Indian shares pared most of the losses in the final hour of a volatile session on Tuesday, helped by a rebound in information technology stocks, while recession worries and a surge in Covid-19 cases in China continued to dampen sentiment. All the sectors, barring information technology, oil & gas and metals declined, while auto and FMCG stocks lost more than 0.6%."Following a gap-down start, the Nifty found support at the lower side of the rising channel, leading to a recovery near the end of the session. On the hourly time frame, the momentum indicator RSI (14) is in a bullish crossover. The short-term trend will likely remain bullish until the index sustains above 18350 on a closing basis. On the lower end, support is pegged at 18350/18150,” Rupak De, Senior Technical Analyst at LKP Securities, said.

The move to strengthen and scrutinize the regulations come amid the corporate governance allegations against erstwhile members of India’s biggest stock exchange, the National Stock Exchange, including former MD and CEO Chitra Ramakrishna.

The Dow Jones Industrial Average fell 22.30 points, or 0.07%, at the open to 32,735.24.

Indian shares pared most of the losses in the final hour of a volatile session on Tuesday, helped by a rebound in information technology stocks, while recession worries and a surge in Covid-19 cases in China continued to dampen sentiment. All the sectors, barring information technology, oil & gas and metals declined, while auto and FMCG stocks lost more than 0.6%."Following a gap-down start, the Nifty found support at the lower side of the rising channel, leading to a recovery near the end of the session. On the hourly time frame, the momentum indicator RSI (14) is in a bullish crossover. The short-term trend will likely remain bullish until the index sustains above 18350 on a closing basis. On the lower end, support is pegged at 18350/18150,” Rupak De, Senior Technical Analyst at LKP Securities, said.

The benchmark Sensex ended around 104 points lower at 61,702 on Tuesday. Despite weakness in the markets, five stocks from the BSE consumer discretionary 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 for analysing a stock's current value and for predicting its future price movement.

Volume profile indicates Nifty may find support around the 18150-18200 zone, which was tested today. The highest OI was observed at 18500, followed by a 18600 strike price, while on the Put side, the highest OI was at an 18300 strike price.

Domestic indices on Tuesday fell sharply in early trade amid weak sentiments globally. However, towards the later part of the session, benchmarks pared most losses. Nifty settled with a loss of 35 points at 18,385. Among sectoral indices, Nifty IT and Nifty Metal ended higher, while all other indices ended in the red. Here are the stocks that gained focused in Tuesday’s trade:

With this issue, Mindspace REIT has broadened its debt profile further. At the time of its IPO, in August 2020, 100% borrowings of Mindspace REIT were in the form of bank borrowings at the asset’s special purpose vehicle level.

The decision for the same is based on the recommendations in the Keki Mistry report, which suggested phasing out share buybacks from the open market through stock exchanges as these are prone to misuse.

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

Gyan Enterprises Pvt Ltd and Chowdry Associates are the two promoter group entities that sold the stake, the company said in an exchange filing.

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

Closing Bell: Sensex rebounds around 600 pts from day’s low, still ends 104 pts lower; Nifty below 18,400; Eicher Motors, UPL drop 2% each

Nifty Realty index plunged about 8.5% in 2022 after recording gains for three years straight. The index surged 54% in 2021, 5% in 2020 and 29% in 2019. For the year, seven out of 10 stocks have given negative returns, out of which five stocks have slipped 15-45%. However, according to Trendlyne data, stocks of these weak performers are likely to see a good upside. (Data Source: ACE Equity)

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

This is partly also because of the stretched valuations. Currently, India is the most expensive market within the emerging market pack. It is trading at close to 20 times its one-year forward earnings.

“We see a period of consolidation for the Indian market with further correction in multiples of the market, led by gradual de-rating of multiples of ‘growth’ stocks from current high levels, as the market reconciles to higher-for-longer interest rates. They are yet to correct to lower multiples that commensurate with higher interest rates except for IT services stocks,” it said.

Domestic equity markets are stuck in a range after testing record highs a few weeks earlier. However, market analysts believe that while indices are likely to consolidate in the near term, traders will have opportunities to initiate a trade on both sides. Based on their recommendations, here are the top 10 ideas to make money:

The board has also constituted a committee called the 'buyback committee' for the purpose of the buyback in accordance with the regulations and has delegated its powers to do such acts, deeds, matters, and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in relation to the proposed buyback, it said.

"I had expected the 10-year yield to hit 1% when the BOJ tweaks its policy, but it didn't and that's because the BOJ conducted emergency bond buyings to contain elevated yields," said Masayuki Koguchi, general manager at the fixed income investment division of Mitsubishi UFJ Kokusai Asset Management.

Even as nifty corrects, select large cap stocks in some sectors are under focus in markets once again. Some of them had long periods of consolidation and making an attempt to move upward . 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 trading and distribution firm's subsidiary Genesis will also provide the test specialist and will also leverage their O&M experience for renewable power projects at Mali, Africa. Genesis develops service models for India’s upcoming power distribution grid applications to support renewable power projects including battery, solar, and wind power for sustainable rural towns in India.

Experts believe that exposure to and awareness of the US market investing from India was in its infancy, before the pandemic. Desi investors are going global as they do not wish to miss the chance of diversification and investing in the global leaders.

