"The U.S. economy currently remains strong with consumers still spending excess cash and businesses healthy," said Chief Executive Officer Jamie Dimon, although he said he didn't yet know "the ultimate effect of the headwinds coming." The bank flagged a modest deterioration in its macroeconomic outlook, "reflecting a mild recession in the central case".

The capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should also be locked in within the same period of five years.Apart from meeting alternate eligibility routes, the regulator has suggested additional criteria as well as safeguards that would be applicable for PEs to qualify as a mutual fund sponsor.

“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.

The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement

Indian indices gained in Friday’s session inspired by upbeat risk appetite after US inflation print came within market expectations and on a weaker dollar. At the close, Nifty ended with gains of 98 points at 17,957 , while Sensex ended 303 points higher at 60,261. In a week’s time, Nifty has gained by a marginal 0.54%. Infosys, Eicher Motors, IndusInd Bank, Adani Enterprises and HUL led the list of Nifty gainers, while Titan, Apollo Hospital and Larsen and Toubro were the top laggards in the Nifty pack.Here are the stocks that gained focus in Friday’s trade:

For the last few weeks, the index is trading above the 20-WMA, which has resulted in a triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, Nifty witnessed smart recovery on January 13. Going ahead, 18,000-18,050 will be the key area beyond which the index will be set for a larger up move. On the downside, 17,800 will continue to provide cushion for the index.

“Payment of interim dividend of Rs. 1/- per equity share of par value Rs. 2/- each to the Members of the Company as on January 25, 2023, being the Record Date. The payment of Interim Dividend will be made on or before February 10, 2023,” said the company in an exchange filing.

The BSE Sensex ended 303 points or 0.51% higher at 60,261, while Nifty50 rose 98 points or 0.55% to settle at 17,957

Voluntary attrition moderated 180 bps from the previous quarter, landing at 21.2% for the trailing 12 months for the quarter," Wipro said in its earnings release. This was the fourth quarter where the attrition rate has moderated

In today’s Mutual Fund analysis, we screened the stocks that were newly added by fund houses in the month of December as compared to the previous month. We found 10 such stocks, five of them are newly listed companies on the bourses while the remaining have shown good performance in FY23 so far. Data shows that the total market value of these 10 stocks stood at Rs 950 crore as of December 2022 (Data Source: ACE MF).Take a look number of MFs schemes that have invested in these stocks:

Closing Bell: Sensex snaps 3-day losing streak, jumps 303 points; Nifty ends at 17,956; Eicher Motors, Tata Steel up 2% each

This amounts to a 0.18% increase in holding by the investor as in the previous quarter, she held a 1.61% stake or 45,75,687 equity shares in the cellular and fixed-line services provider.The latest corporate shareholdings filed suggest that Rekha Jhunjhunwala publicly holds 20 stocks with an estimated net worth of over Rs 12,171.6 crore.

The company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore

Asian markets mostly rose again Friday after data showing another slowdown in US inflation fuelled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.

"Foreigners have begun the year selling, presumably to fund purchases in China triggered by the mother of all U-turns," Wood wrote in his GREED & fear note, adding that high valuations remain the challenge.

NCLT had set November 16, 2022, as an effective date for the company to pay dues to various creditors. In October 2020, the airline's committee of creditors (CoC) approved the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and the UK's Kalrock Capital.

As per Trendlyne data, the highest target price for the stock goes up to Rs 80, while the average target price estimate is Rs 61, which shows a downside of 21% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong buy.

As for Hindalco, most brokerages expect the profit decline to by 30-40%. MOSL pegs reported PAT for the company in Q3 at Rs 2,100 crore, down 31.4%. Meanwhile, KIE pegs the same at Rs 1961.9 crore (down 46.4%) and ICICI Securities at Rs 1,842.5 crore (down 49.9%).

Cyient's consolidated revenue for the December quarter of FY23 stood at Rs 1,618 crore with QoQ growth of 15.9% and YoY growth of 36.7%. The consolidated revenue for the December quarter of FY22 was Rs 1,183 crore.

Mid and Small caps are the first ones to bear the brunt when the market corrects and that is what is happening in stock markets for the last few days. However, if one takes care in terms of looking at their debt levels and other financial parameters while picking the stocks, risks come down significantly. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of Rs 1,210, valuing the stock at an unrevised P/E multiple of 17x FY25E earnings.

"Those who do not understand valuation metrics keep on buying even at high PE levels thinking that PE expansion will continue further. But the consolidation phase can be long, which means that the PE level will compress," said Kranthi Bathini, equity market strategist at WealthMills Securities.

The other stocks that hit all-time highs in 2022 include names such as Rainbow Children's Medicare, Restaurant Brands Asia, Motherson Sumi Wiring, Go Fashion (India), Vedant Fashions, and Adani Wilmar Ltd.

Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.

The global firm has maintained an overweight stance on Infosys citing the resilience in revenue growth, good momentum in new large deal wins and strong execution on revenue growth.

IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises.

"We believe that PNC Infratech is one of the best pick in the road development sector because of its strong execution capabilities, healthy balance sheet, robust order book, and prudent capital management. Hence, we have a Buy rating on the stock with a price target of Rs. 360," Ronald Siyoni - Associate Vice President – Sharekhan, said.

