With effect from December 20, 2022, Home Development Finance Corporation Ltd. (HDFC) increased its Retail Prime Lending Rate (RPLR) by 35 basis points.

So far in December, VIX has been trading at a daily average of 13.5, which is near the lower end of the band the index has traded in the past decade. The daily average level of VIX so far in 2022 is about 19.5. When VIX is low, it indicates that the risk perception is lower and traders see a lesser likelihood of a sharp fall in the market.

The main U.S. benchmarks have sold off sharply in December, putting them on course for their worst annual declines since the 2008 financial crisis, after mixed economic data and the Fed's hawkish stance fueled worries of a recession

RBI in July hiked the external commercial borrowing limit to $1.5 billion

The Nifty target for December 2023 is 18,000 points, a full 4 percentage points downside to the current levels, as India is among its top underweight markets in the emerging market space in 2023, the Swiss brokerage UBS Securities India strategist Sunil Tirumalai said in a report on Monday.

Promoter and promoter group entities together hold 76.98% stake in Just Dial

The promoters will offer up to 4% discount from the current market price for the stake in the fast moving consumer goods major

"Balrampur Chini has given a fresh breakout above the falling trend line of the downward sloping channel and can be seen trading higher with rising volumes. Momentum points towards change in a short-term trend which could trigger a fresh round of buying into a stock," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

The promoters will offer up to 4% discount from the current market price for the stake in the fast moving consumer goods major

The Dow Jones Industrial Average rose 0.99 points, or 0.00%, at the open to 32,921.45

Key stock indices Sensex and Nifty closed nearly 1% higher on Monday following heavy buying in banking, oil and FMCG shares after two sessions of losses. Nifty ended with gains of 151 points to settle at 18,420. Broader markets, relatively underperformed the headline indices, with Nifty Midcap 100 logging 0.55% gains."Nifty found support around the lower side of the rising channel, leading to a recovery towards the end of the session. The momentum indicator RSI (14) is in a bullish crossover in the short- term timeframe (hourly). The short-term trend will likely remain bullish until the index sustains above 18,350. On the lower end, support is pegged at 18,350/18,150. Resistance on the higher end, is seen at 18,500/18,700,” Rupak De, Senior Technical Analyst at LKP Securities, said.Here are 4 stock recommendations for Tuesday:

"The proposed changes should ... help remove unintended consequences that have arisen as a result of the bonus cap, namely growth in the proportion of the fixed component of total remuneration, which reduces firms' ability to adjust costs to absorb losses in a downturn," it said.

Shapoorji Pallonji proposes to sell 47,33,515 shares or 2.5% stake, and Daruvala will offer 20,28,649 shares or 1.1% in the company

The funds from the issue, if approved, will enable the company to strengthen its brand and distribution channels, fulfill its additional working capital requirements for expansion of its businesses and enable investments in product design upgradation and system technology upgradation among others.

"Shares of sugar companies rose intraday as news spread that the government might raise the sugar export limit following a January assessment of domestic production. Up till May 31, 2023, the government approved the quota-based export of 60 lakh tonnes of sugar in November," said Mohit Nigam, Fund Manager & Head - PMS, Hem Securities.

The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 per share for an aggregate amount of Rs 85 crore through a tender offer process.

The government launched an offer for sale to offload 5% stake in the ticketing services major on December 15 and 16

The lender's stock has shown signs of a recovery after being driven down sharply over the last two years, although it remains a fraction of its 2018 peak of 404 rupees. It is up about 56% so far this year, last trading at 21.4 rupees.

The benchmark index Sensex rallied about 468 points at 61,806 on Monday. During this surge, six sugar stocks on BSE 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.

“The Final hearing before the Ministry of Corporate Affairs in New Delhi for obtaining sanction on the Scheme of Arrangement for demerger is fixed on Thursday, December 29, 2022, as per the directives of MCA issued during the hearing held on 16th December 2022,” said the filing by the shipping company.

Key stock indices Sensex and Nifty ended Monday’s session on a strong note, closing nearly 1% higher. Nifty gained 151 points and settled at 18,420, while Sensex ended with gains of 468 points following heavy buying in banking, oil and FMCG shares after two sessions of losses. Broader markets, however, underperformed. All sectoral indices, barring Nifty PSU Bank and Nifty IT, ended with gains.Here are the stocks that remained in focus on Monday:

In the short term, NIfty should rally to 18530-18550, then we will take it from there. 18200 is the support for Nifty, a break below this and the Nifty could trade towards 18100. Tread with extreme caution on the market.

Under the gold standard, the intrinsic value of a currency is used to fluctuate in tandem with its face value, causing most economies to operate with almost negligible inflation.

The 30-share Sensex ended 468 points higher at 61,806, while its broader peer, Nifty 50, ended above the 18,400 mark.

Mahindra & Mahindra Group's 5 out of 9 stocks have seen good gains in 2022. However, the overall group’s market cap has remained almost flat as compared to the previous year, as share prices of its tech company Tech Mahindra declined 43% in 2022. The group market cap stood at Rs 3,13,023 crore as on December 16, 2022, as against Rs 3,19,895 as on December 31, 2021. The M&M group has a strong presence in automobiles, IT, financial services, logistics, and real estate.Take a look at the group’s performance in 2022. (Data Source: ACE Equity)

Closing Bell: Sensex snaps 2-day losing streak, jumps 468 points; Nifty tops 18,400; GIC zooms 12%, UTI AMC 11%

For the year, 11 of the 15 index constituents of the BSE auto pack look poised to settle in the green, with gains of up to 65%, with TVS Motors and Tube Investments leading the table. On the other hand, Samvardhana Motherson International (down 53%), UNO Mind (down 13%), Tata Motors (down 13%) and Balkrishna Industries (down 8%) have posted cuts.

