Benchmark index Sensex closed down 187 points to 60,858 on Thursday. During this fall, seven stocks from the BSE healthcare index slipped to touch their new 52-week lows.The 52-week low is the lowest price a stock has traded during the last one 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.

The Dow Jones Industrial Average fell 125.61 points, or 0.38%, at the open to 33,171.35

Concert's lead candidate, deuruxolitinib, is being evaluated as a treatment for autoimmune condition alopecia areata, which results in patchy hair loss

This is the first such hike undertaken by the parent firm after 10 years. The prior agreement with the parent for technology, trademark licence and central services was entered into in January 2013 for a period of 10 years

During the pandemic period, we also did another excellent job, that is distributing foodgrain also, rather than just distributing cash. That helped us contain inflation," the SBI chairman said.Khara said that his and other banks have created a robust system of digital banking that help people get access to their banking needs in real time

The BSE Sensex index ended 187 points or 0.31% lower at 60,858, while Nifty50 fell 57 points or 0.32% to settle at 17,108

The majority shareholding of the company is with the public at about 51.80%, while promoters own the remaining 48%.On Thursday, Venus Pipes was marginally down in afternoon deals at Rs 722.95..So far this year, the stock has been trading higher marginally. It has given multibagger returns to investors in the last six months, offering about 103%, while the same has risen 104% in the last one year.

Fear gauge index India VIX was down by 2.85% from 14.37 to 13.96 levels. Volatility cooled down from higher zones and paved the way for the bulls at declines. Now it needs to sustain below 14 for stability to resume the uptrend.

The OIS market is seen as the clearest indicator of future policy action by market participants. A wider move in five-year swaps highlights the expectation of dovish actions in the medium term while the one-year swap rate stays elevated.

Also, a meeting of the bank’s board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing

Closing Bell: Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty holds 18,100; Vedanta jumps 3%, Adani Green tanks 7%

The consensus estimate for the stock is "hold". JK Tyre has an average target price of Rs 177.67, which represents a downside of -2.06% from the current levels. On Thursday, the scrip was down about 0.38% to last trade at Rs 181.40 on the NSE.

The Securities and Exchange Board of India (SEBI) is probing whether investments by the fund, known at the time as Reliance Mutual Fund, in perpetual bonds of Yes Bank were made as part of a deal whereby in return the lender invested in securities of Anil Ambani group companies, said two sources with direct knowledge of the matter. The sources declined to be named as the investigation is confidential.

India’s valuation premium to Asian peers has come off the peak but remains well above historical average. “Since 2015, as interest rates moderated, we have seen a large P/E expansion in the Indian market and we think some more time correction is likely.

The company was originally incorporated as “Gautam Gems Private Limited” on February 18, 2014. It has been principally incorporated as a manufacturer and trader of rough and polished diamonds. It sells diamonds of multiple categories, shapes, cut, sizes and colors.

Companies announce stock split to increase the stock's liquidity in the market. 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.

HSBC sees competition from Swiggy and slowing industry growth to further restrict profitability gains for Zomato in 2023. It said growth acceleration remains more critical now than anytime and all eyes should be on 2023 industry growth.Contrary to expectations, the global brokerage believes Blinkit business will continue to contribute more to Zomato's valuation in 2023

The main monitorable on that front would be the Fed pivot. Covid19 which was a part of almost all conversations in the early part of last year, is again being talked about as reviving, but hopefully doesn’t look that ominous and hence unlikely to cause serious havoc. From an India standpoint, 2023 would also be the year where we could witness few long stuck structural reforms as it’s the last year before the big 2024 General Elections. The Make in India and Atmanirbhar campaigns could see a further push.

While raw material prices have since corrected and Relaxo has passed on the same to consumers, it will be an uphill task for Relaxo to recover the space ceded to competitors," Mukherjea said, adding that Relaxo has also been stepping up its focus on designs, the traction in the shoe market has so far been slow

As a fund house, we always look for sustainable and longer-term growth and it is in this spirit that I opine that the time has come for the industry to participate in broader themes that India needs to focus on through systemic interventions rather than just ask for measures to popularise and incentivise mutual fund participation.

The real estate sector plays a crucial role in driving economic growth. It not only accounts for around 7% of the annual GDP but also provides employment for over 50 million people.

The company is in the right place at the right time and with the right products. The trend has just started. I am confident that Atul Auto has made India’s Tesla in three-wheelers,” said the investor, who is also a director in the company.

The FPO, which will help the conglomerate fund capital expenditure requirements of subsidiaries in green hydrogen, airport facilities and greenfield expressway, will lead to the promoter's shareholding going down by around 3.5% and increase the free float of the multibagger stock.

From an hospital major which has outperformed its sectoral counterparts to India’s best known tech name to an housing finance company with a track record of having lowest NPA for decades. These companies have shown and improvement in their score at time when analysts are revisiting their estimate as global macro once again are witnessing a reset. 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.

Tata Technologies is looking at raising Rs 4000 cr through IPO, as per sources. Tata Motors, which holds 74.42% in the company, and other stakeholders to offer their stake in the proposed IPO. ET NOW's Anurag Joshi is here with the details.

The strong yen of the past several months will also weigh in earnings announcements as the reporting season gets going towards the end of next week, increasing downside risks for stocks, Ikeda added.

In earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results, volatility quotient tends to see a spike. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. 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". This predefined screener is only available to ET Prime users.

The consensus recommendation for the IT firm is a hold. Out of the 26 analysts covering the stock, 17 analysts have strong buy and buy ratings, while only four have strong sell and sell ratings and the remaining five have hold ratings.

The Rs 2,000-crore Kotak fund, an India-focused late-stage alternative investment fund (AIF), primarily focuses on investments in late-stage companies. Investors in the fund as its limited partners include family offices such as Catamaran of Infosys cofounder NR Narayana Murthy, and Skywalker of Rubamin group.

The FPO will open for subscription on January 27 and close on January 31. The company will issue fresh shares on a partly-paid basis under a 100% book-built offer.

The FPO will open for subscription on January 27 and close on January 31. The company will issue fresh shares on a partly-paid basis under a 100% book-built offer.

Analysts flagged multiple reasons for the FPI selloff - expensive valuations due to the recent outperformance of Indian equities over their global peers, reallocation of funds to China and Taiwan for their relatively cheaper valuations, the reopening trade in China and global growth concerns.

"The market falls on two of three occasions in the 30 days post the budget. The probability of such a fall rises to 80% if the market has risen in the 30 days preceding the budget. Only twice in 30 years has the market been up both pre and post the budget," the brokerage said.

Jefferies maintained its buy rating on IndusInd Bank post the December quarter results with a target price of Rs 1600.

Ahead of Union Budget 2023, brokerage LKP Securities has selected some promising stocks, which have the strength and potential to yield decent returns. The brokerage firm believes stocks such as ITC, Power Finance Corporation, and Tata Power will provide good opportunities for the short term. Here is a list of 6 stocks to buy ahead of the Union Budget 2023:

"Markets have very high expectations from the Budget. The market expects the FM to bat like Suryakumar Yadav, bowl like Umran Malik and field like Ravindra Jadeja," says Nilesh Shah of Kotak Mutual Fund.

“We believe Mahindra CIE’s growth story is on track, led by its organic initiatives (new products/customers) and M&A focus. Valuations are attractive at 15x CY24E consolidated EPS,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

But analysts acknowledged that some optimism that possibly prevailed at the start of the January derivative series gradually withered with the continued selling by foreign institutional investors (FII).

Sensex falls 150 points, Nifty below 18,150; Adani Enterprises, IndusInd Bank shed 2% each; YES Bank, Vodafone Idea, SAIL, Rail Vikas Nigam Ltd are among the top movers in morning trade.

“The crucial issue influencing equity markets globally is whether the US will succeed in containing inflation without falling into a recession. There is no consensus on this,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

ICICI Bank’ daily trend is bearish. Although, RSI for weekly and daily is indicating a sideways trend. Based on option chain analysis, the range is between 850 and 900. Let’s plan a trade around this.

The markets on Wednesday rallied and held on to their gains, to close the sessions on a positive note. The financial services stocks, which were recently in a sort of sleep mode, appear to be waking up.

Sectorally, buying was seen in metals, capital goods, telecom, and consumer durables while selling was seen in utilities, auto and power stocks.

The stock has bottomed out at 80 in June 2022. Recently price was observed consolidating in a tight range of 123 to 100. This range also happens to be a parallel channel. Price has now given a breakout of this range and is expected to rise up to the pattern target.

Nifty futures on the Singapore Exchange traded 83.5 points, or 0.46 per cent, lower at 18,138.50, signaling that Dalal Street was headed for a negative start on Thursday. Here are some stocks which are expected to see some action in trade today.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on SAIL and Indiamart while Kunal Bothra has a buy/sell recommendation on HDFC and ONGC for today's trading session. Check out the targets and stoploss.

April was another possibility, she added, since by then the BOJ would have a new governor. "My guess would be that more speculators would look to build positions going into these meetings."

The Fed's benchmark overnight lending rate currently sits in a target range of 4.25% to 4.50%, and investors expect the Fed to lift that rate by a quarter of a percentage point at the end of its Jan. 31-Feb. 1 meeting.

The Fed commentary also highlighted the disparity between the U.S. central bank's estimate of its terminal rate and market expectations, which were of the rate peaking at 4.88% by June. Traders are now betting on a 25-basis point rate hike in February.