Shareholders can counterbalance market losses against gains and carry forward any residual losses to subsequent fiscal years to lower their tax liability.

Equity MFs have seen the highest inflows in 9 months at Rs 15,685 crore

March 17 has been fixed as the record date. On the ex-split date, investors holding the stock till the record date will receive new shares in demat accounts.

Closing Bell: Sensex falls for 5th straight session, ends 344 pts lower; Nifty slips below 17K; RIL, Bharti Airtel shed 2% each

Banking, financial and IT stocks were under heavy selling pressure

Major northern Asia banks mostly have “minimal risk of the sudden run on deposits that crumpled Silicon Valley Bank” given their solid deposits, asset mixes and liquidity, Bloomberg Intelligence analyst Francis Chan wrote in a note, “Smaller lenders may harbor liquidity and credit risks that could easily be overlooked.”

Sona's revenue potential over a 10-year period, based on orders under execution and unexecuted order book, has risen 50% in the last 6 quarters, reflecting a strong capability to secure new contracts. The acquisition of a 54% stake in Serbian start-up Novelic adds a new business line of ADAS sensors.

H&M, the world's No.2 fashion retailer, reported a 12% increase in December-February net sales, but analysts said the results were 'somewhat disappointing'. Shares of H&M fell more than 5%.

"The rapid rises in interest rates and global debt levels could cause significant negative spill-over effects and may negatively impact the global growth dynamic," Reuters reported, quoting the Organization of Petroleum Exporting Countries.

Right from an animal feed maker to an exporter of poultry products, a number of companies which are part of the rural economy are likely to be beneficiary as policy makers focus on increasing rural incomes.

Nazara informed that both the companies -- Kiddopia Inc and Mediawrkz Inc -- have been given unrestricted access to the entire amount of USD 7.75 million (Rs 64 crore) that was held at SVB.

The Nikkei had a volatile session, but recovered in the final 15 minutes of trade to close steady at 27,229.48. Over the previous three days, the benchmark had slumped nearly 5%.

In a push to expand its postpaid base, Jio Tuesday announced two new individual and family postpaid plans starting at Rs 299 and Rs 399 respectively Tuesday evening. In a marked move to attract customers from Airtel and Vi, post-paid users porting out of other carriers do not need to pay any security deposit.

From the record highs, benchmark indices have corrected about 10% and this helped remove some froth over valuation. Valuations are closer to the fair value with Nifty50 trading at around 18 times its one-year forward earnings estimates.

“Though markets remain volatile, retail investors seem to be more attracted towards mutual funds..Valuations in small caps have reached an attractive level and the same has been reflected in a better inflow of Rs 2,246 crores in the segment,” Kumar, head of investment advisory at Geojit Financial said.

There are multiple ways to select stocks on quantitative parameters, Some based on financial parameters and others on valuation parameters. We looked at the stocks where the differential in two most used PE ratio parameters, forward and trailing P/E ratio is indicating a potential increase in earnings. When used alone, the price earning valuation metric may not be a good indicator however its efficacy increases when compared with its last 5 years average multiple. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential of more than 20% over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Shriram Housing Finance is a unit of Shriram Finance, one of India's largest non-banking finance companies formed by the merger of Shriram Capital, Shriram City Union Finance and Shriram Transport Finance in November.

The hiring is being seen as Axis Bank's broader plan to boost business, ET Now reported quoting agencies.

"The company received the work order from the Centre for Development of Advanced Computing for supply, installation, integration, testing and commissioning of IT infrastructure in greenfield data centres at New Delhi and Bengaluru along with training and support," RailTel Corp said in a BSE filing.

Kotak has a buy rating on RIL with a target price of Rs 3,000 and an add rating on Airtel with a target price of Rs 875. Airtel remains a consensus pick on Dalal Street with 25 out of 30 analysts covering the stock giving it a buy rating.

“Recently, the stock gave Range breakouts & made a high of 77.5 accompanied by supportive volumes above the previous 4 swing Highs. The Aroon Up/Down Demand Index & MACD Indicator suggest a Possibility of Strong up Move on Positive side move,” highlights Gala.

Existing investors who have not submitted nomination details till date and intend to submit their nomination or opt out of nomination will be allowed to do so by way of two factor authentication login on trading platforms for stock brokers or depository participants providing such service.

“Though markets remain volatile, retail investors seem to be more attracted towards mutual funds..Valuations in small caps have reached an attractive level and the same has been reflected in a better inflow of Rs 2,246 crores in the segment,” Kumar, head of investment advisory at Geojit Financial said.

A veteran of two decades at the Swiss bank, Mishra has agreed to helm Axis Bank’s research department, the people said, asking not to be named as the information is private. He is part of Indian Prime Minister Narendra Modi’s Economic Advisory Council and head of research at Credit Suisse’s local unit, according to the bank’s website.

Commodity and currency expert Anuj Gupta gives his intraday trading strategy on bullion. Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said that current fall is not a material development but a small correction. He remains bullish on the prospects of bullion, he added.

According to the data available with the exchanges, Quantum Mutual Fund picked up about 2.63 lakh shares at an average price of Rs 588.87, while Sageone Investment managers bought 3.6 lakh shares.

"Its payments consumer and merchant base offers a large addressable market, thereby providing a long runway for growth. We continue to work with our partners to remain focused on the quality of the book," the company said.

Market share has bottomed out, and new UV models should boost market share. The semiconductor supply chain should ease out and Maruti Suzuki is well-equipped for the new CAFÉ and OBD II norms, according to the note.

From the Sensex pack, Maruti, Titan, Asian Paints, and IndusInd Bank were top gainers, rising 1.5-2%. Power Grid, Bajaj Finserv, L&T, and Tata Steel also opened with gains.

On the weekly options front, the maximum Call OI is placed at 17,500 and then towards 17,400 strikes while the maximum Put OI is placed at 17,000 and then towards 16,800 strikes.

The SVB episode has sparked fears of a financial crisis leading to a drop in crude oil price. While WTI sank to its lowest level since December, Brent dipped to its lowest level since early January. As India imports most of its oil requirements, a fall in crude oil rates is seen as a positive for India.

Sensex rallies over 500 points, Nifty above 17,150; IndusInd Bank, Maruti Suzuki gain 2% each; RIL, Tata Motors, ICICI Bank are some of the top movers in morning trade.

“We expect the strong momentum to continue for Indian Hotels in FY23-25, led by: a) a further improvement in ARR and occupancy due to favorable demand-supply dynamics; b) higher income from management contracts; and c) unlocking value by launching the reimagined and new brands,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The price of this company has been rising gradually in an uptrend. However, it has shot up 27% from the low of Rs 2,300 made in February and now appears unstable. The price has formed a back-to-back Doji candlesticks at the top and thereafter it has started correcting. In the short term, the price is expected to test its recent swing low.

On the performance of benchmark index Nifty50, Osho Krishan, Senior Analyst - Technical & Derivative Research at Angel One said that Nifty50 continued its southward journey for the fourth consecutive session to test sub-1700 levels, inferring weakened sentiment.

So far in 2023, Nifty declined over 6% amid concern over high inflation, recession fear and the recent collapse of Silicon Valley Bank in the US. However, a host of brokerage firms have initiated Buy coverage on a number of stocks. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 37%. These stocks belong to various industries such as ports, precision-bearing cages and line pipes. Here is a list of 6 stocks on which brokerages initiated coverage:

Nifty futures on the Singapore Exchange traded 95.5 points, or 0.56 per cent, higher at 17,207, signaling that Dalal Street was headed for positive start on Wednesday. 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. Kunal Bothra has a buy/sell recommendation on Titan and Canara Bank while Nooresh Merani has a buy/sell recommendation on SBI and United Spirit for today's trading session. Check out the targets and stoploss.

The markets again slipped on Tuesday, with the Nifty ending the day with a significant loss. Technically speaking, there is hope of a rebound in the markets as the Nifty level of 17,000 is being defended.

Silicon Valley Bank’s technology startup clients and investors fled last week, spurring the second-biggest bank failure in US history. The swift collapse of the lender sent ripples through the tech and finance industries, prompting the government to protect client deposits.

As recently as last week, markets were braced for the return of large Fed hikes but the swift collapse of SVB has changed those expectations, with market pricing in an 80% chance of a 25 basis point hike next week.

In the last month, the price has once again moved in the range of Rs 2,125-2,250 odd level and in the current week with relatively high volume the price broke the range and closed below the Rs 2,125 odd level.

The stock has outperformed the Nifty50 over a 12-month period giving returns of more than 34% against 2.6% returns given by Nifty50 and negative 11% returns given by the Nifty Small Cap 100 according to a data sourced from Trendlyne. The stock is a constituent of Nifty Small Cap 250.

All three major U.S. stock indexes closed sharply higher, with the S&P 500 and the Dow gaining more than 1% and the tech-heavy Nasdaq surging more than 2%, after several sessions of risk-off turmoil driven by the fallout surrounding the implosion of Silicon Valley Bank and Signature Bank.

All three major U.S. stock indexes closed sharply higher, with the S&P 500 and the Dow gaining more than 1% and the tech-heavy Nasdaq surging more than 2%, after several sessions of risk-off turmoil driven by the fallout surrounding the implosion of Silicon Valley Bank and Signature Bank.

NBCC has bagged an order from the Puducherry government for the construction of a medical college and hospital at Karaikal. The order value is at Rs 500 crore.

In 2018, ICICI Bank reported its worst asset quality in a decade amid dwindling return ratios. Gross bad loans more than doubled in three years to 8.8%, while return on assets (RoA) halved to 0.9%. As Bakhshi moved to the granular retail lending from bulk corporate loans, gross bad loans fell to a seven-year low of 3.6% in fiscal 2022, while RoA crossed 2%.

The report notes that banks have drawdown Rs 5 lakh crore from the reverse repo window in FY23, which has enabled them to address a surge in the gap between incremental credit and deposits, but this will not be available in FY24. Therefore, MCLR will show a significant rise, the report noted.

Last week, the NCLT approved Suraksha Realty's takeover of the debt-laden Jaypee Infratech dismissing three different appeals against the ₹7,936 crore offer by the Mumbai-based company. The fresh appeal by JAL challenged the calculation of the ₹750 crore kept in an escrow account out of which the NCLT has ruled that only ₹91 crore will be transferred to JAL while the rest will be transferred to Jaypee Infratech

Union Bank had put on sale a ₹410-crore loan of bankrupt Visa Steel and set the reserve price at ₹164.28 crore, entailing a recovery of at least 40%. For the ₹212-crore debt to Hotel Horizon, the reserve price was set at ₹165 crore, seeking at least 77% recovery.