European shares edged higher on Monday, boosted by energy firms, after a bruising selloff last week sparked by growing fears of a recession as major central banks promised more interest rate hikes ahead.The region-wide STOXX 600 index was up 0.5% at 0805 GMT.

Nifty Pharma index is amongst the top laggards of 2022. The index is down about 11% in the year 2022, after having two good previous calendar years. In 2020, the index surged up about 60% and was up about 10% in 2021. In 2022, 7 stocks from the index have fallen over 25% so far. However, most of these stocks are poised to see good upsides, according to Trendlyne data.

As per Trendlyne data, the highest target price for TaMo goes up to Rs 575, while the average target price estimate is Rs 495, an upside potential of 18.2% from the current prices. Out of the 29 analysts covering the stock, 21 have strong buy and buy ratings, two have strong sell ratings and the other six have hold ratings.

The report added that internal approvals are in and Tata has received an in-principle nod from the other big investor in the AMC - global investment management firm T Rowe Price Group, which holds around 23% stake.

Despite high volatility in key benchmark indices, banking stocks have continued to attract the attention of Dalal Street bulls. Private and PSU banks combined grew by over 22% in the calendar year 2022. Among banking stocks, the PSU banks have witnessed a spectacular rally in the past couple of months and outperformed private sector banks. However, according to Trendlyne data, as many as three brokers have upgraded four private banks' target prices. Here's a list of 4 bank stocks that earned upgrades:

While volatility is likely to play out in 2023 as well because developed economies like the US and Europe are on the brink of a recession and the fight against inflation is far from over, for experts, India is a buy on dips market.

Even as benchmark indices faced a rough last week, market analysts suggest that traders will have the option to trade on both sides of the market. Based on their recommendations, here are eight stocks that are likely to deliver a strong return in the near term:

“Midcap stocks is the flavour of this quarter, so we have selected the best of the pack. GMR Infra on the quarterly charts has tested the levels of 10 twice (30.09.2013 & 30.12.2016 quarter) & has formed a double bottom pattern,” Sujit Deodhar, Head - Technical Analyst, Wellworth Share & Stock Broking, said.

"We believe that slowdown in growth rates is also baked into stock prices. We expect growth rates of 5-8% in FY2024E, down from 11-16% in FY2023E for Tier 1. A deeper recession has implications on multiples and is not fully priced in," Kotak said.

“We expect strong RoA improvement to 1% by F25, helped by higher PPoP margins/lower credit costs as macro improves further. But at 1.6x F24 P/BV, the stock is pricing this in. Beyond 1% RoA, improvement will be tough and gradual as we see the much higher competitive intensity in this cycle,” Morgan Stanley said.

However, if an OTM put option is bought ahead of any event which suggests that India VIX or volatility index will rise, then an option buyer can make good profit. This is because option premiums rise when VIX rises as it indicates the panic in the market.

While volatility is likely to play out in 2023 as well because developed economies like the US and Europe are on the brink of a recession and the fight against inflation is far from over, for experts, India is a buy on dips market.

Motilal Oswal retained its buy rating on Titan Company with a target price of Rs 2910. Titan remains an attractive investment case in the largecap consumption space in India, with strong earnings growth visibility and compounding ~20% for an elongated period of time.

In the NSE list of stocks, five stocks with a market cap of over Rs 500 crore witnessed Death Crossovers on December 16, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA of these stocks crossed below their 200-day SMA. Take a look:

Stocks in the banking pack are certainly having a Christmas bash as 2022 has turned out as the best year in five for the sector. Banking stocks such as UCO Bank, Punjab & Sind Bank and Karnataka Bank have doubled investors' wealth in the calendar year 2022 so far. Here's a list of 7 banking stocks that doubled investor's wealth in 2022: (Data source: Ace Equity)

In the NSE list of stocks with a market cap of over Rs 1,000 crore, four stocks crossed their previous 5-year high value at the close on December 16, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

Sensex flat, Nifty below 18,300; Bajaj Hindusthan gains 10%, UTI AMC 5%; YES Bank, Avenue Supermarts, Power Grid, Nestle India are some of the active stocks in morning trade.

“Steadily declining inflation in the US and the hope that the Fed will respond to this with a pause in rate hikes in early 2023 are positive indicators for the market. Therefore, market trends are likely to oscillate like the World Cup finals,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Adani Group stocks have given fabulous returns to investors this year with four out of seven stocks of the giant giving multibagger returns going up to 200%. In the last one year, the group's total market cap has also nearly doubled to Rs 18.6 lakh crore in mid-December as compared to Rs 9.6 lakh crore in 2021.

Aurobindo Pharma’s daily trend is bearish. Based on RSI, it is showing weaknesses in monthly, weekly and daily timeframes. Also, looking at the option chain, the current range is between 400 and 500. This is a wide range considering expiry is a few weeks away. Using the PCR ratio, it is at 0.6 and again confirms weaknesses. Let’s plan a trade around that.

We have collated stocks from various experts for traders who have a short-term trading horizon:

Another day, another corrective decline in Nifty, making it difficult to find opportunities for traders or investors. Stock-specific opportunities are the only recourse.

The counter is making higher highs and higher lows. It has created a strong base in a cluster of the 20-and 50-day moving averages, and the RSI is also holding the 50-mark; therefore, we can expect the bullish momentum to continue.