​China's central bank will cut the amount of cash that banks must hold as reserves from Feb. 5, the first such cut for the year as policymakers extend efforts to shore up a fragile economic recovery amid plunging stock markets.

​Continuing her December quarter buying spree, ace investor Dolly Khanna added multibagger Savera Industries to her portfolio while raising her stake in Control Print.

JM has picked Waree Renewable Technologies, Insolation Energy and Premier Energy and Infrastructure as its top bet in the segment along with eight other stocks from allied industries.

Indian equity markets reversed early losses to edge higher on Wednesday, led by IT, FMCG, metal and energy stocks. Meanwhile, in today's trade, five midcap stocks from the Nifty200 index stocks touch new 52-week highs. Here's a list:

On Tuesday, when the whole market was reeling under pressure, two stocks reacted to their numbers in a positive direction. Both of them were large caps from one sector which is pharma. This becomes significant from three perspectives. First, that positive reaction was there on the day when there was a bloodbath on the street. Second, these stocks were already sitting on gains, so there is little probability of short covering leading to this sort of gains. Last but not the least it has come from sectors like pharma which have seen a very long phase of business remodelling and valuation readjustment, which makes it worth noticing. It might be too early to call, but if a re-rating gets momentum then they might be candidates for volatile markets.

​Japan's Nikkei share average fell on Wednesday as profit-taking continued from the last session, while traders interpreted the tone at the latest Bank of Japan (BOJ) meeting as hawkish.

Global funds sold $2.4 billion of Indian shares on a net basis last week, the most since June 2022. They sold another $374 million on Tuesday, according to provisional data, as trading resumed after Monday’s surprise trading holiday announcement.

The sharp surge in railway stocks was attributed to the anticipation of the government unveiling fresh investments for railway infrastructure development in the upcoming 2024 Budget. Also, expectations of strong Q3 results have contributed to the upward momentum in these railway stocks.

It was the second time in the last ten days that banks are leading to decline in the market and the midcap index is trading with cuts which were greater than broader market indices. Yesterday should serve as a reminder to all those who have been buying stocks in the last few weeks without even bothering to look both at fundamentals and valuations. For all those who are looking at taking fresh exposure in small and mid-cap segments it would be better that rather than doing post facto analysis they should do more homework by looking at some fundamental ratios and business of the company. Despite doing all this, one should be ready to see a draw down as risk cannot be eliminated but only managed.

While the bank nifty might be facing pressure in today’s trading session, it is because of the three private banks with high weightage in the indices witnessing selling pressure.For contrarian and short term traders there might be an opportunity given the fact that it has been witnessed that such moves are followed by short covering sooner or later. But again this probably is trade for high risk traders or investors who have the ability to take a stand against market narrative. 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.

Karnataka Bank reported the December quarter NII at Rs 827.60 crore down by 0.86% from Rs 834.76 crore reported in the year-ago period. Meanwhile, the NIMs were lower by 35 bps at 3.46% for the October-December quarter versus 3.81% reported in Q3FY23.

Indian Hotels Ltd, part of the hotel industry and owned by Tata Group, has rallied over 12% in a month to reach a fresh record high in January 2024. Short-to-medium-term traders can consider buying the stock now with a target of more than 500 in the next 3-4 weeks. The stock rose from Rs 424 to Rs 479 in a month, showing an upside of nearly 13%. It is trading in an upside channel on the weekly charts since 2020-21, indicating a positive trend. The stock has strong momentum and potential for further upside.

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:

SoftBank reduces stake in Paytm to 5% by selling shares in open market transactions. SVF India Holdings disposed of 12,706,807 equity shares of One97 Communications Ltd between Dec 19, 2023 and Jan 20, 2024. SoftBank's stake in Paytm was previously 7.01% and is now reduced to 5.06%. SoftBank plans to completely exit the company. Paytm shares were down 1% following the announcement. Bank of America and Goldman Sachs raise target prices on Paytm stock after strong Q3 performance.

