"We expect a relatively short recession in the US in 2Q23 and 3Q23 but the recovery is unlikely to be rapid with GDP growth still subdued at 1.6% in 2024. We forecast that the Eurozone QoQ GDP growth will be negative in 1Q23 before turning positive in the second quarter," Fitch said.

The consensus recommendation from 15 analysts for the bank is a buy. Out of the 17 analysts covering the stock, 13 have strong buy and buy ratings, while only one has a sell rating and the remaining three have hold ratings.

Banking stocks rallied following a Yomiuri newspaper report that central bank officials would review the side effects of massive stimulus at their policy meeting next week, fanning speculation for a near-term policy shift. The Tokyo Stock Exchange's banking subindex rallied 4.26%.

"The New India will drive a fifth of global growth through the end of this decade, led by offshoring, investment in manufacturing, the energy transition, and digital differentiation," Morgan Stanley's India equity strategist Ridham Desai said.

More electric vehicles are likely to be launched in the next twelve months than what had been launched since the time word EV was first heard on Dalal street. Given the fact that one model has the ability to change fortunes of an auto company, interest around what kind of EV models are getting launched, their sales numbers in the next couple of months would be an important factor impacting auto stocks in the next couple of quarters. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from the metal sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

In the covid era, the government has distributed free food grains to ~ 80 cr poor people. As we come out of covid, the government is expected to bring down food subsidies from Rs 2.7 trillion in the current year to Rs 2.3 trillion next year.

The company provides an online technology platform to clients through internet terminals and mobile applications for trading in securities in NSE and BSE, and depository-related services as part of its integrated services offering.

From an auto maker which has seen a consistent uptick in its commercial vehicle sales numbers, MNC auto ancillary company to an electrical goods company where commodity prices headwinds have slowed. All the events are showing impact on their overall score, it has improved in markets which surely are in a not bullish mood. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

Jefferies said Mundra's market share gain success story should be replicated across the acquired ports. "Adani Ports is continuing to move from strength to strength, with market share moving up to 22% from 14% in FY15 and expected to be 31% by FY25E. As core port EBITDA growth remains upward of double digits, backed by volumes, we remain positive on the stock.

To simplify, we recommend that the tenure be reduced from 3 years to 2 years to classify Debt as long term. This would reduce the complexity of long-term instrument classification and encourage more retail participation in debt instruments.

Infosys Ltd is likely to report strong double-digit year-on-year (YoY) growth in both the topline and bottomline due to strong deal pipeline and execution. Consolidated revenue is seen rising nearly 19% on year, and 4% sequentially to Rs 37,890 crore, according to the average of estimates given by 10 brokerages. The net profit is seen rising 11% on year and 7.2% sequentially to Rs 6,455.40 crore.

CLSA maintained its buy call on IRB Infrastructure and L&T. The global investment bank is of the view that the government CAPEX is likely to pick up ahead of elections.

India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume. On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17700 and then towards 17900 strikes.

Despite a stellar response to the initial public offering (IPO), the stock couldn’t command a significant premium in the unofficial or grey market, due to the prevailing weak market sentiment. A day ahead of the listing, the stock was trading at a premium of Rs 10 to its issue price in the grey market.

In the Sensex pack, Titan was the top performer, up over 1%. Infosys and HCL Tech also gained marginally ahead of their quarterly earnings today. Power Grid, Tata Motors, NTPC, ITC, SBI and Maruti were among other index gainers in early trade.

Sensex flat, Nifty above 17,900; DB Realty gains 5%, Bajaj Hindusthan Sugar 2%; YES Bank, Vodafone Idea, Tata Steel, Coal India are some of the top movers in opening trade.

Analysts also point that being a forward-looking animal, the market would have already factored in global recession worries as investors were aware of this high probability event since the past few months.

Ahead of Q3 earnings a host of brokerages have upgraded the target price on a number of counters. These stocks belong to various sectors such as banking, steel, auto component & equipment, leisure & hospitality and more.Here's a list of 10 stocks that earned upgrades in the last one month. However, TCS has already announced its results this week.

Noida-based IT major will declare its quarterly results today. Alongside, the company will also be announcing its fourth interim dividend. The company since the year 2000 has in total declared 83 dividends. And in the current FY, it has so far declared Rs 38 per share dividend. The consensus recommendation from 42 analysts for the stock is buy.

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 M&M while Kunal Bothra has a buy/sell recommendation on Tata Motors and Trent for today's trading session. Check out the targets and stoploss.

The markets on Wednesday moved within a defined range, with the Nifty50 holding on to the 100-day moving average as support. Good-quality stocks under correction have continued to show signs of rising.

Nifty futures on the Singapore Exchange traded 60 points, or 0.33 per cent, higher at 18,010, signaling that Dalal Street was headed for a positive start on Thursday. Here are some stocks which are expected to see some action in trade today.

Since December 22, the stock is showing a continuous downtrend, the price has trimmed more than 10% in this period. So, after the result, some recovery is expected in this IT giant. Technically there is a major support level of Rs 1350, and any unexpected outcome from the results can retest the price to its support level.

China on Thursday reported consumer price falls in December and a larger-than-expected drop in factory gate prices - underscoring the weakness in demand that investors are betting will recover over the coming months.

In a meme stocks frenzy nearly two years ago, retail punters bid up Bed Bath & Beyond's shares by banding together on online forums, costing bearish hedge funds billions of dollars.

Among sectors, real estate and consumer discretionary were the day's strongest performers, while Microsoft, Amazon.com and other mega-cap growth names gave the S&P 500 its biggest boost.

The microfinance book which the company started last September forms 3 per cent of the loan book and the recently launched personal loans is about 0.2 per cent, the company's Managing Director Jairam Sridharan told PTI on Wednesday.

The central bank also said that no request for cancellation of bids will be entertained after the close of the auction window.

The full divestment value is about ₹450-₹475 crore, according to Centrum Capital, which advised on the deals. Centrum Capital is the investment banking arm of the Centrum Group. Axis Asset Management Company, which runs the AIF, did not respond to ET's query. IIFL Asset Management Company did not want to comment. The deal marks renewed investor interest in the insurance space, which was badly hit by the pandemic.

"The market thinks the Fed is playing without a playbook, since their forecasts have been wrong before and they've downplayed them in the past,"' said Marc Chandler, chief market strategist at Bannockburn Global, who's been working in financial markets since 1986. Investors judge that the US is "headed for a recession, and that the Fed doesn't quite yet get it."

SBI's offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process against Visa after the Cuttack bench of the National Company Law Tribunal (NCLT) had admitted the borrower for commencement of bankruptcy proceedings, acting on a plea by Punjab National Bank (PNB) late November.

The IPEF authority, which falls under the Ministry of Corporate Affairs (MCA), plans to introduce a green channel through which investors will be able to instantly verify their know your customer (KYC) documents on the IPEF portal. This can be done by virtual verification of documents, such as the Aadhaar card or the passport.

In a letter addressed to the Association of Mutual Funds in India (Amfi), the capital markets regulator said, "Based on feedback received from stakeholders, it has now been decided that mutual funds that have an existing actively managed open-ended ELSS scheme may launch passively managed open-ended ELSS scheme after stopping fresh inflows/subscriptions to existing open-ended ELSS scheme."

"We have been receiving requirements from ecosystem with regard to NRI accounts and other permissible accounts having international numbers to be allowed to transact in UPI," said the NPCI circular addressed to all members participating in UPI. "Member banks have to ensure that accounts are only allowed as per the FEMA regulations."

An analysis by brokerage house Motilal Oswal said private banks could report profit growth of 28% while the loans could rise upward of 18%. State-run banks, courtesy the lower base, will show optically higher profit growth at 44%.

Short-term traders can look to buy the stock now or on marginal dips for a target above Rs 100 in next 3-4 weeks, suggested experts

A REIT is a company that owns, operates, or finances income-generating real estate assets. Typically, several large investors pool in to buy units of these companies and earn a 'distribution yield' based on the income generated on the underlying assets.

The brokerage said one round of tariff hikes has already been factored in and there is a risk of further increases being postponed until after the general elections in 2024. "Competition may increase with Jio getting aggressive in the postpaid market and potential entry of Adani in 5G/B2C apps," said Salgaonkar.

At 10:05 a.m. ET, the Dow Jones Industrial Average was up 100.21 points, or 0.30%, at 33,804.31, the S&P 500 was up 19.72 points, or 0.50%, at 3,938.97, and the Nasdaq Composite was up 69.58 points, or 0.65%, at 10,812.21.

The central bank also said that no request for cancellation of bids will be entertained after the close of the auction window.

“L&T Finance Holdings had given a breakout from a falling trendline resistance on the weekly charts in the month of November 2022. Post an upmove, the stock witnessed a pullback move in December as the broader markets witnessed some correction,” Ruchit Jain, Lead Research, 5paisa.com, said.

HUL has completed the acquisition of 51 per cent shareholding of Zywie for a total consideration of Rs 264.28 crore for the first tranche, in accordance with the terms and conditions of the definitive agreements dated 8th December 2022," according to a regulatory filing.

With no clear direction, indices ended flat in Wednesday’s trade with a negative bias. Nifty settled with a minor cut at 17,896. Hindalco, Sun Pharma and BPCL led the list of Nifty gainers.“The daily RSI is in bearish crossover on the daily timeframe, suggesting sluggish momentum. Over the short term, the trend is likely to remain sideways or negative. On the higher end, resistance is visible at 18,000/18,250. On the lower end, support is visible at 17,800,” Rupak De, Senior Technical Analyst at LKP Securities, said.Here are stock recommendations for Thursday:

The microfinance book which the company started last September forms 3 per cent of the loan book and the recently launched personal loans is about 0.2 per cent, the company's Managing Director Jairam Sridharan told PTI on Wednesday.

The Dow Jones Industrial Average rose 49.93 points, or 0.15%, at the open to 33,754.03

Individually, the regulator has slapped a fine of Rs 5 crore each on BRH Wealth Kreators and BRH Commodities and Rs 1 crore on Anubhav Bhatter, who was the director of the two companies and also held significant beneficial interest in these firms. These three entities have been prohibited from the securities markets for seven years.

​The stock’s 52-week low and high prices are Rs 67 and Rs 112, respectively. Currently, the share is trading 49% higher than its 52-week low price.In the quarter ended September, FIIs also raised stake in the stock to 7.55% from the earlier 5.76% in the June quarter

Benchmark index Sensex closed flat while tipping a little over the negative terrain. It ended down by about 10 points to 60,105 on Wednesday. During this choppy trade, six stocks from the BSE 200 index slipped to touch 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

Indian shares finished a choppy session lower on Wednesday, as traders awaited domestic and US inflation data later this week for cues on central banks' interest rate-hike plans. The Nifty 50 index was down 0.1% at 17,895.70 at close, while the S&P BSE Sensex declined 0.02% to 60,105.50. Here are the stocks that were in focus today:

Nifty has repeatedly been testing the support of 17,800 levels by forming lower highs. The market action of the last 2-3 weeks also signals the formation of a triangle type pattern and Nifty is now placed at the lower end of a triangle, said Nagaraj Shetti of HDFC Securities.