The Commerce Department's hotly anticipated personal consumption expenditures (PCE) report arrived largely in line with consensus, showing softening demand and cooling inflation - which is exactly what the Federal Reserve's restrictive interest rate hikes are intended to accomplish.

While Adani Total Gas, Adani Energy, and Adani Transmission shares plunged 20%-the lowest levels of the day, Adani Ports and Adani Enterprises dropped 16% and 19%, respectively. Adani Power and Adani Wilmer shares dropped 5% each.

Norway's sovereign wealth fund Norges Bank Investment Management, one of the world's largest, has divested its shares in Bharat Electronics Limited (Bel) for selling weapon systems to the Myanmar junta. The Indian government is studying the move made by the Fund as Norway is emerging as a key economic partner from northern Europe.

The Sensex closed at 59,330.90, down 874.16 points, or 1.45%, from the previous close, after briefly slipping below 59,000 during Friday trade. The Nifty fell 287.60 points, or 1.61%, to end at 17,604.35. Both indices posted their biggest single-day fall in four months to retreat to levels last seen at the end of October 2022.

"While as a matter of policy we don't comment on individual clients, in the interest of setting the context right, we wish to clarify that SBI's exposure to Adani group is well below the Large Exposure Framework," said SBI's managing director in charge of corporate banking and subsidiaries, Swaminathan J. "All exposure to the group from SBI is secured by cash generating assets with adequate escrow mechanism in place, hence debt service will not be a challenge."

Not only automobile makers, the equipment makers too, saw robust growth in the third quarter. Sona BLW reported a strong 39% YoY growth in revenue to Rs 685 crore, with battery electric vehicles accounting for 26% of the revenue.

The company predicted a surprise loss for the first quarter and its revenue forecast was $3 billion below estimates as it also struggled with slowing growth in the data center business.

The U.S. central bank's preferred gauge for inflation, the personal consumption expenditures (PCE) price index, rose 5.0% in December from a year earlier, slower than the 5.5% 12-month gain as of November, the government reported on Friday, and the lowest level since September 2021.

Any person indulging in spreading misinformation or false and misleading information through the use of social media messaging applications like Telegram, Whatsapp etc., which are being used by millions of people can cause irreparable damage to the integrity of the securities market within a short span of time like a forest fire, thereby eroding the confidence of the investors in the securities market in a matter of no time," Sebi noted.

From Friday, Indian equity markets moved to a T+1 settlement cycle for all stocks, shortening the settlement cycle by a day and making the availability of funds a day sooner than at present.

Accordingly, Sebi has barred the entities "from accessing the securities market for a period of three years ... and are also prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for the same period"

The S&P 500 opened lower by 6.71 points, or 0.17%, at 4,053.72, while the Nasdaq Composite dropped 41.94 points, or 0.36%, to 11,470.47 at the opening bell.

US GDP rose 2.9% in Q4 after a year of high inflation. Priya Misra, Head of Global Rates Strategy explains what should we expect on India's budget day when the Fed announces its next policy in light of this data

To settle short-delivered trades, exchanges conduct a 30-minute auction from 2 PM on T+1 (used to be T+2). If the short-delivered stock is a mid or small-cap stock, then the price can trade as much as 20% away from the current market price due to low participation in auctions

The benchmark index Sensex closed lower by about 874 points to 59,330 on Friday. During this free fall in the market, five stocks from the BSE IT index slipped to touch their new 52-week lows.The 52-week low is the lowest price a stock has traded during the last one year. Some traders and investors use this technical indicator as an important factor to analyse a stock’s current value and to predict its future price movement.

State-controlled Life Insurance Corp. of India is spending about 3 billion rupees ($37 million) as an anchor investor in a $2.5 billion new share sale by Adani Enterprises Ltd., according to a filing. The investment would add to its current holding of 4.23%.

The company received total bids of 4,70,160 shares against the issue size of 4,55,06,791 shares. The portion reserved for retail investors got bids for 3,99,880 shares against 2,29,08,464 shares on offer.

Founded in 2017 by Nathan Anderson, Hindenburg Research is a forensic financial research firm which analyses equity, credit and derivatives. On its website, Hindenburg says it looks for "man-made disasters," such as accounting irregularities, mismanagement and undisclosed related-party transactions. The company invests its own capital

Technically, any pullback rally from here could encounter strong overhead resistance of around 17,750 levels, as per the concept of change in polarity and that could be a sell-on-rise opportunity for the coming sessions. Weakness is likely to continue for the next 1-2 sessions

Gold prices fell due to a strong US economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Fed officials are expecting the rates to be above 5 per cent by the end of this year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said

The stock exchanges, NSE and BSE, earlier in a joint statement, announced that they would implement the T+1 settlement cycle in a phased manner, starting February 25, 2022, with the bottom 100 stocks in terms of market value

In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world's richest billionaires.

After a 774-point crash seen on Wednesday derivative expiry day, Sensex ended Friday with a loss of 874 points as a report by American firm Hindenburg Research left Adani Group stocks bleeding. Bank stocks were among the worst affected as Nifty Bank lost over 1,300 points or 3.1%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit with losses going up to 7% as investors were worried about the contagion impact of exposure to Adani Group.

"Revenue growth has been below expectation as consumer electronics, lighting and mobile phones key verticals for the company has seen steep decline. We however upgrade the stock to Neutral as the stock has already corrected sharply and strong growth momentum is expected to resume. We roll forward our valuation multiple

Shares of Adani Transmission, Adani Green Energy, and Adani Total Gas were locked in the 20% lower circuit. Adani Ports and Special Economic Zone hit a 2-year low, and Adani Enterprises a 5-month low. Describing Hindenburg's 32,000-word report as maliciously mischievous and unresearched, Adani Group threatened to take punitive action against the firm in both US and Indian courts.

The RBI's suspected intervention prompted short speculative dollar positions to exit and importers to step up hedges for near maturities, a trader at a private sector bank said.

Adani Ports is also a keen contender for acquiring the government’s stake in Container Corp, given its growth ambitions in logistics, adjacent ports offerings, and large balance sheet and benign leverage.

The NSE Bank Nifty Index dropped as much as 3.5%, extending declines of the previous session, underperforming broader stock benchmarks. Bank of Baroda and State Bank of India were among the biggest decliners, falling at least 5% each. LIC’s shares extended their drop to 4.3% intraday before paring some losses.

In the last two trading days, Thursday being a market holiday, the 60-year-old Ahmedabad-based college dropout has been left poorer by around $29 billion, pushing him to the seventh slot in the elite list of world's richest billionaires.

A 32,000-word report by American short-seller Hindenburg Research has left a Rs 4 lakh crore worth scar on the portfolios of Adani bulls who have been enjoying the one-way rally that defied gravity and all valuation metrics in the last few years. Adani Enterprises' FPO opens today. Shares are below FPO floor price and stocks are under pressure. So, what should retail investors currently do if they are holding the group stocks? IIFL Securities director Sanjiv Bhasin shares investment advice. Listen-in!!!

Dalal Street investors were left poorer by Rs 4.9 lakh crore as the total market capitalisation of BSE-listed stocks dropped to Rs 2,76,495 lakh crore. Bank stocks were among the worst affected as Nifty Bank lost over 1,000 points or 2.5%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit.

On Wednesday, the U.S. short-seller said it held short positions in the Indian conglomerate, accusing it of improper use of offshore tax havens and flagging concerns about high debt, leading to a massive sell-off of India-listed shares of the conglomerate's companies.

After a 774-point crash seen on Wednesday derivative expiry day, Sensex tanked up to 1100 points during the day on Friday. Reflecting heightened tension on Dalal Street, fear gauge index India VIX shot up to 21% ahead of the presentation of the Union Budget and US Fed meeting outcome next week. Bank stocks were among the worst affected as Nifty Bank lost over 1,300 points or 3.3%. Selling pressure in stocks of Adani Group companies intensified on the second trading session on Friday and lost up to 20% on claims made in short-seller Hindenburg report.

In the last two trading sessions since the release of the report, which has been described as "maliciously mischievous and unresearched" by billionaire Gautam Adani's team, the market capitalisation erosion has been around Rs 4 lakh crore. Wednesday's crash itself wiped off Rs 1 lakh crore from Adani stocks. The selloff deepened on Friday, despite the Ahmedabad-based diversified conglomerate denying allegations and threatening court cases, with three out of 10 stocks hitting record low levels.

It looked like a ‘Black Friday’ sale on Dalal Street as traders dumped Adani Group stocks relentlessly with many counters hitting multi-month and multi-year lows.

Dalal Street investors were left poorer by Rs 4.9 lakh crore as the total market capitalisation of BSE-listed stocks dropped to Rs 2,76,495 lakh crore. Bank stocks were among the worst affected as Nifty Bank lost over 1,000 points or 2.5%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit.

The capital expenditure target can be raised to Rs 9-9.5 trillion from Rs 7.5 trillion set for FY23. It will significantly improve the infrastructure spending and enhance the business for other elide sectors such as cement, metals and capital goods.

Its revenue from operations rose 3.3% YoY to Rs 9,315.14 crore whereas EBITDA increased by a sharp 29.4% YoY to Rs 1,777 crore and margins expanded by a whopping 386 basis points to 19.07%.

Dalal Street investors were left poorer by Rs 4.9 lakh crore as the total market capitalisation of BSE-listed stocks dropped to Rs 2,76,495 lakh crore. Bank stocks were among the worst affected as Nifty Bank lost over 1,000 points or 2.5%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit.

While India is doing markedly better on inflation, the global factors will have a significant impact on the RBI’s policy stance as it will need to balance interest rates and currency to protect the flight of capital from the country.

Additionally, in order to promote investments in ETFs, which are relatively safer products, especially for newbies and young investors, I would provide special tax incentive on similar lines to Additional NPS Contribution under Section 80CCD1B.

"Even if you ignore the findings of our investigation and take the financials of Adani Group at face value, its 7 key listed companies have 85% downside purely on a fundamental basis owing to sky-high valuations," Hindenburg said.

Small cap companies are risky bets and in a market where even large and mid caps are falling sharply thinking of investing in a small cap might appear so convincing, However, it would be wrong to paint everything with the same brush that too all the time. If the right financial parameters and other filters are applied, it may lead to a set of select stocks of potential gainers. 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".

Adani Group Share Crash: Global broking and research firm CLSA, however, said it sees no significant downside risk to Indian banks from Adani group debt, in which the overall exposure for domestic public and private sector lenders remains well within the mangeable limits with adequate ring fencing.

With American short-seller Hindenburg Research's negative report on the conglomerate dominating conversations on Dalal Street, the Rs 20,000 crore mega follow-on public offer (FPO) of Adani Enterprises kicked off for public subscription on Friday. The FPO, which opens for subscription from January 27 and ends on January 31, is a fresh issue of 61,474,751 equity shares on a partly paid basis with a price band of Rs 3,112–3,276.

Dalal Street investors were left poorer by Rs 4.9 lakh crore as the total market capitalisation of BSE-listed stocks dropped to Rs 2,76,495 lakh crore. Bank stocks were among the worst affected as Nifty Bank lost over 1,000 points or 2.5%. PSU bank stocks, which were outperforming in the last few months, were among the worst hit.

"Tata Motors should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize. It will benefit from macro recovery in India, company-specific volume/margin drivers, and sharp improvement in FCF and leverage in both JLR and the India business," Motilal Oswal said.

Keeping the loss-making retail trader's hope alive are self-styled gurus on social media, who are often ridiculed as 'furus' or fake gurus. Some such heroes claim to be making lakhs every day and are even willing to offer their secret recipe to newbies in paid coaching classes.

EBITDA margin improved by 176 bps YoY to 24.2% despite soft Revlimid sales, mainly driven by an improvement in the mix. The net profit grew by 9.9% YoY to Rs8bn mainly on the back of a strong operational performance, which was partially offset by a higher tax rate on account of DTA reversal.

In India, trade settlement used to take place on a ‘T+2’ basis, but in September 2021, capital market regulator SEBI provided flexibility to exchanges to offer ‘T+1’ following requests from various stakeholders to shorten the settlement cycle.