Macquarie has an outperform rating on ABB India, with a target price of Rs 3750. Growth across several segments and double-digit EBIT margins in most segments were seen in the March quarter. Jefferies retained a hold rating on Havells India with a target price of Rs 1335, citing that most positives appear priced-in at the current PE. JPMorgan has an overweight rating on Cholamandalam Investment & Finance with a target price of Rs 1020 as the company recorded a margin improvement and maintained system-leading growth. Emkay maintained its hold rating on Titan Company with a target of Rs 2620, post March quarter results.

Foreign institutional investors (FIIs) have been steadily increasing their stakes in over 110 Indian stocks for the past four quarters. ACE Equity data shows that the top 10 of these investments have delivered returns of up to 300% in the past year. One of the most successful investments for FIIs in India is in Axita Cotton, which has rewarded the investors' conviction with a 305% return in the last 12 months. However, not all FII picks have been successful in the near term. As of writing, analysts expect the worst of FII outflow to be over.

Titan reported higher-than-estimated Q4FY23 earnings with a standalone net profit of INR 734 crores, up 50% YoY, and a 33% YoY surge in revenue to INR 9,704 crores. The future outlook for the company remains mixed, with Phillip Capital maintaining a 'Buy' citing the company's long-term drivers remaining intact, whereas Emkay prefers to remain conservative and hold due to weak macros. Prabhudas Lilladher has maintained a 'Buy' recommendation for Titan as strong revenue print continues across all key business segments despite disappointment in margins.

From the Sensex pack, Tata Steel, L&T, Bajaj Finance, Nestle, NTPC, TCS and Tata Motors opened with gains, while HCL Tech, Tech Mahindra, Power Grid, and ICICI Bank opened with cuts. Shares of ABB India rose over 4% after its Q4 earnings. GR Infraprojects gained over 3% as it emerged as the lowest bidder for road transport tender worth Rs 737 crore.

Sensex flat, Nifty holds above 18,000; Bajaj Consumer rallies 8%, Havells sheds 2%; Rail Vikas Nigam, Vodafone Idea, Ircon International are some of the top gainers in the morning trade.

The US monetary policy committee, seeking to achieve inflation at the rate of 2 per cent in the long run, hiked key interest rate by another 25 basis points to 5.0-5.25 per cent at its latest two-day review meet held during May 2-3.

"Mrs. Bectors Foods Specialities is one of the leading companies in the premium and mid-premium biscuits segment and the premium bakery segment in North India. Consistent double-digit earnings growth will act as a key trigger for a valuation uptick in the years to come. The stock is trading at 31.5x/24.7x its FY2024E/25E earnings and we have a target of Rs. 740," Kruttika Mishra, Research Analyst, Sharekhan by BNP Paribas, said.

The Indian equity indices, Nifty 50 and S&P BSE Sensex, opened flat on Thursday. The former rose by 0.07% to settle at 18,102, while the latter surged by 0.07% to reach 61,237 in the morning. However, on Wednesday, S&P BSE Sensex dropped over 100 points while Nifty50 held on to the 18,000 levels. According to Chandan Taparia, an analyst-derivatives at Motilal Oswal Financial Services, the Nifty50 needs to hold above 18,081 zones to witness an uptrend. Several experts have also made recommendations for short-term traders.

HDFC is predicted to report a 4% YoY growth in net profit for Q4 due to provisions, while Dabur's revenues are expected to increase by 5%. Meanwhile, Tata Power could post a 13% YoY growth in revenue and a 50% rise in net profit, while TVS Motor's earnings are set to benefit from a favourable mix. Finally, Hero MotoCorp may report an 11% YoY growth in revenue and a 120 bps QoQ improvement in EBITDA margins. Adani Enterprises' profit and revenue figures are not available as they announce their Q4 results amid ongoing investigations.

Nifty futures on the Singapore Exchange traded 78.5 points, or 0.43 per cent, lower at 18,082, signaling that Dalal Street was headed for negative start on Thursday. 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 IOC and Himadri Chemical while Nooresh Merani has a buy/sell recommendation on Tata Motors and NTPC for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, six stocks' prices crossed above their 200 DMAs (Daily Moving Averages) on May 3, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:

The Indian markets closed in the negative zone on Wednesday in line with weak international cues. The S&P BSE Sensex ended the day down by more than 100 points, while Nifty50 maintained the level of 18,000 points. The telecom, IT, oil & gas, and energy sectors saw selling, while FMCG, realty, and consumer durable shares witnessed buying. Apar Industries and BHEL both closed out with more than 4% gains, and Interglobe Aviation was up by more than 6%.

U.S. stock indexes turned negative on Wednesday after Federal Reserve Chair Jerome Powell's remarks on the future of interest rate hikes were uncertain. The Fed's latest statement raised interest rates by a quarter of a point and hinted at the possibility of pausing future hikes. However, Powell said the bank still considered inflation too high. The S&P 500 sectors all fell, with energy and finance declining the most. The KBW regional banking index fell by 0.9%, furthering this week's losses. The Dow Jones lost 270.29 points, the S&P 500 dropped 28.83 points, and the Nasdaq reduced by 55.18 points.

