​I think we have been seeing in that mid-cap index hitting highs. I think it should be an all-around participation, what it looks like as of now.

​So, therefore, I would look at these kinds of asset light business models within real estate or the ones which have some element of even REIT kind of structures made available and so on and so forth. So, try to remain focused on only those companies which typically do not consume large amounts of debt.

I think the key takeaway has been that the two-wheeler sales have done a lot better relative to the other sub-segments of the automobile sector.

Gold prices fell as the dollar strengthened by 0.2% due to a strong U.S. payrolls report. U.S. gold futures decreased 0.3%, and spot gold dipped 0.1% to $1,945.66 per ounce. Gold prices had already slipped over 1% on Friday due to the announcement of a 339,000 increase in US nonfarm jobs last month. But a surge in unemployment rates tied with prospects of a Fed rate pause this month changes that scenario. The pause creates possibility for gold prices to become less attractive to buyers in the high interest rate environment.

Oil prices surged over 2% on Monday after Saudi Arabia announced an additional voluntary cut of 1 million barrels per day in oil output from July. Brent crude futures rose by $1.51 to $77.64 per barrel while U.S. West Texas Intermediate crude surged $1.41 to $73.15 per barrel. The oil market is anticipated to be even tighter in the second half of the year as the voluntary cut by Saudi is on top of deals by the Organization of the Petroleum Exporting Countries (OPEC) and their allies, limiting supply until 2024.

Asian shares continue to rise on Monday fuelled by the positive outlook for the US economy, and the possibility of a pause in rate hikes by the Federal Reserve. Oil prices increased after Saudi Arabia announced a significant cut in production. Brent crude rose by $1.82 to $77.95, while US crude increased by $1.77 to $73.51. Furthermore, Australia’s resources-focused shares increased by 1%, and Japan's Nikkei rose by 1% to its highest in 33 years. Despite a positive jobs report in the US market, moderating wage growth has encouraged records of a pause in June.

Foreign portfolio investors have net sold shares worth Rs 659 crore on Friday. DIIs on the other hand bought Rs 582 crore.

​The retail though slightly lower than that 325,000 although it is still a growth over last year almost 14% growth. Maruti, in fact, grew faster in both wholesale and retail and as a result, market share went up 1% in May, now standing just above 43%.

USFDA has conducted an inspection at Zydus’ animal health drug manufacturing facility at SEZ, Ahmedabad. The inspection concluded with nil observations.

The largest loan up for sale is Nirmal Lifestyle Developers' ₹790-crore debt, followed by Supertech at ₹515 crore and Nirmal Lifestyle Malls at ₹251 crore, two sources in the know of the development said.

The sales, set to begin Monday, will rumble through every asset class as they claim an already shrinking supply of money: JPMorgan estimates a broad measure of liquidity will fall $1.1 trillion from about $25 trillion at the start of 2023.

​Broadly, we are in a strong uptrend, and it’s advisable to focus on the larger picture. We recommend buying Hudco for a target of Rs 68. Traders can participate by following a strict stop loss at Rs 57.80.

There will be other issues when you start having quantitative tightening. We just don't know what the results will be. That's what the world is dealing with right now.

According to an ET poll with 16 respondents, the six-member rate-setting panel is seen maintaining the benchmark policy repo rate at 6.50% during the June 6-8 meeting, marking the second consecutive instance of it holding off on policy tightening. The respondents were unanimous in their expectation.

Nuvama PE is currently investing from its third late-stage/pre-IPO fund under the Crossover Opportunities banner. This fund has so far raised ₹3,800 crore. The latest crossover fund has invested in companies such as Ola Electric and DailyHunt.

For instance, promoters of Dhampur Sugar bought 10.35 lakh shares of the company worth ₹22 crore in May. The company registered strong numbers for March, with revenue growing 43% year-on to ₹759 crore and EBIDTA margin rising by 100 bps to 13.8%. It has also reduced debt consistently in the last four years from ₹1,824 core in FY18 to ₹744 in FY23.

The shift may inject some stability into a bond market that's been consistently caught off guard by how resilient the US economy has remained as the Fed raised interest rates by five percentage points since March 2022. The dynamic was underscored Friday, when bonds slid after a report showed employers unexpectedly accelerated the pace of hiring in May.

We saw a phase after that when new infra projects came up and banks financed those despite not having long-tenure liabilities to match these assets. As a result, we saw NPA issues in the banking system because of delays in infrastructure projects.

Indian markets closed higher on Friday with the S&P BSE Sensex up by more than 100 points, and buying activity was noticed in metals, realty, telecom, and auto sectors. Stocks that saw significant growth include Cyient, HEG, and Graphite India. An expert cited the potential next resistances in Graphite India at Rs 418, Cyient at Rs 1900, and HEG at Rs 1600. With massive volume accumulation and significant price breakouts, these stocks have been suggested as those to watch. Though it must be noted that providing these observations are solely for educational purposes.