ICICI Direct has handpicked nine stocks that can give an average return of 22% in 2023. The list includes L&T, Ambuja Cements, Bosch, Federal Bank, Sundaram Finance, Bajaj Electricals, KEC International, Mishra Dhatu Nigam and Techno Electric.

From a wealth management stock to a home finance company which is focussed affordable housing, stocks from different sector are among mid-cap stocks which have seen their scores moving up and also market sentiment moving in tandem in terms of price inching upward. 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 Indian rupee declined against the dollar on Tuesday after the Bank of Japan's unexpected hawkish shift prompted a rise in Japanese and US yields, and impacted risk appetite. The rupee was at 82.8 per US dollar around noon.

This multibagger realty stock has surged from around Rs 51 apiece levels to Rs 322 per share in the last three years, surging around 6 times in this time. Meanwhile, the stock has gained more than 500% from its Covid lows.

Goldman Sachs is the broker of the deal. Dabur is among the few stocks in the FMCG space to have underperformed in 2022. At 10.22 am, the shares of Dabur India were trading 2.6% lower at Rs 573.35 over its previous day’s closing price of Rs 588.75. The stock has gained just 3% in the last one year.

"We also shave off some weight from Maruti (potential headwind to discretionary consumption due to slower wage hikes/IT hiring) to banks," he said, adding that it has brought the materials sector weight to neutral from currently nil in its portfolio.

JM Financial remains positive on Canara Bank and expects it to hit a target of Rs 345-365 in the next 1-2 quarters. “We expect Canara Bank earnings recovery to be driven by a) credit cost normalisation (1.3% by FY24E), b) improvement in margins and c) sustained growth momentum,” said the note.

Risk management in investing is the process of identifying investment risk and determining ways to address that risk. The goal is to keep potential losses within a range that is acceptable based on investors' risk tolerance.

The stock gave a breakout from a 5-month (since July) consolidation range on the weekly charts. The stock faced resistance around Rs 200 levels while strong support was seen near Rs 170 levels.

Sensex slides 600 pts, Nifty below 18,300; Dabur down 3%, NBCC up 3%.

However, they do expect selective stocks within the pack to do well given the positive business growth prospects. Steel companies’ shares rallied in the recent sessions as Chinese steel demand is expected to benefit from the recent stimulus measures announced by the government to aid the real estate sector.

On the back of strong FII inflows, Nifty has outperformed global peers with a gain of around 4% so far in the calendar year. Equity markets have witnessed the return of foreign funds since July 2022. They turned net buyers to the tune of Rs 84,000 crore. Brokerage ICICI Direct believes FPI flows to remain strong due to the continued outperformance of India. Here’s a list of 6 quant picks for 2023 from ICICI Direct:

However, they do expect selective stocks within the pack to do well given the positive business growth prospects. Steel companies’ shares rallied in the recent sessions as Chinese steel demand is expected to benefit from the recent stimulus measures announced by the government to aid the real estate sector.

As widely expected, the BOJ kept unchanged its yield curve control (YCC) targets, set at -0.1% for short-term interest rates and around zero for the 10-year bond yield, at a two-day policy meeting that ended on Tuesday.

On whether he is more bullish on the market now than what he was in the beginning of 2022, the fund manager said his team spends very little time on thinking about the direction of the market.

“Economic data indicates a slowing economy and declining inflation which implies that the Fed is close to pausing on rate hikes. Confirmation of this trend can lead to revival in equity markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said. Economic and market indicators suggest that India’s outperformance can continue in 2023 too, Vijayakumar added.

Opening Bell: Sensex slides 600 pts, Nifty below 18,350; Dabur down 3%, NBCC up 3%.

In the NSE list of stocks with a market cap of over Rs 1,000 crore, eight stocks crossed their previous 5-year high value at the close on December 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

In the previous session, the S&P BSE Sensex rose more than 400 points while the Nifty50 reclaimed 18,400 levels.

After the consolidation of more than 1 month, the stock gave up its strength and started becoming weaker and various breakdowns indications can be seen through multiple indicators and oscillators, making the stock become a sell on the rise candidate.

In the past, it has been observed that the Nifty rallies 20%, on average, after breaching its all-time high. Barring Nov 2010, all breaches have generated positive returns over the next 12 months," said Amar Ambani, Head of Institutional Equities at YES Securities.

Stocks that were in focus include names like General Insurance Corporation which rallied more than 12%, Adani Enterprises which rose over 2% to hit a fresh 52-week high and Bata India which closed with gains of over 1% on Monday.

Iurities’ board will meet to consider and approve various fund-raising options for the company as the board may deem a Jyoti Resins and Adhesives will convene its board meeting to consider and approve the submission of a set of applications for waiver of penalty levied by BSE.

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 Mahanagar Gas and IGL while Kunal Bothra has a buy/sell recommendation on Marico and HCC for today's trading session. Check out the targets and stop-loss.

TATA POWER COMPANY’s daily trend is sideways to bearish. Based on option chain analysis, the range is between 200 and 230. This is a wide range considering expiry is just a few days away. Let’s plan a trade around this.

The Nifty staged a comeback on Monday, redefining the trading zone, though the Banknifty underperformed the markets. Some good stock-specific activities are on offer.