Also, considering it is the final full budget ahead of general elections in 2024, the Government could announce some benefits and policies aimed at the rural sector to boost languishing demand.

Budget 2023 would be a great opportunity for the Finance Minister to focus on empowering women and providing growth opportunities to bridge the gender gap in the economy

A question arises as to why IT companies have done well despite the fear of a recession and a potential downturn in the US and Europe. Has the market overlooked some important detail, or is this just a temporary surge?

For all those who are getting jittery about markets getting volatile, just a reminder that in quarterly earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results from select sectors like financials. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. 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". This predefined screener is only available to ET Prime users.

Also, considering it is the final full budget ahead of general elections in 2024, the Government could announce some benefits and policies aimed at the rural sector to boost languishing demand.

If something gives you 7-8% per annum as cash flow, why do you need tax inefficient fixed deposits (FDs)? After all, FDs are taxed at 20% while dividends are taxed at 10% above Rs 1 million. While a dividend yield of 7-8% sounds very attractive and retail investors often get swayed towards it, they also need to ask whether the company in question is fundamentally strong and offers capital appreciation.

In the recent months, there has been a significant rise in the use of securitised debt instruments in India. This has been driven by a number of factors, including increased demand for credit from consumers and businesses, as well as a desire among banks and financial institutions to manage risk and free up capital.

First and most important, ~27% of the average divestment proceeds in FY18-19 was achieved through CPSE to CPSE sale - a transaction where stake in one public sector entity is sold to another.

A question arises as to why IT companies have done well despite the fear of a recession and a potential downturn in the US and Europe. Has the market overlooked some important detail, or is this just a temporary surge?

Finance minister Nirmala Sitharaman delivered the budget on 1 February. The Nifty rose for the second consecutive time on the Budget day and welcomed the Budget 2022 with great vigour. The Nifty closed the budget day session on a cheerful note, rising 1.4%. However, the sentiment turned sour and the Nifty saw the fourth worst month between 2011-2022, shedding 4.5%.

Shares of SBI Card and Payments Services fell about 7% in 2 days after the company missed earnings estimates. SBI Card reported 32% year-on-year (YoY) rise in net profit to Rs 509.46 crore for the quarter ended December 31, 2022. The net interest income (NII) for the quarter grew 26.39% to Rs 1,609 crore and total income stood at Rs 3,656 crore.Should you buy, sell or hold SBI Card stock? Here's what analysts say:

From an insurance major which had been undergoing a long drawn process of change in ownership and it appears to be finally getting over to an Indian FMCG major where promoters have sold stake despite which stock price has not seen any major dent and finally to a company which weathers the bullish tailwinds and bearish headwinds with equal calm a rare power sector company. These companies have shown an improvement in their score at a time when analysts are revisiting their estimates and sentiments again are getting reset and bias is bearish. 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.

A report by American short-seller Hindenburg Research left Adani Group investors poorer by Rs 1 lakh crore in 1 day

On the revenue expenditure front, extending the Free Food distribution to the poor (under Pradhan Mantri Garib Kalyan Anna Yojana) till Dec-23 would seek allocation by taking into account ongoing inflationary trend.

Indian equity markets are well developed and despite huge outflow by FIIs during the last 18 months, the markets have remained buoyant because of strong fundamentals, large domestic equity investment, and reasonable corporate valuation.

"Affordable housing, electricity, Nal se Jal, and higher manufacturing would remain the prime focus for the government. Infra spending will get a further push. Capital expenditure can be increased from 2.9% of GDP to 3.5% of GDP."

Investor attention will also be on the Bank of England and European Central Bank meetings due next week, with traders looking for clues as to when the central banks are likely to turn dovish.

That outcome has become the catalyst for the market one way or the other," Carlson added. "Earnings matter but what's really got the market's focus is the Fed interest rate/inflation story.

The RBI has also sought comments on whether the framework should completely prohibit any kind of relationship of originator with the resolution manager post transfer of stressed assets or an arm's length relationship may be permitted for a certain period.

New model launches, healthy order book and commodity/operating leverage tailwinds will further support strong performance going ahead," said JM Financial in a client note. The brokerage values the stock at 25 times its one-year forward price-to-earnings as it raised the price target.

The closing of the transactions is subject to approval by the relevant authorities and to additional conditions customary for a transaction of this kind, said the statement. Bank of America has advised the buyer.

Banks have benefited largely due to a quick rate transmission under the external benchmark regime and will lose out on net interest margin (NIM) growth in the coming quarters as they are forced to increase deposit rates to fund credit growth here on

On average, loss makers registered net trading losses close to ₹50,000 in FY22. The average absolute net loss of a loss maker was over 15 times the net profit made by a profit maker, Sebi said.

At 12:21 p.m. ET, the Dow was down 208.76 points, or 0.62%, at 33,525.20, the S&P 500 was down 34.45 points, or 0.86%, at 3,982.50, and the Nasdaq Composite was down 139.09 points, or 1.23%, at 11,195.19

The benchmark index Sensex slipped about 773 points to 60,205 on Wednesday. Despite the fall in the markets, 6 stocks from the BSE smallcap 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

Dr Reddy's Laboratories Ltd on Friday said its consolidated profit after tax (PAT) for the quarter ended December 31, 2022 was up by 77 per cent at Rs 1,247.1 crore as against Rs 706.5 crore in the same quarter a year ago.

