Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.

The recent price action helped the stock the breakout from a Pennant formation on the weekly charts. Pennant is similar to a symmetrical triangle but with few differences.

All 10 Adani Group stocks were in the red this morning with Adani Ports dropping the most at 5% to hit day's low at Rs 723. Other top losers in the pack included Adani Power, Adani Wilmar and Ambuja Cement - all of them lost 4% each.

While announcing its September quarter earnings, HCL Tech had raised the constant currency revenue growth guidance to 13.5-14.5% for FY23. But 2 months later, it said that growth is likely to be at the lower end of this range.

Therefore, to incentivize both lower and higher-income individuals to shift to the new regime, it can perhaps be made more lucrative--by providing some additional tax sops, while retaining the overarching simplified tax structure of the new regime.

The domestic brokerage has maintained a sell rating on the stock with an increased fair value of Rs 7,850. It said the margin trajectory is likely to lag expectations, led by growth moderation in the entry-level segment, which will increase discounts, and unfavorable forex and uptick in base metal prices.

The consensus recommendation from five analysts for Nazara Technologies is a buy. Out of the nine analysts covering the stock, seven analysts have strong buy and buy ratings, one has a strong sell rating and the remaining one has a hold rating.

Indian equity indices extended losses in Wednesday's trade amid negative cues from global peers. BSE Sensex was trading 850 points or 1.39% lower at 60,128 while Nifty50 was trading at 17,865, down 252 points or 1.40% at around 11.30 am.

Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

While TCS reported strong numbers for the December quarter, it wasn’t good enough to entice investors as risks to earnings growth persists amid the macroeconomic slowdown in Europe and US.

All 10 Adani Group stocks were in the red this morning with Adani Ports dropping the most at 5% to hit day's low at Rs 723. Other top losers in the pack included Adani Power, Adani Wilmar and Ambuja Cement - all of them lost 4% each.

On Tuesday, the markets stayed within a defined range, ending up with negligible gains ahead of the monthly derivates expiry a day later. Action remained on some stock-specific moves.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Tuesday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command.

The selection of stocks, which is done using a Python code, begins with forensic screening and looking for companies with low leverage and consistent profitability. The portfolio combines uncorrelated factors like quality and value to lower downside risk.

Morgan Stanley maintained an overweight rating on Maruti Suzuki post December quarter results with a target of Rs 10,483.

“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Opening Bell: Sensex down 150 pts, Nifty below 18,100; CarTrade Tech gains 5%, MOSL falls 5%.

The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.

The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.

MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4% to a seven-month high, with South Korean shares gaining 1.3% as trading resumed after the Lunar New Year holidays.

Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.

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 ICICI Bank and GAIL while CA Rudramurthy has a buy/sell recommendation on DLF and Bank of Baroda for today's trading session. Check out the targets and stoploss.

Adani Group is controlled by billionaire Gautam Adani.

Expectations of further rate increases from the ECB also aided sentiment. Policymakers are committed to taming inflation, but are split on the size of moves beyond February's likely half-a-percentage point increase.

The January futures contract of Nifty 50 on the Singapore Exchange hints at a negative start for domestic equities on Wednesday. The contract was trading at 18,176.50, down 28 points or 0.15% from the previous close. Here are some stocks which are expected to see some action in trade today.

The exact cost of the fallout from the glitch is unclear, but the cost to brokers and retail traders is likely to be in the eight-figure range, according to a person at a major brokerage who spoke on condition of anonymity because the matter is sensitive.

Economic data showed shallower-than-expected contraction in the manufacturing and services sector in the first weeks of the year, suggesting that the Federal Reserve's restrictive interest rates are dampening demand.

Swiss exports of gold to countries including China, Turkey, Singapore and Thailand surged to multi-year highs in 2022, Swiss customs data showed on Tuesday. Australia's Newcrest Mining said gold production fell 2.8% in the second quarter from the first, missing analyst expectations, after operations were suspended at its Brucejack operations in Canada following a fatality.

Tata Motors is seen posting a consolidated net profit of Rs 285 crore for the December quarter, compared with a loss of Rs 1,516 crore a year ago, and a loss of Rs 945 crore a quarter ago. Consolidated sales are seen rising over 14% year-on-year (YoY) and 3% sequentially to Rs 82,738 crore.

Coffee Day Enterprises, in consultation with the NSE, would have to appoint an independent law firm to take effective steps for recovery of the outstanding dues. VG Siddhartha, the chairman of the Coffee Day Group, had reportedly committed suicide in July 2019.

Twin Star Holdings, a unit of the London-based Vedanta Resources, is talking to multiple global financiers such as JP Morgan, Barclays, Deutsche Bank and Standard Chartered for the bridge loans, the sources cited above said. These financiers are relationship banks for the Anil Agarwal-led conglomerate.

The committee of creditors (CoC) approached the appellate tribunal after the Mumbai bench of the National Company Law Tribunal (NCLT) stayed the second challenge mechanism for the sale of Reliance Capital. ET has seen a copy of the CoC's petition.

Of course, we aren't talking about its expanding portfolio of spanking new SUVs here - or that range-topping, highest-specifications crossover that now takes the OTR (on-the-road) price of a Maruti-badged car beyond the ₹20-lakh threshold.

"Transformation is in the right direction...We expect the discount to larger private sector peers to narrow as Axis Bank starts reporting strong operating performance on a more sustainable basis," JM Financial said in a client note.

“At this point in time, we are watching the next central bank move on the repo rate, so raising funds from the market makes sense because we can tweak the tenure. But with term deposits, there is no scope of repricing,” said a senior official at a private sector bank.

The NCLT had approved the transfer of Jet Airways' ownership on January 13, despite the lenders' contention that the consortium had not fulfilled all condition precedents (CPs) - including securing the airline's domestic flight slots and international traffic rights - as proposed in the resolution plan.

Sources close to the development said Sebi will argue in the apex court that the tribunal's order is inconsistent with its earlier order against audit firm PWC in the matter of Satyam Computers. SAT had upheld Sebi's order directing PWC to disgorge the fees charged by it.

The S&P BSE Sensex stock hit a record high of Rs 877.10 on November 25, 2022, but failed to hold on to the momentum

There are no grounds to depart from the rate path laid out by the ECB in December — even as energy prices plunge and headline inflation comes off record highs, the Lithuanian central bank chief said in an interview in Vilnius. Monetary tightening may not finish before the summer, he said.

Earlier this month, Sebi sent notices to various entities, including erstwhile promoters of Religare Enterprises Malvinder Mohan Singh and Shivinder Mohan Singh, asking them to pay Rs 48.15 crore within 15 days in a fund diversion case of Religare Finvest.

"Technical indications are in the favour of further consolidation and it might retrace further to retest the trendline support on the weekly chart before resuming the uptrend," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

U.S. PMI data is due later in the day, and, according to Fiona Cincotta, an analyst at Cityindex, a weak print pointing to a slowdown "could be a case of bad data being good news for the stock market" given what it could mean for expectations for the Federal Reserve's policy path moving forward.

Tuesday’s volatile trading session saw benchmark equity indices ending flat with Nifty holding 18,110 levels. Sensex added 37 points to close at 60,979. Nifty Auto and Nifty IT rose the most by up to 1%, while Nifty PSU Bank and Nifty Realty logged the highest losses of more than 1% each.“Nifty bears were active around the 18,200 level, and the index remained under pressure throughout the day. The index is stuck in a broad range between 17,900 and 18,200, and a break on either side will lead to trending moves. The options data shows aggressive writing at the 18,200CE strike, and the lower end support is visible at 18,000PE, where the put side has the most open interest,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Wednesday:

The Dow Jones Industrial Average fell 184.84 points, or 0.55%, at the open to 33,444.72

The benchmark index Sensex closed up about 37 points to 60,978 on Tuesday. Despite the market ending with a small gain, six stocks from the BSE midcap index slipped to record their new 52-week lows.The 52-week low is the lowest price a stock has traded during the last one year. Some traders and investors use this technical indicator as an important factor to analyse a stock’s current value and to predict its future price movement.

In the last one month, the stock has fallen about 14%

Nifty bears were active around the 18,200 level, and the index remained under pressure throughout the day. It is stuck in a broad range between 17,900 and 18200, and a break on either side will lead to trending moves. The options data shows aggressive writing at the 18,200CE strike, and the lower-end support is visible at 18,000PE, where the put side has the most open interest.