The markets declined on Thursday, bringing Nifty below the crucial 18,600 mark. Unless the mark is breached again, the markets are likely to remain in a corrective mode.

Titan Company’s daily trend is bearish, and in the last trading session, it closed -2.6% with an extended range candle. Based on option chain analysis, the range is between 2500 and 2600. Using the PCR ratio, it is at 0.5. Let’s plan a trade around that.

Besides, a number of board meetings are scheduled for today. Advani Hotels will meet to decide on an interim dividend. Also, Shree Securities will meet to consider stock split, while Murudeshwar Ceramics’ board will meet to mull issue of warrants.

The government received bids for 5,55,10,454 shares in the OFS from institutional investors against the offer size of 1,80,00,000 for the category, according to the data on the BSE website. This gave the government an opportunity to use the greenshoe option of 1,80,00,000 additional shares.

Technically, after a breakout above Rs 155, positive momentum intensified. The promising price-volume breakout formation indicates a continuation of the uptrend in the near term. We are of the view that the uptrend texture is likely to continue and 195-205 would be the next resistance zone for the bulls.

Equities have rallied since hitting lows for the year in mid-October, as signs of cooling inflation sparked optimism that the end of the Fed's rate hike path could be on the horizon. But the rally has fizzled in December as investors see mixed economic data and a resolute Fed as having increased the chances of a recession.

Nifty futures on the Singapore Exchange traded 64 points, or 0.35 per cent, lower at 18,395.50, signaling that Dalal Street was headed for a negative start on Friday. Here are some stocks which may buzz the most in today's trade.

Reliance Industries's arm Reliance Retail on announced the launch of its consumer packaged goods brand 'Independence' in Gujarat, with plans for national rollout as part of its ambition in the FMCG segment.

The sale is the second big chunk of stock he has cashed out since his $44 billion purchase of Twitter in October. It isn't clear if the sales are related to the Twitter acquisition, but they are annoying investors who are upset by a perception he is diverting his focus and resources to Twitter ahead of Tesla.

Foreign portfolio investors (FPIs) on Thursday net sold shares worth Rs 711 crore, provisional data showed. DIIs net bought shares to the tune of Rs 261 crore.

According to government data, 12,871 bankruptcy resolution cases were pending on October 31, down from 13,211 as on December 31, 2021. The average number of days taken to resolve a case rose from 230 days in FY18 to 679 days in the first half of FY23.

The government has announced selling up to 5% stake in the IRCTC through an offer for sale (OFS). Up to 40 million shares in the company are being offered at a floor price of 680 per share, a 7% discount to Wednesday’s closing price of 734.90. IRCTC shares dropped 6.2% to end at 689.20 on Thursday

"The NCLT has posted the PVR-Inox merger application for final disposal on January 12, 2023. All the regulatory authorities have filed their reports to the NCLT," a source close to the development said.

Over the past few weeks, lenders such as HDFC Bank, ICICI Bank and State Bank of India (SBI) have raised their deposit rates by up to a percentage point to garner more deposits so that they can lend to borrowers across segments — institutional, retail or small-business owners.

"Inflation has peaked, but could remain sticky. This would likely keep Fed hawkish prioritising inflation flight over growth slowdown," said Nomura's strategists Saion Mukherjee and Neelotpal Sahu in a note to clients. "The tightening monetary policy could drive major economies into recession and India's growth will likely be adversely impacted from the global spillover."

Long-term investors can buy the stock now or on dips for a target of Rs 825, which is backed by both fundamental and technical factors, suggested experts.

The brokerage house expects HUL's earnings per share to rise 13% and values the stock at 60 times its September 2024 earnings, slightly higher than its five-year average to arrive at its base-case target price.

Market participants said Powell's remarks that the American central bank would increase interest rates further next year even if the economy slips into a possible recession dented sentiment.

On Tuesday, the Securities & Exchange Board of India (Sebi) asked these funds to share the number of extensions that have been taken for the various schemes, the tenure of the schemes as stated in the private placement memorandum, and the 'end date' which is the deadline for exiting all investments.

An offer by ACRE to the country's largest life insurer had triggered a Swiss challenge auction, ET reported on November 14. ACRE, an ARC backed by Ares SSG Capital, had offered about 22% recovery on LIC's admitted claims.

At 11:52 a.m. ET, the Dow Jones Industrial Average was down 816.88 points, or 2.40%, at 33,149.47, the S&P 500 was down 104.30 points, or 2.61%, at 3,891.02, and the Nasdaq Composite was down 338.56 points, or 3.03%, at 10,832.33

Nithin Kamath in his blog stated that certain factors have helped their growth. "One is the phenomenal bull market in India. Developments such as eKYC, online digital signatures, and UPI turned the largely offline industry into a truly online, paperless one, enabling mass participation. And for us specifically, adoption via word-of-mouth from our customers," he said.

At 9:38 a.m. ET, the Dow Jones Industrial Average was down 441.84 points, or 1.30%, at 33,524.51

"Given the expected terminal rate in our projections, this is not enough. We need to take this fight and continue the battle against inflation at a steady pace. Based on the information today, that predicates another 50 basis points at our next meeting, and possibly at the one after that - and possibly thereafter.

