Morgan Stanley maintained an overweight rating on ICICI Bank with a target price of Rs 1250. The global investment bank sees further room to improve market share in higher-margin segments.

Domestic brokerage firm Axis Securities is positive on a few smallcap stocks, which can rally up to 44% in the coming months. It believes the worst of the FIIs outflow is now behind as the strong earnings growth and economic recovery will play out for the remaining months of FY23. Axis Securities believes that the Indian economy stands in a sweet spot of growth and remains the land of stability against the backdrop of a volatile global economy. It also believes that the current setup is a ‘Buy on Dips’ market. Here are top smallcap stocks recommendation from Axis Securities:

Having scaled new lifetime peaks and now eyeing Mt 19K, Nifty is by no means cheap. The 12-month trailing PE for Nifty stood at 23.4x, 17% higher than its long term average. India's market capitalisation-to-GDP ratio now stands at 110% (of FY23E GDP), above its long-term average of 81%.

Sensex drops over 100 points; Nifty below 18,700; TVS Motor, Zomato slip up to 2%; PB Fintech up 3%.

Bharat Electronics is in the sideways range for some time however in the last trading session, it closed around 1.9% positive. Based on option chain analysis, the range is between 100 and 110 and we are around the middle end of this range. Let’s plan a trade around this.

A meeting of the board of directors of the Dhanlaxmi Bank is scheduled today to consider/ approve the raising of funds by way of issuance of Non-Convertible Debentures (NCD5) in the form of Basel III compliant Tier 2 Bonds aggregating to Rs 300 crores.

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 DLF and United Breweries while Kunal Bothra has a buy/sell recommendation on Voltas and Bajaj Finserv for today's trading session. Check out the targets and stop-loss.

The longer the horizontal base, the better. A long base will establish a more significant support level, and the ownership of the stock will transfer from weak hands to strong hands.

Bullish bets have been quite aggressive in the options segment too, as the open interest has almost doubled in absolute terms in the December series. This is causing some worry to a few analysts.

Nifty futures on the Singapore Exchange traded 44.5 points, or 0.24 per cent, higher at 18,869, signaling that Dalal Street was headed for a positive start on Monday. Here are some stocks which may buzz the most in today's trade.

The markets on Friday gave up some of its gains, lacking the strength to break out. Even as they wait for a meaningful upward move, the markets have become stock-specific once again.

Nifty futures on the Singapore Exchange traded 44.5 points, or 0.24 per cent, higher at 18,869, signaling that Dalal Street was headed for a positive start on Monday.

Markets lost some momentum late last week after November's robust U.S. payrolls report challenged hopes for a less aggressive Federal Reserve, though Treasuries still ended last week with solid gains.

Maruti Suzuki will increase the prices of its vehicles 'substantially' from next month as it looks to offset the impact of rising input costs and make provisions to update the model range to conform to stricter emission norms which kick in from April 2023.

The National Payments Corporation of India (NPCI) recently extended the deadline by two years for existing third-party apps to comply with its market share guidelines for the UPI network.

Nine out of 10 banks polled by ET expect the central bank to hike rates by 35 basis points - 0.35 of a percentage point - or less at the December 5-7 meeting of the monetary policy committee (MPC). While five of the nine predict a rate increase of 35 bps, two expect it will be in a range of 25-35 bps, another two project a 25 bps hike.

While yields on tax-free bonds remain weighed down at 4.9-5%-levels, target maturity schemes are offering better returns of 6.8-6.9% on average. Investors must, however, shift money to target maturity funds for at least three years to get the benefit of indexation that will significantly improve their post-tax returns.

ESIC has a surplus of nearly Rs 65,000 crore which increases by over Rs 8000-9000 crore every year and could be higher than this in coming years as ESIC plans to substantially expand coverage by bringing even the gig workers in its fold.

Singh, who is currently the chief executive officer of the French bank's Indian banking unit, will take over from Aymar de Liedekerke Beaufort, who has been the head of India territory since September 2021.

Short-term traders who missed the rally can consider buying the stock on dips for a target above Rs 600 in the next 2 weeks, suggest experts.

“Cement stocks have witnessed high rollovers in December including Ambuja Cements at 97%. Technically, the stock has made a good base at 550 and now seems set to change orbits,” Rahul Sharma- Director, Head- Technical & Derivative Research, JM Financial Services Ltd, said.

The weakness on Wall Street on Friday could weigh on Asian markets on Monday. Ashok Leyland, LIC Housing Finance, Voltas, Havells, Crompton, SBI Cards, Chola Finance, and Aditya Birla Capital are some of the stocks investors can buy for short-term trades, said analysts.

After the 'final closing', money pools like private equity, venture capital, debt and infrastructure funds cannot accept fresh capital while a fund is required to exit its investments within the 'end date'.

In the past 19 years, the Nifty Midcap 100 index has seen a rise 15 times during the last month of the year. The average monthly returns from the Nifty Midcap 100 index in December for the last 19 years are 4.77% compared to 3.15% from the Nifty.

Last week, ET reported that NARCL had agreed to match Rare ARC's counter bid to take over the debt of rice exporter SSA International, making it the second acquisition for the bad-loan aggregator. Last month, in response to a Swiss challenge called by banks, Raj Radhe had offered ₹130 crore cash, topping the NARCL's ₹100 crore bid.

Against the offer to buy 1.67 crore shares, or 26% of equity - from NDTV's minority investors at a price of ₹294 apiece, Adani group has received offers for 53.27 lakh shares, according to data available on the National Stock Exchange (NSE) website.

The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

“The index is trading near the key hourly moving averages as well as near a rising trendline on the hourly chart. 18600 is a key support from where the index can start moving up again. Overall, the short term outlook continues to be positive for a target of 19,000,” Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas said.

The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

Bulls continued their quest for gains, hitting fresh record highs, boosted by falling crude, robust GDP numbers, and a dovish stance by the Fed chair, said Vinod Nair, Head of Research at Geojit Financial services.Investors' concerns were allayed as the Fed chair adopted a dovish stance, he added. "Declining manufacturing activity in the US is proof that the central bank’s policy tightening has started to show results."

Going forward, flow trajectory is expected to remain positive in December. However, some shift could be seen from expensive stocks to value stocks, Anita Gandhi, Whole Time Director and Head - Institutional Business at Arihant Capital, said.

​​As happened in the past, whenever US markets outperformed by a significant margin, it always came at the expense of emerging markets. Last decade was no exception. In the same breath, the reverse has also been true. That is, whenever US markets struggled with sub-par returns, those decades belonged to emerging markets.

We do not believe that the Indian equity market is overvalued; on the other hand, we believe it is justified. Only in India have listed companies' net profits more than doubled since pre-covid levels. Despite the Russia-Ukraine crisis, higher interest rates, and inflation, India Inc.'s profitability has increased by 10% in the first half of 2023 versus the first half of 2022.

Global stocks were cautious on Friday, after recent sharp gains as traders awaited the monthly US jobs report that came in rosier than expected bringing back fears of the US Fed remaining hawkish for longer. In the last week, S&P BSE Sensex rose 575 points or 0.92% to settle at 62,868, while Nifty50 closed at 18,696, up 183 points or 1%. “Nifty as per the weekly chart, formed a long positive candle with an upper shadow. The near-term uptrend status remains intact for Nifty as per smaller and larger time frame charts and there is a possibility of an upside bounce from the lows in the next 1-2 sessions. Immediate support is placed at 18550-18450 levels,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities said. Here are 6 stock recommendations for Monday:

Led by Serum Institute of India, some of India's most valuable companies have chosen to remain bootstrapped or grown without taking external funding. Bootstrapped companies are dominated by traditional, non-tech industries such as pharmaceuticals and FMCG. Here is a list of India's top 10 bootstrapped companies in the 2022 according to Burgundy Private Hurun India 500:

On the global front, the US bond yields and the dollar index have fallen sharply, and markets will continue to watch their move from here, Meena added.

In the last two years, different segments of the chemical sector have seen re-rating. 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".

Bulls continued their quest for gains, hitting fresh record highs, boosted by falling crude, robust GDP numbers, and a dovish stance by the Fed chair, said Vinod Nair, Head of Research at Geojit Financial services.Investors' concerns were allayed as the Fed chair adopted a dovish stance, he added. "Declining manufacturing activity in the US is proof that the central bank’s policy tightening has started to show results."

A high return on equity is a result of two factors. First, the basic nature of the business. Second, how efficiently the management is able to use that to its advantage. 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".

"Investment is flowing into India's Growth Story. We see investments being redirected as FPIs reposition their dollars amidst uncertainties in China," Jatia told PTI on the sidelines of FIA Asia 2022.

Market has definitely gone in an overbought zone, but still an inherent strength has been witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate companies in the country. The company has been aggressively buying land outrightly and also entering into joint development agreements (JDAs) with landowners to create future development pipelines.

Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Domestic brokerage firm Axis Securities has released its December reports, where it is positive on half a dozen largecap counters that can rally up to 30% in the coming months. It believes that the current market is a 'buy on dips’ play.It has recommended investors to maintain good liquidity to use such dips in a phased manner and build a position in quality companies with an investment horizon of 12-18 months. Here are top largecap picks of the brokerage firm:

Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

An arguably better approach for retail users affected would be for them to go back to the first principles of blockchain technology – to have custody of their own assets and have a trustless mechanism to verify assets, transactions and interactions on chain

Consolidation is the driving feature of India’s property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."

Decarbonisation, sustainability, manufacturing and consumption are the themes that have emerged in India in the last two years

Empirical data shows that December is the month which delivers the highest returns when compared to the other months of the year