FOMO (fear of missing out) was common among many new investors as they lost track of winners while trying to time the market amid the ups and downs led by fears related to Fed rate hikes, Russia-Ukraine war, inflation and recessionary projections.

Putting Asian markets under pressure was Japan's core consumer inflation data which hit a fresh 40-year high of 3.7% in November as companies continued to pass on rising costs to households. Japan's Nikkei lost over 1% and was set for its worst week since mid-June.

Ahead of listing, shares of Landmark Cars were exchanging hands at a discount of 15-20 in the grey market against the issue price.

Further, farm income is expected to grow higher on the back of a good Rabi crop season. And inflation pressures are showing signs of easing. Moreover, the persistent COVID-led restrictions in China and major slowdown in Europe has forced companies globally to look for alternate sources and this became a major boon for India.

Data analysis of the past 15 years suggests that BSE smallcap index has given negative returns in only five instances since 2007. But in the following year, the index has surged over 30%, with 2019 being an exception.

Putting Asian markets under pressure was Japan's core consumer inflation data which hit a fresh 40-year high of 3.7% in November as companies continued to pass on rising costs to households. Japan's Nikkei lost over 1% and was set for its worst week since mid-June.

Jefferies initiated a buy rating on Medanta (Global Health) with a buy rating and a target price of Rs 550. Medanta is a top-notch healthcare provider with strong brand equity, the brokerage said.

“The global market backdrop continues to be weak due to the strong economic data from the US. The paradox of good economic news turning out to be bad news for markets is playing out. Data from US on consumer confidence, jobless claims, and Q3 GDP numbers surprised on the upside, indicating continuation of the hawkish monetary stance from the Fed,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Droneacharya Aerial Innovations provides a high-end ecosystem of drone solutions for multi-sensor drone surveys, data processing of drone data using robust high-configuration workstations, drone pilot training & specialized GIS training.

The stock price started its fall from Rs 404 (August 2018). The stock breached Keltner channels on downside and made a low of Rs 5.55 in March 2020. The stock recovered and made a high of Rs 20.83 (December 2020). Thereafter, the stock traded in the range of (Rs 10-18) from March 2021 to November 2022.

Incorporated in 2009, Abans Holdings, the financial services arm of Abans Group, is engaged in financial services, gold refining, jewellery, commodities trading, agricultural trading and warehousing, software development and real estate.

“Consistent margin improvement and efficient capital management will help RoCE to steadily improve in the coming years for Healthcare Global Enterprises,” Kaustubh Pawaskar, DVP Fundamental Research at Sharekhan by BNP Paribas, said.

Ahead of listing, shares of Landmark Cars were exchanging hands at a discount of 15-20 in the grey market against the issue price.

Kaustubh Pawaskar, DVP Fundamental Research at Sharekhan by BNP Paribas highlights 5 factors why Healthcare Global Enterprises is a top buy in hospital space for 2023:

“The global market backdrop continues to be weak due to the strong economic data from the US. The paradox of good economic news turning out to be bad news for markets is playing out. Data from US on consumer confidence, jobless claims, and Q3 GDP numbers surprised on the upside, indicating continuation of the hawkish monetary stance from the Fed,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

FOMO (fear of missing out) was common among many new investors as they lost track of winners while trying to time the market amid the ups and downs led by fears related to Fed rate hikes, Russia-Ukraine war, inflation and recessionary projections.

After a strong US economic data exacerbated fears that the Federal Reserve could remain hawkish for longer, the domestic equity market on Friday opened in the red. Further, market investors are on tenterhooks amid fears of a possible Covid wave. Selling was seen across all sectors except pharma and healthcare. BSE Sensex was trading 482 points or 0.79% lower at 60,343. Nifty50 was trading at 17,973, down 154 points or 0.85% at around 9.25 am.

Nifty50 breached the 18,000 mark on Friday and the next big support for the index is placed at 17,900 levels. Experts advise investors to pick quality socks on dips.

Data analysis of the past 15 years suggests that BSE smallcap index has given negative returns in only five instances since 2007. But in the following year, the index has surged over 30%, with 2019 being an exception.

The markets continued to correct itself, ending with a net loss on Thursday. Some defensive stocks like IT and Pharma are showing good relative strength, though.

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 Britannia and Kotak Mahindra Bank while Kunal Bothra has a buy/sell recommendation on ICICI Bank and City Union Bank for today's trading session. Check out the targets and stoploss.

Tata Motors’s daily trend is bearish; however, it is trading near the support area. Based on option chain analysis for the January series, the range is between 380 and 450. Let’s plan a trade around this for the January series.

Stocks that were in focus include names like ICICI Lombard which rose more than 1%, Jindal Stainless which closed with gains of nearly a per cent, and PNC Infratech also closed with gains of nearly 2% in a muted market with strong volumes.

Nifty futures on the Singapore Exchange traded 107 points, or 0.57 per cent lower at 18,071., signaling that Dalal Street was headed for a negative start on Friday. Here are some stocks which may buzz the most in today's trade.

The board of Ramco Systems met the previous day to consider raising of funds by way of issue of shares and/or warrants convertible into equity shares. The board decided on the issuance of warrants as well as equity shares.

Tesla's stock has tumbled 36% so far in December, putting it on track for its worst ever monthly performance. By comparison, Tesla's shares dropped 22% in March 2020, when the coronavirus pandemic tipped financial markets into a tailspin.

