Shares of ICICI Bank rose over 2.2% to close at ₹905.30 a piece on the NSE on Monday. The stock touched a four-month high of ₹906.50 intraday. The stock has gained nearly 7% in the last month.

The development comes after the UK regulator was said to have shown flexibility regarding earlier hurdles posed by requirements for inspection and audit of the Indian clearing house.

About 88.6% of the institutional investors voted against the first resolution, while 86.3% opposed the other. As the number of votes cast in favour of the special resolution is not more than three times the number of votes cast against the special resolution, the said resolutions have not been passed by the shareholders, the company said in a regulatory filing.

"The companies are engaged in preliminary discussions to explore potential strategic options including potential combination and listing of the retail mortgage portfolio of JM Financial and the home finance business of IndoStar Home Finance Private Limited including other mortgage-backed business of IndoStar," JM Financial said in a regulatory filing to stock exchanges.

The (EOIs) were submitted earlier this month and are now being reviewed by the bank to shortlist names for the second phase of the process, which will be opened for a limited number of bidders. Those making the second short-list will get access to more detailed information on the company and its management team.

HDFC Life's shares shot up more than 8% during Monday's trading - its biggest single-day jump in more than a year - before closing near its three-month high of ₹546.15 apiece on the NSE, up 6.4% from the previous close.

Shares of the oil-to-telecom conglomerate advanced for the second day in a row on Monday to settle at ₹2,360.5 apiece on the NSE, up 0.5% from the previous close.

ET had reported in its February 3 edition that the promoters of IndusInd Bank had received an in-principle nod from the RBI to hike stake in the bank to 26%. To increase the stake Hindujas would need more than ₹10,000 crore.

Medium-to-long-term investors can look to buy the stock now or on dips for a possible target of Rs 1,800 in 6-12 months, suggest experts

"If we go through the shape of 50, 100, and 200 days SMAs, we can clearly ascertain that the stock is in a continuous uptrend. Its intermediate and long-term trend is bullish. The short-term trend is negative but it is giving us an opportunity to invest in stocks from a medium to long-term perspective," Shrikant Chouhan, Head of Research (Retail), Kotak Securities, said.

Further, Sebi has prohibited directors of VCAL -- Sheetal Talwar, Santosh Datta and Kavil Venkatachalam Gourishankar -- from associating with any registered intermediary including mutual funds, alternative investment funds, portfolio management services etc. which deal with investors' money in any manner, for a period of 1 year

Equity benchmarks ended Monday’s session on a positive note despite sluggish global cues. The momentum got a boost as after a weak set of earnings by some of the IT majors, RIL and other banking players posted a decent Q4 show.“Nifty is showing signs of an upside breakout of the small narrow range. But, a decisive upside breakout could only occur on Nifty, surpassing the crucial area of 17865 levels in coming sessions. That could possibly result in a sharp positive reversal for the Nifty. Immediate support is at 17600 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are stock recommendations for Tuesday:

On Monday, the Sensex surged by about 400 points and crossed the 60,050 mark. As a result of this rally, 11 stocks from the BSE 500 index hit their new 52-week highs, an important technical indicator for many traders and investors. This indicator helps in assessing a stock's current value and predicting its future price movements. A stock's highest traded price during the preceding year is denoted by the term "52-week high"

The Dow Jones Industrial Average fell 3.92 points, or 0.01%, at the open to 33,805.04

FMCG sector revenue growth is expected to be in the mid-teens for FY23, mainly supported by price growth as the companies had taken price hikes to compensate for the elevated input prices while volumes were weak.Margins were impacted but started to showcase some improvement in the second half of FY23 due to a decline in input prices. However, analysts see margins improving in the coming quarters with inflation coming down

Vedanta Resources has paid all its maturing loans and bonds due in April 2023, the billionaire Anil Agarwal-led company said in a statement.Vedanta's gross debt stood at $6.8 billion as of Monday, down from $7.8 billion at the end of March, the company said, adding that the London-based firm had completed 75% of its debt reduction commitment

ETMarkets suggests that investors looking to invest in hybrid mutual fund schemes may consider the following five funds: Quant Multi Asset Fund Direct-Growth, Quant Absolute Fund Direct-Growth, JM Equity Hybrid Fund Direct-Growth, Bank of India Mid & Small Cap Equity & Debt Fund Direct-Growth, and ICICI Prudential Equity & Debt Fund Direct-Growth. These funds have given nearly 30% returns over the past three years, with a minimum investment amount ranging from Rs 1,000 to Rs 5,000, and have different expense ratios and SIP investment amounts.

ICICI Bank on Saturday reported a standalone net profit of Rs 9,121.87 crore for the quarter ended March 31 2023, up 30% year-on-year (YoY) from the corresponding quarter of the previous financial year of Rs 7018.71 crore. Should you buy it now or not? Let’s watch the brokerage view on this

India VIX was up by 0.32% from 11.63 to 11.66 levels. Volatility spiked above 12 zones but later sunk and has overall dried up to consistently hover at its lower zones.

In our MF analysis, ET Markets has identified 10 stocks that have experienced a significant increase in the number of shares held by mutual funds in March 2023, compared to the previous month. Our filter selected only those stocks which saw a net addition of over 2 crore shares (Data Source: ACE MF).

"The Board approved entering into a definitive Share Purchase Agreement (SPA) for the acquisition of 2,35,01,440 fully paid-up equity shares of Rs 21- each, constituting about 33.38% of the paid-up equity share capital of Unichem Laboratories, a listed entity, from one of its promoter shareholders at a price of Rs 440/- per equity share aggregating to Rs 1034.06 crore," Ipca said in an exchange filing.

The market capitalisation of all listed companies on the BSE increased by Rs 1,36,207 crore to Rs 266.33 lakh crore.

Indian shares advanced on Monday, led by financials, after improved quarterly results from heavyweights Reliance Industries Ltd and ICICI Bank Ltd prompted investors to shrug off concerns of a lacklustre earnings season. The Nifty 50 closed 0.68% higher at 17,743.40, while the S&P BSE Sensex added 0.67%.

A stock split is done to increase the liquidity of the stock in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.

A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

Keeping a tab on institutional investors' activity is a good idea for retail investors, given that they usually invest sizable amounts after conducting extensive research. ET Markets' study has shown that foreign institutional investors (FIIs) have been steadily increasing their stake in 84 smallcap stocks listed on the BSE over the last four quarters (i.e. June 2022 - March 2023). Our analysis indicates that the majority of these stocks have produced positive returns in the past year. From this list, we have highlighted six stocks that have generated returns ranging from 70-100% (Data Source: ACE Equity).

As per Trendlyne data, the average target price of the stock is Rs 61, which shows a downside of 26% from the current market prices. The consensus recommendation from two analysts for Rail Vikas Nigam is a strong buy.

Investors will closely monitor results from some of the highest-valued U.S. companies including Microsoft Corp, Google parent Alphabet Inc and Amazon.com Inc this week.

Keeping a tab on institutional investors' activity is a good idea for retail investors, given that they usually invest sizable amounts after conducting extensive research. ET Markets' study has shown that foreign institutional investors (FIIs) have been steadily increasing their stake in 84 smallcap stocks listed on the BSE over the last four quarters (i.e. June 2022 - March 2023). Our analysis indicates that the majority of these stocks have produced positive returns in the past year. From this list, we have highlighted six stocks that have generated returns ranging from 70-100% (Data Source: ACE Equity).

Sun Pharma's shares fell 3% after the pharmaceutical company temporarily suspended production at its Mohali facility to comply with the US Food and Drug Administration (FDA)'s regulations. The company received a letter, titled “Consent Decree Correspondence/Non-Compliance Letter", instructing it to conduct certain corrective actions at the Mohali facility before resuming production. Sun Pharma stated that it is taking the necessary steps, but will temporarily pause the release of batches until the FDA-mandated measures have been implemented.

Rajagopal Menon, Vice President at WazirX said, "Major market indicators point towards a Buy sentiment. The Relative Strength Index (14), one of the key indicators, sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) and the Average Directional Index (14) is at 15 and 29, respectively, further indicating a ‘buy’ and ‘Neutral’ market."

Wipro's last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore units worth about Rs 9,156 crore in between December 29, 2020, and January 11, 2021. Shares were bought back at a price of Rs 400 per equity share.

