“The situation is dire in China. This might impact market sentiments. Moreover, there are no near-term triggers to take the market higher. The next round of triggers will come only in January, starting with the Infosys and HCL Tech results on 12th Jan,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Based on high relative strength and strong uptrends on longer degree charts, brokerage firm ICICI Direct has picked 9 techno funda stocks such as L&T, Federal Bank, Ambuja Cement and Bajaj Electricals that can rally up to 29% in the calendar year 2023. Here’s a list of 9 techno-funda picks from ICICI Direct:

The Indian markets, like other Asian ones, reacted sharply downwards to the Bank of Japan’s surprising decision, on Tuesday, to allow a move of 50 basis points on either side of 0% in long-term yields. Markets in India, however, recovered largely by the end of the day.

This is the third time that the Nifty PSE index is approaching the 4,500 mark. On the last two occasions, the index failed to move further, and had to face more than 16% fall.Technical analyst Milan Vaishnav said a breakout is impending but the index is facing resistance at current levels.

Maruti Suzuki India’s daily trend is bearish to sideways. Both monthly and weekly RSI are showing a sideways trend. Although daily RSI is showing weakness. Based on option chain analysis for the January series, the range is between 8000 and 10000. This is a wide range. Let’s plan a trade around this for the January series.

​​A year that saw volume growth drop sharply due to the inflation impact on rural consumption,and profitability bearing the brunt of spiralling commodity prices, most FMCG majorsweathered the storm and managed to report growth in sales and profits.

Bombay Rayon will convene the board meeting to consider, approve and take on record the standalone and consolidated unaudited financial results of the company for the quarter and six months ended on 30 September, 2022.

Nifty futures on the Singapore Exchange traded 72 points, or 0.39 per cent higher at 18,498, signaling that Dalal Street was headed for a positive start on Wednesday. Here are some stocks which may buzz the most in today's trade.

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%. Japan's Nikkei was down 0.2%, paring earlier losses of around 1%. Gold miners in Australia led a 1.3% jump for the S&P/ASX 200.

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 Mahanagar Gas and IDFC Ltd while Kunal Bothra has a buy/sell recommendation on Reliance Industries and Axis Bank for today's trading session. Check out the targets and stoploss.

Sectorally, buying was seen in energy, IT, and oil and gas stocks while some selling was visible in telecom, realty, auto, and FMCG stocks.

Driving this trend is the softening of demand in certain car segments and fuel types. To shore up sales, most carmakers are offering discounts between 4.5% and 5% on their vehicles this month compared with 2-2.5% two years ago.

The Dow Jones Industrial Average rose 92.2 points, or 0.28%, to 32,849.74, the S&P 500 gained 3.96 points, or 0.10%, to 3,821.62 and the Nasdaq Composite added 1.08 points, or 0.01%, to 10,547.11.

Telecom operator, Bharti Airtel, has acquired a strategic stake of around 8 per cent in Lemnisk under its startup accelerator programme for an undisclosed amount.

Whether this is a strategic tweak to buy time for his yield-curve control settings until his decade-long term ends in April or the start of the end for his unprecedented monetary easing remains to be seen.

In its report on the state of the economy, RBI said that with every passing day, the balance of risks gets increasingly tilted towards a darkening global outlook for 2023.

The court, which has its seat in Luxembourg, believes the general public's access to such data constitutes a "serious interference with the fundamental rights to respect for private life and to the protection of personal data", according to its ruling on November 22, 2022.

The investment bank said the reopening of China's economy, together with peaking of interest rates in the US, bodes well for industrial commodities such as metals and crude oil that could benefit from demand improvement and price stability.

​​Axis Bank is currently trading at 1.4 times its FY25 estimated core book value, compared with 1.9 times that of ICICI Bank. The net interest margin gap between ICICI Bank and Axis Bank has narrowed to 36 basis points (bps) in April-September 2022 versus 64 bps in the previous year. One basis point is 0.01%.

As per the research paper, following the Asian Development Bank's 2021 framework, the core digital economy is estimated to be 5.40% or $0.11 trillion of the Indian economy's overall gross value added (GVA) in 2014 ($1.99 trillion), which increased by more than 15% annually in absolute terms to contribute to 8.5% of the economy's GVA in 2019.

Several platforms like ETMoney, GROWW, Zerodha and Paytm offer direct plans to mutual fund investors. Direct plans bypass distributors and result in cost savings to the investors over the long term.

The asset management company hit a fresh 52-week high of Rs 2,535 on 11 January but failed to hold on to the gains. It hit a low of Rs 1,690 on 24 May 2022, before bouncing back.

Sebi's top decision-making body also tightened governance norms for the stock exchanges and other related institutions that constitute the broader market infrastructure. It also sought to enhance the risk management framework for 16 top brokers considered systemically significant.

Effectively, it would be difficult for Piramal Enterprises now to participate in the auction process scheduled Wednesday. This is mainly because Piramal's binding offer is for one entity of Reliance Capital, while only those bidders offering to buy the entire company can participate in the challenge auction process. Furthermore, Piramal's binding offer was made with Cosmea, which is not participating in further rounds of the sale process.

The Nifty declined 35 points, or 0.19%, to end at 18,385. Both the indices had fallen over 1% earlier in the day amid a market wide sell-off after Bank of Japan surprised investors by modifying its yield curve control band, sending Asian stocks in a tailspin.

"HDFC AMC has recently witnessed a breakout from a reversal pattern and also reclaimed the major moving averages on the weekly chart. All indications are pointing towards gradual rise from hereon," Ajit Mishra, VP - Technical Research, Religare Broking Ltd, said.

