The Nifty50 fell more than 1% to close at 21,150 while the S&P BSE Sensex was down over 900 points. Sectorally, selling was seen in FMCG, banks, consumer durables, IT, and healthcare stocks

The ruling came after the entities challenged an order passed by the Securities and Exchange Board of India (Sebi) in February 2021 that had barred Kishore Biyani and certain other promoters of Future Retail Ltd from the securities market for one year for indulging in insider trading in the shares of the company

From the all-time high level of 21,593 points, the Nifty 50 slumped more than 400 points or 1.4% and settled at 21,150. The Sensex plunged by over 1,400 points from its lifetime high of 71,913 to end at 70,506, a 1.3% cut. The sell-off was broad-based and more prominent in the smallcap segment, which witnessed a healthy correction after several months.

Among the Sensex firms, Tata Steel fell the most by 4.21 per cent. NTPC, Tata Motors, HCL Technologies, Mahindra & Mahindra, State Bank of India, Power Grid, Tech Mahindra, Larsen & Toubro and JSW Steel also declined

From the all-time high level of 21,593 points, the Nifty 50 slumped more than 400 points or 1.4% and settled at 21,150. The Sensex plunged by over 1,400 points from its lifetime high of 71,913 to end at 70,506, a 1.3% cut. The sell-off was broad-based and more prominent in the smallcap segment, which witnessed a healthy correction after several months.

In one of the worst days in the market in 2023, Nifty ended 1.4% lower, while Sensex ended 931 points weaker. Mid and smallcaps were left bleeding as the Nifty Midcap100 registered its biggest single-session decline in almost a year. The PSU bank index fell 4% to record single biggest session decline in over a year.

Further downsides are likely once the immediate support of 21,087 is broken. We believe that the Nifty could play down towards the next major support at 21,026-20,769 in the coming sessions

Investors are often attracted to stocks that can pay them high dividends. Here are five such PSU stocks that have the highest dividend yields in the last 12 months. (Source: Axis Securities)

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

From the all-time high level of 21,593 points, the Nifty 50 slumped more than 400 points or 1.4% and settled at 21,150. The Sensex plunged by over 1,400 points from its lifetime high of 71,913 to end at 70,506, a 1.3% cut. The sell-off was broad-based and more prominent in the smallcap segment, which witnessed a healthy correction after several months.

Analysts said there is still value in holding the stock from a medium- to long-term perspective as the company boasts of strong fundamentals and delivered strong financial performance in the last few years.

Did you know that before paper currency came into circulation, gold was used as an actual currency? Gold has been there ever since the beginning of civilizations and is quite a precious metal even today. Adding gold to your portfolio, not only invests your money into something that is going to last forever but also hedges your folio against the risky nature of the equity markets. We spoke to Mr Ravindra Rao, Head of Commodity Research at Kotak Securities to understand how investors can plan their gold investments in 2024.

Closing Bell: Sensex halts record run, nosedives 931 pts; Nifty at 21,150; all sectoral indices bleed

Sensex Crash Today: In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26. In the last one month alone, the index is up over 1,400 points or about 7.2% with November turning out to be the best month for Nifty in 2023.

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices - each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26. In the last one month alone, the index is up over 1,500 points or about 7.6%.

Indian benchmark equity indices rose to record highs on Wednesday, led by information technology and consumer stocks. Meanwhile, in today's trade, six midcap stocks from the Nifty200 index hit new 52-week highs. Here's a list:

Data showed German producer prices fell more than expected in November, while British inflation dropped way more than expected last month, with the headline rate falling to its September 2021 lows, strengthening the case for rate cuts.

The fall was sharper in the Nifty Midcap and Nifty Smallcap indices - each of them tumbled around 2%. FMCG was the only sectoral index trading in the green, while banks and IT indices were trading around 0.5% lower. The fall was sharper in auto, media, metal, PSU banks, and realty stocks. In percentage terms, today's decline in Nifty was the biggest single-day loss since October 26. In the last one month alone, the index is up over 1,500 points or about 7.6%.

ICICI Prudential Life Insurance Company emerged as the biggest participant in the qualified institutional placement (QIP) of equity shares contributing 20% of the issue. Other investors include Societe Generale, Bandhan Mutual Fund and Bajaj Allianz Life Insurance.

While at this point of time, there are many reasons to be bullish. Right from the result of state elections to GDP numbers to trends in oil prices to US bond yields. However in bullish times there is just one reason to be cautious and that is valuations. At a time when stocks of companies which are under insolvency and where the bottomline has been in red for ages are flying as if there is no tomorrow. So while being bullish don't forget the fact that at the end of the day, fundamental matters and especially when one is looking to take exposure in mid-cap stocks, have more checks and balances by putting more filters. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Investors will soon have the option to trade in the secondary market using blocked funds in their bank accounts without transferring these funds to the stock broker.

The shares however, pared their losses as the session proceeded and at 11:20 the Embassy Office was down by 0.22% and was trading at Rs 335 on the NSE.

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Wednesday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Bhavish Aggarwal-led Ola Electric is set to file for its initial public offering in the next few hours, ET NOW has learnt from sources. Interestingly, this would be the first issue from an EV company while the 1st public offering by an auto company in 20 years. The company’s top management and bankers are in the final huddle for file for the issue. Kotak is the lead banker to Ola Electric IPO while Goldman and Citi are the others.

