Since last week, Nifty has been range-bound, and until we get a decisive move above the zone of 17850 – 17900, the range-bound action is likely to continue. The daily momentum indicator has a positive crossover which is a buy signal and also suggests that this dip should be bought into. Overall, we expect the Nifty to test the upper end (18100) of the downward-sloping channel from a short-term perspective.

The Securities and Exchange Board of India (SEBI) told India's Supreme Court that it was inquiring into market activity immediately before and after Hindenburg Research published its repor

GRSE posted a total income of Rs 749.38 crore in the quarter ended December 2022 as against Rs 530.86 crore during the quarter ended December 2021, recording a gain of 41%. The company's EPS stood at Rs 5.58 for Q3FY23 as compared to Rs 5.49 for the period Q3FY22.

"Balance sheet of each of our impendent portfolio companies is very healthy. We have industry-leading development capabilities, strong corporate governance, secure assets, strong cashflows, and our business plan is fully funded," Adani Group spokesperson said in a statement.

The company's net profit has more than doubled to Rs 2.17 crore for the December quarter. It was Rs 1.07 crore in the previous year period. On a sequential basis, the profit rose 95% from Rs 1.11 crore reported in the preceding September quarter

The 30-share BSE benchmark Sensex declined 251 points or 0.41% to settle at 60,432. The broader NSE Nifty dropped 93 points or 0.52% to end at 17,763.

Losses in IT, financials drag Sensex 251 points lower; Nifty below 17,800; Coforge drops 7%, SBI 3%; Sun Pharma, Oil India, Future Consumer , Glenmark Pharma are some of the top gainers in closing trade.

Banco Products, commanding an m-cap of Rs 1688 crore, has established a niche for itself in the business of engine cooling and sealing systems for both automotive as well as industrial applications. The company got listed on the stock exchanges in 1987.

European shares posted their first weekly decline in three on Friday, with analysts now pointing to bonds as a viable alternative to equities as a surge in U.S. Treasury yields made them more attractive

In Q3FY23, Cochin Shipyard recorded a profit of Rs 110.40 crore compared to Rs 129.38 crore in Q3FY22, representing a fall of 14%. The company posted a profit before tax (PBT) of Rs 140.46 crore compared to Rs 175.04 crore in the year-ago quarter, representing a fall of 19.75% YoY

The company's net profit dropped to Rs 1.04 crore for the three months ended December period, compared with Rs 1.14 crore in the corresponding period of last year. Meanwhile, revenue from operations, during the said quarter more than doubled to Rs 5.4 crore as against Rs 2.1 crore in the same quarter of last year.

Hem Securities' India Rising SME Stars fund, which is just 11 months old, managed a monthly return of over 3%. The PMS fund focused on smallcaps and SME stocks has been among the top performers in the last few months. The six-month return of the fund is an impressive 47.57%

Chip equipment maker Tokyo Electron slipped 4.39%, becoming the biggest drag on the Nikkei. Its peer Advantest fell 1.57%, while technology investor SoftBank Group lost 1.12%

The consensus recommendation from 23 analysts for the stock is hold. Out of the 23 analysts covering the stock, 11 have strong buy and buy ratings, six have strong sell and sell ratings, and six have hold ratings.

While the coming year is expected to be characterised by a firmer handle on inflation and interest rates peaking out, the same will come at the cost of economic growth for a couple of years ahead. Growth in the U.S is estimated to be largely flat while growth in the EU is expected to contract by over 1%. At the same time, we expect Asian economies to exhibit a modest rebound with an estimated growth of 3.5% to 5% - contingent on public policies around fuller re-opening the economy.

The recent lithium discovery is classified as G3. Further exploration, a detailed mapping including geochemical and geophysical surveys and drilling, is required to arrive at a G1 estimate. Simultaneously, an economic analysis will also be conducted to determine economically viable extractable mineral content.

