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Trading below the 200 DMA is considered a negative signal because it indicates that the stock s price is below its long-term trend line.

The earnings decline for Indian companies might be nearing its end. Q1 saw the smallest downgrade cycle in a year. Large companies are showing stability. Oil and Gas sector boosted overall growth. Construction materials and telecom sectors are performing well. Textiles and consumer durables are facing challenges. Rural consumption revival and potential RBI policy changes could aid growth.

Indian equities experienced a sharp decline on Thursday, triggered by the implementation of 25% US tariffs on Indian imports. The Sensex and Nifty opened significantly lower, with banks facing the most substantial selling pressure. Weak global cues and continuous foreign fund outflows further intensified the market downturn, resulting in a considerable loss of market capitalization.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.

Tata Consultancy Services (TCS) has formed a dedicated artificial intelligence (AI) and services transformation unit, consolidating its AI capabilities to deliver domain-specific solutions and accelerate innovation across industries. Amit Kapur, who previously headed TCS’s UK and Ireland business, will lead the unit from September. The move underscores TCS’s push to place AI at the core of its growth strategy.

Day 2 of IPO bidding sees strong interest in several issues. Anlon Healthcare and Vikran Engineering IPOs, along with Sattva Engineering Construction and Current Infraprojects IPOs, were fully subscribed on Day 1. Grey market premiums suggest positive listing prospects, with Current Infraprojects showing the highest GMP of 56%.

Investors eagerly await Reliance Industries AGM tomorrow, anticipating updates on the potential IPO timelines for Jio and Retail. Market analysts are also keen on insights into Jio s AI strategy, particularly the JioBrain platform. Further expectations include progress reports on the new energy business, Jio and Retail business growth targets, and the company s petchem expansion plans.

In 2025, the Indian primary market sees 121 IPOs, but 39 stocks trade below their issue price. SME IPOs are hit hardest, with 30 in the red. Arunaya Organics falls the most, down 58%. Nine mainboard listings also quote below their price band. Experts anticipate the upbeat sentiment to continue.

Mangal Electrical Industries is set to debut on the stock exchanges following a highly successful IPO that was oversubscribed nearly 10 times. The IPO witnessed strong participation from institutional and retail investors. The company intends to use the IPO proceeds for debt repayment, capital expenditure, and working capital needs, aiming to expand its operations and enhance its market position.