Benchmark index Sensex closed higher by about 360 points to 60,927 on Tuesday. During this rally in the market, six stocks from the BSE smallcap 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 board meeting held today, i.e. December 27, 2022, has inter alia considered and approved the terms of the rights issue, it added.

Now, Nifty has to hold above 18081 zones for an up move towards 18250 and 18350 zones, whereas supports are placed at 18018 and 17950 zones, said Chandan Taparia of Motilal Oswal.

Equity benchmarks Sensex and Nifty closed with gains on Tuesday, following a firm trend in the global markets. Extending its previous day's rally, the 30-share BSE Sensex jumped 361 points to settle at 60,927.43. The broader NSE Nifty climbed 118 points to end at 18,132.30.Broader markets continued to see a good run, with Nifty Midcap 100 reporting gains of 1%.Here are the stocks that grabbed limelight today:

The market capitalisation of all listed companies on the BSE surged by Rs 8.37 lakh crore to Rs 280.49 lakh crore in the last two days

Closing Bell: Sensex rallies for 2nd straight session, ends 361 points higher; Nifty above 18,100; Jindal Steel zooms 9%, Hindalco 6%.

With huge growth opportunities for consumer and small business finance, the brokerage said that post-acquisition, PFL’s management has strengthened its foundation notably by investing in technology (aiding infrastructure/processes), distribution and talent.

However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have hold ratings, and six have strong sell and sell ratings.

"With global central banks tightening policy, concerns about an economic slowdown continue ... and while the floor is firm for stocks, those worries will keep the topside heavy," Maki Sawada, a strategist at Nomura, said on a conference call with the media.

With metal prices cooling off from their high formed in early part of 2022. A number of auto ancillary companies have a high probability of witnessing an uptick in their margins. Along with higher margins with supply chain disruption being a thing of the past, demand for automobiles have seen an increase. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The stock holding limit will be worked out on the basis of giving 100% weightage to the month-end notional stock of the preceding month," the ministry’s notification said.

The board of directors considered and approved raising capital through the issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for an amount up to Rs 1,500 crore, the bank said in a regulatory filing.

As the market witnesses volatile movement there are few largecap stocks which are still finding favour with analysts. 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.

The funds raised will be utilised in product development & global marketing.

The company had said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and recent uptick in demand on the back of festivities and weddings.

On the installed capacity generation basis Fossil Fuel based generation forms 58% & non-fossil fuel-based generation forms 42%. India’s National Grid is synchronously interconnected to Bhutan and importing excess electricity from Bhutan.

Earlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.

Four pharma companies, a southern india focussed real estate player to mid-cap software company have seen an improvement in their overall score in a volatile week. 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.

The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.

After being the best performer within the automobile pack in 2021 and giving multibagger returns, Tata Motors was knocked down by Dalal Street investors as the outlook for its arm Jaguar Land Rover was clouded by the global headwinds even as the domestic business

Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. Analysts expect Maruti Suzuki

Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.

Equirus Small Finance Bank maintained its long recommendation on Equitas Small Finance Bank with a target price of Rs 80 which translates into an upside of 48% from Rs 54 recorded on December 26. Vasudevan's decision to continue the Equitas franchise is a positive development for the bank, said the brokerage. The brokerage firm values the stock at 1.8x (earlier 1.6x) on Sep'24 ABV (adjusted book value).

“Volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Nifty’s major support is seen at the 17,407-17,567 zone with intraday support at 17,871. On the upside, Nifty will now face hurdles at the 18,221 mark, while confirmation of strength only if the index closes above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.

The domestic markets opened with gains on Tuesday morning as investors pick up cues from strong key indices of American and European equities. Other markets in Asia were trading mixed on Tuesday morning. S&P BSE Sensex went up 317.49 points to 60,883.91 while NSE's broad-based Nifty 50 surged 106.50 points to 18,121.50 on Tuesday morning. Some of the most active stocks were Dalmia Sugars, Indian Overseas Bank, Union Bank of India, Suzlon Energy on BSE while Morepen, J and K Bank, Ajanta Pharma and Astro Micro were the laggards during the morning.

The markets staged a smart rally, ending on a positive note after remaining weak for many days. Banking and financial stocks continue to relatively outperform the broad markets.

Nifty formed a Bullish Engulfing candle on daily scale on Monday and negated its lower highs of last three trading sessions,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

National Fertilisers via an exchange filing said that in respect of the post ballot notice that sought approval of members of company for appointment of Director, the resolution as set out in the earlier notice has been passed with requisite majority.

The stock is currently placed a tad above its prior point of polarity, which was placed at around Rs 650. The key technical indicators reversed from the dip oversold zone on the short-term timeframe chart and are on the verge of a bullish crossover.

The SGX Nifty 50 December futures is pointing to a slightly positive start for domestic equities on Tuesday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. Here are some stocks which are expected to see some action in trade today.

Nifty crashed to almost 2.53% in the week ending on 23rd December 2022 which was seen after a continuous rise in the later half of 2022. On Monday 26th December, Nifty recovered almost 40% of the fall in the previous week in just a single trading session. All the indices were in pullback mode with some entering into positive territory.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Angel One Broking's Amar Deo Singh has a buy/sell recommendation on ICICI Pru Life and REC Limited while Kunal Bothra has a buy/sell recommendation on Canara Bank and Indusind Bank for today's trading session. Check out the targets and stop-loss.

Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growth of 16-17% for the services vertical in FY23.​

Oil prices ticked up on thin trade on Tuesday, on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil.

The long-term expected growth will be led by the momentum in the defence, electric mobility and industrial segments.

A holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of Chanda Kochhar and her husband Deepak who were arrested on Friday by three days. The CBI sought a three-day custody to confront the accused.

The Aon analysis also showed that overall attrition in the banking segment is 24.7% between January and September, with domestic banks showing 30.6% attrition and foreign banks 16.3%. Fintech players also contributed to high attrition levels of 27.4%. Wealth management players, too, saw a significantly high number of employee departures at 26.4%, while investment banks saw exits at 21.8%. The lowest exits in the BFSI space were recorded with asset management companies at 16.3%.

So far, more than 25 financial sector entities have already been onboarded on the NeSL DDE platform and are undertaking transactions. Bank and NBFC systems have to be connected to NeSL and lenders are yet to move towards it in a big way. However, bankers said the authenticity, seamlessness and speed that the NeSL system provides could make it the go-to system in the future.

The shift in attention towards a post-Kuroda era was also evident in comments by Prime Minister Fumio Kishida on Monday that a decision on whether to revise Japan's decade-old blueprint for beating deflation will be made after a new BOJ governor is appointed.

However, SAT in its order noted that "the company had gone into July 2017 under the Insolvency Bankruptcy Code (IBC) and in view of the decision of this tribunal, no penalty can be levied on the new management which came into the picture on May 18, 2018. "The violation, if any, committed for the quarter ended March 2016, was of the previous management which cannot be imposed upon the new management."

The Delhi High Court on December 21 vacated a stay on the distribution of proceeds from the sale of RHFL after two disputing creditors - a Shapoorji Pallonji entity and lenders led by Bank of Baroda - agreed on a 'conditional settlement'.

Returns have been raised 10-25 basis points, reflecting a surge in credit demand amid early signs of revival in private capital expenditure. Financial planners believe fixed deposit investors should build a ladder allocating one third to low tenure deposits of 1-2 years and the balance to 3-5 years tenure and not wait for deposit rates to peak. One basis point is 0.01%.

The Sensex rose nearly 1,000 points from Friday's close to an intraday high of 60,833, before ending the session at 60,566, up 721 points, or 1.20%. The Nifty, too, advanced 1.2%, or 207 points, to close at 18,014.

Advent will also launch an open offer for an additional 26% of the company, a listed contract research and manufacturing services (CRAMS) business, at the same Rs 495 per share from minority shareholders. If fully subscribed to, Advent could end up paying ₹9,589 crore, making it its largest takeover in India yet.

What worked in most of 2022 essentially was a long-inflation trade: A bet that the dollar and Treasury yields would rise on the Federal Reserve's most aggressive policy tightening in four decades, while the biggest winners of a low-rate environment - tech companies - would fall.

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 23% and 50% as per analysts’ price targets.

The stock hit a 52-week high of Rs 115 on April 19, 2022, but failed to hold on to the momentum. It hit a low of Rs 83 on September 26, which will now act as a crucial base for the stock in the short- to medium-term

Shares of Easy Trip Planners have gained 70% in the last 1 year, while its year-to-date return is at 62%

The ruling comes after an appeal was filed against the Sebi order, levying a Rs 2 lakh fine on Bhushan Steel for not making the requisite disclosure under LODR (Listing Obligations and Disclosure Requirements) rules

The long-term expected growth will be led by the momentum in the defence, electric mobility and industrial segments.