Stocks that were in focus include names like Jindal Steel & Power which closed with gains of over 9%, Tata Steel which gained nearly 6%, and Fertilizers and Chemicals Travancore which closed with gains of 10% on Tuesday.

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 Axis Bank and Hindalco while Kunal Bothra has a buy/sell recommendation on LIC Housing Finance and GCPL for today's trading session. Check out the targets and stoploss.

It has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive Elon Musk's time while fretting about his stake sale in the electric-car maker.

Shares of the infra company will trade ex-bonus in the ratio of 1:1. The company on December 19 informed that it has received in-principal approval from BSE in respect of the issue and proposed allotment of bonus equity shares in the ratio of 1:1.

China stocks were set to open slightly lower, while the Hong Kong stock market opened 1% higher, encouraged by China's Monday announcement it would stop requiring inbound travellers to go into quarantine starting from Jan. 8.

The SGX Nifty 50 December futures is pointing to a slightly negative start for domestic equities on Wednesday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. But here are some stocks which are expected to see some action in trade today.

Tech fell broadly on Tuesday, with the Nasdaq 100 down 1.5%. The group is facing its worst December performance since the dotcom era as investors expect the Federal Reserve will retain a hawkish stance as it grapples with inflation.

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

The pharma stock hit a 52-week high of Rs 487 on January 3, 2022, but failed to hold on to the momentum. It found support near Rs 319 on May 11 from where it staged a smart bounce back

Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.

Debt-ridden subsidiary Religare Finvest Ltd is hopeful of restarting its business operation in 2023 following the company's proposal of Rs 2,300 crore one time settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, Religare Finvest will come out of the corrective action plan imposed by the Reserve Bank of India in January 2018 due to its weak financial health.

The Nifty closed at 18,132.30 on Tuesday, up 0.65% from the previous close. If the index touches 19,000, it would spell an increase of 4.8%, whereas the 20,000 mark would yield 10.3% returns over Tuesday's closing of 18,132.30.

RBI argued that since significant value destruction may have already happened in stressed assets, a comparison of realised value with admitted claims may not be a reasonable indicator of the effectiveness of the resolution process.

“Based on the date of occurrence of frauds, advances-related frauds formed the biggest category prior to 2019-2020,” the RBI said. “In terms of number of frauds, the modus operandi shifted to card or internet based transactions. Additionally, cash frauds are also on the rise.”

Simultaneously, Barclays was also carving out the healthcare vertical of Hinduja Global Solutions Ltd across four geographies and selling it to Baring PE Asia (BPEA) $1.2 billion, a first of its kind BPO deal

Rising interest rates and a fresh bout of Covid-19 infections across the world are biggest risks to equity markets, say poll participants.

The Sensex and Nifty advanced by 0.6% each, their second day of gains after taking a beating last week when they had fallen by 2.7% each. Shares of Jindal Steel gained 9% with cash volumes expanding five times their last one-month average and traders squaring off bearish bets.

Fast rising interest rates have strained borrowers' repayment capabilities. Companies are facing demand slowdown while rising input costs are impacting profit margins. While the fast adoption of digital payments has helped propel transactions to a high level, the influence of technology is also opening doors for many unwanted practices that banks should guard against, it said.

The Dow Jones Industrial Average rose 113.48 points, or 0.34%, to 33,317.41, the S&P 500 lost 5.67 points, or 0.15%, to 3,839.15 and the Nasdaq Composite dropped 90.23 points, or 0.86%, to 10,407.64.

In its order, the regulator found that noticees was never registered with Sebi in any capacity as an intermediary

The stock has witnessed a breakout of a falling trend line with a Bullish candlestick. The technical indicator Ichimoku cloud suggests that the price is trading above the Conversion line & Baseline, which shows a positive trend in the counter. The price is trading above the 50 Day’s Exponential Moving Averages, which indicates a positive trend. A momentum indicator RSI (14) reading is above 60 levels, which adds more strength on the upside. Observation of the above factors indicates that a bullish move is possible in the counter for targets up to Rs 605. One can initiate a buy-on dip in the range of Rs 575.95-572.50 with a stop loss below Rs 561 on a daily closing basis. (Ashish Manoj Katwa, Technical Research Analyst, Bonanza Portfolio)

The number stood at 5.8% in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment.

The S&P 500 opened lower by 1.48 points, or 0.04%, at 3,843.34, while the Nasdaq Composite dropped 35.68 points, or 0.34%, to 10,462.19 at the opening bell

The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds

Benchmark index Sensex closed higher by about 360 points to 60,927 on Tuesday. During this rally in the market, six stocks from the BSE smallcap index managed to record their new 52-week highs.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 board meeting held today, i.e. December 27, 2022, has inter alia considered and approved the terms of the rights issue, it added.

Now, Nifty has to hold above 18081 zones for an up move towards 18250 and 18350 zones, whereas supports are placed at 18018 and 17950 zones, said Chandan Taparia of Motilal Oswal.

Equity benchmarks Sensex and Nifty closed with gains on Tuesday, following a firm trend in the global markets. Extending its previous day's rally, the 30-share BSE Sensex jumped 361 points to settle at 60,927.43. The broader NSE Nifty climbed 118 points to end at 18,132.30.Broader markets continued to see a good run, with Nifty Midcap 100 reporting gains of 1%.Here are the stocks that grabbed limelight today:

The market capitalisation of all listed companies on the BSE surged by Rs 8.37 lakh crore to Rs 280.49 lakh crore in the last two days

Closing Bell: Sensex rallies for 2nd straight session, ends 361 points higher; Nifty above 18,100; Jindal Steel zooms 9%, Hindalco 6%.

With huge growth opportunities for consumer and small business finance, the brokerage said that post-acquisition, PFL’s management has strengthened its foundation notably by investing in technology (aiding infrastructure/processes), distribution and talent.

However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have hold ratings, and six have strong sell and sell ratings.

"With global central banks tightening policy, concerns about an economic slowdown continue ... and while the floor is firm for stocks, those worries will keep the topside heavy," Maki Sawada, a strategist at Nomura, said on a conference call with the media.

With metal prices cooling off from their high formed in early part of 2022. A number of auto ancillary companies have a high probability of witnessing an uptick in their margins. Along with higher margins with supply chain disruption being a thing of the past, demand for automobiles have seen an increase. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The stock holding limit will be worked out on the basis of giving 100% weightage to the month-end notional stock of the preceding month," the ministry’s notification said.

The board of directors considered and approved raising capital through the issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for an amount up to Rs 1,500 crore, the bank said in a regulatory filing.

As the market witnesses volatile movement there are few largecap stocks which are still finding favour with analysts. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

The funds raised will be utilised in product development & global marketing.

The company had said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and recent uptick in demand on the back of festivities and weddings.

On the installed capacity generation basis Fossil Fuel based generation forms 58% & non-fossil fuel-based generation forms 42%. India’s National Grid is synchronously interconnected to Bhutan and importing excess electricity from Bhutan.

Earlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.

Four pharma companies, a southern india focussed real estate player to mid-cap software company have seen an improvement in their overall score in a volatile week. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.

After being the best performer within the automobile pack in 2021 and giving multibagger returns, Tata Motors was knocked down by Dalal Street investors as the outlook for its arm Jaguar Land Rover was clouded by the global headwinds even as the domestic business

Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. Analysts expect Maruti Suzuki

Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.

Equirus Small Finance Bank maintained its long recommendation on Equitas Small Finance Bank with a target price of Rs 80 which translates into an upside of 48% from Rs 54 recorded on December 26. Vasudevan's decision to continue the Equitas franchise is a positive development for the bank, said the brokerage. The brokerage firm values the stock at 1.8x (earlier 1.6x) on Sep'24 ABV (adjusted book value).

“Volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Nifty’s major support is seen at the 17,407-17,567 zone with intraday support at 17,871. On the upside, Nifty will now face hurdles at the 18,221 mark, while confirmation of strength only if the index closes above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.

The domestic markets opened with gains on Tuesday morning as investors pick up cues from strong key indices of American and European equities. Other markets in Asia were trading mixed on Tuesday morning. S&P BSE Sensex went up 317.49 points to 60,883.91 while NSE's broad-based Nifty 50 surged 106.50 points to 18,121.50 on Tuesday morning. Some of the most active stocks were Dalmia Sugars, Indian Overseas Bank, Union Bank of India, Suzlon Energy on BSE while Morepen, J and K Bank, Ajanta Pharma and Astro Micro were the laggards during the morning.

The markets staged a smart rally, ending on a positive note after remaining weak for many days. Banking and financial stocks continue to relatively outperform the broad markets.