The analysts had last year given a target price of Rs 450 on the stock with an underperform rating. They have now raised Paytm's FY23–26E revenue estimates by 33–51% and given the stock a double upgrade to outperform.

Morgan Stanley said that the Q3 results were in-line but capex was higher than expectations. “There is visible strength in 4G subscriber growth in India mobile business. ARPUs are trending higher, and in line with expectations.

The decision on the rate hike by the Monetary Policy Committee of the central bank was taken on a 4:2 majority.

Airtel also reported higher-than-expected consolidated revenue in the December quarter, up 20% on-year and 3.7% sequentially, to Rs 35,804.4 crore, driven by strong ARPU growth and sustained momentum of its postpaid, enterprise, homes and Africa businesses.

The analysts had last year given a target price of Rs 450 on the stock with an underperform rating. They have now raised Paytm's FY23–26E revenue estimates by 33–51% and given the stock a double upgrade to outperform.

Options data suggests a broader trading range in between 18400 to 19200 zones while an immediate trading range in between 18400 to 18800 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

With the asset quality pain being largely behind and the restructured book behaving fairly well, a ramp-up in credit growth and the ability to maintain margins in an increasing interest rate environment is likely to drive valuations for banks and NBFCs moving forward, analysts say.

From the Sensex pack, UltraTech Cement, HCL Tech and Infosys were the top gainers, rising over 1%. Wipro, TCS, Tech Mahindra and Bajaj Finance also opened with gains. On the other hand, Bharti Airtel, NTPC, Maruti, Tata Motors and Sun Pharma opened with losses.

Opening Bell: Sensex rises over 200 points, Nifty above 17,750; Adani Ports jumps 4%, Airtel sheds 2%.

HPCL’s daily trend is bearish. Based on an options chain analysis, the range is between Rs 220 and Rs 250. Let us plan a trade around this.

The only caution sign is that volumes are gradually decreasing with every new up move which suggests the trend might be weakening, but we must wait for price confirmation which is still not there.

Despite a positive start of the day on Tuesday, the Nifty ended with a modest loss and below the 17,700 mark. The approach to markets still remains selective and stock-specific.

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 Kotak Bank and L&T Finance Holdings, while Kunal Bothra has a buy/sell recommendation on Poonawalla Fincorp and Samvardhana Motherson for today's trading session. Check out the targets and stop loss.

Shares of Japan's Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, a day after both unveiled earnings that fell short of expectations, as tech firms around the globe send a cautionary signal to investors.

In the currency market, the dollar pulled back a bit after the speech. The dollar index, which measures the U.S. currency against six major rivals, was at 103.30, having dropped to as low as 102.99 in the previous session.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,789, up 59 points or 0.33% from the previous close.

Most sectors on the S&P 500 ended higher. The energy sector the top gainer as crude prices surged more than 3% on Powell's remarks. The technology and communication services sectors were also among top gainers.

According to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.

According to Sudip Bandyopadhyay, group chairman of Inditrade Capital, long-term investors could look at buying Adani Ports and Adani Wilmar. "If you look at the valuations, these were relatively reasonably valued even pre-correction, and now post-correction, they are definitely attractive from a long-term investor's point of view, so these can be acquired," he said.

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Company Law Tribunal's decision to admit the Anil Ambani-promoted power producer despite proof of default while adding that tribunals should have factored in extraneous matters.

While the London-based lender is still deliberating plans on branch expansion, it is building a tech stack to onboard a large section of the first-time salaried class, affluent Indians and the MSME segment as its clients.

Many of India's infrastructure, particularly in airports and ports, today can be compared favourably with their global counterparts, and in some, like waterways and roads, there is scope for improvement. The government recognises this need to build capacity and infrastructure.

Last week, state-owned LIC said it has ₹35,917.31 crore investment in Adani Group's debt and equity securities. The amount is 0.975% of the insurer's total assets under management of more than ₹41.66 lakh crore.

In a consultation paper, Sebi has proposed a regulatory framework which will require broking firms as well as their senior management to be accountable for detection and prevention of fraud or market abuse, by setting up robust surveillance and control systems.

It said that NBFC-MFIs surpassed banks by a thin margin. Banks as a group controls 34.8% of the market, in which lenders provide micro loans without collateral to joint liability group members. Loans given by banks to self help group members are not included here.

The stock rose from Rs 232 as on January 31, 2023, to Rs 261 recorded on February 6, 2023, which translates into an upside of about 13%

USA-FED/ (WRAPUP 4, PIX)WRAPUP 4-Fed's Powell says job strength shows inflation fight may last 'quite a bit of time'

Foreign funds' bearish bets on index futures, including Nifty contracts, have increased to 85% of their overall positions in the derivatives segment - the highest level since September 2022. Half these punts have been added in the past two weeks - around the time the Hindenburg Research's adverse report on Adani Group companies was released on January 24.

Traders are speculating that the central bank would push the benchmark rate to 5.1% in June, levels that policymakers have backed vociferously

The viral success of ChatGPT has turned the spotlight on AI on Wall Street, reminiscent of the blockchain hype from a few years ago when shares of companies remotely associated with the technology surged

“Within the financial pack, M&M Finance is among the top performing names as it has been maintaining a positive tone since June 2020,” Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The Australian dollar earlier bolted higher after its central bank reiterated further increases would be needed, while the yen gained after an unusually strong Japanese wage data

The volatility gauge ending lower in trade is another indication that traders haven’t taken any aggressive bets in the run-up to the policy. India VIX, often termed as the ‘fear gauge’, ended nearly 4% down at 14.1250 points

Two-wheeler maker Hero MotoCorp on Tuesday reported a 2.41 percent rise in consolidated net profit at Rs 721.24 crore in the third quarter that ended December 31, 2022. The company had posted a consolidated net profit of Rs 704.24 crore in the same quarter last fiscal, Hero MotoCorp said in a regulatory filing.

Virtue of spending meticulously, in pockets which provide maximum multiplier is something the FM has shown in Budget 2023, just like the careful spending towards pandemic led stimulus a couple of years back. Even while checking all the right boxes, we have reduced our fiscal deficit

The board, at its meeting today, approved allotment of 16,133,184,899 equity shares of face value of Rs 10 each at an issue price of Rs 10 per share, aggregating Rs 161,331,848,990 to the Department of Investment & Public Asset Management, Government of India (acting through President of India),” Vi said in BSE filing late Tuesday evening

The volatility gauge ending lower in trade is another indication that traders haven’t taken any aggressive bets in the run-up to the policy. India VIX, often termed as the ‘fear gauge’, ended nearly 4% down at 14.1250 points

The Dow Jones Industrial Average fell 121.24 points, or 0.36%, at the open to 33,769.78

The government cleared conversion of Rs 16,133 crore interest dues of debt-ridden Vodafone Idea into equity after receiving a firm commitment from Aditya Birla Group to run the company and bring necessary investment

Adani Green Energy's consolidated net profit more than doubled to Rs 103 crore in the December quarter, mainly on the back of higher revenues. The consolidated net profit of the company was at Rs 49 crore in the year-ago period, according to a BSE filing on Tuesday. Total income in the third quarter of the current fiscal rose to Rs 2,258 crore from Rs 1,471 crore in the same period a year ago.

Indian indices ended lower for the second straight day on Tuesday following weak global cues. Nifty ended below 17,750. The broader markets, however, performed relatively better. Adani Enterprises, Dr Reddy’s Laboratories, Kotak Mahindra and Adani Ports were the top gainers from the Nifty pack, while losers included Tata Steel, Hindalco, ITC and Sun Pharma.“Nifty index faces stiff resistance around the 17,800-17,850 zone where aggressive call writing is visible. The index needs to surpass this level on a closing basis to witness a short-covering move toward the 18,200 level. The support on the lower end is at the 17,600 level and if breached will lead to a further correction towards 17,450-17,400 levels,” said Rupak De, Senior Technical Analyst at LKP Securities Here are stock recommendations for Wednesday:

The benchmark index Sensex closed lower by about 220 points to 60,286 on Tuesday. Despite this fall, 6 stocks from the BSE 500 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.

Along with the divestment decision, the board has also approved and released third quarter results of BSE. The company's consolidated net profit fell 15% to Rs 52 crore in the three months ended December period, compared with Rs 61 crore in the corresponding period of last year

An ECB survey on Tuesday showed euro zone inflation expectations were still edging up at the end of last year, while Fed Minneapolis President Neel Kashkari was out saying he still thought U.S. rates should rise to at least 5.4% from their current 4.5%-4.75% range

The company's stock came under heavy selling pressure in November last year, when the lock-in period for pre-IPO investors ended. Nykaa sought to limit the damage by announcing a bonus issue, but the move failed to persuade investors to stay put. The shares have lost over 50% in the last one year period

A company issues bonus shares for their shareholders to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors

The fund which has raised $5.2 billion is Goldman Sachs’ inaugural direct private markets fund dedicated to investing in high-growth businesses with strong market positioning, high growth rates and durable business models, the release said

The total purchase value of equity, purchased over the last many years, under all the Adani group companies is Rs 30,127 crore and the market value for the same as at close of market hours on January 27, 2023, was Rs 56,142 crore, as per LIC.

Hindustan Zinc remains under pressure after the reports said that the government has opposed the sale of Vedanta's international zinc assets sale. ET NOW's Ashesha Adhvaryu joins in to take us through the timeline of events and their implications.

As Nifty formed a lower top for the second consecutive day, chart readers said 17,870 – 17,854 could be the trading range for the Nifty in the near term.Options data suggests a broader trading range between 17400-18200 zones, while an immediate trading range between 17600-17900 zones.