Indian shares extended losses to a third session straight, led by a decline in IT stocks on receding bets of early US rate cuts and worries over the conflict in the Middle East. The S&P BSE Sensex closed 0.6% lower at 72,943, while the NSE Nifty50 index ended below the 22,150 level."The short-term trend remains weak. But, having placed near the cluster support of around 22000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance is at 22260 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 7 stock recommendations for Thursday:

With $6.5 billion invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.

The fact that China had been making one after another attempt to bring its economy back on track and did not meet with immediate success led to an impression that things will not improve for the metal sector anytime soon. But on Tuesday, when the GDP numbers came out, they were better than expected, against the expected 4.8 % the numbers came at 5.3 % for the first quarter. While this is a quarter number so there can be some skepticism the fact is that over the last two decades, there have been many issues that the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all have been resolved and the economy has been able to make a comeback. So, don't dismiss these numbers. The biggest impact of a sustained Chinese recovery would be felt by one sector, that is metals and probably the street has a hint of it and that is why metal stocks can outperform even in volatile markets.

Relative performance is normally a concept that is used more in price action-based trading. However, sometimes, these concepts are equally useful when trying to gauge the mood of the market for a segment of stock. There cannot be a doubt about how the market has been hit by global headwinds, but if one compares the relative performance of small caps in the last four trading sessions and the one it witnessed in March 2024, there is clear evidence that at this point of time, there is no tearing hurry to sell. While it might be a bit early to say, the way things are panning out at this point in time, the probability of small caps making a comeback cannot be ruled out. The only thing that needs to be watched is how the market reacts to their Q4 earnings, if the initial reaction to results is positive that means liquidity is still chasing the smallcap and why to fight liquidity.

Exide Industries stock has given a big breakout in the monthly/weekly and on the daily charts. It has given a significant up move in April as the stock rallied from Rs 310 to Rs 470.

The Indian stocks with an Israeli connection include Adani Ports, Sun Pharma, Dr Reddy’s and Lupin, NMDC, Kalyan Jewellers, and Titan. Further, OMCs could be adversely impacted. The war could slacken India’s plan of building an India-Middle East-Europe Economic Corridor as reflected in the prices of railway stocks like IRCON, Jupiter Wagons, and RVNL.

One sector where the street has been giving differential treatment for many years has been the banking space. Right from PSU banks to small finance banks to private sector banks and even in the private sector banks, there has been a different treatment to different sets of banks. But recently the divergence in valuation has been narrowing down, at all levels. Whether it is between private and public sector banks or even intra private banks segments. There are two underlying factors for it, first, over the years, technology which was a strong point of large private sector banks has been to an extent implemented by other banks also. Second, different banks take care of different segments of the economy, some retail, some large corporate, some SME and retail. So when all segments of the economy are doing well, there is a greater likelihood that all banks will see better performance. We look at banks from three segments of the banking sectors, large players which don't make headlines every day but have seen better performance.

Shares were up 6.6% by 0905 GMT, topping pan-European STOXX 600 index and tracking their biggest daily gain in almost a year.

A non-performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days or more. According to data from Trendlyne, SBI, Bank of Baroda, and PNB are among the 6 PSU banks that reported the highest NPAs in Q3 of FY24. Here's the list:

Brokerage firm Nuvama in its latest report, listed top stocks that mutual fund houses exited in March. Take a look:

BJP manifesto, which promises continuity and enhancement of previous policies along with new measures to deepen and widen India’s economic progress, is seen as having a positive impact on multiple sectors if PM Modi returns to power.Domestic brokerage Phillip Capital sees a positive impact on sectors like automobiles, cement, metals, real estate, alternative fuels, financials, pharma, FMCG, EMS, hotels, airline, etc.Here are 9 ideas from the brokerage:

U.S. Federal Reserve Chair Jerome Powell said on Tuesday that a string of disappointing data will likely cause the central bank to take longer than expected to become confident that inflation is falling.

In China, the world's biggest oil importer, the economy grew faster than expected in the first quarter, but several March indicators, including property investment, retail sales and industrial output, showed that demand at home remains frail, weighing on overall momentum.

Exide and Amara Raja stocks soared due to increasing EV demand. Analysts foresee bright prospects for Exide with Hyundai and KIA partnership, government aid, and EV market growth. The companies are set to capitalize on the rising trend.

Asian shares reacted to the dollar's strength amid U.S. rate cut uncertainty. Markets saw mixed performances, with various currencies and indices responding differently. Powell's cautious stance and IMF's growth forecast added to the market dynamics.

Indian IT stocks decline, affecting benchmarks. Concerns over US Fed rates and IT demand recovery persist. Infosys' guidance for FY25 awaited. Market cautious pre-results, with Nifty IT Index closing below 200 EMA.

Vodafone Idea's ₹5,400-crore offer to anchor investors was fully subscribed, with support from various foreign institutional investors, domestic mutual funds, and the Government of India. This fundraising effort aims to strengthen the telco's financial position and support its future plans.

Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.

Equity markets closed for Ram Navami. All segments shut. Multi-commodity exchange opens at 5:00 pm. Trade settlements closed.

Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.

Both the S&P 500 and the Nasdaq are nearly 4% off from record high levels reached last month, as traders sharply readjusted their expectations of how much the Fed would cut rates this year.

In February last year, NSE had excluded Zee from the F&O segment after the NCLT admitted an insolvency plea filed by IndusInd Bank against the company.

Federal Reserve Vice Chair Philip Jefferson, in remarks devoid of any mention of interest rate cuts, said on Tuesday "it will be appropriate to hold in place the current restrictive stance of policy for longer" if inflation fails to slow as expected.