“Positive global cues include moderating inflation levels in both India and the US. The US bond market too is signalling that the Federal Reserve could indeed be near the end of its rate-hiking campaign. The only negative catalyst which can haunt the market is FIIs relentless selling, as they have already sold to the tune of Rs 14997 crore,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

While growth concerns could intensify globally in 2023, India’s growth trends may remain resilient given the country’s macroeconomic stability and well-controlled inflation, said global brokerage firm Credit Suisse. Ahead of Q3 earnings, citing credit growth, equity inflows and solid corporate earnings momentum, the brokerage firm has a buy recommendation on eight midcap stocks.Here's a list of 8 stock ideas from Credit Suisse for the 2023 portfolio:

Sensex sheds 100 points, Nifty nears 17,800; RVNL jumps 3%, L&T Tech falls 4%; YES Bank, Rail Vikas Nigam, PNB, Future Consumer, IDFC First Bank are some of the top movers in morning trade.

Shares of HCL Technologies dropped sharply in December by more than 7%, after the company trimmed its revenue growth guidance for the current financial year, citing that higher-than-expected furloughs will affect growth in the second half of the year.

L&T Finance Holdings’ daily trend is sideways. Also, RSI for monthly and daily are indicating a sideways trend. Based on option chain analysis, the range is between 90 and 100. Let’s plan a trade around this.

After a short-term correction, the stock has formed a range-bound formation near the 200-Day SMA (Simple Moving Average). It has formed a promising reversal formation this week and is comfortably trading above 20-Day SMA.

Choice International: This stock held by Madhusudan Kela stock will also release its results today. The company is among the leading financial services conglomerate catering globally. In the September quarter, the company’s net sales were at Rs 74.07 crore, 21% higher on a year-on-year basis.

Nifty futures on the Singapore Exchange traded 66.5 points, or 0.37 per cent, higher at 17,984.50, signaling that Dalal Street was headed for a positive start on Friday. Here are some stocks which are expected to see some action in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on Hindalco and L&T while Kunal Bothra has a buy/sell recommendation on SBI Life and GIC Housing Fin for today's trading session. Check out the targets and stoploss.

Thursday was the weekly options expiry day, which did not allow the Nifty50 to violate the level that saw an accumulation of the highest Put open interest. The headline index eventually ended up with a small loss.

Microsoft shares rose 1.2%, providing the biggest boost to the S&P 500 and Nasdaq, while energy shares also were higher along with oil prices. Energy rose 1.9% and was the day's best performer among sectors.

The Fed set the target policy rate between 4.25% and 4.5% at its December meeting. Data since then has shown inflation easing and the labor market slowing modestly from the torrid pace of job and wage growth through much of 2022.

Infosys on Thursday reported a 20.2% year-on-year (YoY) rise in consolidated revenue for the quarter ended December to Rs 38,318 crore, which topped analysts’ estimates. Consolidated net profit rose 13.4% on year to Rs 6,586 crore and was largely on expected lines. The software major surprised the Street by raising its constant currency revenue growth guidance for FY23 to 16-16.5% from 15-16% earlier. However, it retained its operating margin guidance at 21-22%.

Also, investments in corporate debt of NBFCs dropped by 25.8% over last year to ₹65,000 crore in November 2022. The percentage share of total corporate debt to NBFCs, too, declined to 4.1% in November 2022 from 5% in November 2021.

These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to the fund tenures they had specified in their respective offer documents while garnering the corpus, the people cited above said. Many of the early funds, floated around 2013-14, were scheduled to wind up their operations by 2021-2022.

The central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the house in order, is said to be concurring with the forensic audit conducted by the company, which found out violations, including evergreening of loans.

The stake sales comprise almost 80% of Rakesh and Rekha Jhunjhunwala's joint holding of over 1.9 million shares in the company as on June 30, 2021. The shareholding data as on September 30, 2021, did not reflect the stakes of the Jhunjhunwalas. Rakesh Jhunjhunwala passed away on August 14.

Fed officials are mulling a further moderation in the pace of rate hikes following a slowing in US inflation. Consumer prices rose 6.5% in the 12 months through December, marking the slowest inflation rate in more than a year, Labor Department data showed. Excluding food and energy, the so-called core CPI rose 0.3% last month and was up 5.7% from a year earlier, the slowest pace since December 2021.

Such a plan usually consists of 3-5 mutual fund schemes that can be bought in a single click and are designed to help meet a specific goal. Distributors have curated these readymade baskets, which cater to needs like earning more than a savings bank account, building a retirement portfolio and better tax efficiency, among other requirements.

Short-term traders can look to ‘buy’ the stock for a target of Rs 2,200-2,250 in 1 month, suggested experts. A close above Rs 2,210 could take the stock towards Rs2,200-2,250 levels

According to block deal data on the NSE, Alibaba.com sold 19.2 million shares at ₹536.95 apiece. While Morgan Stanley Asia bought 5.5 million shares, Ghisallo Master Fund acquired 4.98 million shares. The rest of the buyers were not known.

Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises