Technical analyst Nilesh Jain remains bullish on stocks of state-run banks, and picks State Bank of India (SBI) and Bank of Baroda (BOB) as his top bets. Jain is Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking.

The profit includes an exceptional gain of Rs 359 crore, with respect to a JV with Bel SA for the cheese business and the consequent sale of a 49% equity stake in its subsidiary and a fair valuation of the residual stake of 51%

A bullish flag pattern is formed with strong uptrends and is considered a continuation pattern. The neckline of the pattern was placed above Rs 3,200 levels. The stock closed at Rs 3,312 on 1 March 2023.

In the last month of the volatile phase with a bearish bias, market breadth has been the biggest casualty. Even in such times during this period, some stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

The consensus recommendation from 27 analysts for the stock is a buy. Out of the 27 analysts covering the stock, 19 have strong buy and buy ratings, while three have strong sell and sell ratings, and the other five have hold ratings.

The company’s price peaked in September 2022 and has been consolidating since October 2022, between Rs 800 and Rs 960. Within the range, the price has formed a higher low and given a trendline breakout. In the process, it has crossed its swing high. The breakout in price is supported by the rise in volume, which increases the reliability of the breakout.

Morgan Stanley maintained an overweight rating on SBI with a target price of Rs 715. The global investment bank believes that the share price will rise relative to the industry over the next 60 days.

Given the strong outlook for the lender, analysts expect good demand for the shares. After the bailout of the bank in 2020, YES Bank’s earnings have improved significantly, particularly on the asset quality front. The Rs 9,000 crore fund infusion by the PE firms has further bolstered the capital.

The consensus recommendation from 17 analysts for the stock is a Buy. Out of the 17 analysts covering the stock, fourteen have strong buy and buy ratings, while only one has a sell rating, and the other two have hold ratings.

From the Sensex pack, HCL Tech, Infosys and TCS were the top gainers, rising 1-2%. Titan, Reliance, Sun Pharma, Wipro and Axis Bank also opened with gains. Meanwhile, only Tata Steel opened with the cuts.

India VIX moved down by 6.09% from 12.97 to 12.18 levels on Friday. Volatility has been cooling off from the last seven sessions and paved the way for bulls at support zones. On the weekly options front, the maximum Call OI is placed at 18000 and then towards 17900 strikes while the maximum Put OI is placed at 17500 and then towards 17400 strikes.

Despite the gravity-defying rally in the last few years, value investors have stayed away from Adani stocks citing expensive valuations. "Classic PE is not the correct yardstick to value Adani stocks," Jain said, adding that the recent events made the investment opportunity attractive.

Jain described the airport, port and energy assets owned by Adani companies as “fantastic,” “irreplaceable” and available at a good price. His team had been following Adani companies closely for five years, but the valuations were in "no man's territory" and now the stock rout made the investment opportunity attractive.

From the Sensex pack, HCL Tech, Infosys and TCS were the top gainers, rising 1-2%. Titan, Reliance, Sun Pharma, Wipro and Axis Bank also opened with gains. Meanwhile, only Tata Steel opened with the cuts.

Sensex surges over 450 points; Nifty reclaims 17,700; Adani stocks rally up to 8%, Nykaa down 2%; GAIL, Bank of Maharashtra, PNB are some of the top movers in morning trade.

Investors are anxious about most of this. Forward implied volatility is back in the low 30s for the consumer-price-index day and nearing 40 for Fed rate-decision day later, meaning traders are betting on some big swings, data compiled by Citigroup show. However, a forward implied volatility reading of 26 on jobs data day indicates the market is underpricing that risk, according to Stuart Kaiser, Citigroup’s head of US equity trading strategy.

My book is about the Fed’s evolution in the 21st Century, and how it’s become vastly more powerful and vastly more transparent simultaneously. And I think the reason that’s important is because the Federal Reserve matters, not just to markets, but also to democracy.

