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 Indusind Bank and City Union Bank while Kunal Bothra has a buy/sell recommendation on Axis Bank and Ambuja Cements for today's trading session. Check out the targets and stop-loss.

"Factoring in the rate hike expectation by the RBI, the long-term bond yields have gone up 82 bps in 2022 so far. Currently, the BEER ratio is trading above 1stdev, indicating a slightly expensive equity market at current levels as against the bond market," Axis Securities said in a report.

If there is some recovery in global growth and sentiment, over “6-12 months some of these markets that have become oversold may do better than India because India has outperformed so much in the last 18 months,” said Hiren Dasani, managing director at Goldman Sachs Asset Management. “But in the medium term India will do much better because of the compounding opportunity of growth.”

Nifty futures on the Singapore Exchange traded 48 points, or 0.26 per cent, higher at 18,775.50, signaling that Dalal Street was headed for a positive start on Friday. Here are some stocks which may buzz the most in today's trade.

Apart from China optimism, investors are focused on U.S. producer price inflation figures later in the day for more signs about the health of the U.S. economy, after data overnight showed some loosening in the labour market, with weekly jobless claims rising moderately.

Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.

Stocks rose as investors cheered data showing the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end of November.

The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow.

Foreign exchange analysts are not ruling out the likelihood that some forward contracts that RBI had to honour would have come up for maturity. That could also have led to the addition of spot-dollar reserves. RBI Governor Shaktikanta Das has also underscored the focus on building up forex reserves to deal with uncertain external financial conditions.

Businesses are typically structured as corporates or trusts. The VCC is a specialised structure intended for the asset management industry specifically.

Paytm, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.

Several banks, along with industry bodies representing money and currency market dealers, met on Wednesday to discuss the probable fallout on financial markets if the RBI and the European Securities and Markets Authority (ESMA) fail to sort out their disagreement.

Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL's Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.

Reliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal are among some 23 entities that have expressed interest in the company.

Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat's Jamnagar district, effectively giving banks a recovery of about 36% on their dues. Banks as well as Essar officials are working out legal and other details to complete the settlement, multiple persons aware of the deal, said.

Elon Musk's takeover of Twitter may also be weighing down the shares of Tesla. The electric car maker's shares have slumped more than 47% since Musk on April 14, 2022, announced the intention to buy out Twitter. Tech giants such as Apple, Microsoft, Alphabet, and Nvidia have fallen between 12% and 25% since April 14.

Trent is divesting its stake of around 3.22% of Tata Unistore on a fully diluted basis to Tata Digital. The shares of TUL will be sold to TDPL for a total estimated value of ₹24.14 crore, with no consideration of cash, but in the form of Compulsorily Convertible Preference Shares of the promoter group company.

Long-term investors can look at buying the stock now or on dips for a possible target towards Rs 500 in the next 4-5 quarters, which translates into an upside of nearly 200% from Rs 177 recorded on December 7, suggested experts

At 10:43 a.m. ET, the Dow Jones Industrial Average was up 241.67 points, or 0.72%, at 33,839.59, the S&P 500 was up 32.12 points, or 0.82%, at 3,966.04, and the Nasdaq Composite was up 130.60 points, or 1.19%, at 11,089.15.

“The bulls came back strong and knocked out the bears with full force surpassing the hurdle of 43,500 on a closing basis. The index confirms the continuation of the uptrend towards 44,000-44,600 levels on the upside. The lower-end support stands at 43,000, which will act as a cushion for the bulls. The index remains on a ‘buy’ mode and any dips should be utilized to initiate fresh long positions,” Kunal Shah, Senior Technical Analyst at LKP Securities, said.

"Zomato seems to have captured incremental market share against Swiggy. We remain positive on Zomato with a fair value is closer to Rs 100," Shrikant Chouhan, Head of Equity Research (Retail) Kotak Securities, said.

The stock ended 0.3% down at Rs 508.40 on the BSE. Year-to-date, the stock has fallen by more than 67%.

The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, with two government officials with knowledge of the matter pointing to a production adjustment as it faces disruptions in China.

