RIL posted strong Q4FY23 performance with a 7% beat in consolidated EBITDA at Rs 38,440 crore (up 9% QoQ) led by better-than-expected standalone earnings, offsetting marginal miss in retail EBITDA. Meanwhile, Jio's performance was broadly in-line, Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribas said.

The BSE Sensex was trading 167.73 points or 0.28% higher at 59,822.79. Nifty50 was trading at 17,665.90, up 41.85 points or 0.24% at around 9.20 am.

Amid weak global cues, Nifty has declined over 3% so far in the year 2023. Ongoing Q4 results have also increased the nervousness among investors after IT major Infosys and TCS posted weaker-than-expected performances. However, Reliance and ICICI Bank results were in line with analysts' expectations.A host of analysts have shared their technical views on particular stocks for the near term. Here is a list of 5 tech picks from various analysts for short-term gains

Sensex jumps over 150 pts, Nifty above 17,650; ICICI Bank rises 2%; Yes Bank sheds 3%; HDFC Life Insurance, Wipro and Ircon International are some of the top gainers in the morning trade.

We spoke to Manoj Bahety, CFA, Founder at Carnelian Capital Advisors LLP who managed over Rs 1900 cr in AUM in our latest episode of ET Markets PMS Talk where we talked about the returns for FY23 as well as unique forensic framework CLEAR which deep dives into all the aspects of risks. (Data collated from PMSBazaar.com)

The price of this company made a double-top in August and September last year and was subsequently sliding lower. It has been consolidating since January and has now given a falling-trendline breakout. The latest candle formed is a bullish Marubozu, which suggests that the buying moment is gaining strength. A rise in volume is needed in the upcoming days to propel the price higher.

SGX Nifty signals a positive start for Dalal Street. 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 SBI and L&T while Nooresh Merani has a buy/sell recommendation on L&T and SBI for today's trading session. Check out the targets and stoploss.

The stock markets continue to consolidate with the headline index Nifty ending the day on Friday with negligible gains. The volatility index is still dipping, again cautioning investors to look for opportunities in the broader markets, rather than in the index constituents.

Asian shares began slowly on Monday as the week brings economic data, central bank meetings and tech giants' earnings. MSCI's Asia-Pacific shares eased 0.1%, and futures from Nasdaq and S&P 500 edged 0.2% lower in anticipation of earnings announcements this week. BOJ meets at the end of the week, with the first meeting chaired by its new governor, Kazuo Ueda. The yen has steadily weakened against the euro in the past few weeks. The US House of Representatives might vote on a Republican plan to increase the debt ceiling by cutting expenditure in the coming week with weak tax receipts putting government at a risk of default.

InterGlobe Aviation, India's largest airline operator, has been experiencing volatility in its stock prices over the past few months despite better business fundamentals and an advantage in the sector due to a revival in passenger traffic. The decision of one of its promoters, Rakesh Gangwal, to reduce stakes in the airline in the next five years has hindered any significant appreciation in the airline's stock. Analysts suggest that the oversupply of shares due to the stake dilution is obstructing the stock's appreciation, and it would require a constant supply of earnings-enhancing information to trigger interest in the stock.

Shares of IndusInd Bank, Bank of Maharashtra, and Persistent Systems will be in focus as the companies will announce their quarterly results today.

Despite recent market calm, bond traders believe the tranquillity is unlikely to last during May and June as the Fed is expected to increase interest rates. There are also political fears over the government's potential non-resolution of the debt limit until it is close to default. Furthermore, banks are expected to temper their lending projects to reinforce investor confidence. In spite of this nervousness, predictions for the US economy are seen as relatively resilient, with inflation slow to subside from its 2% target and the personal-consumption expenditures index on track to lift moderately.

The company will also announce its fourth quarter and full-year results on April 27. The outcome of the board meeting will be communicated to the stock exchanges soon after the conclusion of the meeting on Thursday April 27. On Friday, Wipro's share prices closed at ₹368, up 1.5%.

