The entire commodity cost basket, on average, showed slight signs of moderation. The downward momentum in crude and crude derivatives and palm oil prices augurs well for Paint companies, PIDI, GCPL, and HUVR.

Sumitomo Chemical India (SCIL) is part of Sumitomo Chemical Company (Japan) and is a leading player with a 12% share in the India agri-input market. Strong parentage offers a competitive edge in terms of technical capabilities, strong distribution, and R&D support.

Blame it on the subdued returns given by assets such as fixed deposits or gold, or the COVID-induced work-from-home environment, retail investors have emerged as a new don of Dalal Street.

Here's what Akhilesh Jat, Category Manager - Equity Research, CapitalVia Global Research, recommends investors should do with these stocks when the market resumes trading today:

Shares of BLS International will trade ex-bonus in the ratio of 1:1. The record date for the same is December 10, 2022. EFC (I)’s board will meet today to consider the conversion of 95,500 convertible warrants into equity shares on a preferential basis to the promoter.

The gains in Chinese shares came after some investors booked profits on Wednesday after the government announced sweeping changes to ease a tough anti-COVID policy that has battered the world's second-largest economy.

The attempted breakout by Nifty above the 18,600 level appears to have cooled off. The Put OI build-up of weekly options expiry on Thursday, though, indicates that markets may move above the level sooner rather than later.

While U.S. crude stocks fell last week, gasoline and distillate inventories surged, adding to concerns about easing demand. Gasoline stocks grew by 5.3 million barrels in the week to 219.1 million barrels, and distillate stockpiles, including diesel and heating oil, swelled by 6.2 million barrels, the EIA said.

Dharmaj Crop Guard will make its debut at the Dalal Street on Thursday after raising Rs 251 crore from primary markets. Its IPO, which was subscribed 35.5 times, was open between November 28-30 in the range of Rs 216-237 apiece.

The S&P 500 lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite dropped 56.34 points, or 0.51%, to finish at 10,958.55. The Dow Jones Industrial Average was flat, ending on 33,597.92.

Despite rising rates, property prices and commodity inflation, the housing sector had continued its sales growth momentum that started two years ago.

Nifty futures on the Singapore Exchange traded 15 points, or 0.08 per cent, lower at 18,656.50, signaling that Dalal Street was headed for a muted start on Thursday.

Currently, liquidity in the banking system remains in surplus with the average absorption under the liquidity adjustment facility (LAF) at Rs 1.4 lakh crore, though down from the average of Rs 2.2 lakh crore during August-September. MSF is an emergency window for banks to borrow from RBI. The MSF rate is pegged 25 basis points above the repo rate and currently is at 6.50%.

The weighted average lending rates (WALRs) on fresh and outstanding rupee loans have increased by 117 bps ( one basis point is 0.01 percent) and 63 bps, respectively, over the period May to October 2022 during which the central bank raised the benchmark policy rates by 190 basis points from 4 percent to 5.9 percent.

At the heart of the dispute is ESMA’s right to inspect, penalise and de-recognise any Central Counterparty Clearing Houses (CCPs) in systemically important countries where European banks are involved. This the RBI sees as an extraterritorial provision that violates the sovereignty of the nation.

The focus on India comes at a time when companies such as PepsiCo, Coca-Cola, General Mills, Walmart and Amazon have announced downsizing of the workforce and operations in markets like the US and Europe to cut costs amid inflationary pressures.

The Reserve Bank of India (RBI) has said UPI customers can create a payment mandate against a merchant by blocking funds in a bank account for specific purposes, and the funds can be debited whenever needed.

​​The brokerage said the move will alleviate the supply risk in the stock. In a notice to the stock exchanges, HDFC AMC said co-sponsor abrdn, formerly known as Standard Life Investment holding a 10.21% stake, plans to sell it entirely.

The stock has rallied more than 1% in a week and over 7% in a month. It rose more than 16% in the past 3 months.

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.

Promoters pledge the share to raise funds for business expansion

At 9:54 a.m. ET, the Dow Jones Industrial Average was down 80.70 points, or 0.24%, at 33,515.64, the S&P 500 was down 12.07 points, or 0.31%, at 3,929.19, and the Nasdaq Composite was down 70.86 points, or 0.64%, at 10,944.03.

"The chart pattern combined with prevailing buoyancy in the market is pointing towards a steady up move in Coforge. Positional traders and short term investors can consider buying in the given range," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

Subdued Asian markets and continued selling by foreign investors further weighed on investor sentiment, traders said. The 30-share BSE benchmark ended 216 lower at 62,410.68, while Nifty settled at 18,560.50.

The two-day traders’ conference will start on December 17. It provides an opportunity to connect and interact with experts, driving investment and wealth creation for several investors.

The BSE Sensex tumbled for the fourth session on the trot on Wednesday as the Reserve Bank raised the key interest rate by 35 basis points and lowered the country's GDP growth forecast to 6.8% for the current fiscal due to continued geopolitical tensions and tightening of global financial conditions. The 30-share BSE benchmark ended 216 points lower at 62,410.68. Similarly, the broader Nifty fell 82 points to 18,561..The central bank also said it remains focussed on bringing down inflation that has stayed above the comfort zone for 10 straight months.“For the fourth consecutive session, we witnessed lower lows in our domestic markets. The index NIFTY spot has been breaching previous day’s lows and this indicates weakness. The support of 18,600 has already been breached and we are witnessing a breakdown from the rising trend line in NIFTY index. Thus in the coming sessions, we might witness further downside towards 18,400-18,200 levels,” said Mehul Kothari, AVP-Technical Research, Anand Rathi Shares & Stock Brokers.Here are 4 stock recommendations for Thursday:

Inox Wind has used these funds to repay GFL the advances (net off wind capacity expected to be commissioned) it had received for setting up wind power capacity, it added.

The Dow Jones Industrial Average fell 39.9 points, or 0.12%, at the open to 33556.4

The RBI governor also stated that Inflation has remained at or above the upper tolerance band since January 2022 and core inflation is persisting around 6%

The BSE Sensex tumbled for the fourth session on the trot on Wednesday as the Reserve Bank raised the key interest rate by 35 basis points and lowered the country's GDP growth forecast to 6.8% for the current fiscal due to continued geopolitical tensions and tightening of global financial conditions. The 30-share BSE benchmark ended 216 points lower at 62,410.68. Similarly, the broader Nifty fell 82 points to 18,561..The central bank also said it remains focussed on bringing down inflation that has stayed above the comfort zone for 10 straight months.“For the fourth consecutive session, we witnessed lower lows in our domestic markets. The index NIFTY spot has been breaching previous day’s lows and this indicates weakness. The support of 18,600 has already been breached and we are witnessing a breakdown from the rising trend line in NIFTY index. Thus in the coming sessions, we might witness further downside towards 18,400-18,200 levels,” said Mehul Kothari, AVP-Technical Research, Anand Rathi Shares & Stock Brokers.Here are 4 stock recommendations for Thursday:

Benchmark index Sensex closed lower by about 215 points at 62,410 on Wednesday. Despite a fall in the markets, nine stocks from the BSE 200 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.

The central bank changed the timings in April 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19.

According to Sebi, Sumangal Industries had collected funds from investors through illegal collective investment schemes (CIS), while the other three firms garnered capital from investors by way of issuance of securities such as non-convertible debentures (NCDs) and redeemable preference shares (RPS) without complying with the regulatory norms.

Indian indices settled at over one-week lows on Wednesday as the Reserve Bank of India governor sounded a hawkish note after announcing an increase in its key lending rate and said the RBI would continue with its stance on taming inflation.The Nifty 50 index closed 0.44% lower at 18,560 and the S&P BSE Sensex finished 261 points down to 62,410.Here are the stocks that were in limelight today:

The index slipped below its recent consolidation on the hourly chart, suggesting a waning bullishness. The momentum oscillator is in a bearish crossover. The trend is likely to remain negative going forward; support on the lower end is pegged at 18,500/18,350. On the higher end, resistance is visible at 18,670/18,750.

The central bank changed the timings in April 2020 in view of the operational dislocations and elevated levels of health risks posed by COVID-19.

Exciting times in the market can go both ways - it can be a time of temptation to exit and book profits, or it can be a clarion call to participate in a bull run; a constant guessing game of what might happen next.

A softer rate hike of 35 bps is justified against the backdrop of moderation in inflation despite it remaining above the upper limit of RBI’s inflation target band for 10 months in a row

“The members of the company approved a bonus issue in the ratio of 1:1 i.e. One new bonus equity share for every one existing fully paid-up equity share and subdivision of the company's one equity share of the face value of Rs 10 each into two equity shares of the face value of Rs 5 each,” the company said in a release.

Investors appear to be heeding the warnings. Following a two-month rally, the S&P 500 Index has fallen in all but one of the last eight sessions and dropped 1.4% on Tuesday. Equity strategists, historically the market’s biggest cheerleaders, are now predicting a down year in 2023. And the red flags are being waved in the wake of wage and services data that suggested inflationary forces still grip the economy.

"Gold price is trading slightly lower amid risk-off moods on recession fears, which was driving a move back to safe havens," said Dilip Parmar, Research Analyst at HDFC Securities.

Closing Bell: Sensex falls for 4th straight day, ends 216 points lower; Nifty below 18,600; Jubilant Foods, LTI , Mindtree drop 3% each

Sensex ended 216 points lower while the Nifty ended below 18,600 mark.

5paisa Capital, a discount broking unit belonging to Nirmal Jain-controlled IIFL Group, has decided to buy IIFL Securities' online retail broking business in an all-stock deal.

There has been a paradigm shift in investment bets towards stocks in the capital-intensive sectors due to the strong domestic macroeconomic factors, improving corporate earnings, and strong balance sheets.

Global brokerage firm Jefferies has 19 top buy and 6 top underperform bottom-up ideas in December. Among top buys, it is bullish on ICICI Bank, SBI, IndusInd, Tata Motors, Maruti, TVS, L&T, Lodha, Godrej Properties, Zomato, Sun Pharma and Indian Hotels. Here are the 6 stocks that may underperform:

"A change in stance to dovish going forward by RBI will lead to rally in the banking segment while a prolonged hawkish stance will impact deposit rates and lead to narrowing NIMs, more so for PSBs," said Anil Rego, founder and fund manager at Right Horizons PMS.

After remaining at elevated levels, prices of a number of commodities like steel, copper, special pigment, dyes and others have softened. This will help companies in sectors like home building products where these commodities go as raw materials as input cost pressure would cool off.

Aurodeep Nandi, India Economist and Vice President at Nomura, pointed out that the MPC continued to remain split, with one dissent in favour of a pause, and two dissents against the current stance, further suggesting that the rate hiking cycle is nearing its end.

Exciting times in the market can go both ways - it can be a time of temptation to exit and book profits, or it can be a clarion call to participate in a bull run; a constant guessing game of what might happen next.