New York Fed President John Williams said on Friday it remains possible the U.S. central bank will raise rates more than it expects next year

While tagging an investment approach to a particular strategy, the portfolio manager should select one benchmark from those prescribed for that strategy to enable the investor to evaluate relative performance of the portfolio managers, Sebi said.

At 10:10 a.m. ET, the Dow Jones Industrial Average was down 343.24 points at 32,858.98

Under the framework, scenarios which may potentially prevent a clearing corporation from being able to provide its critical services and may lead to winding down of its critical operations and services have been identified.

But when it comes to some Wall Street forecasts that argue the Fed may need to go as high as 6% or 7% on the federal funds rate target, Williams said "that's definitely not my baseline."

He had availed loan to exercise warrants and enable maintaining the total promoter's stake at a minimum of 26 per cent during the first 5 years of operations that ended in January 2022 as per the RBI regulations, it said.

The Dow Jones Industrial Average fell 35.76 points, or 0.11%, at the open to 33,166.46

Benchmark index Sensex fell about 460 points to close at 61,337 on Friday. Despite this free fall in the markets, seven stocks from the BSE 500 index managed to record their 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.

The Supreme Court on Wednesday directed the Delhi High Court to proceed with the execution of the Rs 4,600 crore arbitration award granted in favour of DAMEPL, which had pulled out from running the Airport Express metro line over safety issues and take it to a logical end within three months.

Global markets extended their rout as the European Central Bank (ECB) and Bank of England (BoE) followed the Fed in raising policy rates by half a per cent while maintaining a hawkish tone on inflation. The aggressiveness of central banks in combating inflation has raised concerns about the global economy's health," said Vinod Nair, Head of Research at Geojit Financial Services.

In accordance with the draft offer letter, the company would buy back or repurchase up to 2,28,57,142 equity shares at a price of Rs 350 apiece. The buyback price is at a premium of 24% as against the company’s share price on the day prior to the announcement.

Mutual funds as an instrument offer small investors a lucrative opportunity to put money into professionally managed funds, and diversified portfolios of equities, bonds, and other securities, which otherwise would be quite difficult especially with a small amount of individual capital.Similarly, it's good to see the stock movement in equities and keep an eye on mutual funds' performance. This works as a trend indicator, showing the type of funds that are performing well. It is, however, not necessary that good-performing funds will always give good returns.In today's MF analysis, we will find the top-performing equity mutual funds of 2022 along with their top holding stocks (Data Source: ACE MF). Data shows that 4 out of 5 top MFs have SBI in their portfolios. Here’s an analysis of MFs’ portfolios.

The policymakers also downgraded their outlook for economic growth in 2023 from the 1.2 per cent they had forecast in September to a puny 0.5 per cent - as near to a recession forecast as they were likely to make. What's more, they raised their expectation for the unemployment rate next year to 4.6 per cent from 3.7 per cent now.

Sebi on Friday came out with guidelines for portfolio managers pertaining to performance benchmarking, asking them to adopt an additional layer of broadly defined investment "strategies" while managing the clients' funds.

Riding on weak global sentiments sparked by successive rate hikes and hawkish tone of global central banks, Indian indices continued to trade with cuts on the second straight day. Nifty settled at 18,269, dropping 0.8%, while Sensex ended at 61,337, shedding 461 points. All the indices ended in the red, Nifty PSU Bank index being the worst performer.Listed below are the stocks that attracted investors’ attention on Friday:

“The board of directors duly constituted a committee to be called “Bonus Allotment Committee” consisting of Mr. Nelson Fernandes, Managing Director and Mr. Ivor Desouza, Director of the Company, for the purpose of overseeing the conduct of the postal ballot process and other connected matters till the completion of the bonus issue process,” added the filing.

Chart readers said lower top formation on the daily scale and double top reversal formation on intraday charts, indicating further downside from the current levels.

In the Sensex pack, M&M, Asian Paints, Dr Reddy’s Lab and TCS were the top laggards, falling over 2%

Closing Bell: Sensex slumps for 2nd straight day, ends 461 points lower; Nifty below 18,300; Yes Bank drops 6%, UBI 5%

Differential spreads stable between private and PSU banks. Private banks have traditionally commanded a greater share of higher yielding assets v/s their PSU counterparts due to their dominance in unsecured loans.

U.S. stock indexes closed sharply lower, with each of the major averages suffering their biggest one-day percentage drop in weeks, as fears intensified that the Federal Reserve's aggressive rate hikes to battle inflation could lead to a recession.

Besides, some more domestic institutional investors like Mirae Asset Mutual Fund, ITI Mutual Fund, Fidelity Funds India, Kotak India Mid Cap Fund, PI Opportunities Fund, Bajaj Allianz Life Insurance Company, etc. have also bought fresh stakes in the FMCG firm.

Bank Nifty weekly option chain shows the highest PE writers active on 43000PE and then, 43500PE over 10 lakh OI shares each. CE maximum exposure lies on 44000CE with over 20 lakh OI shares, fresh additions of calls across 44000/44500CE and 46000CE levels show some stiffness in the index.

The company's members approved a bonus issue in the ratio of 1:1, i.e. one new bonus equity share for every one existing fully paid-up equity share, as well as the division of the company's one equity share of Rs 10 each into two equity shares of Rs 5 each.

Money managers do expect the banking pack to remain on the top of the betting list in 2023 as a recovery in the domestic economy will see the sector leading earnings growth for India Inc.

On Friday, telecom and retail stocks led the losses among the major sectors on the STOXX 600. Shares of economically sensitive banks, which have been pummelled in the past week, rose 0.1%.

The Nifty Media index has given a negative return this year, down about 4.5%, while the benchmark index, Nifty50, rose about 6 percent during the same period. In the last five calendar years, Nifty Media ended in red four times. The only year it ended positively was 2021, when it gained about 35 percent but also outperformed Nifty50, which also saw a surge of about 24 percent. In 2022, 6 out of 10 Nifty Media stocks have given negative returns to their investors (Data Source: ACE Equity). Take a look:

Ahead of the year 2023, many brokerages, both domestic and global firms have initiated coverage on a number of stocks. The majority of these counters either made their debuts on Dalal Street recently or have been in buzz on the back of news flows. Barring a few, the majority of brokerages are positive on these counters. Here's what brokerage firms said in their reports on the new counters:

An aggressive liquidity tightening by the US Fed saw the rupee crossing the 82 per dollar mark. The weakness is expected to continue, with the rising deficit and capital outflows. We saw a 33% growth in imports, while the exports showed a lacklustre 12% growth this year,” he added.

After tanking 879 points on Thursday, Sensex lost another 400 points on Friday morning and is set to end the week on a negative note. The impact, however, has been more stern in global markets with S&P 500 falling 2.5% overnight. Stock markets in both Japan and Taiwan were trading over 1% lower today.

Differential spreads stable between private and PSU banks. Private banks have traditionally commanded a greater share of higher yielding assets v/s their PSU counterparts due to their dominance in unsecured loans.

Some $321 billion worth of U.S. and European speculative-grade debt is due for refinancing over the next 12-14 months. Defaults may double in 2023, if interest rates and corporate borrowing costs rise further, S&P Global Ratings reckons.

The volatility in equities and other asset classes seen in 2022 was primarily driven by inflation which forced central banks, particularly the US Federal Reserve, to hike interest rates like never before. Even though inflation has cooled down from the multi-decade highs, the battle is far from over is the message sent out loud by global central banks, including the Reserve Bank of India.

The proposed corporate restructuring shall considerably help create strong independent business platforms within the larger DFPCL brand umbrella, hence enhancing stakeholders' value over time," said Sailesh C Mehta, Chairman and Managing Director, DFPCL.

After the NBFC crisis in 2018, different parts of the financial sector witnessed consolidation. Regulatory changes which happened post IL&FS and DHFL fiasco made life tough for marginal players. After a period of 4 years, while the clean up is still on. Some companies have emerged stronger. The companies in the list are covered by a minimum count of 2 analysts. The reason for having a minimum count of analysts for a particular sector is because higher coverage by analysts indicates higher institutional interest in individual stock. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The year 2017 was the best year for domestic equities after 2009, as India was among the three emerging markets which gained more than 35% in dollar terms. This sharp rally was on the back of a flood of money poured in by domestic investors that outstripped foreign fund flows.

The heavy volumes suggest that the bulk deal was majorly executed but ETmarkets.com independently could not verify the same. Furthermore, the details of buyers could not be ascertained.

In November, Nifty50 rose over 4% month-on-month and pushed benchmark indices towards new highs. Total AUM for the MF industry also increased 2.2% MoM to Rs 40.4 lakh crore in November 2022, led by a MoM increase in AUM for equity, other ETFs and liquid funds (Data Source: Motilal Oswal). As investors continue to park their money in mutual funds, here are the top 10 holdings where the top mutual funds are parking their money:

First it was FSN E-Commerce Ventures Pvt., the owner of beauty e-retailer Nykaa, which announced a bonus share issue to coincide with the expiry of an IPO lockup on key investors in November that risked extending the stock’s slump.

Hardly any analyst ETMarkets spoke to sees Nifty slipping below the 18,000 mark in the next one year. The most optimistic of bulls are expecting the index to even zoom past the 20,000 mark. Global brokerage BofA Securities has built a base case Nifty target of 19,500 while Morgan Stanley sees the Sensex at 68,500 in 2023.

The year 2022 was a phenomenal one for Gautam Adani group stocks as four out of seven listed companies have turned multibaggers in 2022. Adani stocks have given returns between 20-200%. The group's total market cap stood at about Rs 18,64,579 crore as on December 15, 2022, as compared to Rs 9,62,322 crore in 2021. Take a look at the Adani group stocks' performance in the year 2022. (Data Source: ACE Equity)

In the NSE list of stocks with a market cap of over Rs 1,000 crore, five stocks crossed their previous 5-year high value at the close on December 15, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

BofA Securities maintained a buy rating on HDFC Bank with a target price of Rs 1900. The private sector lender is well-positioned to deliver ahead of market expectations, said the global brokerage.

Hardly any analyst ETMarkets spoke to sees Nifty slipping below the 18,000 mark in the next one year. The most optimistic of bulls are expecting the index to even zoom past the 20,000 mark. Global brokerage BofA Securities has built a base case Nifty target of 19,500 while Morgan Stanley sees the Sensex at 68,500 in 2023.

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 Federal Bank and Gujarat Gas while Kunal Bothra has a buy/sell recommendation on Voltas and Piramal Enterprises for today's trading session. Check out the targets and stop-loss.

Sensex sheds 300 pts, Nifty nears 18,300; GMM Pfaudler tanks 10%, HCL Tech 2%; GAIL, Coal India , HDFC Asset Management, IOC are some of the active stocks in morning trade.

Bharat Forge stock price recently gave a breakout from a cup and handle pattern on the weekly scale and is sustaining above the same. It recorded a strong bullish candle last week which is a positive sign for the bulls

“Following a 50 bps rate hike and hawkish message from the Fed on 14th, the ECB and BoE also hiked rates on 15th by 50 bps each and delivered, perhaps, a more hawkish message than the Fed. This synchronised rate hiking cycle has impacted sentiments leading to sharp cuts of more than 3% in Nasdaq, CAC and DAX,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The S&P BSE Sensex fell more than 800 points while the Nifty50 closed below 18,500 levels on Thursday.