On the domestic equity market front, the 30-share BSE Sensex advanced 142.43 points or 0.23 per cent to end at 60,806.22, while the broader NSE Nifty rose 21.75 points or 0.12 per cent to 17,893.45.

At the end of 2022, the Norwegian fund held shares in Adani Green Energy worth $52.7 million, a stake in Adani Total Gas worth $83.6 million and ownership in Adani Ports & Special Economic Zone worth $63.4 million.

"We remain structurally positive on Indian telecom and Bharti given the consolidation in the sector, which may lead to regular tariff hikes. Maintain buy at SOTP-based PT of Rs 1,009 (Rs 1,039 earlier) as we increase lease debt, but increase India mobile multiple to 8.5x (7.8x earlier)," Prabhudas said.

Other income during the quarter rose marginally at Rs 71 crore as against Rs 69 crore in the previous year period. The company's total income rose 15% year-on-year to Rs 5,716 crore for the December quarter. The same was Rs 4,989 crore in the same quarter of last year

After getting hammered for the past one week, Adani Group stocks made a recovery for the past few days after the promoters soothed investor nerves by prepaying loans worth $1.11 billion. Although, the latest MSCI announcement spoiled the bullish sentiment.

These models, such as GPT-3, are able to analyze vast amounts of data and generate natural language text, making them well-suited for tasks such as market analysis, portfolio management, and even trading.

FM Nirmala Sitharam in her budget speech announced that the credit guarantee scheme for MSMEs will be increased by Rs 9,000 crore, which will provide an additional collateral-free loan of Rs 2 lakh to MSMEs. The government also increased capex outlay to facilitate credit and other new schemes such as the Pradhan Mantri Awas Yojana. After the announcement in Budget 2023, various brokerages believe that these schemes will benefit the banking sector. Here is a list of 8 bank stocks that are in focus after Budget 2023 announcements:

After getting hammered for the past one week, Adani Group stocks made a recovery for the past few days after the promoters soothed investor nerves by prepaying loans worth $1.11 billion. Although, the latest MSCI announcement spoiled the bullish sentiment.

Although the stock trades below both 50 and 200-DMA on the daily charts, high-risk investors can look to buy the stock as it still remains the top buy in the specialty chemical industry space, suggest experts.

The stock price started its upmove from Rs 251 (October 2020) to Rs 1,029 (January 2022), making a series of higher bottoms and higher tops. During the move the stock continuously traded above the averages,” Bharat Gala, President - Technical Research, Ventura Securities.

Shares of PB Fintech, which runs Policybazaar, rose 6% at Rs 510, a day ahead of the release of its December quarter earnings. Zomato, which is scheduled to announce its Q3 numbers later in the day, rallied up to 4.6% to the day's high at Rs 56.75

Google has been on its heels after OpenAI, a startup Microsoft is backing with around $10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts.

Adani, whose fortunes had risen rapidly in recent years, also unexpectedly announced the withdrawal of its Rs 20,000-crore follow-on public offer (FPO), which had been successfully completed the day before. Investor mood was further jolted after the share sale was called off.

Google has been on its heels after OpenAI, a startup Microsoft is backing with around $10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts.

The persistence of the core inflation needs to be broken but without derailing the economic growth, hence the more moderate 25 bps hike that leaves some room to weigh the upcoming data from the last quarter for further action.

​"The officials did not find any irregularities in the operations and dealings conducted by the company. We would like to clarify that the concerns specific to GST payments in cash, citing GST law under Rule 86B, the company is not required to pay a tax liability in cash," a spokesperson of Adani Wilmar said in a statement.

The consensus recommendation from 22 analysts for the stock is a Hold. Out of the 22 analysts covering the stock, 12 have strong buy and buy ratings, five have strong sell and sell ratings, and five have hold ratings.

As more and more people start to put a part of their savings in financial assets, the asset management companies (AMC) have seen their business growing at a secular rate. This is not to say that business has not seen challenging times. There have been times when a large group was not able to pay its debt on time, many AMC’s were left wondering what to do, should they pay from their own pocket or make their unit holder suffer. 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".

Bonds of Adani Ports & Special Economic Zone Ltd., Adani Electricity Mumbai Ltd. and Adani Transmission Ltd. are backed by hard assets and strong cash flows verifiable by third parties, investors said. The latter two operate in regulated industries.

Google has been on its heels after OpenAI, a startup Microsoft is backing with around $10 billion, introduced software in November that has wowed consumers and become a fixation in Silicon Valley circles for its surprisingly accurate and well-written answers to simple prompts.

As volatility increases, the focus in the market is shifting to stocks which are considered as relatively defensive. These stocks tend to fall less in bearish or volatile conditions. These companies have shown an improvement in their score at a time when analysts are revisiting their estimate as local and global issues are hitting stock markets and are witnessing a reset. 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.

Nifty now trades at 18.5x 1-yr forward PE or a 7% premium to 10-year avg. and valuation gap vs China is also now back to the 10-year avg. This makes us more optimistic on the market outlook," it said, adding that the trends were positive in the Budget and Q3 earnings.

Trent recently entered into a joint venture with MAS Group, Sri Lanka. Over time, Trent and MAS would pool their domain expertise to undertake design, development, and manufacturing of a range of intimate wear and other apparel products.

Many long term investors have been busy cherry-picking high quality names among IT stocks after they were hammered on fears related to recession, margin compression and deal wins. Mphasis, Tech Mahindra, Wipro, LTTS and LTIMindtree are still down at least 30% from their 52-week high levels.

Shares of PSU banks have given stellar returns in 2022, with some of them even turning multibaggers. A significant improvement in earnings due to major clean up of balance sheet and strong credit growth has driven the outperformance of stocks.

Axis Capital maintained its buy rating on Piramal Enterprises with a target of Rs 1100. One-off items boosted PAT, and retail disbursements are on track. Retail disbursements are on a strong footing. New book growth is steady, and it looks like PEL is going on through a transformational stage, said the note.

Changes for Adani securities associated with its MSCI Global Investable Market Indexes are due to be announced later on Thursday as part of its regular review for February, it added.

In Adani's 10-stock pack, flagship entity Adani Enterprises was the worst performer as it was locked in a 15% lower circuit limit at Rs 1,834.9. Six other stocks - Adani Ports, Ambuja Cements, Adani Power, Adani Transmission, Adani Total Gas and Adani Green - were trading 5% lower each.

"SRF is our top pick within specialty chemical space given its high capex intensity (aims capex of Rs15000 crore over next 5 years) towards chemical business would drive sustained high double-digit earnings growth over FY24E-25E," Abhijeet Bora, DVP Research Analyst at Sharekhan by BNP Paribhas, said.

The recent massive sell-off in Adani Group companies in the backdrop of the allegations made by US-based short seller Hindenburg Research, had raised questions on whether these stocks will continue to be part of the MSCI global indices.

Opening Bell: Sensex sheds 50 points, Nifty below 17,850; Adani Ports drops 7%, Paytm rises 2%

From the Sensex pack, ITC, M&M, Kotak Bank and Tech Mahindra were the top losers, falling about 0.5-1%. Maruti, UltraTech Cement, Bajaj Finserv, Tata Motors and HCL Tech also opened lower. On the other hand, L&T, Asian Paints, SBI, Power Grid, HDFC Bank and Tata Steel opened higher.

In Adani's 10-stock pack, flagship entity Adani Enterprises was the worst performer as it was locked in a 15% lower circuit limit at Rs 1,834.9. Six other stocks - Adani Ports, Ambuja Cements, Adani Power, Adani Transmission, Adani Total Gas and Adani Green - were trading 5% lower each.

Adani Group of stocks are recovering from a sharp fall and are up about 50-70% from 52 week lows. How will this affect domestic mutual funds' holdings in the group? ET Now's Soumeet Sarkar decode

Its price peaked in December and formed a lower high in January and is now sustaining below the crucial swing low of Rs 7,700. Recently, the price had been consolidating between Rs 7,450-Rs 7,180. Now the price has breached this range on the lower side. Price is now expected to resume its downslide which has started since breaching the swing low.

MSCI will conduct its quarterly rejig today, effective from March, ET Now's Soumeet Sarkar joins in to tell us which stocks may be included and the inflows expected

The markets on Wednesday opened positive and stayed favourable throughout the session, with the Nifty closing the day with a net gain.

The Nifty50 has been trading in a channel and is now moving towards the higher-end resistance placed around 17950-18000 as FIIs remain one big worry, suggest experts. The only worry factor for markets is the selling by FIIs as they had only about 15% of their positions on the long side and 85% on the short side,” Ruchit Jain, Lead Research, 5paisa.com

ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on Mahanagar Gas and RIL, while Kunal Bothra has a buy/sell recommendation on Paytm and AB Capital for today's trading session. Check out the targets and stop loss.

On the chart, it was struggling to stay above the level of Rs 50. A breakout occurred in last session, and it jumped by 10% in one day while also managing to close above the Rs 51 level. It is also trading above the 30-Day EMA at the moment, which is encouraging for the continuation of the uptrend.

“The consortium has spent considerable time and expense to revive the airline,” said the person who requested not to be identified. “Though it (paying former employees’ dues) was not part of the resolution plan, we will stay committed to revive the airline.”

JPMorgan Chase & Co's CEO Jamie Dimon's warning came after Federal Reserve officials said more rate rises are on the cards, although none were ready to suggest that January's hot jobs report could push them back to a more aggressive monetary policy stance. From a peak of nearly 7% in June, the Fed's preferred measure of inflation stood at 5% in December - well above its 2% target but heading steadily downward.

Microsoft rose as much as 3.4% to $276.76 early Wednesday, joining Apple Inc. as the only stocks with market capitalizations above $2 trillion. This is the first time it has exceeded that level since August after rallying 29% from a November low. Apple has a market value of about $2.44 trillion.

Changes for Adani securities associated with its MSCI Global Investable Market Indexes are due to be announced later on Thursday as part of its regular review for February, it added.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a flat start to domestic equities. The contract was trading at 17,494, up 4 points or 0.02% from the previous close.

They have also been concerned about mixed reports from U.S. companies this earnings season. With results in from more than half of the S&P 500 companies, earnings still are expected to have declined year-over-year in the fourth quarter of 2022, according to IBES data from Refinitiv.

Adding to the cautious mood, Federal Reserve officials said more interest rate rises are on the cards as the U.S. central bank moves ahead with efforts to control inflation. None hinted though that January's strong jobs report could drive more aggressive policy actions.

Shree Cement on Wednesday reported a 44% year-on-year (YoY) decline in its consolidated profit after tax to Rs 277 crore for the quarter ended December 31, 2022. The company has also declared an interim dividend of Rs 45 per share.

Foreign portfolio investors (FPIs) have net sold shares worth Rs 736 crore on Monday, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 941 crore.

The message that Das left Wednesday may appear muddled, but a closer look would tell you that he's done with interest rate increases for now, barring dramatic developments.