The Adani Group’s flagship company has allotted 1,82,68,925 shares to over 30 institutional investors at Rs 3,276 a share

Tata Motors on Wednesday reported a consolidated net profit of Rs 3,043 crore in the third quarter ended December 31, 2022, on account of robust sales across markets. The Mumbai-based auto major had reported a net loss of Rs 1,451 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 88,489 crore in the period under review from Rs 72,229 crore in the year-ago period, Tata Motors said in a regulatory filing.

Interestingly, individual traders belonging to the age group 30-40 years had the highest share in participation (39 per cent) across all age groups. For younger individual traders (20-30 years), the percentage share of participation went up significantly from 11 per cent during FY19 to 36 per cent during FY22.

The Nasdaq Composite dropped 187.74 points, or 1.66%, to 11,146.53 at the opening bell

The Adani Group’s flagship company has allotted 1,82,68,925 shares to over 30 institutional investors at Rs 3,276 a share

Now, till it holds below 18,018 zones, bounce could be sold for the down side move towards 17,850 and 17,777 zones whereas hurdles are placed at 18,018 and 18,081 zones, said Chandan Taparia of Motial Oswal.

Operating expenses in the quarter rose nearly 3% to $557 million from a year earlier, as the company spent more on employees and business-related expenses.

VG Siddhartha, who was the Chairman of the Coffee Day Group, had reportedly committed suicide in July 2019. It was reported that he had left behind a suicide note addressed to the board of directors and Coffee Day family wherein he revealed that he was in deep debt.

The company had reported a net profit of Rs 295 crore in October-December period last fiscal year. Total income declined to Rs 6,631 crore in the period under review as against Rs 8,917 crore in the year-ago quarter, the company said.

Sensex crashes 774 points, Nifty ends near 17,900; Adani Ports tanks 6%, SBI 4%; KIOCL, TVS Motor, UCO Bank are some of the gainers in today's trade.

After a negative report by American short-seller Hindenburg Research led to widespread selling in Adani Group stocks, the conglomerate said it is timed with a mala fide intention to damaging Adani Enterprises FPO.

“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.

TVS Motors registered total two-wheeler sales of 8.36 lakh units in December 2022 quarter against 8.35 lakh units in the year-ago quarter. Two-wheeler export sales were registered at 2.07 lakh units against 2.53 lakh units in December 2021.

Cipla on Wednesday reported a 10% year-on-year (YoY) rise in consolidated net profit for the quarter ended December 2022 to Rs 801 crore, but this was lower than the ET Now poll estimate of Rs 880 crore. Consolidated revenue from operations grew a meagre 6% on year to Rs 5,810 crore. It also missed analysts' estimate of Rs 6,100 crore.

Shares of ASML Holding NV lost 2% and were among the top drags on the STOXX 600, despite forecasting sales growth of more than 25% for 2023.

There will be no action in the equity segment, equity derivative segment and SLB Segment on Thursday, according to the list of stock market holidays 2023, available on the official BSE website. Trading in the commodity segment of MCX will also remain close.

Billionaire Gautam Adani's personal wealth saw an erosion of up to $5.9 billion during the day after the conglomerate shares dropped up to 10% on Wednesday following a negative report by American short-selling firm Hindenburg Research.

When it comes to cement, the whole focus comes on select stocks like ACC, GACL and Ultratech and Shree cement. However there are many companies in the sector which are ignored because either they are regional companies or their overall capacity is not very high. However from a stock market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions. We take a look at what analysts are saying across the board.

"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomato’s food delivery business and the high likelihood of the company having lost some market share to Swiggy in recent quarters as the latter had continued to run its loyalty programme, especially when ‘Pro Plus’ was absent," the brokerage firm JM Financial said.

It provides and helps to create employment opportunities, provides risk capital and ensures development of markets (private to public) by enhancing liquidity and making it efficient.

The brokerage said collection delays from Vi and Indus’s exposure as service provider (~35%+ revenues, in our view) remained the key area of concern, adding that the key issue going forward is clarity on how the tower company plans to recover its money from loss-making Vi.

It is often seen that investors – especially those who are just stepping into the markets – chop and change their strategy during a recession. In fact, some are so affected by the ‘bad’ news that they decide not to take the plunge at all.

When it comes to cement, the whole focus comes on select stocks like ACC, GACL and Ultratech and Shree cement. However there are many companies in the sector which are ignored because either they are regional companies or their overall capacity is not very high. However from a stock market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions. We take a look at what analysts are saying across the board.

As the economic activities continue to pick pace, logistic companies are back on their feet. They had suffered during covid period and due to rising oil prices, but now there are more tailwinds than headwinds. The list only includes companies which have an institutional shareholder holding of at least 9 percent.The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.