"We also shave off some weight from Maruti (potential headwind to discretionary consumption due to slower wage hikes/IT hiring) to banks," he said, adding that it has brought the materials sector weight to neutral from currently nil in its portfolio.

JM Financial remains positive on Canara Bank and expects it to hit a target of Rs 345-365 in the next 1-2 quarters. “We expect Canara Bank earnings recovery to be driven by a) credit cost normalisation (1.3% by FY24E), b) improvement in margins and c) sustained growth momentum,” said the note.

Risk management in investing is the process of identifying investment risk and determining ways to address that risk. The goal is to keep potential losses within a range that is acceptable based on investors' risk tolerance.

The stock gave a breakout from a 5-month (since July) consolidation range on the weekly charts. The stock faced resistance around Rs 200 levels while strong support was seen near Rs 170 levels.

Sensex slides 600 pts, Nifty below 18,300; Dabur down 3%, NBCC up 3%.

However, they do expect selective stocks within the pack to do well given the positive business growth prospects. Steel companies’ shares rallied in the recent sessions as Chinese steel demand is expected to benefit from the recent stimulus measures announced by the government to aid the real estate sector.

On the back of strong FII inflows, Nifty has outperformed global peers with a gain of around 4% so far in the calendar year. Equity markets have witnessed the return of foreign funds since July 2022. They turned net buyers to the tune of Rs 84,000 crore. Brokerage ICICI Direct believes FPI flows to remain strong due to the continued outperformance of India. Here’s a list of 6 quant picks for 2023 from ICICI Direct:

However, they do expect selective stocks within the pack to do well given the positive business growth prospects. Steel companies’ shares rallied in the recent sessions as Chinese steel demand is expected to benefit from the recent stimulus measures announced by the government to aid the real estate sector.

As widely expected, the BOJ kept unchanged its yield curve control (YCC) targets, set at -0.1% for short-term interest rates and around zero for the 10-year bond yield, at a two-day policy meeting that ended on Tuesday.

On whether he is more bullish on the market now than what he was in the beginning of 2022, the fund manager said his team spends very little time on thinking about the direction of the market.

“Economic data indicates a slowing economy and declining inflation which implies that the Fed is close to pausing on rate hikes. Confirmation of this trend can lead to revival in equity markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said. Economic and market indicators suggest that India’s outperformance can continue in 2023 too, Vijayakumar added.

Opening Bell: Sensex slides 600 pts, Nifty below 18,350; Dabur down 3%, NBCC up 3%.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, eight stocks crossed their previous 5-year high value at the close on December 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

In the previous session, the S&P BSE Sensex rose more than 400 points while the Nifty50 reclaimed 18,400 levels.

After the consolidation of more than 1 month, the stock gave up its strength and started becoming weaker and various breakdowns indications can be seen through multiple indicators and oscillators, making the stock become a sell on the rise candidate.

In the past, it has been observed that the Nifty rallies 20%, on average, after breaching its all-time high. Barring Nov 2010, all breaches have generated positive returns over the next 12 months," said Amar Ambani, Head of Institutional Equities at YES Securities.

Stocks that were in focus include names like General Insurance Corporation which rallied more than 12%, Adani Enterprises which rose over 2% to hit a fresh 52-week high and Bata India which closed with gains of over 1% on Monday.

Iurities’ board will meet to consider and approve various fund-raising options for the company as the board may deem a Jyoti Resins and Adhesives will convene its board meeting to consider and approve the submission of a set of applications for waiver of penalty levied by BSE.

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 Mahanagar Gas and IGL while Kunal Bothra has a buy/sell recommendation on Marico and HCC for today's trading session. Check out the targets and stop-loss.

TATA POWER COMPANY’s daily trend is sideways to bearish. Based on option chain analysis, the range is between 200 and 230. This is a wide range considering expiry is just a few days away. Let’s plan a trade around this.

The Nifty staged a comeback on Monday, redefining the trading zone, though the Banknifty underperformed the markets. Some good stock-specific activities are on offer.

Nifty futures on the Singapore Exchange traded 38.5 points, or 0.21 per cent lower at 18,448.5, signaling that Dalal Street was headed for a negative start on Tuesday. Here are some stocks which may buzz the most in today's trade.

The positive reaction to the reopening is starting to give way to the realisation that it's going to be a lumpy path for China to get there, JP Morgan Asset Management's global market strategist Kerry Craig told Reuters.

The telecom subscriber base in the country declined by 117 crore in October due to Vodafone Idea losing a large number of mobile customers during the month, said Trai's report. Only Reliance Jio and Bharti Airtel added new customers in October.

The lack of big earnings reports or economic data on Monday likely sharpened investors' focus on economic fears and interest rates, according to Melissa Brown, Global Head of Applied Research at Qontigo in New York.

In November, no-frills carrier IndiGo carried more than half (55.7%) of the total domestic traffic at 65.01 lakh passengers, followed by Vistara at 9.3%. The latter carried 10.87 lakh passengers.

The total shareholding of Adani has increased to 37.45% with the closure of the open offer. The open offer was triggered after VCPL acquired a 99.5% stake in RRPR Holding Private Limited (RRPR) which translated to 29.18% of the shareholding in the TV news company

The German wholesaler grew its Indian business by 21% to $982 million during the year ended September, as per its latest annual report. Last month, ET reported that Reliance Industries Ltd had agreed in principle to buy Metro AG's cash-and-carry wholesale India business for ₹4,000-4,500 crore.

Liquidity has generally been trending down with the central bank seeking to reduce excess liquidity from the system to manage inflation. The banking system liquidity surplus has narrowed to around ₹1.5 lakh crore from ₹6.3 lakh crore at the start of the fiscal year. Due to tightening liquidity conditions as banks are forced to hike deposit rates, they will pass on this hit through MCLR loans.

Earlier this month NARCL had matched Gujarat-based NBFC Raj Radhe Finance's ₹130 crore challenge to its ₹100 crore offer to take over the ₹2,623 crore outstanding dues of the company, ET reported in its December 5 edition. It is now learnt that the offer is on a full cash basis.

Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include Ambuja Cements (target ₹660), Bosch (target ₹22,000), Federal Bank (target ₹168), and Sundaram Finance (target ₹2,890) - all translating into returns of 17-23%.

Promoters held a 74.76% stake in the company, and if they accept the discovered price of ₹525 per share, their stake will increase to 91.29%. Once the promoter has acquired control of the 90% of the share capital of a company, they can delist it from the bourses.

Sebi said the current processes administered by MIIs should be modified such that it gets extended to all investor grievances against securities market intermediaries. "This will make the grievance redressal process more simplified, streamlined and efficient for the investors," Sebi said in a discussion paper.

Speaking at the pre-budget roundtable meeting organised by three Indian markets industry associations - Association of National Exchanges Members of India (ANMI), Bombay Stock Exchange Brokers' Forum, and the Commodity Participants Association of India, Chauhan urged the trade bodies to back a proposal for longer trading hours.

Traders who missed the rally can look at buying the stock on dips for a potential target of Rs 465 in the next 4-6 weeks, suggest experts

Some analysts warned that export quota relaxations, reduction in GST rates for ethanol production, and early forecasts of production shortfall were only short-term triggers.

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.