PacWest Bancorp reported financial difficulties, reminding investors of the precarious health of US regional banks. Although the Fed raised interest rates, stock markets suffered and the yen rose as investors factored in a likely pivot rather than an end to rate rises. The Fed's rate increase and potential further moves are being influenced by a range of factors, including the impact of the Silicon Valley Bank and Signature Bank collapse, the resolution of a political standoff over the US debt ceiling and inflation. Investors lack confidence over the economic outlook and fears are spreading across the wider banking system.

Titan has posted a standalone net profit of Rs 734 crore for the quarter ended March, up 49% over previous year period. Revenue from operations surged 33% to Rs 9,704 crore.

The restructuring will avoid lenders suffering a significant write-down as the loans and debt facilities are currently classified as standard accounts. The lenders have previously refrained from providing new loans, partly due to Go First's losses and difficulties with bankrupt airlines, Jet Airways and Kingfisher Airlines.

The practice makes "it tough for the average investor to understand what the aggregate ESG score stands for" the RBI said in its Report on Currency and Finance 2022-23.

"Near-term growth to remain low," said Morgan Stanley in a client note. However, the US Brokerage firm remains positive on the medium-term prospects and believes the profitability should improve with the group's synergies and expansion plans.

Hindenburg accused Carl Icahn's investment firm of over-valuing its holdings and relying on a "Ponzi-like" structure to pay dividends. Icahn called the report "self-serving."

In its petition, Sankalp has cited illegality in the process, alleging that the consortium was given a "back door entry" after the initial challenge round in which they had bid individually.

Kalyani family entities own 34% of Hikal, while the Hiremaths own 35% of the company. Kalyani is the brother of Sugandha Hiremath. The Hiremaths are claiming that the 'family arrangement' includes the transfer of Kalyanis' 34% stake in Hikal to them. Currently, Hikal is run by the Hiremath family.

IndiGo enjoys more than 55% market share, retaining its number one position. The airline is expected to gain further foothold in the Indian aviation sector. Unlisted Air India and Vistara, both Tata Group airlines stand at second and third spot with a market share of 8.9% and 8.7%, respectively.

The report titled 'Towards Cleaner Greener India' said that besides carbon taxes and and ETS standards for carbon emission rates and energy efficiency prescribed as part of regulatory policies including feebates or rebates for technologies that emit higher or lower than average emissions could also help in reducing the overall CO2 emission in an economy.

"If there is persistent market dysfunction and if market participants face serious stress in funding, maybe the RBI will come out with a 3-day or a shorter-term repo. They will be available in that situation," a source said.

The price of this company made a peak at Rs 170.60 in March and retested the level twice, but has not been able to surpass it on a closing basis. The recent attempt has ended up becoming a bearish-engulfing candlestick, which suggests that the weakness is seeping in the price. The increase in volume in the previous candle is a sign of exhaustion.

The markets on Wednesday saw some correction, with the Nifty opening in the negative and ending the day in the negative, with one-third of a percent loss. The volatility index saw a decline of about half a percent, after rising 9 percent on the previous day.

SAIL, a part of the iron & steel industry, is expected to breakout from its falling trendline resistance on the daily charts. The breakout could enable the stock to move towards Rs 90 levels, experts have suggested. Short-term traders may buy the stock in the range of Rs 84-85 for potential targets above Rs 90 in 3-4 weeks, they added.

But the accompanying policy statement dropped language saying that its rate-setting Federal Open Market Committee still "anticipates that some additional policy firming may be appropriate in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to 2% over time."

"SAIL price is on the verge of a breakout from its resistance, volumes have started increasing gradually and the RSI oscillator has given a bullish crossover indicating positive momentum," Ruchit Jain, Lead Research, 5paisa.com, said.

Shares of Rail Vikas Nigam (RVNL) zoomed 26% in the last three days on BSE after the railway firm bagged multiple orders and also received the 'Navratna' status. RVNL shares have zoomed over 70% in last one month. How 'Navratna’ status is going to help the firm, CMD Pradeep Gaur explains. Watch.

Shares of the company fell 20% to a six-month low of $196 in early trade after Estee cited a slower-than-expected recovery in Asia travel retail and major market China for the latest round of cut to its annual forecasts.

The Dow Jones Industrial Average rose 42.11 points, or 0.13%, at the open to 33,726.64

In view of this, Sebi said that issuers having outstanding listed non-convertible securities as on August 31 will have to obtain and report the LEI code in the centralised database of corporate bonds by September 1, according to a circular.

Alchemy Investment Management has moved its offshore fund to the International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City). An affiliate of Alchemy Capital Management, it is one of the first fund management firms to take advantage of the regime which was granted by the International Financial Services Centres Authority, Government of India.

