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The Indian market witnessed marginal decline in profit-booking on Monday amid mixed cues. The S&P BSE Sensex fell over 200 points while the Nifty50 was down more than 30 points to close at 23,259.Sectorally, selling was seen in metal, oil & gas and IT stocks while buying was seen in realty, utilities, telecom and healthcare stocks.Stocks that were in focus include names like Raymond which was up more than 3% to hit a fresh 52-week high, M&M which pared gains after hitting fresh high and Tejas Networks that closed flat but with a negative bias.We have collated a list of three stocks that either hit a fresh 52-week high, or an all-time high or saw a volume or a price breakout.We spoke to an analyst on how one should look at these stocks the next trading day entirely from an educational point of view. Here’s what analyst Pravesh Gour (Senior Technical Analyst, Swastika Investmart) had to say:RaymondOn the longer time frame, the counter has given a breakout from a Cup & Handle formation and has shown strong momentum thereafter. It is trading above all the moving averages with high volume supporting the strength.Talking about the technical levels, the first resistance zone will be around 2,700, and the next target would be around the 3,000 level, which is a psychological resistance.On the downside, the first support will be at the 2,300 level. Any slip below this would open the door towards the next support zone of 2,100, where the 50-DMA is placed.M&MThe counter is in a classical uptrend, as it has higher highs and higher lows. On the daily chart, it also saw a breakout of a Flag formation with strong volume.The structure of the counter is very bullish, as it trades above all important moving averages. It has broken a neckline at around Rs 2,550–2,600 levels on the daily chart.The momentum indicators, RSI (relative strength index) and MACD (moving average convergence divergence), are in a negative position.On the upside, Rs 3,000 is the important psychological resistance level, above which we can expect the 3,200+ levels in the near term, while on the downside, Rs 2,550 is the support level.Tejas NetworksThe counter is coming out of a long consolidation with strong volume. The overall structure is very bullish as it trades above its all-important moving averages.The pattern suggests an immediate target of Rs 1,400, while it has the potential to move further upside till 1,500 levels. On the downside, Rs 1,130 will act as an immediate support level.MACD (Moving average convergence divergence) supports the current strength whereas momentum indicator RSI (relative strength index) is also positively poised.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Nifty on Monday ended 31 points lower to form a small red candle with minor upper and lower shadow on the daily chart.The near-term trend of the index remains positive. However, having placed at the crucial hurdle around 23,300 levels, the chances of downward correction could be high in the short term. Immediate support is at 23,100 levels, said Nagaraj Shetti of HDFC Securities.Open Interest (OI) data showed that on the Call side, the highest OI was observed at 23,500 and 24,000 strike prices. On the Put side, the highest OI was at 23,000 strike price.What should traders do? Here’s what analysts said:Shrikant Chouhan, Kotak SecuritiesFor day traders now, 23,400/77,000 would be the immediate resistance level. As long as the market is trading below the same, the correction formation is likely to continue. Below the same, the market could slip till 23,100-23,025/76,100-76,000. On the flip side, post 23,400/77,000 breakout the index could move up to 23,500-23,520/77,300-77,400. Contra traders can take long bets near 23,025/76,000 with strict 30/100 points stop loss.Jatin Gedia, SharekhanThe hourly momentum indicator has triggered a negative crossover suggesting loss of momentum. Hence, there can be some consolidation in the near term and the Nifty is likely to drift towards 23,160 – 23,100 over the next couple of trading sessions failing to sustain can lead to a fall to 22,930. On the upside 23,420 – 23,500 is the immediate hurdle zone.Kunal Shah, LKP SecuritiesNifty encountered resistance at higher levels and was unable to close above the 23,300 mark. The immediate support for the index stands in the 23,000-22,900 zone, with a break below this range likely to trigger aggressive selling pressure. In the near term, the index is expected to consolidate within a broad range of 23,000-23,500.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Vehicle registrations - a proxy for retail sales - went up by a modest three percent to 2.09 million units last month with consumers delaying purchases due to election-related uncertainties and extreme heat. Passenger vehicle registrations dipped marginally during the month under review by 0.96% to 303,358 units. As per data collated by industry body Federation of Automobile Dealers Association (FADA), two-wheeler registrations rose 2.48% to 1,534,856 units, three-wheelers by 20.09% to 98,265 units and commercial vehicles by 4.07% to 83,059 units. Registrations of tractors slid by 1.06% to 70,065 units in May. Dealers are cautiously optimistic of market sentiments improving in the coming months driven by forecast of good monsoons and formation of a stable government. FADA President Manish Raj Singhania said, “Post-election results are expected to bring stability and improve market sentiment, while the formation of a continued government could boost infrastructure projects and economic activities.” Dealers are hopeful about better supplies and positive movement in key sectors like cement, coal and iron ore. The India Meteorological Department (IMD) has forecast above-normal rains at 106% of the long-period average (LPA) this year, which is expected to enhance rural demand and support economic activities. Though extreme weather conditions, such as heatwaves and heavy rains, along with the reopening of schools in July, might delay purchase decisions, Singhania informed. In the two-wheeler segment despite supply constraints, lack of marketing activities and impact of the extremely hot weather and elections, rural demand due to expected good monsoon and improved finance availability kept counters ticking. However, in the passenger vehicle segment, despite better supply, some pending bookings and discount schemes, the lack of new models, intense competition and poor marketing efforts by auto companies affected sales. “Increased customer postponements and low enquiries further contributed to the challenging market conditions. Due to the extreme heat, the number of walk-ins to showrooms dropped by around 18%”, Singhania said. Despite growth on a low base and increased bus orders, commercial vehicle makers too faced challenges on account of negative market sentiment. This was partially offset by good movement in market loads from cement, iron ore, and coal sectors. Overall, auto retails saw mixed results, the industry is navigating through significant challenges, Singhania said , adding stakeholders are cautiously optimistic going ahead. He said, “Despite positive indicators, challenges persist, including intense competition, lack of new model launches and poor marketing efforts by OEMs. Liquidity issues and high inventory levels continue to strain profitability for Dealerships. Although discount schemes and good product availability are in place, low customer enquiries and postponements due to seasonal factors remain concerns.” Uneven monsoon rains have previously impacted farm sector growth and while this year’s above-normal forecast is promising, he said, it raises the risk of possible floods in some regions, potentially disrupting the market. Overall, Singhania said while there is potential for growth with the new government formation and favourable economic conditions, addressing these challenges will be crucial for sustained improvement in the automotive market.

Prime Minister Narendra Modi on Monday set the ball rolling for his third consecutive term by announcing the key portfolios allotted to ministers a day after their swearing-in ceremony after the first Cabinet meeting.The event marked the establishment of the National Democratic Alliance (NDA) government, with 30 cabinet ministers, 36 ministers of state (MoS), and 5 ministers of state with independent charge from the Bharatiya Janata Party (BJP) and its allies joining the administration. Who gets what?Cabinet Ministers ListRajnath Singh-Minister of DefenceAmit Shah-Minister of Home Affairs; and Minister of CooperationNitin Jairam Gadkari-Minister of Road Transport and HighwaysJagat Prakash Nadda-Minister of Health and Family Welfare; and Minister of Chemicals and FertilizersShivraj Singh Chouhan-Minister of Agriculture and Farmers Welfare; and Minister of Rural DevelopmentNirmala Sitharaman-Minister of Finance; and Minister of Corporate AffairsSubrahmanyam Jaishankar-Minister of External AffairsManohar Lal Khattar-Minister of Housing and Urban Affairs; and Minister of PowerH. D. Kumaraswamy-Minister of Heavy Industries; and Minister of SteelPiyush Goyal-Minister of Commerce and IndustryDharmendra Pradhan-Minister of EducationJitan Ram Manjhi-Minister of Micro, Small and Medium EnterprisesRajiv Ranjan Singh alias Lalan Singh-Minister of Panchayati Raj; and Minister of Fisheries, Animal Husbandry and DairyingSarbananda Sonowal-Minister of Ports, Shipping and WaterwaysVirendra Kumar-Minister of Social Justice and EmpowermentKinjarapu Rammohan Naidu-Minister of Civil AviationPralhad Joshi-Minister of Consumer Affairs, Food and Public Distribution; and Minister of New and Renewable Energy.Jual Oram-Minister of Tribal AffairsGiriraj Singh-Minister of TextilesAshwini Vaishnaw-Minister of Railways; Minister of Information and Broadcasting; and Minister of Electronics and Information Technology.Jyotiraditya M. Scindia-Minister of Communications; and Minister of Development of North Eastern Region.Bhupender Yadav-Minister of Environment, Forest and Climate ChangeGajendra Singh Shekhawat- Minister of Culture; and Minister of TourismAnnpurna Devi- Minister of Women and Child DevelopmentKiren Rijiju- Minister of Parliamentary Affairs; and Minister of Minority AffairsHardeep Singh Puri- Minister of Petroleum and Natural GasMansukh Mandaviya-Minister of Labour and Employment; and Minister of Youth Affairs and Sports.G. Kishan Reddy- Minister of Coal; and Minister of MinesChirag Paswan- Minister of Food Processing IndustriesC R Patil- Minister of Jal Shakti Ministers of State (Independent charge)Rao Inderjit Singh- Minister of State (Independent Charge) of the Ministry of Statistics and Programme Implementation; Minister of State (Independent Charge) of the Ministry of Planning; and Minister of State in the Ministry of Culture.Jitendra Singh- Minister of State (Independent Charge) of the Ministry of Science and Technology; Minister of State (Independent Charge) of the Ministry of Earth Sciences; Minister of State in the Prime Minister’s Office; Minister of State in the Ministry of Personnel, Public Grievances and Pensions; Minister of State in the Department of Atomic Energy; and Minister of State in the Department of SpaceArjun Ram Meghwal- Minister of State (Independent Charge) of the Ministry of Law and Justice; and Minister of State in the Ministry of Parliamentary AffairsJadhav Prataprao Ganpatrao- Minister of State (Independent Charge) of the Ministry of Ayush; and Minister of State in the Ministry of Health and Family WelfareJayant Chaudhary- Minister of State (Independent Charge) of the Ministry of Skill Development and Entrepreneurship; and Minister of State in the Ministry of Education Ministers of State Jitin Prasada- Minister of State in the Ministry of Commerce and Industry; and Minister of State in the Ministry of Electronics and Information Technology Shripad Yesso Naik- Minister of State in the Ministry of Power; and Minister of State in the Ministry of New and Renewable EnergyPankaj Chaudhary- Minister of State in the Ministry of FinanceKrishan Pal- Minister of State in the Ministry of CooperationRamdas Athawale- Minister of State in the Ministry of Social Justice and EmpowermentRam Nath Thakur- Minister of State in the Ministry of Agriculture and Farmers WelfareNityanand Rai- Minister of State in the Ministry of Home AffairsAnupriya Patel- Minister of State in the Ministry of Health and Family Welfare; and Minister of State in the Ministry of Chemicals and FertilizersV. Somanna- Minister of State in the Ministry of Jal Shakti; and Minister of State in the Ministry of Railways.Chandra Sekhar Pemmasani- Minister of State in the Ministry of Rural Development; and Minister of State in the Ministry of CommunicationsS. P. Singh Baghel- Minister of State in the Ministry of Fisheries, Animal Husbandry and Dairying; and Minister of State in the Ministry of Panchayati RajSobha Karandlaje- Minister of State in the Ministry of Micro, Small and Medium Enterprises; and Minister of State in the Ministry of Labour and EmploymentKirtivardhan Singh- Minister of State in the Ministry of Environment, Forest and Climate Change; and Minister of State