The company is aiming to install rooftop solar systems in 10 million households, Chairman and Managing Director Vivek Kumar Dewangan announced on Tuesday adding that in this major push towards renewable energy, REC will lend up to Rs 1.2 lakh crore for the installation of these rooftop solar panels.

Nifty recovered from the day’s low and two session setback to trade with 160 points lead at 21,399.35 on Wednesday aided by recovery in bank, IT and FMCG stocks.

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:

Thane-based Responsive Industries is a leading manufacturer of PVC products like vinyl flooring, synthetic leather and luxury vinyl tiles.

The company's net profit rose to Rs 206 crore for the quarter ended December 31 from Rs 195 crore a year ago. Revenue from operations rose to Rs 914 crore from Rs 818 crore a year ago.

Zee Entertainment shares rallied today after Tuesday's crash. Traders expect potential deals following Sony's termination of the proposed merger with Zee. Zee has refuted Sony's claims and plans to explore legal options. The stock has faced de-ratings and sell calls due to pending investigations and weak performance. Challenges include subdued advertising business and competition in the subscription and OTT markets. Analysts have downgraded the stock and slashed earnings estimates. Zee's valuation is expected to de-rate back to 12x PE.

While MFs pared stake in Infosys by 21 bps to 18.29% in Q3, FII ownership went up by 10 bps to 33.7%. In the case of TCS, there was hardly any change in shareholding of the big boys of Dalal Street.

IKIO Lighting is a manufacturer of LED lighting solutions. They are focused on sustainability and providing low energy LED products to help India meet its sustainability goals. IKIO’s revenue/EBITDA/PAT is expected to grow at a CAGR of 22%/27%/29%, respectively over FY23-25, says Narendra Solanki of Anand Rathi Shares and Stock Brokers.

Subhash Chandra writes to FM; accuses SEBI of trying to scuttle $10 billion merger, sources say ET NOW's Ankur Mishra.

The correction comes on the back of a three-session rally in Hero MotoCorp that led to a 52-week high of Rs 4,560 on Tuesday. The previous session's gains were after the two-wheeler company launched The Mavrick 440 motorcycle in the upper premium segment.

Canara Bank’s daily trend is bullish to sideways. The RSI for daily are showing bullish momentum, however the RSI for monthly and weekly is showing bullish momentum. Based on option chain analysis, the range is between 420 and 500. Let’s plan a trade around this.

Nifty opened strong and rose. But it was in the negative territory at close.

From the Sensex pack, Axis Bank was the top loser, falling over 4% in early trade. Asian Paints, Bharti Airtel, HDFC Bank, and Maruti also opened with cuts, while Infosys, HCL Tech, ABI, and Tech Mahindra opened with gains.

Foreign institutional investors (FIIs) are typically large companies that invest in countries other than where their headquarters are located. According to StockEdge data, here's a list of 10 largecap stocks from the Nifty200 index wherein FIIs raised their stake in Q3:

The company’s largest customer is Signify Innovations India i.e Philips Electronics India, and has a 50% market share in India’s functional decorative lighting category and a 10% market share in India’s true-blue decorative lighting segment.

Axis Bank shares fell over 5% to Rs 1,034.75 on Wednesday despite higher-than-expected December quarter earnings. Positive commentary from brokerages failed to alleviate selling pressure in top banking counters. Morgan Stanley maintained an 'Overweight' stance, while Nuvama maintained a 'Buy' view. However, Motilal downgraded the rating to 'Neutral' due to growth challenges. Axis Bank reported a 4% YoY jump in standalone net profit to Rs 6,071 crore. Net interest income in Q3 rose 9% to Rs 12,532 crore.

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 Petronet LNG and Indus Towers while Nooresh Merani has a buy/sell recommendation on ICICI Bank and Power Grid Corp for today's trading session. Check out the targets and stoploss.

