Wipro is best placed in terms of resilience (least exposure to stressed verticals), expectations (pessimism built in given highest cuts to FY24E USD revenue growth) and valuation comfort (lowest premium to past 5-year median), the brokerage firm said.

The BSE Auto index saw its third good year in the trot after surging about 20% in each of the last two years. In 2022, the index performance is almost 3 times higher than benchmark index Sensex, which gained 7%. As many as 12 of 17 stocks from the BSE Auto Index have given double-digit returns, and from that list, 6 stocks have gained anywhere between 25 and 70% so far in 2022 (Data Source: ACE Equity). Interestingly, all 6 stocks look quite strong on SWOT analysis. Take a look at the key strengths of these stocks, according to Trendlyne.com.

In the Sensex pack, Asian Paints, Infosys, Titan and Kotak Bank were the top losers, falling about 1-2%. Power Grid, SBI, Bharti Airtel, Sun Pharma, Bajaj Finserv and HUL also closed lower.

Global investors, including Capital Group, UBS, Abu Dhabi Investment Authority (ADIA), USS, William Blair and Nomura, have picked up over 7.2% stake in the company

Closing Bell: Sensex, Nifty end lower after choppy session; LIC rises 4%; Infosys, Titan fall 1%

Among star fund managers, Basant Maheshwari's multi-cap fund outperformed with a return of around 6%. Sunil Singhania's small and midcap-focused Abakkus Emerging Opportunities Fund made investors richer by 5.10%, while Devina Mehra's India Super 50 multicap fund returned 3%.

However, JPMorgan estimated earnings to remain under pressure in F23/24 as the company catches up on back book provisioning. This keeps the F24 estimate broadly unchanged. However, with limited new stress formation and system growth itself picking up, it sees the further scope of re-rating at PNB, the brokerage said.

There is a new wave of Angels, HNIs and VCs who believe deeply in the value addition that technology-led innovation can bring to society and are always on the lookout to back entrepreneurs who can lead the disruption, FAAD Co-founder and Director Karan Verma said.

The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.

Bonus shares are additional shares issued by the company to the existing shareholders without any cost but require regulatory and shareholders’ approval. The company that is low on cash but wants to provide benefits to the shareholders on their investment, hence, they issue bonus shares.

However, the weakness in the broader market spilled on the shares of Unipart India too and the counter saw some more selloff post listing at Dalal Street. It dropped over 6% to Rs 539 on BSE.

Traffic levels across key stretches of IRB are holding up quite well, the brokerage said. The EPC arm is better placed than peers on a strong order book despite weak inflows so far from the NHAI, it said.

Tech and other so-called growth shares sagged after U.S. producer price data on Friday suggested inflation could prove more persistent than previously thought, ahead of a consumer price report on Tuesday and the Fed policy decision the following day.

At 11.07 am, the scrip was trading 6.8% higher at Rs 21 over its last day’s closing price of Rs 19.7 per share. The stock has also surged nearly 63% in the last six months, while it has risen about 50% on a year-to-date basis.

BofA Securities maintained its buy rating on Sun Pharma with a target of Rs 1,000. Flattish llumya trend and the company is waiting for Winlevi Rx to pick up. Sun Pharma's global specialty revenue growth was 30% in H1FY23, this was largely aided by llumya ramp-up. Regulatory overhang continues.

The contract will be an Engineering & Procurement scope contract which includes design & engineering, equipment supply, installation, commissioning, and start-up of the Purolite Victoria WWTP. The project is scheduled to be executed over 24 months, the company said in a BSE filing.

Jamna Auto Industries: Buy| Target Rs 116| Stop Loss Rs 104

The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.

In the last one month alone, Punjab and Sind Bank is up nearly 71%, UCO Bank 55%, Union Bank of India 51%, Bank of India (BoI) 42% and Central Bank of India 39.5%. On a year-to-date (YTD) basis, Bank of Baroda (BoB), Indian Bank and Union Bank of India have more than doubled investor wealth.

The BSE Sensex was trading 438 points or 0.70% lower at 61,744. Nifty50 was trading at 18,378, down 118 points or 0.64% at around 9.18 am

Sensex tumbles over 400 points; Nifty drops below 18,400; Infosys, HCL Tech fall up to 2%; 25 out of 30 stocks open in the red.

Bonus shares are additional shares issued by the company to the existing shareholders without any cost but require regulatory and shareholders’ approval. The company that is low on cash but wants to provide benefits to the shareholders on their investment, hence, they issue bonus shares.

In the BSE list of stocks, four 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 9. Take a look:

Apollo Hospitals Enterprise’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses and closed in negative. Based on option chain analysis, the range is between 4400 and 4900. This is a wide range. Using the PCR ratio, it is at 0.5 and confirms weaknesses. Let’s plan a trade around that.

The Rs 835.6 crore IPO of Unipart India was sold in the range of Rs 548-577 per share, and was overall subscribed more than 25.3 times between the three-day bidding process November 30 and December 2.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous 5-year high value at the close on December 9, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look:

The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.

