As the Nifty stays in a volatile yet range-bound mode, besides fear of further correction, many investors, especially the ones sitting on cash are confused about what they should do with their existing stocks – buy the dip or not. For all those investors confused about whether to buy and what to buy, ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

The exposure to the Adani group once again brought limelight back on the banking sector. There were some tremors felt in the PSU banking space, however the private sector banks did not see any major impact. This does not mean that private sector banks like ICICI, HDFC and Axis have not seen their share of troubles. For the last four years, the street readjusting the valuations as large private sector banks went through a phase change at the leadership level.

Just eight months back, when interest rates on fixed deposits were hovering around 5%, it made sense to own stocks where dividend yield was then 7% . Now with interest rates on FDs hovering above 7%, buying a stock with a 7-8% dividend yield may not appear the best decision. In such conditions, investing in stocks where the dividend yield is not even 5%, would appear to be even worse. But if dividend yield of 4-5% is combined with probability of capital gains, based on long term track record, it is worthwhile to bring that stock on your watch list.

While Reliance Industries, ICICI Bank, HDFC, ITC and Bharti Airtel were the gainers from the top-10 pack, TCS, HDFC Bank, Infosys, Hindustan Unilever and SBI were the laggards. The market valuation of Reliance Industries rallied Rs 70,023.18 crore to Rs 16,50,677.12 crore. ITC's market capitalisation (mcap) jumped Rs 14,834.74 crore to Rs 4,75,767.12 crore.

The US currency also had appreciated almost 8% versus most currencies and 10% versus India, which in 2023 so far has been stable. The DXY correction of 10% from its peaks of 115 also gives the Global and Indian investor reason to cheer.

Now, amid rising interest rates, persistent inflation and warnings of a potential recession on the horizon, research from S&P Global Ratings is underscoring just how far from reality the earnings projections are proving to be

"While global cues could act as the major trigger for domestic equities in the near-term, the Nifty 50 is likely to remain resilient due to reasonable valuations and India's macro stability," said Narendra Solanki, head of equity research at Anand Rathi Shares and Stock Brokers. Here are the factors that will drive markets in the week ahead.

The nine stocks are Nuclear Software Exports, Finolex Cables, Waaree Renewable Technologies, Chaman Lal Setia Exports, PG Electroplast, Ganesh Benzoplast, WPIL, Zen Technologies, and Apar Industries. Nuclear Software Exports hit its 52-week high on February 16. The stock has rallied 39% in the past week. So far this year, the shares have surged 42% on a year-to-date basis.

On the daily chart, Nifty has closed just a notch below the crucial 100-DMA which is placed at 17,967. With 50-DMA placed at 18,033, Nifty has multiple resistances to navigate between 17,950-18,050 levels on both daily and weekly charts. In other words, some meaningful up move shall happen only after Nifty moves past 18,000–18,100 levels convincingly.

Today, India’s key challenges are selling from FIIs, a high-interest rate, elevated inflation, and slowing earnings growth. We feel that most of the issues are getting factored into the prices. If the cautiousness continues in the short-term, we can presume that the worst is over, limiting further price corrections though valuation moderate.

Take the above concept to understand some investor’s bias, when a stock gets included in popular indices like Nifty50, based on past performance. The above average performance may not sustain after the inclusion, as it is just reverting to its long-term mean.

Every business has its own operating matrix. Some require a high dose of capital at one point of time, others require a constant dose of capital. Let's take the case of banks, in order to grow and also what the regulatory conditions require, banks need to raise capital much more regularly as compared to any other industry. One if you look at the capital raised during the covid period, it was banks which were on top of the list, both private and public sector banks. However in the case of manufacturing, there is a requirement of large capital at one point of time. But in both cases, what is more important is how efficiently the management uses capital so that shareholder returns are maximized. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Even as NIFTY continues to witness volatile moves, bias of the underlying volatility is changing from extremely bearish to neutral. However, even during this period, there are still some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

While these numbers should not put you off investing in mutual funds, it is better to understand the underlying risks of investing in mutual funds to formulate a strategy and earn decent returns.

Benchmark indices Sensex and Nifty rose 0.99% and 0.62% for the week, respectively. Meanwhile, the BSE Smallcap index lost about 0.33% in the past five days.

The main indexes were on track to lose ground for the week as economic data pointed to elevated inflation, a tight job market and resilience in consumer spending, giving the Fed more room for to raise borrowing costs.

Jefferies was among the five brokerages that cut the Nestle India stock’s price target after spotting a near-term trend reversal at the FMCG major after industry-leading growth for several quarters.

The salaries and compensation of chief executives in the IT industry are one of the most hotly discussed topics in India with frequent parallels drawn with entry-level employees. Here's a list of the highest-paid executives in the sector who take home jaw-dropping amounts. (Source: Trendlyne)

According to the Bank of international settlements, many banks have portfolios of traded instruments for short-term profits. These portfolios referred to as trading books are exposed to market risk, or the risk of losses resulting from changes in the prices of instruments such as bonds, shares and currencies. Banks are required to maintain a minimum amount of capital to account for this risk.

The court will select the committee's members on its own, said a bench headed by Chief Justice DY Chandrachud. The apex court is hearing public interest litigation (PIL) on the Hindenburg Research report into the Adani Group and the impact it has had on investors.

Overseas investors too seem less concerned than in the initial days of the Adani rout. Foreign funds boosted holdings of Indian stocks for six straight sessions through Thursday, the longest streak since November, according to the latest exchange data compiled by Bloomberg.

Adani Wilmar has been included in Nifty Next 50 and Nifty 100 indices, whereas Adani Power will now be part of Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250, and Nifty Midsmallcap 400 indices

​Primary dealers were forced to take Rs 8,254 crore out of the Rs 12,000 crore bonds auctioned at 7.34% yield after the RBI rejected bids for that amount

Goldman Sachs and Bank of America forecast three more times rate hikes this year and by a quarter of a percentage point each, up from their previous estimate of two rate rises

The FMCG on Friday signed a deal with Singapore-based Reactivate Brands International to divest the two brands in the “atta and salt” categories of the foods business for Rs 60.4 crore

Recent economic indicators show that the Fed’s mission to bring down inflation is “very much unaccomplished,” Hartnett wrote

The company made the remarks in response to a BSE query seeking clarification with reference to movement in volume of its shares

Large dilution is expected from equity conversion on the deferment of adjusted gross revenue (AGR) and spectrum liabilities, which adds to the woes

This is the second consecutive week of drop in the reserves after the $1.49-billion decrease in the previous reporting week

The Dow Jones Industrial Average fell 19.84 points, or 0.06%, at the open to 33,677.01

According to a regulatory official, the government will provide a credit line to ensure funds have liquidity equivalent to Rs 30,000 crore

The benchmark index Sensex closed lower by about 317 points to 61,002 on Friday. Despite a weak market, 8 stocks from the BSE 500 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.

In a speech to financial analysts, Villeroy, who is also governor of the French central bank, said that rates would then "probably" reach their peak in the summer, at the latest by September

The draft said government securities issued by the central government excluding Treasury Bills would be eligible for lending/borrowing under a GSL transaction

Pricol says no intent of stake sale or raising equity

However, it has formed a small-bodied bullish candle on the weekly frame with bigger shadows on either side, which indicates a tug-of-war between bulls and bears near the 18000-mark, said Chandan Taparia, vice president - derivatives, Motilal Oswal Financial Services

These include ACC, Kotak Mahindra Bank, Canara Bank, IDBI Bank, YES Bank, Union Bank of India, Indian Hotels, Jindal Steel & Power, Shriram Finance, Trent, and Tube Investments.

The investment comes as part of efforts by the kingdom's Public Investment Fund to diversify Saudi Arabia's economy away from oil, including billions already spent on video game firms. The fund has been a major component in the plans of Saudi Crown Prince Mohammed bin Salman, himself said to be an avid gamer

Financial investors may be underestimating the persistence of inflation in the euro zone, European Central Bank board member Isabel Schnabel said in an interview published on Friday

Incorporating Q3FY23 results, the brokerage is bullish on sectors like BFSI, auto, and IT. While the metals, telecom & pharma space witnessed a downgrade with aggregate Nifty earnings remaining broadly unchanged

Despite more than half of Nifty stocks trading below the wall of worry posed by the 50 DMA (daily moving averages), the index closing above this moving average indicates a positive bias, said Anand James, Chief Market Strategist at Geojit Financial Services

The market capitalisation of all listed companies on BSE declined by Rs 1.4 lakh crore to Rs 266.9 lakh crore

Closing Bell: IT, bank stocks drag Sensex 317 pts lower; Nifty below 17,950; Minda Corp drops 5%, TCNS Clothing zooms 12%.

Nonetheless, the commentary of little tolerance for underperformance has enthused investors, expecting an improvement in the company’s fortunes, it added

Fresh projects announced in the April-December period grew by a sharp 53% YoY, led by manufacturing, electricity, and infrastructure, Emkay Global Financial Services said in its report. These segments saw growth of 51-64% YoY growth in order wins

Kotak's comments came in the wake of several Fed policymakers this week signalling more rate increases to bring inflation down to the central bank's 2% target

U.S. data on Thursday showed the highest rise in producer prices in seven months in January, while another report showed the number of Americans filing new claims for unemployment benefits unexpectedly fell last week, fuelling the prospects of the Fed raising rates for longer

"The promoters have absolutely no intention of undertaking any secondary sale of promoter stake nor does the company have any intent to raising equity capital of any form as the company has strong financial fundamentals and healthy cash profits that will meet the needs of capital for its future growth," Pricol said in a filing.

FMCG major Nestle India on Thursday posted a 66% year-on-year (YoY) rise in net profit at Rs 628 crore for the fourth quarter ended December 2022. The profit stood at Rs 379 crore in the corresponding quarter last year.

Barring Adani Total Gas, Adani Transmission, and Adani Enterprises, all other 7 stocks from Gautam Adani's empire were trading in the green zone