The People's Bank of China will step up financing support to spur domestic demand and support a stable real estate market, the central bank said in a statement after a meeting.

Technical patterns suggest that the momentum is likely to continue on the upside and short-term traders can buy the stock now for a target of Rs 270, suggested experts

The overall tone of the minutes is still likely to show inflation has top billing among policymakers. It has been slowing for several months, but as of November the Fed's preferred inflation gauge - the personal consumption expenditures price index - was still rising at a 5.5% annual rate, more than twice the U.S. central bank's 2% target.

Option data suggests a broader trading range between 17,800 and 18,500 zones with an immediate trading range between 17,900 and 18,250 zones.

Market benchmarks Sensex and Nifty tumbled 1% on Wednesday ahead of the release of Fed meeting minutes late at night and amid continuous foreign fund outflows, a weak trend in index majors Reliance Industries and HDFC Bank. All sectoral indices reeled from selling pressure.The 30-share BSE Sensex slumped 637 points to settle at 60,657.45. Nifty at the close settled with a drag of 1% at 18,043. From the Nifty pack, Divis Labs, HDFC Life, Maruti Suzuki and UltraTech Cement were the top gainers.Here are the stocks that hogged the limelight today:

In respect of the stock split, the record date has been fixed as January 10, 2023. The company, in its filing with the exchanges on December 29, intimated about the record date and said, "We would like to inform to the exchange that Board of the Directors of the Company

Sensex ends 636 points or 1.04% lower at 60,826, and Nifty 50 closes with cuts of 190 points or 1.04% at 18,127

The 1-month lock-in expires for Dharmaj Crop Guard, Uniparts India, Sula Vineyards, Landmark Cars, KFin Technologies and Elin Electronics, stated Nuvama Alternative & Quantitative Research in a report.

The company's clients include foreign, private, and public sector banks, and the end-user of its services include some of the largest e-commerce companies, retail chains, NBFCs, insurance firms, according to information available on the firm's website.

Sensex ends 636 points or 1.04% lower at 60,826, and Nifty 50 closes with cuts of 190 points or 1.04% at 18,127

For a business to expand and grow, it is essential to infuse fresh cash into it, but a heavy debt on the balance sheet is what no companies wish, rather it’s something they dread.ET Markets found six companies that have reduced their debt by over 25% in FY22 on a year-on-year (YoY) basis while their sales and profit growth numbers rose over 25%. We have excluded entities whose total debt and sales amount was below Rs 100 crore in FY21. Only stocks with a current market cap of over Rs 5,00 crore have been added to the list.From the BSE universe, 34 companies have made the cut. Interestingly, 6 stocks from the list have gained anywhere between 50 and 90% so far in FY23 (Data Source: ACE Equity).

Closing Bell: Sensex snaps 2-day rally, crashes 637 points; Nifty below 18,050; JSW Steel sheds 4%, Wipro 2%.

The price requirement is as per the current global market capitalisation cut off levels, and these levels change on a daily basis. The market cap cut-off date will be any one day in the latter half of January, the brokerage said.Shares of Power Finance Corp have risen nearly 14% since December. The stock on Wednesday snapped its seven-day winning streak.

Investors are anxiously awaiting the release of Fed minutes of the December meeting, which would hint whether the US central bank has slowed down its tightening path. "Inflation might prove to be harder to bring down and that should keep the risks elevated that the recession that hits the US economy could be harsher than what most are anticipating. The Fed will remain loud and clear that a lot of work remains to bring down inflation," said Edward Moya of OANDA.

The primary market route is attractive since companies tend to offer valuation discounts -- typically 10-35% -- to listed peers to provide valuation comfort. It also offers investors an opportunity to gain an early exposure to the companies with several earnings growth triggers.

AMFI stock categorization is mainly referred to by active equity mutual fund managers. As the stocks move up from lower categorization to higher (say small-cap to mid-cap and midcap to large-cap), it increases their visibility. Fund managers typically further analyse such stocks and add them as per their rationale while complying with the scheme mandate.

“We hereby inform you that Venugopal Lambu has resigned from the position of whole-time director and president, Markets II, to pursue opportunities outside the company,” LTIMindtree said in a statement.

We first looked at the average daily turnover of each bucket of stocks. On average, a large-cap stock has Rs. 270 cr of volume traded daily vs. Rs. 52cr for mid-caps vs. Rs. 6cr for small caps.

The company also explained the prospects of the business to expand upto 1 GW in renewable energy in the next two to three years. The board further confirmed the appointment of a consultant for a comprehensive study, including feasibility, financing and ramping up.

“Relentless run of interest rate hikes from the Federal Reserve, and China's Covid crisis will keep investors guarded. Investors will be keeping an eye on the Federal Reserve's December meeting minutes to trickle in on Thursday. Technically, Nifty’s biggest make-or-break intraday support is now placed at 17,971 mark,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

As per Trendlyne data, the highest target price for the stock goes up to Rs 75, while the average target price estimate is Rs 67, which shows an upside potential of 9% from the current market prices. Out of the 12 analysts covering the stock, ten have strong buy ratings and two have buy ratings.

Shares of ABB India, which have rallied over 23% in the last one year, are now on the radar of technical analysts. Prabhudas Lilladher has given an upside target of Rs 3000–3200 and a stop loss near Rs 2550 on the stock.

At the December meeting, policymakers opted for a half-point rate hike, following four three-quarter-point moves. But they also signaled another 75 basis points worth of increases this year — more than what Fed watchers had been expecting, given the lower inflation readings in recent months.

“China is more attractive in terms of valuation but has issues regarding COVID and other social issues..China’s open up trade is still awaited and that could shift money away from India and other emerging markets in the short term,” said Satish Ramanathan, CIO - Equity at JM Financial Asset Management.

“Relentless run of interest rate hikes from the Federal Reserve, and China's Covid crisis will keep investors guarded. Investors will be keeping an eye on the Federal Reserve's December meeting minutes to trickle in on Thursday. Technically, Nifty’s biggest make-or-break intraday support is now placed at 17,971 mark,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

"The change in categorization doesn’t necessarily lead to incremental inflow or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes," said Abhilash Pagaria of Nuvama.

CLSA upgraded IndusInd Bank to buy while Axis Bank remains its top pick in the banking space. The global investment bank downgraded Bank of Baroda.

“Relentless run of interest rate hikes from the Federal Reserve, and China's Covid crisis will keep investors guarded. Investors will be keeping an eye on the Federal Reserve's December meeting minutes to trickle in on Thursday. Technically, Nifty’s biggest make-or-break intraday support is now placed at 17,971 mark,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

Brokerage firms were majorly positive on the issue, suggesting to subscribe to it, considering the business model. However, a few analysts were skeptical over the company’s business due to rising competition and rich valuations.

While a large majority of small cap stocks are still in correction mode, there are select stocks where analysts have turned positive in the last one year. 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.

Post-acquisition of Magma Fincorp, the Poonawalla group has strengthened its leadership team, accompanied by reorientation of the customer mix, realignment of the product suite, and implementation of stringent credit policies.

Secondly, we must remember the fundamental principle of finance that risk and return go hand in hand. We are constantly trying to achieve that ideal point where the return on investment is highest.

Indian equity market outperformed the global market in 2022 despite multiple headwinds such as the Russia-Ukraine geopolitical crisis, policy tightening, rising inflation, and volatile FII flows. In comparison to a 4.3% rise in the Nifty 50, the Nifty smallcap declined nearly 20% in CY23. However, a number of brokerages are bullish on a few smallcap stocks that can be a good idea for investors' portfolios for 2023.Indian equity market outperformed the global market in 2022 despite multiple headwinds such as the Russia-Ukraine geopolitical crisis, policy tightening, rising inflation, and volatile FII flows. In comparison to a 4.3% rise in the Nifty 50, the Nifty smallcap declined nearly 20% in CY23. However, a number of brokerages are bullish on a few smallcap stocks that can be a good idea for investors' portfolios for 2023.

"Post-acquisition of Magma Fincorp, the Poonawalla group has strengthened its leadership team, accompanied by reorientation of the customer mix, realignment of the product suite and implementation of stringent credit policies," Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Top stock picks: The brokerage is bullish on private banks, insurance, select industrials, consumer discretionary, automobiles and telcos. Stocks in its portfolio include Maruti Suzuki, M&M, Sun Pharmaceutical, Fortis Healthcare, Bharti Airtel, HDFC Bank, ICICI Bank, Axis Bank and SBI Life Insurance.

Sensex flat, Nifty holds above 18,200, DMart falls 2%, IndusInd Bank rises 2%; Divi's Labs, IOC, Sun Pharma are some opening movers.

“Relentless run of interest rate hikes from the Federal Reserve, and China's Covid crisis will keep investors guarded. Investors will be keeping an eye on the Federal Reserve's December meeting minutes to trickle in on Thursday. Technically, Nifty’s biggest make-or-break intraday support is now placed at 17,971 mark,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.

The markets remained in positive territory on Tuesday, but barely so. The Nifty bank index continues to outperform the headline index Nifty50. One may expect the Nifty to oscillate within a defined range.

Shares of GM Polyplast will trade ex-bonus in the ratio of 6:1, implying eligible shareholders will be getting six shares for every one share held. Ahead of the ex-bonus date, shares of the company ended lower by over 2% at Rs 1210.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Bank of Baroda and Indusind Bank while Nooresh Meerani has a buy/sell recommendation on indigo and ONGC for today's trading session. Check out the targets and stop-loss.

Muthoot Finance’ daily trend is sideways. RSI for monthly, weekly, and daily are all indicating a sideways trend. Based on option chain analysis, the range is between 1000 and 1100. Let’s plan a trade around this.

Nifty futures on the Singapore Exchange traded 53.5 points, or 0.29 per cent, lower at 18,252.50, signaling that Dalal Street was headed for a negative start on Wednesday. Here are some stocks that will be on the investors’ radar today. Watch.

The stock is also moving above all the major averages which is a good sign for an upside move. One can buy the stock at the current level and more on dips of 140 with a stop loss of 129 on a weekly closing basis.

In the currency market, the euro was up 0.14% to $1.0561 in early Asian hours, not far off its three-week lows of $1.0519 it touched overnight. A surprise slowdown in German inflation rallied bunds and sent the common currency sliding.

One reason we are more constructive on equities in 2023 is the big drop in sentiment during 2022,” Bank of America’s strategists including Savita Subramanian wrote in note to clients. “It has been a bullish signal when Wall Street strategists were extremely bearish, and vice versa.

Among the S&P 500's 11 major sectors, behind energy, technology was the second biggest decliner, losing 1%, with Apple hastening the decline as it ended the day with a market valuation below $2 trillion for the first time since March 2021.

Last month, Adani completed the acquisition of 17,577,676 shares from the Roys constituting a 27.26% stake in NDTV for ₹602.2 crore at ₹342.65 per share.

The outstanding bank loans to the sector have grown at over 100% year-on-year, indicating momentum in underwriting renewable energy loans. According to Reserve Bank of India data, outstanding bank loans to this sector more than doubled to ₹4,191 crore at the end of October 21, 2022, as compared with ₹2,073 crore a year back.

The notices, served under the Prevention of Money Laundering Act, were received by investors over the past fortnight, two persons familiar with the matter told ET. The agency has asked investors to share details about their trades between 2009 and 2013 - the year thousands lost money after a payment default by NSEL.

A direct mutual fund scheme can be purchased by an investor through the asset management company (AMC) or an execution-only platform, without the involvement of a distributor. A regular plan is sold through a distributor, who receives a commission from the mutual fund, which charges the investor a higher annual fee, known as expense ratio, to compensate the intermediary.