It drew comfort from moderation in headline inflation aided by food prices, but the stubbornly high core inflation - after stripping out the impact of food items and transport fuel - is keeping the Monetary Policy Committee (MPC) wary of declaring victory over price pressures. It estimates inflation to average 5.3% in FY24, above the 4% target. It forecast the economy to expand at 6.4%, a tad lower than what the Economic Survey did.

The inclusions are expected to result in inflows of $148 million in Bank of Baroda and $150 million in CG Power, while the exclusion of Biocon could lead to an outflow of $66 million, said the brokerage.

Shares of Zomato surged 10% after founder and CEO Deepinder Goyal, while congratulating Paytm founder Vijay Shekhar Sharma and the firm on 'becoming profitable' on Twitter on Tuesday, tweeted, "Sorry, a bit late to the party - was so busy working on our profitability ;-)." Zomato is scheduled to announce its third-quarter earnings on Friday.

These sources added that as mandated, the trade information wasn't reflected on the stock exchanges. This allowed the people, in turn, to use such information for 'illicit gains' in the stock market by trading in such scrips either in their own accounts or accounts of their clients, a source explained.

"Being a full-service central bank with financial stability as part of its mandate, the Reserve Bank recognises that climate change can translate into climate-related financial risks for regulated entities (REs) which can have broader financial stability implications," Das said Wednesday.

On Tuesday, the group's total market capitalisation rose by ₹12,190 crore - the first increase since the sell-off in its stocks began on January 25 triggered by the adverse Hindenburg Research report that resulted in its value almost halving.

The French energy giant has stakes in assets such as Adani Total Gas and Adani Green Energy which represent 2.4% of the French firm's capital employed last year. Shares of the companies of the Indian conglomerate have slumped in recent week after Hindenburg Research accused Adani Group of stock manipulation. The company has repeatedly denied the allegations.

Last September, the regulator made corporate governance norms applicable to high value debt listed entities, a listed entity which has listed its non-convertible debt securities and has an outstanding value of listed non-convertible debt securities of ₹500 crore and above.

The new norms will essentially allow entities to borrow and lend government securities by paying or receiving a premium. The central bank will soon issue draft directions separately for stakeholder comments. Dealers said the new norms will make more people eligible to take a short position on government securities

The chemical stock remained under pressure after it breached its 200-DMA on the daily charts back in December 2022. It finally managed to recoup losses and closed above Rs 1000 on February 6, 2023, which led to a breakout

In a bright spot, Microsoft Corp rose 1.5% after the tech giant said it was revamping its Bing search engine and Edge Web browser with artificial intelligence

"Post the recent corrective phase, Tata Chemicals is attempting a pullback move since last couple of weeks. The minor correction after the budget session witnessed buying interest from lower levels and the prices have witnessed increasing volumes in the last three sessions," Ruchit Jain, Lead Research, 5paisa.com, said.

Indian equity indices ended in the green on Wednesday after RBI slowed down rate hike, also in tune with positive global cues. Nifty ended above 17,850, while Sensex topped 60,664 levels. All sectoral indices ended in the green, with the Nifty Metal index notching gains of around 4%.“Indices remained volatile as the RBI governor came up with a rate hike and forward guidance. On a larger scale, we can see that the index has been hovering within a falling channel, with it moving towards the upper band of the said channel. Over the near term, the trend may remain positive, with the potential to reach towards 18,000; again, a decisive breakout above the 18,000 level may induce a rally towards 18,350-18,400. On the lower end, support is visible at 17,650,”said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Thursday:

"The above mentioned entities shall enter into an agreement with a KUA and get themselves registered with UIDAI ( Unique Identification Authority of India) as sub-KUAs. The agreement in this regard shall be as prescribed by UIDAI... The KUAs shall facilitate the on-boarding of these entities as sub-KUAs to provide the services of Aadhaar authentication with respect to KYC," Sebi said in its circular on Wednesday

The capital market regulator introduced corporate governance requirements for listed entities to improve transparency in their functioning and ensure enhanced disclosures to investors

The Dow Jones Industrial Average fell 23.79 points, or 0.07%, at the open to 34,132.90

SBI Chairman Dinesh Khara said the continuing strength in US job data has made monetary policy making into a delicate balancing act for emerging economies and seemed to welcome the slew of announcements on the regulatory front beyond the rate hike

The benchmark index Sensex closed higher by about 378 points to 60,663 on Wednesday. During this rally, 10 stocks from the BSE smallcap index managed to touch 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.

In an eagerly awaited speech on Tuesday, Powell reiterated that disinflation has begun but warned Friday's eye-popping jobs report showed why the battle against inflation will "take quite a bit of time

Uber forecast adjusted EBITDA, a profitability metric that excludes some costs, between $660 million and $700 million for the first quarter, well above the average analyst estimate of $593.06 million, according to Refinitiv data

The new norms will essentially allow entities to borrow and lend government securities by paying or receiving a premium. The central bank will soon issue draft directions separately for stakeholder comments. Dealers said the new norms will make more people eligible to take a short position on government securities

However, despite the highly uncertain global environment, the Nifty stood its ground and protected the important support of 17,200 regions. Domestic brokerage ICICI securities expect the index to undergo range-bound consolidation in the broader range of 18,000 to 17,200

Wall Street's main indexes rallied on Tuesday after Powell said 2023 should be a year of "significant declines in inflation" even as he acknowledged that rates may need to move higher than expected if economic strength threatens the Fed's progress in lowering inflation

If we have to surpass the sturdy wall of 17900–18000, banking heavyweights should contribute convincingly. Above this, the market will come out of the recent congestion zone, and we may see good broad-based participation thereafter

The financial stocks command the highest weight in the FPI portfolio since they serve as a direct proxy of economic recovery and share a high correlation with economic indicators such as credit growth, pre-provision profits of banks, and amount of net performing assets

Revenue from operations on the other hand surged 45% year-on-year (YoY) to Rs 7,764 crore for the quarter under review, mainly due to greater regulatory claims, increased operating capacity, and improved tariff realization.

“Technically, the price of Zomato stock has surpassed the falling channel on the daily scale with a bullish candle, and buying interest is visible at the support zone,” Motilal said. “The momentum indicators have retested the breakout on the daily scale and started a fresh up move,” it added

Tata Consultancy Services Ltd. has secured its largest UK deal in three years with a new agreement with an insurance services provider. London-based Phoenix Group Holdings Plc. has agreed to a contract worth more than £600 million ($723 million) to digitally transform its product offering, TCS said in a statement on Wednesday.

Nifty50 rose 150 points or 0.85% to settle at 17,871

The resultant shares to be bought back at the buyback offer price will not exceed 10,00,000 equity shares, representing 1.43% of the total number of equity shares in the total paid-up equity capital of the company as on March 2022

However, Sirvastava added that the overall impact on the stock market will depend on various other factors such as global economic conditions, geopolitical developments, and the growth prospects of individual companies.

Sensex jumps 378 pts post RBI policy outcome; Nifty above 17,850; Paytm zooms 16%, Zomato 9%; Adani Enterprises, Symphony, Aurobindo Pharma are some of the top gainers in the closing trade.

Since this was the last full budget before the 2024 General Elections, it was expected that the government could announce some income support for the rural sector or implement some measures to boost consumption growth in the economy.

"Even with the share price at 1,531 per share, I still think the company is priced too high, given its fundamentals (cash flows, growth and risk) and before factoring the damage that might have done to the company's reputation and long-term value, by this short selling episode," he wrote in his blog 'Musings on Markets'.

“The stock has witnessed a bullish movement following the retest of the neckline of a rounding bottom pattern. The breakout was observed during the first week of December 2022, signaling the inception of an upward trend. The breakout is confirmed as it is accompanied by higher volumes.

Powell's remarks that 2023 should be a year of "significant declines in inflation" was interpreted as less hawkish than feared, although he acknowledged that Friday's blockbuster U.S. jobs report showed why the battle against inflation will "take quite a bit of time."

Uniqlo store operator Fast Retailing shaved another 36 points from the index with its 1.3% decline, falling from the seven-week high touched in the previous session following a steep three-week rally

While announcing a 25 bps hike at the end of the MPC meeting on Wednesday, RBI Governor Shaktikanta Das displayed a non-committal stance and said he will weigh all incoming data and forecasts to determine appropriate actions and policy stance, going forward

With headline inflation under check, comfortable projections around fiscal and current account deficit, strong FDI, bumper harvest, comfortable forex reserves, stable rupee and a consistent monetary policy, the markets should take this announcement as a positive.

On the electric vehicle front, Hero MotoCorp is establishing ‘Vida’ as a premium and aspirational brand. “We are planning to roll this out across multiple cities in FY24. Our R&D teams are working on accelerated portfolio expansion as well in the EV space,” Gupta said

JM Financial maintained its buy rating on Motherson Sumi Wiring with a target price of Rs 70, which shows an upside potential of 31% from the current market price

According to the latest print on January 27, while credit growth was healthy on a YoY basis, it de-grew marginally on a fortnightly basis, probably hinting at a reluctance to borrow at higher rates.

The company will repay Rs 5,000 crore of debt in FY24 from the targeted net debt level of Rs 4,300 crore by end-FY23. It expects gross debt to increase by Rs 6,500 crore by March 2023, on completion of the Haifa Port acquisition in the quarter

While the defence sector was opened to private players a long time back, the real impact of policy initiatives is getting visible on Dalal Street now. However, on the day of the budget, defence sector stocks tumbled. Rather than anything fundamentally changing for the sector, like it was for insurance companies, the decline was more due to over expectation from the budget than anything else.

The brokerage expects a 13% sequential growth in the topline to Rs 1,871 crore, led by a 4% growth in the food delivery business' gross merchandise value and contribution from Blinkit business.

With an effective provision of capital outlay of Rs 13.7 lakh crore, various brokerages believe that Budget 2023 will make a positive impact on the domestic automobile industry. Also in the Budget, customs duty exemption has been extended on the import of capital goods and machinery required for manufacturing lithium-ion cells for batteries used in EVs, which will further benefit battery stocks like Exide and Amara Raja. Here is a list of 10 auto stocks that can race ahead after Budget 2023:

The MPC decided by a majority of 4 out of 6 members to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.

High dividend yielding stocks are not something which interests most investors. One of the arguments against investing on the basis of dividend yield is that the stock market is about capital gains, hence everyone is looking for capital gains. However, there are many advantages to having high-dividend-yielding stocks in one’s portfolio. Some of which are felt when markets correct sharply, pretty much similar to what we have seen in the last couple of weeks. For the purpose of this report, we had kept the dividend yield of at least 7 percent as a benchmark. The reason for this is that dividend yield should be higher than the interest rate provided by banks on FDs. Another condition was that the company should have a track record of paying dividends, without interruption, for at least four of the last five years.

Adani Ports, which reported a 16% fall in consolidated net profit at Rs 1,315 crore and 17% rise in revenues in the December quarter, was up around 6%. Adani Wilmar was locked in the 5% upper circuit limit at Rs 419.35. Adani Transmission, Adani Power and NDTV rallied between 2-5% each.

The total expenses in the third quarter rose to Rs 17,351 crore from Rs 15,164 crore a year ago, and Rs 16,933 crore a quarter ago. Spectrum usage charges in the quarter increased 4% YoY to Rs 2,842 crore but were down 4% sequentially.