Overnight, the S&P 500 scraped a 0.1% gain. Bank of America's first-quarter profit beat forecasts, and shares rose, following strong results at rivals that seem to have soothed market concerns about the sector's stability.

Stocks that were in focus include names like Indian Bank which was up more than 3%, JBM Auto which rose more than 6% and Glenmark Pharma which closed with gains of over 3%. All stocks hit fresh 52-week highs on Tuesday.

"What we are seeing here is the calm before the storm as far as earnings go," said Brad McMillan, chief investment officer of Commonwealth Financial Network. "The market is just trying to see, do we have some upside here or not, and I think it is really going to come down to earnings over the next couple of weeks."

For the fourth quarter, Tata Coffee's consolidated total income was higher at Rs 736 crore, compared to Rs 663 crore in the corresponding quarter of the previous year, an increase of 11%

Bankers are reluctant to take any MSME through the process anticipating a deep haircut while promoters of MSMEs do not want to risk losing their company to a third party. The government, meanwhile, is considering a similar process for larger companies as delays in cases are seen as potentially diminishing the appeal of the Insolvency and Bankruptcy Code (IBC).

The shareholders of McDowell including Porinju Veliyath's Equity Intelligence and US investment firms Acacia Partners, and the financial creditor are locked in a legal battle over control of the company. The appeal in the Supreme Court was filed by 15.51% of shareholders.

Following a nudge from the finance ministry last fortnight, most government-owned banks identified companies they would prefer to sell to National Asset Reconstruction Company (NARCL), the people cited above said. NARCL will identify about 20-25 accounts from the list for acquisition this fiscal year.

"The biggest thing in ITC is that there are no near-term headwinds for the company," said Amnish Aggarwal, the head of research at Prabhudas Lilladher.

More than 6.8 million shares exchanged hands on the BSE and NSE compared with the combined average daily volume of 500,000 shares over the last month. Among the BSE 500 stocks, Tata Chemicals was the biggest loser on Tuesday.

The Sensex ended at 59,727, down 183.74 points, or 0.31%, from Monday's close. The Nifty fell 46.70 points, or 0.26%, to end at 17,660. However, broader markets outperformed frontline stocks for the second day in a row, with mid- and small-cap indices ending up 0.5% and 0.2%, respectively.

The two-wheeler stock hit a fresh record high of Rs 1,177 on October 19, 2022, but had failed to hold on to the momentum. It finally broke out from the range on weekly charts earlier in April, which suggests bulls are ready to take control

On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.

“TVS Motor has been among the top-performing counter within the auto space for the last several years. Short-term investors and positional traders can consider creating fresh longs in the mentioned zone of Rs 1140-1170,” Ajit Mishra, VP – Technicals, Religare Broking, said.

The company was "responsibly optimistic" about 2023, Chief Financial Officer Joseph Wolk said on a conference call, pointing to fierce competition for cancer drug Imbruvica and inflation as some of the hurdles it was facing this year.

In July, 2022 Prime Minister Narendra Modi launched the NSE IFSC-SGX Connect, a joint venture between the National Stock Exchange of India (NSE) and the Singapore Exchange (SGX), which would trade and clear Nifty equity derivatives for global institutions.

ET Market's analysis of MFs today reveals top 5 stocks that featured in the portfolio of a large number of small-cap mutual fund schemes in March. Furthermore, the data indicates that there was relatively little reshuffling of stocks by MFs last month compared to February 2023 (Date Source: ACE MF). Small-cap mutual funds are those that invest a minimum of 65% of their corpus in smaller companies — those ranked above 250 by SEBI in terms of market capitalization. Such funds are more volatile and susceptible to market fluctuations.

Amid mixed global cues, Indian shares reversed early gains and closed in the red for the second straight day on Tuesday, dragged by index heavyweight Reliance, ICICI Bank, and HDFC Bank. The 30-share BSE benchmark Sensex declined 184 points to settle at 59,727. The broader NSE Nifty dropped 47 points to end at 17,660“Nifty has the highest open interest at 18000 CE level and 17000 PE level, which indicates that even though it is a buy-on-dips market, there is more room on the downside with the current data and hence traders should initiate only hedged positions if done on the long side in Nifty," said Rahul Ghose, Founder & CEO, HedgedHere are stock recommendations for Wednesday:

Earlier during the day, shares of Avalon Technologies made a tepid debut at the bourses due to negative market sentiments. The stock listed at a mild discount of 1% on BSE at Rs 431 against an issue price of Rs 436.

It was SBI's third Tier-1 bond issuance in the previous financial year. The tenor of these bonds is perpetual, with a call option after 10 years and every anniversary thereafter.

ITC share price today: Shares of cigarette-to-hotel conglomerate ITC hit its new 52-week high and gained 1.20 percent to close at Rs 400.20 apiece on the BSE in Monday's intraday trade. The ITC’s stock has been the top performer among the Nifty shares, rising over 48 per cent in the last one year. ITC goes from one of the most memed to most loved stocks. What are the key triggers working for the company and is there a risk of reversal? ET Now's Vinnii Motiwala is here with the details .

Jindal Stainless shares will likely trade ex-dividend a day or two before the record date. When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

JLR expects free cash flow (FCF) to reach over 800 million pounds for the March 2023 quarter. For FY23, FCF is estimated to be over 500 million pounds implying cash outflow in the earlier quarters of the fiscal year. The FY23 FCF will be the highest in seven years. It is also significantly higher than JLR’s earlier guidance of breaking even on the FCF front.

The Dow Jones Industrial Average fell 22.02 points, or 0.06%, at the open to 33,965.16

India VIX was down by 1.51% from 12.26 to 12.07 levels. Volatility spiked towards 13 mark on Monday but later cooled off from its highs. Option data suggests a shift in trading range between 17,400 and 18,000 zones while a shift in immediate trading range between 17,500 and 17,850 zones

Seven stocks from the BSE 200 index hit fresh 52-week highs during a weak session in Tuesday’s trade. The Sensex benchmark index fell 184 points to 59,727 on Tuesday. The 52-week high, a technical indicator of a stock's highest trading price over the past year, is considered significant in evaluating the current value of a stock and forecasting its potential future price fluctuations

The report from Bloomberg noted that a panel or committee may be appointed to build on proposals submitted to the Finance Ministry in 2019 and the policy will likely be implemented in 2024 if the government returns to power.The details and structure of changes to the taxation are yet to be known. A capital gains tax is levied on income or gain that comes out from sale of a capital asset such as stocks and bonds

If you are an avid Blinkit user, you must have seen this message while ordering from the app in the last 2-3 days. So what exactly happened? In today's video, we are going to explain all about the Blinkit issue.

Another expert, Deepak Jasani, Head of Retail Research at HDFC Securities, said the RBI would take a call on rates going forward based on variables like the interest rate movement in other economies, the inflation trajectory in India, and the updated monsoon forecast. He added that the central bank could hold rates for at least one more time

In the most bearish survey of this year — the first after banking turmoil roiled markets last month — investors indicated that fears of a credit crunch had driven up bond allocation to a net 10% overweight — the highest since March 2009. A net 63% of participants now expect a weaker economy, the most pessimistic reading since December 2022.

Ace investor Mukul Agrawal publicly holds 60 stocks with a net worth of over Rs 2,911.6 crore, as per the data available on Trendlyne. In the March quarter, Agrawal included shares of De Nora India and Capacit'e Infraprojects in his kitty. Here is how Mukul Agrawal changed his stock portfolio in the March quarter, according to data available on Trendlyne:

According to the latest shareholding data available with the exchanges, foreign investors have marginally reduced their stake to 35.08% at the end of the March quarter from 36.28% as of December 2022. Despite the cuts, Infosys has one of the highest foreign holdings on the Street

ETMarkets has analyzed smallcap companies that have exhibited an RoE and ROCE of at least 25% for each of the past three fiscal years (FY20-FY22). The filter has thrown up 13 companies that met the criteria. We narrowed our focus to companies that have tripled investor wealth in the last three years, and ultimately nine companies fit the bill.It's important to note that RoE and RoCE provide a comprehensive overview of a company's financial performance. RoE indicates a company's profitability and efficiency in generating profits, calculated by dividing net income by shareholders' equity. The higher the RoE, the better a company is at using equity financing to generate profits.RoCE, on the other hand, measures a company's profitability in terms of all its capital, and higher ratios suggest greater profitability. As per the Trendlyne SWOT analysis, most of these stocks have more strengths than weaknesses. (Data Source: ACE Equity)

From the Sensex pack, Power Grid, UltraTech Cement, Titan and Reliance are top laggards. HCL Tech, Nestle, Wipro and Sun Pharma close with gains

Closing Bell: Sensex slumps for 2nd day in a row, ends 184 pts lower; Nifty below 17,700; Tata Chemical tanks 6%, YES Bank surges 9%

At the heart of the overhaul of India's direct tax laws is potential increases in capital gains taxes for top income earners, according to people with knowledge of the matter. For instance, while India levies a tax of as much as 30% on income, it taxes gains on certain asset classes such as equity funds and stocks at a lower rate.

Foreign portfolio investors (FPIs) increased their ownership in the company in the last quarter. The cumulative holding of category-I FPIs was 12.87% at the end of March quarter, up from 12.51% a quarter ago.Meanwhile, sequentially, insurance companies’ total holding in the March quarter dropped marginally. Insurance majors, including Life Insurance Corporation of India, cumulatively held 20.40% stake at the end of March quarter, against 20.44% a quarter ago

"One word that describes our economy and equity market for FY23 is ‘resilience’. We were able to face the tough situation with minimal damage. India’s robust macroeconomic position is a result of multi-year structural policy reforms that enabled growth and high government expenditure in the budget over the last few years," the MarketSmith India report said.

For the quarter that ended December 31, the company reported consolidated net sales of Rs 100 crore, up 9.52% from last quarter's total income of Rs 91.3 crore and up 10.25% from year-ago quarters’ total income of Rs 90.7 crore. The company reported a net loss of Rs 17.7 crore in the December quarter

Strategists from BlackRock Investment Institute, the research arm of the world’s largest asset manager, recommend “breaking up traditional asset allocation buckets, moving away from broad allocations to public equities and bonds,” according to a Tuesday note.

On the launch of the fund, Ritwick Ghoshal, Managing Partner and CEO of Bay Capital, said, “We at Bay Capital, invest in franchises led by quality management teams that are market leaders, who have strong competitive advantages, possess deep, entrenched moats that can translate into consistent compounded earnings. We look for companies having high returns on capital and that generate cash flows over the long term.”

The stock is currently trading nearly 8% down at Rs 396.90 on BSE. It hit the day's low of Rs 387.75, translating into a fall of 11% from IPO price. The tepid listing was expected after the downtrend in company shares in the unlisted market since the IPO opened for subscription. The issue was subscribed 2.21 times at close

Markets will now watch out for reports from Goldman Sachs Group Inc and Bank of America Corp later in the day, while Morgan Stanley is due on Wednesday, after stellar results from the other big U.S. banks last week.

The fund will be managed by a dedicated team with more than a three-decade of experience and will leverage its successful track record of Rockstud Capital's Series I hybrid equity VC fund, where few of the investments generated multi-baggers returns of over 5 times.

Electrification not only in terms of reach across the country but also the number of hours it is available has increased in large parts. It has helped companies expand not only geographically but increase their product range from just electrical wire to white goods. The high valuations have been taken partially care off by the multiple coming down and also partly by the fact that earnings did catch up.

As the NIFTY and broader market recovers, analysts are bullish on select large cap stock. Making to the list are a host of financial institutions and PSU banks which had seen a correction in line with correction in global financial sector stocks. But in the last few days they have also seen recovery as fears of global trouble recede. 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.

These midcap companies have shown an improvement in their SR score at a time when markets have been overwhelmed by news and other developments. As the Q4 earning season progresses will these stocks be able to outperform markets? 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.

"The bank has demonstrated its ability to execute and deliver a strong performance. Accelerated investments to uplift the franchise to sustain growth and expand more streams of revenue and activities, with the eventual goal of becoming a universal bank. The objective is to maintain a strong credit filter, granular growth in assets and liability along with sustaining stable spreads, all of which should bode well for future earnings growth," Sharekhan said in a report.

Part of the Precision Group, Precision Camshaft is in the automotive components business. The company claims to be one of the largest camshaft manufacturers in the world — manufacturing all types of camshafts under one roof. The Pune-based company was incorporated in 1992.

The company's total client base rose 49% YoY and 10% quarter-on-quarter (QoQ) to 13.8 million in the March quarter, while gross client acquisitions stood at 1.3 million. Its share in India's Demat accounts was 12%, up 48 basis points sequentially.