Indian indices ended in the green for the second straight session on Wednesday led by gains in metal stocks. From the Nifty pack, Hindalo, Tata Steel, L&T, UPL and HDFC led the list of gainers, while laggards included Tata Motors, HDFC Life, UltraTech Cement, Adani Enterprises and BPCL.“Nifty rose for the second consecutive session on January 18 driven by positive Asian cues and dovish signals from the Bank of Japan this morning. Metal stocks continued to rise post China reopening. Nifty could face resistance from 18,265 while the 18,049-18,072 band could provide support,” said Deepak Jasani, Head of Retail Research, HDFC Securities.Here are stock recommendations for Thursday:

The Nasdaq Composite gained 75.84 points, or 0.68%, to 11,170.95 at the opening bell

India's P/E contracted by around 5% from the peak of 19.9 times at the beginning of the year as stock prices remained subdued across some of the key sectors, reflecting an uncertain demand environment though the 12-month forward earnings per share (EPS) showed improvement. The P/E contraction was higher in steel, energy, pharma and IT sectors.

Earlier, alternative investment strategies were used by large institutional investors to hedge their portfolios with allocations to real estate and private equity primarily. However, with the emergence of pooling vehicles like Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trust (InvITs), the investor base for alternative assets have become broader.

"Our third quarter revenues witnessed 0.3 per cent growth over last year. This has been in the backdrop of erratic rainfall in the domestic market and headwinds in international business. During the quarter, our domestic crop protection business grew by 7.7 per cent, crop nutrition business by 22 per cent," Rallis India Managing Director and CEO Sanjiv Lal said.

The benchmark index Sensex surged about 390 points to 61,045 on Wednesday. During this rally, 5 stocks from the BSE 500 index managed to record 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.

Lalwani collected funds by providing unregistered investment advice to investors through his proprietary firm Capital Yield Research and Advisory from December 2015 to September 2016. Thereafter, he mobilised capital through his proprietary firm Secure Investor Investment Advisory between August 2016 and July 2017.

Under the FPO, the employee quota has been fixed at 5%, retail at 35%, non-institutional at 15%. Anchor investor bidding date for the FPO has been fixed on Jan 25.

Fear gauge index India VIX was down 0.98% from 14.59 to 14.44 levels. Volatility cooled down from higher zones and needs now to come below 14 zones for stability to resume.

Closing Bell: Sensex surges for 2nd day, ends 390 points higher; Nifty tops 18,150; Siemens, SAIL rise 4% each.

From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains

According to Nuvama Wealth, if the merged entity continues to have foreign investment limit above 15%, one could see incremental inflows of close to $2.5-3.0 billion ahead of the adjustment of the weightage in the MSCI index.

Delta Corp is engaged in the operation of the casino. Its segments include real estate, gaming, hospitality and others. The company operates its gaming and hospitality businesses under the DELTIN brand. It owns three casinos in Goa, including Deltin Royale, Deltin JAQK and Deltin Caravela.

Anchor investor bidding date for the FPO has been fixed on Jan 25. The company will issue shares on a partly-paid basis, ET Now reported.

"We believe that the strength in gold prices will sustain in CY23 because of the expected deterioration in the broader macroeconomic indicators both in India as well as globally," it said in a report.

The impact of the budget on the market has been on a secular decline albeit actual performance is a function of pre-budget expectations (measured by market performance ahead of the budget). Market participants still need to negotiate volatility,Desai said in a pre-Budget report.

While retail is normally associated with large stores, the retailing landscape is changing. Speciality retail is finally catching up to investors. A jewellery retail chain would have a different cycle when it comes to earnings. A spike in gold prices may not be as positive as it might appear to be for them and a wedding season is more important than even the festive season. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from the different sectors with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

The company continued to lose share in this segment, with a share of 13.7% in the third quarter as against 15.7% in the same period of last year. The claims ratio in this segment was high at 73%, up 120 bps year-on-year (YoY).

The company's mined metal output during the September quarter was at 2,55,000 tonne, up 2.8% YoY on the back of better grades and improved mill recoveries. Hindustan Zinc's integrated metal production in the second quarter of 2022 was 2,46,000 tonne, up 17.5% year-on-year.

"Global news flows would continue to dominate the outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is still elusive. Post CNY demand would be key for further rerating," said brokerage firm CLSA.

The consensus recommendation from 17 analysts for the new-age tech stock is a buy. Out of the 17 analysts covering the stock, 13 have strong buy and buy ratings, while only one has a sell rating and the remaining three have hold ratings.

Consumer inflation has been easing for six straight months, raising hopes the Fed could soon consider softening its policy on interest rates, even though it has said it will keep raising rates this year and expects no rate cuts until 2024.

While some voices state that it is time for the government to moderate its FY24 target given that it has missed its targets the last 3 years, it is likely the Govt would continue to set an aggressive target given the background of growth push with government spending.

While retail is normally associated with large stores, the retailing landscape is changing. Speciality retail is finally catching up to investors. A jewellery retail chain would have a different cycle when it comes to earnings. A spike in gold prices may not be as positive as it might appear to be for them and a wedding season is more important than even the festive season. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from the different sectors with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Every business has its own operating matrix, while some businesses require a constant dose of capital, for example banking is one of them. There are some which may require a higher amount of capital but that would be a one time requirement setting up a speciality chemical plant or for that matter setting up of any manufacturing units. In both cases, what is more important is how efficiently the management uses capital so that shareholder returns are maximized. 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".

The stock was last trading at Rs 77.55, up 4.16% from previous close. In the last one year, the stock has more than doubled investors' wealth, rising 106%. On a year-to-date basis, the scrip

Meanwhile, the net NPA ratio stood at 1.61% for the quarter under review. The provision coverage ratio (PCR) came in at 90.27% at the end of the December quarter against 88.96% in the September quarter.

Oravel Stays Ltd, which operates travel tech firm and brand OYO, on Wednesday said it will refile its draft public listing application by the middle of next month. Earlier this month capital markets regulator Sebi had asked the company to refile the draft initial public offering (IPO) papers with certain updates. ET NOW's Sharad Dubey has more details as he also explains the positive triggers for Oyo.

“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.

However, NBFCs are unable to borrow from the market or from the banking system. By reintroducing the partial credit guarantee scheme, banks can extend financial support to the NBFCs for onward lending and extend much-needed credit to the MSME sector.

Every business has its own operating matrix, while some businesses require a constant dose of capital, for example banking is one of them. There are some which may require a higher amount of capital but that would be a one time requirement setting up a speciality chemical plant or for that matter setting up of any manufacturing units. In both cases, what is more important is how efficiently the management uses capital so that shareholder returns are maximized. 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".

I would also expand the tax relief for MSMEs, rationalise GST and boost credit growth in small and medium enterprises. In addition, I would expand the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) for emergency help for SMEs.

Credit Suisse maintained an outperform rating on Bank of India with a target price of Rs 110. Core profitability has improved, and the provisioning remains elevated, it said.

The budget should focus on encouraging private investment through tax incentive to accelerate growth. This can include things like tax credits, deductions, exemptions, and other financial incentives to encourage entrepreneurs.

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.