The company’s troubles started in October when it warned that demand for EVs was starting to slow, but the full extent of that weakness only became apparent this month when Tesla reported first-quarter sales significantly below analysts’ expectations.

Broadband technology company Sterlite Technologies has raised Rs 1,000 crore by issuing equity to qualified institutional investors (QIPs), which include both Indian and international investors, the company announced on Tuesday through a stock exchange filing.

The S&P 500 opened higher by 2.77 points, or 0.05%, at 5,064.59, while the Nasdaq Composite dropped 28.64 points, or 0.18%, to 15,856.38 at the opening bell.

As the market faces headwinds, questions are bound to be raised about whether the mid-cap segment would see a sharp correction or not. As of now it appears that things are far better both in terms of market breadth and the way the stocks have been able to see a recovery in a short span of time. But the best way to navigate such market conditions would be to do two things, first stay with mid-cap stock with some track record in terms of fundamentals and give return to shareholders. Second, once you pick the stock, stay with it long term and dont sell in hurry due to any narrative which some global development might bring on the table.

Jhunjhunwala owned about 1.8% stake in Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.

The short-term trend remains weak. But, having placed near the cluster support of around 22,000 levels, one may expect an upside bounce from the lows in coming sessions. Immediate resistance is at 22260 levels, said Nagaraj Shetti of HDFC Securities.

As per the latest corporate shareholdings filed, Rekha Jhunjhunwala publicly holds 25 stocks with a net worth of over Rs 41,254.3 crore, according to Trendlyne data. Here's a look at stocks wherein the ace investor cut stakes in Q4:

The market capitalisation (mcap) of BSE-listed companies was eroded by Rs 7,93,529.61 crore to Rs 3,94,25,823.46 (USD 4.75 trillion) in three days.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

GQG had invested around Rs 2,400 crore for acquiring a 5.96% stake in the offer for sale of Patanjali in July 2023. The US-based investment firm has been increasing its exposure to India after investing in the Adani group. It holds positions in companies including ITC and Sun Pharmaceutical Industries.

The most successful outliers on Dalal Street or for that matter, Wall Street over any given short-term period almost always took some extreme amount of risk that just happened to pay off big.

Emerging-market (EM) currencies have tumbled this year as the dollar has gone from strength to strength. Taiwan’s currency dropped to the lowest level in almost 8 years this week, India’s rupee slumped to a record, and Malaysia’s ringgit is close to the weakest since the Asian financial crisis in 1998. All except one of the 23 main developing-nation currencies tracked by Bloomberg have fallen against the greenback this year.

Equity markets closed for Ram Navami. All segments shut. Multi-commodity exchange opens at 5:00 pm. Trade settlements closed.

State Bank of India'S business profile score of 'BBB-' is the highest among Indian banks, which the ratings agency said reflects SBI's ability to generate business consistently through the cycle while managing risk better than peer state banks.

​The shares of RIL-owned chocolate manufacturer, Lotus Chocolate rallied 14% to hit a 52-week high of Rs 470 on BSE in Tuesday's trade ahead of its Q4 results which are due later today.

The most successful outliers on Dalal Street or for that matter, Wall Street over any given short-term period almost always took some extreme amount of risk that just happened to pay off big.

Sequence of return risk is the danger that the timing of withdrawals from an investment portfolio, particularly during retirement, coincides with a period of poor investment returns.

Over the years, there has been some change in how the street looks at IT stocks, but somehow, still there is a perception that large cap companies like TCS, Infy and Wipro, are the ones which give all the indication of what is happening in the IT space. The fact is that over the last decade so many segments and sub segments have emerged and along with the numbers of mid and small size companies have emerged in the IT space that deciding on IT space based on what is happening with TCS and infosys or wipro or any mega cap companies would be an incorrect thing to do. The fact is that while the name of the Indian IT sector can be divided into different segments, each of them has not become an industry itself. Infact if one looks at the stock performance, the street is gradually making a difference as the divergence in return is visible. Will this trend continue and these stocks chart their own course independent of what TCS and Infy are doing?

Indian shares fell on Tuesday as a slide in information technology stocks on receding bets of early US rate cuts added to investors' concerns over the conflict in the Middle East. However, in today's trading session, six large and midcap stocks from the Nifty200 index reached a new 52-week high. Here's the list:

​European shares dropped to a near six-week low on Tuesday, as investor stayed clear of risky assets given geopolitical tensions in the Middle East, while Ericsson topped the main index following upbeat earnings.

The share price of Sterlite Technologies Ltd (STL) rallied 7.5% to Rs 144.80 after the company announced the completion of Rs 1000 crore fund raise through Qualified Institutional Placement (QIP) route.

DOMS rose nearly 5% to Rs 1,800 while Flair added 3% to Rs 301. The brokerage firm values DOMS at 50x FY26 EPS and Flair at 24x FY26 EPS.

The company approved the issue and allotment of 8.84 crore equity shares to qualified institutional investors, including HDFC Mutual Fund, Nippon Life India, Goldman Sachs, and Bandhan Mutual Fund, aggregating to Rs 1,000 crore.

According to bulk deal data on BSE, the DMart founder bought an additional 1.51% stake in the cigarette maker for a total amount of Rs 86.26 crore through open market deals. The ace investor bought 2.33 lakh shares in the company at Rs 3,689.96 per share.

As the Q4 results of listed companies are underway, it's important for investors with bank stocks in their portfolios to be aware of the NPAs (non-performing assets) of banks. According to Trendlyne data, Bank of Baroda, Punjab National Bank, RBL Bank, and Bank of India are among the banks with the highest NPAs. Here's the list:

Options trading in India has soared in the last five years, fuelled mainly by retail investors. The notional value of index options traded more than doubled in 2023-24 to $907.09 trillion from $447.69 trillion a year ago, exchange operator NSE says.