Gains from Bharti Airtel, L&T and Tata Steel were offset by Reliance, ICICI Bank and TCS.

Sensex flat, Nifty tests 17,750; Adani Ent up 5%, Delhivery sheds 2%; Yes Bank, Tata Steel, NCC, PNB are some of the top movers in morning trade.

The markets on Wednesday showed they could hold their heads above water despite adverse news. The US Fed’s hawkish statement moved the dollar index up and stocks and commodities down. But the Nifty ended up with some gains.

Out of 10 Adani stocks, 5 of them - Adani Green, Adani Wilmar, Adani Total Gas, Adani Transmission and Adani Power - were trading at a 5% higher circuit limit today.

BSE mid and smallcap indices declined over 2% year-to-date amid weak global cues and persistent selling by FIIs. However, domestic brokerage firm Motilal Oswal is bullish on BFSI, Auto, and Leisure & Hospitality stocks. Motilal's top picks include Ashok Leyland, Bharat Dalmia, Jubilant FoodWorks and Poonawalla Fincorp. Here is a list of 8 top preferred mid & smallcap stocks from Motilal Oswal:

The stock hit its 52-week high of Rs 995.50 on the intraday basis on Wednesday and ended flat at Rs 986 on the NSE.Considered as a dominant player in the CGD (city gas distribution) space in and around Mumbai, the stock of MGL has returned more than 37% over a 12-month period, outperforming the Nifty50 by approximately 28%

Nifty futures on the Singapore Exchange traded 5 points, or 0.03 per cent, higher at 17,805, signaling that Dalal Street was headed for a muted start on Thursday. Here are some stocks which are expected to see some action in trade today.

Considering India's nominal FY23 GDP at Rs 273 trillion, India’s total market cap to GDP is now trading at 92%. "At FY24 projected nominal GDP levels, Mcap/GDP ratio translated into 84% (fairly valued). As per the Union Budget 2023-24, the FY24 GDP assumption is pegged at Rs 301 trillion," Axis Securities said

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 GNFC and AB Capital while Nooresh Merani has a buy/sell recommendation on L&T Finance Holdings and Tata Power for today's trading session. Check out the targets and stoploss.

Job openings remain elevated, private payrolls beat consensus estimates and demand for home loans increased despite the ongoing upward trajectory of mortgage rates

Stocks had fallen more than 1% on Tuesday after Powell's comments led investors to dramatically increase bets on a 50-basis-point hike in March compared with the previous widely held expectation for a 25-basis-point hike before Powell spoke

The entities belonging to the late Gautam Kulkarni family and part of the promoter group of Kirloskar Oil Engines Ltd have offloaded nearly 18% stake in the company for Rs 825 crore through block deals.

Those emergency measures (LTRO/TLTRO) taken during the Covid-19 pandemic were aimed at ensuring adequate liquidity in the financial system that faced major shocks due to business disruptions and strict mobility curbs imposed to prevent the spread of the virus

The market regulator said illustrations provided in the advertisements/ presentations/ brochures/ pamphlets would lead investors to believe that they will receive fixed returns on their investments.

Unlike regular private equity (PE) and venture capital (VC) funds which have fixed lives, a PCV can last in perpetuity, and its best examples are famous investment houses like Berkshire Hathaway and Fairfax.

Shri Gang Industries, with revenue of ₹113 crore and profit of ₹7 crore in the trailing 12 months, has gained 1,911% since April 1. The stock surged nearly 8,800% from ₹2.71 to ₹242.55 between April and September last year and has declined 74% since then.

"The RBI in the February MPC meeting expectedly raised the repo rate by 25 basis points, while higher inflation print in January CPI poses risk of another hike if inflationary expectations do not ease," said Anand Dama, analyst with brokerage Emkay Global. "With the threat of El Nino on the rise, food inflation could be a spoil-sport and, thus, add to the risk."

Instead, Federal Reserve Chair Jerome Powell's testimony on Tuesday is fueling expectations of a bigger hike this month, with traders pricing in peak rates of 5.6% from less than 5% at the end of last year. Treasury traders are doubling down on recession expectations, the dollar has rebounded while equity markets from the S&P 500 Index to the MSCI Asia Pacific gauge are giving up gains.

Powell told lawmakers the Fed is likely to lift interest rates higher and potentially more quickly than previously anticipated with inflation persisting, an unexpectedly aggressive posture following last month's step down in the pace of hikes.

He offered his own anecdotal evidence, saying he knows equity fund managers that have stocked their portfolios with between 25% and 50% of short-term bonds from blue-chip companies.

The stock witnessed some resistance above Rs 120 levels in February on the daily charts. It rose to a high of Rs 123 on February 16, 2023, but failed to hold on to the momentum. It closed at Rs 115 on March 6, which translates into a fall of about 7%

In Adani Green Energy, 1,56,65,500 shares or 0.99% more stake has been pledged. With this, a total 2% stake is pledged with SBI Trustee. In Adani Transmission, 85,26,000 shares or 0.76% stake has been pledged. With this, a total 1.32% stake is pledged with the trustee

At 9:38 a.m. ET, the Dow Jones Industrial Average was down 7.11 points, or 0.02%, at 32,849.35, the S&P 500 was down 1.51 points, or 0.04%, at 3,984.86, and the Nasdaq Composite was up 5.46 points, or 0.05%, at 11,535.80.

