Nikhil Zelawat, a trader and fintech entrepreneur from Mandsaur, has developed two trading tools, including a trade journal and an emoji-based stock screener, to simplify data use. The screener uses various emojis to represent technical parameters and the resulting "face" helps Zelawat to understand the data and take appropriate action. He additionally elaborates on his profitable trading strategies, including the use of 3-4 systems for trending and sideways markets. Zelawat spent two years as a software engineer in Bengaluru before becoming a full-time trader with mentor support.

Indian equities climbed up by 1% as the Reliance Industries and IT giant stocks surged upwards. Domestic investors are optimistic that India's FY23 GDP is expected to exceed the earlier growth rate of 7.0%, as the country is likely to have a normal monsoon and consistent FII buying, boosting its economic growth further. The bullish trend is likely to continue, and traders are looking for a broader range of support and resistance levels. Elsewhere, US talks of raising the debt ceiling have led to a growth in European shares and Wall Street's indexes.

Copper prices have fallen over 8% on the back of lower-than-anticipated demand from China, which is the largest consumer of the metal, accounting for over 50% of global consumption. Copper had been rising at the start of the year on the expectation that China’s property market would strengthen, but disappointing economic releases have weighed on the price. The industry is considered a leading indicator of global economic health and is used widely in renewable energy technologies, electronics, vehicles, and electrical grids. The US Federal Reserve's policy measures also put a dampener on business sentiment.

There are different types of fixed-income instruments that are available in the market. Bonds and Public Provident Funds (PPF) are two such instruments that are quite popular among investors. While both avenues offer assured returns, they are quite different. Before starting with the investments, investors should understand the concept of bonds and the Public Provident Fund and see how they differ.

Money managers draw analogies between cricket and investing. Abhishek Banerjee, smallcase manager and CEO of Lotusdew, compares RBI's management of inflation to India's 1983 Cricket World Cup win. Banerjee says he picks pinch-hitters like a captain selects strategies for a cricket match. He believes it's necessary to have all types of players, like heavy hitters and good fielders in a cricket team, for a successful investment portfolio. Banerjee sees an index fund as playing a Test match and a stock basket for T20 and One Day matches in investment strategies.

Hi-Tech Pipes Ltd has reported a 42% increase in its consolidated net profit to nearly INR 16 crore in the March 2023 quarter, driven by higher revenues. The revenue from operations increased by 18% to INR 701.85 crore compared to the year-ago quarter. Its Chairman and Managing Director (CMD) Ajay Kumar Bansal said that the company has registered the highest-ever sales volume, revenue, PAT, and EBIDTA during this quarter. Additionally, its greenfield facility of large diameter pipes in Gujarat is expected to commence commercial production from the third quarter of FY24.

For more such web stories click on the ET icon below

The outlook for gold is weak due to the US debt ceiling crisis nearing resolution and the strong Dollar Index. Physical gold and silver buyers can take advantage of the expected correction in prices. Gold prices in Delhi are at around Rs 60,800 per 10 grams, while silver is priced at Rs 73,000 per kg. Traders can book profits in gold and silver futures, said Anuj Gupta, VP of Commodity and Currency Research at IIFL Securities. June Gold futures have support at Rs 58,800-Rs 59,400 and resistance at Rs 60,000-Rs 60,400, while support for Gold futures on COMEX is at $1920-$1890 and resistance at $1960-$1980.

Nifty stocks fell short of the estimated 10.6% with 9.7% while Nifty 500's earnings improved by 11.7% compared to the estimated 8.9%, indicating the outperformance of mid- and small-caps. Equity markets will take cues from macro data, US debt negotiations, and central bank policy meetings. Companies such as Adani Transmission, IRCTC, NHPC, Torrent Power, and Mazagon Dock Shipbuilders are among many to release the Q4 earnings in the last week of May.

​​Even though stock prices may have moderated, broad valuations have not valued the full trouble. Like the one-year forward valuations of large and midcaps continue to trade at a premium. India’s one-year forward consolidated P/E is at +18x, marginally above the long-term average of 17x. The Q4FY23 result is mixed, and the outlook suggests a downgrade in earnings for 2023.

