The benchmark index, Sensex, rose about 126 points to settle at 61,294 on Tuesday. During this rally, five stocks from the BSE midcap index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during 2022. 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.

The issue also has a greenshoe option to retain an oversubscription of up to Rs 175 crore

Daily charts show that indicators such as RSI and MACD are showing some strength to lead toward an upside. Options data suggests a broader trading range between 17800-18500 zones, while an immediate trading range between 18000-18400 zones.

Sky-high inflation and the global gut-punch of nearly 300 central bank interest rate hikes over the last 12 months are putting the focus firmly on how badly economies now buckle, and whether that forces the Federal Reserve and Co to change course.

Domestic benchmark indices extended gains for the second session on Tuesday, helped by an uptick in financials on strong quarterly updates. The Nifty50 closed 0.19% higher at 18,232.55, while Sensex rose 0.21% to 61,294.20. Twenty-six of the Nifty 50 constituents advanced with HDFC Life, SBI Life, Axis Bank, and Titan among the top gainers.Here are the stocks that were in focus today:

From the Sensex pack, Axis Bank, Titan, TCS, Tech Mahindra and Sun Pharma were the top gainers, rising over 1%. IndusInd Bank, Wipro, Nestle, Bajaj Finance and HDFC Bank also closed with gains

Closing Bell: Sensex rises for 2nd straight session, ends 126 points higher; Nifty tops 18,200; HDFC Life gains 5%, Titan 2%

"Healthy disbursement trends have led to business assets at approximately Rs 77,000 crore, a growth of 4.3% over September 2022. This resulted in the growth of 18.5% vs March 2022," the company said in a BSE filing.

Investors were focussed on Germany's CPI data, due at 1300 GMT, that could offer more cues on if cost pressures in the euro zone have weakened after the European Central Bank's aggressive monetary policy tightening path.German consumer prices, harmonised to compare with other European Union countries, are expected to have risen by 10.7% on the year in December in the preliminary reading, compared to an 11.3% increase in November.

Nifty50 and Nifty100 indices are less than 4% away from their 52-week high levels but there are 10 stocks from the Nifty100 pack that are trading over 40% lower from their yearly highs. The list is dominated by new-age technology and IT companies. However, most of these stocks can see a substantial upside, according to Trendlyne.com's forecaster data.

The stock hit a 52-week high of Rs 549 on 7 February 2022, but it failed to hold on to the momentum. The stock bounced back after hitting a low of Rs 345 on 12 May 2022.Short-term traders who missed the rally can look at buying the stock now or on dips for a possible target above Rs 600 in the next 3-4 weeks, suggest experts.

An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. 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.

An agro chem company to niche pharma player to mid sized bank focussed on southern Indian markets have seen an improvement in the score in otherwise volatile markets. 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.

“Such developments create extra selling pressure on the stock. If these kinds of exits happen at the top level, it will have a negative impact,” said Kranthi Bathini, equity market strategist at WealthMills Securities.

Retail shareholding in Indian companies clocked a near 15-year high in June 2022, according to data from the NSE. Post-rate hike, retail shareholding still makes up around 9% in both the Nifty 50 and Nifty 500 Index.

Be it a rating agency or manpower supplier, these are services companies, but somehow these are not classified as service companies. The reason, in India the word “ services” gets related to IT service companies only. We look at what analysts have to say about other non- IT services companies which can be classified as professional and commercial service companies.

This takes the offer price to 342.65 rupees per share, matching what Adani paid NDTV founders when they sold their stake to the conglomerate last week.

The exemptions from the MPS norm will be valid for a "specified period" even if there is a change in ownership or control after the exemption is granted, the notification said.

This book, among other things, explains that often the solutions to our problems are already there in the world - at times in the human world, sometimes in nature and it is a matter of understanding how to structure the problem in order to borrow from other fields. Bullet trains can learn from owls, ads can borrow from ancient myth templates.

"Tata Steel’s share price has formed a strong base around Rs 100 over the past few months factoring in a host of negatives," the brokerage said, adding that the share price is seen resolving out of six months base formation, which resembles a cup and handle bullish formation.

Kotak Institutional Equities initiated coverage on LIC with a buy rating and a target price of Rs 1000 which translates into an upside of over 40% from Rs 709 recorded on 2 January 2023.

The brokerage firm Jefferies assigned buy rating to Piramal Pharma with a target price of Rs 150, implying an upside potential of 20% from the current market price of Rs 125.5 per share.

Kotak Institutional Equities initiated coverage on LIC with a buy rating and a target price of Rs 1000 which translates into an upside of over 40% from Rs 709 recorded on 2 January 2023.

"A correction in the equity market can pose a significant risk to EV because of its large equity investment book, especially in the non-participating segment," the brokerage said.

The year 2022 for economies across the globe was marked by resilient growth, high inflation, and hawkish policy. The year ahead is expected to diverge to weaker growth in advanced economies, disinflation, and the end of rate hikes. It is reasonable for investors to expect different outcomes and build a resilient portfolio.

In the Sensex pack, Sun Pharma, Reliance, Maruti, HUL and M&M were the top laggards, falling about 0.5%. Bharti Airtel, HCL Tech, HDFC, Infosys and L&T also opened with cuts. On the other hand, Axis Bank, Tata Motors, SBI and Kotak Bank opened with gains.

