On Tuesday, benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends.

The dividend will amount to Rs 7,621 crore. The board has approved the fifth interim dividend of Rs 20.50 per equity share i.e., 2050% on the face value of Re 1 per share for the financial year 2022‐23, amounting to Rs 7,621 crore," the company said in a filing.

The company will reportedly announce the details of the successor in due course

Nifty indices, including Nifty 50 ETF, Nifty Bank, and Nifty Next50, are due to undergo their semi-annual rebalance on March 29. According to Nuvama Institutional Research, RIL, Infosys, ICICI Bank, and HDFC Bank are the stocks expected to see the biggest outflows. Meanwhile, Page Industries, Canara Bank, SBI, Axis Bank, and Coal India are predicted to see maximum net inflows. The changes could lead to some weight reduction in non-F&O members such as Adani Total Gas, Adani Transmission, Adani Green, DMart, Bajaj Holdings and Investments, Nykaa, LIC, P&G, and Zomato.

India VIX was down 2.20% from 15.44 to 15.10 levels. Volatility is expected to be high tomorrow due to the expiry of weekly and monthly derivatives.

​​"The Exchange has sought clarification from Adani Enterprises Limited with respect to a recent news item captioned The Adani Group wants you to believe it has repaid all its loans against promoters. The response from the company is awaited," NSE said.

Adani Green Energy will be moved to the respective higher stage of the long-term additional surveillance measure framework by leading bourses NSE and BSE from March 28. Similar moves were carried out by both exchanges last week, whereby Adani Total Gas and Adani Transmission moved from the second stage of the long-term ASM framework to Stage-I. All 10 listed firms of the Adani group fell in the negative territory on Monday following revelations that many of the group firms hit their lower circuit limits. The Adani group stocks' situation has been made worse since short-seller Hindenburg Research published a report making various allegations against the group.

The 30-share BSE benchmark Sensex declined 40 points or 0.07% to settle at 57,613. The broader NSE Nifty dropped 34 points or 0.20% to end at 16,952.

Closing Bell: Sensex ends flat, Nifty holds above 16,950; Adani Ent, Adani Ports crack up to 7%.

A new IPO is hitting the market next week. Avalon Technologies which is an electronic manufacturing company is launching its 865 crore rupees IPO on April 3. The company has 12 manufacturing units across US and India and key clients include Kyosan India, Collins Aerospace among others. Let's take a look at the details

"The record date of April 21 fixed for the purpose of final dividend for the year 2022 shall also determine the entitlement of the members to an interim dividend for the year 2023 that may be declared by the Board of Directors on 12 April 2023," the company said.

As the impact of removal of tax benefits on gold bonds and gold ETFs has to still play itself out, it could depend upon various factors such as investor sentiment, market conditions, and the demand for gold as an investment asset, he further said.

Out of Zerodha's 12 million strong customer base, 2.5 million are F&O users and 1.5 million are active F&O traders who punch orders at least once a month.

The reason for the sharp fall in the stock couldn’t be ascertained at the time of filing this report. However, the private sector lender has been struggling with rising bad loans at a time when most of its peers, including the public sector ones, have shown sharp improvement in asset quality.

It contracted by more than a fifth from the peak of $686 billion seen at the beginning of 2022 amid diminishing index returns and rising redemption pressure. In comparison, India’s total market capitalization slipped to $3 trillion, the lowest since July 2022, a drop of 13% from the peak.

Moreover, you cannot use FD to earn better returns when interest rates fall. “FD rates move in tandem with the interest rate environment in the country. Investors benefit from debt funds even when the interest rates go south--bond prices start rising when they fall. As a result, debt funds' performance improves,” Navlani explained.

As we come closer to elections, both in states in 2023 and the general election of 2024. The government spending on infrastructure projects, which has remained at elevated levels for many years, may see a further push as many state governments rush to complete and announce more of them. This will have a trickle down effect on many parts of the economy and specially companies in contracting and construction. 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".