Founder and CEO of Hedged, Rahul Ghose, predicts that both Nifty and Bank Nifty will exceed previous highs in June, especially with strong support from foreign institutional investors in the cash market. Ghose advises that corrections in the market should be seized as buying opportunities. Past their all-time highs, Ghose expects the rally to slow down, however, the extent and speed of the rally will depend on the magnitude of FII flows. Likely to continue on its upward journey, Ghose suggests entering long on Apollo Tyres this week.

Gold prices closed the week with a loss of 1.60% at $1945.74, with the US dollar index recording a weekly gain of about 1% to reach 104.23, and 10-year US yields at 3.79% on Friday. Mixed US data releases on 27 May were mostly positive for the dollar and negative for bonds and gold, with real personal spending showing strength at 0.50%. A debt ceiling deal between US policymakers remained possible ahead of the 6-9 June date, boosting macroeconomic sentiment and hitting gold.

“The 4% less monsoon rainfall than the long period average of 100% can be attributed to an expected El Nino event in the Pacific. At present, in the equatorial Pacific, neutral conditions are there. However, model forecasts are showing that and the temperature are also seen warming over that region. Most of the models are indicating that in the next 2-3 months it will reach El Nino conditions.”

Foreign Portfolio Investors (FPIs) have invested Rs 37,316 crore in Indian equities in May, the highest in the past six months. This inflow is attributed to strong macroeconomic fundamentals and reasonable stock valuations. A positive resolution on the US debt ceiling and good domestic macro-economic data could lead to fresh asset flows from foreign investors. The recent quantitative tightening cycle in the US and India's outperformance in global equities has improved the FPI flow outlook. The sustained buying by FPIs has pushed the NSE's Nifty benchmark index up 2.4% in May so far.

The combined market valuation of seven of the top-ten most valued firms jumped Rs 1,51,140.39 crore last week, with Reliance Industries and Tata Consultancy Services emerging as the biggest gainers. While Reliance Industries, Tata Consultancy Services (TCS), Hindustan Unilever, ITC, Infosys, State Bank of India and Bharti Airtel made gains in their market valuation, HDFC Bank, ICICI Bank and HDFC faced erosion

Based on the midcap index's fresh life highs and Nifty testing psychological 18500 levels, analysts suggest that the index may maintain a positive bias and move towards 18800-18850 levels by the expiry, with aggressive put writing visible at 18400 and 18300 strikes for the coming week. Analysts advise bullish traders to opt for the long 18500 Call with a target of 150 and stop loss of 45 until expiry, as the open interest at the inception of June series and FII positions remain relatively low and fresh longs are formed in the index. However, high Nifty premiums may remain a cause of concern.

​VWAP or Volume Weighted Average Price is the average price of a stock, adjusted for its volume.​

ITC, Infosys and SBI will trade ex-dividend this week. ITC's board recommended a final dividend of Rs 6.75 and a special dividend of Rs 2.75 per equity share. SBI declared a dividend of Rs 11.30 per equity share and the payment date is fixed on June 14. On the other hand, Infosys has announced to pay a final dividend of Rs 17.50 per equity share. The record dates for the dividend payments have also been announced.

Indian stock markets ended the last week of May with strong gains and have begun the June series on a positive note; the Nifty50 gained 1.63% for the week and crossed the resistance of 18,400 to close at 18,499.35. Investors are advised to remain cautious as we approach the June series expiry. Markets will take cues from Wall Street, which will remain closed on Memorial Day. The week will also bring several important domestic and global economic events for investors to track, along with the possible impact of movements in the US debt ceiling, crude oil prices, and government bond yields on market performance.

The tentative deal between President Biden and Kevin McCarthy to raise the US debt ceiling may have negative consequences for financial markets. Once the deal has passed, the government is expected to make large bond issuances, which could lead to a liquidity drain from banks and cause financing to become more expensive for companies already struggling in a high-interest rate environment. Some banks fear that markets have not yet accounted for this risk, and some warn that delaying the resolution could cause volatility in the market. However, some believe that the drain on liquidity could be absorbed by money market mutual funds.

“It has been a while since Reliance Industries consolidated. The earnings were pretty strong. The O2C segment did pretty well while Jio continues and retail continues to get more traction. Also, the demerger of Jio Financial Services was another small trigger and the market was valuing it at about Rs 200-220.