Indian equities closed higher with gains of 0.25% on Friday, settling above 18,530 points, led by gains in the realty and metal pack and supported by positive global market sentiment. Auto stocks rose due to strong sales numbers for May, leading to market volatility. Analysts predict that markets will lack clear direction and remain sideways, with the Nifty finding support at levels of 18,450-18,500 and resistance at levels of 18,650 and 18,800. On Monday, US stocks closed higher on easing wage growth in May and the prospect of the Federal Reserve refraining from a rate hike.

IKIO Lighting has set a price band of Rs 270-285 per equity share for its upcoming IPO. The Noida-based company has reserved 50% of the offering for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors. The IPO comprises a fresh equity issue of up to Rs 350 crore and offer for sale of up to 90 lakh shares by selling shareholders. Meanwhile, Sonalis Consumer Products is set to launch an SME IPO on June 7 with a fixed price of Rs 30 per equity share.

The Indian Nifty has seen gains of around 7% this quarter, largely driven by financials hitting record highs, with a focus on consolidation following a sharp rally. Aamar Deo Singh, Head Advisory at Angel One, says that while it is positive to observe smaller stocks in the midcap and small-cap sectors performing well, for any significant shift to bear market, frontline stocks need to be involved, bringing depth and instilling investor confidence. In other recent news, the real estate sector has seen a remarkable 26% surge in share price over Q2 2023, reflecting renewed investor interest.

Axis Securities has selected small-cap stocks that could be the best picks for investors' portfolios in June. The brokerage firm recommends buying Mahindra CIE Automotive, Praj Industries, CreditAccess Grameen, and PNC Infratech, among others. The firm said its May 2023 top picks outperformed both Sensex and Nifty, which gained by 2.47% and 2.60%, respectively. Axis Securities' top picks basket delivered an impressive 25% return in the last one year.

Gold closed the week with a gain of almost 0.10% at $1,948.46. Odds on the Federal Reserve doing a 25-bps rate hike in its upcoming June meeting are rapidly changing with rates predicted to rise from 30% to 40% after the NFP report's headline figures boosted US bond yields and the dollar index, causing gold to drop. The Federal Reserve is expected to hike rates in July, but despite strong US data, gold is predicted to trade in the range of $1,920-$1,990 due to strong support at $1,930 and $1,920 and resistance at $1,965/$1,975/$1,990.

The initial public offering (IPO) of LED lighting solution provider IKIO Lighting will open for subscription on June 6 and continue till June 8.

ICICI Direct has suggested a moderate bearish approach in the Bank Nifty index in the lead up to the RBI monetary policy. They suggest buying a June 2023 Bank Nifty 44,000 put at 270-275 while simultaneously selling a June 8 43,600 put at 125-130. The net debit is set at 145 with a target of 255, and the time frame is till weekly expiry. The analysts predict consolidation near 44,000 will continue and expect the index to find support near 43,500 levels.

Investing in sectors such as healthcare, electric vehicles, information technology, infrastructure and real estate, Fast-Moving Consumer Goods (FMCG), defense, specialty chemicals and green energy in the Indian stock market can yield substantial returns and minimize risks. The article highlights the growing healthcare sector, the government's support of electric vehicles, India's rapidly developing information technology industry, infrastructure and real estate, consumer goods, defense, the emerging specialty chemicals industry, and green energy. It emphasizes the importance of conducting thorough research and seeking expert advice during the investment journey.

The Nifty50 has remained stable, while the Bank Nifty has seen negative divergence for over a week. The chart set up for the Nifty50 is better, with a target of 18,750-18,800. The Bank Nifty will remain positive while it holds at 43,500 levels, with a target of 44,500-44,800. Sharekhan by BNP Paribas expects no changes in the Monetary Policy Committee's recommendations. Financials could outperform with anticipation of rate cuts in the coming months. DLF and Sobha show potential in the realty sector, and RIL could rebound after finding support at Rs 2,300.

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Small-cap fund managers in India have identified three sectors with high potential returns in recent years: specialty chemicals, consumer durables, and building materials. These sectors have outperformed others due to attractive valuations, above-average growth rates, and strong demand tailwinds. More than 95% of the small-cap funds in India have allocated investments in these sectors, although more than 50% of the fund managers have reduced weights and partially booked profits in the last year. The consumer durables industry has seen significant growth due to lifestyle changes and urbanization, while the specialty chemicals industry has witnessed phenomenal growth due to increasing demand from the pharmaceutical and agrochemical industries. Building materials have been liked by small-cap fund managers due to their long-term growth prospects and direct link to the booming construction and infrastructure industry. Choosing the right sector and weightage is essential for producing alpha for fund managers.

Foreign Portfolio Investors invested INR 43,838 crore in Indian equities in May, the highest amount in nine months, supported by the country’s strong macroeconomic fundamentals and reasonable valuations. The FPIs sustained their buying stance in June, investing a further INR 6,490 crore in just two trading sessions of the month. The inflow is set to continue, as reflected by the latest GDP data and high-frequency indicators, which indicate a robust economy improving further. India attracted greater investment than any other emerging market, with financials, automobiles, telecom and construction sectors drawing the most attention.