Those emergency measures (LTRO/TLTRO) taken during the Covid-19 pandemic were aimed at ensuring adequate liquidity in the financial system that faced major shocks due to business disruptions and strict mobility curbs imposed to prevent the spread of the virus

The latest issue will SBI diversify and raise long term capital with call option of more than 10 years, helping the bank in managing its capital adequacy effectively

Powell's comments over Tuesday and Wednesday have indicated the Fed may have to raise rates higher and keep them there for longer in light of strong activity data and persistently high inflation levels.

Consequently, Jyotsna Kulkarni and her family members had said they would cease to be shareholders and promoters in the Kirloskar group companies

Just a day before, NSE had moved Adani Enterprises out of the surveillance after being under scrutiny for a month.

Who is Masayoshi Son? SoftBank Founder grabs the spotlight with his recent India visit. Which are the Indian companies he has invested in? Vinnii Motiwala is here with the details of his investment and his views on the India story.

Four stocks belonging to the BSE consumer discretionary index hit new 52-week highs as benchmark index Sensex rose by around 124 points to reach 60,348 on Wednesday.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.

Just a day before, NSE had moved Adani Enterprises out of the surveillance after being under scrutiny for a month.

The Dow Jones Industrial Average rose 15.62 points, or 0.05%, at the open to 32,872.08.

Consumer goods imports rose $4.1 billion, lifted by increases in cellphones and other household goods as well as pharmaceutical preparations, toys, games and sporting goods. Capital goods imports increased $1.4 billion, reflecting rises in electric apparatus and telecommunications equipment

Bonus shares are fully paid additional units issued by a company to its existing shareholders. When a firm issues bonus shares, its shareholders do not have to incur any extra costs to get them. The number of bonus shares you receive depends on the number of shares of the firm you already hold

Defying weak global sentiments on concerns of a steeper interest rate hike, Indian indices ended in the green on Wednesday. In a volatile session, broader markets outperformed. Among sectoral indices, auto pack emerged as the top gainer.“The market could make an attempt to retest the key resistance again around 17,800 levels in the short term. Such repeated testing of the hurdle could eventually result in decisive upside breakout of the same in the near term. Immediate support is at 17,600 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are stock recommendations for Thursday

The second interim dividend will be paid to those shareholders whose names appear as beneficial owners at the end of business on 21 March as per the beneficial owners position to be downloaded by NSDL and CDSL in respect of the shares held in the electronic form and as members in the registrar of members of the company,the company said

The Central Board of Direct Taxes (CBDT) issued a circular in March 2022, whereby the PAN allotted to a person would become inoperative if it is not linked with Aadhaar by March 31, 2023, and would be liable to all the consequences under the Income-tax Act, 1961, for not furnishing, intimating or quoting the PAN.

Defying weak global sentiments on concerns of a steeper interest rate hike, Indian indices ended in the green on Wednesday. In a volatile session, broader markets outperformed. Among sectoral indices, auto pack emerged as the top gainer.“The market could make an attempt to retest the key resistance again around 17,800 levels in the short term. Such repeated testing of the hurdle could eventually result in decisive upside breakout of the same in the near term. Immediate support is at 17,600 levels,” said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.Here are stock recommendations for Thursday

Sebi asked companies as well as appointed brokers to ensure compliance with the provisions. The stock exchange will monitor their compliance and in case of any instance of such non-compliance will impose appropriate fines or other enforcement actions as deem fit

The empire led by billionaire Gautam Adani has since pre-paid about $2 billion of share-backed loans, made bond repayments on time and won another $1.9 billion investment from star investor Rajiv Jain of GQG Partners.

Chart readers said 17,800-17,850 is a key zone to watch out for as it coincides with a 61.8% retracement level and 89-EMA. However, considering the broad-based buying and fag-end surge we expect the benchmark to surpass this level and head towards 18,000 in the coming sessions

"This is to inform you that a meeting of the Board of Directors of the company is scheduled to be held on Monday 13 March to, inter-alia, consider the recommendation for payment of Interim Dividend for FY 2022-23," the company said in a filing.

The 30-share BSE benchmark Sensex rose 124 points or 0.21% to settle at 60,348. The broader NSE Nifty surged 43 points or 0.24% to end at 17,754.

On Wednesday, the stock is trading flat at Rs 1,129.40 apiece on NSE. So far this year, the scrip has lost about 8% on a year-to-date basis. In the past 12 months, SBI Life Insurance declared an equity dividend amounting to Rs 2 per share, which results in a dividend yield of 0.18%

Sensex recoups losses, ends 139 pts higher; Nifty tops 17,700; Reliance Power surges 10%, PB Fintech sheds 4%; KRBL, Balrampur Chini, Nupur Recyclers are some of the top gainers in closing trade.

The drop in the share of tax haven countries was offset by the rising share of highly regulated nations such as the USA, UK, Norway and Japan. The share of USA domiciled funds rose to a record high of 42% in February compared with 38.8% a year ago and 35% five years ago.

A stock split is usually done to increase the stock's liquidity in the market. On the ex-split date, investors holding the stock, until the record date, will receive the new shares in Demat accounts, and the price will be adjusted according to the split ratio

The index posted its steepest one-day fall in nearly two weeks on Tuesday after Powell, at a hearing before the Senate Banking Committee, said the central bank might need to raise interest rates more than expected and was prepared to move in larger steps to temper inflation

That sent U.S. long-term yields higher, but also the dollar against the yen. The Japanese currency dipped to a nearly three-month low at 137.90 to the greenback, boosting the value of overseas revenue at automakers and other multinationals.

While the world around us is shedding stereotypes and eliminating negative ideas and perceptions to bring more gender equity, women continue to face challenges. More needs to be done to empower women and girls in our society. That will propel them to play a meaningful role in India’s economic success. Financial literacy will help them break the barriers and focus on their personal success.