PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.

Overall, the SMA-2 book stands at ~0.3% of loans. Improvement in the corporate credit cycle along with the fact that trailing loan growth in the corporate segment has been muted in the past few years should moderate NPL formation further.

"The bank has managed asset quality well throughout the epidemic, and the bank intends to aggressively extend its footprint through partnerships with fintech companies as well as physical expansion. We value the company at 12.8x FY23 EPS to arrive at the target of 161," the note said.

On the weekly chart, the stock gave a breakout from 88 weeks consolidation patch. From a pattern perspective, it can be considered as a rounding bottom pattern which is a bullish development.

Domestic equities are widely expected to kick off the new year on a positive note as the broader outlook for India remains bright. Analysts believe that stock-specific actions are likely to remain high at the bourses and a handful of stocks are on the verge of breakout on the technical charts. Based on their recommendations, here are eight stocks that can deliver strong returns.

Domestic equity markets made gains on Monday morning, tracking strong Asian stocks cues. Indices on Monday surged after being volatile in pre-opening sessions of both BSE and NSE. BSE Sensex surged 77 points to 60,917.87 while Nifty 50 went up 25 points to 18,130.35 at 9.27 am on Monday.

While the worst January was in 2008 when the index lost 16.3% of its value amid the global financial crisis, monthly returns have been negative in all the last four years as well.

A count of multibagger stocks with a market capitalisation of over Rs 500 crore shows that the number of stocks that at least doubled investor wealth in a given calendar year were 135 in 2020 and 336 in 2021. The pre-Covid years of 2018 and 2019 rewarded investors with only 19 multibagger stocks each.

The end-of-the-year trading day on Friday saw a lack of liquidity in the markets, with the Nifty closing on a negative note. Yet the headline index has given a return of 4.33% on a year-to-date basis, despite December being a loss-making month.

Rise in interest rates, recession fears, the Russia-Ukraine war as well as rising concerns over Covid cases in China will keep the markets on edge in 2023, suggest experts. “This decline in forex reserves is to defend the rupee amid pressures caused majorly by global developments. On the technical front, 17950 and 18300 are immediate support and resistance in Nifty 50,” Mohit Nigam, Fund Manager & Head - PMS, Hem Securities, said.

In the Sensex pack, Tata Steel, Tata Motors, Bharti Airtel and ICICI Bank were the top gainers, rising about 0.5-1%. Bajaj Finserv, Axis Bank, Bajaj Finance, Nestle and NTPC also opened in the green. Whereas, Asian Paints, ITC, Sun Pharma, M&M and HCL Tech opened with cuts.

The next big resistance for the index is placed at around 18,400. Budget 2023, rise in Covid cases, FII flows as well as earnings season will guide markets in the near term, suggest experts.

Buying a stock due to high dividend yield, does not interest many. Everyone is looking for capital gains. However, there are many advantages to having high-dividend-yielding stocks in one’s portfolio and they are realized by majority at the time of correction in broader markets. 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, on a consistent basis, for at least 8 years.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Angel One Broking's Amar Deo Singh has a buy/sell recommendation on Tata Steel and REC Limited while Nooresh Meerani has a buy/sell recommendation on SBI and Vedanta for today's trading session. Check out the targets and stop-loss.

The counter is moving in an ascending channel formation, which is defined as price action contained between two ascending parallel lines. The overall structure is very bullish, and higher highs and higher lows characterise this price pattern.

Nifty futures on the Singapore Exchange traded 40 points, or 0.22 per cent, lower at 18,183, signaling that Dalal Street was headed for a negative start on Monday. Here are some stocks that will be on the investors’ radar today. Watch.

The company in a filing informed that the company has secured long-term funding of USD 100 million from the Asian Development Bank (ADB). The USD 100 million External Commercial Borrowing (ECB) is a 5-year loan under SFL’s Social Finance framework.

Power Grid Corporation of India’s daily trend is sideways to bearish. Since mid of November, it is trading in the small range and is showing weaknesses. Based on option chain analysis, the range is between 210 and 220. Let’s plan a trade around that.

The stock was corrected by Rupees 336 after a rise of Rupees 916 from 1st July 2022 to 31st October 2022 (in 4 months). It has recovered and completed a pullback, and the oscillator and prices are showing strength. Falling trendline breakout in prices and horizontal line breakout can be seen in the daily time frame chart.

Founders Prannoy Roy and Radhika Roy will receive a little over Rs 602 crore for selling 27.26% stake in the news broadcaster to Adani Enterprises at a per-share price of Rs 342.65.

Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability.

"Wholesale digital rupee is expected to make the inter-bank market more efficient and reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk," the central bank said. "Based on the learnings from this pilot, other wholesale transactions and cross-border payments will be the focus of future pilots."

Traders who missed the rally can look at buying the stock now for a target above Rs 120 in 6-7 weeks

India will not be able to choose its policy stance in 2023; it will have to react to a very volatile global situation. In a best-case scenario, growth could zoom to 7%. In a worst-case scenario, it could sink to half that.

Even after this year's record 65% drop, the electric-car maker's meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors, Stellantis NV and Ford Motor. combined.

​​ICICI Bank to deliver strong compounding returns with valuations set to re-rate higher as the bank has cemented its stalwart position with highly efficient significant liability franchise, strong capital ratios, and steady asset quality.

​On the downside, Nifty has immediate support at 17,950; breaking below will see a test of the recent low of 17,774 which will act as support. India’s VIX has come down to 14.87. VIX below 15 levels will support the market, and any rise will keep the markets under pressure.

This will be a first for many investors who joined the rush into equities in recent years and for whom 'buy-on-dips' was a sure shot strategy to make money in the market.

But 2023 is shaping up to be a better year, market pundits say, now that authorities have put economic revival back as a top priority, ramped up efforts to salvage an ailing property sector and signaled more support for private enterprise. It won't be a smooth ride though, given the challenges from a messy Covid-Zero exit to lingering US-China tensions and a looming global recession.

The expectation of a positive start for equities is also backed by the historical performance of the benchmark Sensex on the first trading day of a year in the last 22 years.

Musk lost $140 billion in 2022 due to the collapse of Tesla's share price, leaving his total net worth at $130 billion, according to Bloomberg's index of the world's richest people.

The Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled.

Indian benchmark indices closed on a bearish note on the last trading day of 2022 owing to weak global cues, fag-end selling in select banking, IT and capital goods shares. BSE Sensex dropped 293 points to close at 60,840 on Friday, while broader NSE Nifty settled 86 points lower at 18,105.30. The broader markets ended on a positive note.The key indices, however, posted annual gains of over 4% in 2022 to emerge as the world's best-performing large market indices.The BSE barometer closed 2022 with an annual gain of 2,586.92 points while the Nifty ended the year higher by 751.25 points.“Following Thursday’s rally, Nifty failed to provide positive follow-up action. Overall, Nifty rallied 1.7% this week. However, it remained beneath the peak of the prior week. Sustenance above 18,200 is essential to revisit levels of 18,400 on the upside, while on the flip side, levels of 17,900-17,800 are likely to act as immediate support. Stock-specific rally within the financial space is possible. Also, selected chemical and fertilizers stocks rebounded off the key support zone,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities.Here are 4 stock recommendations for Monday

However, in recent times, investors’ appetites have been shifting to index-based strategies with the increasing availability of independent, transparent, and rules-based global, regional, and local indices, and market benchmarks in the country and more broadly, the Asia-Pacific region.

An elevated fiscal deficit with persistent 5-6% inflation will keep borrowing costs high. Given sticky core inflation, the RBI’s monetary policy committee, which will meet after the budget on Feb 06-08 is likely to raise policy rates by another 25 bps to 6.5%. Hence, 10-year G-Sec could remain close to 7.25% for most of the year.

With consistent uptick in SIP inflows and increase in mutual fund folios, 2022 has been a bright year for mutual funds. Despite volatility across equity markets worldwide, mutual funds continued to provide promising returns. While large cap mutual funds were the top performer in the last 1 year with returns of 3.15%, small caps and flexicap funds were the worst performers. In this scenario, the big question is: How will mutual funds perform in 2023? Which categories of funds should you bet on in the year ahead? To answer all these questions, on the ET Money Show, we brought on board Swarup Mohanty, CEO, Mirae Asset Global Investments India.

While the nifty has recovered from the drubbing it had seen in the first half of 2022. Both the small indices and small stocks as set are lagging behind. Probably 2022 would go down as one of the most painful years for small cap stocks. The weakness which small caps were witnessing from the last quarter of 2021, continued in 2022 and got accentuated when the Russia and Ukraine war started and for all practical purposes the small caps stocks are still reeling under pressure. Will 2023 be different, or would it follow the same pattern?

From the rollover perspective, Nifty futures open interest has declined marginally compared to the last series, and it was the lowest OI seen at inception since the July series as short positions were covered in recent declines. At the same time, the premium in Nifty

In 2023, focus on your savings to get ahead with finances. Try to save 10% of our take-home income and 20% if you can. Lock three to six times your monthly income in an FD for emergencies. Make a budget and use recurring deposits (RD) to ensure compulsory savings. Keep track of your income and expenses.

A high return on equity is a result of two factors. First, the basic nature of the business, there are some businesses that require a constant dose of capital, and there are some which may require a higher amount of capital but that would be a one time requirement. Second, how efficiently the management uses those resources. 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".

"Despite correction in the markets, increasing concerns over re-emergence of Covid in some parts of the world and recession worries in the US. FPIs remained net buyers in the Indian equity markets (in December)," Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said.

“Epidemic preventions and controls are entering a new phase...Everyone is working resolutely, and the light of hope is right in front of us,” China President Xi Jinping reportedly said.

Tata Consultancy Services' (TCS) mcap went higher by Rs 11,690.67 crore to Rs 11,92,576.32 crore and that of ICICI Bank gained Rs 8,221.94 crore to Rs 6,21,588.34 crore.

“Epidemic preventions and controls are entering a new phase...Everyone is working resolutely, and the light of hope is right in front of us,” China President Xi Jinping reportedly said.

Will India's outperformance continue in 2023? Sanjiv Bhasin of IIFL Securities Ltd Markets, Siddhartha Bhaiya of Aequitas Investments and Jigar Mistry of Buoyant Capital reveal their top stock picks for the new year. The market experts share where they are betting their money on, and share how to identify outperforms in 2023. (ET Now)

One of the most prominent trends during 2022 was the jump in retail investors. This spike in number was also due to the spawn of online trading platforms which may be apps in many cases that seem to stick to investors' imagination.

The geopolitical tensions between Russia and Ukraine had a cascading effect on other world economies as commodity prices skyrocketed, inflation hit multi-decades high in the US and Europe and forced central banks to hike interest rates like never before.

Poonawalla Fincorp Ltd, Arvind Smartspaces, Suryoday Small Finance Bank, Sharda Cropchem, and Titagarh Wagons, and South Indian Bank, among others.

Meanwhile, a two-decade-high US dollar and concerns over the economic downturn in China, the largest commodity consumer, eased most of such gains in the second half of the year.