Setting up the Social Stock Exchange is on the lines of a proposal made by the government in the Union Budget of 2019-20 (April-March) to create a platform for listing social enterprises and voluntary organisations

"We are consolidating our development finance book, but we still like the business; it is materially a sound business," said Jairam Sridharan, managing director, Piramal Capital and Housing Finance. "The fact that banks have got serious limitations in terms of how to lend to real estate is well known. So, where will the funding come from? We want to be among those providers."

India's market cap stood at ₹281 lakh crore on Thursday as against ₹58 lakh crore in FY12. PSUs' market cap increased to ₹37 lakh crore from ₹16 lakh crore in FY12, while the private sector market cap rose to ₹252 lakh crore from ₹41 lakh crore.

Short-term traders can look to buy the stock now for a target of Rs 3,700-3,800 in the next 3-4 weeks, suggest experts

LIC said its holding in the company crossed 5 per cent on December 21, 2022. The acquisition of the additional shares were done at an average cost of Rs 4,790.76 apiece.

"Divi's Laboratories is showing signs of bottoming out and has taken support and almost made a double bottom formation pattern near 3250 zone on the daily chart," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said

At 9:50 a.m. ET, the Dow Jones Industrial Average was down 331.19 points, or 0.99%, at 33,045.29, the S&P 500 was down 50.70 points, or 1.31%, at 3,827.74, and the Nasdaq Composite was down 197.23 points, or 1.84%, at 10,512.14

The stake has been acquired through its wholly-owned subsidiary Reliance Strategic Business Ventures

The transfer of invoked shares is pursuant to assignment of loans sanctioned by the bank to Essel group companies (in respect of which default is subsisting and pledge on company's shares was invoked by Yes Bank), it added.

Sebi noted that Naresh is a director of Nishant Infin, which provided business services to Deepak Fertilizers and its subsidiaries. Also, Naresh is a cousin of Sailesh Mehta, who is the Managing Director of Deepak Fertilizers.

Shares extended fall for a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns about inflation, while fears of a Covid resurgence weighed on sentiment. Nifty at the close was dragged down to below 18,150 levels and the S&P BSE Sensex fell 0.39% to 60,826.22. This is the lowest close for both the benchmarks since November 10. Both Nifty and Sensex had gained over 0.6% in the opening minutes.Meanwhile, broader markets saw even more pain. All the sector indexes declined, with auto, metal, PSU banks and realty losing over 1% each.“With the given swift decline in the recent past, FIIs turned net sellers on the index futures, they largely trimmed their index futures long positions and added shorts and a similar trend is visible on stock futures. Nifty ended lower for three consecutive sessions. However, Bank Nifty managed to settle above its prior sessions low,” Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities, said.Here are 4 stock recommendations for Friday:

The Dow Jones Industrial Average fell 143.13 points, or 0.43%, at the open to 33,233.35

The ex-date when the stock adjusts in price as per the corporate action announced falls is January 18. This means investors intending to buy the stock for bonus shares must buy it before January 18. The stock has recorded a significant run-up, with its 1-year return at 191%, while its year-to-date (YTD) return is at 163%.

"We have no choice but to act," he said in an interview with Le Monde paper published on Thursday. "Increases of 50 basis points may become the new norm in the near term."

Benchmark index Sensex closed lower by about 240 points at 60,826 on Thursday. During this weak trade, six stocks from the BSE IT index slipped to record their new 52-week lows.The 52-week low is the lowest price a stock has traded during the last one year. 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.

Setting up the Social Stock Exchange is on the lines of a proposal made by the government in the Union Budget of 2019-20 (April-March) to create a platform for listing social enterprises and voluntary organisations

However, global factors like recessionary fears in the US and Europe, geopolitical risks and rising Covid-19 cases in China are likely to bring in volatility in the coming year, said Motilal Oswal Broking and Distribution.

Till the index holds below 18250 zones, weakness may be seen towards 18000 and 17950 zones, whereas hurdles are placed at 18250 and 18350 zones, said Chandan Taparia of Motilal Oswal.

Indian indices extended fall to a third straight session on Thursday, with broad-based declines, after the Reserve Bank of India's latest monetary policy minutes revealed strong concerns over inflation, while fears of a Covid resurgence weighed on sentiments.Even as some of the major Asian markets snapped 5-day losing spree, Sensex declined 241 points to close at 60,826, while Nifty settled at 18,127. Meanwhile, broader markets continued to underperform the key indices.Here are the stocks that made headlines in Thursday’s trade:

Against the issue price of Rs 357 apiece, shares of Sula Vineyards were listed at Rs 358 on BSE and at Rs 361 on the National Stock Exchange (NSE), making the landing flat for the investors.

“Nifty will tend to move to a new high over the next 12 months. India holds a concrete advantage over other markets, and India’s manufacturing will gain from production-linked incentives and global re-shoring,” Yes Securities said.

Closing Bell: Sensex slumps for 3rd straight session, ends 241 points lower; Nifty below 18,150; Adani Transmission cracks 5%, Jubilant Food up 3%

In the Sensex pack, M&M, Bajaj Finserv, IndusInd Bank, and Tata Motors were the top laggards, falling over 2% each.

Against the issue price of Rs 357 apiece, shares of Sula Vineyards were listed at Rs 358 on BSE and at Rs 361 on the National Stock Exchange (NSE), making the landing flat for the investors.

During 2017-22, corporate profit growth across sectors bounced back smartly, propelled by tax rate cuts, reduction in the banking sector NPAs and post-pandemic tailwinds after a weak two-year base.

Automaker shares rebounded strongly after the yen showed signs of stabilizing, and the real estate sector rallied as long-term bond yields also calmed down after steep climbs.