As per Trendlyne data, the average target price of the stock is Rs 402, an upside potential of 43% from the current market prices. The consensus recommendation from 12 analysts for PNC Infratech is Buy. Out of these analysts, 11 have strong buy ratings, while one has a buy call.

The dividend consideration comes amid concerns around the ability of Vedanta Resources, the parent of Vedanta, to meet debt maturities in the coming quarters.

The project is for a six-laning of 16-kilometre access-controlled Greenfield highway from Audireddipalle to Mallapalle, Bengaluru-Vijayawada Economic Corridor on HAM mode under the Bharatmala Pariyojana Phase-I in Andhra Pradesh, the company said in a filing.

The selloff in Adani stocks resumed after a report published by The Ken raised questions on whether the Ahmedabad-based conglomerate has actually repaid debt totaling $2.15 billion. "Despite the Adani Group's claim of “complete” repayment of $2.15 billion in share-backed debt, regulatory filings show that banks have not released a significant portion of the promoters' shares held as collateral, indicating that the debt has not been fully paid off," the report said.

The exchange also shifted the expiry day for monthly, weekly, and long-dated futures and options contracts to Friday from Thursday. If the expiry day falls on a trading holiday, the expiry day will be the previous trading day.

The deadline for linkage of PAN-Aadhar is March 31. According to a Central Board of Direct Taxes (CBDT) circular, the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 2023 and would be liable to all the consequences 1961, for not furnishing, intimating or quoting the PAN.

In an already bearish market, there is no dearth of events which are helping bears to further tighten their grip on the markets. However there are few large cap stocks which are finding favor with analysts. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

One97 Communications which owns a 49% stake in Paytm Payments Bank (PPBL) said in a stock exchange filing on Monday that the payments bank will have a beneficial impact in the form of meaningfully lower interchange fees paid to PPBL for Paytm wallet since this is now based on the lower standardized interchange.

"Bank stocks lifted the market today, but investors sold shares that had outperformed in previous sessions, which limited overall gains," said Shoichi Arisawa, general manager of the investment research department at IwaiCosmo Securities.

On the face of it, to many it might appear that the stock market has gotten into correction recently. However, the fact is that a large part of the stock market has been in bearish territory since November 2021. A look at market breadth will show that the number of mid caps which have shed weight is far more than stocks which have gained weight. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23 as per the sources quoted by news agency PTI. If this interest rate is finalised by the Central Board of Trustees (CBT), then there is hike in interest rate by 0.05%. The EPFO board is meeting for two days to decide the interest rate on EPF account.

Hindustan Aeronautics Limited (HAL) stock is off its 52-week high of Rs 2,914 and may test this level again riding on current momentum. The stock is expected to gain up to Rs 674 per share, returning nearly 26% returns on the current market price. A host of technical and fundamental triggers could lead the uptick.

“On the weekly chart, the stock has given a breakout from a symmetrical triangle which is a bullish continuation sign. Stock is sailing above short to long term moving average across all the time frame, it echoes positive tone in short to long term time frame,” added Shah.

"Stock Exchanges and Depositories are advised to make necessary amendments to the relevant bye-laws, rules and regulations, operational instructions, as the case may be, for the implementation of the above circular," the circular further said.

So far in 2023, Nifty has declined nearly 7% amid unfavourable global cues and relentless FIIs selling. However, a host of brokerage firms have initiated coverage on several stocks. They see a strong potential in these companies, with a targeted upside of up to 56%. These stocks belong to various industries such as information technology, consumer electronics and garments & apparel. Here is a list of six stocks on which brokerages initiated coverage:

The selloff in Adani stocks resumed after a report published by The Ken raised questions on whether the Ahmedabad-based conglomerate has actually repaid debt totaling $2.15 billion. "Despite the Adani Group's claim of “complete” repayment of $2.15 billion in share-backed debt, regulatory filings show that banks have not released a significant portion of the promoters' shares held as collateral, indicating that the debt has not been fully paid off," the report said.

