Top stock picks: The brokerage is bullish on private banks, insurance, select industrials, consumer discretionary, automobiles and telcos. Stocks in its portfolio include Maruti Suzuki, M&M, Sun Pharmaceutical, Fortis Healthcare, Bharti Airtel, HDFC Bank, ICICI Bank, Axis Bank and SBI Life Insurance.

Sensex flat, Nifty holds above 18,200, DMart falls 2%, IndusInd Bank rises 2%; Divi's Labs, IOC, Sun Pharma are some opening movers.

“Relentless run of interest rate hikes from the Federal Reserve, and China's Covid crisis will keep investors guarded. Investors will be keeping an eye on the Federal Reserve's December meeting minutes to trickle in on Thursday. Technically, Nifty’s biggest make-or-break intraday support is now placed at 17,971 mark,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

The markets remained in positive territory on Tuesday, but barely so. The Nifty bank index continues to outperform the headline index Nifty50. One may expect the Nifty to oscillate within a defined range.

Shares of GM Polyplast will trade ex-bonus in the ratio of 6:1, implying eligible shareholders will be getting six shares for every one share held. Ahead of the ex-bonus date, shares of the company ended lower by over 2% at Rs 1210.

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 Bank of Baroda and Indusind Bank while Nooresh Meerani has a buy/sell recommendation on indigo and ONGC for today's trading session. Check out the targets and stop-loss.

Muthoot Finance’ 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 1000 and 1100. Let’s plan a trade around this.

Nifty futures on the Singapore Exchange traded 53.5 points, or 0.29 per cent, lower at 18,252.50, signaling that Dalal Street was headed for a negative start on Wednesday. Here are some stocks that will be on the investors’ radar today. Watch.

The stock is also moving above all the major averages which is a good sign for an upside move. One can buy the stock at the current level and more on dips of 140 with a stop loss of 129 on a weekly closing basis.

In the currency market, the euro was up 0.14% to $1.0561 in early Asian hours, not far off its three-week lows of $1.0519 it touched overnight. A surprise slowdown in German inflation rallied bunds and sent the common currency sliding.

One reason we are more constructive on equities in 2023 is the big drop in sentiment during 2022,” Bank of America’s strategists including Savita Subramanian wrote in note to clients. “It has been a bullish signal when Wall Street strategists were extremely bearish, and vice versa.

Among the S&P 500's 11 major sectors, behind energy, technology was the second biggest decliner, losing 1%, with Apple hastening the decline as it ended the day with a market valuation below $2 trillion for the first time since March 2021.

Last month, Adani completed the acquisition of 17,577,676 shares from the Roys constituting a 27.26% stake in NDTV for ₹602.2 crore at ₹342.65 per share.

The outstanding bank loans to the sector have grown at over 100% year-on-year, indicating momentum in underwriting renewable energy loans. According to Reserve Bank of India data, outstanding bank loans to this sector more than doubled to ₹4,191 crore at the end of October 21, 2022, as compared with ₹2,073 crore a year back.

The notices, served under the Prevention of Money Laundering Act, were received by investors over the past fortnight, two persons familiar with the matter told ET. The agency has asked investors to share details about their trades between 2009 and 2013 - the year thousands lost money after a payment default by NSEL.

A direct mutual fund scheme can be purchased by an investor through the asset management company (AMC) or an execution-only platform, without the involvement of a distributor. A regular plan is sold through a distributor, who receives a commission from the mutual fund, which charges the investor a higher annual fee, known as expense ratio, to compensate the intermediary.

Authum had offered ₹2,887 crore to take over the company in June 2021, translating into a 74% haircut to the total dues of ₹11,200 crore. But since then, recoveries in the distressed mortgage financier have swelled the cash balances to ₹3,000 crore. Hence, lenders are now asking for a higher payout.

Officials told ET that the promoters - Vodafone Plc of UK and the Aditya Birla Group - have indicated a willingness to infuse around ₹2,000-3,000 crore in the telco, which is inadequate to revive the company. Vodafone Idea (Vi) needs around ₹40,000-45,000 crore for sustaining itself.

RNEL shares rose 5% on Tuesday, hitting the maximum trading price of the day of ₹2.56. About 2 million buy orders were pending on both the BSE and NSE. As on September 30, 2022, nearly 194,000 small investors held shares of RNEL.

Analysts ET spoke to said they expect companies to deliver median revenue growth of 1-4% quarter-on-quarter (QoQ), and 7-9% year-on-year (YoY). Bellwethers TCS, Infosys, and HCL are likely to report expansion in margins, while tier-two companies, such as LTIMindtree, KPIT, Persistent Systems, and Coforge, are expected to report strong quarters.

"The margin expansion, driven by the shifting of product mix by its unparalleled agency force, should boost VNB (value of new business) growth, even as overall medium-term APE (annual premium equivalent) growth will likely be lower than private peers," said Kotak's analysts in a client note. "The large unrealized equity gains (59% of FY2022 EV) should also support LIC's EV (Enterprise Value) and make it leveraged to capital market movements."

Short-term traders willing to take some risk can consider buying the stock around Rs 216 for a target of Rs 227-235 in 3-4 weeks, suggested experts.

The iphone maker's market value falls below $2 trillion

At 10:48 a.m. ET, the Dow Jones Industrial Average was down 24.82 points, or 0.07%, at 33,122.43, the S&P 500 was down 9.92 points, or 0.26%, at 3,829.58, and the Nasdaq Composite was down 58.43 points, or 0.56%, at 10,408.05.

"Petronet LNG stock has seen a long consolidation phase and has traded within a broad range since last three years. But off late, the stock has witnessed positive momentum as the ‘89 DEMA’ has acted as a support during the recent decline," Ruchit Jain, Lead Research, 5paisa.com, said.

At the close, Nifty ended above 18,200. Among sectoral indices, Nifty PSU Bank, Nifty Pharma and Nifty IT gained the most, while stocks from the metal, media and auto pack posted the maximum losses.

At least four brokerages cut their price targets and earnings estimates, looking for more downside after the stock suffered its biggest annual loss since going public in 2010.

The diversion of funds was never disclosed to the shareholders of REL, which misled them to remain invested in the shares of REL or deal in the securities of REL. Thus, the apparent diversion of funds led to indirect manipulation of the price of shares of REL, Sebi said in its order.

The Dow Jones Industrial Average rose 1.65 points, or 0.15%, at the open to 33,148.90

Robust demand for banking, IT and pharma stocks amid a supportive trend overseas helped benchmark indices overcome bouts of volatility to close in the green for the second straight session on Tuesday. Nifty settled at 18,233 and 30-share BSE Sensex rose 126.41 points to close at 61,294.Sectoral indices put up a mixed show, with Nifty PSU Bank leading the gains, while Nifty Metal lost the most."In the absence of major economic triggers, the domestic market shifted its focus towards the Q3 earnings season, which is set to kick off this week. Banks' initial quarterly business results revealed solid business traction supported by robust loan growth. IT and banks will take centre stage in the coming days as the trend in the market will be determined by the early signals from sector majors,”Vinod Nair, Head of Research at Geojit Financial Services, said.Here are 8 stock recommendations for Wednesday

The benchmark index, Sensex, rose about 126 points to settle at 61,294 on Tuesday. During this rally, five stocks from the BSE midcap index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during 2022. 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 issue also has a greenshoe option to retain an oversubscription of up to Rs 175 crore

Daily charts show that indicators such as RSI and MACD are showing some strength to lead toward an upside. Options data suggests a broader trading range between 17800-18500 zones, while an immediate trading range between 18000-18400 zones.

Sky-high inflation and the global gut-punch of nearly 300 central bank interest rate hikes over the last 12 months are putting the focus firmly on how badly economies now buckle, and whether that forces the Federal Reserve and Co to change course.

Domestic benchmark indices extended gains for the second session on Tuesday, helped by an uptick in financials on strong quarterly updates. The Nifty50 closed 0.19% higher at 18,232.55, while Sensex rose 0.21% to 61,294.20. Twenty-six of the Nifty 50 constituents advanced with HDFC Life, SBI Life, Axis Bank, and Titan among the top gainers.Here are the stocks that were in focus today:

From the Sensex pack, Axis Bank, Titan, TCS, Tech Mahindra and Sun Pharma were the top gainers, rising over 1%. IndusInd Bank, Wipro, Nestle, Bajaj Finance and HDFC Bank also closed with gains

Closing Bell: Sensex rises for 2nd straight session, ends 126 points higher; Nifty tops 18,200; HDFC Life gains 5%, Titan 2%

"Healthy disbursement trends have led to business assets at approximately Rs 77,000 crore, a growth of 4.3% over September 2022. This resulted in the growth of 18.5% vs March 2022," the company said in a BSE filing.

Investors were focussed on Germany's CPI data, due at 1300 GMT, that could offer more cues on if cost pressures in the euro zone have weakened after the European Central Bank's aggressive monetary policy tightening path.German consumer prices, harmonised to compare with other European Union countries, are expected to have risen by 10.7% on the year in December in the preliminary reading, compared to an 11.3% increase in November.

Nifty50 and Nifty100 indices are less than 4% away from their 52-week high levels but there are 10 stocks from the Nifty100 pack that are trading over 40% lower from their yearly highs. The list is dominated by new-age technology and IT companies. However, most of these stocks can see a substantial upside, according to Trendlyne.com's forecaster data.

The stock hit a 52-week high of Rs 549 on 7 February 2022, but it failed to hold on to the momentum. The stock bounced back after hitting a low of Rs 345 on 12 May 2022.Short-term traders who missed the rally can look at buying the stock now or on dips for a possible target above Rs 600 in the next 3-4 weeks, suggest experts.

An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. 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.

An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. 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.

“Such developments create extra selling pressure on the stock. If these kinds of exits happen at the top level, it will have a negative impact,” said Kranthi Bathini, equity market strategist at WealthMills Securities.

Retail shareholding in Indian companies clocked a near 15-year high in June 2022, according to data from the NSE. Post-rate hike, retail shareholding still makes up around 9% in both the Nifty 50 and Nifty 500 Index.

Be it a rating agency or manpower supplier, these are services companies, but somehow these are not classified as service companies. The reason, in India the word “ services” gets related to IT service companies only. We look at what analysts have to say about other non- IT services companies which can be classified as professional and commercial service companies.

This takes the offer price to 342.65 rupees per share, matching what Adani paid NDTV founders when they sold their stake to the conglomerate last week.

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.

This book, among other things, explains that often the solutions to our problems are already there in the world - at times in the human world, sometimes in nature and it is a matter of understanding how to structure the problem in order to borrow from other fields. Bullet trains can learn from owls, ads can borrow from ancient myth templates.

"Tata Steel’s share price has formed a strong base around Rs 100 over the past few months factoring in a host of negatives," the brokerage said, adding that the share price is seen resolving out of six months base formation, which resembles a cup and handle bullish formation.