Ace investor Ashish Kacholia publicly holds 44 stocks with a net worth of over Rs 1,844.8 crore, as per the latest corporate shareholdings filed. In the December quarter, Kacholia added two new stocks -- Goldiam International and Raghav Productivity Enhancers -- to his kitty. Here is a look at 2 new additions and 4 other stocks where Kacholia increased stake, according to data available on Trendlyne.

It can be observed that post a strong first leg of the up move from the level of Rs 15.85 to Rs 99.85 (31.30.2020-31.03.2021), this stock witnessed a correction closer to 61.80% of its previous up move at Rs 52.20 level in four back-to-back quarters (30.09.2021 -30.06.2022).

On the options front, the weekly maximum Call OI is placed at 18,000 and then towards 18,100 strikes while the maximum Put OI is placed at 17,900 and then towards 17,800 strikes.

Deputy MD of IMF, Gita Gopinath shares the outlook for 2023 and where she sees global inflation headed. Watch!

If the quantum of hike in tax is around this level, then Jefferies believes ITC can absorb it by passing on to consumers and not seeing any major hit to volumes. The sector has seen notable recovery in legal cigarette volumes this year, while most other parts of consumption have seen sharp inflation in the past three years.

“India’s current underperformance is likely to be temporary since India has the best growth and earnings prospects among large economies. However, concerns of a global slowdown this year and the possibility of FIIs again turning sellers at higher levels will cap the upside to the market in the near-term,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Sensex flat, Nifty holds above 18,050; ICICI Lombard falls 4%, Bank of India 3%; Bank of India, Tata Steel, Delta Corp are some of the top movers in morning trade.

HDFC Bank’ daily trend is sideways. RSI for monthly and weekly is indicating a bullish trend. Based on option chain analysis, the range is between 1600 and 1700. Let’s plan a trade around this.

Nifty futures on the Singapore Exchange traded 46 points, or 0.25 per cent, higher at 18,122, signaling that Dalal Street was headed for a positive start on Wednesday. Here are some stocks which are expected to see some action in trade today.

The markets on Tuesday opened on a strong note and ended with a net gain, despite some profit-taking during the day. Though there is no clear sectoral leadership, the FMCG Index is showing some improvement.

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 ICICI Bank and BEL while Kunal Bothra has a buy/sell recommendation on HDFC and Ultratech Cement for today's trading session. Check out the targets and stoploss.

Participants in the January poll were “a lot less bearish” than in the fourth quarter, sparking a rotation to emerging markets, Europe and cyclical stocks, and away from pharmaceuticals, technology and the US, strategists led by Michael Hartnett wrote in a note. Allocation to US equities “collapsed” during the first month of 2023, with investors a net 39% underweight the asset class, they said, exceeding even the UK’s 15%.

At the lower level stock made a double bottom and gave some pullback to make a high around 1151 levels. In the last 4-6 week’s price moved in the consolidation phase taking support of multiple bottoms and facing the resistance of multiple tops in the last two weeks with high volume price has breached the pattern and closing above indicate further upside rally.

A sharp slowdown in net hiring, muted growth outlook in 4Q and a potentially slower conversion of bookings to revenues points to a sharp growth moderation for Indian IT firms. However, falling attrition and ongoing improvement in the employee pyramid should support margin recovery

Deep Diamond provides a varied range of 18k real diamond jewellery and solitaires and has been in the business for about 25 years. The company has its own manufacturing facility, which gives it a competitive advantage over other retailers in pricing.

Goldman Sachs Group Inc slumped 6.44% after the bank reported a bigger-than-expected drop in quarterly profit and was the biggest drag on the price-weighted index. A stock's share value is proportional to its contribution to the index, in contrast to the market capitalization-weighted S&P 500.

The BOJ's official two-day meeting will end on Wednesday and speculation is rife it will make further changes to its yield curve control (YCC) policy, given that the market pushed 10-year government bond yields above the policy cap of 0.5% in the past three sessions.

According to Santosh Pandey, president & head of Nuvama professional clients group, after the Covid outbreak, Chinese stocks have seen a decent correction. Compared to India, which currently has a 12-month forward price-to-earnings (PE) multiple of almost 20x, the Chinese market is available at a PE of 10x-12x. “This makes the Indian market less attractive on a like-to-like comparison,” he said. India’s average long-term valuation was around 16x.

IndusInd Bank will report its earnings for the December quarter on Wednesday. The bank is expected to report strong growth in income on the back of a steady rise in loan book, but analysts’ view on the margin performance remains mixed.

Allocations for sectors that have seen a high impact on the ground under active PLI schemes such as electronic manufacturing and IT hardware could be raised, people familiar with the deliberations told ET. Finance minister Nirmala Sitharaman had in the FY22 budget announced ₹1.97 lakh crore for PLI schemes that now cover 14 key sectors. This incentive amount, which is for the five-year period beginning FY22, may be raised in the budget.

Netherlands’ largest lender examining books, top brass was in India recently.

The promoters - NTPC, NHPC, Power Finance Corp and Power Grid Corp of India - hold a combined stake of around 16% in PTC India. Damodar Valley Corp, which owns a 3.3% ownership, has also decided to divest its shareholding.

The capital markets regulator proposed that the Unified Payments Interface (UPI) mandate service of a single block and multiple debits can be integrated with the secondary markets to enable clients to block funds in their bank account for trading in the secondary market, instead of transferring it upfront to the trading account maintained with the broker.

Momentum remained strong in the stock, which rose more than 3% in a week and over 35% in the last 6 months

The stock has the potential to rise by 12-35% from current levels as per analysts' fresh price targets after the results. On Tuesday, shares of Federal Bank fell 1.1%, surrendering early gains, to close at ₹138.75. It had touched an all-time high of ₹143.40 on Monday.

Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and HDFC Bank, they said, while some small private players like City Union Bank and DCB Bank may have to accelerate provision buffers and raise capital faster.

"Our refreshed analysis suggests Paytm's current share price is already pricing in multiple headwinds, with the stock trading close to its bear-case implied value; we see risk-reward as skewed to the upside," said Goldman.

The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32

"L&T Finance Holdings has been trading in a prolonged corrective phase after making a record high around 194 levels in 2017 and finally witnessed a breakout from the same of late," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The move will allow ITC to expand presence in the Rs 45,000 crore fast growing, nutrition-led healthy foods space. ITC said this deal is in line with its ‘ITC Next’ strategy articulated by chairman Sanjiv Puri that focuses on building a future-ready portfolio of products that serve evolving consumer needs

Equity benchmarks shrugged off lacklustre global cues to clock smart gains on Tuesday, buoyed by strong buying interest in index heavyweights Reliance Industries and HDFC twins. Nifty reclaimed 18,000 levels and ended at 18,053.3, while Sensex rose to 60,655. Meanwhile, broader markets were dragged down, with Nifty Midcap 100 ending 0.11% lower.“Nifty remained volatile throughout the day before closing on a strong note. On the daily chart, the benchmark Nifty has given a falling wedge breakout, suggesting a rise in optimism. The RSI momentum indicator has indicated a falling trendline breakout. The current technical setup suggests near-term strength, which may take Nifty towards 18,250–18,270. On the lower end, support is visible at 17,850,”said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Wednesday:

The three oil marketing companies (OMCs) did not change prices beginning April 6 despite cost of raw material rising. This led to the three booking a combined loss of Rs 21,000 crore during April-September 2022

The deal for the portfolio that has an annual revenue base of 850 million rupees, will be financed through borrowings, and the transaction is expected to achieve financial closure very soon, Eris said

The Dow Jones Industrial Average fell 80.29 points, or 0.23%, at the open to 34,222.32

ITC will buyout the company in tranches over a period of 3-4 years

The Union government imposed the windfall tax on crude oil and petroleum products in July 2022 in the wake of rising international prices to lower the petroleum subsidy burden. In the recent fortnightly review, the tax dropped to $3.2 per barrel compared with $40 per barrel in July. Crude oil prices have moderated in the last few weeks falling by nearly 38% since June 2022

The Securities and Exchange Board of India's (SEBI) move follows one by the Reserve Bank of India to allow a one-time blocking of funds in bank accounts and multiple debits through the unified payments interface (UPI) real-time payments system.

ITC will buyout the company in tranches over a period of 3-4 years

Lotte Confectionary, which acquired Havmor Ice Cream for Rs 1,000 crore in December 2017, has positioned the home-grown brand in the mass affordable segment

Private sector lender IndusInd Bank is expected to report strong growth in income for the quarter ended December on the back of steady rise in loan book, but analysts’ view on the margin performance remains mixed. Let us look at the broad expectations of analysts.

The deal for the portfolio that has an annual revenue base of 850 million rupees, will be financed through borrowings, and the transaction is expected to achieve financial closure very soon, Eris said

The benchmark index Sensex closed higher, gaining about 560 points to 60,655 on Tuesday. Despite this rise in markets, five stocks from the BSE commodities index slipped to touch their new 52-week lows.The 52-week low is the lowest price at which 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

In the December quarter, the investor added fresh stakes in Raghav Productivity Enhancers and Golidam International. Other than these, he has upped stake in Agarwal Industrial Corporation, Yasho Industries, Megastar Foods and Xpro India.

According to Sehul Bhatt, an associate director at the agency, operating margins in the automobile, metals and construction sub-sectors, which had contracted in the second quarter, reversed trend sequentially in the third quarter. Of the 20 sectors expected to outpace driven by the growth in revenues, 10 should see a margin contraction and five marginal improvement

A large part of the demand for hotels comes from corporate or business travellers. In 2023, political events such as the G20 summit and Shanghai Cooperation Organization (SCO) summit are likely to further boost corporate travel. For leisure travel, analysts expect demand to sustain due to the rise in short-distance trips, bespoke experiences which involve exploring the uniqueness of a location through local food and culture, and Cricket World Cup 2023.

The underlying short-term trend of Nifty is positive. The market is currently placed at the edge of the upside breakout of the consolidation or triangle pattern around 18100 levels.

"India has exported drugs and vaccines to over 150 countries globally during the pandemic. Presently, medical counter-measures availability is being linked to national security and India can ensure playing a proactive role in ensuring health security for 'Global South' & LMICs (Low and Low Middle Income Countries)," he said.

"The Budget is expected to maintain its focus on domestic manufacturing revival and PLI schemes for labour-intensive sectors. Most importantly, instead of going populist, the Budget is expected to keep post-Covid fiscal consolidation, divestment and reduction of subsidies as its priorities,” she said.

From the Sensex pack, L&T was the top gainer, rising over 3.5%. HUL, HCL Tech, HDFC Bank, HDFC, Reliance, UltraTech Cement and TCS also closed with gains.

Asian shares and U.S. futures dipped after China's economic growth in 2022 slumped as the fourth quarter was hit hard by strict COVID-19 curbs and a property market slump, raising pressure on policymakers to unveil more stimulus this year.