Some market participants see a knee jerk negative impact of the news on the stock on Tuesday. Shares of the company ended 1.5% higher on the National Stock Exchange at Rs 60.25

"Bajaj Electricals is on the verge of a strong breakout from the triangle pattern on weekly charts. The stock is comfortably trading above 55ema, 89ema and 200ema on a weekly time frame suggesting the trend is very strong and prices can catapult soon," Gaurav Bissa, VP, InCred Equities, said

The orders came after the Securities Appellate Tribunal (SAT) had set aside Sebi's insider trading charges against certain individuals in the WhatsApp leak case in March 2021 and the same was upheld by the Supreme Court on September 26 last year.

They are often touted as an early-cycle asset class

A Petition has been filed against the Company under Section 9 of the IBC by the IPRS, an Operational Creditor, before the NCLT, Mumbai Bench for initiation of Corporate Insolvency Resolution Process against the company, claiming a debt and default of Rs 211.41 crore towards royalty payable for utilization of 'literary and musical works'," ZEEL said.

Markets welcomed 2023 on high spirits in the absence of global cues. Strong macros and expectations of healthy corporate earnings provided support to domestic equities. India’s manufacturing PMI rose to 13 month high to 57.8 in December, while GST collection too rose by 15% in December 2022 to Rs 1.49 lakh crore, thus, supporting overall sentiments in the market,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

Equity benchmarks began the New Year on a cheerful note, with the Sensex climbing 327 points to settle at 61,168 and the Nifty finishing near the 18,200-mark on Monday, led by metal, media and realty counters. Positive macroeconomic data and a firm trend in European equities bolstered investor sentiment. Tata Steel was the biggest gainer in the Sensex pack, vaulting 5.86%, followed by Tata Motors, ICICI Bank, Mahindra & Mahindra, Reliance Industries, Infosys, NTPC and Bharti Airtel.Broader markets outperformed, with Nifty Midcap 100 climbing 0.9%.“Nifty gained on the first day of the year after a flat opening. At close, Nifty was up 0.51% or 92.2 points at 18,197.5. Volumes on the NSE continued to be on the lower side as some participants are still on holiday. Metals stocks rose as a foreign brokerage turned bullish on them due to easing of Covid curbs in China. Smallcap index outperformed the Nifty even as the advance decline ratio rose to 2.1:1,” said Deepak Jasani, Head-Retail Research, HDFC Securities.Here are 6 stock recommendations for Tuesday

The index, however, negated its higher highs formation of the last five sessions. Now, it has to continue to hold above 18181 zones for an up move towards 18350 and 18442 levels, whereas supports are placed at 18081 and 18018 levels, said Chandan Taparia of Motilal Oswal.

Benchmark index Sensex ended the first trading session of 2023 with gains of 325 points to settle at 61,167. During this rally on Monday, eight stocks from the BSE financial services 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 Govt may announce incentives worth Rs 20,000 cr for the manufacturing of electrolyzers, in the Budget, It will be a part of the second phase of Green Hydrogen policy

In the first trading day of the year, the partially convertible rupee ended at 82.7375 per dollar, against its previous close of 82.72.It touched a near three-week high of 82.5675 early in the day, which dealers said was likely due to short USD/INR positions being built.

On expected lines, equity benchmark indices started the first trading session of the CY2023 on a firm note. At close, Nifty ended higher with gains of 92 points at 18,197, while Sensex added 327 points to settle at 61,168. Broader markets outperformed benchmarks, with Nifty Midcap 100 ending nearly 1% higher. Here are the stocks that were in focus today:

The investor held 50,95,490 equity shares or 1.97% stake In the company as of Q3. This marks an increase in stake by 0.63% as Agarwal held 1.34% stake in the September quarter.Around 3 pm, the stock traded with gains to the tune of over 2% at Rs 71.75 per share on the NSE. While, on the BSE, it hit the day’s high of Rs 72.05 apiece.

Sensex rises 327 points on first trading day of 2023; Nifty near 18,200; Tata Steel rallies 6%, LIC 4%.

