“KNR is our top pick for 2023 in infra space given strong growth visibility. KNR provides EPC for roads & highways, irrigation and urban water infrastructure management,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The stock has been moving sideways since June 2022. Price was unable to cross the 1140-1090 range. A failed attempt in December 2022 to cross this range has started a downward spiral in this stock. Price has breached the support from a rising trendline.

The company will be announcing its Q3 results on Monday. The finance sector company is a multibagger with a three-year return of 246%.

On the options front, the weekly maximum Call OI is placed at 18000 and then 18100 strikes while the weekly maximum Put OI is placed at 18000, and then towards 17,600 strikes. Meaningful Call writing is seen at 18000 then 18100 strikes while minor Put writing at 17800 then 17600 strikes.

As the global markets are showing stability, Indian markets are expected to show some buoyancy, although on Friday the Nifty ended with a net loss.

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 IDFC and GCPL while Kunal Bothra has a buy/sell recommendation on REC and Havells for today's trading session. Check out the targets and stoploss.

DLF’ daily trend is bearish. RSI for monthly and weekly are indicating a sideways trend. Based on option chain analysis, the range is between 350 and 400. Let’s plan a trade around this.

The counter has witnessed a breakout of inverse head & shoulder on the weekly timeframe. But it has given a meaningful correction to retest the previous breakout level of Rs 108. Now it is starting the next leg of a rally towards Rs 65.

Nifty futures on the Singapore Exchange traded 160 points, or 0.89 per cent, higher at 18,119, signaling that Dalal Street was headed for a positive start on Monday. But here are some stocks which are expected to see some action in trade today.

The Brazilian real had yet to trade after hundreds of supporters of far-right former President Jair Bolsonaro were arrested after invading the country's Congress, presidential palace and Supreme Court.

Nifty futures on the Singapore Exchange traded 160 points, or 0.89 per cent, higher at 18,119, signaling that Dalal Street was headed for a positive start on Monday.

The board will meet to consider and approve earnings for the quarter and 9 months ended December. The company is expected to see a moderate growth in revenue due to the impact of furloughs and year-end holidays. But, profitability will improve sequentially on better utilisation and lower attrition.

Private jets, helicopters, high-end electronic items, plastic goods, jewellery, high-gloss paper and vitamins are among items that are on the list prepared by the government.

The decision was taken late Friday night at the committee of creditors (CoC) meeting to review offers received from the Hinduja Group and Torrent Investments. Lenders fixed the threshold price of ₹9,500 crore on a net present value (NPV) basis, which includes ₹8,000 crore as minimum upfront cash payment, the people said. finan

To be sure, deposit and lending rates in real terms are much lower than pre-pandemic levels, according to the Reserve Bank of India’s (RBI) monetary policy committee member Rajiv Ranjan.

Lenders led by Canara Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what is a second payout from the defunct infrastructure financier.

Five banks, including BoI, have total receivables of ₹600 crore from the company that has been classified as a non-performing asset by banks. "The case has been filed in the NCLT pending admission. There was no other recourse since the company is bleeding and no resolution is in sight," said a person aware of the process.

​​A decisive move by Nifty below 17,750 is likely to prompt traders to add fresh bearish bets, said technical analysts. Balkrishna Industries, Apollo Tyre, HDFC Life, ICICI General Insurance and, SBI Life, M&M, Cummins India, ABB are some of the stocks suggested by analysts for short-term trading.

To deal with the cyclical nature of the cement business and certain 'key' variables that impact revenue growth, institutional investors are increasing their exposure in large-sized companies with stable or increasing cash flows from operations.

Overseas fund managers have been dumping IT stocks since the beginning of last year on concerns over recession and lower technology spending in the US and Europe. The Nifty IT index declined 25% in 2022 compared to a 1% gain by the Nifty index.

Yardeni, who doesn't rule out the possibility of a hard landing, sees opportunities in financial, industrial, energy and technology stocks that he says now look much cheaper than they did last year.

The stock gave a breakout from a double-bottom pattern in November 2022 but failed to hold on to the momentum. The stock underwent consolidation in December 2022, and it finally gave a breakout from the pattern in January 2023. In terms of price action, the stock price is trading above most of the short and long-term moving averages of 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.

"At the current juncture, ICICI Lombard has given a fresh breakout above the rectangle pattern formation after a consolidation phase, as momentum has been witnessed in price along with marginally higher volumes," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Nifty has witnessed aggressive short build-up in the last few sessions as Nifty near month OI increased by almost 15 lakh shares in last week. Keeping the view of rebound in the market as it is trading near its December lows of 17800. We feel traders should take protected strategies like Collar Spread where risk will be limited.

Investors are expecting a soft quarter from IT companies due to the seasonality factor caused by furloughs and year-end holidays. The Street’s eye will be glued to the commentary on demand that the software majors offer and any potential tweak to the growth guidance. The week will end with the results of India's largest private sector lender HDFC Bank.

Before the Dec-14th Fed meet, with two back to back inflation readings surprising positively, markets began to price in a bullish Fed pivot – growth supportive vs inflation fighting - for 2023. Widely broadcasted speech of Chair Powell in Nov-22 indicating a downshift

Buying a stock due to high dividend yield is something your relationship manager will not try to sell you. However, the importance of having high-dividend-yielding stocks in one’s portfolio is realized at the time of correction, like the one which was witnessed last week. For the purpose of this report, we had kept the dividend yield of at least 5 percent as a benchmark. Another condition was that the company should have a track record of paying dividends in the last four of the five years.

