Further, the working capital cycle has significantly improved to 43 days in FY23 from 72 days in FY20. This is a result of inventory turns rising to 4x from the lows of 2x.

Maxposure shares debut on NSE SME platform with a premium of 339.4% after a successful IPO. The IPO, consisting of a fresh equity sale of 61.4 lakh shares, received over 900 times subscription. The stock listed at Rs 145 on NSE, compared with an offer price of Rs 33. The strong buzz was reflected in the grey market premium as well, with investors willing to pay a GMP of Rs 70. The net proceeds from the IPO will be used for various purposes including funding expenses, working capital requirements, and debt repayment.

Brokerage firm Jefferies maintained a buy call on ICICI Bank post-Q3 results, a hold rating on Kotak Mahindra Bank, and a buy rating on Paytm. CLSA downgraded Zee Entertainment to sell from a buy earlier.

On Monday, Cipla reported a 31.8% year-on-year (YoY) jump in its October-December quarter consolidated net profit at Rs 1,056 crore. It was Rs 801 crore in the year-ago period.

At least five brokerages said investors should sell Zee Entertainment's stock as the Indian broadcaster's failed $10 billion merger deal with Sony India raised concerns about its survival in an increasingly competitive industry.

The Bank of Japan maintained ultra-easy monetary settings on Tuesday in a widely expected, as policymakers allow more time to determine whether wage increases will broaden enough to keep inflation sustainably at its 2% target.

Indian equity indices opened higher, led by banking, energy, and IT stocks. ICICI Bank, Power Grid, Bharti Airtel, NTPC, Bajaj Finserv, and Infosys opened with gains, while Asian Paints, HDFC Bank, Maruti, and HUL opened with cuts. Zee Entertainment shares down 10% after Sony Group scrapped merger plans with Zee. ICICI Bank shares up 5% after reporting better-than-expected Q3 earnings.

Sensex surges nearly 600 points, Nifty above 21,700; Zee cracks 10%, Cipla rallies 5%; ICICI Bank, NTPC, Power Grid are some of the gainers in the morning trade.

Ayodhya's transformation into a global spiritual tourism hub with the Ram Mandir at its center is expected to attract 5 crore tourists annually after the completion of the Rs 85,000 crore makeover. The temple town's economic and religious migration surge will benefit various sectors such as hotels, airlines, hospitality, FMCG, travel ancillaries, and cement. Listed Indian companies like L&T, Havells India, Pakka, SIS, Allied Digital Services, Genesys International, and Apollo Sindoori Hotels have key roles in the Ayodhya and Ram Mandir project, including construction, lighting, compostable products, security, surveillance, mapping technology, and parking facilities.

Zee Entertainment shares hit the lower circuit as brokerages downgrade the stock after the cancellation of the merger with Sony. CLSA downgraded Zee to sell and mentioned the reported merger of Reliance and Disney Star as a competition. Nuvama and Elara also downgraded the stock, reducing the target price. Motilal Oswal downgraded Zee to neutral. Zee's near-term valuation is expected to stay suppressed due to uncertainties around its new strategy, litigation with Sony, and competition from digital media.

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 Bank of Baroda and Concor while Nooresh Merani has a buy/sell recommendation on ICICI Bank and Lemon Tree Hotels for today's trading session. Check out the targets and stoploss.

Officials are also weighing other options and may announce some of them as soon as this week if approved by the top leadership, the people said. The plans are still subject to change. The China Securities Regulatory Commission didn’t respond to a request for comment.

Shares of Digital World Acquisition, the blank check firm set to take former U.S. President Donald Trump's social media platform public, soared to their highest in 19 months on Monday after Florida Governor Ron DeSantis ended his 2024 presidential bid.

Japanese shares surged to fresh 34-year highs and the yen steadied on Tuesday, hoping the Bank of Japan will not rock the boat by pivoting away from its super easy policy any time soon, while Chinese stocks extended declines after a brutal session.

The relentless rally in Indian stocks has coincided with a historic slump in Hong Kong, where some of China’s most influential and innovative firms are listed. Beijing’s stringent anti-Covid-19 curbs, regulatory crackdowns on corporations, a property-sector crisis and geopolitical tensions with the West have all combined to erode China’s appeal as the world’s growth engine.

