Sensex falls for 2nd day, down 221 points; Nifty below 17,750; Adani Ent rallies 15%, Gland Pharma 12%;Adani Enterprises, Varun Beverages, DCB Bank are some of the top gainers in closing trade.

The timing of a potential launch comes with challenges. Spotify Technology SA unveiled plans in January to cut about 6% of its workforce, or around 600 employees, due to diminished advertising revenue and a shaky economic outlook. Walt Disney Co., meantime, announced targeted hiring freezes and job cuts in November.

The capital markets watchdog, the Securities and Exchange Board of India (Sebi), has also been facing criticism from some opposition leaders that it has not intervened in the matter

It said even under a hypothetical scenario, where the wider Adani Group enters distress, exposure for Indian banks should, in itself, be manageable without adverse consequences on the banks’ viability ratings.

IRB Infrastructure Developers is India’s first multinational infrastructure player in the highways segment. As the integrated private toll roads and highways infrastructure developer in India, IRB has an asset base of over Rs 60,000 crore in 10 states across the parent company and two InvITs

From the Sensex pack, Tata Steel was the worst performer, declining 5.5%. ITC, Maruti, HCL Tech, Tata Motors and Sun Pharma also closed with losses

As NIFTY gets even more volatile, there are some sectors which are traditionally considered defensive and they tend to get attention when market breadth is also getting bearish in volatile mode. Amongst others, pharma is one of them. Even during this period, many mid-cap stocks from different sectors which have seen improvement in their scores and their prices have also been in positive territory. We have taken 5 pharma stocks from mid-cap space, which witnessed an improvement in their scores. A score improvement coming in a volatile earning season along with the fact that valuations are still very high on an over basis is something worth looking into. 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.

As the market witnesses volatile movement there are few large cap stocks which are still finding favor with analysts. After the recent correction, even long term wealth creators like SRF have come into the list as the upside potential in them comes close to algorithm fixed minimum target price. 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.

The government has been focussing on specific industries which don't come under agriculture but still are very important for both increasing the income of marginalised sections in coastal and rural areas. All these efforts will have an impact on the bottomline on companies which are directly or indirectly part of this whole supply chain of fisheries, poultry and related industries. We take a look at 4 such companies and what analyst rating are for them.

"I will not buy for a moment anyone saying Indian governance or the regulatory mechanisms are not good enough. In fact, in very many areas, we seem to be leading the way in terms of good governance," Sitharaman said, adding that Indian regulators are well-seized of what they have to do and they will do the needful where and when necessary

Shares of Adani Group companies, including Adani Ports have been under pressure following a report by Hindenburg that alleged stock manipulation and fraud. The scathing attack on the group has questioned its debt levels and use of tax havens.

ITC shares were a star performer in 2022, having gained more than 52% as the outlook for all the business segments improved significantly, and the management also provided clarity on capital allocation towards businesses.

ITC shares were a star performer in 2022, having gained more than 52% as the outlook for all the business segments improved significantly, and the management also provided clarity on capital allocation towards businesses.

While market participants remain slightly divided between a pause and a 25 bps hike in the upcoming policy, there seems a clear consensus that the monetary policy will signal an end of the rate hiking cycle. However, we remain cautious on the possibility of dovish forward guidance just yet

The current interest rates were appealing. Based on the plans that he had made a few years ago, it appeared that the income at current interest rates on his savings would enable him to meet his monthly income needs or maybe leave a little surplus.

The Nifty stock had crashed 35% in Friday's selloff to hit the lower circuit at Rs 1,017, which is also the 52-week low. As investor confidence returned amid buying at lower levels and positive newsflow, shares of Adani Enterprises rallied up to 25% on Tuesday to the day's high of Rs 1,965.50.

The Nifty50 is trading in a broader range of 17,900 to 17,300 levels. But, in the range bound market, some indices like the auto and IT sector are outperforming and energy and chemical sectors are underperforming.

With a capital outlay of Rs 2.4 lakh crore for railways, Rs 5.94 lakh crore for defence and a total capital expenditure outlay of Rs 10 lakh crore, the brokerage firm William O'Neil believes that sectors such as railways, defence and power will remain in focus for the fiscal year 2023-24. According to the brokerage firm, stocks like IRCTC, Rail Vikas Nigam, HAL and Power Grid will benefit the most from Budget 2023. Here is a list of 8 PSU stocks that are in focus after Budget announcements:

ITC shares were a star performer in 2022, having gained more than 52% as the outlook for all the business segments improved significantly, and the management also provided clarity on capital allocation towards businesses.

Shares of digital payments service provider Paytm hit the upper circuit of 20% to Rs 669.6 in Tuesday's trade on BSE after the fintech firm posted its first-ever quarterly operating profit three quarters ahead of guidance and also as the company's losses narrowed during the third quarter of the current fiscal. The payment gateway services provider reported a consolidated net loss of Rs 392 crore for the quarter ended December 2022. The net loss has narrowed from Rs 779 crore a year ago.

The government has been focussing on specific industries which don't come under agriculture but still are very important for both increasing the income of marginalised sections in coastal and rural areas. All these efforts will have an impact on the bottomline on companies which are directly or indirectly part of this whole supply chain of fisheries, poultry and related industries. We take a look at 4 such companies and what analyst rating are for them.

Paytm parent’s consolidated revenue from operations increased by 42% year-on-year (YoY) to 2,062 crore, driven by an increase in merchant subscription revenues, growth in loan distribution and momentum in the commerce business.

For the India business, the company has reported a profit of Rs 1,918 crore with a revenue of Rs 32,325 crore for the period under review. India deliveries stood at 4.74 million tonnes, and were up 7% YoY, primarily driven by 11% growth in domestic deliveries, which has also enabled an improvement in product mix.

As the market witnesses volatile movement there are few large cap stocks which are still finding favor with analysts. After the recent correction, even long term wealth creators like SRF have come into the list as the upside potential in them comes close to algorithm fixed minimum target price. 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.

Adani, whose business interest includes ports, power generation and transmission, and renewable energy, has a total notional value of $7.7 billion in the JPMorgan's CEMBI and JACI indexes, the bank said on Monday.

As of December 2022, the total FII ownership in Reliance Industries stood at 23.48%, and for six quarters in a row, this investor community has reduced its holdings.

JPMorgan maintained an overweight rating on Tata Steel with a target price of Rs 140. “Large PAT loss was driven by inventory NRV hit in Europe,” JPMorgan said.

As NIFTY gets even more volatile, there are some sectors which are traditionally considered defensive and they tend to get attention when market breadth is also getting bearish in volatile mode. Amongst others, pharma is one of them. Even during this period, many mid-cap stocks from different sectors which have seen improvement in their scores and their prices have also been in positive territory. We have taken 5 pharma stocks from mid-cap space, which witnessed an improvement in their scores. A score improvement coming in a volatile earning season along with the fact that valuations are still very high on an over basis is something worth looking into. 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.

“Transmission business revenue growth was driven by newly commissioned JKTL and WRSS XXI (A) and recently commissioned lines. Distribution revenue increased on account of a consistent uptick in energy demand," the company said in a release.

Today's recovery in stock prices came after Adani Group promoters have prepaid $1.1 billion loans ahead of its maturity of Sep 2024 in three key companies — Adani Green Energy, Adani Ports, and Adani Transmission.

Brokerage Axis Securities has come up with select stocks that can rally up to 59% for the month of February. The stock basket includes picks from various market cap segments but delivered a flattish return in the month of January. Since its inception, Axis Securities' top picks have delivered an impressive return of 148%.Here are their top stocks to buy in February.

Adani, whose business interest includes ports, power generation and transmission, and renewable energy, has a total notional value of $7.7 billion in the JPMorgan's CEMBI and JACI indexes, the bank said on Monday.

Coal India has announced an interim dividend of Rs 5.25 for the current fiscal, along with its third quarter financial results, and will go ex-date on February 8. The dividend will be paid out to eligible shareholders before March 2.

So far in the calendar year 2023, Nifty has lost about 2% of its value while both developed and emerging market indices are making investors richer. On a year-to-date (YTD) basis, the S&P500 is up 7%, UK's FTSE 5.2%, South Korea's KOSPI 9.8%, China's Hang Seng 8.7%, Japan's Nikkei 6.3% and Australia's ASX200 6.9%.

Out of 10 Adani stocks listed on exchanges, only three were trading lower. The diversified conglomerate's flagship entity Adani Enterprises was 3.5% higher and Adani Ports 3%. Shares of Adani Transmission, which reported a 73% year-on-year (YoY) increase in its consolidated profit after tax to Rs 478.15 crore in the December quarter, was also locked in the 5% upper circuit band at Rs 1,324.45.

When a company goes ex-dividend on a particular date, its stock does not carry the value of the next dividend payment. Usually, an ex-dividend date is set one or two days before the record date. An ex-dividend date also dictates which shareholders are eligible to receive the dividend payment.

“UltraTech Cements is our top pick in the largecap space. It is expanding its domestic grinding capacity to 131mtpa/154mtpa by FY23E/FY25-26E, offering strong growth visibility,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The IT stock rose from Rs 709 on January 30 to Rs 778 recorded on February 3, which translates into an upside of about 10% in the last 5 trading sessions

Six of the group’s 10 stocks slid Monday, increasing losses since US short-seller Hindenburg Research made fraud allegations against the conglomerate on Jan. 24 to about $117 billion. Billionaire Gautam Adani and his family have prepaid $1.11 billion of borrowings backed by shares to ease investor concerns, the group said in a statement Monday.

Opening Bell: Sensex flat, Nifty above 17,750; Tata Steel falls 3%, Adani Ent gains 3%.

From the Sensex pack, IndusInd Bank, Bajaj Finserv, Bharti Airtel and UltraTech Cement were the top gainers, rising about 0.5-1%. Kotak Bank, M&M, NTPC and Axis Bank also opened with gains.

Sectorally, buying was seen in telecom, realty, public sector and FMCG stocks while selling was visible in metals, utilities, power, and IT stocks.

This company’s stock was moving in an uptrend since June 2022. However, the price has now breached the support of a symmetrical chart pattern. In the days ahead, the price is expected to slide lower toward the target of the triangle. The candle formed is a Marubozu which suggests that the bears were in charge throughout the day.

On Monday, the markets remained in the negative territory throughout the day, with the Nifty closing the trade with a loss. The approach in such a situation should largely be stock-specific.

The S&P BSE Sensex fell more than 300 points while the Nifty50 closed below 17800 levels on Monday.

Sectorally, buying was seen in telecom, realty, public sector and FMCG stocks while selling was visible in metals, utilities, power, and IT stocks.

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 LTIMindtree and L&T Finance Holdings, while Kunal Bothra has a buy/sell recommendation on Bajaj Finance and Siemens for today's trading session. Check out the targets and stop loss.

The repricing of higher rates began after strong U.S jobs growth in January, with employment rising 517,000, more than double economists expectations. The unemployment rate hit 3.4%, the lowest in more than 53 years.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,832, up 71 points or 0.40% from the previous close.

Traders are keeping a close eye on speeches by Fed officials this week, including Chair Jerome Powell on Tuesday, for any change in the central bank's rhetoric after data last week showed services activity was strong in January as well as strong job growth.