From the 30-share pack, Bajaj Finance and Bajaj Finserv were the top losers, falling over 6%. ICICI Bank, Power Grid, Titan, Infosys, Axis Bank, Wipro, and Tech Mahindra were also traded with cuts.

In November, Muhurat trading will be held on November 12 to celebrate the auspicious Diwali-Laxmi Pujan. Later, on November 14, the markets will be shut for Diwali Balipratipada. Then, on November 27, the markets will be closed to observe Gurunanak Jayanti.

From the 30-share pack, Bajaj Finance and Bajaj Finserv were the top losers, falling over 6%. ICICI Bank, Power Grid, Titan, Infosys, Axis Bank, Wipro, and Tech Mahindra were also traded with cuts.

Analysts say auto demand is recovering from its worst slowdown in decades, and they expect 12-18% volume CAGR for passenger vehicles, two-wheelers, and trucks over FY23-25E. Strong top-line growth with improving margins should fuel double-digit EPS CAGR for most OEMs, the report said.

While the urban and premium categories maintained a steady pace of growth, "recovery in rural demand was not as discernible as retail inflation stayed at elevated levels," Marico said.

Likhitha Infrastructure got listed on exchanges on 15 October 2020. It made a decent market debut as the scrip got listed at Rs 130.10 on BSE, an 8.41% premium over its issue price of Rs 120. Since the listing, the stock has surged 105% from the issue price.

One of biggest vehicle makers to speciality chemical company which was one of biggest wealth creators at the time of covid and had embarked upon an ambitious expansion plan and two energy sector companies are among the select stocks which have seen their scores getting improved in a market which is turning volatile once again. 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.

While a large majority of small cap stocks are still in correction mode, there are select stocks where analysts have turned positive in the last one year and for good reason. Some of these stocks are from niche areas like luggage making to a paint company which specializes in one segment of the very broad paint industry. 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.

Global brokerage CLSA, which has maintained a sell rating on the stock, pointed out that the lender's loan growth was slow despite the festive season. It said that despite underperformance, the stock remains "unjustifiably expensive."

India Biz reported mid-single-digit volume growth. The company did not see a significant rural recovery in Q3, while the urban and premium categories maintained their steady growth momentum,” the note added.

Domestic brokerage firm Axis Securities is positive on a few mid and smallcap stocks, which can rally up to 51% in 2023. The brokerage believes the worst of the FII outflows is now behind us as the strong earnings growth and economic recovery will play out for the remaining months of FY23.Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘Buy on Dips’ market.

Key observation has been that share price has given a faster retracement of August 2021–June 2022 decline (Rs 100-50) faster signalling a structural turnaround and is expected to outperform in coming months. Consolidation of past five years (CY17-22) resembles a bullish cup and handle pattern.

Global brokerage CLSA, which has maintained a sell rating on the stock, pointed out that the lender's loan growth was slow despite the festive season. It said that despite underperformance, the stock remains "unjustifiably expensive."

The weakening macroeconomic environment in the US and Europe – two major markets for IT firms – have not had a major impact on deal pipeline in the last quarter, but investors would want to see how it shapes up for the ensuing quarters.

Following positive global equities and modestly hawkish Federal Reserve minutes, which showed consensus among members that the central bank should slow the pace of its aggressive rate hikes, Indian equity markets opened higher on Thursday. The BSE Sensex was trading 90 points or 0.15% higher at 60,748 while Nifty50 was trading at 18,072, up 30 points or 0.16% at around 9.28 am.

Vedanta’ daily trend is sideways. RSI for monthly, weekly, and daily are all indicating a sideways trend. Based on option chain analysis, the range is between 300 and 320. Let’s plan a trade around this.

The government is also expected to ensure enough spending to revive the rural economy ahead of the elections. According to Nomura analysts, election related spending can support demand in sectors like FMCG and two-wheelers.

“In spite of these hawkish minutes, the US markets closed in the positive territory because the markets expect a soft landing for the US economy since the economy continues to be resilient,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

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 IndiGo while Kunal Bothra has a buy/sell recommendation on Maruti Suzuki and Indian Bank for today's trading session. Check out the targets and stoploss.

Vedanta’ daily trend is sideways. RSI for monthly, weekly, and daily are all indicating a sideways trend. Based on option chain analysis, the range is between 300 and 320. Let’s plan a trade around this.

On Wednesday, the markets remained weak with the Nifty ending up with a loss of over one percent. However, many stocks, which had undergone correction, are now finding support.

On the options front, the weekly maximum Call OI has shifted to 18200 then 18300 strikes while the weekly maximum Put OI is placed at 18000 and then towards 17800 strikes. Meaningful Call writing is seen at 18100 then 18200 strike while minor Put writing is seen at 17900 then 18000 strike.

Nifty futures on the Singapore Exchange traded 51 points, or 0.28 per cent, higher at 18,162, signaling that Dalal Street was headed for a positive start on Thursday. But here are some stocks which are expected to see some action in trade today.

Its trend is bullish but now RSI on the weekly time frame is at 80+ which indicates that the stock is in the overbought zone. As per the analysis, traders can book profits. And for fresh entry, one can adopt to buy support strategy where the support range is 290-300 levels. Targets are in the range of Rs 365 and 390 levels. Keep a stop loss at 240 on a closing basis.

The infra company will consider and approve unaudited financial results (standalone and consolidated) for the quarter and half year ended September 30, 2022.The company’s board meeting will be held to issue and allot 2,70,00,000 equity shares of the company on preferential basis to DBRL.

Asia's optimism comes while minutes from the Federal Reserve's December meeting, published on Wednesday, contained a caution against late-year rate cuts traders have priced in. Fed committee members noted that "unwarranted easing in financial conditions" would complicate efforts to restore price stability, the minutes showed.

Investors were poring over the Fed's internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.

Investors were poring over the Fed's internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.

"There was no other bidder so one can now say Ares has won the bid. Banks are still working on internal processes to take approvals to give the go-ahead for the takeover by Acre, and the process will take a few more days," said a person familiar with the exercise.

Two promoter entities, Harmonic Ventures and Suresight Ventures, bought nearly 6.7 million shares from the open market, trading data on promoters and insiders showed. Promoter holding in UPL has increased from 27.96% in September 2021 to 30.74% as of December 2022.

Investors could allocate 10-20% to gold, 40% to fixed income and 40-50% to equities, said Rupesh Bhansali, head-distribution at GEPL Capital.

On Wednesday, the resolution applicants submitted a resolution plan to the administrator, giving details about the upfront and deferred payments, employee payments, trade creditors and other conditions.

Bajaj Finance also said its assets climbed more than a fourth in the quarter that saw a record increase in its customer base. HDFC Bank's deposits rose 20% over last year to ₹17.33 lakh crore. Retail deposits climbed 22%, while wholesale deposits expanded 12%.

"Apple has been seen as a flight to safety trade and when people kind of throw in the towel that's when they sell Apple," said Matt Maley of Miller Tabak + Co. "When we reach a bottom, Apple tends to get washed out and cheap and it's still, if anything, slightly expensive."

The PBOC is expected to keep monetary policy loose for at least the next few months, with the economy still suffering disruption from widespread virus infections following the nation's abrupt exit from its Covid Zero stance.

RBI, in the annual report of ombudsman scheme, said that its consumer education and protection department is working towards extension of the scheme to HFCs. This may be done by March 31, 2023. Last year, the coverage of the integrated ombudsman scheme was extended to credit information companies and the non-scheduled urban cooperative banks with a deposit size of Rs 50 crore or above.

"There is a lot of discomfort about market valuations at current levels, while foreign investors are also not bullish," said Siddarth Bhamre, head-research, Religare Broking. "It may not be a good idea to make aggressive purchases at current levels."

“Participants noted that, because monetary policy worked importantly through financial markets, an unwarranted easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, would complicate the committee’s effort to restore price stability,” according to minutes of the Federal Open Market Committee’s Dec. 13-14 meeting released in Washington on Wednesday.

After the deal goes through, Ant -- in which ecommerce titan Alibaba has a stake -- will have contributed a total of 9.25 billion yuan and control half of its shares

At 10:28 a.m. ET, the Dow Jones Industrial Average was down 37.17 points, or 0.11%, at 33,099.20, the S&P 500 was up 0.44 points, or 0.01%, at 3,824.58, and the Nasdaq Composite was down 26.38 points, or 0.25%, at 10,360.61

"In my view ... it will be appropriate to continue to raise rates at least at the next few meetings until we are confident inflation has peaked," Kashkari said in an essay posted on the regional Fed bank's website, even as he noted increasing evidence price pressures appear past their worst.

"M&M Finance finally witnessed a breakout from the same in July 2022 but the move fizzled out after the initial uptick. After retesting the upper band of the channel, it rebounded strongly again and now inching toward its record high," Ajit Mishra, VP - Technicals, Religare Broking, said.

That was the weakest reading since May 2020, when the economy was slammed by the first wave of COVID-19 cases, and pushed the index just below the 48.7 level, which the ISM says is consistent with a recession in the broader economy.

It has an asset base of over Rs 60,000 crore in 10 states across the parent company and two Infrastructure Investment Trusts (InvITs), IRB infrastructure said.

The Dow Jones Industrial Average rose 28.77 points, or 0.09%, at the open to 33,165.14

The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, its statement read

The stock is seen to be breaking out of a downwards sloping trendline after making a Double Bottom pattern at an important support zone on the daily timeframe after 12 months. The RSI indicator is also seen to be making a double bottom formation near its support zone, which can be used to boost the bullish view. The 200 EMA is at Rs 692 and the stock is comfortably trading above it whereas momentum oscillator RSI (14) is around 56 on the daily time frame, indicating strength by sustaining higher levels. Observation of the above factors indicates that a bullish move in the stock is possible for targets up to Rs 880. One can initiate a ‘buy trade’ in the range of Rs 815-817 with stop loss below Rs 775 on daily closing basis.(Mitesh Karwa, Research Analyst, Bonanza Portfolio)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Benchmark index Sensex tumbled about 635 points to conclude Wednesday trading at 60,657. Despite this free fall in the markets, 10 stocks from the BSE small-cap index managed to touch 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 to analyse a stock's current value and to predict its future price movement.

The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, the central bank said in a statement after a meeting.

Technical patterns suggest that the momentum is likely to continue on the upside and short-term traders can buy the stock now for a target of Rs 270, suggested experts