“I do sense that there is a growing appetite for equity amongst the HNIs and family offices as well. And that trend is going to continue. And this entire piece of financialisation or savings is certainly very beneficial for Indian equities. As such, we have been in a decent bull market right from the lows of the pandemic.”

The company's total income, however, rose to Rs 3,643.02 crore from Rs 3,107.04 crore in the year-ago quarter.

Sundar has settled a case with markets regulator Sebi by returning the advisory fee and disgorging over Rs 6 crore. The case related to PR Sundar and Mangayarkarasi Sundar, promoters of Mansun Consulting, offering investment advice without the necessary registration from the market regulator.

We enter a “decisive” week; going by the technical setup on the charts, markets may look at initiating a definite directional bias this week and whatever trend it catches on may stay on at least for the short term.

In global markets most of the central bankers are veering towards stopping the rate hikes and therefore the interest rate peaks are somewhere closer which should signal that the markets are now well and truly set on a fundamental course. Results will dictate the move ahead.

Gold prices are heading for their third weekly decline after experiencing a surge in early May, soaring to a 33-month high of $2,085.4 per troy ounce. Hawkish comments from Fed officials, strong economic data from the US, and positive talks on the US debt ceiling have all boosted the dollar index and US benchmark treasury yields, forcing down bullion commodities.

In the aftermath of this turbulent episode, investors have become increasingly vigilant. They are actively seeking ways to analyse a bank's liquidity and want to ensure its ability to withstand adverse situations.

Star Health Insurance was the top loser and the stock fell 8.8% over the week. Overall 12 block deals were executed worth Rs 668 crore, according to a Nuvama report. Over 1.21 crore shares changed hands at an average price of Rs 551, this report said.

Shares of National Aluminium Co (Nalco) surged by over 5% as its Q4 revenues and profits beat market estimates. The Indian government-run firm is hopeful of profitability looking up in the current fiscal even though prices of aluminium may remain subdued due to tepid economic expansion globally.

According to Mileen Vasudeo of Arihant Capital Markets, Nifty is expected to cross its initial resistance level of 18,650 and reach its prior all-time high soon, with the possibility of further gain. Bank Nifty is also likely to see a fresh all-time high and extend its gains towards 44,500 to 44,800 levels. Stock recommendations include VRL Logistics and Tata Elxsi, with expectations that both may see higher levels in the coming weeks.

​VWAP is an important metric as it offers pricing insight into both the trend as well as value of a stock. ​

​For some 6 counters from the largecap basket, the closing price of stock has gone above last month’s high. This is a bullish indicator as it indicates the stock is moving upward and has crossed the last month’s high.​

For more such web stories click on the ET

​These stocks have edged higher despite the Nifty Financial Services index ending in the red this week.(​

GRM Overseas, a smallcap company with a market capitalization of about Rs 1,032 crore, is engaged in the business of milling, processing and marketing of branded and non-branded basmati rice in the domestic and overseas market.

The proposed acquisition does not include shares held by Sun Pharma and its affiliates. After the completion of the deal, Sun Pharma will have a 100% holding in the company.

For more such web stories click on the ET

The overall view for the next series is positive for Nifty with an upside potential to reach 18800-19000. On the lower end. 18200 will continue to act as crucial support for the June series.

So, what is this USA Debt Ceiling and what impact will it have on Global Financial markets? The USA government spends more money than it earns and therefore it needs to borrow money to pay its bills. In an attempt to control the level of debt, it can only borrow up to a certain limit and that certain limit is called the Debt Ceiling.

China's industrial firms saw an overall 20.6% drop in profits from January to April compared to the same period last year, according to data from the National Bureau of Statistics. The fall was due to margin pressures and soft demand amid the country's faltering economic recovery. The grim profit readings come after April economic indicators, including industrial output, retail sales and property investment, suggested China's recovery is slowing down. Foreign firms' profits slid 16.2% and private-sector firms' profits plunged 22.5% in January-April. In response, China's government will focus on restoring and expanding demand, NBS statistician Sun Xiao said.

The U.S. government will spend $936 billion on non-defense discretionary spending in 2023, the Office of Management and Budget estimates, money that goes to housing, education, road safety and other federal programs.