Arvind SmartSpaces, the realty arm of Lalbhai Group, operates predominantly in Ahmedabad, Bengaluru, and Pune, and it offers both horizontal and vertical developments.The company’s strategic partnership with HDFC Capital Advisors, periodic promoter fund infusions, and an unlevered balance sheet are expected to materially scale up operations going ahead, says Ronald Siyoni of Sharekhan by BNP Paribas.

Jefferies maintained a buy rating on ITC with a target price of Rs 530. ITC’s largest shareholder, British American Tobacco (BAT) not averse to going down to 25% in ITC and seems open to disposing of ITC Hotels.

From the Sensex stocks, Nestle India, Sun Pharma, Reliance Industries, NTPC, and Maruti opened in the green, while TCS, HDFC Bank, IndusInd Bank, and Kotak Bank opened in the red.

Sensex, Nifty flat; Apollo Tyres climbs 5%, ZEEL drops 2%; Nestle India, Sun Pharma, Reliance are some of the gainers in the morning trade.

In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani.

The price action was supported by strong volume action with traded volume reported over 19.72 lakh shares. Meanwhile, on the BSE the spurt in volume was a whopping 224 times. Momentum indicators RSI and MFI showed day’s levels at 64 and 65, respectively, according to Trendlyne data. Apollo Tyres shares are currently trading above their 50-day and 200-day simple moving averages (SMAs).

The admissions from these usually gloomy forecasters mark a turning point after they advised clients to stay cautious on US stocks this year — even as the market surged toward double-digit gains that have left major indexes at or near record highs.

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 Ibulls Housing Finance and Hind Copper, while Nooresh Merani has a buy/sell recommendation on PVR Inox and Granules India for today's trading session. Check out the targets and stoploss.

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Stocks that were in focus included names like IRCTC, which rose 12%, Siemens, which fell 1.7%, and Nalco, whose shares jumped 4.7% on Monday.

The acquisition of U.S. Steel, which prevailed in an auction for the steel giant over rivals including Cleveland-Cliffs, will help Nippon Steel move toward 100 million metric tons of global crude steel capacity.

SPY’s inflows coincided with several events known to increase trading activity, said Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors. Friday was the final trading day before the S&P 500 and Nasdaq 100’s rebalancings went into effect, which can prompt funds managing trillions of dollars to readjust to align with new index compositions.

These successes mark a string of big hits dealt by the firm founded by Nate Anderson. A scorecard of 14 of the firm’s prominent bets since 2020 shows many of its targets decline once the short position is unveiled. Shares on average dropped about 9% on the first day, and were down 30% a year later, according to calculations by Bloomberg News.

U.S. stocks gained ground on Monday as market participants parsed mounting expectations of interest rate cuts from the Federal Reserve in the coming year and looked ahead to a week of crucial economic data.

Asian shares and the yen steadied early on Tuesday as traders' focus turned on Japan's central bank and whether it might edge further away from its ultra-easy monetary policy, while global equities continued to cheer the prospect of U.S. rate cuts.

“From past two weeks once again, lower-level buying has emerged into the prices as the stock has given almost a V shape recovery from its 200-Days EMA on daily charts. Traders can buy for a target of Rs 112,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

This is the second interim dividend announced by the company in the current financial year, with the first being ₹18.50/share in May.

According to a Reuters report, the government permitted the diversion of 1.7 million metric tonnes of cane juice and B-heavy molasses for ethanol production on Friday.

This year's different. It's a bumper month for equity issuances as India Inc is poised to secure a record-breaking ₹20,989 crore from initial public offerings (IPOs), qualified institutional placements (QIPs), and other avenues such as rights issues and offers for sale, beating the previous best of ₹13,758 crore seen in December 2017.

Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.

​Last week, lenders unanimously voted on a resolution plan given by Punjab State Power Corp (PSPCL), said the people cited above. KPMG-backed resolution professional, Ravi Sethia, has filed an application with the National Company Law Tribunal (NCLT) to get the plan approved.

​​Sapphire Foods Mauritius divested 33.37 lakh shares, constituting 5.24% of the total equity capital, while Samara Capital Partners sold 4.49 lakh shares, equivalent to 0.71% of the total equity, at an average price of Rs 1,400 per share.

In Sapphire Foods, promoter group entities – Sapphire Foods Mauritius and Samara Capital sold stakes in the company through the open market.

In theory, when the price-to-earnings (PE) ratio - a popular valuation measure - of a stock or an index is above averages, the stock is considered richly valued and is considered to have limited upsides.

In an update on its website, the BoE said that the date of recognition for the CCIL was December 15, 2023, while listing out the classes of financial instruments that the local clearing house has been recognised to provide clearing services for in the UK. The BoE listed the home authority as the RBI, which is the supervisor of the CCIL.

The stock hit a 52-week high of Rs 103 on 5th September 2023, but failed to hold on to the momentum. It witnessed lower lows on the weekly charts and that formed a channel structure. The stock finally found support above the 50-week Moving Average on the weekly charts above Rs 80 levels. It has recently found momentum since November, which helped Motherson break above the falling trendline of the channel on the weekly charts.

