Amid concerns around margins and growth outlook, at least 3 IT stocks - Wipro, LTIMindtree and Tech Mahindra - are down over 40% in the last one year period. All the remaining ones have also seen double-digit losses.

Consumer businesses are likely to drive growth for Reliance Industries. However, there is an upside risk to 02C earnings, said the note. RIL outperformed Nifty by 4% in the year 2022. The global investment bank forecasts 18% EBITDA growth in FY24E with 21% growth in retail.

The SME platform has witnessed several new-age and non-conventional companies accessing the capital market, said Uday Nair of Fedex Securities explaining the reason behind the growing interest of investors in smaller companies.

"With strong improvement in the profitability and higher cash flows, Lemon Tree Hotels return profile is expected to in the coming years with RoE/RoCE standing at 19.2%/12.1% in FY2025 versus 13.8%/9.2% in FY2023," Kruttika Mishra, Research Analyst at Sharekhan by BNP Paribas, said.

“Options data suggests a broader trading range in between 17700 to 18500 zones while an immediate trading range in between 17850 to 18250 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

Sensex up 75 pts, Nifty above 18,000; IDBI Bank jumps 4%, MMTC falls 3%; HDFC Bank, Bandhan Bank, Siemens are some of the active stocks.

In the Sensex pack, TCS, Bajaj Finserv and ICICI Bank were the top laggards, falling over 0.5%. Infosys, ICICI Bank, IndusInd Bank, Maruti, Wipro and Axis Bank also opened with losses. On the other hand, Power Grid, Nestle, ITC, Reliance, HDFC Bank and HDFC opened with gains.

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 NTPC and GCPL while Kunal Bothra has a buy/sell recommendation on Maruti Suzuki and Hero Moto for today's trading session. Check out the targets and stoploss.

The Nifty remained volatile on the weekly options expiry day on Thursday, ending the day with a modest loss. The markets are again getting highly stock-specific.

Bharat Heavy Electricals’ daily trend is bearish, however in the last few trading sessions, it is showing strength. RSI for monthly and weekly is indicating a bullish trend. Based on option chain analysis, the range is between 70 and 90. This is a wide range. Let’s plan a trade around this.

The company's quarterly update on Wednesday sent the stock lower. The stock was already quoting at expensive valuations and failed to meet expectations. The punishment was severe, and it broke all-important support and closed below the 20 and 10-day SMA.

The company’s board meeting will be convened to consider and revise the remuneration payable to Sunay Krishna Khaitan, wholetime director of the company within the limit approved by the shareholders in the AGM.

The U.S. currency remained elevated versus major peers on Friday. The dollar index, which measures the greenback against six counterparts including the euro and yen, was trading little changed at 105.11 after jumping 0.91% overnight and touching 105.27 for the first time since Dec. 8.

Nifty futures on the Singapore Exchange traded 31.5 points, or 0.17 per cent, lower at 18,033.50, signaling that Dalal Street was headed for a negative start on Friday. But here are some stocks which are expected to see some action in trade today.

"As long as the labor market is resilient, the Federal Reserve has to continue to tighten financial conditions to bring inflation down," said that strategist who expects investors to be keenly focused on wage inflation in Friday's jobs report.

JPL's profit after tax (PAT) for the quarter is expected to be flat at ₹4,753.8 crore as the company recognises a portion of 4G spectrum cost, said ICICI Securities. The firm expects Bharti Airtel to benefit from lower forex in the quarter, pushing its PAT up nearly 49% quarter-on-quarter to ₹3,194.5 crore. I-Sec pegged Vi's December quarter loss, amid continuing customer churn, to be almost flat at ₹7,536 crore compared with ₹7,595 crore in the July-September quarter.

Co-promoted by the UK's Vodafone Plc and India's Aditya Birla Group (ABG), Vi needs the cash quickly as its dues to Indus have mounted to around ₹7,500 crore. It has given a commitment to the tower company to pay 100% of its current dues from January onwards, and also clear its outstanding as of December 31, 2022, over seven months, starting this month.

The company further stated that as per regulation 4(2) of the Sebi delisting regulations, no acquirer, including the promoter and members of the promoter group who has sold any equity shares of the company six months prior to the date of the initial public announcement could propose delisting of equity shares of that company.

​​Analysts are forecasting the likelihood of sustained performance in some of them. Out of the 13 stocks that have fetched returns every year in the past six years, eight could continue their winning run, according to analyst consensus price targets compiled by Bloomberg.

The resolution professional set a threshold price of ₹1,143 crore - the price at which Vedanta submitted a bid. JPSL had previously offered ₹859 crore on a net present value basis, which was arrived at after discounting the future cash flows, the people said.

A close above Rs 2,750 could take the stock above Rs 3,000 level. Short-term traders can look to buy the stock now or on dips for a possible target of Rs 3,000-3,200, suggest experts

Analysts said slower growth has raised questions about the prospects of Bajaj Finance shares, which are considered expensive compared to other lenders.

"With forecasts of policy rate hikes already at a steep 250 basis points, we worry that this might impede aggregate growth and reduce discretionary consumption," said Punit Bahlani, equity research associate, Nomura. "A sharp decline in commodity prices would also result in less working capital needs. Given the overall macro headwinds, private sector capex is unlikely to show up in a hurry."

Banks received six bids with resolution plans ranging from ₹145 crore to ₹250 crore in the initial round of bidding conducted last month. Sankalp's offer was closely followed by Mumbai-based Rockwood Hotels & Resorts, which offered ₹247 crore payable over eight years, documents accessed by ET showed.

