The bank has made provisions (other than tax) and contingencies to the tune of Rs 1,878 crore, an increase of 462% over Rs 334 crore provisioned during the same period last year. On the business front, domestic deposits increased marginally to Rs 5.56 trillion in the December quarter, while domestic advances increased 12% to Rs 4.26 trillion.

Nykaa is trading below all its major moving averages, and we are facing massive selling pressure there. Unless the stock crosses Rs 142-143 levels, we can see further downside in this stock below Rs 120 levels. So if anyone is holding the stock, Rs 130 has to be at stop loss below which, we could see deeper cuts in this counter," said Sudeep Shah, SBI Securities

We believe the slowdown impact would be more broad-based, and could be more in the hi-tech segment where clients may not opt for upgrades and rather continue with the current processes,” said Mitul Shah, head of research at Reliance Securities.

"Paytm’s FY23 lending volumes are tracking 90% higher than our earlier estimates, and this, coupled with stronger payment margins, has resulted in the company’s profitability continuing to surprise to the upside," Goldman said in a report.

Tata Metaliks will release its third quarter results later in the day. In the previous quarter, revenues increased by 36% over Q2FY22, largely driven by higher sales volume of both Pig Iron and Ductile Iron Pipe.

However, South Korea faced its biggest monthly foreign capital outflows in almost four years because of an increase in the amount of bonds that matured at the end of the year.

Lane added that rates are now "ballpark" neutral where they are neither stimulating nor holding back growth and the peak will depend on how the economy responds to hikes that have already totalled 2.5 percentage points since July, the paper quoted him on Tuesday as saying.

"Paytm’s FY23 lending volumes are tracking 90% higher than our earlier estimates, and this, coupled with stronger payment margins, has resulted in the company’s profitability continuing to surprise to the upside," Goldman said in a report.

Alibaba in November raised the size of its share repurchase program to $40 billion, increasing it by $15 billion, and said it would extend the time frame for the program through the end of March, 2025.

2023 will be a strong year of earnings for Indian banks, Morgan Stanley said in a note. Traders can deploy a Barbell strategy that could bring better outcomes this year, said the global brokerage.

“The breakout was further confirmed by the presence of higher trading volumes. Additionally, the Relative Strength Index, a momentum indicator, is aligned with the price movement, further indicating the continued uptrend,” he said.

India Inc needs a more copious supplier of skilled workers to deal with the double digit wage inflation we are seeing in factories, in Financial Services firms and in IT Services. More than university graduates, we need youngsters who have practical skills which make them valuable in manufacturing, operations and sales roles. India Inc should be given the license to set up Technical Education Institutes which can impart such practical training and thus drive mass job creation.

Sun Pharma Advanced Research Company (SPARC) is a clinical-stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 following its demerger from Sun Pharma, a global leader in speciality generics.

Key triggers are recovery in GRMs ahead of estimates, faster consolidation in telecom leading to tariff upside in Jio, possible public listing of Jio leading to re-rating valuation multiple, retail biz gaining market share faster than expected and Jiomart GMV beating expectation.

There is more to the IT sector than just five large cap IT stocks. It is mid and small cap IT stocks. While they have been in correction mode for the last six months, if one looks at the bigger picture, after April 2020, mid and small cap companies have gone through a sea change both in their business models, customer profiles and most importantly their valuation matrix. ET screener powered by Refinitiv’s Stock Report Plus lists down large, mid and small cap stocks from the IT sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

With a competitive manufacturing base in India, the UK, the US, and Mexico, along with technical and logistical support worldwide, the company provides optimal product development and manufacturing solutions to its domestic and international customers.

As the market witnesses volatile movement there are few large cap stocks which are still finding favor with analysts. After the recent correction, even Bajaj Finance has come into the list the upside potential 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.

As Q3 earning season and macro numbers continue to make NIFTY stay in in a volatile mode, there are select midcaps which are witnessing an improvement in their scores. A software company from a large industrial house to white goods maker which has a big presence in the industrial cooling segment are the ones which have seen their rating moving up. 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.

In the first Fed meeting of 2023, Powell is widely expected to slow down the pace of interest rate hikes. CME FedWatch Tool shows a 91% probability of a 25 basis point rate hike in the two-day Jan 31-Feb 1 meeting.

Budget 2023 is just round the corner and JPMorgan has come out with their expectations from this budget. The brokerage house sees lower subsidy payments to boost capex allocations and sees net revenue receipts to exceed estimates, ET NOW's Vinnii Motiwala with more details.

In December 2022, mutual funds infused Rs 14,700 crore in the Indian stock market while FIIs sold shares worth Rs 6,300 crore. Key additions by mutual funds in the month of December include newly launched IPO stocks such as KFin Technologies, Sula Vineyards and Landmark Cars. Here is a list of new stocks that mutual funds bought in December, according to a report by Nuvama Institutional Equities:

“The dominant trend impacting the near-term texture of the market is the sustained selling by FIIs for the eleventh time this month. The simple logic behind sustained FII selling is that India is the only large market where FIIs are still sitting on good profits after the disastrous 2022 performance in most global markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.

Sensex flat, Nifty above 17,900; Nykaa falls 4%, Delhivery 2%; YES Bank, Vodafone Idea, IDFC First Bank, Samvardhana Motherson are some of the top movers in morning trade.

“The dominant trend impacting the near-term texture of the market is the sustained selling by FIIs for the eleventh time this month. The simple logic behind sustained FII selling is that India is the only large market where FIIs are still sitting on good profits after the disastrous 2022 performance in most global markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The stock peaked at 509 in Sept 2021 and formed a lower high thereafter at 429 in Sept 2022. Since then the price has been sliding lower gradually. Over the past few sessions price has breached the swing low support of 350 and the recent lower low of 332. Price has faced strong resistance at 349 while attempting a recovery, this level happens to be a Fibonacci retracement resistance.

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.

The markets were largely in the negative territory on Monday, with the Nifty ending the day with a small loss. The information technology stocks have remained muted in the last couple of weeks.

ICICI Prudential Life Insurance Company’ daily trend is bullish. RSI for monthly and weekly are indicating a sideways trend. Based on option chain analysis, the range is between 450 and 500. Let’s plan a trade around this.

Nifty futures on the Singapore Exchange traded 30.5 points, or 0.17 per cent, higher at 17.975.50, signaling that Dalal Street was headed for a positive start on Tuesday. 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. Nooresh Merani has a buy/sell recommendation on Indusind Bank and IDFC while Kunal Bothra has a buy/sell recommendation on IRB Infa and Tata Motors for today's trading session. Check out the targets and stoploss.

Two-thirds of private and public sector chief economists surveyed by the World Economic Forum in Davos expected a global recession this year, with some 18% considering it "extremely likely" - more than twice as many as in the previous survey conducted in September 2022.

The volume behaviour is robust as volumes are higher on up days and lower on down days. The lagging span line has surpassed the cloud resistance with conversion and base line heading north hints at a positive momentum.

Raymond has seen a strong recovery post Covid. It also entered the real estate business using its land parcel in Thane and has started other joint development projects in Mumbai. These projects have a net positive cash flow thanks to land ownership and delivery before schedule.

On Monday, senior advocate Ravi Kadam, appearing for Reliance Capital administrator Nageswara Rao Y, sought a day's time to file his response saying that they had received Torrent's communication quite late.

Under the scheme, the regulator proposes to reward informants up to ₹20 lakh per case or 10% of dues recovered with the help of the tip, whichever is less, said the Sebi board meeting minutes. The informants will also be eligible for an interim reward of up to ₹5 lakh. Also, the identity of the informants will be kept confidential by Sebi.

"Dmart has a formidable business model and the growth opportunity is also large, but it needs an aggressive growth strategy to justify the valuation level it commands," said HSBC in a note after the results. Nearly 19 lakh shares exchanged hands on BSE and NSE, over six times the average daily volume on both exchanges in the past month.

The authority also suggested that a time frame be introduced for reclaiming such shares. As per the proposal, claimants would be able to reclaim their shares if they apply within the stipulated time. Thereafter, the authority would sell the shares and convert them into money and the claimants would get the sale value of shares instead of shares.

The RBI will adopt the ECL approach used in IFRS 9 for prescribing guidelines for loss provisioning by banks. It has also proposed to implement, ECL approach for loss provisioning to all scheduled commercial banks, excluding regional rural banks.

Of the 31 analysts tracking the stock, 30 have a 'buy' or 'outperform' rating while one has a 'hold' rating. On aggregate, these analysts expect the stock price to hit ₹1,904.6, which translates into a 20.1% upside potential from the current levels, showed a Bloomberg poll of analysts.

"This incentive scheme will promote digital payments by incentivising banks to build a robust digital payments ecosystem and to promote RuPay debit cards and BHIM-UPI as low-cost digital payments mode across all sectors and segments of population. In line with the Budget announcement, the scheme will also promote UPI Lite and UPI 123PAY as economical and user-friendly digital payments solutions," the notification said.

AII and RHFL had filed separate but identical appeals seeking the go-ahead for the former's resolution plan to take over the company in June 2021. The offer translates into a 74% haircut on RHFL's total dues of ₹11,541.44 crore.

The central bank has suggested that states consider creating a capital expenditure buffer fund in good times and not treat capex as residual and the first stop for cutbacks.

It has been showing strong outperformance in the last few weeks

"NCC has been showing strong outperformance since the last few weeks. The stock has now witnessed a strong breakout from bullish triangle pattern formation on weekly charts," Gaurav Bissa, VP, InCred Equities, said.

The company plans to disrupt the online retail trading space with three similar revolutionary platforms over the next two years in India and in the US.The Hedged app is available on the Google Play Store, and will be available on the Apple App store later this month.

The brokerage said Jio’s renewed focus on acquiring high ARPU (average revenue per user) customers over the past few quarters could mean that the telco will refrain from implementing a 4G tariff hike in 2023, leading to lower-than-expected Ebitda growth.

Noticee has not submitted the correct details to exchange regarding monitoring of client assets to exchange enhanced supervision framework. It was also observed that the funds of credit balance clients were being used for settlement/margin obligation of proprietary accounts," Sebi's Adjudicating Officer Barnali Mukherjee said in the order

Benchmark equity indices gave up early gains and ended the first trading day of the week on a subdued note on account of profit booking. Selling in metal, oil and gas and financial stocks as FII outflows dampened the investor sentiment.The 30-share BSE Sensex declined 168 points or 0.28% to settle at 60,093 as 15 of its constituents dropped. Nifty closed with a cut of 0.34% or 62 points at 17,895. Analysts are of the view that consistent selling by foreign institutional investors (FIIs) as well as lack of any positive trigger have created nervousness in the market.“Yet again we witnessed selling pressure from higher levels in the domestic markets and this indicates the intent or sentiments of markets. Nifty is stuck in a band of 17,750 – 18,050. Only a breakout or a breakdown from this range would dictate further market trends. Till that time, traders should focus on individual stocks for their trading bets,” said Mehul Kothari, AVP-Technical Research at Anand Rathi.Here are stock recommendations for Tuesday:

"It will be done in piecemeal manner and we are looking at QIP between Rs 500 and Rs 1,000 crore in the current quarter," he said, adding, going forward other means would be explored for dilution of the government's stake.