The overall structure of the counter is lucrative, as it is trading above all its important averages. The momentum indicator MACD (moving average convergence divergence) is sustaining the current strength, and the RSI (relative strength index) is also poised positively.

Nifty futures on the Singapore Exchange traded 64 points, or 0.36 per cent, higher at 17,696, signaling that Dalal Street was headed for a positive start on Monday. Here are some stocks which are expected to see some action in trade today.

The volatility in equity markets is likely to continue in the holiday-shortened week as investors weigh comments around Fed policy and take cues from global trends. If you are looking for short term trading ideas to ride out uncertainty in the markets, here are four technical picks from analysts.

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 PB Fintech and Cipla while Nooresh Merani has a buy/sell recommendation on United Spirits and Tata Power for today's trading session. Check out the targets and stoploss.

Shares of Mazagon Dock Shipbuilders, a public sector defence company, have surged about 187% since the last Holi. Other notable names, where investors have enjoyed bumper returns include, Ujjivan Financial Services (145%), Varun Beverages (115%), Kirloskar Ferrous Industries (101%), among others.

Industry revenue has roughly tripled from the $36 billion in 2018, according to the report. Gross margins from independent trading houses far outstripped others in the sector. For the first time, the consultancy’s analysis split out hedge fund numbers into their own section, having merged them with others beforehand.

Investors are anxious about most of this. Forward implied volatility is back in the low 30s for the consumer-price-index day and nearing 40 for Fed rate-decision day later, meaning traders are betting on some big swings, data compiled by Citigroup show. However, a forward implied volatility reading of 26 on jobs data day indicates the market is underpricing that risk, according to Stuart Kaiser, Citigroup’s head of US equity trading strategy.

My book is about the Fed’s evolution in the 21st Century, and how it’s become vastly more powerful and vastly more transparent simultaneously. And I think the reason that’s important is because the Federal Reserve matters, not just to markets, but also to democracy.

In some of the world’s most vulnerable developing nations, the situations on the ground are dire. Shortages of dollars are crimping access to everything from raw materials to medicine. Meanwhile governments are struggling with their debts as they chase rescue packages from the International Monetary Fund.

S&P 500 futures dipped 0.1% and Nasdaq futures 0.2%, after rallying on Friday as bond yields eased back a little. Yields on 10-year Treasuries stood at 3.970%, after last week's spike to 4.09% proved tempting enough to attract buyers. Markets have become resigned to more rate rises from the Federal Reserve but are hoping it will stick with quarter-point moves rather than switch back to half-point hikes.

Investors will also keep a close track on the IIP data scheduled to be released on March 10 and the performance of global markets especially in the US.

Shareholders of Dish TV India rejected appointments of four candidates as non-executive independent directors on the company board, reducing the strength to just directors.

The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.

"It is very likely that we will raise interest rates by 50 basis points," Lagarde told El Correo when asked what would happen later this month. "This was a decision that was indicated at our last monetary policy meeting and all the numbers we have been seeing in recent days are confirming that this interest rate hike is very, very likely."

​The Nifty supported a falling trend line extension near 17,300. After that, we witnessed a rally towards 17,600. For the time being, any fall towards 17,300 or lower levels can be used as buying opportunity. On the upside, 17,800 might be the initial hurdle, but 18,200 would be the trend decider after that. Only a move above that would confirm a bottom at the recent low.

The National Company Law Tribunal admitted the company under the corporate insolvency resolution process (CIRP) in May 2022 on a petition by chemicals maker SRF after it defaulted on dues of ₹15 crore.

About 80% of the foreign portfolio investor (FPI) inflows into Indian equities in February 2023 went into capital goods, services, information technology, and healthcare.

The gross purchase of domestic funds amounted to ₹1.01 lakh crore and the gross buy-to-sell ratio - a measure of underlying investment momentum - stood at 1.14, compared with a long-term average of 1.07, showed data from the Securities and Exchange Board of India.

"It's clear there is more work to do," Daly said in a speech Saturday at Princeton University in New Jersey. "In order to put this episode of high inflation behind us, further policy tightening, maintained for a longer time, will likely be necessary."

