Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.

While growth concerns could intensify globally in 2023, India’s growth trends may remain resilient given the country’s macroeconomic stability and well-controlled inflation, said global brokerage firm Credit Suisse. Ahead of Q3 earnings, citing credit growth, equity inflows and solid corporate earnings momentum, the brokerage firm has a buy recommendation on eight midcap stocks.Here's a list of 8 stock ideas from Credit Suisse for the 2023 portfolio:

Sensex sheds 100 points, Nifty nears 17,800; RVNL jumps 3%, L&T Tech falls 4%; YES Bank, Rail Vikas Nigam, PNB, Future Consumer, IDFC First Bank are some of the top movers in morning trade.

Shares of HCL Technologies dropped sharply in December by more than 7%, after the company trimmed its revenue growth guidance for the current financial year, citing that higher-than-expected furloughs will affect growth in the second half of the year.

L&T Finance Holdings’ daily trend is sideways. Also, RSI for monthly and daily are indicating a sideways trend. Based on option chain analysis, the range is between 90 and 100. Let’s plan a trade around this.

After a short-term correction, the stock has formed a range-bound formation near the 200-Day SMA (Simple Moving Average). It has formed a promising reversal formation this week and is comfortably trading above 20-Day SMA.

Choice International: This stock held by Madhusudan Kela stock will also release its results today. The company is among the leading financial services conglomerate catering globally. In the September quarter, the company’s net sales were at Rs 74.07 crore, 21% higher on a year-on-year basis.

Nifty futures on the Singapore Exchange traded 66.5 points, or 0.37 per cent, higher at 17,984.50, signaling that Dalal Street was headed for a positive start on Friday. Here are some stocks which are expected to see some action in trade today.

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 Hindalco and L&T while Kunal Bothra has a buy/sell recommendation on SBI Life and GIC Housing Fin for today's trading session. Check out the targets and stoploss.

Thursday was the weekly options expiry day, which did not allow the Nifty50 to violate the level that saw an accumulation of the highest Put open interest. The headline index eventually ended up with a small loss.

Microsoft shares rose 1.2%, providing the biggest boost to the S&P 500 and Nasdaq, while energy shares also were higher along with oil prices. Energy rose 1.9% and was the day's best performer among sectors.

The Fed set the target policy rate between 4.25% and 4.5% at its December meeting. Data since then has shown inflation easing and the labor market slowing modestly from the torrid pace of job and wage growth through much of 2022.

Infosys on Thursday reported a 20.2% year-on-year (YoY) rise in consolidated revenue for the quarter ended December to Rs 38,318 crore, which topped analysts’ estimates. Consolidated net profit rose 13.4% on year to Rs 6,586 crore and was largely on expected lines. The software major surprised the Street by raising its constant currency revenue growth guidance for FY23 to 16-16.5% from 15-16% earlier. However, it retained its operating margin guidance at 21-22%.

Also, investments in corporate debt of NBFCs dropped by 25.8% over last year to ₹65,000 crore in November 2022. The percentage share of total corporate debt to NBFCs, too, declined to 4.1% in November 2022 from 5% in November 2021.

These private-equity and venture capital funds, registered with the Securities and Exchange Board of India (Sebi) as AIFs, failed to adhere to the fund tenures they had specified in their respective offer documents while garnering the corpus, the people cited above said. Many of the early funds, floated around 2013-14, were scheduled to wind up their operations by 2021-2022.

The central bank, which went into the allegations by directors who quit complaining that the management was not cooperating to put the house in order, is said to be concurring with the forensic audit conducted by the company, which found out violations, including evergreening of loans.

The stake sales comprise almost 80% of Rakesh and Rekha Jhunjhunwala's joint holding of over 1.9 million shares in the company as on June 30, 2021. The shareholding data as on September 30, 2021, did not reflect the stakes of the Jhunjhunwalas. Rakesh Jhunjhunwala passed away on August 14.

Fed officials are mulling a further moderation in the pace of rate hikes following a slowing in US inflation. Consumer prices rose 6.5% in the 12 months through December, marking the slowest inflation rate in more than a year, Labor Department data showed. Excluding food and energy, the so-called core CPI rose 0.3% last month and was up 5.7% from a year earlier, the slowest pace since December 2021.

Such a plan usually consists of 3-5 mutual fund schemes that can be bought in a single click and are designed to help meet a specific goal. Distributors have curated these readymade baskets, which cater to needs like earning more than a savings bank account, building a retirement portfolio and better tax efficiency, among other requirements.

Short-term traders can look to ‘buy’ the stock for a target of Rs 2,200-2,250 in 1 month, suggested experts. A close above Rs 2,210 could take the stock towards Rs2,200-2,250 levels

According to block deal data on the NSE, Alibaba.com sold 19.2 million shares at ₹536.95 apiece. While Morgan Stanley Asia bought 5.5 million shares, Ghisallo Master Fund acquired 4.98 million shares. The rest of the buyers were not known.

Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises

Wipro’s peers Tata Consultancy Services and Infosys reported strong numbers for the third quarter, with the latter also raising its revenue growth guidance for the current financial year.It will be interesting to see how Wipro expects the March quarter to pan out. The software major usually gives quarterly guidance.

At 10:23 a.m. ET, the Dow Jones Industrial Average was up 102.09 points, or 0.30%, at 34,075.10, the S&P 500 was up 5.86 points, or 0.15%, at 3,975.47, and the Nasdaq Composite was up 13.98 points, or 0.13%, at 10,945.65.

“Nifty remained volatile throughout the session with mostly a bearish bias as it closed below the crucial short-term moving average (50 EMA). The daily RSI is in bearish crossover on the daily timeframe, suggesting sluggish momentum," says Rupak De, Senior Technical Analyst at LKP Securities

The group, through its entity Alibaba.com Singapore E-Commerce, sold 1,92,00,000 shares of the company at Rs 536.95 a share, bulk deals data showed

Dynasty Acquisition (FPI), a company linked to Apax Partners, is expected to sell up to 173 lakh shares, representing 4.63% stake in the company

"L&T stock price has been in a rising trend with an ascending channel pattern visible on the daily chart that suggests a strong uptrend rally," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

CDS is a specific kind of counter-party agreement which allows the transfer of third party credit risk from one party to another.Under the new norm, Category-I and Category-II AIFs can buy CDS on underlying investment in debt securities only for the purpose of hedging, while Category-III AIFs can purchase CDS for hedging or otherwise, within permissible leverage, the Securities and Exchange Board of India (Sebi) said in a circular.

The regulator has also specified the procedure for launching a passive ELSS scheme by a mutual fund house, which already has an actively-managed ELSS scheme.Under the procedure, Sebi said that the fund house will have to stop all fresh inflows or subscriptions, including systematic investment plans (SIPs) and systematic transfer plans (STPs), to the actively managed ELSS scheme

Cost-conscious retail investors shift focus to ETFs

Indian indices tumbled for the third session in a row on Thursday, with investors on edge ahead of earnings from IT companies and key domestic and US inflation data for cues on the likely path for rate hikes. At the close, Nifty ended 38 points lower at 17,858, and the broader markets also ended in the red. “In the past few weeks, Nifty slipped below 17,800 multiple times, however, it managed to defend 17,800 on a closing basis. Further consolidation is expected as long as levels of 17,800 are decisively held. Bank Nifty remained choppy, but remained above previous session’s low; important support for the BankNifty is seen near 41,500. About half of Nifty components settled in the positive territory, due to earning season stocks’ specific action is expected to continue,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities.

"Last year, the markets were impacted by the severe bearish sentiment that came from the US and the rest of the world," Jayasankar said, adding that while the volatilities will continue this year, the same will be more "manageable", making the IPO window available through the year.

The Dow Jones Industrial Average rose 74.85 points, or 0.22%, at the open to 34,047.86, and the S&P 500 opened higher by 7.96 points, or 0.20%, at 3,977.57

Wipro’s peers Tata Consultancy Services and Infosys reported strong numbers for the third quarter, with the latter also raising its revenue growth guidance for the current financial year.It will be interesting to see how Wipro expects the March quarter to pan out. The software major usually gives quarterly guidance.

Harker will be a voting member of the rate-setting Federal Open Market Committee this year. In 2022, the Fed raised rates at a historically aggressive pace and lifted its target rate from near zero levels in the spring to between 4.25% and 4.5% at the December meeting.

The move came after the stock exchanges expressed their concerns before Sebi that due to the requirement of a single contract on a particular commodity, except for gold, silver and precious metals, the participation of investors, especially in metal contracts, is limited.

The present proceedings emanate from a show cause notice issued in May 2021 to the entities wherein it was prima facie found that they had executed contra-trades in the scrip of VSL during January to March 2018 period. This was in violation of the Code of Conduct of PIT (Prohibition of Insider Trading) rules.

The benchmark index Sensex has fallen for the third consecutive session — down about 147 points to 59,958 on Thursday. Despite this fall, 10 stocks from the BSE smallcap index managed to record 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 hourly momentum indicator triggered a positive crossover and is also showing divergence indicating that the momentum on the downside is weakening and the index is likely to start a fresh leg of up move in the next few trading sessions.

The case relates to issuance of OFCDs by Sahara India Real Estate Corporation and Sahara Housing Investment Corporation during 2008-2009. They raised money through public issue of securities by issuing OFCDs without following the various procedures intended to protect the interest of the investors, in respect of public issues, prescribed under the norms, as per Sebi.

Indian indices ended in the red for the third straight session on Thursday ahead of the US inflation data. At the close, Nifty ended with a cut of 38 points at 0.21%, while Sensex also inched lower by 147 points to close at 59,958. SBI Life Insurance, UltraTech Cement, L&T, HCL Technologies and Cipla were the top Nifty gainers.Here are the stocks that came into focus on Thursday:

​​ The previous cancellation peak of 12.5 lakh was in January 2022. The average monthly discontinuation was 10.82 lakh in the past 12 months. The 12-month rolling return of the Sensex fell to a measly 0.5% in December compared with 2% a year before.

BSE data showed that a large block deal took place in the second half of the day leading to a spurt in volume by over 19.25 times

The BSE Sensex index ended 147 points or 0.25% lower at 59,958, while Nifty50 fell 37 points or 0.21% to settle at 17,858.

For seven straight quarters, FIIs have trimmed their holdings in HCL Technologies. From 24.92% in the quarter ended December of 2020, FIIs’ holding in the company came down to 17.2% in the quarter ended September of 2022.

"The outlook improved with 18%, 15%, and 5% falls in steel, bitumen, and diesel prices, raising the prospect of faster execution with visible margins in 2023. Business visibility (BTB 3x), order pick-up, and margin visibility are rerating catalysts. We adjust earnings and raise our target prices for our E&C coverage," it added.

Domestic benchmark indices recouped some of the losses made during intraday trade but closed in the red ahead as investors turned cautious ahead of domestic and US inflation data. Sensex reverses some losses to finally settle 147 points lower below the 60,000-mark. Likewise, the NSE Nifty also closed in red around 17,850 levels.

In today's MF Analysis, we will highlight smallcap funds' best-performing stocks so far in FY23. To narrow down the list, we have considered stocks that are held by at least 5 smallcap mutual fund schemes and those whose prices gained over 50% so far in FY23 (Data Source: ACE MF).Smallcap funds invest at least 65% of the corpus in smaller companies. Sebi has defined small companies as those ranked above 250 in terms of market capitalisation.

BSE data showed that a large block deal took place in the second half of the day leading to a spurt in volume by over 19.25 times