Even as the Nifty remained under corrective pressure on Friday, the broader markets offer opportunities which are stock-specific.

In the last one month alone, Punjab and Sind Bank is up nearly 71%, UCO Bank 55%, Union Bank of India 51%, Bank of India (BoI) 42% and Central Bank of India 39.5%. On a year-to-date (YTD) basis, Bank of Baroda (BoB), Indian Bank and Union Bank of India have more than doubled investor wealth.

If one looks at the stock performance, most of them have given positive returns consistently in the last three years. Industrial equipment maker Elpro International, GMM Pfaudler, Inox Wind, Asahi India Glass, Indian Hotels, and Blue Dart Express have given double-digit returns in the current financial year despite the volatility in the market.

Volatility has tightened its grip on the domestic equity market as the benchmark indices have witnessed a sharp correction from record peaks. However, analysts see a number of opportunities for traders, where risk-reward ratio appears favourable. Based on their recommendations, here are nine stocks that are set to rally in the near term.

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.23 per cent, lower at 18,547.50, signaling that Dalal Street was headed for a negative start on Monday. Here are some stocks which may buzz the most in today's trade.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on Bajaj Finance and ICICI Bank while Kunal Bothra has a buy/sell recommendation on Eicher Motors and Godrej Consumer for today's trading session. Check out the targets and stop-loss.

Vodafone Idea's proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in the absence of any response from the government on the conversion of interest dues into equity.

Kama Holdings’ board will meet to consider and approve the audited condensed standalone and consolidated interim financial statements for the six month period ended September 30, 2022. Also, the company will meet for share buyback.

Stocks that were in focus include names like Yes Bank which was up nearly 11%, Punjab and Sind Bank rose over 7%, and Central Bank of India rallied over 4%.Here's what Pravesh Gour, Senior Technical Analyst, Swastika Investmart at recommends investors should do with these stocks when the market resumes trading today:

But after a tumultuous year that has the S&P 500 Index looking at its biggest annual loss since 2008, equity traders are prepared for one sure thing over the coming sessions: more volatility.

Uniparts India will be listed at bourses on Monday. Its Rs 835.6 crore IPO was open was open between November 30 and December 2, sold in the range of Rs 548-577. It issue was overall subscribed more than 25.3 times.

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.23 per cent, lower at 18,547.50, signaling that Dalal Street was headed for a negative start on Monday.

GLOBAL-Asian shares dip, dollar firms ahead of central bank rate hikes

The Reserve Bank of India (RBI) allowed domestic investment in a GIFT City fund using the Liberalised Remittance Scheme (LRS), under which a resident Indian can invest up to $250,000 a year in stocks and properties abroad. But administrators of category 3 AIFs receiving such LRS money may have a tough time dealing with the taxman.

Investment mostly through secondary sale of shares; small primary sale will see infusion of growth equity.

The concerns about the carrier have been made worse as government has had no indication of fresh promoter-level equity infusion into Vi, without which it is difficult to go ahead with the conversion into equity of the telco's ₹16,130-crore accrued interest on deferred adjusted gross revenue (AGR)-related dues.

The company has assets of about ₹5,000 crore under management, primarily consisting of mortgages to the self-employed segment with an average ticket size of ₹13 lakh. Earlier this year it started a micro-housing business and is also building a commercial vehicle loan book through a subsidiary.

The trend is more prominent in the past ten months of 2022. The contribution of regional films to the gross box office collection of all films released in India in the past ten months of 2022 has touched a new peak of 60%. This is followed by 33% and 7% collections of Hindi and Hollywood films, respectively. The 60% collection of regional films released in India is at a seven-year high.

Amid recent optimism that inflation has peaked - and that the Federal Reserve could soon start to change its tone - 71% of respondents in a Bloomberg News survey expect equities to rise, versus 19% forecasting declines.

This is the first passive tax-saving scheme launched by a fund house after market regulator Sebi allowed them. The fund will invest in stocks in the same proportion as the Nifty 50 index and will aim to mimic its returns. As it is a tax-saving fund, all investments in this scheme up to ₹1.5 lakh will give a deduction under Section 80C of the Income Tax Act. The units of this scheme will be locked in for three years from the date of allotment. The minimum amount of investment is ₹500 and the new fund offer (NFO) closes on December 21.

​We recommend focusing on stocks based on the sectoral trend. We expect the positive tone to continue in banking and FMCG sectors while pharma and IT stocks may continue to trade lackluster. Besides, it’s prudent to keep the leveraged positions hedged, especially overnight trades, citing the upcoming data and events and staying selective on the broader front.

Such a move would mark a divergence from a series of 75 basis-point hikes this year to help tame inflation. US corporate credit primary markets are mostly stalled heading into the rate decision. High-grade syndicates desks anticipate weekly sales won't pass $5 billion, and its very possible that there could be no issuance at all.

While ICICI Bank has said it will focus on supply chain finance for future growth, Axis Bank has onboarded technology providers to offer AI (artificial intelligence)-powered supply chain solutions.