Besides senior professionals figuring in the high net worth individual (HNI) investor club, several Bollywood actors, cricketers, as well as high-level government functionaries put a slice of their wealth with PMS firms.

After the recent correction in the stock, the valuations are more compelling compared to peers, suggest experts. Long-term investors can deploy money at current levels for a target closer to Rs 1200-1240, they said.

"Tech Mahindra stock price has formed a huge base formation between 980 and 1000 levels. Recently, the stock absorbed the selling pressure of the supply line at 1080, which means the stock is getting ready for the trending upmove from current levels," Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

Rajiv Jain of GQG Partners, in an exclusive interview with ET Now, says cheap valuations, mid-teens growth expectation, earnings predictability, less risk, and no meaningful substance in the short seller reports led him to buy a stake in four out of the 10 listed Adani Group companies.

In a way, it reflects the grim reality of the K-shaped recovery India is facing now. As the theory goes, whenever people are tight on money, they don’t replace their underwear. Signals from underwear can only be ignored at one’s peril

Indian shares logged weekly gains on Friday after US boutique investment firm GQG Partners' $1.87 billion investment in Adani stocks spurred a broad-based rally and helped markets look past rate-hike worries for the moment. The Nifty50 index rose 1.57% to 17,594.35, while the S&P BSE Sensex closed 1.53% higher at 59,808.97. Both benchmarks posted their best day since November 11. Adani Enterprises, Adani Ports, SBI, Bharti Airtel, and SBI Life were the top Nifty gainers, while laggards from the pack included Tech Mahindra, UltraTech, Cipla, and Asian Paints.“On the daily charts, we can observe that the Nifty is in a pullback mode and currently retraced 38.2% of the fall from 18,134 to 17,255. We believe that there is more steam left to this pullback rally, and hence it can extend higher till 17,700, where resistance in the form of the 50% Fibonacci retracement level (17695) and the 20-day moving average (17703) is placed. Considering the sharp upmove in today’s trading session, consolidation cannot be ruled out. Overall, we expect the Nifty to trade in the range of 17700 – 17200 from a short-term perspective,” Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas, said.Here are stock recommendations for Monday

Rajiv Jain of GQG Partners, in an exclusive interview with ET Now, says cheap valuations, mid-teens growth expectation, earnings predictability, less risk, and no meaningful substance in the short seller reports led him to buy a stake in four out of the 10 listed Adani Group companies.

On 24th February 2023, the United States Commerce Department released the inflation data, which reported the Personal Consumption Expenditure (PCE) for Jan 2023 rising to 5.4% from the year earlier, which stood higher than expectations.

LIC's total equity investment value in Adani Group is Rs 30,127 crore, less than 1% of its total book value as per the disclosures made to the exchanges. The investments were at once on the edge of a notional loss following a steep correction in share prices of Adani group companies.

Hotels and airlines are the ones which see a busy season normally in the third quarter. Both holiday travel and leisure travel are at their peak during this period. However if one goes by how airline fares have shot up even for summer months of 2023 and hotel rates which have gone up, thanks to G-20 meeting and related events, both sectors could throw a surprise.

- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session. BFSI was the major driver of the move while the pharma and technology space remained laggard. At the same time, broader markets have outperformed

Equity markets were volatile last week as investors weighed comments around Fed policy and the interest rate trajectory. Despite the volatility, 10 BSE 500 stocks have surged up to 13% to retest their fresh 52-week highs, according to data sourced from Ace Equity.

Every industry has different operating conditions which have high correlation with the kind of ROE companies in the industry generate. The bigger question is how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from three sectors, defence, Indian FMCG and software services. 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".

In direct plans, investors bear a lower expense ratio as they entail no distribution/ placement fee. However, it should be noted that investing via direct plans makes sense when you have adequate knowledge and capability to select and invest in funds suited to your needs. Hence, the co-existence of both regular and direct plans works out well