However, Dangra also pointed at a number of factors to suggest the crisis doesn't seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system's exposure to Adani Group is less than 1%, he said.

Investcorp Private Equity Fund II, a buyout fund managed by IDFC Alternatives PE and Bahrain-based Investcorp Strategic Capital Group, sold 450,000 Safari Industries' shares on BSE at ₹1,861.44 apiece. HDFC Mutual Fund bought a major chunk of the shares. Names of other buyers were not publicly available.

According to exchange data, the company has bought back 60.4 million shares or 1.44% of the total equity capital at an average of ₹1,539 apiece. The average buyback price was 16.6% below the maximum offer price of ₹1,850.

Axis bank stock hit a fresh record high of Rs 970 on January 4, 2023, but failed to hold on to the momentum. The stock closed at Rs 858, which translates into a downside of around 12%.

He added that as more investors get comfortable with India there could be more foreign capital inflows to the country. Some recent events in the country's financial markets will not have a bearing on those.

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

CCI has approved acquisition of certain equity share capital of LT Foods Ltd by SALIC International Investment Corporation, according to an official release.Last year in November, LT Foods said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company (SALIC) through private placement

​According to the release on Tuesday, Adani Group’s gross debt stood at Rs 2.26 lakh crore ($27.3 billion) at the end of September, and that amount is forecast to remain steady through the end of March

The U.S-based firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets

According to bulk deal data available with the BSE, Investcorp Private Equity Fund II sold 4,50,000 shares, amounting to 1.89 per cent stake in the company.The shares were sold at an average price of Rs 1,861.44 per piece, taking the transaction value to Rs 83.76 crore

True North may consider selling some of its stake, according to the report. A deal could also involve issuing new shares, it said. However, deliberations are still at an early stage. Details such as size and structure could change and the insurer could decide not to go ahead with the stake sale, it added

Traders are now betting heavily that the Fed will continue to raise rates, by a quarter of a percent at each of its next two meetings in March and in May, based on pricing in futures contracts tied to the Fed policy rate. That would bring the benchmark rate to where Fed policymakers have since December said it will need to go to be "sufficiently restrictive" to bring down inflation

"After a positive start, Nifty gradually inched higher as the day progressed. Buying aggression is witnessed after crossing the intraday resistance around 17,880 levels. The benchmark index closed above its previous 9 sessions high at 17,929 with a gain of 0.89 % and witnessed a consolidation breakout. Prices have whipsawed its bearish engulfing candlestick pattern and have closed above the same," said Rohan Patil, Technical Analyst, Samco Securities, said

"Within the private banking space, we like Axis Bank for fresh accumulation or adding to the existing positions. It has retraced from its record high i.e. 970 levels and inching closer to the major support zone around 820 levels," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues. Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said. Global sentiments were also supportive on Tuesday. Nifty gained close to 1% and settled at 17,929 points. Sector-wise PSU Banks, Private Bank, FMCG and IT pack were the top gainers, while auto, realty and pharma stocks emerged as losers"After a gap-up opening, the market held positive momentum and also cleared the short-term resistance of 17,900 which is broadly positive. We are of the view that as long as the index is trading above 17800, the reversal formation is likely to continue. Above the same, the index could move up to 18050-18100. On the flip side, the uptrend would be vulnerable below 17,800," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

The Sensex benchmark index ended Tuesday up by approximately 600 points at 61,032. During this rally, five stocks belonging to the BSE 500 index achieved new 52-week highs.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

Ircon is a state-owned specialised construction organization covering the entire spectrum of construction activities and services in the infrastructure sector

Nifty is now at the hurdle of ascending the trend line around 17950-18000 levels. Hence, a decisive upside above 18K is likely to open a quick follow-through upside towards 18250 levels in the near term, chart readers said

US-based short-seller Hindenburg in a January 24 report alleged that the Adani Group pulled "the largest con in corporate history" using offshore tax havens and stock manipulation

According to Dilip Parmar, Research Analyst, HDFC Securities, the Indian rupee underperformed among Asian currencies amid foreign fund outflows from domestic equities

Revenue from the O2C business saw a double-digit 10% YoY growth on account of higher price realisation, while the retail segment's revenue grew 17%

Adani Ports was among the top large-cap stocks bought by mutual funds in January. However, they sold Adani Enterprises, Adani Green Energy, Adani Transmission, and Ambuja Cements, data collated by brokerage ICICIdirect showed.

From the Sensex pack, ITC, Reliance and Bajaj Finance were the top gainers, rising about 2-3%. ICICI Bank, Infosys, Axis Bank, Tech Mahindra, Wipro, M&M and Bharti Airtel also ended with gains

While announcing the quarterly results of his flagship company Adani Enterprises, the industrialist said as a classical incubator with a vision of long-term value creation, the company will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow

Adani Ports was among the top large-cap stocks bought by mutual funds in January. However, they sold Adani Enterprises, Adani Green Energy, Adani Transmission, and Ambuja Cements, data collated by brokerage ICICIdirect showed.

Accuracy Shipping is a transportation and logistics company which offers production, storage, handling, and distribution of freight and cargo. The company has delivered blockbuster returns to investors in the last 5 years, offering over 500% to investors. So far this year, the company's stock is up about 13%.

Its revenue from operations, meanwhile, came in at Rs 3,659.9 crore, higher by 17.7% in the December quarter against Rs 3,109.1 crore in the last year period, whereas, the revenue dropped 0.5% QoQ from Rs 3,661.6 crore in the September quarter

From the Sensex pack, ITC, Reliance and Bajaj Finance were the top gainers, rising about 2-3%. ICICI Bank, Infosys, Axis Bank, Tech Mahindra, Wipro, M&M and Bharti Airtel also ended with gains

Sensex resumes rally after 2-day hiatus, surges 600 points; Nifty above 17,900; ITC jumps 3%, Adani Ent 2%; Oil India, Finolex Cables, Cochin Shipyard are some of the top gainers in closing trade.

On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore

Most of the oscillatory suggest a possible uptrend. Hence, short-term traders can look to buy the stock now or on dips towards Rs 977-1,075, they say. Supertrend indicators also triggered a buy in October on the weekly charts.

Transparent taxation, simplified documentation, and inclusive finance were the three pillars of the budgetary reforms. To further these efforts, the finance minister will take a consultative approach towards framing regulations. Here is a glimpse of some of the crucial proposals for individuals:

National Fertilizer posted revenue from operations of Rs 10,137.34 crore in the quarter ended December 2022 as against Rs 5,091.71 crore during the quarter ended December 2021, representing a gain of 99%.The company recorded total expenses of Rs 9,384.06 crore in Q3FY23 compared to Rs 5,080.9 crore in the year-ago quarter. The EPS of National Fertilizer reached Rs 11.29 in Q3FY23 as compared to Rs -(0.47) in the same quarter last year

This disjunction of the India-US growth differential and the narrowing India-US real interest rate differential will accentuate as the US Fed rate increases towards the guided 5% mark and 1.6% in real terms. This will necessitate adequate readjustments by the RBI as well.

Adani Enterprises Ltd reported a consolidated net profit of Rs 820 crore for the quarter ended December, against a net loss of Rs 11.63 crore a year ago. Revenue from operations rose nearly 42% on year to Rs 26,612.23 crore.

M&M’s tractor division growth outpaced the industry at ~15% year-year (YoY) in 3QFY23. Its market share improved sequentially to ~41% in 3QFY23, compared with ~40.1% in 2QFY23. Nomura expects M&M’s tractor division’s growth to be higher than the overall industry, as it factors in a higher market share.

Thanks to much stronger than expected U.S. jobs data earlier this month, Fed policymakers, including Fed chair Jerome Powell, have reiterated a higher-for-longer mantra that market traders have been fighting for months.

The Japanese government nominated academic Kazuo Ueda as the next Bank of Japan head as had been reported in the media, limiting the effect on markets.The Nikkei ended up 0.64% at 27,602.77. It had rallied to as high as 27,721.82 early in the session, which had put it in striking distance of last week's two-month high at 27,821.22.

Another multibagger stock, Pradeep Metals, which has nearly doubled investors' wealth in the past one year has declared an interim dividend of Re 1 for the current fiscal and will trade ex-dividend tomorrow for the same. In the last one year, the company had a dividend yield of 0.82%.

The market watchdog had on January 25 said 9 out of 10 retail traders in the equity F&O suffered losses to the tune of Rs 1.1 lakh in FY22. It also said there has been a significant increase of over 500 per cent in the number of individual traders in the equity F&O segment in FY22 compared to FY19.

The firm produced 0.81 million tonnes of crude oil in October-December, up from 0.75 million tonnes a year back. Gas output also increased from 0.79 billion cubic metres to 0.8 bcm. It sold 1.41 million tonnes of oil and oil equivalent gas in the quarter as opposed to sales of 1.35 million tonnes a year back.

Capital good companies had faced tough times for many years. Given the fact that hardly any capacity buildup was taking place in any industry, a number had to change their product portfolio and had to live with very low margins. As the underlying macro changes for them, some of the capital goods and engineering companies are making a comeback on the analyst list.

Out of the 10 Adani stocks listed on stock exchanges, only Adani Ports was trading marginally higher and all other nine stocks were blinking red.

NIFTY has been volatile since the last quarter of 2021, so volatility should not be something which traders and investors should not worry about but learn to live with. In the last one month, sometimes large caps have faced selling pressure by foreign investors and are more volatile than midcaps and vice versa. A score improvement coming in a volatile earnings season along with the fact that valuations are still very high on an over basis is something worth looking into. Right from a company which is beneficiary of laying of pipeline for ensuring that tap water reaches every home to an electrical goods maker which is attempting to make a comeback. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

While the government has set a goal in Budget 2023 to reduce the fiscal deficit to 4.5% of GDP by FY26 and amid worries about a global recession and a wave of FPI selling that may affect market sentiments in the near future, let's find out what a beginner should do when making investment decisions in the stock market.

As the market witnesses volatile movement there are few large cap stocks which are still finding favor with analysts. After the recent correction, even a global non ferrous metal major has come on the list as the upside potential in them comes close to algorithm fixed minimum target price. 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.

Life Insurance Corporation (LIC) of India shareholding by value in the NSE-listed companies went up to 3.95% and the holdings stood at Rs 10.91 lakh crore as on December 2022. Reliance Industries, four bank stocks, are among 10 companies that saw the highest increase in LIC’s holdings in value terms in the last one quarter. (Source: PRIMEdatabase)

Full business normalization is still a few quarters away. The global investment bank slashed FY23-25E EPS estimates by 7% to factor in a relatively slower topline growth and management commentary on the call.

Given the recent volatility in the stock, we again bake in a higher cost of capital assumption, which yields a target price of Rs 195 (Rs 251 earlier); maintain ‘BUY’. At CMP, Nykaa is trading at FY25E EV/sales of 5x. The confluence of both growth and profitability would be critical for valuations to improve. Besides, the gross margin miss, an aberration as per management, must reverse else as any structural impact could negate benefits in marketing and fulfilment.