The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open

Benchmark index Sensex closed higher by about 160 points to 62,570 on Thursday. During this rally, four stocks from the BSE commodities index managed to touch new 52-week highs.s current value and for predicting its future price movement.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 all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe's valuation close to $13 billion, according to the report.

The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.

The property sector in India is seeing a multi-year pent-up demand and is more dependent on the pricing sentiment instead of mortgage rates. As a result, the 225-basis-point hike in repo rate by the Reserve Bank of India since May this year hasn’t affected the housing demand.

In its board meeting on Wednesday, the company announced a special interim dividend of Rs 100 per equity share i.e. 1000% of the face value of Rs 10 each fully paid up for the financial year 2023.

Kotak further said the US Federal Reserve's decision on interest rates this month will be a signal for other central banks

The inside body candle on daily charts is indicating non-directional activity and indecisiveness between bulls and bears. For bulls, 18,675 would be the important breakout level to watch out for. And above the same, we can expect a quick uptrend rally up to 18,800-18,835. On the flip side, trading below 18,500 may fuel further weakness up to 18,435-18,400.

The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.

Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:

Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:

Indian equity markets traded with good gains on the Gujarat assembly election result day. The Bharatiya Janata Party (BJP) retained power for the seventh straight time in the state with a landslide victory. The BJP has broken the record of the highest-ever seats of 149 in 1985 held by Congress' Madhav Singh Solanki. From the BSE 500 list, here are Gujarat-based 9 stocks that have gained over 50% so far this year (Data Source: ACE Equity).

The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.

Closing Bell: Sensex snaps 4-day losing streak; gains 160 points; Nifty tops 18,600; BoI rallies 9%, BoB 6%

A sweeping victory for the Bharatiya Janata Party in Gujarat assembly elections did little to lift the mood in Dalal Street, as the hawkish view of RBI on inflation Wednesday played on the minds of investors

Adani's flagship Adani Enterprises, which has more than doubled in 2022 itself, has also been India's most consistent performing stock during 2017-22. It has outperformed the BSE Sensex in all the last 5 years and has the highest price CAGR of 97%.

The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.

TCS (Rs 9,548 crore), Infosys (Rs 5,795 crore), HDFC Bank (Rs 4,108 crore) and Bajaj Finance (Rs 3,614 crore) were the other top wealth creators on the list. Adani Transmission, which made investors richer by Rs 2,538 crore during the last 5 years, is the only Adani group stock in the top 10 list.

The index dropped for a fourth straight session on Wednesday on rising concerns over a slowdown in economic growth ahead of a slew of interest rate decisions from major central banks next week.

However, analysts have a mixed opinion on the counter as a few suggest holding the counter for the long term, whereas others suggest profit booking, either on a partial or full basis.

After the Q2 earnings, a host of brokerage firms have initiated coverage on several stocks across various sectors, including banking, logistics, consumer durables, financial services, FMCG, and retailing. They majorly have a positive view of these counters and seeupside potential between 15-38% in the coming months. Here are as many as eight stocks where brokerage firms have initiated coverage:

In Japan, chip-making equipment maker Tokyo Electron lost 0.94%, game and audio equipment maker Sony Group fell 1.93% and robot maker Fanuc slipped 0.6%.

Finbridge Expo is India’s leading exhibition and conference, catering specifically to the financial services and technology industry.

While NIFTY continues its upward journey and forms a new high, the market is getting into stock specific mode as some voices of caution also start to pour in. The primary reason being that if a correction happens, then it is a select set of stocks which would be able to hold their head above water. These stocks from different sectors are identified on the basis of data from the latest Stock Reports Plus report. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on December 7. Take a look:

There are positive factors favouring India, such as relatively benign inflation compared to world economies, strong domestic growth, robust consumption trends, strong earnings growth expectations, and the easing of commodity prices in the recent months, with a sharp decline in brent crude prices from $110 to now below $80, is like a cherry on the cake.

The entire commodity cost basket, on average, showed slight signs of moderation. The downward momentum in crude and crude derivatives and palm oil prices augurs well for Paint companies, PIDI, GCPL, and HUVR.