Morgan Stanley analysts said PSU banks should see relatively higher margin expansion compared to many private banks over F22-F24, reflecting a higher starting point of liquidity, sharp moderation in NPA formation, reducing interest income reversals and lower share of wholesale deposits relative to select private banks.

The stock hit a fresh high of Rs 1,695 on September 2, 2022, but it failed to hold on to the momentum. Momentum suggests that the stock will be able to break above this level. On the price front, the stock price is trading above the crucial short- and long-term moving averages placed at 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.

Nothing is more important than our health. We need to be financially ready to handle whatever life throws at us. In recent times, the Covid-19 pandemic and its impact have added impetus to the importance of being financially prepared for medical emergencies.

Paytm board believes that this buyback is a sign of confidence that the company is on a clear path to deliver cash flow profitability, and this buyback will not have any impact on its growth plans in the near future or on its profitability plans," the company said.

Declining for the 5th consecutive month, NSE active user clients fell 1% month-on-month to 3.6 crore, according to a report by Motilal Oswal. Data shows that the top five brokers control over 60% of the market. Here is a list of the top 5 stock brokers:

The selling could well be part of a strategy of mutual funds to book profits in the stock which has gone up 3 times in the last 5 years. On the other hand, HDFC Bank has gone up by only about 75% during the period. Even on a year-to-date basis, ICICI Bank is up 22% while its larger peer has returned just about 8%.

Sensex rises 180 points, Nifty above 18,650; NCC gains 3%, Yes Bank 2%; Rupee slips 4 paise to 82.64 against US dollar in early trade.

In the NSE list of stocks with a market cap of over Rs 5,000 crore, seven stocks crossed their previous 5-year high value at the close on December 13, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look

“The lower-than-expected November CPI inflation in the US which came at 7.1% YoY and only 0.1% MoM confirms the market expectation that the Fed will hike rate by only 50bp today. The consensus terminal Fed fund rate is now slightly below 5%, which is market positive,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Credit Suisse maintained an outperform rating on InterGlobe Aviation with a target price of Rs 2350 on the back of strong plane addition in Q3, particularly 321 NEO. Indigo is leveraging the robust demand environment, it said. The global brokerage firm is of the view that a combination of higher yield and lower costs may lead to a strong Q3.

S&P BSE Sensex closed with gains of over 400 points while Nifty50 reclaimed 18,600 levels on Tuesday.

In the NSE list of stocks, five stocks with a market cap of over Rs 500 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on December 13. Take a look:

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 Indusind Bank and SBI while Kunal Bothra has a buy/sell recommendation on Indusind Bank and GE Shipping for today's trading session. Check out the targets and stop-loss.

The encouraging data bolstered stocks on Wall Street, as benchmark indices surged 2-3% on Tuesday, while yield on the 10-year treasury note plunged 15 basis points to 3.485%. The dollar index hit a near 6-month low of 103.586 points.

Stocks that were in focus include names like UCO Bank which was up nearly 20%, Yes Bank which gained nearly 14%, and Indian Overseas Bank which closed with gains of nearly 15% on Tuesday.

Nifty futures on the Singapore Exchange traded 67 points, or 0.36 per cent, higher at 18,768, signaling that Dalal Street was headed for a positive start on Wednesday. Here are some stocks which may buzz the most in today's trade.

Shares of Alstone Textiles will trade both ex-split and ex-bonus today. The bonus share issue has been announced in the ratio of 9:1, whereas the stock split is in the ratio of 1:10, as shares of face value of Rs 10 will be split into shares of new face value of Re 1 each. MFS Intercorp will announce its quarterly results. Besides, Globe Commercials' board will meet today to consider bonus share issue.

Tesla first crossed above the $500 billion threshold in November 2020, after its share price jumped more than sixfold ahead of its inclusion in the S&P 500. A seemingly insatiable investor appetite for anything related to EVs, and more broadly technology, helped fuel part of that rally in a cash-rich market.

The Nifty resumed its upward momentum on Tuesday, closing just above the 18,604 level, the previous all-time high from where it had started slipping. Many consolidating stock are now on the rise.

Overnight Wall Street surged, before paring gains to leave the S&P 500 up 0.7% at the close. The dollar, which is falling from 20-year highs as U.S. interest rate expectations retreat, dropped broadly and sharply, while bonds rallied.

The rally in the global markets could spill over into India as mutual funds, flush with money from retail investors through the SIP route, remain net buyers.

Maruti Suzuki India’s daily trend is bearish. Based on RSI, it is currently at around 36 confirming weaknesses. Based on option chain analysis, the range is between 8000 and 9000. This is a wide range. Using the PCR ratio, it is at 0.4 and again confirms weaknesses. Let’s plan a trade around that.

U.S. stocks rose on Tuesday after a unexpectedly small consumer price increase buoyed optimism that the Federal Reserve could soon dial back its inflation-taming interest rate hikes, but concerns remained the central back could stay aggressive.

Yes Bank said private equity majors Carlyle Group and Advent have picked up 9.99 per cent stake in the bank. The two private equity funds together would pump in about Rs 8,896 crore in the lender.

"There was some excitement early on that the CPI number was once again below expectations - it shows some sequential cooling - but once we saw that initial pop, stock investors kind of reassessed," said Jason Ware, chief investment officer at Albion Financial Group in Salt Lake City, Utah.

In a discussion paper floated on November 4, the Securities and Exchange Board of India (Sebi) proposed uniform standards for regulated entities - including foreign portfolio investors (FPIs), mutual funds and brokerages - while storing information on cloud.

The threshold price is the minimum price that a resolution applicant must offer to participate in the first round of the challenge auction to acquire the company that is undergoing corporate insolvency resolution.

Warren Buffett's firm started publicly reducing its stake in Shenzhen-based BYD in August, when it cut its holding from 20.49% to 19.92%. The pace of sales accelerated in November. Berkshire only has to disclose sales of 1% or more, with any transactions to counterparties under that figure not publicized. Berkshire's holding now stands at 14.95%.

Sapphire Foods, Barbeque-Nation Hospitality, Mrs Bectors Food, and V-Mart are among the brokerage's top picks among smaller consumer companies. IIFL's price targets for these stocks imply a 22-28% upside from Tuesday's closing prices.

BoB currently holds 98.57 per cent of the total equity share capital of NBL. Details about the process of transaction are given in the PIM, which will be published on Wednesday for inviting EOI from bidders, it said.

"This definitely sets the ball rolling for the Fed to consider and deviate from the super aggressive rate hikes to mild or status quo policy actions," said Dhawal Dhanani, fund manager at Samco Mutual Fund.

In January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Meanwhile, Tesla shares are further sliding, amid reports that Tesla will cut production at its Shanghai plant by 20 per cent in December.

The stock has risen over 5% in a month, and over 18% in the last 6 months, which helped it hit fresh highs in December

Three independent directors have resigned since November 22 amid allegations of mis-governance at the company. Independent directors Jayant Gokhale and Devendra Saksena resigned on December 2 while Sushama Nath resigned on November 22 after the release of the audit report earlier in the month.

The Dow Jones Industrial Average rose about 1%, the S&P 500 gained 1.7% and the Nasdaq Composite added 2.4%.

"UBL has been trading in a steady up trend since March 2020. Positional traders and short-term investors can accumulate in the given range of Rs 1760-1780," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The company will utilise at least 50% of the amount set aside for the buyback of shares

​​The share issue will translate into 5.9% stake each for both the PE firms in the private sector lender. Their stake will go up to around 10% after the conversion of the warrants

The entity is managed and controlled by US-based private equity firm General Atlantic.The shares were sold at an average price of Rs 1,810.09 apiece, taking the transaction value to Rs 564 crore.Post the latest transaction, General Atlantic's shareholding in the company will reduce to 17.46 per cent from 20.96 per cent.

The Dow Jones Industrial Average rose 555.64 points, or 1.65%, at the open to 34,546.65

Benchmark U.S. Treasury 10-year note yields - which move inversely to prices - dropped by about 15 basis points just after the data and then climbed to about 3.5%, still about 7 bps lower than their level ahead of the release.Two-year-yields fell over 15 bps to then climb to 4.26%, still 9 bps lower than prior to the release.

Rent inflation may be moderating sooner than many feared. The annualized monthly rate of core inflation was only 2.4% in November, down from 3.5% in October, and way lower than the 7.2% in September. If the inflation numbers stay where they are, we're already close to peak tightness for where monetary policy should be

The core rate which excludes volatile food and energy prices is expected to have increased 6.1%, after a 6.3% rise in October.Money market participants now see an 89% chance that the Fed will increase the benchmark rate by 50 basis points on Wednesday, with the rates peaking in May 2023 at 4.98%.

Benchmark index Sensex closed higher by about 400 points at 62,533 on Tuesday. During this rally, 8 PSU banking stocks managed to touch 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.

Valuation of Sensex is the highest among the emerging market peers, all of whom are trading at 0.9-1.7 times their 1-year forward price-to-book value, the brokerage said in a note

The consolidation of Housing Development Finance Corporation and unit HDFC Bank will create a more than $200 billion financial services behemoth, and the parent will be able to tap the bank’s deposits to grow, rather than pile on more debt

Equity benchmark Sensex notched up smart gains on Tuesday after a two-day losing run as investors accumulated IT, finance and energy stocks in the wake of encouraging retail inflation data. After a subdued opening, the 30-share BSE Sensex gained momentum as the session progressed to close 402.73 points or 0.65 per cent higher at 62,533.30.Similarly, the broader NSE Nifty advanced 110.85 points or 0.60 per cent to end at 18,608.“Nifty is witnessing a minor bounce back within the short-term consolidation. On December 12, the index had taken support near 18350 & hereon, the index has taken an intermediate leap. On the way up, it crossed a falling trendline but halted near the hourly upper Bollinger Band. Also, the daily chart shows that the index has moved up to retest the lower channel line after the recent channel breakdown,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said.Here are 6 stock recommendations for Wednesday:

Benchmark indices ended in the green on Tuesday after retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November. . Nifty added 0.6% or 111 points to end at 18,608, while Sensex climbed 402 points or 0.65% and settled at 62,533. Sectorally, public sector banks continued their winning run and added another 4%, while FMCG and Realty packs ended in the red.Here are the stocks that hogged the limelight on Tuesday:

India VIX was down by 3.28% to 12.88 levels from 13.31. Volatility dropped to its multi-month low and has been hovering at lower levels from the last two months.Option data suggests a trading range in between 18,300 and 19,000 zones, while an immediate trading range in between 18,400 and 18,750 zones.

At present, the top five discount brokers account for 59.1% of overall NSE active clients, up from 58.9% in October 2022. Zerodha remained the top broker with a 24 bp rise in market share to 18.3%; however, it reported a 0.5% MoM decline in its client count to 66 lakh.