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.

Bankers said strong balance sheets in some sectors, sharp volatility in the stock market, high valuations, and consistent selling by foreign portfolio investors (FPIs) through most of 2022 have kept companies away from raising funds through QIPs.

The PSU banking stock rallied from Rs 24 recorded on 9 November to Rs 33 as of 9 December, which translates into an upside of 37%. It hit a fresh 52-week high of Rs 34.50 on 9 December 2022.

“Central bank has been in a 2-year consolidation and has now come out of the range move. The volumes have been above average since last few weeks suggesting strong accumulation in the name,” Gaurav Bissa, VP, InCred Equities, said.

“Domestic indices pared their early gains despite strength in global peers. Weak November Mutual Fund inflow data and downbeat outlook by IT giant HCL Tech led to some profit booking in the market,” Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said.

Which is the best investment for retail investors? An investment that high-return-low-risk combination perhaps? An investment vehicle that offers sky-high returns as quickly as possible without the risk of losing principal money period!

Equity benchmark indices ended Friday’s session lower after weak November mutual fund data prompted profit-booking. Nifty ended below 18,500, while Bank Nifty ended with minor gains. Broader markets also performed relatively better, with Nifty Midcap 100 dropping by 0.4%.“Nifty failed to surpass the crucial resistance of 18730 and plunged more than 250 points from the early morning high of 18664. From the day’s low, Nifty recovered more than 100 points towards the end. At close, Nifty was down 0.6% or 113 points at 18496. IT stocks tumbled post caution sounded by HCL Tech management,” Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, said.Here are 4 stock recommendations for Monday:

The valuation of Reliance Industries tumbled by Rs 76,821.01 crore to reach Rs 17,65,173.47 crore.Tata Consultancy Services' market capitalisation (mcap) declined by Rs 53,641.69 to Rs 12,04,797.55 crore.The valuation of Infosys eroded by Rs 29,330.33 crore to Rs 6,60,184.76 crore and that of Bharti Airtel fell by Rs 7,705.08 crore to Rs 4,64,529.84 crore.

Going forward, in the near term, FPIs are likely to make only modest purchases in performing sectors and may continue to sell and book profits in sectors where they are sitting on big profits, VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.More money is likely to move into cheaper markets like China and South Korea where the valuations are compelling now, he noted.

"The Bank Nifty index after a breakout is not able to surpass the hurdle of 44,000 on the upside. The index lower-end support is at 43000 and if breached, will lead to aggressive selling on the downside towards 42,000-41,400 levels."

In the last 2 years, we have seen major reforms like pledge - re-pledge to make sure that the security given for margin remains in client accounts, upfront margin requirements for all trades, Peak margin system to avoid over leverage, and segregation of client funds and securities.

The Nifty took some breather and closed a tad below 18500 levels losing 1% during the week. Despite gains of more than 0.5% from banking space, Technology stocks turned spoiler as NSEIT index declined by more than 6% last week

A high return on equity is a result of two factors. First, the basic nature of the business. Second, how efficiently the management is able to use that to its advantage. 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".

Low PEG ratio is a better indicator than many other ratios. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.

India is forecasted to grow by 6% in FY24, compared to 6.8% and 8.7% in FY23 and FY22. Foreign investors will have the option to deploy and shift funds from one country to another, while possibilities for a domestic investor will be limited.However, there are options to invest in foreign stocks and based funds through direct schemes, which is not the debate of the article.

The company's board is scheduled to meet on December 13 to consider a share buyback proposal. "The management believes that given the company's prevailing liquidity/ financial position, a buyback may be beneficial for our shareholders," it had stated in an exchange filing on Thursday.

On Friday, the Nifty50 ended below the crucial support level of 18500 points at 18497 points with 0.6% losses. Even though BSE Sensex managed to close above the 62000 mark, the index shed 0.6% and settled at 62182.

This is what happens when you have a financial goal in dollar terms but save and invest in INR terms since the inflation differential between India and developed countries have led to INR depreciation by 4% CAGR over the last decade.

Households in the world's biggest economy have been contending with red-hot prices, with conditions worsened by surging food and energy costs after Russia's invasion of Ukraine.

On Friday, the Nifty50 ended below the crucial support level of 18500 points at 18497 points with 0.6% losses. Even though BSE Sensex managed to close above the 62000 mark, the index shed 0.6% and settled at 62182.