Insurance as a product has been existing for ages, but still the industry was growing at a very slow pace. The awareness and the need to have insurance on which companies had been spending tons of money got created without them spending even a penny, due to covid. But it came with its set of problems, more claims, more requirements of capital. Then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, a number of these problems will get resolved over a period of time. So does the current phase of consolidation is an opportunity for investors looking for a long term investment opportunity?

Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends.

The total promoter holdings in Astral stood at 55.85% at the end of the September quarter. Among the promoters are Jagruti Sandeep Engineer and Sandeep Pravinbhai Engineer while the promoter groups are Kairav Chemicals and Saumya Polymers LLP.

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Accenture reiterated its headline FY24 revenue growth guidance of 2-5% YoYcc but increased the inorganic contribution to more than 2% vs 2% earlier, which implies that FY24 organic growth guidance has been trimmed slightly. Management indicated no change in the demand environment – persistent weakness in BFS, CMT, and discretionary spends.

IRFC shares have outperformed Nifty in 2023 and over the last 12 months. The latter has given near 17% returns on a YTD and annual basis.

The Nifty opened on a mildly positive note but soon fell to corrective pressure. It ended the day with a minor gain.

The total promoter holdings in Astral stood at 55.85% at the end of the September quarter. Among the promoters are Jagruti Sandeep Engineer and Sandeep Pravinbhai Engineer while the promoter groups are Kairav Chemicals and Saumya Polymers LLP.

ETMarkets spoke to Manish Goel, Founder & Director, of Research & Ranking on markets, and things which investors should avoid doing when markets trade at record highs.

BevCo is engaged in the business of manufacturing and distribution of licensed PepsiCo Inc/ own-branded non-alcoholic beverages in South Africa BevCo has franchise rights from PepsiCo Inc. in South Africa, Lesotho, and Eswatini. Further, it also has distribution rights for Namibia and Botswana.

Exchange data showed that 1.78 crore shares of Nippon Life AMC changed hands in block deal window following which the stock rallied up to 8.2% to the day's and 52-week high of Rs 486.80.

Goldman Sachs maintained a buy rating on Container Corp but raised the target price to Rs 850 from Rs 750 earlier. The global investment bank expects a steady Q3 despite the busy season surcharge. It expects an 8% growth in volume for the quarter, and margins to be lower.

BSE mid and smallcap indices surged over 27% in the last six months, despite their higher valuations. Meanwhile, brokerage firm Elara Capital is bullish on pharma, real estate, auto ancillary, and leisure & hospitality stocks. Elara's top picks include Ashoka Buildcon, Indian Hotels, Samvardhana Motherson, Aurobindo Pharma and Aurobindo Pharma. Take a look:

Management expects strong double-digit value growth in the elite/premium wines and sees good growth momentum and expansion opportunities in wine tourism in the near-to-medium term.

The stock rose by about 10% in a week which helped the stock to break out from an Inverse Head & Shoulder pattern on the weekly charts. The neckline of the pattern was placed around 6100 levels.

DOMS Industries' public offer was subscribed 93 times at close. The category reserved for retail investors was subscribed the most at 69 times, followed by NIIs at 66 times. The QIB portion of the issue was booked 116 times. The company boasts a track record of impressive financial performance with consistent revenue and profit growth, further fueled by robust expansion plans that unlock exciting future potential.

Sula Vineyards is the largest producer and seller of wine in India, with over 60% market share in elite and premium wines in the domestic 100% grape wine market. Sula’s category development initiatives, distribution expansion and new channels (CSD) are driving decent topline growth for the company and reducing the reliance on Maharashtra, says Pankaj Kumar of Kotak Securities.

Ahead of the listing, the company's shares traded at a premium of Rs 157 in the unlisted market. At the upper price band, the company is valued at a P/BV of 2.4X with a market cap of Rs 5278 crore post the issue.

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on IDFC First Bank and Voltas, while Nooresh Merani has a buy/sell recommendation on Indusind Bank and Voltas for today's trading session. Check out the targets and stoploss.

The rise in Sensex and Nifty has been also supported by strong domestic macroeconomic data, lower oil prices, sustained inflows from mutual fund investors, record fortnightly foreign purchases and an improving US rate outlook.

Automobiles, infrastructure, capital goods, industrials, and realty were the best performing sectors in 2023, driven by the strong domestic demand, capex push by the government, and growing discretionary consumption.

Fresh record highs! Sensex rallies 400 points, Nifty tops 21,550; VBL surges 14%, Thyrocare 3%; TCS, Reliance, Tech Mahindra are some of the gainers in the morning trade.

An analysis of his portfolio shows that the investor's best performing stock is Tata Motors DVR which is up 138% so far in the calendar year. Rekha owned 1.92% stake in the company at the end of the September quarter.

Asian shares tracked Wall Street higher on Wednesday as U.S. rate cut fever lingered near the year's end, while oil held onto gains from the past two days after attacks by Houthi militants on ships in the Red Sea disrupted maritime trade.

Toshiba was delisted on Wednesday after 74 years on the Tokyo exchange, following a decade of upheaval and scandal that brought down one of Japan's biggest brands and ushered in a buyout and an uncertain future.