Meanwhile, oil prices rose on expectations of lower Russian crude exports from the Baltic region in December, offsetting worries that a looming Arctic storm across the United States could snuff out transport fuel demand growth this holiday season.

Tesla CEO Elon Musk said on Thursday he will not sell more Tesla stock for another two years.nWhile speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for vehicles will be lower.

Recession fears related to the Fed's prolonged interest rate hiking cycle have weighed heavily on equities this year, with the benchmark S&P 500 on track for a 19.8% annual drop, which would be its biggest since the 2008 financial crisis.

Recession fears related to the Fed's prolonged interest rate hiking cycle have weighed heavily on equities this year, with the benchmark S&P 500 on track for a 19.8% annual drop, which would be its biggest since the 2008 financial crisis.

Dalal Street will witness the debut of three company on Friday, December 23, 2022 including mainboard companies- Landmark Cars, and Abans Holdings- along withe SME player Dronacharya Aerial Innovations.

Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading losses as investors worried that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared.

Promoters Venkateswarlu Jasti and his family split Suven Life Sciences in FY20, turning the CRAMS business into a separately listed company via a demerger. The promoters own 60% of the company, which has a market value of ₹12,278.94 crore, based on the Thursday close.

India's villages, which contribute more than 35% to overall annual FMCG sales, are crucial for overall revival of the sector. Executives said good seasonal harvests, resulting in improved liquidity in the hands of farmers, higher government spending on infra, and the wedding season are aiding consumer sentiment in India's villages.

On Wednesday, Bandhan Bank invited expressions of interest for selling over 1.8 million loan accounts aggregating to a loan book of ₹8,897 crore. It said counteroffers should be at least 5% over the anchor bid of ₹801 crore. The offer from Phoenix ARC is a combination of security receipts and cash, one of the persons cited above said. The bank has invited applicants to submit offers by December 28. Phoenix ARC will have the first right to match the counteroffer, if any.

The recent resurgence in Covid infections - against a backdrop of tightening monetary policies and hawkish commentaries by global central banks that could potentially trigger a global recession has dragged India's benchmark indices down by nearly 5% after hitting their all-time highs on December 1.

As part of the deal, Reliance will get 31 large format stores in 21 cities as well as the realty portfolio that includes six store-occupied properties, 3,500 staff and Metro's 3 million B2B customers, of which 1 million are frequent buyers.

Setting up the Social Stock Exchange is on the lines of a proposal made by the government in the Union Budget of 2019-20 (April-March) to create a platform for listing social enterprises and voluntary organisations

"We are consolidating our development finance book, but we still like the business; it is materially a sound business," said Jairam Sridharan, managing director, Piramal Capital and Housing Finance. "The fact that banks have got serious limitations in terms of how to lend to real estate is well known. So, where will the funding come from? We want to be among those providers."

India's market cap stood at ₹281 lakh crore on Thursday as against ₹58 lakh crore in FY12. PSUs' market cap increased to ₹37 lakh crore from ₹16 lakh crore in FY12, while the private sector market cap rose to ₹252 lakh crore from ₹41 lakh crore.

Short-term traders can look to buy the stock now for a target of Rs 3,700-3,800 in the next 3-4 weeks, suggest experts

LIC said its holding in the company crossed 5 per cent on December 21, 2022. The acquisition of the additional shares were done at an average cost of Rs 4,790.76 apiece.

"Divi's Laboratories is showing signs of bottoming out and has taken support and almost made a double bottom formation pattern near 3250 zone on the daily chart," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said

At 9:50 a.m. ET, the Dow Jones Industrial Average was down 331.19 points, or 0.99%, at 33,045.29, the S&P 500 was down 50.70 points, or 1.31%, at 3,827.74, and the Nasdaq Composite was down 197.23 points, or 1.84%, at 10,512.14

The stake has been acquired through its wholly-owned subsidiary Reliance Strategic Business Ventures

The transfer of invoked shares is pursuant to assignment of loans sanctioned by the bank to Essel group companies (in respect of which default is subsisting and pledge on company's shares was invoked by Yes Bank), it added.

Sebi noted that Naresh is a director of Nishant Infin, which provided business services to Deepak Fertilizers and its subsidiaries. Also, Naresh is a cousin of Sailesh Mehta, who is the Managing Director of Deepak Fertilizers.

Shares extended fall for a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation, while fears of a Covid resurgence weighed on sentiment. Nifty at the close was dragged down to below 18,150 levels and the S&P BSE Sensex fell 0.39% to 60,826.22. This is the lowest close for both the benchmarks since November 10. Both Nifty and Sensex had gained over 0.6% in the opening minutes.Meanwhile, broader markets saw even more pain. All the sector indexes declined, with auto, metal, PSU banks and realty losing over 1% each.“With the given swift decline in the recent past, FIIs turned net sellers on the index futures, they largely trimmed their index futures long positions and added shorts and a similar trend is visible on stock futures. Nifty ended lower for three consecutive sessions. However, Bank Nifty managed to settle above its prior sessions low,” Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities, said.Here are 4 stock recommendations for Friday:

The Dow Jones Industrial Average fell 143.13 points, or 0.43%, at the open to 33,233.35

The ex-date when the stock adjusts in price as per the corporate action announced falls is January 18. This means investors intending to buy the stock for bonus shares must buy it before January 18. The stock has recorded a significant run-up, with its 1-year return at 191%, while its year-to-date (YTD) return is at 163%.