From the Sensex pack, Axis Bank was the top loser, falling over 4% in early trade. Asian Paints, Bharti Airtel, HDFC Bank, and Maruti also opened with cuts, while Infosys, HCL Tech, ABI, and Tech Mahindra opened with gains.

The Securities and Exchange Board of India (SEBI) last year asked offshore funds that have invested more than 50% of their assets under management (AUM) in a single group of companies and have more than 250 billion rupees ($3 billion) in Indian equity markets to disclose their investors.

JPMorgan maintained an underweight rating on Tata Elxsi but slashed the target price to Rs 6000 from Rs 6200 earlier.

Sensex sheds 100 points, Nifty near 21,200; Zee gains 3%, Axis Bank drops 4%; HCL tech, Kotak Bank, Tata Steel are some of the gainers in the morning trade.

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen.

The S&P 500 climbed to a record high close on Tuesday as investors digested a mixed bag of early quarterly results and awaited a slew of additional reports from Tesla and other companies later this week.

“MCX stock has been consolidating in a range since the last few weeks. The prices are also trading above its 40 DEMA support which indicated that the medium trend remains positive. Traders can buy for a target of Rs 3400 in the next few weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

India and South Asia have the most firms with circular ownership concerns like hidden shareholders in a company, indicating risky shell companies that may warrant a targeted investigation. “India is characterised by high complexity in corporate governance structures, which are often opaque and characterised by substantial family ownership, including pyramidal arrangements and cross holdings”, said the Moody’s industry practitioners.

Hotel Horizon's debt of ₹212 crore is on sale with a reserve price of ₹213 crore, while Supertech Realty's debt of ₹170.84 crore is open for bids with a reserve price at ₹205 crore.

On Tuesday, the BSE Sensex dropped 1.49%, or 1,061.96 points, to 70,361.69. NSE Nifty declined 1.55%, or 334.95 points, to close at 21,236.85. Of the 50 top stocks, only 11 advanced.

The losses incurred on Tuesday represent almost one-fourth of the gains posted since December 3.

Leading private lender Axis Bank's standalone net profit rose 4% year-on-year to Rs 6,071 crore in the October-December 2023 period. Net interest income (NII) in the third quarter rose 9% to Rs 12,532 crore.

The promoter has raised ₹350 crore in debt from Modulus Alternatives to help with the buyout. The fund, borrowed at the promoter level, is being used to refinance the debt.

The Competition Commission of India (CCI) has approved the proposals for stake acquisitions in Religare Enterprises (REL) by four entities controlled by the Burman family members. These entities aim to acquire a majority shareholding of up to 53.94% in REL and collectively exercise joint control over the company.

Top brokerages downgraded their ratings and cut target prices on the stock as analysts believe that the share price will be under pressure at least for now. The sell-off on Tuesday wiped off ₹7,285 crore in market capitalisation to ₹14,974.50 crore.

HDFC Bank, with a 52% FPI holding, and IndusInd Bank, with 42%, dropped 15% each since last Wednesday. Zee Entertainment, with a 28% FPI holding, tumbled 36% during this period. Jindal Stainless and Indiabulls Housing, both with a 23% FPI stake each, dropped 13% each.

The MCX stock hit a record high of Rs 3,343 on December 8, 2024, but failed to hold on to the momentum. It found support above the 50-DMA on the daily charts earlier in January and bounced back. It looks like the stock has formed a strong base above 3,000 level and traders can take advantage of the momentum, which could push the stock to a fresh record high in the short- to medium-term, suggested experts.

Of the S&P 500 companies that have reported results thus far, 86.6% surpassed earnings expectations, compared with 93.1% over a week ago, LSEG data showed.

Aster DM Healthcare last week said its board is considering plans to distribute to shareholders about 70-80% of the $903 million it will get by selling its Gulf business, translating into a dividend to its shareholders in the range of Rs 110/- to Rs 120/- per share, days after a proxy advisory firm Institutional Investor Advisory Services India (IiAS) has asked investors to veto the deal.