There are some businesses which require a constant dose of capital and banking is one of them. There are some which may require a higher amount of capital but that would be a one time requirement setting up a fertilizer plant. In both cases, what is more important is how efficiently the management uses capital so that shareholder returns are good. The 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".

"Increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US have been keeping FPIs away from emerging markets like India," Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said.

Global brokerage Nomura prefers largecaps over midcaps in the IT pack in the current environment, as it believes earnings risks are material in midcaps in a slowing demand outlook. In largecaps, its top buy idea is Infosys while it has a reduce call on TCS. Emkay Global, on the other hand, has a buy call on Infosys and Hold on TCS. ICICIDirect lists Infosys as its top pick from the sector.

The valuation of Tata Consultancy Services (TCS) eroded by Rs 17,289.02 crore to Rs 11,75,287.30 crore and that of ICICI Bank diminished by Rs 14,447.69 crore to Rs 6,07,140.65 crore.

“Nifty and Bank Nifty are hovering near their recent low. For Nifty, fresh rounds of selling would emerge below 17775 whereas for Nifty Bank index that support is placed at 41500. Once these levels are taken out then we expect further correction of 2 – 5% in the indices. So far the things are looking dicey but there is a possibility of some relief ahead of the Budget. On the levels front; 17500 – 17250 could be a chance buy zone for the traders since that is the placement of 200 day EMA and SMA. From there; we might see a decent rally ahead of the budget but once that happens then the longs should be booked. We don’t expect any unidirectional move for some more time in the markets,” Mehul Kothari, AVP – Technical Research, said.

Ahead of the Union Budget on February 1, the market is expected to maintain a cautious stance. "The stock market trend has started to be impacted by the view and in anticipation of the heavy economic data, Fed policy, India Q3 results and Union Budget expectations," said Vinod Nair, Head of Research at Geojit Financial services.

Professional trader Lawrence G. McMillan says it is very important for traders to stay up to date with options strategies as during uncertain times these strategies can go a long way towards helping them in reducing their downside risks. "Empowering yourself with a solid strategy can help make investing easier. It also helps in improving the earnings potential of your portfolio while reducing downside risk -- no matter how the market is performing," he wrote in his book, "Options As a Strategic Investment."

After 40 mainboard IPOs raised over Rs 59,000 crore from Dalal Street in 2022, at least 54 companies proposing to raise Rs 84,000 crore are presently holding Securities and Exchange Board of India (SEBI) approval. Moreover, another 33 companies looking to raise about Rs 57,000 crore are waiting for SEBI’s nod. ETMarkets explains.

While inheriting positive global cues, the market may start positive for the week. The coming week is likely to see the levels of 18,040 and 18,290 acting as potential resistance points. The support will come in at 17,600 and 17,480 levels. The trading range may get a bit wider this week.

Now the situation is such that Mr X had already invested in a few largecap stocks like Reliance Industries, TCS, HDFC Bank, etc., which are a part of his largecap mutual fund. This unnecessary diversification has increased Mr X’s exposure in a few stocks.

After 40 mainboard IPOs raised over Rs 59,000 crore from Dalal Street in 2022, at least 54 companies proposing to raise Rs 84,000 crore are presently holding Securities and Exchange Board of India (SEBI) approval. Moreover, another 33 companies looking to raise about Rs 57,000 crore are also waiting for SEBI’s nod. ETMarkets explains.

The broader index ended December on a sombre note, losing 3.5%. Foreign Institutional Investors (FII) withdrew every single day last month barring one instance on 6th December, displaying their pessimism.

But for global shocks, India’s inflation will moderate in 2023. Even if commodity prices were to stay flat, WPI inflation will be significantly low. Flat energy prices and reduced aggression in core price hikes imply CPI inflation could soften to ~5%. Food inflation still entails pockets of uncertainty.

The broader index ended December on a sombre note, losing 3.5%. Foreign Institutional Investors (FII) withdrew every single day last month barring one instance on 6th December, displaying their pessimism.

With increased interest from HNIs & ultra HNIs in alternate assets, particularly in SEBI-approved alternative investment funds (AIFs), we may see tax clarity coming in for the CAT III AIFs, which will be a welcome move from the industry as well as from the investors’ viewpoint.

Even as NIFTY gets into correction mode, there are some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

After a healthy recovery over the last two-three months, 2W demand momentum has slowed down again, resulting in an expected decline of 5-7% YoY for retail volume in Dec’22.

Even as NIFTY gets into correction mode, there are some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Analysts say the two major factors that would determine stock price movement this month, other than global macro factors, depend on how the December quarter earnings season pans out and expectations around the Union Budget.

When judged only on the basis of price earning ratio, a correction in the stock market makes some stocks look cheap. More often than not, this interpretation may lead to wrong investment decisions given the fact that cheap always does not mean value. PEG ratio is a better indicator than many other ratios especially P/E which is followed by majority. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.

For a dividend portfolio, PSU stocks are known for better dividend yields. Some PSU stocks like NMDC, REC, HUDCO and Coal India have over 9% dividend yields. Similarly, private sector stocks like PCBL, Polyplex Corporation, Indus Tower and ITC also delivered decent dividends to their investors. Unlike debt instruments, the dividend yield is not guaranteed and any fluctuation in the stock price can also affect your overall returns. Here are 8 private sector stocks that have paid at least a 5% dividend yield, according to a recent report by IDBI Capital.

He said the Federal Reserve's so-called "dot plot", in terms of individual Fed governors' forecasts, indicates no Fed rate cut before 2024, while money markets expect one later in the third quarter of 2023 or earlier in the fourth quarter of 2023.

The release of the US Fed's December policy meeting minutes on Wednesday night, which signalled that interest rates may not be cut in 2023, also dented investor sentiment.