China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the global economy.

Equities' trajectory in the near future may depend on whether Tuesday's consumer price index report shows inflation is responding to the most aggressive Fed hiking cycle since the 1980s. Hotter-than-expected data could bolster fears of more Fed hawkishness, pressuring stocks.

Some economists do expect Powell to continue to emphasize the risks of not doing enough to fight inflation rather than about going too far, with a rise in unemployment a painful but necessary part of the process.

China publishes key economic data as Beijing loosens some of its strict COVID-19 shackles, while PMIs will provide a health check for the global economy.

“Being physically fit is one of the key tenets to being mentally fit. I believe a regimen of regular workouts and disciplined eating had kept me going through life,” Vikaas M Sachdeva - Managing Director - Sundaram Alternates, said.

Despite a stellar run, public sector bank stocks are far from their lifetime highs. Analysts remain bullish on the entire public sector bank pack and recommend buying them given the favourable risk-reward.

The S&P 500 shed 0.7 percent, finishing at 3,934.38, while the Dow Jones Industrial Average lost 0.9 percent to end at 33,476.46. The tech-rich Nasdaq Composite Index slipped 0.7 percent as well to 11,004.62.

AIFs may accept commitments from a government or government-related investor that does not meet the signatory condition, if the investor is a resident in the country as approved by the Indian government, Sebi said.

Analysts said traders must refrain from building bullish bets on IT stocsks as the sector may continue to see more pain over the next three months to one year due to bleak revenue growth prospects that may curtail tech budgets and IT spending.

Lenders have set a reserve price of ₹400 crore, implying a recovery of 61% on principal dues. Banks led by the Bank of Baroda have invited expressions of interest by December 22, and an e-auction is scheduled on December 23, according to a notice issued by lenders to asset reconstruction companies.

The action follows a detailed corporate governance review by the company's board into allegations of lapses and misdoings during the tenure of Grover as managing director.

The Reliance Capital's Committee of Creditors (COC) met on Friday and finalised the process and rules for conducting an e-auction for the bidders.

Average assets under management (AUM) of the industry rose to ₹40.49 lakh crore from ₹39.53 lakh crore in the previous month, largely on account of mark-to-market gains due to rising equity markets.

Wall Street's main indexes have come under pressure in December after two consecutive months of gains on fears of a potential recession next year due to extended U.S. rate hikes

Experts say Dalal Street will remain attractive because the return on equity is generally higher than FDs. “The lock-in period is 5 years in respect of tax saving FDs and to avail the favorable tax break the equity needs to be held for a period greater than 12 months, which is significantly less than FDs lock in,” said Archit Gupta, Founder and CEO, ClearTax.

In the US, only 14% Indians want to invest in FDs as against 20% in the UK

The Dow Jones Industrial Average fell 34.77 points, or 0.10%, at the open to 33,746.71

Benchmark index Sensex closed lower by about 390 points at 62,181 on Friday. Despite free fall, six stocks from the BSE largecap 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.

Despite a dip in the total flow into equity mutual funds, inflows into SIPs touched another record high in November. Monthly data from AMFI shows SIPs contributed Rs 13,306.49 crore in November. "SIP contribution remaining above Rs 13,000 indicates better awareness among retail investors about long-term orientation of equity investments and wealth creation opportunities from India’s growth trajectory," said Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC.Take a look at how many SIP accounts were added in November, where the SIP AUM value stood, and how many new SIP registration happened.

Sebi, in November, had put in place operational guidelines pertaining to "scheme of arrangement" by entities who have listed their debt securities -- non-convertible debentures (NCDs) or non-convertible redeemable preference shares (NCRPS).

The weekly charts also painted a bearish tone in the near term. “The short term uptrend status of Nifty seems to have reversed down. Having moved below the crucial support of 18,550-18,500 levels, Nifty is expected to slide down to the next key lower support

After a day’s breather, benchmark indices ended in the red again on Friday. Nifty shed 113 points to end at 18,497, while Sensex plunged 389 points and settled at 62,182. Weakness was broad based, as stocks in the midcap and smallcap segments, too, saw profit booking.All the sectoral indices, barring Nifty FMCG and Nifty Pharma, ended in the red.Following are the stocks that attracted investors’ attention on Friday:

The fall in domestic equities was led by the information technology pack after a profit warning by sector major HCL Technologies soured the mood

Closing Bell: Sensex tumbles 389 points; Nifty settles below 18,500; Tech Mahindra cracks 4%, Infosys 3%

The fall in domestic equities was led by the information technology pack after a profit warning by sector major HCL Technologies soured the mood

However, the SIP book had a different story to tell. In November, the SIP inflow was at an all-time high at Rs 13,307 crore vs Rs 13,040 crore recorded in October. It was for the second straight month that the SIP flow was above Rs 13,000 crore mark.

"The big victory of incumbent BJP in Gujarat will aid in continued policy momentum and preclude the need for any populist measures in the forthcoming budget, in our view," Motilal Oswal's research analyst Gautam Duggad said.

U.S. stocks advanced overnight, with the S&P 500 snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of the Federal Reserve's interest rate hikes could soon slow.

Bank Nifty option chain reflects PE writers standing tall at 43,000/43,500 strikes

Data on Thursday showing a rise in U.S. weekly jobless claims, however, has raised investor hopes that the Federal Reserve could temper its aggressive stance on interest rate hikes.

Along with the major auto companies, auto ancillary companies had been under pressure for some time. With commodity prices cooling off from their highs and increasing demand for the auto industry, select auto ancillary companies are making a comeback. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

However, the SIP book had a different story to tell. In November, the SIP inflow was at an all-time high at Rs 13,307 crore vs Rs 13,040 crore recorded in October. It was for the second straight month that the SIP flow was above Rs 13,000 crore mark.

These factors, coupled with macro-economic headwinds including the liquidity tightening, has left start-ups who are still burning cash at a crossroads. So, what is different about the public market investor sentiments from the private investors? Well, while public markets investors want start-ups to be more disciplined in their spend, private investors take a long-term growth perspective of business and are more patient.

The timeline of the buyback will be released later on.The stock which has a market capitalisation of Rs 2,700 crore has rallied over 32% in the last 6 months. The smallcap was trading 3% higher at Rs 183.65 after the buyback announcement.

The private lender filed the petition under Section 7 of the Insolvency and Bankruptcy Code, which allows a financial creditor to apply for initiating the process. The NCLT has issued a notice to Digital Ventures.

"With macro conditions deteriorating, positive news on this front is highly unlikely, we believe. HCL Tech also highlighted that there is greater level of vendor consolidation underway right now than in the recent past not only due to challenging macro circumstances, but also due to weeding out of a few global top 10 service providers based on risks associated with them," Nirmal Bang's Head of Research Girish Pai said.

Mukesh Ambani's Reliance Industries (RIL) has emerged as the largest wealth creator on Dalal Street in the last 5 years. With a gain of Rs 13 trillion, RIL has emerged as the largest wealth creator over 2017-22, shows Motilal Oswal's wealth creation study. Followed by TCS, Infosys, and HDFC Bank in top wealth creators list. Take a look at how much each company has created the wealth in the last 5 years with key indicators.

Expert: Nooresh Merani, an independent technical analyst told ETNow - IndusInd Bank: Buy| Target Rs 1350| Stop Loss Rs 1160

"With macro conditions deteriorating, positive news on this front is highly unlikely, we believe. HCL Tech also highlighted that there is greater level of vendor consolidation underway right now than in the recent past not only due to challenging macro circumstances, but also due to weeding out of a few global top 10 service providers based on risks associated with them," Nirmal Bang's Head of Research Girish Pai said.

Citigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-being which is a positive sign, the brokerage said.

As nifty continues to make new high’s, mid-caps stocks are making a comeback. Only difference is that the market is more selective in making stocks inch higher. 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.

Lupin’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses. In the last trading session, it closed in the negative with 1.9% with an extended range candle and it might go further down. Based on option chain analysis, the range is between 700 and 800. Using the PCR ratio, it is at 0.95. Let’s plan a trade around that.

China has managed to avert a hard landing by offering a relief package to the residential property developers, whether the sector will see a meaningful recovery remains a medium-term issue, according to GREED & fear.

In the NSE list of stocks with a market cap between Rs 1,000-10,000 crore, four stocks crossed their previous 5-year high value at the close on December 8, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look

Sensex jumps over 100 points; Nifty tests 18,650; Paytm surges 5%, HCL Tech tanks 4%.

In the first half of FY23, midcaps posted stronger sales (+30% YoY) but weaker EBITDA margin (avg -210bps). "But now, many sectors (eg: durables, tiles, electrodes) are alluding to softer offtake, leading us to pencil lower sales growth in H2 at +14% YoY," global brokerage firm Jefferies said in a report.It believes that select demand pockets like private capex revival and PLI upside may remain healthy. While recommending a bottom-up approach in stock selection, it has come out with 5 midcap stock ideas for 2023:

Investors are likely to build steady buying positions ahead of next week's much-awaited US monetary policy announcement. Back home, a sweeping and historic victory for BJP in Gujarat elections supported the sentiments.

“Indian Hotels is the largest listed hotel chain company in India operating several luxury hotels across all metro cities and major tourist destinations in India. IHCL operates the iconic Taj Group of Hotels, the Vivanta and SeleQtions hotels, making up two-thirds of their total number of hotels in their portfolio,” Anmol Das, Head of Research, TejiMandi, said.

IHCL has shown its dominance and pricing power with domestic travelling already in full swing, increasing foreign tourist arrivals will make occupancy levels increase to even higher than current levels allowing the further potential of premium addition in Average Room rates.

According to Nomura Financial Advisory and Securities, this tie-up opens up export avenues for Britannia, and given that Bel Group is a major player in the healthy dairy, fruit and plant-based snacks, it will give the former access to new categories from its global portfolio.