The company said in a regulatory filing that lenders may demand immediate payment of $65.3 million in debt after it failed to file its third-quarter results on time. SunPower said it was currently in talks with the lenders for a waiver, adding that if it failed to secure one, it would not have sufficient funds for its day-to-day operations.

Oil majors Chevron climbed 0.8% and Exxon Mobil added 1.7% as crude prices rallied nearly 3% as mounting attacks by the Yemeni Houthis on ships in the Red Sea disrupted maritime trade and raised concern of supply disruption.

Unlike 2023, when the so-called Magnificent Seven group of mega-cap growth and technology stocks have powered the majority of the year's advance in the S&P 500, the upcoming gains in the stock market will come from cyclical sectors and companies with smaller market capitalization, Goldman said in a note late on Friday.

Equitas and Ujjivan lead the show with more than 80% jump in market capitalisation this year while Suryoday bounced back after dips in the previous two years. AU, already enjoying a high valuation, has delivered a consistent performance.

In case of Credo Brands, out of the total allocation of 58.9 lakh equity shares to anchor investors, 24.99 lakh shares were allocated to domestic mutual funds through a total of 3 schemes amounting to Rs 70 crore which is 42.4% of the total anchor book size.

The company added that this minority stake sale will enable debt reduction and establish the market value of the business per their longstanding objective of unlocking value for shareholders.

Indian benchmark equity indices fell on Monday after rallying to record highs for most of this month as high-weightage banks took a breather following a recent rise. The S&P BSE Sensex closed 0.24% lower at 71,315, while the NSE Nifty 50 index closed below the 21,450 level."We believe that the markets have taken a breather after the sharp rise seen last week. So any corrections are likely to be short-lived and can be utilized to buy into quality stocks. Immediate resistance is now at 21,483," said Subash Gangadharan, senior technical and derivative analyst at HDFC Securities.Here are 4 stock recommendations for Tuesday:

Private equity firm Samara Capital exited the company through the sale of its entire 0.7% stake or 4,49,999 shares for around Rs 63 crore, bulk deals data on the BSE showed. The shares were sold at Rs 1,400 apiece. Meanwhile, in Archean Chemical Industries, Piramal Enterprises sold 3.4% stake through the open market for around Rs 252 crore, bulk deals data on the NSE showed.

The cryptocurrency market traded in the deep red on Monday, dragged by losses in Bitcoin, Ethereum, Avalanche and Solana. In the last 24 hours, Bitcoin, the world's most valued cryptocurrency, was down 2.3% at $40,985, while Ethereum was down 3.6% at $2,134. Here are the crypto tokens that saw action on Monday:

In a regulatory filing on Monday, Adani Green Energy said its wholly-owned subsidiary Adani Renewable Energy Holding Nine Ltd has incorporated four wholly-owned subsidiaries on December 18.

The Dow Jones Industrial Average rose 34.98 points, or 0.12%, at the open to 37,352.14.

After underperforming for quite some time, the Nifty IT index received a strong boost from the US Fed’s pivotal stance last week, which helped the index end with weekly gains of 8%. But these 5 IT stocks are still far away from their lifetime highs. Take a look: (CMP as of December 18) (Souce: Ace Equity)

Sectorally, buying was seen in telecom, capital goods, consumer durables, and healthcare while realty, banks, utilities, and FMCG stocks saw some selling pressure.

In October, the board approved splitting shares of face value Rs 10 into 10 shares of Rs 1 face value each. The company received shareholders’ approval for the same earlier this month. This is the first time Nestle India is undergoing a share split since it got listed on the stock exchanges.

On the hourly charts, RSI indicator saw a bearish crossover within the oversold zone, hinting at a waning bullishness in the market, analysts said.

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 Monday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Monday's trading session, five stocks saw top short covering. Here's the list:

The stock has rallied nearly 40% from its 52-week low of Rs 922.45, the stock hit in May, this year. Its one-year returns stand at 27% which is higher than 16% returns given by broader Nifty during this period while lower than the Nifty Pharma index which has given over 29% returns.

Benchmark equity indices Sensex and Nifty declined on Monday due to profit-taking by investors after a record-breaking rally in the last week and a largely weak trend in Asian markets. Snapping its three-day rally, the 30-share BSE Sensex declined 168.66 points or 0.24 per cent to settle at 71,315.09. During the day, it fell 341.46 points or 0.47 per cent to 71,142.29. The Nifty fell by 38 points or 0.18 per cent to 21,418.65.

Nifty Banks and Financial Services lost 0.6% and 0.4%, respectively, after rising 2% each in the last two sessions. Information technology stocks fell 0.3%, snapping a two-session rally in which the index rose about 8%.

Indian benchmark equity indices opened lower on Monday after rallying to record highs for most of this month. However, six BSE PSU index stocks hit new 52-week highs in Monday's trade. Here's a list:

The dividend of Rs 11 a share will result in a cumulative payout of Rs 4,089 crore, the company said in an exchange filing.

The company is receiving significant interest for the stake sale in Edelweiss Alternative Asset Management (EAAM), and the process is likely to be concluded in four to five months, Edelweiss said in a statement.