Closing Bell: Sensex ends flat after volatile session; Nifty tops 18,100; Adani Total Gas jumps 8%, Titan 3%

The 30-share Sensex ended 17 points lower at 60,910, while its broader peer, Nifty 50, ended at 18,100.

India’s outperformance over the developing peers is even more accentuated. Indian equities outperformed the emerging market (EM) counterparts by 23% in 2022; the second year in a row when it was above 20%.

Rising Covid cases in China and the chances of new BF.7 Omicron sub-variant's rapid spread in India have left a section of investors a worried lot. Domestic brokerage Motilal Oswal sees Covid to faint into a non-event in 2023 and believes that a mild spread of the infection won't have a debilitating impact on stocks.

Incorporated in 1997, Titagarh Wagons is a smallcap company operating in the engineering sector. It expands its global reach and presence through factories in India and Italy, catering to passenger rolling stock including trains and metros. Its key product range includes electric propulsion equipment such as traction motors and vehicle control systems

The year 2022 has remained subdued for shares of top housing finance companies. However, select smaller players have witnessed a significant rise in their share prices.On BSE, there are 13 listed housing finance companies with a market cap of over Rs 250 crore. Stocks like Star Housing Finance and SRG Housing Finance have surged about 130% and 53%, respectively in 2022. While industry leader HDFC gained just 3%. Meanwhile, LIC Housing Finance jumped 12%, shows data from ACE Equity.According to Trendlyne, the top housing finance stocks can see a good upside. Take a look:

While optimists are betting on central banks pivoting to interest rate cuts, along with China fully emerging from its Covid isolation and conflict in Europe abating, others are on the lookout for risks that may throw markets back into turmoil.

For the quarter that ended September 30, 2022, the company has reported consolidated net sales of Rs 305.8 crore — up 37.68% from last quarter's total income of Rs 222.1 crore. The company reported a net profit after tax of Rs 22.9 crore in the last quarter.

That sets up a potential flood of tourists out of China for next month's Lunar New Year holiday, taking free-spending Chinese visitors to Asia, Europe and other destinations during what usually is the country's busiest travel season.

The government spending on infrastructure projects has remained at elevated levels for the last many years, this had a trickle down effect on many parts of the economy. 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".

Developing economies are expected to cling to their growth differential over developed peers, but recession fears in the United States as well as Europe are casting a pall over global markets generally - especially in the first half of the year.

As per the 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 an upside potential of 9% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong ‘buy’.

we are still a developing economy that is growing, and since growth and equity performance are fast friends hence the “Accha hi hain” phrase is a good enough response, although it is as terse an answer as one can get

The quality of earnings remained strong for ICICI Bank with a steady improvement in net interest margin, strong double-digit growth in core fee income, and lower credit costs. The strong improvement in domestic consumption has bolstered the lender’s retail loan book.

Analysis done by Nuvama Alternative & Quantitative Research shows that as a result of the recapping, the cumulative inflows in HDFC Bank would be at around $29 million, $26 million in ICICI Bank, $19 million in IndusInd Bank.

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.

Property up-cycle is now well entrenched. Listed developers appear well-prepared with deep new launch pipelines. Balance sheets have been significantly repaired which is a positive sign. Additionally, valuations are above mean levels," Morgan Stanley said.

The benchmark BSE Sensex fell 11.34 points, or 0.02%, to 60,916.09, while the broader NSE index lost 21.7 points, or 0.12%, to 18,110.6, on mixed cues from U.S. economic data on growth trajectory, oil prices hovering around a three-week high, and reports of a surge in COVID-19 cases in China.

Amid fears of a recession in the US and Europe and a weakening growth outlook, BSE Information Technology (IT) index fell about 25% in the calendar year 2022. Wipro, Mphasis, Tech Mahindra and LTIMindtree fell over 40% and were the worst performers in the Nifty IT pack in 2022. However, S&P BSE Sensex gained 4% in CY22.Here’s a list of eight IT stocks that managed to survive the tech crash in 2022:

Given that the macroeconomic factors remain conducive in India and corporate earnings growth have improved, most brokerages are betting on automobile, banks, industrials, capital goods and engineering, consumer staples, real estate, and telecom sectors in 2023.

The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.

“Motherson with its strong linkages to the global auto cycle is well positioned to benefit from OEM production recovery as well as strong content increase. We believe the worst is behind and operating performance should start recovering,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The markets had a good day, closing with a net gain. Many stocks in the broad market are now seen consolidating in a defined range.

In the Sensex pack, Tata Steel, Bajaj Finserv and Infosys were the top losers, falling about 1%. TCS, HCL Tech, Wipro, Tech Mahindra and Tata Motors also opened with cuts. On the other hand, Power Grid, NTPC, Titan, IndusInd Bank, M&M and Asian Paints witnessed some gains.

