Most technical indicators suggest that the upside is likely to remain intact; however, the stock is trading near an overbought zone, hence, mild profit booking could be on the cards.

The open offer to acquire over 44,560,177 (4.45 crore) equity shares constituting 26% stake of Camlin Fine Sciences augurs well for the company, brokerage firm Axis Securities said, recommending a ‘buy’ on the stock.

The Q4 earning season started with TCS announcing its result which was pretty much in line. Then came Infy, which was a disappointment and not only hit the overall nifty, but also some questions were raised about whether the tailwinds about global spend on IT are now over. 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.

Vivek Mashrani, Founder of TechnoFunda Investing, a CFA with over 14 years of experience, explained how he lost investing capital twice in the initial trading days but then devised a Core & Satellite strategy to pick stocks that includes both technical and fundamental parameters.

The stock has moved in the range of Rs 318 to Rs 356 levels from September 2022 to January with volumes being quite low during this period. The price breached the consolidation phase at 356 and moved upwards with high volumes to make an all-time high of 394 odd levels.

Benchmark indices have delivered muted returns so far this year with both Sensex and Nifty down over 2%. Even though analysts say the second half of the year could be better, the upside will likely be capped till global trends turn positive. In such a scenario, here are 10 high-dividend yield stocks from the smallcap space that you can consider including in your portfolio. (Source: Axis Securities)

"Tata Motors Limited (TML) is one of India’s largest Original Equipment Manufacturers (OEMs). With FCF generation in JLR business and value unlocking at its non-core investments (Tata Technologies), the net automotive debt is expected to come down in the coming years. The stock is currently trading EV/EBITDA multiple of 4.9x its FY25 estimates. We have a Buy rating with at target price of Rs 516," Abhishek Gaoshinde, Deputy Vice President of Research at Sharekhan by BNP Paribas, said.

The Rs 865-crore initial share sale received a tepid response for the first two days, but sailed through on the last day, thanks to strong interest from qualified institutional buyers (QIBs). The overall subscription of the issue was 2.21 times at close. The QIB portion was subscribed 3.57 times and retail investors' portion 84%. Non-institutional bidders showed the least interest in the issue with just 41% subscription.

Historical data shows that the first quarter of the financial year has by and large been positive for Dalal Street. The positive start to the quarter this time has, therefore, brightened prospects for the history to repeat itself.

In the Nifty200 pack, these six stocks closed above their 200 DMAs (Daily Moving Averages) on April 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. Take a look:

Morgan Stanley maintains an 'overweight' rating on Indian Hotels with a target price of Rs 388. Kotak Institutional Equities retains its ‘buy’ call on Tata Chemicals with a target price of Rs 1,210.

Benchmark indices have delivered muted returns so far this year with both Sensex and Nifty down over 2%. Even though analysts say the second half of the year could be better, the upside will likely be capped till global trends turn positive. In such a scenario, here are 10 high-dividend yield stocks from the smallcap space that you can consider including in your portfolio. (Source: Axis Securities)

Sensex rises 100 points, reclaims 60K; Nifty nears 17,750; Just Dial jumps 4%, Tata Chem drops 3%; Yes Bank, BoB, Infosys, BHEL are some of the top gainers in the morning trade.

On the sectoral front, Nifty PSU Bank surged 0.71% and Nifty Auto climbed 0.49%. Financials, IT, metal, pharma, realty, healthcare and oil & gas sectors also opened higher. In the broader market, Nifty Smallcap50 advanced 0.60% and Nifty Midcap50 gained 0.51%.

Infosys, which has been one of the biggest wealth creators on Dalal Street in the last three decades, was trading 25% below its 52-week high after its March quarter earnings and FY24 guidance miss left analysts shocked. The selling was probably led by large institutions because many of them are less likely to hold stocks where they don't see enough growth coming in the next few months.

Monday was a correction day for the markets after a streak of straight nine days of gains. The Nifty opened in the negative territory and stayed there till the end, closing its acoount with over two-thirds of a percent loss. The Nifty Bank, on the other hand, did well.

The Indian market is expected to consolidate on Tuesday, following tepid global cues. The S&P BSE Sensex plunged over 500 points, but the Nifty50 held on to its 17700 levels on Monday. According to Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, options data suggests a trading range shift between 17400 and 18000 zones.

The price of this bank has been sliding lower since the peak of Rs 630 made in December 2022. The price is finding support in the Rs 500-Rs 510 range, which is considered a strong demand zone. Now the price has surpassed a triangle's upper trendline resistance, suggesting that it can rise further from here. The breakout is accompanied by a rise in volume, which increases the reliability of the breakout.

The Indian markets ended in the red on Monday as the Sensex fell more than 500 points. While public sector, oil & gas, FMCG, energy, and realty stocks witnessed buying, IT, telecom, and healthcare stocks faced selling pressure. Three stocks that were in focus include ITC, Anupam Rasayan, and HG Infra Engineering. Technical and Derivative Research Analyst at Reliance Securities, Jatin Gohil, recommends investors to buy ITC on dips, initiate a long position in HG Infra on dips, and sell some shares of Anupam Rasayan as the stock is near its supply zone.

The future & options (F&O) contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Nifty futures on the Singapore Exchange traded 31.5 points, or 0.18 per cent, lower at 17,732, signaling that Dalal Street was headed for negative start on Tuesday. Here are some stocks which are expected to see some action in trade today.

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 RBL Bank and AB Capital while Nooresh Merani has a buy/sell recommendation on GAIL and SBI for today's trading session. Check out the targets and stoploss.

The prime minister last month disclosed details of his own financial affairs, showing he paid more than £1 million in UK taxes over the past three years. His earnings from shares and capital gains easily eclipsed his political salary.

A Reuters poll last week found China's GDP growth was forecast to speed up to 4.0% in the first quarter from a year earlier, versus 2.9% in the previous three months, according to the median forecast of 70 economists.

Meanwhile, the New York Fed said on Monday its barometer of manufacturing activity in New York State increased for the first time in five months in April, helping solidify the case for the U.S. central bank to raise rates at its meeting next month.

For the March quarter, Angel One has reported 17% sequential growth in net profit at Rs 267 crore, while EBITDA during the same period rose 20% quarter-on-quarter to Rs 370 crore.

The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET. PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. The loan was mobilised from India Infrastructure Finance Co (IIFCL) last week, two people familiar with the matter told ET.PFS did not comment on the matter. IIFCL officials could not immediately be reached for comments. It's assets under management shrunk to around Rs 7300 crore at the end of December 2022 crore from Rs 8650 crore nine months prior to that.

"Delinquencies will increase, but structural protections will curb deals' exposure to losses. We expect loan delinquency rates for LAP ABS, which have increased over the past year, to continue to rise. However, LAP ABS are well protected, because of the deals' structural protections, including non-amortising cash reserves and excess spread," Moody's said.

The Sensex ended at 59,910.75, down 520.25 points or 0.86%, from Thursday's close. The Nifty declined 121.15 points or 0.68% to end at 17,706.85. Both indices had fallen as much as 1.4% earlier in the day.

"Prime Focus is exploring ways for a possible conversion of existing shares of Prime Focus to DNEG and list its subsidiary on Nasdaq for a valuation of $1.5-1.7 billion," said one of the persons cited above. "The company plans to raise around $500 million in DNEG either by SPAC or listing it at NASDAQ."

The government's decision to withdraw tax exemptions on maturity proceeds of non-unit linked insurance policies (non-ULIP) with an annual premium exceeding ₹5 lakh led to a surge in pre-booking of high-value non-linked policies before March 31, resulting in an overall increase in the average ticket size for retail regular premium policies across the insurance industry.

Credit Suisse, while downgrading ratings on Infosys to neutral from outperform, cut the target price by 30% to ₹1,240. The brokerage said the company's large exposure to the US compared to peers could put further pressure on its earnings.

Brokerages such as Bernstein, BNP Paribas, CLSA, and Macquarie maintained their ratings and target price, while HSBC and Investec have raised the target price by 1-2%.

The bulk deal saw Goldman Sachs Singapore Pte ODI pick up 6.42 million shares for ₹131.2 crore. As per BSE India data, investors offloaded 57.6 million shares of the company in a large block deal on Monday.

Longer-term profit growth has been in double-digits and one can expect that to return once the near-term headwinds are behind us. Investors can keep track of the companies and any big sell-off from here could be an opportunity to invest selectively.

The NSE IT index dropped 4.7% to its lowest in two years, while the Nifty fell 0.7%. Analysts are recommending investors to postpone purchases of large-cap IT stocks such as Infosys and TCS, whose valuations are still not considered cheap.

BEL stock price hit a record high of Rs 115 on September 15, 2022, but failed to hold on to the momentum. After forming a record high, the stock fell over 20% to hit a low of Rs 87 on January 30, 2023.

​As of March end, the domestic mutual fund held a 1.3% stake in the company.Plutus Wealth Management bought 50,00,000 shares or 0.6% stake for Rs 145 crore. Before this purchase, the wealth management firm did not hold any stake in the NBFC major

Revenue from operations during the quarter surged 21.2% to Rs 826 crore as against Rs 681 crore in the corresponding quarter of last year. The company reported an EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 370 crore.

However, the fund ran into a spat with the company following the latter’s deal to merge business with Sony Pictures. In late 2021, the fund had sought a meeting of shareholders before Zee Entertainment’s merger deal with Sony Pictures.

Angel One's shares will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment

Indian shares snapped a 9-day winning run after Infosys tumbled over 9% on weak Q4 numbers and sparked a selloff in IT stocks. The Nifty50 closed 0.68% lower around the 17,700 mark, while the S&P BSE Sensex lost 0.86% to end at 59,911.“On the daily charts, Nifty has faced resistance at 17850 – 17870, which coincides with the 50% Fibonacci retracement level (17858) of the fall from 18888 – 16828. During the second half of the session, Nifty witnessed a recovery which helped it to close off its intraday lows (17574). The daily momentum indicator still has a positive crossover, a buy signal. We believe that the uptrend is still intact, and this dip should be used as a buying opportunity. In terms of levels, 17860 – 17900 is the immediate hurdle, while 17560 – 17500 shall act as crucial support from a short-term perspective. On the upside, we expect the Nifty to target levels of 18000,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, saidHere are stock recommendations for Tuesday:

Asia's oldest stock exchange BSE's platform for small and medium enterprises (SMEs) on Monday announced the listing of Exhicon Events Media Solutions, taking the tally of such listed companies on the bourse to 432. Exhicon Events Media Solutions Ltd became the 432nd company to get listed on the BSE SME platform on April 17, 2023 after successfully completing its public issue on April 5, the exchange said in a release

It's important to be watchful of the stocks mutual funds are selling, just as it’s crucial to monitor their purchases. In our current evaluation, ET Markets have identified 6 stocks where over 15 mutual fund schemes have cut their stakes in March 2023, in contrast to February '23. Four of these stocks have given negative share price returns so far in CY23, while the remaining two have generated good double-digit returns (Data Source: ACE MF)

The Dow Jones Industrial Average rose 43.99 points, or 0.13%, at the open to 33,930.46.

Indian capital markets regulator Sebi has established a resolution framework for settlements undertaken by the Limited Purpose Clearing Corporation (LPCC), a body established to clear and settle repo transactions. The mechanism will settle disputes between clearing participants, between clearing members and clients, between the LPCC and vendors, and between clearing members or clients and the LPCC. The decision of an arbitration panel will be final if disputes are not resolved through conciliation. Earlier this month, the regulator also devised a plan for an upfront collection of funds from eligible issuers of debt securities to build the LPCC Settlement Guarantee Fund.

The Sensex closed in the red on Monday, declining by approximately 520 points. Amid this decline, four stocks belonging to the BSE IT index touched their new 52-week lows. The 52-week low is a crucial technical indicator that some traders and investors utilise to evaluate a stock's current worth and make predictions about its future price movements. This indicator reflects the lowest price at which a stock has traded during the preceding year

These persons were registered with a trading member (TM) as an authorised person (AP) and the said association as an AP was subsequently cancelled by the TM.Cautioning investors, NSE asked them not to subscribe to any such scheme or product offered by any person providing illegal 'dabba' trading activity in the stock market as the same is prohibited by law.

Nifty has to hold above 17,717 zones to extend the move towards 17,850 and 18,000 zones, while on the downside, supports are placed at 17,620 and 17,500 marks, said Chandan Taparia of Motilal Oswal.Options data suggests a shift in the trading range between 17,400 to 18,000 zones, while a shift in the immediate trading range between 17,500 to 17,850 zones

Her idea of asset allocation is to 70% into equities and the remaining 30% in a balanced portfolio, which includes a tactical mix of bonds and gold, providing diversification and stability during periods of market volatility.