Further, capital expenditure and infrastructure spending is likely to see a further increase this year. Therefore, analysts are betting on industrials sectors and Larsen & Toubro is one the bets in this space.

Nifty formed a Bearish Piercing pattern on the daily scale on Monday but it has been making higher highs from the last five sessions. It formed a Bullish candle or an Inside Bar on the weekly frame but continues to form lower highs from the last four weeks.

Dalal Street trader and investor Vivek Bajaj, who runs StockEdge, says credit will slow down when interest rates go up to obnoxious levels. "PSU banks, being the most inefficient segment of the banking sector, will definitely see corrections. But efficiently managed banks like SBI and Bank of Baroda will continue to outperform other PSU banks," he said.

Sensex sheds 100 points, Nifty nears 18,150; Zomato falls 3%, Piramal Pharma gains 3%.

Domestic equities kicked off the new year on a positive note as the broader outlook for India remains bright. Analysts believe that stock-specific actions are likely to remain high at the bourses and a handful of stocks are on the verge of breakout on the technical charts. Based on the recommendation of the brokerage firm Nirmal Bang, here are five stocks that can deliver chartbuster returns in 2023.

The lender’s board meeting will be held to consider and approve prior intimation for the meeting of the Executive Committee of the Central Board to seek approval for raising of Infrastructure Bonds. The lender’s share on Monday ended with a marginal cut at Rs 612.2 per share.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Manoj Muralidharan has a buy/sell recommendation on Tata Steel and REC Limited while Nooresh Meerani has a buy/sell recommendation on M&M Fin and Axis Bank for today's trading session. Check out the targets and stop-loss.

The stock peaked out in the first week of November 2022 and followed it up by making lower highs in the last week of November which was again tested in December. Recently price has been observed to be trading below its previous support, which prompts further weakness in the upcoming days.

The first day of trading in the new year saw a positive move by Nifty, which closed with a gain. The broader market is continuing to throw up some stock-specific offers, which are seen as buoyant.

Bharat Petroleum Corporation’ daily trend is sideways, however in the last few trading sessions, it is showing some strength. Based on option chain analysis, the range is between 320 and 400. This is a wide range. Let’s plan a trade around this.

Stocks that were in focus include names like Usha Martin which closed with gains of over 7%, PNB Housing which rallied more than 7%, and Jindal Stainless which closed with gains of nearly 6% on Monday.

The article discusses how there has been an increase in interest in small businesses (sme) stocks, which have been doing better than larger companies. There has been a shift in investor interest away from stocks on the main board of the stock exchanges, which are typically more expensive and have higher risks, and towards stocks on the smaller and mid-sized exchanges.

Nifty futures on the Singapore Exchange traded 26.5 points, or 0.15 per cent, lower at 18,196.50, signaling that Dalal Street was headed for a negative start on Tuesday. Here are some stocks that will be on the investors’ radar today. Watch.

They expect interest rates to top out at 5% in the United States, 2.25% in the EU and 4.5% in Britain and to stay there for the entire year. Markets, on the other hand, are pricing in rate cuts for late 2023, with Fed fund futures implying a range of 4.25 to 4.5% by December.

. Besides rival Vodafone Idea's vulnerability in the absence of funding and 5G services, Airtel is betting on its rural push to bridge the coverage gap with market leader Reliance Jio. The company is also expanding its home broadband business and pushing for conversions to post-paid from pre-paid for the RMS growth.

Torrent Investments filed an interlocutory application a day before the committee of creditors and their advisors’ pre-scheduled meeting on January 3. It has petitioned that the verified lenders and the administrator, Nageswara Rao Y, will be violating the law governing the corporate insolvency process by engaging in negotiations with the “latecomer” while referring to Hinduja, said one of the persons cited above.

The Chhattisgarh-based power company owes Rs 1,890 crore to two lenders, Bank of Baroda and State Bank of India. “We have received bids and they are being evaluated. The financial parameters of the bids will now be discussed, and lenders may also seek more details from bidders before selecting the preferred one,” one person who is aware of the process said.

Sebi made these inferences in a special examination report that it had to submit to the Bombay High Court. The matter would be heard by a division bench of Justice GS Patel and Justice SG Dige on January 4.

The I-T department had sought an additional tax of Rs 5,258.14 crore for the assessment year 2021-22 by way of an intimation. The assessee sought quashing of the intimation and a restraint from adjustment of pending refunds against the impugned demand as well as a stay on the impugned demand.

RBI said state-owned SBI along with private sector lenders ICICI Bank and HDFC Bank have been placed under the same bucketing structure as in the 2021 list of D-SIBs.

The stock closed at ₹119.1. In the past three trading sessions, Tata Steel's stock futures have seen a near 20% jump in open interest indicating build-up of fresh bullish bets.

The stock hit a 52-week high of Rs 1,316 on January 5, 2022, but failed to hold on to the momentum. It bounced back after hitting a 52-week low of Rs 857 on June 17, 2022.

Data available till November 18, 2022, show the outstanding loans to the services sector at ₹33.15 lakh crore, up 21.3% in one year. Outstanding loans to the industrial sector rose 13.8% in the same period to ₹32.94 lakh crore.

Activity will, however, pick up later this week as the US Federal Reserve will release the December policy meeting minutes on Wednesday, which investors will parse through for clues on the direction of interest rates. The US will also release the December jobs report on Friday, seen as a key factor for the American central bank's next policy move.