Should you subscribe to the Mankind Pharma IPO or not? Will there be an initial pop or not? Let's decode this for you point by point

After the budget, the price movement of defence stocks might have rattled some investors but the fact is the underlying policy initiatives by the government led to changes both in the actual working and perception of defence sector companies. Their order books are brimming, stocks have outperformed the broader market indices in the last one year and institutional interest has been growing in these companies. However, over expectations from the Union budget and subsequent volatility

The company last month demerged its flagship brand RedTape into a separate entity. As per the demerger agreement approved by the National Company Law Tribunal, shareholders of Mirza International received one fully paid-up equity share of RedTape, with a face value of Rs 2, for each unit they held in Mirza International.

Japan's Nikkei share average trimmed some early gains on Monday, as the mood turned more cautious in the afternoon session, with investors casting an eye ahead to corporate earnings and a central bank meeting due later in the week.

ATR (Average True Range) is a volatility-based indicator developed by J. Welles Wilder, the creator of RSI & ADX indicators. It calculates the session's range by considering current high & low prices and gaps. You use the highest value among three ranges: R, difference between current high and previous close; R1, difference between current low and previous close; R2, to calculate the True Range of the candle. ATR-based indicators such as Supertrend and ADX are popular, and ATR is used for box-value or brick-value in P&F or Renko charts in most software.

All thanks to the disappointing Infy Q4 results, last week bears once again made a comeback on the street. Even during this period, there are still some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Shares of private lender YES Bank fell 4.5% to Rs 15.48 in Monday's intraday trade on the BSE after the bank reported a 45% year-on-year drop in standalone net profit to Rs 202.43 crore for the quarter ended March 31 from Rs 367.46 crore in the corresponding quarter of FY22, as provisions for bad loans increased.

On a sequential basis, the net profit rose 4% from Rs 156 crore in the preceding December quarter. Revenue from operations during the quarter surged as much as 48% to Rs 1,751 crore against Rs 1,181 crore in the year-ago period.

Ipca Laboratories, a pharma company, is a potential buy as it has recorded a breakout from a falling trendline resistance and a Cup & Handle formation. Short-term traders can buy the stock, which has risen over 2% in a week and more than 7% in a month, with a possible target towards Rs 900 level in the next few weeks. Experts suggest placing a stop-loss below Rs 800 on a closing basis. The stock is trading above short-term moving averages on the daily chart and has a Relative Strength Index of 65.8.

In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous five-year high value at the close on April 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

HDFC Life Insurance shares surged by 8% to Rs 554.6 after the Reserve Bank of India permitted HDFC Ltd or HDFC Bank to increase their shareholding in HDFC Life and HDFC ERGO above 50% before the effective date of the merger. HDFC Bank CFO Srinivasan Vaidyanathan stated that there were no guidelines on whether this action had to be achieved through fresh funds infusion or purchases from the market. The bank had requested the Reserve Bank of India make certain forbearances on meeting statutory liquidity ratio and cash reserve ratio norms before the merger.

RIL posted strong Q4FY23 performance with a 7% beat in consolidated EBITDA at Rs 38,440 crore (up 9% QoQ) led by better-than-expected standalone earnings, offsetting marginal miss in retail EBITDA. Meanwhile, Jio's performance was broadly in-line, Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribas said.

Adani Ports and Special Economic Zone Limited (APSEZ) will buy outstanding 3.375% senior notes due 2024 for a cash consideration of $130 million, the company on Monday informed stock exchanges. It said that it will fund the payment through cash reserves available with the company.

“Nifty formed a small-bodied Bearish candle on the daily frame with a longer lower shadow. It formed a Bearish engulfing candle on the weekly time frame and negated higher lows formation of the last three weeks,” he said.

"Note that this cycle is a lot more granular in the loan mix and appears to have a lower credit cost compared to the corporate NPL cycle that we saw in the previous decade. We do believe that the cost lever is also available if revenue growth significantly slows down, which is likely if the rate cycle reverses sharply. It appears to be a low-probability event today," Kotak analysts said.

The global investment bank expects competition to intensify as a new player comes in. “We believe risk is yet to be completely reflected in valuations. Maintain Underweight on Asian Paints & Kansai Nerolac,” said the note.

In the Nifty500 pack, six stocks' prices crossed their 200 DMAs (Daily Moving Averages) on April 21, 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: