The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

“The index is trading near the key hourly moving averages as well as near a rising trendline on the hourly chart. 18600 is a key support from where the index can start moving up again. Overall, the short term outlook continues to be positive for a target of 19,000,” Gaurav Ratnaparkhi, Head of Technical Research at Sharekhan by BNP Paribas said.

The markets are set to see a stable start to the week. From the technical perspective, the behavior of Nifty vis-à-vis the levels of 18604 would be extremely crucial to watch. This is the point from where the index tried staging a breakout; it would be crucially important for the index to stay above this point to keep the breakout valid and in force.

Bulls continued their quest for gains, hitting fresh record highs, boosted by falling crude, robust GDP numbers, and a dovish stance by the Fed chair, said Vinod Nair, Head of Research at Geojit Financial services.Investors' concerns were allayed as the Fed chair adopted a dovish stance, he added. "Declining manufacturing activity in the US is proof that the central bank’s policy tightening has started to show results."

Going forward, flow trajectory is expected to remain positive in December. However, some shift could be seen from expensive stocks to value stocks, Anita Gandhi, Whole Time Director and Head - Institutional Business at Arihant Capital, said.

​​As happened in the past, whenever US markets outperformed by a significant margin, it always came at the expense of emerging markets. Last decade was no exception. In the same breath, the reverse has also been true. That is, whenever US markets struggled with sub-par returns, those decades belonged to emerging markets.

We do not believe that the Indian equity market is overvalued; on the other hand, we believe it is justified. Only in India have listed companies' net profits more than doubled since pre-covid levels. Despite the Russia-Ukraine crisis, higher interest rates, and inflation, India Inc.'s profitability has increased by 10% in the first half of 2023 versus the first half of 2022.

Global stocks were cautious on Friday, after recent sharp gains as traders awaited the monthly US jobs report that came in rosier than expected bringing back fears of the US Fed remaining hawkish for longer. In the last week, S&P BSE Sensex rose 575 points or 0.92% to settle at 62,868, while Nifty50 closed at 18,696, up 183 points or 1%. “Nifty as per the weekly chart, formed a long positive candle with an upper shadow. The near-term uptrend status remains intact for Nifty as per smaller and larger time frame charts and there is a possibility of an upside bounce from the lows in the next 1-2 sessions. Immediate support is placed at 18550-18450 levels,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities said. Here are 6 stock recommendations for Monday:

Led by Serum Institute of India, some of India's most valuable companies have chosen to remain bootstrapped or grown without taking external funding. Bootstrapped companies are dominated by traditional, non-tech industries such as pharmaceuticals and FMCG. Here is a list of India's top 10 bootstrapped companies in the 2022 according to Burgundy Private Hurun India 500:

On the global front, the US bond yields and the dollar index have fallen sharply, and markets will continue to watch their move from here, Meena added.

In the last two years, different segments of the chemical sector have seen re-rating. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Bulls continued their quest for gains, hitting fresh record highs, boosted by falling crude, robust GDP numbers, and a dovish stance by the Fed chair, said Vinod Nair, Head of Research at Geojit Financial services.Investors' concerns were allayed as the Fed chair adopted a dovish stance, he added. "Declining manufacturing activity in the US is proof that the central bank’s policy tightening has started to show results."

A high return on equity is a result of two factors. First, the basic nature of the business. Second, how efficiently the management is able to use that to its advantage. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

"Investment is flowing into India's Growth Story. We see investments being redirected as FPIs reposition their dollars amidst uncertainties in China," Jatia told PTI on the sidelines of FIA Asia 2022.

Market has definitely gone in an overbought zone, but still an inherent strength has been witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Godrej Properties, which is part of business conglomerate Godrej Group, is one of the leading real estate companies in the country. The company has been aggressively buying land outrightly and also entering into joint development agreements (JDAs) with landowners to create future development pipelines.

Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

Market has definitely gone in an overbought zone, but still there is inherent strength witnessed on the daily chart. There is an Inverted Head and Shoulder pattern, which has a projected target of around 19,900-20,000 levels and after a short consolidation or correction can further regain strength.

Domestic brokerage firm Axis Securities has released its December reports, where it is positive on half a dozen largecap counters that can rally up to 30% in the coming months. It believes that the current market is a 'buy on dips’ play.It has recommended investors to maintain good liquidity to use such dips in a phased manner and build a position in quality companies with an investment horizon of 12-18 months. Here are top largecap picks of the brokerage firm:

Shriram Capital Limited (SCL), the holding company of the Shriram Group, and Shriram City Union Finance are being merged with Shriram Transport Finance, and the company will now be named as Shriram Finance

An arguably better approach for retail users affected would be for them to go back to the first principles of blockchain technology – to have custody of their own assets and have a trustless mechanism to verify assets, transactions and interactions on chain

Consolidation is the driving feature of India’s property, said Nuvama Institutional Equities. "We believe buoyancy in sales would sustain driven by pick-up in launches, aided by cash flow improvement, diversification and market share gains."

Decarbonisation, sustainability, manufacturing and consumption are the themes that have emerged in India in the last two years

Empirical data shows that December is the month which delivers the highest returns when compared to the other months of the year

There is a strong global appetite to invest in infrastructure, particularly renewable energy. Macquarie anticipates $2 trillion in global inflows over the next five years, given the thrust of several countries to drive significant climate policy initiatives.

We have a long way to go to get inflation down” to the Fed’s target, Summers told Bloomberg Television’s “Wall Street Week” with David Westin. As for Fed policymakers, “I suspect they’re going to need more increases in interest rates than the market is now judging or than they’re now saying

The BSE Realty index clocked over 4% gains, being the top sectoral index gainer for the week.

SBI, the country’s largest lender, received overwhelming response from investors with bids of Rs 16,366 crore, prompting an early closure of the issue. It was scheduled to close next week.

After witnessing a phase of under-performance, select pharma stocks had been making a comeback. The list includes MNC pharma companies which have restructured their operations in the last four years. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The initiative by ICICI Bank offers builders instant generation of account numbers for registration with the Real Estate Regulatory Authority (RERA), better statutory payments efficiently and also enables them to manage payment obligations to vendors, employees and utility providers.

“I was also spiritually initiated from a very early age. I chant the Gayatri Mantra in the mornings and evenings and perform some spiritual practices every day which fortify me mentally.”

The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Since there is no new story all the time, someone selects to sell. The day there is no greater fool to sell to, the stock declines. Then the short-termers sell a little ('Just for a little liquidity'). Then the 'long-termers' entertain second thoughts. Then the media calls it a 'crash'. Then it becomes front page news. That is when people realise there is more money to be made on the incline than on the perpendicular.

"If anything, I am actually encouraged by how the market is clawing its way back from the level we were at today. It is another indication the market is looking for at least a seasonal December rally," said Sam Stovall, chief investment strategist at CFRA in New York.

Nearly three-quarters of tree growers said their wholesale prices would probably be 5% to 15% higher than last year

On the 500 index, about 400 shares settled in green, whereas more than 100 stocks ended in red. About two dozen counters rose in double digits but none of the stocks dropped more than 7% for the week.

Paytm has led the rout in shares of India's new-age businesses last month as investors, predominantly institutional, are dumping their holdings, raising concerns how much more would these stocks fall.

“Retail investors may shift from large banks to undervalued IT stocks from a three to five-year perspective. This strategy will most likely create an alpha on their current investment portfolio.”

“I have been blessed to get my spiritual initiation and Gayatri Mantra from one of the greatest saints of the 20th century where we were required to perform the “Tri Sandhya Vandana” and follow some spiritual practices daily,” Ajit Banerjee, Chief Investment Officer, Shriram Life Insurance, said.

Benchmark indices have risen 11-12% since early October as foreign funds resumed buying activity, making Indian markets among the best performing in the world.

The Dow Jones Industrial Average fell 256.27 points, or 0.75%, to 34,138.74, the S&P 500 lost 39.05 points, or 0.96%, to 4,037.52

SBI, the country’s largest lender, received overwhelming response from investors with bids of Rs 16,366 crore, prompting an early closure of the issue. It was scheduled to close next week.

The benchmark index Sensex snapped its 8-session rally to end 416 points lower at 62,868 on Friday. Despite a fall in the market, seven stocks from the BSE PSU 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.

SVF India offloaded 2,28,42,424 shares, amounting to 5.08% stake in the company

Executives at the investment bank's global markets division were informed that the compensation pool would be slashed by a low double-digit percentage, the report said, citing people with knowledge of the discussions.Goldman Sachs did not immediately respond to a Reuters request for comment.

The Dow Jones Industrial Average fell 129.6 points, or 0.38%, at the open to 34265.45

"Labor supply looks like it will remain constrained...and the Fed's efforts to bring demand back into balance won't be easy," Barkin said in a speech to an event in Virginia, as he pointed to households still having about $1.3 trillion more in savings then they did pre-pandemic and fiscal stimulus in a recent infrastructure package passed by Congress

Since hitting an over two-year low of $524 billion in October, forex reserves have been rising as the dollar index fell off its peak. The RBI in the past has said changes in its reserves is a function of revaluation gains or losses, as well as market interventions.

The weekly charts saw the formation of a long positive candle with upper shadow. The chart pattern remained positive with higher tops and bottoms. Analysts said Thursday’s record high of 18,887 could now be considered a new higher top of the sequence, and present weakness is expected to find a higher bottom in the short term.