From the Sensex pack, Tata Steel was the top gainer, rising about 6%. Tata Motors, ICICI Bank, Axis Bank, M&M Reliance, NTPC and Infosys also closed with gains

“We remain positive on PNB as the bank is likely to deliver strong earnings driven by healthy operating profit growth and normalisation of credit costs,” Rahul Malani, Analyst Banking and NBFC, Fundamental Research at Sharekhan by BNP Paribas, said.

After almost a year of cautious view, we turn positive on India metals; China started to ease Covid-19 policy and support its ailing property sector. We believe the worst-margin quarter for Indian Steel, and the big chunk of earnings cuts for Tata Steel are behind," the brokerage firm Jefferies said.

"Positive divergences on secondary oscillators along with the rise in volumes along with a rise in price, points towards next run up into a stock in upcoming weeks for Jindal Saw," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

As we entered the new calendar year, we studied how the index and stocks typically performed in January. ET Markets found the benchmark index Sensex has been a negative performer in January month of the last 3-calendar years, but there are 9 stocks from the BSE universe that have given over 10% price return in January for the past 3 years. Interestingly, overall in the 3-year timeframe, all these 9 stocks have given 3-20 times returns. We considered only stocks with an m-cap of over Rs 1,000 crore (Data Source: ACE Equity). Take a look.

"The year 2023 is likely to be a defining year for ONGC with two prominent triggers. These are a) a rise in domestic oil & gas production, and b) a possible floor on gas realization. Both are likely to play out in favour of the company, an outcome that makes us pitch ONGC as the top idea for 2023 in the sector," Motilal Oswal said.

Calculations done by Nuvama Alternative and Quantitative Research shows that among those that have a high probability of getting upgraded to midcap from largecap are - Varun Beverages, ABB India, Page Industries, Bosch and Trent.

"We are also exploring opportunities in emerging areas of Green Hydrogen, Battery Energy Storage Systems through collaborations with global technology companies," Rajib K Mishra, CMD (additional charge), PTC India said.

Over the weekend, a report showed that Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since February 2020, as the country grapples with a nationwide COVID-19 surge after suddenly easing anti-epidemic measures.

After almost a year of cautious view, we turn positive on India metals; China started to ease Covid-19 policy and support its ailing property sector. We believe the worst-margin quarter for Indian Steel, and the big chunk of earnings cuts for Tata Steel are behind," the brokerage firm Jefferies said.

MOIL is the largest producer of manganese ore in the country with a market share of about 45%, operating eleven mines in the state of Maharashtra and Madhya Pradesh. The company has an ambitious vision of almost doubling its production to 3 million tonnes by 2030. MOIL is also exploring business opportunities in the state of Gujarat, Rajasthan and Odisha besides other areas in the state of Madhya Pradesh.

PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.

Overall, the SMA-2 book stands at ~0.3% of loans. Improvement in the corporate credit cycle along with the fact that trailing loan growth in the corporate segment has been muted in the past few years should moderate NPL formation further.

"The bank has managed asset quality well throughout the epidemic, and the bank intends to aggressively extend its footprint through partnerships with fintech companies as well as physical expansion. We value the company at 12.8x FY23 EPS to arrive at the target of 161," the note said.

On the weekly chart, the stock gave a breakout from 88 weeks consolidation patch. From a pattern perspective, it can be considered as a rounding bottom pattern which is a bullish development.

Domestic equities are widely expected to kick 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 their recommendations, here are eight stocks that can deliver strong returns.

Domestic equity markets made gains on Monday morning, tracking strong Asian stocks cues. Indices on Monday surged after being volatile in pre-opening sessions of both BSE and NSE. BSE Sensex surged 77 points to 60,917.87 while Nifty 50 went up 25 points to 18,130.35 at 9.27 am on Monday.

While the worst January was in 2008 when the index lost 16.3% of its value amid the global financial crisis, monthly returns have been negative in all the last four years as well.

A count of multibagger stocks with a market capitalisation of over Rs 500 crore shows that the number of stocks that at least doubled investor wealth in a given calendar year were 135 in 2020 and 336 in 2021. The pre-Covid years of 2018 and 2019 rewarded investors with only 19 multibagger stocks each.

The end-of-the-year trading day on Friday saw a lack of liquidity in the markets, with the Nifty closing on a negative note. Yet the headline index has given a return of 4.33% on a year-to-date basis, despite December being a loss-making month.

Rise in interest rates, recession fears, the Russia-Ukraine war as well as rising concerns over Covid cases in China will keep the markets on edge in 2023, suggest experts. “This decline in forex reserves is to defend the rupee amid pressures caused majorly by global developments. On the technical front, 17950 and 18300 are immediate support and resistance in Nifty 50,” Mohit Nigam, Fund Manager & Head - PMS, Hem Securities, said.

In the Sensex pack, Tata Steel, Tata Motors, Bharti Airtel and ICICI Bank were the top gainers, rising about 0.5-1%. Bajaj Finserv, Axis Bank, Bajaj Finance, Nestle and NTPC also opened in the green. Whereas, Asian Paints, ITC, Sun Pharma, M&M and HCL Tech opened with cuts.

The next big resistance for the index is placed at around 18,400. Budget 2023, rise in Covid cases, FII flows as well as earnings season will guide markets in the near term, suggest experts.

Buying a stock due to high dividend yield, does not interest many. Everyone is looking for capital gains. However, there are many advantages to having high-dividend-yielding stocks in one’s portfolio and they are realized by majority at the time of correction in broader markets. For the purpose of this report, we had kept the dividend yield of at least 5 percent as a benchmark. Another condition was that the company should have a track record of paying dividends, on a consistent basis, for at least 8 years.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Angel One Broking's Amar Deo Singh has a buy/sell recommendation on Tata Steel and REC Limited while Nooresh Meerani has a buy/sell recommendation on SBI and Vedanta for today's trading session. Check out the targets and stop-loss.

The counter is moving in an ascending channel formation, which is defined as price action contained between two ascending parallel lines. The overall structure is very bullish, and higher highs and higher lows characterise this price pattern.

Nifty futures on the Singapore Exchange traded 40 points, or 0.22 per cent, lower at 18,183, signaling that Dalal Street was headed for a negative start on Monday. Here are some stocks that will be on the investors’ radar today. Watch.

The company in a filing informed that the company has secured long-term funding of USD 100 million from the Asian Development Bank (ADB). The USD 100 million External Commercial Borrowing (ECB) is a 5-year loan under SFL’s Social Finance framework.

Power Grid Corporation of India’s daily trend is sideways to bearish. Since mid of November, it is trading in the small range and is showing weaknesses. Based on option chain analysis, the range is between 210 and 220. Let’s plan a trade around that.

The stock was corrected by Rupees 336 after a rise of Rupees 916 from 1st July 2022 to 31st October 2022 (in 4 months). It has recovered and completed a pullback, and the oscillator and prices are showing strength. Falling trendline breakout in prices and horizontal line breakout can be seen in the daily time frame chart.

Founders Prannoy Roy and Radhika Roy will receive a little over Rs 602 crore for selling 27.26% stake in the news broadcaster to Adani Enterprises at a per-share price of Rs 342.65.

Public sector banks have outperformed private banks in the recent past. Banks also expect margin trajectory to remain robust, while an improving asset-quality resolution should provide further fuel to profitability.

"Wholesale digital rupee is expected to make the inter-bank market more efficient and reduce transaction costs by pre-empting the need for settlement guarantee infrastructure or for collateral to mitigate settlement risk," the central bank said. "Based on the learnings from this pilot, other wholesale transactions and cross-border payments will be the focus of future pilots."

Traders who missed the rally can look at buying the stock now for a target above Rs 120 in 6-7 weeks

India will not be able to choose its policy stance in 2023; it will have to react to a very volatile global situation. In a best-case scenario, growth could zoom to 7%. In a worst-case scenario, it could sink to half that.

Even after this year's record 65% drop, the electric-car maker's meteoric surge during 2020 and 2021 has left it with stock-market value of $389 billion, more than Toyota Motor Corp., General Motors, Stellantis NV and Ford Motor. combined.