What multiple voices shouting from the rooftop about high valuations could not do, one small advisory from AMFI was able to achieve, bringing some correction in the mid-cap segment. Unlike the past few weeks, where a rotational profit booking was taking place, this time the correction is taking place across the board. Now how long it will continue will depend on multiple factors, right from how the flows to mid-cap funds shape up to a macroeconomic factor like how oil prices move up. If nifty witnesses more corrections it appears that midcap may lead the correction. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

It is after a long period of time, that one can see corrections not in absolute terms but also the fact that when global markets are rising Indian markets have not been able to move higher. Once again on wednesday, there was minor intraday up move in nifty, but the mid cap continued to stay under pressure. Being the last month of the financial year, liquidity during this period tends to be tight. So there's a chance that the midcap segment which is sitting on gains is likely to stay under pressure for some more time. In such times, there is no full proof way, but putting some filter would help at least in avoiding some mistakes. So, staying with the large caps segment, in that too staying with some segment sectors where the tailwind of either policy push or any other would be a better choice. We look at the stocks which have seen an improvement in analysts in the last one month which has been a volatile period for the market.

Smallcap stocks faced challenges in FY24, with some experiencing significant losses. The market saw a rally despite these setbacks, driven by retail, foreign, and mutual fund investors, leading to a surge in market capitalization.

The stock traded amid significant volumes with more than 1.69 crore shares changing hands on the NSE around 10 am. The total traded value of the share stood at Rs 98.81 crore around this time.

Fed Chair Powell's hints of an interest rate cut in June boosted Indian markets. The market capitalisation surged, rate cut odds rose, and various sectors saw gains. Meanwhile, US treasury yields declined, and global markets rallied.

Dalal Street's midcap stock debate intensifies as investors make strategic moves. Significant exits and new picks impact the market. Portfolio adjustments indicate shifting trends in the sector, with focus on specific stocks for potential growth and stability.

Nifty opened modestly positive and closed with a minor gain in a choppy market.

Fed's messaging sparked a global rally in stocks. Wall Street ended 1% higher overnight, Japan's Nikkei and Hong Kong's Hang Seng were trading 2% higher while Sensex jumped over 700 points. A majority of 67% Wall Street traders are expecting the Fed to cut rates by 25 bps in its June meeting, shows CME FedWatch Tool.

Fed Chair Powell's hints of an interest rate cut in June boosted Indian markets. The market capitalisation surged, rate cut odds rose, and various sectors saw gains. Meanwhile, US treasury yields declined, and global markets rallied.

Krystal Integrated Services IPO saw strong investor interest and was oversubscribed by 12 times. The company focuses on diverse sectors, showing robust financial growth despite challenges with limited clients and a wide geographic presence.

E-commerce players such as Meesho, Amazon.com, and Flipkart are working on driving volumes and meaningfully improving their logistics cost structure. Delhivery stands to be one of the lead beneficiaries as a third party logistics services provider, says Amit Agarwal of Kotak Securities.

Online fashion retailer Meesho’s recent decision to give more traffic to its captive arm potentially suggests its endeavor to hedge against pricing moves by its vendors.

Jefferies, HSBC, BofA, CLSA, and Kotak Securities offer buy views on Bharti Airtel, MGL, Cummins, Bajaj Finance, Avenue Supermarts, and IRB Infrastructure, respectively. Various targets set for each stock.

As many as 70 smallcap stocks saw a double-digit fall of up to 81% in the current financial year, which is drawing to a close. Of these, 30 stocks have lost more than 20% this year.

Shareholders have raised $7.1 billion selling their holdings in India so far this year, with the quarter on track to have raised the most from block trades since the January to March period in 2010, data compiled by Bloomberg show.

Fed Chair Jerome Powell said that recent hot inflation readings had not changed the underlying story of slowly easing price pressures and reiterated the central bank's earlier forecast of soft landing for the world's largest economy.

Stocks that were in focus included names like LIC, which fell 1.21%, Zomato, which jumped 5%, and Bharti Airtel, whose shares rose 0.26% on Wednesday.

In their quarterly Summary of Economic Projections, officials raised the median outlook for 2025 and 2026, and more importantly, increased their longer-run median interest rate outlook above 2.5% for the first time in five years.

Powell's remarks, the most explicit so far about plans to slow a process that has seen about $1.4 trillion of bonds roll off the Fed's balance sheet, was seen by several Wall Street analysts as a signal that a tapering plan will be unveiled as early as the Fed's next meeting on April 30-May 1.

Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and giving the ailing technology IPO market a much-needed boost.

The stock traded as high as $63.50, after opening at $52.56 each, versus its initial public offering (IPO) price of $36 apiece. The stock was last up 69% at $60.88.

The Fed's policy statement described inflation as remaining "elevated," and it raised economic projections for economic growth and lowered its projection for the unemployment rate from estimates it provided in December.

Japan's Nikkei went up 1.5% to a fresh peak over 40,000 in early trade. MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.6%. Spot gold, an expected beneficiary of lower interest rates as yields on bonds come down, spiked to a record $2,222 an ounce.

Markets are expected to remain in consolidation mode due to several events and would keenly track on the US Fed commentary which would provide direction on its future rate action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

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“HCL Technologies stock is forming a ‘Higher Top Higher Bottom’ structure and is thus in an uptrend. Traders can buy the stock for a target of Rs 1760-1820 in the next 1-2 months,” Ruchit Jain, Lead Research, 5paisa.com, said.

Motilal Oswal Asset Management said in a note that the valuation premium that mid-cap and small-cap indices held over Nifty has halved to 14% for both against 24% and 29%, respectively.

