Stocks that were in focus included names like YES Bank, which rose 11.62%, PB Fintech, which fell 6.15%, and Fortis Healthcare, whose shares increased 4.3% on Tuesday.

Asian stocks firmed on Wednesday as investors waited to see if Beijing's increasingly frantic efforts to prop up its sagging share markets would actually work, while bonds enjoyed a reprieve from recent selling.

DBS Group, Singapore's biggest bank, maintained guidance for net interest income for 2024 at around last year's levels after posting a 2% rise in fourth quarter net profit, beating expectations.

Minneapolis Fed President Neel Kashkari said the central bank is "not done yet" with inflation although he noted it had come down quickly with three-month and six-month inflation data "basically" at the Fed's 2% goal.

The crucial opening downside gap of 17th Jan is now placed at the verge of decisive upside breakout at 21970 levels. Immediate support is at 21750 and the next overhead resistance to be watched around 22125 levels, said Nagaraj Shetti of HDFC Securities.

The Reliance Group, India's most valuable company led by billionaire Mukesh Ambani, currently holds the second position on the market-cap leaderboard - at ₹21.60 lakh crore. The Adani Group, with interests across various infrastructure sectors and capital-intensive commodities, is ranked third, with a combined market value of ₹15.54 lakh crore.

“SBI is currently trading well above its ascending triangle pattern taking strong support at its previous resistance line and 20-day EMA on the weekly chart. Traders can buy for a target of Rs 710 in the next 5 weeks,” Jay Patel, Research Head at Investmentor Securities Limited, said.

Prospective bidders have been given time until December 23 to submit fresh resolution plans with January 2, 2024 being set as the date for issuing the provisional list of prospective applicants., documents accessed by ET showed.

NARCL is set to acquire loans of Simplex Infra following an uncontested Swiss auction. The state-backed bad bank has made a binding offer of ?640 crore for debt-laden engineering, procurement, and construction company Simplex Infrastructure, which is less than 7% in recovery to lenders. Simplex owes lenders, led by Punjab National Bank (PNB), a total of Rs 9,600 crore and is one of the largest accounts to be referred to bankruptcy courts in recent times. NARCL is preparing to acquire the loan in cash and security receipts (SRs).

"No other bank has such a complete range of products addressed to the SME segment as HDFC Bank," said Vidya Pradeep, executive vice-president, credit and debit card portfolio, HDFC Bank. She also said that the bank will soon be launching GIGA business card catering to freelancers and gig workers.

The bank garnered bids close to $3 billion from institutional investors in Asia, which included bids for the bank's first sustainable bond, which has a three-year tenure and another bond which had a five-year tenure, sources aware of the development told ET.

Biocon has tentative approval from USFDA for Dasatinib Tablets, which are used to treat Philadelphia Chromosome Positive Chronic Myeloid Leukemia.

The country's largest software services company, which made its stock market debut in 2004, was the first ever to cross the ₹5-lakh crore mark in 2014.

Foreign holdings in NSE-listed companies was at 18.19% as of December 2023 down from 19.66% in December 2018 or 19.36% as of December 2013. FIIs holding hit a peak of 21.21% in December 2020.

Sebi has observed that at times, draft offer documents filed with it for public and rights issue of securities are found lacking in compliance with its disclosure rules.

JP Morgan Securities Asia Pacific invested ₹830 crore while Tata Capital ₹800 crore, Sachin Bansal-promoted Navi Finserv ₹300 crore, and HSBC ₹200 crore from its branch in Gujarat International Finance Tec-City (GIFT City), people cited above said.

Earlier, the IRDAI prescribed lock-ins based on the age of the insurer, with waivers granted only in extraneous situations. In certain cases, the regulator had waived the lock-in for DHFL General Insurance. In 2020, this company was acquired by Flipkart co-founder and former CEO Sachin Bansal from Kapil Wadhawan-led financial services group Wadhawan Group Capital (WGC) for ₹100 crore as a distressed sale due to the bankruptcy of DHFL.

The national lender, which is also part of the S&P BSE Sensex, hit a record high of Rs 660 on December 20, 2023, but failed to hold on to the momentum. The stock found support above the neckline of the Ascending Triangle pattern on the weekly charts, which suggests that bulls are here to stay.

Shares were off about 1% at $696.82 after gaining about 11% in January, making Lilly the eighth largest company in the U.S. by market capitalization and most valuable healthcare company.

The number of monthly active users rose by 23% to 602 million in the fourth quarter, beating Spotify's guidance and analysts' forecasts of 601.33 million. Premium subscribers, who account for most of the company's revenue, rose by 15% to 236 million, topping estimates of 235.1 million, according to IBES data from LSEG.

With around half of the S&P 500 companies having reported earnings, 80.4% have surpassed expectations, according to LSEG data last week. Overall S&P 500 earnings are now expected to have risen 7.8% in the fourth quarter from the year-ago quarter.

SVL which is in asset management and investment management has assets under management of Rs 33,055 crore at the end of December 2023.

On the rationale behind the fund, he said passive investing is becoming more and more acceptance today and the new fund recognises the need to provide an investment option that aligns with the evolving preferences of today's investors.

​ The U.S. securities regulator is set on Tuesday to adopt a rule requiring proprietary traders and other firms that routinely deal in U.S. government bonds and other securities to register as broker-dealers, subjecting them to stricter oversight.

​ Markets regulator Sebi on Tuesday came out with guidelines for returning the draft offer document for public issues and its resubmission in a bid to provide greater clarity and consistency in the disclosures as well as for timely processing.

The rating agency has downgraded to Ba1 from Baa3 the senior unsecured rating for UPL Corporation Limited, it said on Tuesday.