The Middle East's largest bank was previously in the "very early stages of evaluating a possible offer for Standard Chartered" but is no longer doing so, it said in a regulatory filing Thursday. Bloomberg News reported earlier that FAB had been assessing Standard Chartered for more than six months as it considered a potential bid for the London-based lender.

Last week, natural rubber prices dropped to a two-year low mirroring the weaker trends overseas due to lower demand from China and higher supply. Meanwhile, Brent Crude prices fell to the $80 a barrel mark again amid concerns over an economic slowdown and rising Covid cases in China.

The Income Tax department had sent queries to these offshore entities asking why their dividend incomes should not be taxed. Foreign funds, which were unable to demonstrate 'commercial substance' to it, have been denied the tax treaty benefit. An entity is said to fulfil commercial substance requirements, if it has an office, working staff, cash flows and management there.

This is the second time Securities and Exchange Board of India (Sebi) has extended the deadline to comply with the rules

At 9:49 a.m. ET, the Dow Jones Industrial Average was down 409.07 points, or 1.23%, at 32,860.70, the S&P 500 was down 46.53 points, or 1.21%, at 3,806.44, and the Nasdaq Composite was down 148.62 points, or 1.42%, at 10,310.14

“Domestic equities struggled to maintain the 18k zone after minutes from the mid-December meeting showed that US Fed officials agreed to slow the pace of rate hikes but continued to maintain hawkish views until inflation came within control," says Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services

"ABB has made a decent correction from the 3450 level to 2650 and also has shown signs of taking support and consolidating near the 200 DMA level of 2670 which would be quite significant anticipating to give a pullback from here on," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

Domestic equities struggled to maintain the 18k zone after minutes from the mid-December meeting showed that US Fed officials agreed to slow the pace of rate hikes but continued to maintain hawkish views until inflation came within control. Nifty opened positive but drifted below 18,000 levels and went into negative territory,” Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said.

Last year, the regulator introduced regulations for online debt trading platforms which stated that no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021.

Marico said that during the quarter, the FMCG sector witnessed some improvement in demand, which was more visible in specific categories buoyed by the festive fervour and oncoming winter season.

"Sundararaman Ramamurthy has assumed charge as Managing Director and Chief Executive Officer of BSE," the exchange said in a release on Wednesday.

Benchmark indices continued to trade in the red on Thursday in a volatile session. Nifty at the close settled below 18,000. Sector-wise, FMCG pack registered the maximum gains of over 1%, while financial services logged the maximum cuts of over 1%“Erasing early gains, Nifty and BankNifty ended lower for the second consecutive session; BankNifty slipped below 42,500, while Nifty settled near 18,000 mark. Nifty to oscillate between 17,800 and 18,200 band, while focus is shifting to selected midcap stocks. FMCG and Infrastructure stocks regained momentum on the upside, and hence stocks specific rally is expected,” Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities, saidHere are 6 stock recommendations for Friday

The Dow Jones Industrial Average fell 78.05 points, or 0.23%, at the open to 33,191.72

Against this backdrop, the watchdog has decided to provide relaxation till September 30, 2023, from LODR (Listing Obligations and Disclosure Requirements) Regulations, pertaining to dispatching of hard copies of the annual report to shareholders, according to a circular.

News that China's mainland border with Hong Kong will be reopened after three years had sent Asian-Pacific shares outside Japan to a four-month high overnight, but with both the dollar and bond market borrowing costs creeping up, Europe couldn't keep up.

The benchmark index, Sensex, has fallen for the second consecutive day, down over 300 points at 60,353 on Thursday. Despite this weakness in the markets, six stocks from the BSE 500 index managed to record 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 to analyse a stock's current value and to predict its future price movement.

The consent has been given on the condition that the government’s voting rights in the lender should not exceed 15% of the total voting rights of the bank, IDBI Bank said in a release

In Thursday’s trading session, the shares of the company ended with a cut of 1% at Rs 174.85 apiece on the NSE. As per the latest corporate shareholding filing, Khanna holds 21 stocks with an estimated net worth of Rs 394 crore.

The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender

India's market regulator has allowed the government's shareholding in IDBI Bank to be reclassified as "public" after its stake sale on condition that its voting rights do not exceed 15%, the lender said on Thursday.The government, with a more than 45% stake in IDBI Bank, is currently classified as a co-promoter of the lender.

An increasing number of companies have been doling out bonus shares since the past few months. This has come as a golden opportunity for some promoters waiting to take a quick exit from their holdings, thanks to the bonus-triggered boost in liquidity in the shares.

Analysts said today’s intra-day recovery shows that buying is expected to emerge from near the lower support of around 17750-17800 levels.

Indian equity indices ended lower for the second straight session on Thursday dragged down by banking and finance counters and continuous foreign fund outflows amid mixed global sentiments. The 30-share BSE Sensex ended 304 points lower at 60,353.27 after it failed to hold on to initial gains. Nifty shed 50 points and closed below 18,000 level. Broader markets, however, gained, with Nifty Midcap 100 gaining 0.5%.Here are the stocks that remained in focus today:

From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top laggards, falling over 5%

Closing Bell: Sensex slumps 304 points in volatile trade; Nifty below 18,000; Bajaj Finance cracks 7%, Adani Total Gas rises 5%

Minutes on Wednesday from the Fed's December policy meeting showed officials were worried about "misperception" in financial markets that their commitment to fighting inflation was flagging, though they agreed the central bank should slow the pace of its monetary policy tightening.