The proposal to extend the trading timings, if implemented, may bring in tangible as well as intangible advantages. We will begin with discussing how this move may help in bolstering liquidity further in the Indian equity markets, particularly from Foreign Portfolio Players

The Dow Jones Industrial Average rose 130.30 points, or 0.39%, at the open to 33,175.39

Indian indices continued to buckle under selling pressure for the fifth straight session on Thursday as concerns over higher interest rate by the US Federal Reserve for longer unnerved investors.Mirroring bearish trend in Asian markets, a highly volatile trade amid monthly derivatives expiry saw BSE Sensex declining 139.18 points or 0.23% to settle at 59,606. Nifty managed to hold on to 17,500 levels, down 0.25%. Sector-wise, the PSU Bank index emerged as the top gainer, while the Realty index lost the most by around 2%.“Forming a small bearish candle with relatively large-lower shadow, Nifty managed to settle above 17,500. Post five consecutive negative close, Nifty’s follow-up action needs to be closely watched out as sustenance above 17,500 is essential for any short term bounce,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities.Here are stock recommendations for Friday:

Fitch rates Samvardhana Motherson on the consolidated profile of its stronger parent, Samvardhana Motherson International Limited (SAMIL), under its parent and subsidiary linkage rating criteria

The credit assessment reflects the project companies' availability-based revenue, with low technical complexity, reflected in high availability levels and operating performance that Fitch expects to remain stable.

On Thursday, benchmark index Sensex experienced a drop of approximately 139 points to reach 59,605. However, even with this market decline, six stocks from the BSE smallcap index were able to hit new 52-week highs. This technical indicator of a stock's highest price over the last year is often used by traders and investors to analyse its current worth and anticipate its future price movement

Initial claims for state unemployment benefits decreased 3,000 to a seasonally adjusted 192,000 for the week ended Feb. 18, the Labor Department said on Thursday. Economists polled by Reuters had forecast 200,000 claims for the latest week. Claims have been hemmed in a tight 183,000-206,000 range this year

In addition, it had imposed a three-year ban on ZBIL and a one-year ban each on Yash Birla and M S Arora who were company's chairman and managing director, respectively

Social enterprises are non-governmental organisations and are of two types — non-profit organisations (NPOs) and for-profit social enterprises (FPEs). An NPO is a charitable trust or a charitable society not operating for profit, whereas an FPE is a company or corporate body in the social space, operating for profit

Adani Group stocks have taken a beating on the exchanges after US-based short seller Hindenburg Research last month made a litany of allegations, including fraudulent transactions and share-price manipulation, against it

Market data shows that the value of LIC's investment in Adani stocks has come down to Rs 33,149 crore from Rs 81,268 crore on January 24 — just before the release of the damaging Hindenburg report on the conglomerate.

The proposal to extend the trading timings, if implemented, may bring in tangible as well as intangible advantages. We will begin with discussing how this move may help in bolstering liquidity further in the Indian equity markets, particularly from Foreign Portfolio Players

Fear gauge index India VIX moved down 3.30% from 15.59 to 15.07 levels. Volatility slightly fell for the day but overall has been rising from the last four sessions. Option data suggests a broader trading range between 17,200 and 18,000 zones and an immediate trading range between 17,350 and 17,850 zones

Fear gauge index India VIX moved down 3.30% from 15.59 to 15.07 levels. Volatility slightly fell for the day but overall has been rising from the last four sessions. Option data suggests a broader trading range between 17,200 and 18,000 zones and an immediate trading range between 17,350 and 17,850 zones

In the Sensex pack, Asian Paints, L&T, Titan, IndusInd Bank and Bharti Airtel were the top laggards, falling about 1-3% each. On the flip side, Axis Bank, SBI, Tata Motors, Tata Steel and ITC closed with gains.

Closing Bell: Sensex ends 139 pts lower after choppy trade, Nifty holds 17,500; SCI jumps 9%, Voda Idea sheds 4%.

Meanwhile, the occupancy rate (OR) for the industry stood at 65% in the third quarter, little lower than pre-Covid levels. With the wedding season, G20 summit meetings and resumption of foreign travel, the occupancy levels are expected to surpass the pre-Covid levels.

While the RBI’s move to remain on the path of withdrawal of liquidity could marginalise credit offtake to some extent, $60 billion at a lower base range will be available as credit in the market.

Nifty in correction mode: For all those busy guessing how things will pan out for D-Street and how long will this correction last, a small reminder, corrections are part and parcel of markets. We are now approaching the end of the earning season, and there is always a reset across various market sectors and market cap segments. 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". This predefined screener is only available to ET Prime users.

Nvidia Corp forecast first-quarter revenue above Wall Street estimates on Wednesday, noting the strong boost it saw from the use of its chips in artificial intelligence (AI) services like chatbots.The broader Europe STOXX 600 index rose 0.1% by 0806 GMT, after two straight sessions of declines on worries of central banks raising interest rates for longer

The company has fixed February 24 as the record date for the purpose of determining the eligibility of shareholders. The stock has risen about 295.34% in the last six months. So far this year, the shares have lost 6.59% on a year-to-date basis.

In Q3FY23, the company reported a total income of Rs 400 crore, down 20% from Rs 498.45 crore reported during the period ended December 31, 2021. The company's net profit declined 62% to Rs 41.24 crore in Q3FY23, as compared to Rs 108.86 crore for the period ended December 31, 2021

NIfty in a correction mode . For all those who are busy guessing how things will pan out for markets and how much time will this correction last. A small reminder, corrections are part and parcel of markets. We are now approaching the end of the earning season and there is always a reset across various market sectors and market cap segments. 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". This predefined screener is only available to ET Prime users.

The Social Stock Exchange segment will provide new avenue for social enterprises to finance social initiatives, provide them visibility and bring in increased transparency in fund mobilisation and utilisation by social enterprises.

Sonata Software is to make an upfront payment of $65 million and a $95 million achievement-based payment over the next two years. The acquisition is a cash deal and expected to be closed within 30 days subject to the completion of customary closing conditions.

The company recently reported a widening of net loss in the December 2022 quarter at Rs 196 crore, compared with Rs 126 crore in the same quarter of last year. Revenue from operations fell 9% YoY to Rs 1,823 crore for the quarter under review.

At the time of bearish market conditions focus tends to shift toward defensive stocks and FMCG sector tops the list which are considered as defensive. So there is a high possibility that investors looking for relative safety would look toward FMCG stocks. But there is more to FMCG stocks than just a few well known stocks.ET screener powered by Refinitiv’s Stock Report Plus lists down large, mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

As bears strengthen their control over Nifty and broader markets, the focus in the market is shifting to stocks which are considered as relatively better placed in times of corrections. These large cap companies have shown an improvement in their SR score at a time when analysts are revisiting their estimate in light of Q3 results and also the fact that inflation has been sticky globally and interest rates are still 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 stock rose more than 16% in the last one month which helped the stock to breakout from a descending triangle pattern which is a bearish pattern. A breakout suggests that bulls have taken control.

Key downside risks to the company include disruption due to instability in the Chhattisgarh region and regulatory uncertainty in terms of potential higher royalty demand from state governments.

Wall Street short-seller Hindenburg Research alleged the conglomerate improperly used offshore tax havens and manipulated stocks. The report also flagged concerns over its high debt levels.

The Securities and Exchange Board of India has allowed stock exchanges to extend trading in the derivatives segment till 11:55 PM and in the cash segment till 5:00 PM. The National Stock Exchange is in discussion to extend trading hours.

National company law tribunal (NCLT) admitted the firm under insolvency proceedings over a petition filed by IndusInd Bank Ltd against a default of 830.80 million rupees ($10.04 million).

Given that India's top banks are offering a maximum fixed deposit interest rate of approximately 7.10%, investors may explore investing in dividend-paying stocks to achieve higher returns. Nevertheless, it's important to note that dividend yield is not always guaranteed, unlike debt instruments, and fluctuations in the market can impact overall returns. As of February 22, 2023, we have utilized data from ACE Equity to identify the top 9 high-dividend-yielding stocks that yield over 8% from the BSE 500 list.

Prominent names in the list include Adani Enterprises, Tata Motors, Ashok Leyland, PVR, Sterlite Technologies, CEAT, Lemon Tree Hotels, Varroc Engineering, and Thomas Cook (India).

Credit Suisse maintained its positive view on Zomato but has a cautious stance on Nykaa. According to the investment bank, internet economy growth is slowing down.

From the Sensex pack, Asian Paints, Bajaj Finance, NTPC, IndusInd Bank, Titan, and Reliance were opened with cuts. Meanwhile, HCL Tech, Tata Steel, TCS, L&T, and Wipro opened with gains.

Uncertainties over a sharp sell-off in conglomerate Adani Group shares, after a critical report by U.S. short-seller Hindenburg Research, have contributed to capital outflows from the Mumbai market.

Foreign investors as well as large domestic investors have been mostly bullish on sectors with high domestic exposure like banks, autos, and cement. "We also like the pharma sector given its defensive qualities amid the slowing global economy and have started to become positive on consumption related names after the significant correction," Credit Suisse.

Options data suggests a broader trading range between 17350 to 17750 zones due to a spike in the volatility index,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services.

Sensex, Nifty flat on mixed global cues; GAIL rises 2%, ZEEL falls 6%; Yes Bank, Vodafone Idea, PNB are some of the top movers in morning trade.

From the Sensex pack, Asian Paints, Bajaj Finance, NTPC, IndusInd Bank, Titan, and Reliance were opened with cuts. Meanwhile, HCL Tech, Tata Steel, TCS, L&T, and Wipro opened with gains.

“Godrej Properties has gone into overdrive and as added a stupendous Rs.27000 cr of projects this quarter. We maintain an outperform rating with the opinion that the stock is the best player in a growing market and a target of Rs 1762 in next 12 months,” Abhimanyu Kasliwal, Assistant Vice President - Research at Choice Broking, said.

In January 2023, its price made a failed attempt to cross its September 2022 level. The Price was facing overhead supply from its September peak. Thereafter, it has formed lower highs and lower lows. Recently, the price has closed below its previous swing low near Rs 360, which suggests that further weakness is expected in the upcoming days.

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 GAIL and IGL while Kunal Bothra has a buy/sell recommendation on TCS and Bajaj Auto for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.25 per cent, higher at 17,679.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are some stocks which are expected to see some action in trade today.

The markets remain very weak on Wednesday, with the Nifty opening on a negative note and hitting further lows throughout the day, eventually closing down sharply. Remaining invested in low-beta stocks is the way to go in such tough times.

MSCI's broadest index of Asia-Pacific shares outside Japan touched its lowest since Jan. 6 in early trade. It ground 0.5% higher as the morning wore on. Nasdaq futures rose 0.9% after a revenue beat at chip designer Nvidia sent its shares up 9% after-hours.

Tata Tele Business Services Limited, known as Tata Tele Services Limited, is an Indian broadband, telecommunications, and cloud service provider based in Mumbai. It is a subsidiary of the Tata Group, an Indian conglomerate.