HDFC Bank, SBI, Maruti Suzuki, Britannia, Divi’s Lab, PI Industries, Navin Fluorine, Tata Motors, and CSB Bank may show bullishness this week, according to analysts.

The stock which is also part of the S&P BSE Smallcap index rose from Rs 143.90 as on 13 April 2023 to Rs 166.30 recorded on 21 April 2023 – which translates into an upside of about 16% in a week. The stock rose more than 26% in a month. The momentum helped the stock to hit a fresh record high of Rs 168 on 21st April. The neckline of the Double Bottom resistance was placed around 160 levels.

"TVS Motor stock has given a monthly breakout after consolidating in a range and is now trading at its all-time high territory. It has been forming higher highs – higher lows from the last four weeks and base is gradually shifting higher," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

"We are re-launching Sensex and Bankex derivatives with lower lot sizes and a new expiry cycle of Friday from May 15. The launch of Sensex 30 and Bankex derivatives will provide investors an opportunity to trade these popular and well-tracked indices,'' he said. The Sensex and Nifty have a 99.92 per cent correlation, while Bankex and Nifty Bank have a 99.97 per cent correlation, according to historical trading data over the past 11 years.

In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at a meeting scheduled to be held over April 26-27, 2023.

The Bengaluru-based IT major on Sunday announced that it will consider a share buyback proposal on April 27. In a regulatory filing, Wipro said its board of directors will be considering a proposal to buyback equity shares of the company, besides other issues, at its meeting scheduled to be held over April 26-27, 2023.

"As we are keeping our view moderate bearish hence we advise traders to go for short protective future, where the maximum loss for the trade would be |3760. While strategy will be in profit if the expiry comes below 17575 levels, or it move towards 17500 levels before the expiry. "

Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks

An investigation by SFIO had revealed that the company and its group companies had presented financial statements containing false statements of debtors and indulged in the malpractice of round-tripping and layering of transactions resulting in inflated purchases and sales.

Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment.

Domestic equity market remained muted with a gain of only 4% in the last one year due to weak global cues like high inflation, Russia Ukraine crisis, supply chain disruption, interest rate hike, rising crude oil prices and recession fears. However, several firms have seen decent growth in the last one year and have seen their market cap increase by more than Rs 50,000 crore. Here is a list of 6 companies whose market cap rises over Rs 50,000 crore in last 1 year

Indian equities tracking muted global cues ended flat with a positive bias. On a weekly basis, Nifty lost over 1% and managed to hold levels of 17,600. Sectorally, Nifty Media and Nifty FMCG were the outliers in trade on Friday.“The short term trend of Nifty remains weak and there is a possibility of some more weakness in the coming week. A decisive break below 17600-17550 levels could open sharp decline for the market. Immediate resistance is at 17700 levels,” Nagaraj Shetti, Technical Research Analyst, HDFC Securities, said.Here are stock recommendations for Monday:

Given the huge difference in what is value and what looks cheap due to one financial ratio, more often than not, relying on PE may lead to wrong investment decisions. It is better to use PEG ratio when looking for long term investment.

IT major HCL Technologies will trade ex-dividend on Friday with an interim dividend of Rs 18 per share (900% of face value). The company has a market capitalization of Rs 2,84,636 crore. Shares of HCL Technologies rose 1% to Rs 1,049 apiece on BSE in Friday's trade. ABB India will trade ex-dividend on Thursday, April 27, 2023.

Every industry has different operating conditions which have high correlation with the kind of ROE they generate and how sustainable that number is. Of all the stocks, which our algorithms come up with, we took companies from different sectors, healthcare, liquor, auto mobile. The common thread among them is that they all have very strong brands in their respective industries. 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".

With the focus of government policies increasingly turning favourable toward the manufacturing sector, some of the capital goods and engineering companies are making a comeback on the analysts list.

Domestic equity market remained muted with a gain of only 4% in the last one year due to weak global cues like high inflation, Russia Ukraine crisis, supply chain disruption, interest rate hike, rising crude oil prices and recession fears. However, several firms have seen decent growth in the last one year and have seen their market cap increase by more than Rs 50,000 crore. Here is a list of 6 companies whose market cap rises over Rs 50,000 crore in last 1 year

Some companies have announced their Q4 results so far and the rest are yet to announce but a host of brokerages have already downgraded the target price on a number of counters in the last one month. These stocks belong to various sectors such as IT, cement, insurance and moreHere's a list of 9 stocks that earned downgrades in the last one month, according to Trendlyne data:

Indian equities fell last week due to weak global cues and cautious Q1 earnings reports. Despite some positivity in the financial sector, including recent results from ICICI Bank, the reports have been mildly disappointing overall. The IT sector was particularly lacklustre. Vinod Nair of Geojit Financial Services, said FPI inflows remain likely to be stable, with financials expected to receive more interest.

Interest rates and stock prices are closely related. Changes in interest rates may have a significant impact on the economy and financial markets, including the stock market. Interest rates can affect company earnings, the cost of borrowing money, and the demand for stocks

Eight out of the 10 most valuable companies in India lost a combined market value of INR 1,17,493.78 crore last week, with Infosys being the most affected. Reliance Industries, Tata Consultancy Services, HDFC Bank, and ICICI Bank were among the eight companies that suffered a decline in their valuation, while ITC and State Bank of India were the only gainers. Last week, the market valuation of Infosys fell by INR 66,854.05 crore to INR 5,09,215 crore. Despite the decline, Reliance Industries remained the most valued firm in India.

Investors may not be fully protected by the rush for defensive assets, experts have warned. The consequent surge in prices for tech stocks and high-grade corporate bonds could leave them exposed to a potentially painful reversal, according to Frederique Carrier, head of investment strategy at RBC Wealth Management. Investment analysts are advising a different approach that includes low-volatility shares and short credit positions. A Bank of America fund manager survey reflected investor confidence that tech firms with strong balance sheets would weather a recession, the survey also revealed record bullish positioning in investment-grade credit over high yield.

Alternative Investment Funds (AIFs), based on the objective of optimising returns of sophisticated investors, has carved a niche as a distinct asset class. A well diversified portfolio, greater flexibility and low correlation with the stock & bond markets help reduce volatility and provide an attractive alternative investment option to look at. However, due to complex investing strategies, higher fee structure, illiquidity and lack of information; there is still a long way to go for it. Sebi is trying to level the playing field with its latest ruling on AIFs by providing a direct plan option to investors.

Other funds which have a holding in Indiabulls Real Estate include Pacific Horizon Investment Trust Plc and Baillie Gifford Pacific Fund A Sub Fund of Baillie. While Pacific Horizon has a holding of 92,96,800 equity shares or 1.72%, Baillie Gifford holds 29,788,258 shares or 5.50%. Meanwhile, Jupiter India Fund which held 7,674,372 shares or 1.42% stake in the company has exited the company.

he cash segment includes bonds, stocks, and mutual funds, and is suitable for long-term investments. Investors need sufficient funds to buy stocks in cash markets, whereas F&O markets require only margin money. Hedge funds and REITs offer higher returns with more flexibility and stricter regulations, respectively. Commodity, currency, and interest rate derivatives are traded in the F&O market. Futures and options allow investors to buy or sell assets at a set price in the future.

A hard landing in the US has become the base case for many economists, particularly after the recent banking-sector turmoil. However, Morgan Stanley’s global chief economist, Seth Carpenter, believes there are still signs a soft landing can be achieved. Carpenter says that whilst it is hard to avoid the fact that the US economy will slow down, the Federal Reserve has a chance to avoid a recession by assessing whether there is enough evidence that things are slowing down a lot, but not yet crashing.

