Nifty50 rose 150 points or 0.85% to settle at 17,871

The resultant shares to be bought back at the buyback offer price will not exceed 10,00,000 equity shares, representing 1.43% of the total number of equity shares in the total paid-up equity capital of the company as on March 2022

However, Sirvastava added that the overall impact on the stock market will depend on various other factors such as global economic conditions, geopolitical developments, and the growth prospects of individual companies.

Sensex jumps 378 pts post RBI policy outcome; Nifty above 17,850; Paytm zooms 16%, Zomato 9%; Adani Enterprises, Symphony, Aurobindo Pharma are some of the top gainers in the closing trade.

Since this was the last full budget before the 2024 General Elections, it was expected that the government could announce some income support for the rural sector or implement some measures to boost consumption growth in the economy.

"Even with the share price at 1,531 per share, I still think the company is priced too high, given its fundamentals (cash flows, growth and risk) and before factoring the damage that might have done to the company's reputation and long-term value, by this short selling episode," he wrote in his blog 'Musings on Markets'.

“The stock has witnessed a bullish movement following the retest of the neckline of a rounding bottom pattern. The breakout was observed during the first week of December 2022, signaling the inception of an upward trend. The breakout is confirmed as it is accompanied by higher volumes.

Powell's remarks that 2023 should be a year of "significant declines in inflation" was interpreted as less hawkish than feared, although he acknowledged that Friday's blockbuster U.S. jobs report showed why the battle against inflation will "take quite a bit of time."

Uniqlo store operator Fast Retailing shaved another 36 points from the index with its 1.3% decline, falling from the seven-week high touched in the previous session following a steep three-week rally

While announcing a 25 bps hike at the end of the MPC meeting on Wednesday, RBI Governor Shaktikanta Das displayed a non-committal stance and said he will weigh all incoming data and forecasts to determine appropriate actions and policy stance, going forward

With headline inflation under check, comfortable projections around fiscal and current account deficit, strong FDI, bumper harvest, comfortable forex reserves, stable rupee and a consistent monetary policy, the markets should take this announcement as a positive.

On the electric vehicle front, Hero MotoCorp is establishing ‘Vida’ as a premium and aspirational brand. “We are planning to roll this out across multiple cities in FY24. Our R&D teams are working on accelerated portfolio expansion as well in the EV space,” Gupta said

JM Financial maintained its buy rating on Motherson Sumi Wiring with a target price of Rs 70, which shows an upside potential of 31% from the current market price

According to the latest print on January 27, while credit growth was healthy on a YoY basis, it de-grew marginally on a fortnightly basis, probably hinting at a reluctance to borrow at higher rates.

The company will repay Rs 5,000 crore of debt in FY24 from the targeted net debt level of Rs 4,300 crore by end-FY23. It expects gross debt to increase by Rs 6,500 crore by March 2023, on completion of the Haifa Port acquisition in the quarter

While the defence sector was opened to private players a long time back, the real impact of policy initiatives is getting visible on Dalal Street now. However, on the day of the budget, defence sector stocks tumbled. Rather than anything fundamentally changing for the sector, like it was for insurance companies, the decline was more due to over expectation from the budget than anything else.

The brokerage expects a 13% sequential growth in the topline to Rs 1,871 crore, led by a 4% growth in the food delivery business' gross merchandise value and contribution from Blinkit business.

With an effective provision of capital outlay of Rs 13.7 lakh crore, various brokerages believe that Budget 2023 will make a positive impact on the domestic automobile industry. Also in the Budget, customs duty exemption has been extended on the import of capital goods and machinery required for manufacturing lithium-ion cells for batteries used in EVs, which will further benefit battery stocks like Exide and Amara Raja. Here is a list of 10 auto stocks that can race ahead after Budget 2023:

The MPC decided by a majority of 4 out of 6 members to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward while supporting growth.

High dividend yielding stocks are not something which interests most investors. One of the arguments against investing on the basis of dividend yield is that the stock market is about capital gains, hence everyone is looking for capital gains. However, there are many advantages to having high-dividend-yielding stocks in one’s portfolio. Some of which are felt when markets correct sharply, pretty much similar to what we have seen in the last couple of weeks. For the purpose of this report, we had kept the dividend yield of at least 7 percent as a benchmark. The reason for this is that dividend yield should be higher than the interest rate provided by banks on FDs. Another condition was that the company should have a track record of paying dividends, without interruption, for at least four of the last five years.

Adani Ports, which reported a 16% fall in consolidated net profit at Rs 1,315 crore and 17% rise in revenues in the December quarter, was up around 6%. Adani Wilmar was locked in the 5% upper circuit limit at Rs 419.35. Adani Transmission, Adani Power and NDTV rallied between 2-5% each.

The total expenses in the third quarter rose to Rs 17,351 crore from Rs 15,164 crore a year ago, and Rs 16,933 crore a quarter ago. Spectrum usage charges in the quarter increased 4% YoY to Rs 2,842 crore but were down 4% sequentially.