Amid quantitative easing by global central banks in the wake of the Covid-induced financial crisis, Dalal Street was overflowed with helicopter money in 2020 and 2021. Much ahead of the withdrawal of liquidity by the US Fed, FIIs started pulling out funds from Dalal Street in October last year itself and have so far withdrawn the majority of the easy money of Covid days.

Minor Call writing is seen at 18,350 then 18,150 strikes while Put writing is seen at 18,000 then 18,100 strike. “Options data suggests a shift in a higher trading range in between 17,800 to 18,300 zones,” added Taparia.

Stocks that were in focus include names like Jindal Steel & Power which closed with gains of over 9%, Tata Steel which gained nearly 6%, and Fertilizers and Chemicals Travancore which closed with gains of 10% on Tuesday.

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 Axis Bank and Hindalco while Kunal Bothra has a buy/sell recommendation on LIC Housing Finance and GCPL for today's trading session. Check out the targets and stoploss.

It has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive Elon Musk's time while fretting about his stake sale in the electric-car maker.

Shares of the infra company will trade ex-bonus in the ratio of 1:1. The company on December 19 informed that it has received in-principal approval from BSE in respect of the issue and proposed allotment of bonus equity shares in the ratio of 1:1.

China stocks were set to open slightly lower, while the Hong Kong stock market opened 1% higher, encouraged by China's Monday announcement it would stop requiring inbound travellers to go into quarantine starting from Jan. 8.

The SGX Nifty 50 December futures is pointing to a slightly negative start for domestic equities on Wednesday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. But here are some stocks which are expected to see some action in trade today.

Tech fell broadly on Tuesday, with the Nasdaq 100 down 1.5%. The group is facing its worst December performance since the dotcom era as investors expect the Federal Reserve will retain a hawkish stance as it grapples with inflation.

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

The pharma stock hit a 52-week high of Rs 487 on January 3, 2022, but failed to hold on to the momentum. It found support near Rs 319 on May 11 from where it staged a smart bounce back

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

Debt-ridden subsidiary Religare Finvest Ltd is hopeful of restarting its business operation in 2023 following the company's proposal of Rs 2,300 crore one time settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, Religare Finvest will come out of the corrective action plan imposed by the Reserve Bank of India in January 2018 due to its weak financial health.

The Nifty closed at 18,132.30 on Tuesday, up 0.65% from the previous close. If the index touches 19,000, it would spell an increase of 4.8%, whereas the 20,000 mark would yield 10.3% returns over Tuesday's closing of 18,132.30.

RBI argued that since significant value destruction may have already happened in stressed assets, a comparison of realised value with admitted claims may not be a reasonable indicator of the effectiveness of the resolution process.

“Based on the date of occurrence of frauds, advances-related frauds formed the biggest category prior to 2019-2020,” the RBI said. “In terms of number of frauds, the modus operandi shifted to card or internet based transactions. Additionally, cash frauds are also on the rise.”

Simultaneously, Barclays was also carving out the healthcare vertical of Hinduja Global Solutions Ltd across four geographies and selling it to Baring PE Asia (BPEA) $1.2 billion, a first of its kind BPO deal

Rising interest rates and a fresh bout of Covid-19 infections across the world are biggest risks to equity markets, say poll participants.

The Sensex and Nifty advanced by 0.6% each, their second day of gains after taking a beating last week when they had fallen by 2.7% each. Shares of Jindal Steel gained 9% with cash volumes expanding five times their last one-month average and traders squaring off bearish bets.

Fast rising interest rates have strained borrowers' repayment capabilities. Companies are facing demand slowdown while rising input costs are impacting profit margins. While the fast adoption of digital payments has helped propel transactions to a high level, the influence of technology is also opening doors for many unwanted practices that banks should guard against, it said.

The Dow Jones Industrial Average rose 113.48 points, or 0.34%, to 33,317.41, the S&P 500 lost 5.67 points, or 0.15%, to 3,839.15 and the Nasdaq Composite dropped 90.23 points, or 0.86%, to 10,407.64.

In its order, the regulator found that noticees was never registered with Sebi in any capacity as an intermediary

The stock has witnessed a breakout of a falling trend line with a Bullish candlestick. The technical indicator Ichimoku cloud suggests that the price is trading above the Conversion line & Baseline, which shows a positive trend in the counter. The price is trading above the 50 Day’s Exponential Moving Averages, which indicates a positive trend. A momentum indicator RSI (14) reading is above 60 levels, which adds more strength on the upside. Observation of the above factors indicates that a bullish move is possible in the counter for targets up to Rs 605. One can initiate a buy-on dip in the range of Rs 575.95-572.50 with a stop loss below Rs 561 on a daily closing basis. (Ashish Manoj Katwa, Technical Research Analyst, Bonanza Portfolio)

The number stood at 5.8% in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment.

The S&P 500 opened lower by 1.48 points, or 0.04%, at 3,843.34, while the Nasdaq Composite dropped 35.68 points, or 0.34%, to 10,462.19 at the opening bell

The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds