The benchmark Sensex, saw an increase of 242 points on Monday, bringing it to the level of 61,354. This upward trend led to six stocks in the BSE capital goods index reaching new 52-week highs. This is a crucial technical indicator for some traders and investors who use it to assess a stock's present value and anticipate its future price movements. A 52-week high represents the highest price at which a stock has traded during the preceding year.

Indian equities ended Tuesday’s trade on a positive note for the eighth consecutive session, led by gains in IT, metal, and oil and gas stocks. Nifty at the close-ended near the 18,150 mark“Nifty has formed a small candle while on intraday charts, it is still holding higher bottom formation, which is broadly positive. In the near future, 18050-18000 would be the key support zone, while 18200-18250 would act as an immediate hurdle for the bulls. However, below 18000, the uptrend would be vulnerable,” Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities, said.Here are stock recommendations for Wednesday:

UCO Bank reported the highest-ever net profit of Rs 1,862.34 crore for the Q4, a 100.3% YoY rise. Its NII in Q4 came in at Rs 3,743.13 crore, up 13.44% YoY and its global business touched Rs 4,10,967.19 crore. Net NPA decreased by 141 basis points to Rs 2,018 crore, while the loan book in Q4 stood at Rs 1,61,629 crore, up 24.54% YoY. Punjab & Sind Bank's net profit grew 32.08% YoY to Rs 457 crore in Q4 while Newgen Software Technologies' net profit increased by 37% YoY to Rs 78.6 crore in the same period.

The European Securities and Markets Authority (ESMA) has withdrawn recognition of six clearing corporations in India from April 30. The regulator had requested supervisory powers over the clearing corporations, but Indian regulators resisted and ESMA subsequently de-recognised the firms. Under the European Market Infrastructure Regulation (EMIR), a central counterparty (CCP) from outside the European Union must have ESMA recognition to offer clearing services to members or trading venues. However, ESMA has given recognition to four more third-country clearing corporations from Malaysia, Taiwan, Colombia and Israel.

The Nifty formed a small bodied bullish candle with minor shadows, indicating that bulls are getting fatigued after the recent rally, according to chartists. The index has been making higher highs in the last six trading sessions, and supports are gradually moving up. The index must hold above 18,081 zones to witness a rise toward 18,250 and 18,300 zones while supports are placed at 18,081 and 17,887 marks. Option data suggests a broader trading range between 17,700 and 18,500 zones.

The brokerage firm Zerodha, that brothers Nithin and Nikhil Kamath founded in 2010, has disrupted the domestic market in a span of 13 years as one of the largest brokerages in India with 10 million clients. Nithin often shares tips and suggestions in nuggets on his Twitter handle for individual investors and brokers. Here, we have collated a few among those pearls of wisdom. (Source Twitter)

Titan is expected to deliver strong Q4 results, driven by a favourable base year and robust demand for wedding jewellery. The watches and wearables and emerging business segments also showed strong performance. According to five brokerages, Titan's profits could grow somewhere between 26% and 34%, while revenue is expected to rise by 25-29%. In Q4, Titan observed healthy, double-digit growth across all major segments. Moreover, the EBITDA margins are expected to expand, aided by strong operating efficiencies.

BSE Sensex rises 242 points or 0.4%, led by banking, financial, auto and IT stocks. The Nifty Midcap100 rises 0.97%, while the Smallcap100 gains 0.69%. Meanwhile, global stocks fluctuate as investors digested losses on Wall Street and waited for policy announcements.

Indian shares advanced on Tuesday, aided by broader gains across sectors on March-quarter earnings and foreign fund inflows, ahead of the U.S. Federal Reserve's interest rate decision on Wednesday. The benchmark Nifty 50 closed 0.46% higher at 18,147.65, while the S&P BSE Sensex gained 0.40% at 61,354.71. The gains were led by information technology, metals and oil and gas stocks, which rose over 1% each.

Indian Hotels’ shares rose by over 3% after the firm reported better-than-expected Q4 results. The hotel chain operator posted a net profit of INR3.28bn ($44m), up 343% YoY, with revenue growing 86% YoY to INR16.25bn. The company’s year-on-year revenue was a record INR59.49bn, with Motilal Oswal raising its FY24/FY25 EBITDA estimates by 5%/3% as a result of better-than-expected ARR and addition of new leased hotels. Jefferies and Motilal Oswal maintained their respective Buy ratings on the stock.

Sebi found that Future Corporate Resources Pvt Ltd (FCRL) along with 14 entities failed to make a public announcement of an open offer following the increase in the shareholding of FCRL in Praxis.

Indian Hotels’ shares rose by over 3% after the firm reported better-than-expected Q4 results. The hotel chain operator posted a net profit of INR3.28bn ($44m), up 343% YoY, with revenue growing 86% YoY to INR16.25bn. The company’s year-on-year revenue was a record INR59.49bn, with Motilal Oswal raising its FY24/FY25 EBITDA estimates by 5%/3% as a result of better-than-expected ARR and addition of new leased hotels. Jefferies and Motilal Oswal maintained their respective Buy ratings on the stock.

Eurozone's consumer prices in April rose 7% YoY, according to Eurostat. Though food prices fell marginally, energy prices rose at a modest pace of 2.5%. Core inflation, which excludes food and fuel, slowed down a bit to 5.6%, however, analysts believe the rise in inflation will pressurise the European Central Bank (ECB) to continue rate hikes. The ECB's meeting on Thursday in Frankfurt could end up with a 25 basis point or 50 basis point hike though an increase of 25 basis points is more likely.

The option premium pricing for ITM, ATM, and OTM is based on intrinsic and extrinsic values. Extrinsic value is determined by the Black Scholes model and the difference between the current market price and the strike price. ATM options have the highest extrinsic value while OTM options have the lowest. For ITM options, the premium is higher as the difference between CMP and strike price increases. Intrinsic values are added to ITM options. The premium for each option is determined by adding intrinsic and extrinsic values. Other factors affecting premium prices will be discussed in the next lesson.

Minda Corporation plans to approach the Competition Commission of India to increase its stake in automotive technology firm Pricol to up to 24.5%. Last February, Minda had purchased 15.7% of Pricol via over 1.91 crore shares from the open market, claiming it was a financial investment. Pricol chairman Vanitha Mohan and MD Vikram Mohan, however, hold 36.53% and have no desire to sell. The move comes despite competition in two-wheeler instrument cluster business.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, nine stocks crossed their previous five-year high value at the close on April 28, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

Benchmark index Sensex ended positively for seven consecutive sessions as of April 28. Only 13 stocks with a market capitalization of over Rs 500 crore, including big stocks like ITC, HPCL, BPCL, Adani Power, and Marico, have managed to achieve this feat and close in the green. Notably, 4 out of these 13 stocks have provided double-digit returns to their investors in the last 7 days (Data Source: ACE Equity). It is worth mentioning that all 4 stocks appear to be robust on SWOT analysis, according to Trendlyne data

Mahindra & Mahindra Finance's standalone net profit for Q4 FY22 rose 14% YoY to ₹684 crore, with net interest income standing at ₹1,723 crore, up 13% YoY. Total income rose 24% YoY to ₹3,057 crore for the reporting period, with disbursement for the quarter at ₹13,778 crore, up 50% YoY. Capital adequacy was 22.5%. Analysts at YES Securities and Motilal Oswal have reiterated 'buy' ratings on the stock.

After two weeks of straight up move, nifty witnessed a small phase of volatile movement but the bias of that volatility was bullish, clearly indicating that the equation is in favor of bulls. From an electrical goods producer which probably would be going through value unlocking to an infrastructure and construction player which after a long period of consolidation is making an attempt to get its mojo back. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

After a long period of time, the Indian IT sector is getting into “ each to its own” mode. Except for the fact that all the top companies have slowed the hiring, it is clear that each company is facing a different challenge when it comes to customers. 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.

CLSA has initiated an outperform rating on Kotak Mahindra Bank and a buy rating on UltraTech Cement, while Jefferies has maintained its buy rating on Indian Hotels post Q4 results. CLSA downgraded Kotak Mahindra Bank to outperform post-March quarter results and UltraTech Cement to underperform with a target price of Rs 2150 and Rs 7900, respectively. Jefferies sees an incremental demand driver for FY24 and Motilal Oswal maintained its buy rating post-March quarter results.

Despite reporting a 37% growth in net profit to Rs 271 crore for the March quarter, the stock of private lender RBL Bank fell 4.4% to Rs 154.6 in Tuesday's trade. In the same quarter, core net interest income grew 7% to Rs 1,211 crore on the back of a 17% rise in advances. Analysts have maintained a Hold rating with a target price of Rs 170, downgraded the stock to Neutral with a target price of Rs 185, and recommended a Buy with target prices of Rs 194 and Rs 195 for RBL Bank's shares.

Experts suggest that Sun Pharmaceuticals stock prices could exceed Rs 1,100 levels in the short term if current momentum continues, following a bounce back after retesting its 200-day moving average on the daily charts. Traders may consider accumulating the stock within the range of Rs 970-990. The pharma stock is trading above its 5, 10, 30, 50, and 200-day moving averages but below 20 and 100-day moving averages on the daily charts

IDFC First Bank's standalone profit rose 134% YoY to Rs 803 crore in the March quarter, driving the shares up 6%. The bank's net interest income in Q4 2022 totalled Rs 3,596.75 crore. Its gross and net NPAs improved, and provisions for FY23 reduced by 46% YoY to Rs 1,665 crore. The bank's asset quality remains high, and RoA improved from FY22's 0.08% to 1.13% in FY23. However, brokerage Nuvama retained its hold rating on the bank with a target price of Rs 60 as its retail loan portfolio and deposit franchise remain unseasoned and weak, respectively.

India's biggest mortgage financier, Housing Development Finance Corp (HDFC), has chosen Jefferies Financial Group to manage the sale of HDFC Credila Financial Services. HDFC may seek a valuation of up to $1bn for the unit as it aims to meet regulatory demands ahead of its merger with HDFC Bank. The Reserve Bank of India has given the newly-formed entity two years to trim its stake in Credila to 10%, with the sale mandate one of the largest managed by Jefferies in the market, according to unnamed sources.

Shares of Kotak Mahindra Bank fell up to 2% despite strong profit growth and highest QoQ NII growth. The decline may be attributed to investors' concern over the expected peaking of NIM in the next few months. However, brokerages hold a positive outlook on the stock with CLSA downgrading to outperform and other firms holding neutral to buy ratings with target prices ranging from Rs 1,860 to Rs 2,513. Motilal Oswal remains neutral with a target price of Rs 2,050, while Phillip Capital maintains a buy rating with a revised target price of Rs 2,200.

Nykaa's shares have lost 57% in value over the past year, with a 25% loss in the last six months. Competitors such as Tata Group, Reliance and Shoppers Stop now challenge Nykaa, and regulatory scrutiny over the company's bonus share issuance has further undermined investor faith. Five senior executives, including the Chief Commercial Operations Officer and the Chief Business Officer, have left Nykaa this year

CLSA has initiated an outperform rating on Kotak Mahindra Bank and a buy rating on UltraTech Cement, while Jefferies has maintained its buy rating on Indian Hotels post Q4 results. CLSA downgraded Kotak Mahindra Bank to outperform post-March quarter results and UltraTech Cement to underperform with a target price of Rs 2150 and Rs 7900, respectively. Jefferies sees an incremental demand driver for FY24 and Motilal Oswal maintained its buy rating post-March quarter results.

Equity markets have reversed the trend in April by gaining over 3% and analysts expect the uptrend to continue going forward. Investors will keep a watch on the ongoing earnings season, which has been mixed so far. Here are four stocks from analysts that are looking strong on the technical charts with an upside potential of up to 17%.

Adani Green Energy's shares increased by 5% after it reported more than a four-fold rise in consolidated net profit in Q4 of FY22 compared to the previous year. The company's revenues also increased by 58% YoY to 14,880 mn units in FY23, supported by strong capacity addition and deployment of latest renewable technologies. In contrast, on a year-to-date basis, the stock has fallen by 47%, while in the past year it has declined by 65%. The average target price of the stock is Rs 360, indicating 64% downside from current market prices.

The Nifty is expected to rise towards 18,500 in May, following April's gains of over 3% driven by sustained foreign investor inflows and strong earnings from banking majors in the latter half of the month. While Indian equity markets continue to lag other global peers, data shows that investing in May has produced double-digit return averages 83% of the time. Analysts expect foreign portfolio investors to continue as net buyers, despite net selling YTD of INR 14,158 crore ($1.9bn). However, the biggest risk to current uptrends is further earnings downgrades.