in the Ministry of External AffairsB. L. Verma- Minister of State in the Ministry of Consumer Affairs, Food and Public Distribution; and Minister of State in the Ministry of Social Justice and EmpowermentShantanu Thakur- Minister of State in the Ministry of Ports, Shipping and WaterwaysSuresh Gopi- Minister of State in the Ministry of Petroleum and Natural Gas; and Minister of State in the Ministry of TourismL. Murugan- Minister of State in the Ministry of Information and Broadcasting; and Minister of State in the Ministry of Parliamentary AffairsAjay Tamta- Minister of State in the Ministry of Road Transport and HighwaysBandi Sanjay Kumar- Minister of State in the Ministry of Home AffairsKamlesh Paswan- Minister of State in the Ministry of Rural DevelopmentBhagirath Choudhary-Minister of State in the Ministry of Agriculture and Farmers WelfareSatish Chandra Dubey- Minister of State in the Ministry of Coal; and Minister of State in the Ministry of MinesSanjay Seth- Minister of State in the Ministry of DefenceRavneet Singh- Minister of State in the Ministry of Food Processing Industries; and Minister of State in the Ministry of Railways.Durgadas Uikey- Minister of State in the Ministry of Tribal AffairsRaksha Nikhil Khadse- Minister of State in the Ministry of Youth Affairs and SportsSukanta Majumdar- Minister of State in the Ministry of Education; and Minister of State in the Ministry of Development of North Eastern RegionSavitri Thakur- Minister of State in the Ministry of Women and Child DevelopmentTokhan Sahu- Minister of State in the Ministry of Housing and Urban Affairs.Raj Bhushan Choudhary- Minister of State in the Ministry of Jal ShaktiBhupathi Raju Srinivasa Varma- Minister of State in the Ministry of Heavy Industries; and Minister of State in the Ministry of SteelHarsh Malhotra- Minister of State in the Ministry of Corporate Affairs; and Minister of State in the Ministry of Road Transport and HighwaysNimuben Jayantibhai Bambhaniya- Minister of State in the Ministry of Consumer Affairs, Food and Public DistributionMurlidhar Mohol- Minister of State in the Ministry of Cooperation; and Minister of State in the Ministry of Civil AviationGeorge Kurian- Minister of State in the Ministry of Minority Affairs; and Minister of State in the Ministry of Fisheries, Animal Husbandry and DairyingPabitra Margherita- Minister of State in the Ministry of External Affairs; and Minister of State in the Ministry of TextilesMinisters & their portfoliosAmit Shah: Amit Shah retained the home ministry this time around. At 59, Shah has had a significant journey within the BJP, evolving from a grassroots party worker to one of its most influential figures. As a close confidant of PM Modi, Shah's meticulous nature and strategic prowess have been pivotal in shaping major government policies. Notably, he played a crucial role in the abrogation of Article 370 in Jammu and Kashmir and the amendment of the citizenship laws. His leadership was instrumental in the BJP's robust performances in the 2014 and 2019 general elections, marking him as a key architect behind the party's electoral successes and strategic moves.Nirmala Sitharaman: For a second consecutive term, Sitharaman was given charge of the finance ministry. She has steadily advanced through pivotal roles within the BJP and the Modi administration, earning her status as a senior and trusted ally of PM Modi. Sitharaman, 64, has previously managed the trade, defense, and finance ministries for NDA. As FM, Sitharaman prioritised infrastructure spending to align with Modi's vision, successfully reducing the fiscal deficit from over 9 per cent of GDP during the pandemic. She also advocated for greater transparency in government finances and supervised economic growth exceeding 8 per cent, positioning India as one of the fastest-growing major economies. Her strong relationship with the Reserve Bank of India (RBI) facilitated a record government dividend payout of approximately ₹2.11 lakh crore this year.S Jaishankar: S jaishankar was given the ministry of external affairs in Modi's new cabinet for his third term. Jaishankar is a seasoned diplomat, and has adeptly managed India's foreign relations as Foreign Minister for the past five years. Under his leadership, India has navigated the complexities of two ongoing global conflicts and rising tensions with China, while maintaining an independent stance in a shifting