The S&P 500 posted a second straight record high close on Monday as tech stocks added to recent gains and investors awaited upcoming corporate reports for clues on this year's profit outlook.

“We have also observed a delivery buying into the Tech Mahindra stock after a fresh breakout which suggests a long build into a stock. Traders can buy for a target of Rs 1575 in the next 5-6 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

"Sony Pictures Networks India Private Ltd (SPNI) (now known as Culver Max Entertainment Ltd), a wholly owned subsidiary of Sony Group Corp (Sony), today issued a notice terminating the definitive agreements entered into by SPNI and Zee Entertainment Enterprises Ltd," the Japanese company said in a press release issued on Monday.

​​Services, financial services, and power were among the sectors that received the highest in flows after oil and gas, of over Rs 1,000 crore each. Financial services received Rs 1,248 crore after the sector received record flows of over Rs 29,168 crore in December 2023.

Monday's announcement marks the conclusion of a two-year deal process. The merger with Sony, according to analysts, was expected to potentially rescue Zee from its current crises and decline in market share.

Despite the RBI's imposition of higher risk weights on unsecured lending, credit card outstanding has grown by 34 percent year-on-year as of end-November. The outstanding dues amount to Rs 2.4 lakh crore, accounting for 5 percent of retail loans. The RBI has been encouraging the use of technology and underwriting models to mitigate risk.

​After reaching a lifetime high at 22,124, the Nifty experienced a dip and found support at 21,350-21,400, which aligned with the 26-day exponential moving average, thereby establishing this as a crucial support.

Even as the S&P 500 closed Friday at an all-time high, money managers and analysts are contending with data that signals US economic resilience and Federal Reserve officials who'vepushed back against reducing interest rates too soon.

Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields have already climbed to levels last seen in December, though it warned that markets are still too aggressive in pricing for an early start to central bank interest-rate cuts.

InterGlobe Enterprises, which runs and operates IndiGo airline, appointed Aditya Pande as the Group CEO with effect from March 2024.

The AUM of Ireland-domiciled funds rose 40% year-on-year to ₹3.32 lakh crore ($40 billion) at the end of December 2023, while the total FPI equity AUM expanded by 26% to ₹61.32 lakh crore ($737 billion). Consequently, the share of Ireland-based funds in Indian equities rose to 5.42% - a record-high level, according to the NSDL data.

The capital markets regulator, in its discussion paper on the topic, had estimated the assets under management (AUM) of "high-risk" foreign funds that must make additional disclosure at ₹2.6 lakh crore as on March 31, 2023.

Tech Mahindra breaks out from consolidation phase since April 2022, hitting fresh 52-week highs. Short-term traders can buy stock on dips for target of 1575 in 5-6 weeks. Stock rose over 10% in a week and 16% in last 3 months. Momentum helped stock breakout from consolidation phase. It is now trading above crucial short- and long-term moving averages. RSI is at 68.7, MACD is bullish. Stock has been consolidating in range of 950-1300. Fresh breakout above key resistance level of 1300. Delivery buying suggests long build. Buy stock for upside target of 1570-1575 with stop loss below 1200.

Recently, a promoter of a tyre company in a lighter vein mentioned that one of the parts which ICE vehicles and Electric vehicles have in common is tyres. While it might appear to be an obvious statement , over the years, if one looks at the way tyre stocks have performed it has been much better than what it used to be, the cyclicality has gone away and there has been a re-rating. Now if tyre stocks are doing well then the companies which are supplying raw material to tyre companies are also witnessing tail winds. These are B2B players which are into manufacturing carbon black and because they are not consumer facing businesses, these companies don't come into the limelight even when they are doing well.

After Sony canceled a $10 billion mega-merger with its India unit and Zee Entertainment, global broking firm CLSA on Monday downgraded the stock to sell rating and warned investors that a valuation de-rating could be in the offing.

The S&P 500 opened higher by 13.61 points, or 0.28%, at 4,853.42, while the Nasdaq Composite gained 82.08 points, or 0.54%, to 15,393.05 at the opening bell.