“All the 3 businesses of Tata Motors are witnessing healthy recovery. While its India businesses are already on a sustainable growth path, JLR is turning the corner and would be the key driver of the stock. We have a target of Rs 550,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

In the NSE list of stocks, four stocks with a market cap of over Rs 1000 crore have been 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. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on the previous close i.e. April 28.

"India outperformed the rest of Asia and the developed markets in April with a smart rally mainly assisted by sudden change of strategy by the FIIs who have turned big buyers in the market in the last two trading days," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Sensex jumps 200 points, Nifty above 18,100; Adani Green climbs 5%, IDFC First Bank 3%; Rail Vikas Nigam, Future Consumer, UCO Bank are some of the top gainers in the morning trade.

In the Nifty200 pack, closing prices of these eight stocks crossed above their 200 DMA (Daily Moving Averages) on April 28, 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:

The Indian market is expected to show mixed cues on Tuesday, following global markets. Although the BSE index rose over 400 points last week and the India VIX fell by 4.14%, options data suggest a broader trading range between 17,500 and 18,500 zones and an immediate trading range between 17,800 and 18,300 zones. Various experts have recommended stocks for traders with a short-term horizon, including Bharti Airtel, which is expected to trend upwards, and DLF, which has seen a breakout from a consolidation range.

Nifty futures on the Singapore Exchange traded at 18,238.50, down 34.50 points or 0.19% around 7.40 am, signalling a negative start for Dalal Street on Tuesday. Here are some stocks which are expected to see some action in trade today.

The markets on Friday carried on the enthusiasm of earlier days with the Nifty ending with over four-fifths of a percent rise. The volatility index, though, declined further, indicating an imminent correction.

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 REC and ITC while Nooresh Merani has a buy/sell recommendation on Tata Power and Apollo Hospitals for today's trading session. Check out the targets and stoploss.

Sectorally, buying was seen in telecom, capital goods, utilities, public sector and power stocks while selling was seen in consumer durables. Stocks that were in focus include names like Syngene International which rose more than 4%, EIH rallied nearly 10% and REC closed with gains of over 5% on Friday.

In December, SUUTI held six lakh shares representing a 0.02% stake in the bank, which was down from 1.6% in September 2022. According to the stock exchange data, as of end-March 2023, the stake was down to zero. The derecognition as a promoter also takes away the right to appoint a nominee director on the bank’s board.

MSCI Inc.’s Asia Pacific Index fell after an earlier advance, with Japan and Australia leading the losses. Shares in Hong Kong declined even as initial data showed tourism and consumer activities in China rose sharply on the first day of the five-day Labor Day holiday. Chinese markets will reopen Thursday.

UltraTech Cement's consolidated net profit fell 36% to Rs 1,666 crore for the fourth quarter ended March. Revenue from operations during the fourth quarter rose 18% to Rs 18,562 crore

The Dow Jones Industrial Average and tech-heavy Nasdaq Composite Index both slipped by 0.1 percent, while the broad-based S&P 500 dipped by less than 0.1 percent. "The collapse of First Republic saw JPMorgan step up to the plate and squash the biggest market risk on the table," said Edward Moya of the OANDA trading platform in a note.

Asian stocks rose as trading resumed in most of the region’s markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.’s purchase of First Republic Bank along with expectations the Federal Reserve will hike interest rates once again this week. MSCI Inc.’s Asia Pacific Index climbed 0.3%, supported by shares in Hong Kong that gained at the open.

A mix of slowing economic growth combined with persistent inflation has the potential to dash hopes for a reversal in the Fed's aggressive campaign to tame inflation with higher interest rates. That would expose a variety of market mispricings, pulling the rug out from under this year's rebound in stocks, credit and other risky assets.

Investors should look to buy the dips till 17,800 levels are not breached on the downside on Nifty and should accumulate quality stocks, while traders should focus on stocks and sectors that are relatively outperforming the Nifty.

Bajaj Auto's stock has increased by 22.5% in 2023, with factors such as increased domestic two-wheeler demand, EV volume, launch of premium bikes with Triumph and a revival in overseas shipments supporting future earnings. In the previous fiscal year, the company's bike volume fell by 9%, but the share of domestic two-wheelers rose to 48.3% in Q1 2023 compared to 34.7% in the previous year.