Two other companies DCM Shriram and Meghmani Finechem will do it on February 1. DCM Shriram declared an interim dividend of Rs 5.80. In the last 12 months, the company, which is engaged in diversified businesses including agri chemicals, plastics, cement, textiles and energy services, has declared an equity dividend of Rs 9.50 per share. This results in a dividend yield

Adani's group companies are under pressure after U.S. short-seller Hindenburg Research's criticism of its business practices last week, that has since led to a $65 billion loss in the Indian group's stock values. Adani has called the report baseless.

Despite rebounding in trade on Monday after the massive selloff last week, shares of Adani Enterprises are trading below the floor price of the FPO

Fear gauge index India VIX moved up by 2.25% from 17.32 to 17.71 levels. Volatility spiked above 19 levels during the day and has been rising from the last four sessions, giving discomfort in the overall market sentiment.

Market capitalisation of all listed companies on the BSE declined by Rs 1.07 lakh crore to Rs 268.58 lakh crore

Closing Bell: Sensex rebounds 801 pts from day’s low, ends 170 pts higher; Nifty near 17,650; Nykaa jumps 5%, Delhivery sheds 3%.

Since the release of the report, Nifty Bank is down over 2,400 points with both private and PSU lenders facing the wrath. In the second half of today's session, most bank stocks recovered losses.

Despite rebounding in trade on Monday after the massive selloff last week, shares of Adani Enterprises are trading below the floor price of the FPO

"The commercial production of our new colour coating line has commenced this month. We are happy that this high margin value-added product will further help in strengthening the company’s margin on blended Level in medium to long term," Bansal said.

LIC owned a 4.23% stake in the flagship Adani Enterprises as of end-December, over 9% in Adani Ports and Special Economic Zone, nearly 6% in Adani Total Gas and 3.65% in Adani Transmission, according to data from the Bombay Stock Exchange.

London-based Kohli will move to Mumbai for the new role. Before being the COO for Morgan Stanley's EMEA, he held a similar position for the firm's Asia Pacific operations.

The upsides for the stock include volume growth in cigarette business as ITC regains share from illicit trade and the margin expansion in new FMCG business led by cost optimisation. In its base case scenario, Jeffries has given a target price of Rs 415, suggesting an upside of about 20% from the current levels, while in an upside scenario, the stock could soar almost 42% from current levels.

The market capitalisation of all listed stocks on BSE has reduced to Rs 266.6 lakh crore in three sessions with the Sensex having lost over 2,200 points during the period as the selling pressure on Adani stocks had a domino effect on the rest of the stock market.

The intense sell-off in the last three trading sessions wiped out over Rs 5 lakh crore in market value from Adani stocks. The panic struck after US-based whistleblower Hindenburg warned of high leverage and fraudulent practices in Adani Group companies.

The week is filled with market-moving events, so investors are being more cautious, said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.

Though we recommend no major changes in the provisions for the next year, if the FM wants to bring in some changes, she should primarily concentrate on how to boost consumption and how to bring the cost of capital down, so that more investible resources can be created from the private sector.

We wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the extraordinary general meeting of the company to seek approval of the shareholders in this regard," Vodafone Idea said in a BSE filing

There are three primary sources for obtaining this funding. Banks contribute roughly INR5 trillion, the RBI provides support of INR6 trillion, and other sources contribute INR7 trillion. All scheduled commercial banks are mandated to invest a portion of their deposits, known as the Statutory Liquidity Ratio (SLR), in Government securities. As depositors put money into banks, a portion of these deposits are utilized as lending to the government.

Ahead of the Union Budget 2023 and after the Q3 results, brokerage firm ICICI Securities has selected a few stocks which have the strength to deliver good returns. The brokerage firm believes that stocks like Dr Reddy's Labs, DLF and Macrotech Developers will provide good opportunities to investors. Here is a list of 8 stocks that can rally up to 40%, according to ICICI Securities:

However, we believe one more year of high fiscal deficit (not exceeding current levels) will do no harm to our global ratings and support the economy which still needs hand-holding from the government for some more time.

The revenue from operations came in at Rs 33,691 crore, down 0.01% from Rs 33,697 crore in the corresponding quarter a year ago, the company said in an exchange filing.

While taxation of tobacco is primarily under the purview of the GST Council, the central government also levies a National Calamity Contingent Duty (NCCD) on cigarettes, which is subject to changes in the Budget.

LIC's total holding in Adani Group of companies under equity and debt is Rs 35,917.31 crore as of Dec-end, the company told ET Now.

Despite the current market share price of Adani Enterprises going below the FPO price band of Rs 3,112-3,276, the conglomerate has said that it will neither change the dates nor the price band. The Rs 20,000 crore FPO, which began last week, ends tomorrow.

The company reported a stronger core topline and efficiencies drove earnings. The company raised earnings estimates by 5-6% and see 26% CAGR profit over FY23-25. The growth trajectory remains strong, said Jefferies.

The stock hit a 52-week high of Rs 168 on 2nd February 2022 but it failed to hold on to the momentum. The stock bounced back after hitting a low of Rs 93 back in June 2022.

The government has indicated its intention to ramp up capital investments, and the expected absence of a robust recovery in private capex will make public capex particularly important in FY24.

The company reported a stronger core topline and efficiencies drive earnings. The company raised earnings estimates by 5-6% and see 26% CAGR profit over FY23-25. The growth trajectory remains strong.

