Prime Minister Narendra Modi will early this week hold a meeting with key finance ministry officials to finalise the February 1 budget, the last full one of this government prior to the 2024 general election, people familiar with the talks said.

The government and LIC together are looking to sell 60.72% in IDBI Bank and had invited bids from potential buyers last October. The two together hold 94.71% in the lender. The successful bidder will have to make an open offer for the acquisition of 5.28% of public shareholding.

The capital markets regulator held a few meetings about a month ago with some of the custodian banks and few large consultants to revisit the proposal to relax conditions on NRIs investing through an FPI vehicle, a registered fund pooled in a tax haven such as Mauritius and Singapore, three persons aware of the discussions told ET.

Various segments of the Indian economy - from policy makers, businesses and the financial system - appear to be singing from the same song sheet, in a turnaround from the earlier discordant notes across the economic spectrum, he said.

The final decision on the FSIB recommendation would be taken by the Appointments Committee of the Cabinet headed by Prime Minister Narendra Modi. The Bureau in November 2022 suggested the name of K Satyanarayana Raju for the position of MD and CEO of Canara Bank. Raju is currently Executive Director with the bank. Raju is likely to be replaced by H S Ahluwalia, a general manager in Indian Bank.

​Indian equities have been underperforming, partly owing to the regional reallocation of money in the new year. This year, foreign portfolio investors have been net sellers to the extent of Rs 14,123 crore in the secondary market.

Most Srei lenders, including State Bank of India, will prefer to vote for the government-promoted bad bank since it has given the highest offer of ₹5,555 crore, the people said. Authum has offered ₹5,526 crore while Arena-Varde team offered ₹4,680 crore. All offers are on a net present value basis (NPV), arrived at by discounting future cash flows.

In his application to the National Company Law Tribunal (NCLT), CCCL promoter R Sarabeswar has offered to pay ₹167 crore in cash and also promised to pay another ₹165 crore to make up for any invoked government guarantees and money received from arbitration claims from the government in the future.

​​Within banks, HDFC Bank, ICICI Bank, SBI and Axis Bank witnessed the maximum amount of reshuffling by fund managers, who were both buyers and sellers in many of these stocks. They, however, purchased mid- and smallsized banks like RBL Bank, Bank of India and South Indian Bank — an indicator of their continued bullishness on the sector.

The stock has given a breakout above the symmetrical triangle pattern on weekly charts which opens room for the stock to scale past Rs 1,400 level in the next 5-7 weeks, suggest experts.

"SBI Life has been maintaining its bull run and can be seen trading in a rising channel with the formation of a high bottom pattern on broader charts. Rise in volumes along with a rise in price points towards the next upswing into the stock," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

While the recent price hikes in the regional market and expectations of better demand in Europe appear encouraging, we would wait for more clarity on stimulus measures in China and their impact on the overall steel demand, it said.

Overall, the revenue growth band of the top-tier IT players was pegged at between 14-20 per cent for Q3FY23, compared to the year ago period. Seen sequentially, the topline growth for the large IT pack ranged between three per cent and eight per cent versus previous September quarter.

The data released on Thursday showed that inflation cooled off to a 12-month low of 5.72% in December, which led to hopes that the rate hike cycle of the Reserve Bank of India may not last long. Similarly in the US, consumer price inflation in December fell for the first time since May 2020

We expect this trend to have gathered more steam in 3QFY23 as banks’ confidence in these product segments increased due to encouraging macroeconomic data despite reasonably tight monetary and liquidity conditions. For this reason, our top picks in order of preference remain HDFC Bank, ICICI Bank and Axis Bank," it added.

Indian indices ended the week on a positive note with Nifty ending 98 points higher at 17,956. Easing inflation and better than expected Q3 earnings by the IT majors is boosting investor sentiment. The broader markets ended weak, with Nifty Midcap 100 ending with a marginal cut.“Easing inflation and brighter Q3 numbers projected by the second set of IT majors are outweighing the cautiousness of the market. CPI in India and US cooled off, thereby bolstering expectations of a less aggressive policy. Falling treasury yields and dollar index are raising investors’ sentiments,” Vinod Nair, Head of Research at Geojit Financial Services, said.Here are stock recommendations for Monday:

While it might not be necessary to understand the options greeks fully in order to be a profitable trader, if the traders can make themselves aware of the very basics of the options greeks, it will surely add value to their trading and help them avoid some common pitfalls in trading. I am of the opinion that if you look at trading as a business, you must consider using options greeks while trading.

According to the data with the depositories, FPIs have made a net withdrawal of Rs 15,068 crore from the Indian equity markets during January 2-13. Only two of the 10 trading days in January to date saw net purchases.

"On the global front, the US market will remain shut on Monday on account of Martin Luther King Jr Day. However, we will have lots of macro numbers from the US, Europe and China. Apart from this, movement in crude oil prices, US bond yields and the dollar index will be other important factors," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) were the gainers, Reliance Industries Limited, State Bank of India and Bharti Airtel faced erosion from their market valuation.

After the NBFC crisis in 2018. Regulatory changes happened across the board in the financial sector. Whether it was NBFC or small finance bank space, the post NBFC crisis made life tough for all players. After a period of 4 years, while the clean up is still on. Some companies have emerged stronger after all the changes. The companies in the list are covered by a minimum count of 3 analysts. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The importance of having high-dividend-yielding stocks in one’s portfolio is realized by majority at the time of correction, the one which is being witnessed. For the purpose of this report, we had kept the dividend yield of at least 10 percent as a benchmark. Another condition was that the company should have a track record of paying dividends in the last four of the five years.

The incremental additions of such accounts were 21 lakh in December 2022, compared to 18 lakh each in October and November and 20 lakh in September, according to an analysis by Motilal Oswal Financial Services.

PEG ratio is much better compared to the commonly used P/E ratio. It helps us to avoid stocks which might appear cheap but actually are not value buys. Especially in sectors like banking and financial services which have large numbers of stocks which on face of it appear cheap but are actually not. Also in sectors which are cyclical in nature, looking at the price earning matrix may lead to wrong decisions. The selected list applies different algorithms for all BSE and NSE stocks. For the purpose of this article, we have taken only NSE stocks into consideration.

Recognizing their role, the Indian government decided to permit FPI investment in InvITs and REITs (referred to as ‘business trusts’) in 2016. This was aimed at increasing liquidity and attracting capital for InvITs and REITS, leading to wider participation by global investors.

In the past, investors building their portfolio were often constrained by a home-country bias. This geographic approach led investors to focus on their home markets that they were familiar with, which often caused them to miss some of the best performing global businesses in the past ten years.

Nifty has declined nearly 0.8% in the last week, however, 10 stocks crossed their previous week's high value at the close on January 13. This suggests bullishness in counters, according to stockedge.com's weekly breakout scans data. Here's a list of 10 stocks to track this week:

We still think that the RBI would not turn too restrictive. But we reckon the situation is fluid and the extent of global disruption and disinflation will remain key to the RBI’s reaction function ahead,” economist Madhavi Arora at Emkay Global Financial Services said.

The GST on all medical services should be scrapped and a compulsory discount on medicine should be implemented where such medicines have to be bought in hospitals, as well as limiting the MRP of medicines to no more than twice the price at which the company sells them to distributors.

Even as NIFTY gets into correction mode once again, there are some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

This will lead to weaker exports for some more time. India’s CAD rose to 9 years’ high of 4.4% of GDP in the quarter ending September 2022 from 2.2 % in the preceding quarter

Moreover, adding too many stocks can be tedious as you won’t be able to keep a check on each company’s quarterly reports, annual reports, balance sheets, and other financials.

Normally, HUL, Nestle, Dabur are names which are associated with the FMCG sector. We look at different sectors which may not come to mind when someone mentions the FMCG sector but given the nature of their business, product and earnings trajectory they are as good as FMCG stocks only. 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".

Since most index funds are under the largecap category, it can be derived that higher inflows to index funds are occurring at the cost of lower inflows and outflows to actively managed large-cap funds.

In December 2022, mutual funds poured Rs 14,700 crore into the Indian secondary market, at a time when FIIs sold Rs 6,300 crore. Key additions by MFs in December were in HDFC, Reliance Industries and Maruti Suzuki, whereas they trimmed holdings in Axis Bank and ICICI Bank. Here is a list of stocks that mutual funds bought and sold ahead of Q3 results, according to a report by Nuvama Institutional Equities:

Net open interest, the total number of outstanding positions, in Infosys' stock futures declined as much as 7%, or by roughly 28.6 lakh contracts, in the previous two sessions indicating squaring-off of bearish bets, showed provisional data from stock exchanges.

Similarly in the US, consumer price inflation in December had fallen for the first time since May 2020. Buoyed by these encouraging data points, indices on Friday ended in the green, which helped them clock marginal gains for the week.

“Patience while allocating new capital or fresh money. So don’t get bogged down by FOMO (fear of missing out), and jump into the market, wait for the right opportunity, get the right price, if you are incrementally allocating capital and don’t stop your SIPs,” Jimeet Modi, Founder & CEO of Samco Group, said.

It's good news, but it complicates one crucial aspect of the Fed's job as the gap between what the central bank says it will do and what financial markets think it will do threatens to get wider

Net open interest, the total number of outstanding positions, in Infosys' stock futures declined as much as 7%, or by roughly 28.6 lakh contracts, in the previous two sessions indicating squaring-off of bearish bets, showed provisional data from stock exchanges.

At 10:07 a.m. ET, the Dow Jones Industrial Average was down 43.22 points, or 0.13%, at 34,146.75, the S&P 500 was down 15.71 points, or 0.39%, at 3,967.46, and the Nasdaq Composite was down 33.05 points, or 0.30%, at 10,968.06

Given the macroeconomic headwinds in the Western economies, the medium term scenario looks challenging for the company and for the sector

The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, aggregating to Rs 2,079 crore, bulk deals data showed

The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their 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

The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their 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

Cautioning investors, NSE asked investors not to trade in the securities markets based on the tips or recommendations provided by unregistered investment advisers or portfolio managers. Investors should not get lured by such trading tips and stock-specific recommendations.

Dynasty Acquisition (FPI) offloaded a total of 79,96,867 shares in eight transactions, amounting to a 2.14 per cent stake in the company, according to the block deal data available with the BSE.

The Dow Jones Industrial Average fell by 257.18 points, or 0.75%, at the open to 33932.79.

"The U.S. economy currently remains strong with consumers still spending excess cash and businesses healthy," said Chief Executive Officer Jamie Dimon, although he said he didn't yet know "the ultimate effect of the headwinds coming." The bank flagged a modest deterioration in its macroeconomic outlook, "reflecting a mild recession in the central case".

The capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should also be locked in within the same period of five years.Apart from meeting alternate eligibility routes, the regulator has suggested additional criteria as well as safeguards that would be applicable for PEs to qualify as a mutual fund sponsor.