RIL has reported a consolidated net profit of Rs 19,299 crore ($2.58 billion) in Q4FY2023, up 19% YoY, mainly due to higher other income and lower taxes. However, revenue grew only 2% YoY to Rs 2.16 lakh crore ($28.86 billion), slightly lower than the estimated Rs 2.22 lakh crore ($29.63 billion). Highlighting its potential, the company gave a positive outlook across the oil, gas, retail, and telecom segments.

Navin Fluorine International has seen its shares rise by 9,200% over the past ten years, delivering a Rs 9 lakh ($12,564) return on a Rs 10,000 investment, according to ET Markets. The speciality fluorochemicals manufacturer has also seen sales grow from Rs 486 crore in FY13 to Rs 1,453 crore in FY22. The company is majority-owned by public shareholders at 71%, with promoters holding a 28.81% stake. Technical analysts have suggested the stock will continue its upward momentum, targeting a price of Rs 5,100-5,250 ($71-$73) within a couple of weeks.

Ace investor Rekha Rakesh Jhunjhunwala added 1.94% stake worth INR122 crore ($16.78m) in Sun Pharma Advanced Research Company, a biopharmaceutical company, and 5.23% stake valued at INR53.2 crore in Raghav Productivity Enhancers in the March quarter, according to data from Trendlyne. Jhunjhunwala also increased her stake to 5.29% from 5.17% in Titan Company Limited, with her total holding valued at INR12,057.1 crore.

As the NIFTY continues its upward journey, bias of the underlying volatility has once again tilted toward bulls. During this period, there are still some pockets where stocks have seen an improvement in their analyst scores. Though on Monday, given the pressure which some large cap IT stocks may witness we might see volatility once again changing the color.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.

Stocks with high return on equity and net profit margin, institutional ownership of at least 10%, and minimum upside potential of 10% are considered in the list of 5 midcap stocks. CMS Info Systems, engaged in cash management; Mahindra Lifespace Developers, a real estate development firm; Emami Limited, a fast-moving consumer goods company; and Home First Finance Company India, engaged in lending, are some of the selected companies. Stock Reports Plus, powered by Refinitiv, generates standardized scores for each of the five key components using a quantitative analysis to help investors make informed investment decisions.

The stocks which have given multibagger returns include Apar Industries, Fertilisers And Chemicals Travancore Limited (FACT), Mazagon Dock Shipbuilders Ltd, UCO Bank, Rail Vikas Nigam Limited (RVNL), Finolex Cables Limited, Punjab & Sind Bank and Indian Bank Limited.

Despite a culture of high savings, only 5-6% of Indians invest in equities due to a lack of financial literacy. However, fintech companies and financial institutions have started leveraging user-friendly interfaces, informative content, and investment tools to educate and empower individuals to make informed investment decisions.

After a correction of nearly 10% from all-time highs, Indian broader market indices which were trading at exorbitant premiums have started to trade at reasonable valuations. Additionally, a sharp rally in EM peers coupled with a corresponding surge in earnings has eliminated the premium, prompting FIIs to flock back to India.

Premium pricing in options is based on intrinsic and extrinsic values. Intrinsic value is the market price subtracted from the strike price. Extrinsic value is determined by the Black Scholes model and is higher for at-the-money options, while out-of-the-money options have lower extrinsic value. Intrinsic and extrinsic values are added to determine the premium price of in-the-money options. As options move further out of the money, the extrinsic value decreases, thus lowering the premium price. Finally, the author shares a live market option chain with decoded values.

PSU banks stocks have once again started to move up. In fact in the last one year of volatility and bearish conditions, there has been a clear relative out performance by the banks. Is this rally for good or just another one which will fizzle out. If one goes by what analysts are saying, it will be extremely stock specific. The story has a list of banks with “sell” and “Hold “ advice on some PSU banks while others have a “buy” and “strong buy”.