The Dow Jones Industrial Average rose 64.07 points, or 0.19%, at the open to 33,439.56

As global market sentiments improved anticipating a less aggressive rate hike, Indian equity indices ended Monday’s session on a positive note. Sensex gained around 320 points and closed the session at 60,941 levels, while Nifty topped 18,100 levels.“The Nifty moved in a range after a gap up start; at the end, a doji pattern was formed. The trend, however, remains positive for the short term, as the index has been sustaining above the 50 EMA as well as the 200 DMA. The RSI is in bullish crossover and rising. On the higher end, a directional move may be seen upon a close above 18,200, support on the lower end is seen at 17,950,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Tuesday:

Participatory notes (P-notes) are issued by registered Foreign Portfolio Investors (FPIs) to overseas investors who wish to be part of the Indian stock market without registering themselves directly. They, however, need to go through a due diligence process.

Benchmark index Sensex closed higher by about 320 points to 60,941 on Monday. Despite the rally, eight stocks from the BSE midcap index slipped to touch their new 52-week lows. Interestingly, all these stocks see good upside potential according to Trendlyne.com forecaster.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.

The company was listed in the US in 2004. Each ADS of Tata Motors represents 5 ordinary shares of the company

US manufacturing composite PMI, Eurozone manufacturing PMI to be out; Microsoft among those in global markets; and Maruti Suzuki and other companies to report their earnings.

Eighteen of the 22 economists and market watchers surveyed by Reuters had said there would be a hike -- 14 of them predicted 100 basis points (bps), three expected 200 bps, and one said 150 bps. Four respondents expected rates to remain unchanged.

Fear gauge index India VIX was down by 1.25% from 13.79 to 13.61 levels. Volatility cooled down from higher zones and now needs to sustain below 14 for stability to resume.

The Axis Bank Ltd on Monday reported a 61.9% rise in quarterly profit, as strong loan growth boosted interest income. Net profit rose to 58.53 billion Indian rupees ($719.53 million) in the three months ended Dec. 31 from 36.14 billion rupees a year earlier, Mumbai-based Axis Bank said in an exchange filing.

Sensex snaps 2-day losing streak; jumps 320 points; Nifty tops 18,110; Coforge rallies 6%, JSW Energy sheds 6%; Shree Cements, Future Retail, Yes Bank are some of the top losers in closing trade.

The BSE Sensex index ended 320 points or 0.53% higher at 60,941, while Nifty50 rose 91 points or 0.50% to settle at 18,118

In December 2016, the bank raised Rs 3000 crore AT-1 bonds offering a coupon of 9.5% and later, in October 2017 it raised Rs 5415 crore through AT-1 bonds, offering 9% coupon.

The Securities Appellate Tribunal (SAT) ordered the country's largest exchange to pay a penalty of 1 billion rupees ($12.3 million) for the lapses in its systems, the lawyer representing NSE said in Mumbai.

The euro climbed 0.4% and euro zone banks added 0.7% after ECB governing council member Klaas Knot said on Sunday the central bank was set to increase interest rates by 50 basis points in both February and March and would continue to raise rates in the months after.

As a result, Nuvama Wealth feels the stock should get included in the March review. Adani Wilmar qualifies for inclusion into Nifty Next 50, but if the exchange uses the discretion to give preference to stocks that are part of the derivatives segment, then Nuvama Wealth believes either Trent or TVS Motor can be probable candidates for inclusion in the index.

ChatGPT is still a pre-trained generator i.e., it requires training. Eventually, it will learn to identify its mistakes and evolve, bringing it closer to human consciousness (sans imagination; well, hopefully!). So far, we have only seen this in sci-fi movies. But AI is now here, and it will likely take the centre stage in many endeavours that hitherto were firmly in the humanoid domain. Things are changing and we better adapt ourselves to work alongside, rather than fight it.

“We are confident in our understanding of the current methodology and rule out its inclusion in this review,” said Abhilash Pagaria, head - of alternative and quantitative research at Nuvama Wealth, in a report on Monday.According to Nuvama Wealth, until the merger got completed and fresh shares were credited to the shareholders, NSE considered L&T Infotech as an independent entity.

Liquidity continues to be strong with cash balances at Rs 3,029 crore as of December 31, 2022. The company has one of the most substantial balance sheets among its peers with a large headroom to pursue value accretive growth opportunities, the company informed through an official filing.

Given the asset-heavy nature of the business's continuous requirement to fund new acquisitions and investments to ensure successful operations of REITs, debt is an important component of the capital structure of a REIT. While funding is available to REITs through the issuance of debt securities, in the case of larger funding requirements, the markets may not match the funding requirements of REITs in a timely manner due to various macroeconomic and other conditions.

Shares of private lender Yes Bank tumbled 12.4% to Rs 17.35 in Monday's trade after the bank reported an 80.66% year-on-year (YoY) drop in its standalone December quarter net profit to Rs 51.52 crore due to ageing-related provisions. Its net interest income improved by 11.7% YoY at Rs 1,971 crore in Q3.

The largecap bank stock, which has rallied nearly 10% in the last year, remains the top favourite of brokerages, with Kotak Institutional Equities saying the performance thus far shows the bank can consistently trade at best-in-class multiples.