The benchmark Sensex dropped 160 points on Wednesday, reaching the level of 61,193. Despite the decline, six stocks belonging to the BSE PSU index hit new 52-week highs. This is a significant technical indicator for some traders and investors, as it helps evaluate a stock's current value and predict its future price movements. The 52-week high represents the highest price at which a stock has traded during the previous year.

For the third consecutive time, the US Federal Reserve is expected to raise interest rates by a quarter-point later today as inflation is still far from its targeted level, even though it has cooled off from the highs. The 25-basis-point hike will take the Fed’s target range to 5.00-5.25%. ET NOW's Hersh Sayta brings us all the details. Watch.

Present minor weakness or consolidation movement could end up with the formation of another higher bottom at the lows. Hence, the present weakness with range movement could be a buy-on-dips opportunity, said Nagaraj Shetti, Technical Research Analyst, HDFC Securitie

Indian markets recorded a broad recovery in April with all sectoral indices except for IT ending on a positive note, with significant recoveries in realty, PSU banks and auto stocks whilst IT underperformed. In contrast, Axis Securities' top picks' basket returned 3.6%, and the brokerage anticipates that the earnings season will influence the market direction with fourth-quarter results taking particular precedence. For the IT sector, any growth is likely to be very moderate due to disappointing earnings, a poor outlook and cautiousness in the global market. The current set-up is a "buy on dips" scenario, according to Axis Securities.

Midcap funds invest in companies with market capitalization between 101-250, which have the potential to become large companies in the future. ETMarkets has listed the top five midcap funds based on trailing returns. HDFC Mid-Cap Opportunities Direct Plan-Growth, Motilal Oswal Midcap Fund Direct-Growth, Edelweiss Mid-Cap Direct Plan-Growth, Nippon India Growth Fund Direct-Growth, and Quant Mid Cap Fund Direct-Growth have given positive returns in the last one year, although most midcap stocks have underperformed due to market volatility and foreign investor risk aversion. These funds suit aggressive investors with a long-term investment horizon.

Indian equities ended Wednesday’s trade on a negative note amid nervousness around the crucial Fed outcome due to be released later today. Nifty ended below 18,100 levels, while broader markets defying the overall trend ended in the green.“Nifty remained mostly range bound, following a timid start as the investors awaited Fed rate decision. On the daily chart, a small red-bodied candle has formed. The sentiment remains positive as the index has sustained above 18000. Over the short term, the index is likely to remain in the 18000-18200 range. A decisive move above 18200 may take the index towards 18500,” Rupak De, Senior Technical Analyst at LKP Securities, said.Here are stock recommendations for Thursday:

It stated that the company has redeemed early FCCBs worth USD 35,931,200 due in 2032.

During the recent Economic Times Awards, a panel discussed the dependency on the US dollar as a global reserve currency and its possible ramifications. Despite the lack of alternatives, USD's dominance gives the US far-reaching powers, which can cripple a nation's economy with the implementation of sanctions.

Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve's interest rate decision and mixed global market trends. Also, the fall in index majors Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro added to the weak trend in equities. The 30-share BSE Sensex declined 161.41 points or 0.26 per cent to settle at 61,193.30. During the day, it tumbled 330.27 points or 0.53 per cent to 61,024.44. The broader NSE Nifty fell 57.80 points or 0.32 per cent to end at 18,089.85.

The average retail investor ticket size in mutual funds dropped by 3% to INR68,321 in March from the previous year, according to data from the Association of Mutual Funds in India. Conversely, institutional investors had the highest ticket size in that period, with INR10.11 crore ($1.34m) average per account. The average holding period of equity assets is higher, while equity-oriented funds averaged INR1.54 lakh, compared with INR14.53 lakh for debt-oriented schemes. However, the number of investors in the industry has increased steadily each year since December 2014, reaching 14.57 crore at the end of March.

The 30-share BSE benchmark Sensex declined 161 points or 0.26% to settle at 61,193. The broader NSE Nifty dropped 58 points or 0.32% to end at 18,090.

EMA is a weighted moving average that gives more weight to the recent price data since it is more relevant than older data. Since 2011, there have been seven instances when the two conditions were in place.

The Securities and Exchange Board of India (SEBI) recently moved an application in the top court seeking six more months for ascertaining possible violations related to misrepresentation of financials, circumvention of regulations and/or fraudulent nature of transactions, and completing the exercise.

The big shark portfolios are closely monitored by investors. Ace investor Mukul Agarwal’s portfolio was picked for this portfolio analysis by ET Market. According to the latest data from the March quarter, he has publicly disclosed holdings in approximately 60 stocks with a total worth of around Rs 2900 crore. The data shows that over half of the companies in the portfolio have performed well in 2023. Notably, nine stocks from the list have recorded gains ranging from 30% to 70% (Data Source: ACE Equity). Take a look: