The S&P BSE Sensex stock hit a 52-week high of Rs 2,297 on January 20, 2023, but failed to hold on to the momentum. It corrected by about 10% to hit a low of Rs 2,073 on January 31 before bouncing back

The Dow Jones Industrial Average fell 80.64 points, or 0.24%, at the open to 34,008.63

The benchmark index rallied to an all-time pinnacle at 8,003.65 points, helped by the weak pound which boosts the share prices of multinationals whose earnings are in dollars.

"Post some retracement from the highs, L&T seems to have resumed its broader uptrend as the stock witnessed a breakout above its resistance with good volumes, and the momentum readings have given a positive crossover," Ruchit Jain, Lead Research, 5paisa.com, said.

Though Airbnb flagged pressures on average daily rates through the year due to higher bookings from less pricier urban areas and regions like Latin America, Atlantic Equities said overall travel demand should translate into strong financial performance

The regulator has decided to introduce the ISD in XBRL format for Initial Public Offer, Further Public Offer, further issues -- preferential issue, qualified Institutions Placement, rights issue, issue of American Depository Receipts, Global Depository Receipts and Foreign Currency Convertible Bonds

Fag-end buying helped Indian indices pare early losses on Wednesday. Following gains in IT, oil and select banking stocks, Sensex closed 242 points higher amid mixed global trends. Nifty reclaimed 18,000 levels. Among Nifty stocks, Tech Mahindra, Apollo Hospitals, Eicher Motors, RIL and Adani Enterprises were the top gainers, while the losers included HUL, Sun Pharma, ITC and ONGC.“The Nifty opened on a weak note but as the day progressed, it witnessed continued buying interest to close around the day’s high. Nifty has witnessed follow through buying from the previous trading session. It has managed to break above the 17972 (high of Budget day) which is a bullish sign. With the daily and hourly momentum indicator having a positive crossover, the up move is likely to gather speed on the upside.“Expansion of hourly Bollinger bands and prices moving along the upper band suggest that the positive momentum is likely to continue. On the way up, the Nifty is likely to target the zone of 18100 – 18120 which coincides with the 50% Fibonacci retracement level (18120) of the December 2021 to February 2022 decline. Thus, all parameters are suggesting further upside in the Index,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.Here are stock recommendations for Thursday:

On Wednesday, benchmark index Sensex saw a rise of about 242 points, scaling 61,275. In tune with this rally, four stocks from the BSE 500 index achieved 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 Dow Jones Industrial Average fell 80.64 points, or 0.24%, at the open to 34,008.63

Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep N.V., MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organizing the calls

India's VIX moved down by 4.39% from 13.45 to 12.86 levels. Volatility cooled off from its highs and paved the way for the strong comeback of bulls.Chart readers said Nifty closed above its 9 & 21 EMA, which is positive for the short term.Options data suggests a broader trading range between 17700 to 18300 zones, while a shift in an immediate trading range between 17850 to 18200 zones

Promoters have put 1.56 crore shares on the block, and the floor price for the sale is Rs 1,875 a share, reports said. This is a 5.6% discount on the current market price. Shares of the company ended 2.5% down on the National Stock Exchange on Wednesday at Rs 1,986.05.​

Tata Steel is planning a Rs 4,000 cr bond sale. This will be the company's 1st bond sale in 5 months. Tata Steel bond issue is coming at a time other companies have lined up debt issuance. ET Now's Anu Josh is here with the details

The broader NSE Nifty surged 86 points or 0.48% to end at 17,763

The broader NSE Nifty surged 86 points or 0.48% to end at 17,763

The addition of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts will expand the NSE product offering and its overall commodity segment. NSE has applied to the Securities and Exchange Board of India (SEBI) seeking approval to launch the additional futures contracts

The broader NSE Nifty surged 86 points or 0.48% to end at 17,763

The yellow metal had ended at Rs 56,820 per 10 gram in the previous trade.Silver also fell by Rs 195 to Rs 65,925 per kilogram."Spot gold prices in the Delhi markets traded at Rs 56,345 per 10 gram, down Rs 475 per 10 gram," said Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities.

KCD Industries India engages in the commercial services business and mainly operates in the real estate and infrastructure sectors. The company offers opportunities to customers as per their property requirements. Its land development program includes planners, engineers, architects, legal & financial advisors who plan and come up with cost-effective solutions before customers associate with any of its properties.

On Wednesday, the company's stock traded 1.37% higher at Rs 1,457 apiece on the NSE. The stock has underperformed over the last one year, down 25%. In the last 6 months, the shares lost 37%. However, in the last five years, the shares surged nearly 200%

Closing Bell: Fag-end buying drives Sensex 243 points higher; Nifty above 18,000; TechM jumps 5%, RIL 3%

The stock was last trading at Rs 22.30, up 2.76% from its previous close

Sealmatic mechanical seals are supplied to industry leaders in oil & gas, refinery, petrochemical, chemical, pharmaceutical, fertiliser, power, mining, pulp &, paper, aerospace, marine, and other industries

Shares of Adani Enterprises, which reported a consolidated net profit of Rs 820 crore for the quarter ended December against a net loss of Rs 11.63 crore a year ago, were trading 1.3% higher today at Rs 1,773. The Nifty stock is, however, trading around 58% lower than its 52-week high price of Rs 4,189.55

As part of streamlining the provisions for REITs and InvITs, the regulator said the tenure of an auditor will be made till the conclusion of the fifth annual general meeting of unitholders, and a statutory auditor will undertake a limited audit of all the entities or companies whose accounts are to be consolidated.

"This new platform is designed to meet the increasing demand of deliveries using drones from the industry. L-Series is stable, secure, it can carry significantly higher payloads and designed to work across low, medium, and high altitudes," the firm said in a BSE filing.

The company's revenue from operations surged 29% to Rs 3,721 crore for the quarter under review against Rs 2,880 crore in the corresponding quarter of last year. Meanwhile, margins improved to 23% in the third quarter as compared to 20% in the same quarter of last year.

While the focus of news stays on ACC and Ambuja, it would be better to look at many other players, some of them in smallcap space. They are ignored because either they are present only in one region or their overall capacity is not very high. However from a stocks market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions.

Some investors believe that the elevated valuation could sustain strong local flows. There were questions from investors on whether the underperformance led by the China reopening was now behind," said Kunal Vora, Head - India Equity Research, BNP Paribas India.

The dollar bought 133.25 yen in Asian trade, against 133.07 yen in New York and 131.89 yen in Tokyo late Tuesday. Sony Group gave up early gains and ended down 0.64 percent to 11,705. SoftBank Group fell 1.01 percent to 5,791 yen.

Retail investors such as Mistri are part of a groundswell that is changing the face of the world’s second-biggest emerging market. Roughly 1 million new trading accounts are opened every month, and the total has now climbed above 110 million, more than the populations of South Korea and Spain combined

Its consolidated revenue from operations in the quarter under review was at Rs 3,353.36 crore, as against Rs 2,394.69 crore in the same period last fiscal. Total expenses in the October-December period this fiscal was at Rs 3,178.9 crore, up from Rs 2,093.39 crore in the year-ago quarter, it added.

The behemoth announced to pay the interim dividend benefit to eligible shareholders of the company from Friday, March 3, 2023, to Sunday, March 5. Its board fixed the record date for determining the members eligible for the corporate reward as Wednesday, Feb 15, 2023.

Amrutanjan did not immediately respond to a Reuters' email seeking further details on the complaint, including if the company has conducted its own probe or if the managers were still employed with the company.

"The Nymex WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world's most traded commodity derivatives contracts generating interest from across the globe," Sriram Krishnan, Chief Business Development Officer.

Since the selloff began after New York-based short-seller Hindenburg Research put out an explosive report on January 24 making a series of allegations against Adani Group companies, the stock has been in a free fall. The combined market capitalisation of all Adani companies has halved, taking the total loss to Rs 10 lakh crore.

Railways is not only India’s largest employer in terms of having more than a million employees but also it is one of the biggest spenders on infrastructure, which makes it one of biggest buyers of steel, cement, engineering services in the country. Over the last seven years, the trend in the capital expenditure by railways has seen a distinct change, from being ad hoc in nature, it is far more planned and effective in terms of delivery, which helped improve the operating matrix of many companies.

The stock found support around Rs 502 earlier in February 2023 for the second time after March 2020 before recouping some losses. Most technical indicators are in an oversold zone and chances of a technical bounce back is on cards.

SBI Mutual Fund: FSN E-Commerce, Steel Authority of India, GlaxosmithKline Pharmaceuticals, National Aluminium Co, Hindustan Aeronautics, Trent, L&T Finance Holdings, Bank of India, Motherson Sumi Wiring India Ltd, and United Spirits

Morgan Stanley maintained an equal-weight stance on the stock. “The company has gained market share post launch of Hunter. Margins and market share are likely to peak in 2023. Full benefits of commodity price decline and price hikes

The new energy ecosystem business revenue more than doubled to Rs 1,427.40 crore. The airports business also saw revenue doubling to Rs 1,733 crore. In the new energy vertical, the company saw solar modules volume increase by 63% to 430 MW. In the mining business, production volume stood at 6.2 million tonne.

However, despite all brokerages seeing promising upside potential in the stock, mutual funds (MFs) are steadily dialling down their exposure to India's most sought-after bank stock.

The 60-year-old billionaire Gautam Adani had yesterday told shareholders that the current market volatility is temporary. The industrialist said as a classical incubator with a vision of long-term value creation, the company will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow.

The overall market sentiment remains that of caution to negative as rising inflation levels once again raises fears of more rate hikes going ahead, which could further deteriorate the economic health, said Prashanth Tapse - Research Analyst, Senior VP (Research), Mehta Equities.

During the month, mutual funds bought Zomato 3.47 crore shares of the food delivery company. ICICI Prudential AMC doubled its holding in the stock. For Baroda BNP Paribas Mutual Fund, it was among the top new additions as the AMC bought Zomato stocks worth Rs 9.45 crore.

Life Insurance Corporation (LIC) continues to command a lion’s share of investments in equities by insurance companies (at least 70% share or Rs 10.91 lakh crore). The insurer's holding across 268 companies, where its holding is more than 1%, increased to 3.95% as on December 2022 from 3.87% as on December, according to Prime Database.The insurer's holding went down in 108 companies listed on NSE in the last one quarter. The companies which saw the highest decrease in LIC’s holdings in value terms are as follows. (Source: Prime Database)

Opening Bell: Sensex sheds 175 pts, Nifty below 17,900; Torrent Power rallies 7%, Bharat Forge drops 4%.

From the Sensex pack, ITC, HUL, L&T, Bajaj Finance and TCS were the top losers, falling about 0.5-1.5%. Infosys, Titan, Wipro, Asian Paints and Power Grid also opened with losses. However, Reliance, Tata Steel, Bharti Airtel and M&M opened with gains.

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 RIL and ICICI Bank, while Kunal Bothra has a buy/sell recommendation on ICICI Bank and ITC for today's trading session. Check out the targets and stop loss.

The counter has witnessed a primary trend-line breakout on the weekly chart with strong volume followed by a breakout of a bullish flag formation. The stock is trading above its important moving averages.