​​The 7% discount offered in the OFS drove the strong demand for the stock.

The Sensex plummeted 879 points to finish at 61,799.03 while the Nifty crashed below the 18,415 mark on Thursday, in tandem with a global sell-off after the US Federal Reserve increased the interest rate and signalled more hikes in its fight against inflation.“The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. IT stocks led to pessimism in the domestic market as recession fears grew in the global economies following the Fed’s comments. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike,” said Vinod Nair, Head of Research at Geojit Financial.Here are 6 stock recommendations for Friday:

The earnings come at a time when the industry is seeing massive layoffs that have surpassed the levels from the Great Recession the world went through 2008-2009

The Dow Jones Industrial Average fell 193.35 points, or 0.57%, at the open to 33,773.00

Benchmark index Sensex fell about 878 points to end at 61,799 on Thursday. Despite this free fall in the markets, four stocks from the BSE FMCG 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.

"The Governing Council decided to raise interest rates today, and expects to raise them significantly further, because inflation remains far too high and is projected to stay above the target for too long," the ECB said of the bank's 2% goal.

The funds raised in Series C round will be used to scale up the Online-to-Offline (O2O) business model, network expansion, investment in technology to enhance services and spares platform for two and four-wheeler customers, it added.

Latest NAV: Rs 96.14 | 3-Year Return: 36.50Fund Size: Rs 2,3765.05 crore | Expense Ratio: 1.83%(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

"The labour market remains tight and there has been evidence of inflationary pressures in domestic prices and wages that could indicate greater persistence and thus justifies a further forceful monetary policy response," the BoE said.

“This is to inform that a meeting of the Board of Directors of Hinduja Global Solutions Limited will be held on Monday, December 19, 2022, inter-alia, to consider a proposal for buy-back of equity shares of face value of Rs 10 each of the company, including matters related / incidental thereto,” said the company’s filing with the exchange.

Fear gauge index India VIX was up by 6.62% from 12.88 to 13.73 levels. Volatility spiked from lows as market reacted sharply on the negative side after a long time but overall it has been hovering at lower levels from the last two months.

The total number of shares to be bought back in the repurchase will be up to 17,14,285 units, representing 3.38 % of the total shares in the paid up equity share capital of the company

The brokerage firm's head of research Neelkanth Mishra said the country will grow at 7 per cent in FY24, as against the consensus estimates which peg the real growth to slip below 6 per cent.

These services include account opening with e-KYC, AEPS mini statements, passbook printing, savings bank deposits, fixed deposits, recurring deposits, remittances, micro pensions, and micro insurance. The company said the 'sustained' recovery of BLS’s visa and consular business and the winning of new tenders were 'major' contributors to the 87 per cent year-over-year growth in the operating revenue in Q2, 2022.

The benchmark BSE Sensex fell 879 points to 61,799, while the broader NSE index lost 265 points to settle at 18,415, dragged by a broad-based decline across sectors, after the US Federal Reserve signalled that the interest rate hikes might continue for longer than expected.Here are the stocks that hogged limelight in Thursday’s trade:

The energy transition is real, irreversible and gaining momentum. Amidst this, the demand for power in India is on a sustained growth path with the generation mix balancing between sustainability and security, said JM Financial.

“The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike,” said Vinod Nair, Head of Research at Geojit Financial Services.

Sensex tanks 879 points; Nifty below 18,500; TechM drops 4%, Titan 3%.

With the US Fed indicating that it will prefer to stick with hawkish stance rather than dovish stance. Global markets have corrected, in this correction it is large cap stocks which have high probability of performing better on a relative basis. These stocks from different sectors are identified on the basis of data from the latest Stock Reports Plus report. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

"I think that the Fed Governor is not that far away from that reality which is that at the end of 2023, we probably will see substantial economic slowdown, a discernible pick up in our employment rate which would pave the way for interest rate cuts in 2024," says Taimur Baig, DBS Bank.

The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This period saw rising valuations as the Indian equity market rose by over 5% with Nifty and Sensex at record highs.

"We continue to remain overweight on banks and NBFCs and cement despite the negative impact of USD/INR, primarily due to the expected turnaround in construction," Credit Suisse in its India market strategy report for 2023.

On the daily charts, Dabur formed a Pole and Flag pattern which is also a bullish continuation pattern. Most of the technical indicators suggest that the momentum is likely to continue on the higher side.

The research firm further stated that "we had been concerned about their post moratorium capital structure, ability to improve their liability franchise and retaining their existing employees, given that the organization needs time to recover."

In a regulatory filing, Dilip Buildcon said that the order is for the construction of 10.559 km elevated viaduct and 11 stations from Bheshan dead end to Majura gate station, including the viaduct ramp to depot entry near Bheshan for Surat Metro Rail Project Phase - 1, Corridor-2.

In the latest round of rejig of the 30-share pack, Tata Group's automobile arm Tata Motors will replace the drug major Dr Reddy's Laboratories, said an report from Nuvama Alternative and Quantitative Research.