Are banks more prone to interest rate cycle or is it manufacturing business which is more vulnerable to higher interest rates. Every business has its own capital requirement matrix and this is what makes them prone to risks of interest rate cycle. Of all the stocks, which our algorithms come up with, we took companies from different sectors. On the list, there is one of the biggest wealth creators from the specialty chemical space. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

India's infrastructure focus, particularly on roadways, appears to be moving at a fast pace, with banks playing a significant role in funding infrastructure. Despite reservations, banks have issued "infrastructure bonds" at a record high, and this greater acceptance could sustain the government's drive to boost the sector. Indian bond issuance is expected to become another record high as the government looks to crowd in private capex with its record capital expenditure. While it is traditionally preferred to use specialised institutions such as insurance and pension funds who have long-term liabilities, banks lending for infrastructure remains significant.

As Q4 GDP growth exceeds expectations, India looks to achieve a GDP growth rate of 7.2% in FY23, raising hopes that its FY24 growth will soon exceed 7%. However, the country will have to contend with the expected global slowdown which could negatively impact India's growth prospects.

The Nifty is expected to remain rangebound with 18,600 levels acting as a strong resistance and the index likely to consolidate in the 18,500-18,600 range, according to Apurva Sheth, Head of Market Perspectives & Research at SAMCO Securities. He said a decisive close above 18,600 is required for a further uptrend. For Bank Nifty, Sheth expects it to trade sideways and recommends deploying an Iron Condor options strategy to take advantage of the movement. The oil and gas sector is struggling due to weakening demand from top oil consumer China and global economic weakness, while realty and consumer durable stocks have displayed mixed performance due to quarter-ending financials.

Indian benchmark indices stayed in a narrow range amid US debt deal negotiations and remained flat for the week. However, the broader markets outperformed, with about 20 smallcap stocks returning 20-40% weekly. Analysts remain positive about the market and see benchmark indices hitting fresh lifetime highs. The upcoming Reserve Bank of India meeting and Federal Reserve meeting will determine the momentum of indices, with all eyes on the RBI's policy meeting from June 6-8. Additionally, the US's composite services PMI and trade data and the IPO of IKIO Lighting, among other data points, will impact the market.

“I own a lot of companies because I believe in investing and in smallcaps in general,” Sharma, the founder of GQuant Investech, recently said in an interactive session. Sharma believes in diversification rather than a concentrated portfolio, and gradually increases exposure based on the business prospects of the company.

Advanced technologies have revolutionized the way traders operate in financial markets. Algorithmic trading, black-box trading, relies on computer programs to execute trades based on predefined rules and algorithms. Charting tools empower traders to visualize financial data, identify patterns, and create custom indicators and trading strategies. Advanced mobile trading apps and desktop trading software facilitate real-time data access, customized alerts, and educational resources. Overall, these innovations have made trading more accessible, efficient, and profitable, enabling traders to succeed in today’s dynamic and competitive markets.

Gold prices are set for their best weekly increase in two months as the dollar slides and US Treasury prices rise due to economic data uncertainty and mixed comments from Federal Reserve officials. While the recent debt ceiling deal has prompted market rallies and equities growth, it has also raised concerns over whether limited governmental spending could increase the odds of a recession, thus keeping gold prices buoyed. US non-farm payroll data will be imperative.

Foreign investors have increased inflows into Indian stocks to a nine-month high in May. They purchased a net $5bn of the country’s shares last month, the most since August, according to Bloomberg. The purchases continued for 24 consecutive days, the longest string since August last year. The surge in investment has propelled Indian equities to the top of emerging Asia's leaderboard.

A number of widely tracked companies have declared dividends with their March quarter results

Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong. Shah also emphasised the importance of management and governance, saying that people need to begin respecting these elements more in order to limit losses and make money in the stock market. His comments come in response to predictions made by other experts, including Chris Wood, who recently suggested that the Sensex index could hit 100,000 within the next five years.

As Sensex traded in a narrow range last week, 20 smallcap stocks have given over 20% returns. The S&P BSE Smallcap index surpassed the benchmark with a 2.4% gain. Nucleus Software Exports reported its best-ever revenue of Indian rupees (INR) 635 crore for FY23 which led it to achieve a whopping 41% increase last week, while Force Motors and Brightcom Group followed with over 37% and 27% gains respectively. Money managers are bullish on the broader market and expect the uptrend to continue in the small-cap stocks despite possible consolidation in benchmark indices.

Chemicals company Alkyl Amines Chemicals has seen its shares increase 7,500% over the past decade, with a 366% rise in the past three years alone. The company, which has a market cap of about INR124.8bn ($1.68bn) manufactures amines and amine-based chemicals, used in pharmaceutical, agrochemical, rubber chemical and water treatment industries. Its shares currently have a price-to-earnings ratio of 55. However, technical analysts suggest the shares are currently underperforming, are indicating a downtrend, and advise refraining from fresh buying positions and setting a stop loss at INR2,260.