Every sector has its own operating matrix. Let's take an example, sectors like infrastructure and banking, both require a high dose of capital. However in a different way, while infrastructure requires a higher amount of capital expenditure but that would be a one time requirement. However, banking is sector which requires constant dose of capital both to increase the business and for meeting regulatory requirement. But in both cases, what is more important is how efficiently the management uses capital so that shareholder returns are maximized. 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".

Realising the demographic dividend would require sustained growth in manufacturing. Over the last few years, the government has delivered crucial reforms such as lowering corporate tax rates, Production Linked Incentive Schemes and improving the ease of doing business.

So far in 2023, Nifty is down 2.8% amid selling by FIIs. However, ahead of the Union Budget 2023, brokerage firm Sharekhan by BNP Paribas is bullish on some stocks. The brokerage firm believes that stocks like Axis Bank, SBI and M&M will provide good opportunities to investors. Here is a list of 8 large and midcap stocks that can rally up to 36%, according to Sanjeev Hota, Head of Research, Sharekhan by BNP Paribas:

In the last Budget, which was pro-growth, Sitharaman had increased capex by 35%. Nifty had welcomed the Budget with great vigour and closed the Budget day session on a cheerful note, up 1.4%.

“Today the market will be completely dominated by the movements in Adani stocks. The statement from Adani Enterprises that the FPO is on schedule and that there is no change in the price band is hugely important. This can be interpreted as a reflection of the confidence of the management in the success of the FPO,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Nifty formed a Bearish Engulfing candle on weekly frame and gave a range breakdown. Now, till the index holds below 17777 zones, bounce could be sold for the downside move towards 17500 then 17350 zones whereas hurdles are placed at 17777 and 17850 zones.

The spike in commodity prices following Russia’s invasion of Ukraine, spiralling inflation, and steep rate hikes by central banks hurt consumption significantly and hurt consumer durables and consumer discretionary firms.

Opening Bell: Sensex falls 500 pts, Nifty below 17,500; Adani Gas tumbles 18%, Adani Enterprises rises 8%

Adani Group said that the timing of the report was suspect and seems to be directed at sabotaging the Rs 20,000 crore follow-on public offer (FPO) by Adani Enterprises Ltd (AEL) that ends January 31.

"Indusind bank is a tactical buy under the mid-tier private banks.. We expect RoAs of ~2% for FY24E and FY25E, driving RoE (return on equity) of 16% for the respective years going ahead. We believe the current valuations of 1.7x/ 1.5x/ 1.3x its FY23E/ FY24E/ FY25E book value estimates looks cheap vs ROA trajectory of ~2%," Rahul Malani- DVP Fundamental Research, Sharekhan by BNP Paribas, said.

Bharat Petroleum Corporation’s daily trend is sideways. RSI for monthly, weekly, and daily is indicating a sideways trend. Based on option chain analysis, the range is between 330 and 350. Let’s plan a trade around this.

Following the release of the Hindenburg Research report last week and a short-selling attack on Adani Group stocks, ₹4.2 lakh crore ($51 billion) was wiped off their market value in two trading sessions. Adani Group CFO Jugeshinder Singh tells The Economic Times in an interview that the timing of the report was suspect and seems to be directed at sabotaging the Rs 20,000 crore follow-on public offer (FPO) by Adani Enterprises Ltd (AEL) that ends January 31.

The stock peaked on April 22 at 2848. Thereafter price was observed to be ranging between 2800-2350. Recently price has breached the rising trendline support and is expected to slide lower. The breakdown of the support was accompanied by a rise in volume which increases the reliability of the breakdown.

"Adani failed to specifically answer 62 of our 88 questions. Of the questions it did answer, the group largely confirmed or attempted to sidestep our findings," Hindenburg said in reply to Adani's explainations, adding that these explanations simply defy common sense.

The counter has witnessed the breakdown from an upward-sloping channel on the longer time frame while witnessing a breakdown of a long consolidation pattern on the shorter time frame with strong volume.

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 SBI and GAIL while Rajesh Palviya has a buy/sell recommendation on ITC and Bajaj Auto for today's trading session. Check out the targets and stoploss.

The markets went into a further tizzy on Friday, again triggered by the US investment firm’s report against the Adani group, closing sharply down. Volatility is expected in the markets ahead of the Union Budget on February 1.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates positive start for domestic equities today. The contract was trading at 17,751.50, up 62 points or 0.35% from the previous close.

The counter has witnessed the breakdown from an upward-sloping channel on the longer time frame while witnessing a breakdown of a long consolidation pattern on the shorter time frame with strong volume.

Adani Group told Reuters in a statement on Saturday that the sale remains on schedule at the planned issue price, even as sources said bankers on the country's largest secondary share sale were considering extending the timeline beyond Jan. 31, or tweaking the price due to the fall in its share price.

Investors are confident the Federal Reserve will raise rates by 25 basis points on Wednesday, followed the day after by half-point hikes from the Bank of England and European Central Bank, and any deviation from that script would be a real shock.

In a detailed point-by-point rebuttal, the group maintained that the charges levelled in the report appeared to be "selective and manipulative presentation of matters already in the public domain to create a false narrative". It also shows complete ignorance or deliberate disregard for applicable legal and accounting standards as well as industry practices, the group said.