On a standalone basis, billing for the quarter stood at Rs 551 crore, up 14.5% year-on-year, while YTD billing came in at Rs 1618 crore, showing a YOY growth of 33%. Billing including acquired operating businesses (Zwayam and DoSelect) for the Qtr stood at Rs 566 crore, a growth of 16.5%

Last week it was reported that market regulator Sebi is investigating Adani Group's links to some of the investors in Adani Enterprises FPO, which was aborted later on. Sebi is said to be investigating relationships between Adani and at least two Mauritius-based firms -- Great International Tusker Fund and Ayushmat Ltd. -- which participated as anchor investors in the Rs 20,000 crore FPO.

Gold weakened past $1,860 an ounce on Friday and set to decline for the second straight week.

Meanwhile, the company's board has approved the sub-division or split of its equity shares in the ratio of 1:10. It means that each share of the company with a face value of Rs 10 will be divided into 10 equity shares with a face value of Re 1 each.

In line with the September quarter earnings, the incremental gross margin in the Express Parcel and PTL businesses combined continued to be approximately 50% in the third quarter as well. Revenue from Express Parcel services grew 7% quarter-on-quarter to Rs 1,200 crore in the third quarter as against Rs 1,125 crore in the second quarter.

Still, the total value of India’s market was about 6% lower than Jan. 24, the day before the selloff in Adani stocks began. While steps by the group to restore investor confidence have helped its shares reclaim some value, they remained $120 billion lower than before the rout.

RIL shares are down around 19% from its 52-week high of Rs 2,855. Trendlyne data shows that the stock has buy ratings from 27 analysts out of 32. The average share price target of Rs 2,864 implies an upside potential of 22.6%.

This stock has risen from the low of below Rs 700 to a high above Rs 800 in the last one month. Compared to the benchmark index NIFTY, that has moved -2.45%, it’s a substantial rise. Its price has formed an evening star candlestick pattern, which suggests the formation of a short-term top and suggests the start of a bearish move from here on.

"Zomato Management is confident of delivering Ebitda break-even ex-QC by Sep'23, with the possibility of this being achieved in the Mar-23 quarter itself. The absence of a subscription program had impacted growth which has now been corrected," Jefferies said.

The stock which is part of the S&P BSE Sensex rose more than 1% in a week, and over 7% in a month. On a 3-month basis, the IT stock has risen more than 10%. In terms of price action, the stock price is trading above most of the crucial short and long-term moving averages such as 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.

"They're solid, cash generating companies, so we're not concerned about the exposure," he told reporters at a media briefing on Monday.

The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on Feb. 15, the sources said, speaking on condition of anonymity as they are not allowed to speak to the media.

While the stocks of new-age tech cos are yet to come out of the woods, analysts are turning bullish in some of them in the backdrop of an improvement in earnings and their ability to move towards positive profitability.

Last week it was reported that market regulator Sebi is investigating Adani Group's links to some of the investors in Adani Enterprises FPO, which was aborted later on. Sebi is said to be investigating relationships between Adani and at least two Mauritius-based firms -- Great International Tusker Fund and Ayushmat Ltd. -- which participated as anchor investors in the Rs 20,000 crore FPO.

Morgan Stanley maintained its overweight stance on Policy Bazaar with a target price of Rs 705. “The company reported a good set of numbers for Q3. It is among the preferred plays in the insurance sector,” said the note.

The group will now shoot for revenue growth of 15% to 20% for at least the next financial year, down from the 40% growth originally targeted, said the people, who didn’t want to be named as the discussions are private. Capital expenditure plans will also be scaled down, they said, as the group prioritizes bolstering its financial health over aggressive expansion.

"There is no clear direction in the market. There are both negative and positive signs. The rise in the dollar index to 103.7 and the hardening of bond yields are unfavourable for emerging market equity," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Opening Bell: Sensex flat, Nifty tests 17,850; Delhivery sheds 5%, Adani Ports rises 2%

DBS was among a group of banks which provided finance to Adani's $10.5 billion acquisition of Holcim's cement business in India last year. The Singapore bank provided financing of about S$1 billion ($751 million).

In the December quarter of FY23, net inflows from DIIs stood at Rs 27,134 crore, and net inflows from Foreign Institutional Investors (FIIs) stood at Rs 47,349 crore. On the back of these strong FII inflows, from the September quarter to the December quarter of FY23, companies such as Yes Bank, PB Fintech, GMM Pfaudler and Macrotech Developers saw the highest increase in FII holdings in percentage terms.Here is a list of 10 stocks in which FIIs increased their highest holdings in percentage terms, according to PRIME Database report:

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18500 strikes while the maximum Put OI is placed at 17800 and then towards 17700 strikes. Options data suggests a broader trading range in between 17400 to 18200 zones while an immediate trading range in between 17700 to 18050 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

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 IGL and RIL, while CA.Rudramurthy has a buy/sell recommendation on Tata Motors and Federal Bank for today's trading session. Check out the targets and stop loss.

While the moving average convergence and divergence (MACD) indicator is experiencing an upward centerline crossover, the relative strength index (RSI), a momentum indicator, is positively poised. On the higher side, Rs. 850 is acting as an important psychological level; above this, we can expect a level of Rs. 900+ in the near-short term, while on the lower side, Rs. 770 will act as a major support during any correction.

The markets on Friday remained subdued and in negative territory, with the Nifty ending the day with a modest loss. No sector is showing any dominance in the markets, except for the auto sector which is indicating signs of improvement.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,838.50, down 38.5 points or 0.22% from the previous close.

Markets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% and cuts coming later and slower. There is also a full slate of Fed officials speaking this week to provide a timely reaction to the data. Yields on 10-year Treasuries are at five-week highs of 3.75%, having jumped 21 basis points last week, while two-year yields hit 4.51%.

Traders still remember the consumer price report on September 13, which sent the S&P 500 plummeting 4.3% for its worst CPI session since March 2020. "As long as the Fed is in a hawkish mode, volatility will remain firm," said Chris Murphy, co-head of derivatives strategy at Susquehanna International Group. "So if CPI comes in higher than expected, the market will likely sell off."

Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, joined the "What Goes Up" podcast to talk about using AI in portfolio construction, and where he sees the technology going in the future. His firm's $1.7 billion SPDR S&P Kensho New Economies Composite ETF is up about 11% so far this year.

For a sample of 29 banks, the bad loan provisioning fell by 27.6% year-on-year to Rs 23,080.6 crore in the December quarter. NII increased by 34.5% to a record Rs 1.8 lakh crore. NII is calculated as the difference between total interest earned and interest expended.

​Create long positions towards the Nifty resistances of 18,050 and the next 18,250 levels. All long positions need to be placed with strict stop loss at 17,500 and look to reverse the positions on any downside breakouts. IT, banking, auto, realty, and pharma will likely outperform in the near term. Stocks with positive bias are Infosys, Mphasis, TCS, Kotak Bank, SBI, ICICI Bank, Tata Motors, and Bajaj Auto.

On an absolute basis, the operating profit of the automotive business grew about three times to ₹989 crore in December 2022 and it has been consistently improving for six quarters in a row. The dual benefit of margin expansion and volume growth is a vindication of its improving automotive franchise.

SAFE, standing for 'simple agreement for future equity', is a quasi-debt and a promise to let the investor hold stocks or preference shares some years later on the startup achieving certain milestones. Thus, unlike plain vanilla convertibles, a SAFE note is not necessarily converted into equity, and may well remain as a debt in the books of a startup.

French firm had agreed to guarantee 50% of H2 project debt over and above $4 b equity for 25% stake in Adani New Industries Ltd.

On Friday, the Securities & Exchange Board of India (Sebi) circulated a list of eight entities, mostly based in Mauritius, with the custodians which are banks and non-banks acting as bookkeepers of FPIs trading on Indian stock exchanges.