Two-thirds of the survey respondents said a recession is "unlikely" in the next 12 months with 62% forecasting a "soft" landing, while 23% said "no" landing (5% in October 2023) and 11% said "hard" landing (30% in October 2023). Bank of America said 226 fund managers with $572 billion of assets under management (AUM) participated in the March survey.

Existing investors such as the promoter family offices of TVS Capital, Ajanta Pharma, Pidilite, Dalmia and Dabur are likely to invest in this Category-III Alternative Investment Fund (AIF), said people in the know. The private investment in public equity (PIPE) fund has already received commitments worth ₹500 crore, they said.

Sebi's response came on a writ petition filed by Chandra, chairman emeritus of Zee Entertainment, on March 5 challenging the summons issued to him in connection with an ongoing probe by the market regulator.

A key reason for the underperformance was that the stocks, which appreciated well in the benchmark index, were missing in the portfolio of the majority of the schemes. "In 2023, the markets were driven by liquidity. A large number of stocks went up irrespective of fundamentals. Since mutual funds avoided such momentum stocks, their returns lagged that of the benchmark," said a fund distributor on condition of anonymity.

The survey by law firm Khaitan & Co shared exclusively with ET, showed that companies will use domestic arbitration for both small disputes (75%) and large disputes (85%) over any other dispute resolution mechanism.

"The JV has applied for a preliminary licence to the regulator and it will start with more than ₹300 crore of initial investment," said a source aware of the plans. Another insurance veteran, V Jagannathan, the founder of Star Health and Allied Insurance Company, has also sought to set up a standalone health insurance company, as reported earlier.

"The loan will be priced 110 basis points above the six-month SOFR rate with a reset clause after every six months linked to the then prevailing SOFR rate," said a person familiar with the deal. One basis point is 0.01 percentage point. The six-month SOFR is around 5.39%. The final pricing of deal is likely to be around 6.49%. Bank of Baroda has agreed to underwrite the whole amount initially with a possibility of a loan syndication after a few months.

Lenders had offered different parts of the company for sale after the initial attempt to sell the whole company failed to get substantial bids. Future Enterprises owes creditors more than ₹13,540 crore. Central Bank is also the largest creditor to the group with more than ₹4,000 crore of admitted claims between the bank and its arm Centbank Financial Services.

The all-cash deal involved Omkara paying ₹300 crore to buy the ₹450 crore principal outstanding of Park Hyatt in Hyderabad, a 5-star luxury hotel consisting of more than 200 rooms including 25 suites and 40 serviced apartments in Hyderabad. The total debt outstanding including interest and principal is ₹700 crore.

The Burmans have threatened the Care board that if it fails to nullify the employee stock options, then legal action will be taken against the directors, including attachment of their personal assets.

​​These companies are tracked by at least 10 analysts. Ujjivan Bank, Bandhan Bank, PSP Projects, Vedant Fashions, PNB Housing Finance, Prince Pipes & Fittings, Transport Corp, Greenpanel Industries, Galaxy Surfactants, and Somany Ceramics, could return at least 25%, according to average price targets on Bloomberg.

The Board of TVS Motor approved a scheme of arrangement between the company and its shareholders, under which, it will issue and allot cumulative redeemable preference shares by way of bonus.

The S&P BSE Sensex stock hit a record high of Rs 1,696 on February 23, 2024, but failed to hold on to the momentum. It witnessed consolidation, which was in line with the trend seen in benchmark indices. Despite the recent fall, the technology stock is still trading above crucial short- and long-term moving averages on the weekly charts, which is a positive sign for the bulls.

Larsen & Toubro acquired 1.20 crore units of National Highways Infra Trust at Rs 124.71 per unit, securing 11.02% unitholding. The trust, sponsored by NHAI, had a deal value of Rs 149.65 crore.

The Fed's new policy statement described inflation as remaining "elevated," and updated quarterly economic projections showed the personal consumption expenditures price index excluding food and energy rising at a 2.6% rate by the end of the year, compared to 2.4% in the projections issued in December.

Wall Street awaits Federal Reserve meeting outcome on interest rates and monetary policy. Market indices show minimal changes. Focus on policy statement, economic projections, and Chair Powell's conference. Traders pulled back bets for a June rate cut to 64% from 71% at the start of last week, according to CME FedWatch data.

Sebi halts action on Chandra's summons after court challenge. Accusations of predetermined probe. Justices permit 3-week pause. Mustafa Doctor mentions key dates. Involves stock market regulator.

LIC terminated Yogesh Garg due to Sebi's front-running order. Sebi banned 5 entities, including LIC staff, for front-running. Stringent measures in place for monitoring and prevention of illegal trading activities.

A key reason for the underperformance was that the stocks, which appreciated well in the benchmark index, were missing in the portfolio of the majority of the schemes. "In 2023, the markets were driven by liquidity. A large number of stocks went up irrespective of fundamentals. Since mutual funds avoided such momentum stocks, their returns lagged that of the benchmark," said a fund distributor on condition of anonymity.

A Trendlyne screener shortlisted stocks with high bearish estimates. The number of bearish estimates is the sum of strong sell and sell calls from analysts covered by the forecaster data set. The list includes prominent names like Wipro, and Vodafone Idea, among others. (Take a look)

Indian shares closed marginally higher on Wednesday, led by energy stocks. The S&P BSE Sensex closed 0.12% higher at 72,102, while the NSE Nifty50 index ended above the 21,800 level."The near-term trend of Nifty remains weak. Further upmove from here could find strong overhead resistance around 22,150-22,200 levels in the next few sessions and this is likely to be a sell-on-rise opportunity. Immediate support is at 21,700," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 5 stock recommendations for Thursday:

The Dow Jones Industrial Average fell 38.71 points, or 0.10%, at the open to 39,072.05.

An FPI having over 50% of its Indian equity assets under management (AUM) in a corporate group has been exempted from making additional disclosures subject to three conditions.