Brokerage firms Morgan Stanley maintained an Equal-Weight rating on Paytm, Jefferies initiated a buy call on Ambuja Cements, UBS maintained its buy stance on Indian Hotels, and JM Financial maintained a buy rating on PI Industries.

Tata Consultancy Services (TCS) is poised for widespread reorganisation of its top leadership, including the positions of chief technology officer as well as chief operating officer, with top two executives set to retire over the period of the next one year, people aware of the matter said.

"The stock has seen strong buying at 565 level and made a high of Rs 743 on 10 March 2023. At present it is consolidating its previous gains. On the daily chart the momentum indicator viz RSI is trading flat, however the stock is showing higher Relative strength. Hence one can hold at CMP = Rs 630 with a stop loss of Rs 560 for target of Rs 740-780 levels in a couple of weeks," said Mileen Vasudeo, Senior Technical Analyst, Arihant Capital Markets.

Sensex gains 150 points, Nifty above 17,000; Paytm up 2%, Adani Green drops 4%; Trident, PNC Infratech, Dilip Buildcon are some of the top gainers in morning trade.

From the Sensex pack, HCL Tech, Reliance, Tata Steel, Maruti and M&M were the top gainers, rising 0.5-1%. Wipro, TCS, ICICI Bank and ITC also opened with gains. Whereas, Bharti Airtel, Sun Pharma, Tata Motors, Asian Paints and Tech Mahindra saw some selling.

Considering the turmoil in global markets, gold remains an attractive asset at this point. “We feel that it would be prudent to start with a higher exposure to debt and gold in 2023 and move towards equities in a calibrated manner through superior stock selection. Till there is clarity on the global macroeconomic front, it would be advisable to avoid high beta stocks and stick to cash rich and secular stories to generate superior risk-adjusted returns,” Stoxbox’s Chowdhury said.

On the monthly Options front, the maximum Call OI is placed at 18000 and then towards 17000 strikes while the maximum Put OI is placed at 17000 and then towards 16500 strikes.

The stock price of this company had breached a multi-month support offering trendline. Now the same trendline is acting as a resistance and restricting prices from rising further. The price has also formed a bearish engulfing candlestick pattern, which suggests that the price is now expected to slide below Rs 200 and test its previous low again.

The markets on Monday moved in a range, showing recovery at some time, though the Nifty gave up most of its gains towards the end, closing with marginal gain. Meanwhile, the tradionnally defensive sectors have started showing some improvement.

The Adani group stocks have taken a beating after a report by US-based short-seller Hindenburg Research was published in January this year. The report had alleged fraudulent transactions and share-price manipulation against the group companies. The Group later came out with clarifications rejecting charges leveled against it as lies, saying it complies with all laws and disclosure requirements.

Nifty futures on the Singapore Exchange traded 53 points, or 0.31 per cent, higher at 17,066, signaling that Dalal Street was headed for positive start on Tuesday. Here are some stocks which are expected to see some action in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Cipla and Shree Cement while Nooresh Merani has a buy/sell recommendation on Godrej Consumer and Axis Bank for today's trading session. Check out the targets and stoploss.

The stock price of this company had breached a multi-month support offering trendline. Now the same trendline is acting as a resistance and restricting prices from rising further. The price has also formed a bearish engulfing candlestick pattern, which suggests that the price is now expected to slide below Rs 200 and test its previous low again.

Stocks that were in focus include names like Tata Power which fell more than 3%, Cyient which hit a fresh 52-week high and Trident which closed with a loss of more than 6% on Monday.

On the other hand, oil prices rose more than $3 on Monday as a halt to some exports from Iraq's Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand.

Buffett, 92, has longed to make another large acquisition for his Omaha, Nebraska-based conglomerate, whose dozens of businesses include Geico car insurance and the BNSF railroad.

The S&P 500 ended slightly higher on Monday as a deal for Silicon Valley Bank's assets helped to boost bank shares, while a decline in technology-related stocks limited the day's gains.