International funds may help you gain exposure to unique or new age or futuristic business models that may not be abundantly available in India. Take for example luxury goods, health tech, electric vehicles. While one may be able to use such services in India, one doesn’t have many avenues to invest in such businesses domestically

In a meeting that was held last week, the company announced that its board of directors approved an allotment of bonus shares to eligible shareholders in the ratio of 1:2.

Brokerage firms recently launched their first reports on a number of counters in December. The majority of them remain positive on these stocks and see up to 72% rise in the coming months.These stocks belong to various sectors such as IT, dairy, financial services, electrical appliances, wooden products and carbon black. Look what brokerages said about these companies in their initial reports.

At 11.02 am, the scrip was trading 7.6% lower at Rs 224.6 over its last day’s closing price of Rs 243 apiece. The stock has also fallen nearly 20% in the last six months, while it has plunged about 10% year-to-date.

One must understand that while inflation will always push asset prices higher, this period of high inflation is cyclical. Your portfolio may continue to grow so long as it is not concentrated in a few high-risk stocks and is suitably diversified. While one can expect market volatility to continue, investors would do well to invest with a long-term mindset and not make any knee-jerk reactions in the current situation.

In the Sensex pack, Bharti Airtel, Sun Pharma, ICICI Bank and Tata Steel were the top gainers, rising about 1%. HCL Tech, Infosys, M&M, Bajaj Finance and Tech Mahindra also opened with gains. On the other hand, NTPC, Axis Bank, L&T and Nestle opened with cuts.

According to various reports, India is emerging as one of the fastest growing web3 nations in the world, hosting about 500 startups in the ecosystems, trying to harness the potential of the technology.

Even as the market corrects, select stocks are attracting attention of the markets and have seen an improvement in their scores indicating possibility of out performance. These stocks from different sectors are identified on the basis of data from the latest Stock Reports Plus report. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Financial markets may have integrated the bulk of the future hikes, but the level of the Federal Reserve’s terminal rate and quantitative tightening (rolling down the bonds in the books of the Fed) will be critical for the markets. Consequently, this sets markets up for higher volatility.

Recent listing of new companies in the retail segment, is making the word “retailing companies” redefined. As the word retail stocks get a new meaning with specialised one segment companies getting listed. What is the consensus estimate for these companies?

While Dow Jones declined 10% year-to-date, Nifty has outperformed with gains of around nearly 5% so far in the calendar year 2022. So far in CY22, banks, auto, energy and metal stocks have led the rally. Analysts say Indian equities are likely to display the same rhythm in CY23. Based on data available on Trendlyne, 17 stocks have more than 30 strong buy and buy calls. Here's a list of 10 stocks with more than 30 strong buy and buy calls, according to Trendlyne data:

The stocks which is part of the restaurant industry is moving from strength to strength. It is now communicating to customers about a 20-minute delivery USP. The domestic brokerage firm continues to remain constructive on the stock. Jubilant enjoys structural strength for providing the fastest delivery, it said,

Buying is seen across the healthcare space and the stock is likely to outperform in the coming sessions. “Looking at overall chart structure on the daily scale we expect the stock to move upwards towards 5050 zones from current levels with a stop loss below Rs 4600 zones on a closing basis in the next 3-4 weeks,” recommends Beriwal.

After reporting a high double-digit growth in the operating profit for two consecutive quarters, RIL’s mainstay oil-to-chemicals (O2C) business reported a 6% decline in the September quarter, weighed down by the additional cess.

UML is primarily engaged in the manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in the sale of other products such as wire drawing and allied machines.

While Nifty has plunged around 3% so far in December, historical trend indicates that the festive spirit may soon overpower bears. In the last 20 years, Nifty has ended on a positive note in December for 80% of the time. December has the highest average monthly returns of 3.2%, Samco Securities said.

On the downside, the area between 18,133 and 18,080 represents a significant demand zone. As long as Nifty trades above 18,080, the general bullish texture will hold, but below 18,080, we can anticipate a short-term trend reversal,” Santosh Meena, Head of Research, Swastika Investmart Ltd., said.

In the Sensex pack, Bharti Airtel, Sun Pharma, ICICI Bank and Tata Steel were the top gainers, rising about 1%. HCL Tech, Infosys, M&M, Bajaj Finance and Tech Mahindra also opened with gains. On the other hand, NTPC, Axis Bank, L&T and Nestle opened with cuts.

Ahead of its listing, Sula Vineyards was exchanging hands at a discount of Rs 10-15 in the grey market apiece against the issue price of Rs 357.

Tracking an overnight rally in US stocks, domestic benchmark indices opened higher on Thursday. BSE Sensex was trading 232 points or 0.38% higher at 61,300 around 9.18 am while Nifty50 was trading at 18,269, up 74 points or 0.38% at the same time.

Kotak Mahindra Bank’s daily trend is bearish; however, it is trading near the support area. Based on option chain analysis for the January series, the range is between 1800 and 1900. Let’s plan a trade around this for the January series.

Shares of Precision Wires will trade ex-bonus in the ratio of 1:2, while the shares of Zim Lab will go ex-bonus in the ratio of 2:1 Shares of Quint Digital Media will trade ex-rights in respect of its rights issue of 42:37 offered at a price of Rs 50 per share. Supreme Infrastructure’s board will meet for its quarterly results.

The markets on Wednesday were in a strong corrective mode, slipping into negative territory at the end of the day. Indian markets are likely to remain in a defined range as global markets are showing stability.

Nifty futures on the Singapore Exchange traded 95.5 points, or 0.52 per cent higher at 18,345.5, signaling that Dalal Street was headed for a positive start on Thursday. Here are some stocks which may buzz the most in today's trade.