Global brokerage firm Jefferies, in a report, said that the Ram Temple in Ayodhya is expected to have a big economic impact. It introduces a new tourist spot for India, which could attract over 5 crore tourists every year.

Indian shares ended lower in a trading session on Saturday, dragged by IT companies and HUL, but gains in lenders helped limit some losses. The S&P BSE Sensex closed 0.4% lower at 71,423, while the NSE Nifty 50 index closed below the 21,600 level."The short-term trend of Nifty remains choppy. Having faced weakness after a small rise on Saturday signal weak bias for the market ahead. At the higher levels, the market could encounter strong overhead resistance around 21750-21850 levels and on the downside could find support around 21300 levels in the near term," Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 4 stock recommendations for Tuesday:

Indian headline indices ended in the red on Saturday conceding their morning gains amid selling pressure in FMCG, IT and pharma sectors despite a good show by banks.

Global brokerage firm Jefferies, in a report, said that the Ram Temple in Ayodhya is expected to have a big economic impact. It introduces a new tourist spot for India, which could attract over 5 crore tourists every year.

Global brokerage firm Jefferies, in a report, said that the Ram Temple in Ayodhya is expected to have a big economic impact. It introduces a new tourist spot for India, which could attract over 5 crore tourists every year.

Indian headline indices ended in the red on Saturday conceding their morning gains amid selling pressure in FMCG, IT and pharma sectors despite a good show by banks.

State-run Bharat Petroleum Corporation Ltd (BPCL) has announced a tender offer to reduce lumpy debt refinancing pressure in 2027.

Recently, a promoter of a tyre company in a lighter vein mentioned that one of the parts which ICE vehicles and Electric vehicles have in common is tyres. While it might appear to be an obvious statement , over the years, if one looks at the way tyre stocks have performed it has been much better than what it used to be, the cyclicality has gone away and there has been a re-rating. Now if tyre stocks are doing well then the companies which are supplying raw material to tyre companies are also witnessing tail winds. These are B2B players which are into manufacturing carbon black and because they are not consumer facing businesses, these companies don't come into the limelight even when they are doing well.

US-based independent insurance brokerage Lockton on Monday announced its entry into the Indian market. With over 135 offices worldwide, Lockton's entry in the country is subject to regulatory approval. This will meet India's growing demand for risk consulting and management services, the company said in a statement.

India's suspension of equities and currency trading reminded global investors of its frontier economy status, despite its growing equity market value and aspirations to be a market-friendly nation. The closure of the stock market for the inauguration of a Hindu temple on Monday, announced with short notice, disrupted trading and drew mixed reactions on social media. While some believe it will have minimal impact on India's standing among investors, others express concern about the lack of communication and potential disruptions to algo trading.

Investors often overlook the basic fundamentals that they should follow in order to make quick bucks. Ajit Menon, CEO, PGIM India Asset Management shares a few simple hacks to generate long-term wealth:

Japan's Nikkei share average rallied to a fresh 34-year peak on Monday as the U.S. S&P 500's record-high close on Friday buoyed investor sentiment, despite continued signs of overheating in the Asian market.

As the financial markets venture into 2024, investors are faced with the dual prospects of market opportunities and heightened volatility.

Zee Sony merger: Sony Group Corp is unlikely to extend merger negotiations with Zee Entertainment Enterprises Ltd. The termination notice of the proposed $10 billion merger between Sony and Zee is said to have been sent.

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

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

Chip stocks have been on a roll since Taiwan Semiconductor Manufacturing (TSMC) upgraded its profit outlook last week on booming demand for high-end chips used in AI applications.

Data analysed by ETMarkets showed that in at least four companies that are linked to Ayodhya Ram Mandir, retail investors raised their bets in the last three months.

Exchanges will be closed on Monday for a stock market holiday, including both equity and derivative markets. Commodity markets will also remain shut for the first half of the day. This unplanned holiday has resulted in the shifting of expiries for Midcap Nifty and BSE Bankex. Investors' commodity account balance on January 22 will not include credits from trades or positions on January 19. In 2024, equity markets will have a total of 15 days off, similar to 2023.