It is the sector which has led the rally which the market has witnessed in the last eight months and rightly so. If one looks at the history, the rallies which are led by the transportation and auto sector are more durable as sales of LCV and certain other auto segments is an indication of the economic situation on the ground. But given the fact too much liquidity is floating in the markets, some of the stocks have seen a sharp run with valuations moving upward sharply. That is probably the reason why analysts, while being bullish, are more cautious. So at a time when the desire to own stocks and invest is very high, it would be worthwhile to be slightly more watchful.

This report includes performance comparison of aggregate alternative investment funds or AIF benchmarks including Category I and II equity funds that invest purely in unlisted securities belonging to vintage years fiscal 2013 to 2022, with corresponding public market equivalent (PME) values using the S&P BSE Sensex TRI.

While large cap as a set of stocks have seen a phase of under performance, thanks to the fact that in case of large cap, it is large deep-pocketed FIIs which play an important role in stock price movement and they have been on and off when it comes to Indian markets. But there are certain stocks which are making a comeback after a phase of underperformance. 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.

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 Thursday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Indian benchmark equity indices advanced to new all-time highs on Thursday as a global rally spilled over to regional markets after the US Federal Reserve flagged the end of its tightening cycle and bolstered expectations of a rate cut in March 2024. Meanwhile, in today's trade, six Nifty50 stocks also hit new 52-week highs. Here's a list:

The DCF-based fair value of the stock is Rs 670 which is valued at 55X 1-year P/FCF, Kotak said.

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 & Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

The Federal Reserve kept its key interest rate unchanged on Wednesday for a third straight time, a sign that it is likely done raising rates after having imposed the fastest string of increases in four decades to fight a painfully high inflation.

In an interview with ETMarkets, Ramesh Mantri, CIO, WhiteOak Capital AMC spoke about the outlook for markets in 2024, the firm’s stock selection strategy, the near term flow picture for India, and his view on midcap and smallcap stocks.

The Nikkei ended 0.73% lower at 32,686.25 after rising as much as 0.6% earlier in the session. The index opened higher tracking overnight Wall Street gains.

NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in the broader Nifty Index, while shares of Coal India are up 55% for their best year in 2023.

On the back of buying by foreign investors as well as the unwavering support shown by domestic institutions and retail investors, Sensex has rallied around 3,500 points in December alone

DOMS IPO comprises fresh equity issue worth Rs 350 crore along with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.

Considering publically-available data with bourses, LIC's equity portfolio has risen by about Rs 80,300 crore to Rs 11.7 lakh crore now. At the end of the September quarter, LIC's equity portfolio was estimated to be worth around Rs 10.9 lakh crore, shows ACE Equity data.

All 10 stocks in the Nifty IT index were in the green. The midcap counter Coforge was also up over 5% and hit its 52-week high of Rs 6,139.95 on the NSE. Notably, the top five gainers in the Nifty index were also from the IT space with Tech Mahindra taking the lead with near 4% gains. Others including HCL Technologies, LTIMindtree, Wipro and Infosys gained up to 3.5%.

SAMHI’s hotels are located in 13 cities in India that constitute key urban consumption centers across the country, which collectively account for 70% of the air passenger traffic and 90% of office space in India, as of March 2023, according to Arun Agarwal – VP and analyst – fundamental research, Kotak Securities.

The Nifty saw strong corrective pressure. It recovered to end with negligible gains.

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.

The breakout has opened room for the stock to head towards 350 levels which could take the stock to a fresh 52-week high in the next 4-6 weeks, suggest experts.

SAMHI Hotels, which operates a portfolio of prominent international brands, including Marriott, Hyatt and IHG, has seen occupancy levels reaching above 70% in FY23, and the company intends to focus on increasing ARRs and improving operating margins, while driving occupancies further.

The Bank of England, the Swiss National Bank and Norway's Norges Bank are also holding their last meetings of 2023, a year marked by steep hikes in borrowing costs as policymakers battled to tame runaway consumer prices.

The overall market sentiment remains bullish on Thursday, and considering the current levels, traders are advised to initiate fresh long positions, Kunal Shah, LKP Securities said. A stop-loss can be set at 20,800, targeting potential upside levels of 21,400/21,500 in the near term, he adds.

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year.

Dovish Fed powers D-St to fresh record highs! Sensex surges 650 points; Nifty above 21,000; Yes Bank, NBCC, Vodafone Idea are some of the gainers in the morning trade.

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 SBI and L&T Finance Holdings, while Nooresh Merani has a buy/sell recommendation on SBI and Hero Moto for today's trading session. Check out the targets and stoploss.

"The Fed would like to see either a substantial fall in inflation, but also, the problem is the labor market is hot," Rajan, who is a well known commentator on the global economy, said Wednesday. "The Fed may think if rates are not doing damage, why worry."