The rate hike was in line with the market expectations. This helped domestic equities hold on to their gains. Nifty 50 was trading 0.8% higher at 17864.85. However, rate sensitive sectors such as banks, real estate, automobile, and cement stocks remained largely unmoved. The Nifty Bank index underperformed Nifty50, as it was up just 0.1% at 41522.45 points.

The analysts had last year given a target price of Rs 450 on the stock with an underperform rating. They have now raised Paytm's FY23–26E revenue estimates by 33–51% and given the stock a double upgrade to outperform.

Morgan Stanley said that the Q3 results were in-line but capex was higher than expectations. “There is visible strength in 4G subscriber growth in India mobile business. ARPUs are trending higher, and in line with expectations.

The decision on the rate hike by the Monetary Policy Committee of the central bank was taken on a 4:2 majority.

Airtel also reported higher-than-expected consolidated revenue in the December quarter, up 20% on-year and 3.7% sequentially, to Rs 35,804.4 crore, driven by strong ARPU growth and sustained momentum of its postpaid, enterprise, homes and Africa businesses.

The analysts had last year given a target price of Rs 450 on the stock with an underperform rating. They have now raised Paytm's FY23–26E revenue estimates by 33–51% and given the stock a double upgrade to outperform.

Options data suggests a broader trading range in between 18400 to 19200 zones while an immediate trading range in between 18400 to 18800 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

With the asset quality pain being largely behind and the restructured book behaving fairly well, a ramp-up in credit growth and the ability to maintain margins in an increasing interest rate environment is likely to drive valuations for banks and NBFCs moving forward, analysts say.

From the Sensex pack, UltraTech Cement, HCL Tech and Infosys were the top gainers, rising over 1%. Wipro, TCS, Tech Mahindra and Bajaj Finance also opened with gains. On the other hand, Bharti Airtel, NTPC, Maruti, Tata Motors and Sun Pharma opened with losses.

Opening Bell: Sensex rises over 200 points, Nifty above 17,750; Adani Ports jumps 4%, Airtel sheds 2%.

HPCL’s daily trend is bearish. Based on an options chain analysis, the range is between Rs 220 and Rs 250. Let us plan a trade around this.

The only caution sign is that volumes are gradually decreasing with every new up move which suggests the trend might be weakening, but we must wait for price confirmation which is still not there.

Despite a positive start of the day on Tuesday, the Nifty ended with a modest loss and below the 17,700 mark. The approach to markets still remains selective and stock-specific.

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 Kotak Bank and L&T Finance Holdings, while Kunal Bothra has a buy/sell recommendation on Poonawalla Fincorp and Samvardhana Motherson for today's trading session. Check out the targets and stop loss.

Shares of Japan's Nintendo Co Ltd and SoftBank Group Corp fell sharply on Wednesday, a day after both unveiled earnings that fell short of expectations, as tech firms around the globe send a cautionary signal to investors.

In the currency market, the dollar pulled back a bit after the speech. The dollar index, which measures the U.S. currency against six major rivals, was at 103.30, having dropped to as low as 102.99 in the previous session.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,789, up 59 points or 0.33% from the previous close.

Most sectors on the S&P 500 ended higher. The energy sector the top gainer as crude prices surged more than 3% on Powell's remarks. The technology and communication services sectors were also among top gainers.

According to industry observers, the decision to undertake an independent assessment augurs well to reassure investors, especially equity investors, who have borne the major brunt in the saga and have witnessed steep wealth erosion.

According to Sudip Bandyopadhyay, group chairman of Inditrade Capital, long-term investors could look at buying Adani Ports and Adani Wilmar. "If you look at the valuations, these were relatively reasonably valued even pre-correction, and now post-correction, they are definitely attractive from a long-term investor's point of view, so these can be acquired," he said.

IBBI's petition is aimed at course correction after the Vidarbha Industries Power case where the Supreme Court struck down the National Company Law Tribunal's decision to admit the Anil Ambani-promoted power producer despite proof of default while adding that tribunals should have factored in extraneous matters.

While the London-based lender is still deliberating plans on branch expansion, it is building a tech stack to onboard a large section of the first-time salaried class, affluent Indians and the MSME segment as its clients.

Many of India's infrastructure, particularly in airports and ports, today can be compared favourably with their global counterparts, and in some, like waterways and roads, there is scope for improvement. The government recognises this need to build capacity and infrastructure.

Last week, state-owned LIC said it has ₹35,917.31 crore investment in Adani Group's debt and equity securities. The amount is 0.975% of the insurer's total assets under management of more than ₹41.66 lakh crore.

In a consultation paper, Sebi has proposed a regulatory framework which will require broking firms as well as their senior management to be accountable for detection and prevention of fraud or market abuse, by setting up robust surveillance and control systems.

It said that NBFC-MFIs surpassed banks by a thin margin. Banks as a group controls 34.8% of the market, in which lenders provide micro loans without collateral to joint liability group members. Loans given by banks to self help group members are not included here.

The stock rose from Rs 232 as on January 31, 2023, to Rs 261 recorded on February 6, 2023, which translates into an upside of about 13%

USA-FED/ (WRAPUP 4, PIX)WRAPUP 4-Fed's Powell says job strength shows inflation fight may last 'quite a bit of time'