand by households.

Changes in taxation for debt mutual funds have led to a shift in investment strategy for high net worth individuals. Debt funds no longer offer the same high post-tax return and diversification, requiring investors to look for alternative investments to diversify their portfolio risks. Advisors suggest a three-part investment strategy to replace debt funds that includes high quality debt investments, domestic equity exposure, and other uncorrelated assets like high yield debt instruments, hedge funds, and more. It is expected that the third component will generate around 7-9% post-tax basis and new markets will emerge, though investors may have to sacrifice liquidity.

Index funds are basically an index of specific stocks - listed under a particular fund. It tracks the performance of a specific index - Like nifty, nifty50, sensex etc. Watch the video to know more.

Gujarat Themis Biosyn, an India-based pharma firm, has announced a 1:5 stock split and a dividend of Rs 1 for the financial year ended March 2023. The company plans to subdivide one equity share of face value of Rs. 5 into five parted equity shares worth Rs. 1 each. Shareholders who hold the stock until the record date will receive the new shares in their demat accounts. The company's stock price has tripled in the last two years, generating attractive returns for investors.

The 30-share BSE benchmark Sensex declined 413 points or 0.66% to settle at 61,932. The broader NSE Nifty fell 112 points or 0.61% to end at 18,286.

Closing Bell: Fag-end selling drags Sensex 413 pts lower; Nifty below 18,300; Jubilant Ingrevia tanks 6%, PB Fintech gains 4%.

Foreign investors' exposure to banking, financial services and insurance (BFSI) stocks reached a 26-month high of 34.2% in April, while local fund houses raised their exposure to non-banking financial companies (NBFCs) to a 38-month high of 8.3%. This is due to macroeconomic improvement, including a peaking interest rate cycle, low corporate debt-to-GDP ratio, and easing inflation, attracting institutional investors to BFSI stocks. Investors are opting for NBFCs due to the peaking interest rate cycle favoring companies with shorter duration of borrowings. Indian financial stocks received nearly a billion dollars from foreign portfolio investors in April 2023.

Debt mutual fund schemes saw a huge INR1tn ($14.7bn) inflows in April, compared with outflows of around INR57,000 crore ($8.3bn) in March, according to the Association of Mutual Funds in India (AMFI). Liquid funds accounted for the lion's share with INR63,219 crore inflows, but ultra short duration funds and money market funds also received a strong response. India's central bank paused repo rate hikes in April in a sign that the regime of increases may be ending, prompting investors to lock-in high interest rates.

Jefferies has retained its buy rating on Polycab with a revised target price of INR 4,290, indicating a potential return of 25% from the present market price of INR 3,425, citing the cables and wires manufacturer's consistent execution over recent quarters along with robust operational performance in Q4 2023. The brokerage company also reported that Polycab showed its highest-ever sales and PAT in FY23, led by sustained demand from private capex and government measures.

Reliance Jio Infocomm will further extend its market share, set to take its subscriber base to 490-500 million, helped by positive long-term market dynamics, according to a report by Bernstein Research. Reliance Jio has dominated the telecom industry since 2016, with a 44% market share expected to hit 47% by FY26. Its average revenue per user is targeting Rs 225 by FY26, driven by the 5G monetisation. Bernstein expects some private equity investors who bought into Reliance Jio in 2020 to push for an exit option, potentially initiating an IPO.

According to an analysis by ET Markets, Indian insurance companies have not fared well in the year 2023. All insurance company stocks have performed below the benchmark index Nifty, which has experienced a gain of approximately 1.6%. With the exception of Star Health and Allied Insurance, the stock prices of all other insurance companies have shown negative returns (Data Source: ACE Equity). However, it is noteworthy that most of these stocks exhibit more strengths than weaknesses in their SWOT analysis. In fact, these seemingly strong stocks have the potential for an upside ranging from 10 to 40%, as per Trendlyne data.

Bonds in the fixed-income security category are gaining a lot of popularity among retail investors because of their great features. I am Neha Vashishth from ET Markets, let's take a look key advantages of investing in bonds

Carborundum Universal, a capital goods manufacturer, is in a strong uptrend on all time frames, forming higher tops and bottoms, according to Axis Securities' Rajesh Palviya. The stock, which closed at INR1,140 ($15.20), is well placed above its SMAs and rising on all time frames, with support around the INR1,050-1,030 level. The company’s 1-year returns of over 56% have outperformed the Nifty50 on Trendlyne data, while Sharekhan maintains a ‘Buy’ rating on Carborundum Universal due to its good balance sheet, improving earnings outlook, and impressive FY2023 performance.

Despite challenges such as rising oil prices and a possible poor monsoon, India is emerging as a winner in the sluggish global environment, offering sustainable growth opportunities, according to a report by Economic Times. The banking system is well capitalised, with improving asset quality and the country's strong balance sheet continues to support growth. India also has plans for upcoming reforms in areas such as ONDC (online commerce), OCEN (credit to businesses) and decarbonisation. FY24 is expected to mark an inflection point for the country.

Some of the initial outperformers in the stock market rally which started after covid outbreak, were from the textile sector. The narrative was China plus one. With a number of companies getting benefits under the PLI scheme, interest on the street in this sector is still high. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.

Online food delivery platform Zomato is unlikely to be significantly affected by the government-led Open Network Digital Commerce (ONDC) in the near term given its larger scale and cost-competitiveness, says Kotak Institutional Equities. However, in the long term, ONDC's impact is less clear, the brokerage firm added. Zomato's variable cost of delivery per order is INR75 ($1), including delivery and other expenses, and a significant proportion of its other costs are related to customer and restaurant appeasement, the company said.

After a long gap, real estate stocks are back in action. Some are reacting to their Q4 numbers which in some cases are coming better than what the street had been expecting. 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.

Bajaj Finance's stock price has broken out of the double bottom pattern on weekly charts, suggesting a rise towards the INR 7,600 level in the short term, according to experts. The experts recommend buying the stock now or on a dip down to INR 6,500 for short-term traders. The stock price is trading well above important short and long-term moving averages on daily charts, indicating bullish sentiment, but is also near overbought levels, suggesting a potential pullback.

Tube Investment of India, Astral, and Suryoday Small Finance Bank saw shares rise up to 8% after reporting strong Q4 results. Tube Investment's standalone net profit rose 84% YoY to INR251 crore ($33.6m), while Astral reported a 45.5% YoY increase in net profit to INR205.7 crore for the same period. Suryoday Small Finance Bank reported a net profit of INR39 crore against a loss of INR48 crore YoY, due to renewed business momentum and improved asset quality.

Indian mutual funds continue to buy stakes in Adani Group companies despite an ongoing investigation by the market regulator Sebi and a Supreme Court-appointed committee into the Hindenburg issue. At least 17 mutual funds are exposed to the firm, which has seen buying from Invesco, Kotak Mahindra, NJ Mutual Fund and others in May. While Adani Enterprises saw the highest month-on-month buying, buying was also seen in Adani Ports and Adani Wilmar. Although shares in Adani Total Gas have fallen by 67% in the past year, the cement arm of the conglomerate saw buying interest from firms such as Franklin Templeton.

Multiplex chain operators PVR Inox saw their shares drop by over 4% following the announcement that the company recorded a loss of Rs 333 crore for the quarter ended March 31, 2023. Despite the loss, domestic brokerages Nuvama and Prabhudas Lilladher have retained their 'Buy' calls for the company. Nuvama has a positive view on the stock for the medium and long term, citing optimism that is backed by an improving line-up of Hindi movies and a strong pipeline for the overall cinema industry, across languages, in FY24.