The Dow Jones Industrial Average rose 12.78 points, or 0.03% at the open, to 38,392.90.

Benchmark indices Sensex and Nifty rebounded nearly 1% on Tuesday following buying in IT giants TCS and Infosys, foreign fund inflows and positive global trends. After a firm opening, the 30-share BSE Sensex climbed 455 points or 0.63% to settle at 72,186.09. As many as 19 Sensex shares advanced and 11 declined. During the day, the barometer jumped 530 points or 0.73% to 72,261.40.The Nifty gained 157.70 points or 0.72% to close at 21,929.40, driven by gains in BPCL, HDFC Life and HCL Tech.A rebound in Chinese markets also bolstered the sentiment, analysts said."The crucial opening downside gap of 17th January is now placed on the verge of decisive upside breakout at 21,970 levels. Immediate support is at 21,750 and the next overhead resistance to be watched around 22,125 levels," said Nagaraj Shetti, HDFC Securities.Here are 3 stock recommendations for Wednesday:

Nifty exhibited a predominantly sideways trend throughout the day, with traders expressing uncertainty regarding the market's direction. A range-bound movement is expected to persist until a breakout occurs on either side. A decisive upward move beyond 21,950 has the potential to propel the Nifty towards 22,200.

The Nifty50 closed 157 points higher at 21,929 while the S&P BSE Sensex closed with gains of over 450 points. Sectorally, buying was seen in oil & gas, IT, telecom, energy, and metal space while power, banks, and FMCG saw some selling pressure.

TCS ended 4% higher on Tuesday as its market value crossed the Rs 15 lakh crore milestone for the first time. Both Tata Motors as well as Tata Steel are near their 52-week peaks, while another Nifty stock Titan is up 23% in 6 months.

Short covering refers to the buying of shares in order 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 Tuesday's trading session, five stocks saw top short covering. Here's the list:

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

China's securities regulator said on Tuesday it would suspend brokerages from borrowing shares for lending and cap the size of the so-called securities re-lending business, as part of further efforts to curb short-selling.

A Chinese state investment fund promised to expand its purchases of stock index funds, signaling Beijing's resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy.

From the Senses pack, HCL Tech, TCS, Maruti and Wipro were the top gainers, rising 3.5-4.5%. L&T, Infosys, Tata Steel, Bharti Airtel, SBI, and Tech Mahindra also closed higher, while Power Grid, IndusInd Bank, ITC, Kotak Bank and Bajaj Finserv closed with cuts.

Domestic benchmark equity indices shrugged off a dull start to move higher on Tuesday, led by IT stocks on improving prospects of a soft landing in the U.S. economy, although a drop in energy stocks kept a lid on gains. As per data available on StockEdge, several BSE PSU stocks outperformed the benchmark S&P BSE Sensex index on a one-week and three-month basis as of February 5. Here's a list:

Analysts said investors who got the allotment can book partial while holding the rest for the medium term. BLS E-Services enjoys a long-standing partnership with leading banks, ensuring a stable revenue stream and recurring business. It operates in a high-growth industry driven by increased digitization and financial inclusion initiatives.

How a set of stocks reacts to the news is one of the variables which give a fair idea about whether the stock prices have bottomed or not. If there is consistent negative news or even a narrative and the stock refuses to come down then it is an indication that probably the market has discounted the adverse news. Now let's use the same thing on Infy, TCS and HCL tech Q3 results reaction. The companies which have seen muted growth and given similar guidance, did not do something which was very different in Q3 results. No great expansion in margins nor any indication that tech spending is back in a major way. The only difference was the expectation of the street which has been extremely low. That is why the positive reaction was witnessed and that is probably an early indication that the worst of the slowdown has been priced in.

Gujarat-based Sanghi Industries, in which Ambuja Cements acquired a majority stake last year, has called for an extraordinary general meeting on Feb 8, Thursday to get shareholders’ consent.

Brokerage firm Axis Securities in its latest report has listed its top largecap picks for this month. Its top bluechip bets can deliver up to 26% return in the near term.

Dividend yield is one of the most important factors to consider while investing in dividend-paying stocks. It is an indicator of the return that investors are earning on their shares. Religare Broking has filtered the list of 10 stocks based on their fundamental strength. Take a look:

Domestic benchmark equity indices shrugged off a dull start to move higher on Tuesday, led by IT stocks on improving prospects of a soft landing in the US economy. Meanwhile, in today's trade, six Nifty50 stocks hit a new 52-week high. Here's a list:

The Nikkei index closed down 0.53% at 36,160.66, with 70 of the index's 225 constituents gaining against 154 decliners.

The movement of nifty and sensex needs to be delinked with what has happened in the last quarter and what might happen to mid-cap in the coming quarter. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of XYZ reasons. At this point of time there is no dearth of tips floating in whatsapp group and telegram channels. But there is enough evidence in history to show that more than anything else, it is time to use checks and balances while making investment decisions.

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 Friday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

VBL which follows the January-December calendar reported its Q42023 profit after tax (PAT) jump by 76% year-on-year (YoY) to Rs 143.80 crore with revenue growth in the October-December quarter at 21% YoY to Rs 2,667.70 crore. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was higher by 36% YoY to Rs 418.30 crore.

However, two stocks have formed a good setup on the technical charts and can give returns in the short term. The view taken for the stocks is four to six weeks.

Shares of Baweja Studios on Tuesday were listed at a premium of 1.6% over the issue price of Rs 180 at Rs 183 which was also its intraday high. The stock declined 5% to the day's low of Rs 173.85 on the NSE at 10:15 am.

Nifty gained speed after open and raised ahead. But it started losing speed soon after and ended with a loss.