The covid led supply chain disruption had led to a sharp rise in the price of polymers and speciality paints prices. Both are key raw materials for packaging companies and the spike led to hit the margins of packaging companies. Now prices are cooling off and stabilizing at lower levels, tailwinds for select packaging companies have gathered momentum. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

“Based on the aforementioned rationale, stock can be looked for by candidates in the range of Rs 152 to Rs 150 with a stop loss of Rs 145 for the upside potential up to Rs 163 to Rs 165 level. Duration can be one month around,” he recommends.

We will take significant steps to raise productivity in the real economy and focus on improving rural jobs. Clear disinvestment targets would be better if there is a strategic stake sale in a few companies rather than minor divestments in more companies.

Its CASA ratio in Q3 stood at 29.9% and CET 1 ratio was at 13%. Yes Bank said its total assets rose 13% YoY to Rs 343,798 crore while non-interest income rose 56% to Rs 1,143 crore. The size of the total balance sheet grew 12.9% YoY and 2.8% QoQ to Rs 343,798 crore.

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.

"O2C was the key driver for the earnings beat (QoQ O2C EBITDA +16%) and in our view, O2C (Refining, Petrochem) and E&P should remain the key earnings drivers in CY23 as consumer business growth slows down," said JP Morgan's Pinakin Parekh.

Citigroup downgraded JSW Steel to a sell rating from neutral post December quarter results with a target price of Rs 675.

During the December quarter, Kacholia added Goldiam International, Raghav Productivity Enhancers and Knowledge Marine & Engineering Works to his portfolio.

American investor and mutual fund manager Peter Lynch is best known for growth at a reasonable price approach to investing. A hugely successful former manager of the Fidelity Magellan Fund, his philosophy is detailed in his best-selling books "One Up on Wall Street" and more recently in "Beating the Street." Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates. Based on the idea of Lynch, a custom screen made by MarketSmith emphasizes securities that are trading for below-average prices on a PE or PEG basis that are not already widely owned by institutions.Here are 10 stocks that match Peter Lynch's idea of stock picking, as listed on MarketSmith:

The shorter trade settlement cycle will come into force for all the listed securities in the Indian equity market from Friday.

According to a survey conducted by ETMarkets, 86% of the 15 respondents have voted for a growth-oriented budget.

“Nifty’s 17800-18200 range has been holding for some time now. To break the upper end of the range, the market needs positive triggers. Early Q3 results broadly have been positive with IT companies and banks delivering good results,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Opening Bell: Sensex gains nearly 300 pts, Nifty above 18,100; Yes Bank tumbles 9%, JSW Energy 5%

“Nifty’s 17800-18200 range has been holding for sometime now. To break the upper end of the range, the market needs positive triggers,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

On the last trading day of the week, the markets ended with a net loss. Some IT stocks are showing renewed resilience after underperforming the markets for a while.

Sectorally, buying was seen in power, utilities, banks, and the public sector while selling was seen in telecom, consumer durables, FMCG, and metals.

Axis Bank’ daily trend is sideways. Although, RSI for daily is indicating a sideways trend. Based on option chain analysis, the range is between 900 and 1000. Let’s plan a trade around this.

The stock peaked on Sept 21 at 880. Thereafter price was consolidating and its recent attempt to cross the previous high failed and made a lower high of 860. On the weekly chart, the price has broken the support from the lower trendline of a symmetrical triangle. In the days ahead price is expected to slide lower toward the target of the triangle.

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 ONGC and GAIL while Rajesh has a buy/sell recommendation on Dabur India and Persistent for today's trading session. Check out the targets and stoploss.

The January futures contract of Nifty 50 on the Singapore Exchange indicates a positive start to domestic equities on Monday. The contract was trading at 18,139, up 94.5 points or 0.52% from the previous close.

Foreign portfolio investors (FPIs) on Friday net sold shares worth Rs 2,002 crore, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 1,510 crore.

Jio added 5.3 million customers in October-December, including wired broadband or fibre-to-the-home (FTTH) users. The telecom market leader does not give a breakdown of mobile and wired broadband user additions.

"Royalty grants us the right to use Unilever-owned brands and access to Unilever's cutting-edge technical knowhow, world class R&D and innovation capabilities," he said. "The service fees enable us to leverage Unilever's global expertise and functional services."

This takes the total investment by the Japanese parent and its affiliates to Rs 1,600 crore into Credit Saison India, which expanded its portfolio of assets to Rs 5,000 crore in four years.

"All bidders that had submitted bids early this month are very close, which means a recovery of over 75% is almost guaranteed. To break the deadlock, banks will push the bidders to offer more particularly with more cash upfront, which is likely to take recovery closer to 100%," said a person familiar with the process.

For the December quarter, the company's Ebitda rose by 160% sequentially to ₹4,547 crore, although down sharply over last year's corresponding quarter. Lower raw material costs helped. But several cost-saving investments which it commissioned also have started showing. Revenues stood at ₹39,134 crore, down 6% QoQ and net profit at ₹474 crore vs loss of ₹915 crore.

So, adjusted for inflation, the real return based on December consumer inflation, is at least 55 basis points, or 0.55%. This is because of a softening of inflation numbers and interest rates remaining higher. Fixed income has not delivered real returns in over a decade.

​​If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, UltraTech Cement, Sterlite Technologies, Persistent, ONGC, Coal India, and Vedanta are some of the stocks that look bullish on charts, according to analysts.

"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.