For Nifty, 17700 would be the key support level and below the same the index could slip till 17600-17520. On the flip side, a fresh rally is possible only after the dismissal of 17825 and above the same, the index could rally till 17900-17925.

Tata Steel reported a surprise consolidated net loss of Rs 2,224 crore for the December quarter. The company had posted a profit of Rs 9,572 crore in the last year period and Rs 1,514 crore in the previous September quarter. Revenue from operations, meanwhile, dropped 6% year-on-year to Rs 57,083 crore.

Analysts, on aggregate, cut the consensus target by 1.15% to ₹713.76 per share, as per a Bloomberg poll of analysts. This represents a 31% upside potential from the current levels.

These loans against shares (LAS) were taken by promoter entities and backed by share pledges. ET was first to report Monday morning that about ₹8,000 crore of LAS was being prepaid by the Adani family, hours before a formal announcement.

The Hinduja group company reported a 19-quarter high operating profit per vehicle of Rs 1.7 lakh for the December quarter helped by a better realization due to improving share of higher priced vehicles. This and a moderation in commodity prices expanded the gross margin by 170 basis points sequentially to 24%

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

​​Among the gainers on Monday, Adani Ports soared almost 10%, ACC gained 2.2%, Ambuja Cements rose 1.5% and NDTV advanced 1.4%. Shares of the other six Adani companies extended declines. Adani Enterprises, the group’s flagship entity, shed 0.7%.

"Certain stockbrokers, due to various factors like their size, trading volumes and amount of clients' funds handled by them, have come to occupy a significant position in the Indian securities market," the regulator said in a circular, adding that this was leading to concentration of activity among a few stock brokers.

BNP Paribas believes the "valuations still look reasonable" after the Kolkata-based cigarette-to-hotel conglomerate reported cigarette sales volume that grew, in percentage terms, in their mid-teens, while consumer staples and hotels businesses reported all-time-high operating margins of 10% and 31.5%, respectively.

Steel major Tata Steel on Monday reported a consolidated net loss of Rs 2,501.95 crore in the quarter ended on December 31, 2022, on account of higher expenses. The company had posted a net profit of Rs 9,598.16 crore in the year-ago period, according to a regulatory filing. Total income on a consolidated basis fell to Rs 57,354.16 crore in the October-December quarter from Rs 60,842.72 crore earlier. The company's expenses rose

At 10:24 a.m. ET, the Dow Jones Industrial Average was down 179.60 points, or 0.53%, at 33,746.41, the S&P 500 was down 33.71 points, or 0.81%, at 4,102.77, and the Nasdaq Composite was down 125.32 points, or 1.04%, at 11,881.64

The marketing presentation, which has not been previously reported, shows the Swiss bank is betting on an aggressive rebound at CS First Boston (CSFB) after revenue plunged 69% in 2022

Tracking weak global cues, Indian indices ended lower with Nifty dropping below 17,800 levels. Among sectoral indices, Nifty Metal index fell the most, by over 2%, while Nifty Media and Nifty FMCG were the top gainers today.“The price action of today’s session remained inside the range of Friday’s session. Thus this can be termed as an inside day. Going ahead, only a move above 17,870 (Friday’s high) and below 17,580 (Friday’s low) might dictate further trend of the markets,” said Mehul Kothari, AVP, Technical Research, Anand Rathi.Here are stock recommendations for Tuesday:

"KPIT Tech has the strongest relative strength chart among the IT names. The ratio chart shows continued upside against IT index and is recently on the cusp of coming out of fresh consolidation," Gaurav Bissa, VP, InCred Equities, said.

Tracking weak global cues, Indian indices ended lower with Nifty dropping below 17,800 levels. Among sectoral indices, Nifty Metal index fell the most, by over 2%, while Nifty Media and Nifty FMCG were the top gainers today.“The price action of today’s session remained inside the range of Friday’s session. Thus this can be termed as an inside day. Going ahead, only a move above 17,870 (Friday’s high) and below 17,580 (Friday’s low) might dictate further trend of the markets,” said Mehul Kothari, AVP, Technical Research, Anand Rathi.Here are stock recommendations for Tuesday:

Steel major Tata Steel on Monday reported a consolidated net loss of Rs 2,501.95 crore in the quarter ended on December 31, 2022, on account of higher expenses. The company had posted a net profit of Rs 9,598.16 crore in the year-ago period, according to a regulatory filing. Total income on a consolidated basis fell to Rs 57,354.16 crore in the October-December quarter from Rs 60,842.72 crore earlier. The company's expenses rose

The Hinduja group company reported a 19-quarter high operating profit per vehicle of Rs 1.7 lakh for the December quarter helped by a better realization due to improving share of higher priced vehicles. This and a moderation in commodity prices expanded the gross margin by 170 basis points sequentially to 24%

Tracking weak global cues, Indian indices ended lower with Nifty dropping below 17,800 levels. Among sectoral indices, Nifty Metal index fell the most, by over 2%, while Nifty Media and Nifty FMCG were the top gainers today.“The price action of today’s session remained inside the range of Friday’s session. Thus this can be termed as an inside day. Going ahead, only a move above 17,870 (Friday’s high) and below 17,580 (Friday’s low) might dictate further trend of the markets,” said Mehul Kothari, AVP, Technical Research, Anand Rathi.Here are stock recommendations for Tuesday:

The Dow Jones Industrial Average fell 51.57 points, or 0.15%, at the open to 33,874.44

The guidelines, to be effective from April 1, 2023, have come against the backdrop of increasing interest in sustainable finance in India as well as around the globe, and with a view to aligning the framework for green debt securities with the updated Green Bond Principles (GBP) recognised by IOSCO

“The RBI has the luxury of raising rates or deferring it as inflation is cooling off and growth is stable. The market will be looking forward to the guidance on the borrowing program of FY24,” said Nilesh Shah, managing director of Kotak Mahindra AMC.

Finance Minister Nirmala Sitharaman speaks to ET NOW's Managing Editor Nikunj Dalmia on Budget, taxation, Capex and more. Speaking on global rating agencies' approach towards India she said, "It's a way of the world and they can be obstinate". Watch.

Finance Minister Nirmala Sitharaman in an interview with ET NOW said that regulators are independent and will take their own actions with regard to Adani group concerns. "Indian regulators are world class and they are doing a good job", FM Sitharaman said.

The benchmark index Sensex closed lower by about 334 points to 60,506 on Monday. During this weakness in the market, five stocks from the BSE 200 index have slipped to their new 52-week lows. However, 4 out of 5 stocks are likely to see a good bounce back according to Trendlyne.com forecaster.The 52-week low is the least price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor to analyse a stock’s current value and to predict its future price movement.

In the last Fed policy meeting, a 25 basis points rate hike was announced with a less hawkish tone. However, US job market data and comments from Fed officials scheduled this week will be very important to watch for.

In its consultation paper, the regulator has proposed mandating daily upstreaming of all investor funds from stock brokers and clearing members (CMs) to Clearing Corporations (CCs). Investor funds in surplus of exchange margin requirements may in turn be placed by CCs in very low-risk and liquid overnight money market instruments

The recent price action on the benchmark front indicates uncertainty among participants and that might continue in the near term. Traders should thus maintain their focus more on identifying opportunities in the sectors that are showing resilience. However, it’s easier said than done as we’re seeing restricted participation. Also, managing overnight risk is equally important citing the prevailing volatile scenario

Power transmission and distribution company Adani Transmission of diversified Adani conglomerate on Monday announced its earnings data for the October-December 2022 quarter. The Adani group company's profit after tax rose 73 per cent on a yearly basis to Rs 478 crore during the December quarter. In the same quarter of 2021, the profits were Rs 277 crore.

Analysts have said that the government’s decision to convert Vi’s accrued interest into equity will help the telco get some existing bank debt refinanced in the immediate future, which will help free up cash to pay vendor dues particularly to Indus Towers as well as for immediate capex needs

The Securities and Exchange Board of India (Sebi) has made the suggestions through five consultation papers and sought comments from the public till February 18 on these proposals aimed at making the AIFs more investor friendly.

Sensex snaps 5-session rally, falls 335 pts; Nifty below 17,800; Adani Transmission cracks 10%, Gland Pharma 3%; Vodafone Idea, Indus Towers Ltd, Adani Ports are some of the gainers in closing trade.