It said India's robust medium-term growth outlook is a key supporting factor for the rating. A clear improvement in corporate and bank balance sheets, which were under strain prior to the pandemic, is likely to facilitate a steady acceleration in investment in the coming years.

With regards to foreign investors, Sebi said its approved proposals regarding procedural requirements for on-boarding FPIs in order to further reduce the time taken for granting registration to such investors.

About 15 minutes into trading, the tech-rich Nasdaq Composite Index slumped 0.8 percent to 10,462.61, while the broad-based S&P 500 dipped 0.4 percent to 3,801.88.

“Domestic sentiments were dented in line with global peers after the Bank of Japan (BoJ), in a surprise move, raised interest rate by 25 bps to 0.5%. Further, rising death cases in China after easing Covid-19 restrictions instilled more fear. Nifty opened the gap down and witnessed selling pressure for the most of the session," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Indian shares pared most of the losses in the final hour of a volatile session on Tuesday, helped by a rebound in information technology stocks, while recession worries and a surge in Covid-19 cases in China continued to dampen sentiment. All the sectors, barring information technology, oil & gas and metals declined, while auto and FMCG stocks lost more than 0.6%."Following a gap-down start, the Nifty found support at the lower side of the rising channel, leading to a recovery near the end of the session. On the hourly time frame, the momentum indicator RSI (14) is in a bullish crossover. The short-term trend will likely remain bullish until the index sustains above 18350 on a closing basis. On the lower end, support is pegged at 18350/18150,” Rupak De, Senior Technical Analyst at LKP Securities, said.

The move to strengthen and scrutinize the regulations come amid the corporate governance allegations against erstwhile members of India’s biggest stock exchange, the National Stock Exchange, including former MD and CEO Chitra Ramakrishna.

The Dow Jones Industrial Average fell 22.30 points, or 0.07%, at the open to 32,735.24.

Indian shares pared most of the losses in the final hour of a volatile session on Tuesday, helped by a rebound in information technology stocks, while recession worries and a surge in Covid-19 cases in China continued to dampen sentiment. All the sectors, barring information technology, oil & gas and metals declined, while auto and FMCG stocks lost more than 0.6%."Following a gap-down start, the Nifty found support at the lower side of the rising channel, leading to a recovery near the end of the session. On the hourly time frame, the momentum indicator RSI (14) is in a bullish crossover. The short-term trend will likely remain bullish until the index sustains above 18350 on a closing basis. On the lower end, support is pegged at 18350/18150,” Rupak De, Senior Technical Analyst at LKP Securities, said.

The benchmark Sensex ended around 104 points lower at 61,702 on Tuesday. Despite weakness in the markets, five stocks from the BSE consumer discretionary index managed to touch 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.

Volume profile indicates Nifty may find support around the 18150-18200 zone, which was tested today. The highest OI was observed at 18500, followed by a 18600 strike price, while on the Put side, the highest OI was at an 18300 strike price.

Domestic indices on Tuesday fell sharply in early trade amid weak sentiments globally. However, towards the later part of the session, benchmarks pared most losses. Nifty settled with a loss of 35 points at 18,385. Among sectoral indices, Nifty IT and Nifty Metal ended higher, while all other indices ended in the red. Here are the stocks that gained focused in Tuesday’s trade:

With this issue, Mindspace REIT has broadened its debt profile further. At the time of its IPO, in August 2020, 100% borrowings of Mindspace REIT were in the form of bank borrowings at the asset’s special purpose vehicle level.

The decision for the same is based on the recommendations in the Keki Mistry report, which suggested phasing out share buybacks from the open market through stock exchanges as these are prone to misuse.

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

Gyan Enterprises Pvt Ltd and Chowdry Associates are the two promoter group entities that sold the stake, the company said in an exchange filing.

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

Closing Bell: Sensex rebounds around 600 pts from day’s low, still ends 104 pts lower; Nifty below 18,400; Eicher Motors, UPL drop 2% each

Nifty Realty index plunged about 8.5% in 2022 after recording gains for three years straight. The index surged 54% in 2021, 5% in 2020 and 29% in 2019. For the year, seven out of 10 stocks have given negative returns, out of which five stocks have slipped 15-45%. However, according to Trendlyne data, stocks of these weak performers are likely to see a good upside. (Data Source: ACE Equity)

Among Sensex stocks, Tata Motors, HUL, M&M, L&T and Bharti Airtel were the top laggards, falling over 1%. Maruti, NTPC, Tech Mahindra, and Bajaj Finance also closed lower.

This is partly also because of the stretched valuations. Currently, India is the most expensive market within the emerging market pack. It is trading at close to 20 times its one-year forward earnings.

“We see a period of consolidation for the Indian market with further correction in multiples of the market, led by gradual de-rating of multiples of ‘growth’ stocks from current high levels, as the market reconciles to higher-for-longer interest rates. They are yet to correct to lower multiples that commensurate with higher interest rates except for IT services stocks,” it said.

Domestic equity markets are stuck in a range after testing record highs a few weeks earlier. However, market analysts believe that while indices are likely to consolidate in the near term, traders will have opportunities to initiate a trade on both sides. Based on their recommendations, here are the top 10 ideas to make money:

The board has also constituted a committee called the 'buyback committee' for the purpose of the buyback in accordance with the regulations and has delegated its powers to do such acts, deeds, matters, and things as it may, in its absolute discretion, deem necessary, expedient, usual or proper in relation to the proposed buyback, it said.