US-led global order. Known for his firm defense of India's ties with Russia, Jaishankar has overseen continued purchases of Russian oil and military equipment despite increasing Western sanctions. Before his current role, Jaishankar was India's Ambassador to China and served as Foreign Secretary.Piyush Goyal: Retaining his ministry, Piyush Goyal was re-appointed as the commerce minister. At 59, Goyal has played key roles in trade, textiles, and consumer affairs during the previous Modi administrations. With a 35-year-long political career, Goyal has also managed critical portfolios like coal and power and served as the BJP's national treasurer. Recently, he engaged in significant trade negotiations, including a potential free trade agreement with the UK. This year, Goyal contested his first Lok Sabha election, having represented Maharashtra in the Rajya Sabha since 2010. Nitin Gadkari: The minister retained his position and got charge of the ministry of Road and Transport. He is deeply connected with the BJP's ideological foundation, the RSS, and has been instrumental in leading the transport ministry under Modi’s government. Known for his significant contributions, Gadkari, 67, has been credited with expanding India's infrastructure, notably constructing around 10,000 kilometres of roads annually since 2018, as per the Centre for Monitoring Indian Economy. He also advocates for the adoption of ethanol as a fuel alternative and has been pushing for enhanced safety standards in India's automotive industry.Rajnath Singh: Rajnath Singh was given the charge of defence ministry for the second time. Singh, 72, has been India's defense minister for the past five years, overseeing a significant push for self-reliance in defense production. In Modi 3.0, Singh is set to become defence minister yet again. Under his leadership, the government restricted imports of several defense items, aiming to manufacture key weapons domestically. Simultaneously, India has expanded its defense imports from the US amidst rising tensions with China. Singh has also championed greater roles for women in the armed forces, extending their service terms and enhancing promotion opportunities. Previously, Singh served as BJP's national president.Shivraj Singh Chouhan: The newly-inducted minister, Chouhan, 65, was given agriculture ministry with rural development ministry. He brings over two decades of political experience, including serving as the chief minister of Madhya Pradesh for a significant period of time. Although recently overlooked for another term as chief minister, he secured a parliamentary seat in the latest elections. Known for his popularity among BJP grassroots members, Chouhan also belongs to a lower Hindu caste, enhancing his appeal among those voters. He has been a member of parliament twice before.Who are the Cabinet Ministers part of Modi 3.0?The following leaders took oath as Cabinet Ministers at the Rashtrapati Bhavan, Raj Nath Singh, Amit Shah, Nitin Jairam Gadkari, Jagat Prakash Nadda, Shivraj Singh Chouhan, Nirmala Sitharaman, Subrahmanyam Jaishankar, Manohar Lal, HD Kumaraswamy, Piyush Goyal, Dharmendra Pradhan, Jitan Ram Manjhi, Rajiv Ranjan Singh alias Lalan Singh, Sarbananda Sonowal, Virendra Kumar, Kinjarapu Rammohan Naidu, Pralhad Joshi, Jual Oram, Giriraj Singh, Ashwini Vaishnaw, Jyotiraditya M. Scindia, Bhupender Yadav, Gajendra Singh Shekhawat, Annpurna Devi, Kiren Rijiju, Hardeep Singh Puri, Mansukh Mandaviya, G Kishan Reddy, Chirag Paswan and C R Patil took oath as Cabinet Ministers on Sunday.Additionally, the following were sworn in as Ministers of State (Independent Charge): Rao Inderjit Singh, Jitendra Singh, Arjun Ram Meghwal, Jadhav Prataprao Ganpatrao and Jayant Chaudhary.The new Ministers of State include: Jitin Prasada, Shripad Yesso Naik, Pankaj Chaudhary, Krishan Pal Ramdas AthawaleRam Nath Thakur Nityanand Rai Anupriya Patel V. Somanna, Chandra Sekhar Pemmasani, SP Singh Baghel, Sushri Sobha Karandlaje, Kirtivardhan Singh, BL Verma, Shantanu Thakur, Suresh Gopi, L Murugan, Ajay Tamta, Bandi Sanjay Kumar, Kamlesh Paswan, Bhagirath Choudhary, Satish Chandra Dubey, Sanjay Seth, Ravneet Singh, Durgadas Uikey, Raksha Nikhil Khadse, Sukanta Majumdar, Savitri Thakur, Tokhan Sahu, Raj Bhushan Choudhary, Bhupathi Raju Srinivasa Varma, Harsh Malhotra, Nimuben Jayantibhai Bambhaniya, Murlidhar Mohol, George Kurian and Pabitra Margherita.