From the Sensex pack, Tata Steel and Infosys were the top losers, falling over 2%, Infosys, Kotak Bank, M&M, Tata Motors, ICICI Bank, UltraTech Cement and Reliance also ended with losses

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.

With the prepayments, pledged shares in Adani Ports and SEZ, Adani Transmission, and Adani Green Energy will be released, the group said in a statement.

Morgan Stanley believes that improvement in the energy business is key to raising investor confidence in the conglomerate's earnings. Over the past 6 months, volatility in energy markets, investments in 5G telecom services, absence of tariff hikes, and higher global rates have driven a 6% cut in consensus estimates for RIL, reversing the trend of upgrades seen in the first half of 2022.

The bank may also require raising capital with its Common Tier I CAR at 11% (vs min of 7%), but management may look at stake sales in subsidiaries to mobilise capital first," it said.Jefferies has SBI among its sector top picks with a "Buy" rating and a target price of Rs 760, representing an upside of 44%. In an upside scenario, the target price is set at Rs 860, with a potential upside of 61%

The company has reported EBITDA (earnings before interest, tax, depreciation and amortisation) at Rs 408 crore, which is down almost 63% when compared with Rs 1,097 crore in the last year period. Margins, too, declined during the third quarter to 23.9%.

The Relative Strength Index (RSI) is at 61.7. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.

"SBI’s core fundamentals continue to be on a strong footing and sustained solid earnings delivery should drive incremental re-rating for the stock in our view. While SBI may need to raise equity capital over the next 12-24 months (CET1 at 9.26%), stake sale in subsidiaries (SBI Funds, SBI General Insurance) remains another option to augment capital and may delay the eventual dilution.

Both margin and leverage look very similar to each other but there is a slight difference between the two. Leverage can be expressed in terms of ratio. In the above example, we got margin benefit and were asked to pay only Rs 5,000 for the underlying value of Rs 20,000 so in this case our leverage becomes 4:1.

The high loan growth environment is partly driven by pent-up credit demand and normalisation of excess savings built up during the pandemic, as well as corporate borrowers migrating from the local bond markets towards banks, given the significant hardening in bond yields.

In cases where the custodial banks do not provide details of beneficial ownership, the regulator would deem those foreign funds ineligible and ask them to liquidate their holdings in the Indian market by March 2024, the source added.

Some of these facilities – taken from global banks like Credit Suisse, JP Morgan, domestic NBFCs like JM Financial, Mutual Funds, etc – were due in May, some were already rolled over to September of this year and some this calendar year end while some were in January 2024.

The reported operating profit improved by Rs 424 crore from the year-ago period, and the margin improved to 2% of revenue from -27% a year ago, due to sustained improvement in contribution profit and strong operating leverage. 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.

This turned the Street bullish on the stock and it reflects in the performance. So far in the current financial year, the stock has gained more than 30% compared with the Nifty Bank index which has risen 14% in the same period.

We expect the strong business growth momentum to continue across divisions. In cigarettes, we believe a pragmatic tax regime not only acts as fodder for volume growth from illicit but also increases its predictability premium.

For the last nine years, one thing which has remained constant in every budget has been the focus on building infrastructure. Budget 2023 also saw government spending on infrastructure projects at elevated levels. Spending on infra has a trickle down effect on many parts of the economy. 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".

Morgan Stanley maintained an overweight rating on ITC with a target price of Rs 415 post Q3 results.Q3 earnings were ahead of Morgan Stanley and consensus estimates. “A strong beat on Cigarettes, Hotels, and FMCG businesses was a key positive. Strong results and positive implications from the Budget augur well,” Morgan Stanley said.

Vi quickly needs to clear dues of vendors like Indus Towers and expand its existing 4G network. It also needs to finalise 5G gear supply contracts with the likes of Ericsson and Nokia for rolling out next-gen networks and stem rapid subscriber losses.

Companies in the automobile, cement, capital goods, fast moving consumer goods, and consumer discretionary sectors got some respite on the cost front as prices of several commodities and other inputs eased in the quarter.