"Some customers have seen inaccuracies and delays in the delivery of execution reports. We are working to reach a prompt resolution to deliver the correct execution reports. FIX/RASH was closed down for the rest of the day. The closing cross was completed and all other markets are operating normally," the exchange operator said in a statement.

The purchases bring Berkshire's stake in Occidental to about 27%. The company also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion, or $56.62 apiece.

The Federal Reserve held interest rates steady for a third meeting and gave its clearest signal yet that its aggressive hiking campaign is finished by forecasting a series of cuts next year. Officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers penciled in no further interest-rate hikes in their projections for the first time since March 2021, based on the median estimate.

Etsy will lay off 225 people, about 11% of total staff, and will incur financial charges of between $25 million and $30 million for severance payments, employee benefits and related costs, the company said in regulatory filings on Wednesday.

Mainland Chinese bluechips edged up by 0.65%, while Hong Kong's benchmark advanced 1.7%. Australian shares were up 1.6%. However, Japan's Nikkei slid 0.4%, weighed down by the yen's sharp rally.

Stocks that were in focus include names like Axis Bank, which fell 1.25%, Sonata Software, which was down 4%, and PI Industries, whose shares declined 1.7% on Wednesday.

All three major U.S. stock indexes jumped to fresh closing highs for the year after the Federal Open Markets Committee (FOMC) left its fed funds target rate unchanged at 5.25%-5.50%.

"People are not writing down rate hikes" in their latest economic projections, Fed Chair Jerome Powell said in a press conference following the end of the central bank's final policy meeting of the year.

“Samvardhana Motherson has completed the formation of a fresh buying pivot, after retesting the neckline area of the previous consolidation range. Traders can buy for a target of Rs 106 in the next 1-2 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

Sebi had alleged that Reliance Strategic Investments, along with Morgan Stanley France (MSF), had knowingly traded in the puts of strike price 11,400 PE at a discount of 15%, 35% and 37% to the intrinsic value of the put options on July 31, August 8, and August 10, 2017, respectively.

"The Fed would like to see either a substantial fall in inflation, but also, the problem is the labor market is hot," Rajan, who is a well known commentator on the global economy, said Wednesday. "The Fed may think if rates are not doing damage, why worry."

​​Noteworthy wealth creators in this period include Reliance Industries, TCS, ICICI Bank, Infosys and Bharti Airtel. Lloyds Metals emerged as the fastest wealth creator with the stock returning 79% on a compounded basis in this period.

A central clearer acts as the buyer to every seller, and seller to every buyer, guaranteeing trades in case either party defaults.

Private equity firm Bain Capital has offloaded 1.1% stake in Axis Bank through the open market on Wednesday, thereby taking home over Rs 3,700 crore.

The Nifty IT index dropped 1.35% on Wednesday, while the benchmark Nifty ended flat. TCS shed 2% and Infosys fell almost 1.8%.

The Fed's policymakers also signaled that they expect to make three quarter-point cuts to their benchmark interest rate next year, fewer than the five envisioned by financial markets and some economists

​​Analysts say that insurance companies have managed to increase premiums on most of their existing policies by 20-30%. Given this increase, the profitability of insurance companies is likely to improve in the coming quarters, making current valuations attractive.

A bounce back has added momentum to the stock which could take it above 100 levels in the next 1-2 months, suggest experts. Short-term traders can look to buy the stock as long as it trades above 87 levels.

The Dow Jones Industrial Average rose 218.31 points, or 0.6%, to 36,796.25, the S&P 500 gained 29.85 points, or 0.64%, to 4,673.55 and the Nasdaq Composite added 85.29 points, or 0.59%, to 14,618.69. Stocks have been rising in recent weeks on the view that the Fed is likely done hiking rates and will shift to rate cuts next year.

Officials decided unanimously to leave the target range for the benchmark federal funds rate at 5.25% to 5.5%, the highest since 2001. Policymakers penciled in no further interest-rate hikes in their projections for the first time since March 2021, based on the median estimate.

Central bank holds policy rate in 5.25%-5.50% range. Officials see 75 basis points of cuts next year. Fed's 'soft landing' scenario still on the table.

Money markets have almost fully priced in the Fed holding rates at the current level of 5.25% to 5.50% later in the day. Traders now see a possible monetary easing next year, estimating a nearly 78% chance of at least a 25-basis-point rate cut in May 2024, according to the CME's FedWatch tool.

Revenue from Pfizer's COVID-19 vaccine and treatment, which peaked at $57 billion in 2022, are now expected to be $8 billion in 2024, a further drop from the $13 billion analysts' forecast and Pfizer's own lowered view of $12.5 billion for this year.

Hemen has played a pivotal role in the evolution of the ETF market in India and has facilitated the growth of the passive fund management industry through his contributions at myriad industry and regulatory committees.