"Banks had taken board approvals to raise capital this fiscal and they are now tanking up as the busy season approaches. This is probably the last tranche of Tier 1 issues by public sector banks for this fiscal and this keeps them ready for the likely increase in loan demand in the fourth quarter," said a banker aware of the transactions.

The government is keeping a close watch on inflation to ensure that there's no price surge, Sitharaman told the Rajya Sabha in her reply to the discussion on the first batch of the supplementary demand for grants for FY23. The Rajya Sabha approved the demand, authorising the government to spend an additional ₹3.25 lakh crore in FY23.

External members believe that the worsening economic conditions, influenced by the global slowdown and past rate increases since early summer, require the MPC to pause and assess conditions before continuing on the path of further rate tightening, minutes of the last MPC show.

Short-term traders, who missed the rally, can look at buying the stock now or on dips for a possible target of Rs 149-154, suggested experts

"I note that the noticee (RCFL) was required to submit to the stock exchange on a half-yearly basis along with the half-yearly financial results, a statement indicating material deviations, if any, in the use of proceeds of issue of debt securities and non-convertible redeemable preference shares from the objects stated in the offer document," Sebi's adjudicating officer G Ramar said in his order.

That's the blunt message from top strategists at Morgan Stanley, Goldman Sachs Group and others, who are warning that stocks face fresh declines in the first half as corporate earnings succumb to weaker economic growth and still sky-high inflation, and central banks remain staunchly hawkish.

At 10:08 a.m. ET, the Dow Jones Industrial Average was up 371.79 points, or 1.13%, at 33,221.53, the S&P 500 was up 39.44 points, or 1.03%, at 3,861.06, and the Nasdaq Composite was up 103.79 points, or 0.98%, at 10,650.91

Between November 16 and 30, when benchmarks rose to record high levels, foreign fund inflows logged Rs 7350 crore

"Stock prices of Shipping Corporation witnessed a good buying interest earlier this week as the stock witnessed a sharp upmove with high volumes which led to a breakout from its previous swing high resistances," Ruchit Jain, Lead Research, 5paisa.com, said

​The promoter sold 58,85,000 shares of the company at Rs 679.20 per share, bulk deals data on the National Stock Exchange showed

Through the sale the entities are looking at raising close to Rs 650 crore.

The Dow Jones Industrial Average rose 178.35 points, or 0.54%, at the open to 33,028.09

The latest sale of 1% stake by the Burman family in Dabur, which fetched around Rs 1,000 crore, is viewed as a step towards increasing holding in Eveready to over 50% from 43%, which may also result in reducing debt

Weighed down by the selling, shares of Just Dial ended nearly 3% down at Rs 589.85 on the BSE

Eligible investors will be entitled to get 1 share against every 2 shares they hold in the company

CLSA had also upgraded Paytm last month saying that cash burn could end in another four to six quarters

On the lower end, the index may extend the correction towards 18,070; below that, the index may fall towards 17,800. On the higher end, 18,350 may act as critical support, and the market may remain sell-on-rise till Nifty remains below 18,350.

Benchmark index Sensex crashed about 635 points to end at 61,067 on Wednesday. Despite this free fall in the markets, nine stocks from the BSE 500 index managed to touch their 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.

Indian shares swung to losses on Wednesday as the market registered its slowest trading day on record, ahead of the release of the Reserve Bank of India's (RBI) latest policy meeting minutes and key US macroeconomic data. The Nifty50 ended 1.01% lower at 18,199.10 and the S&P BSE Sensex fell 1.03% to 61,067.24. Both benchmarks had risen nearly 0.5% during the session.“The bears retaliated with a very aggressive attitude. As a result, Nifty Bank gave away the gains of almost 15 trading sessions and is back near the 42500 mark. Meanwhile, Nifty is still hovering above the support zone of 18140 – 18100. Once this is broken, we could see a fresh round of selling in the markets. If this support is held, then there is a possibility of bounce but that should be used to sell fresh or exit longs,” Mehul Kothari, AVP – Technical Research, Anand Rathi Shares & Stock Brokers, said.Here are 5 stock recommendations for Thursday:

In the Sensex pack, IndusInd Bank, Bajaj Finserv, Maruti and UltraTech Cement were the top losers, falling over 2%. Tata Motors, Axis Bank, Kotak Bank, Bajaj Finance and SBI also closed with cuts

Equity benchmarks Sensex and Nifty gave up early gains and ended lower by 1 per cent on Wednesday amid a largely weak trend in Asian markets. The 30-share BSE benchmark Sensex tumbled 635.05 points or 1.03 per cent to settle at 61,067. The broader NSE Nifty declined 186.20 points or 1.01 per cent to end at 18,199.10.However, broader markets underperformed their headline indices, with Nifty Midcap 100 ending 1.6% lower. Sectorally, IT and pharma ended with gains up to 2%, while all other indices ended with cuts. Fear gauge India VIX rose 13%Here are the stocks that hogged the limelight in Wednesday’s session:

"Gold price is a little up in the Asian trading hours. Spot gold prices in the Delhi markets traded at Rs 55,261/10 grams, up Rs 192/10 grams," said Dilip Parmar, Research Analyst at HDFC Securities.

In the Sensex pack, IndusInd Bank, Bajaj Finserv, Maruti and UltraTech Cement were the top losers, falling over 2%. Tata Motors, Axis Bank, Kotak Bank, Bajaj Finance and SBI also closed with cuts

“The last two to three years had been tough for Motherson as it was adversely impacted by company-specific issues followed by a tough operating environment, resulting in the stock underperforming the NSE Auto Index by 62%/72.5% over 1 year/3 years,” the brokerage firm said.

Closing Bell: Sensex crashes 635 points; Nifty ends below 18,200; Dr Lal rallies 6%, GIC drops 11%.

Nifty Energy index gained about 18% in 2022, thus ending in the green for the 7th consecutive year. However, the current year's index surge is almost half of the previous year's rally which was about 34% in 2021. For the year, eight out of 10 stocks have given positive returns but only three stocks have outperformed the index, and five stocks have given double-digit returns in 2022, according to data from ACE Equity.Take a look at the key strengths of these 5 stocks on SWOT analysis, according to Trendlyne.com.

The forensic auditor appointed by Sebi in its report indicated that complex layered transactions were executed on behalf of the company and the persons behind such acts were Kulkarni, Kumar and Mulekar, who were the promoter and directors of the firm.

The market saw a bloodbath this year. The S&P 500 is down 19% YTD and the technology-heavy Nasdaq 100 index is down over 30%. The analysts are divided on when these will recover due to concerns about high-interest rates and a continued recession.

Erasing opening gains, BSE Sensex dropped more than 1,00 points from day's high to slip below the 61,000 mark, whereas NSE's barometer Nifty50 plunged about 225 points, slipping to 18,162.

“The near-term market construct is not favourable for equities. The rising Covid cases in the US, Korea, Brazil, and China is an area of concern. The situation is dire in China. This might impact market sentiments,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Axis Bank also surged over 16% in the last three months, while it has risen over 50% in the last six months. Meanwhile, three leading private sector banks, HDFC Bank, ICICI Bank, and Kotak Mahindra, gained 7%, 18%, and 1%, respectively, in 2022.

Nifty Energy index gained about 18% in 2022, thus ending in the green for the 7th consecutive year. However, the current year's index surge is almost half of the previous year's rally which was about 34% in 2021. For the year, eight out of 10 stocks have given positive returns but only three stocks have outperformed the index, and five stocks have given double-digit returns in 2022, according to data from ACE Equity.Take a look at the key strengths of these 5 stocks on SWOT analysis, according to Trendlyne.com.

“This FDC has been launched under the brand name Zita®-PioMet,” the company said in a BSE filing. “This offers patients with Type 2 diabetes the convenience of once-daily dosing to improve their glycemic control and achieve the targeted HbA1c within 24 weeks,” it added.

A recent study conducted on the basis of the latest equity assets under management (AUM) of the MF industry across the investment pattern and time horizon across the investors' categories threw light on some shocking realities.It revealed that almost 30% of retail and high net-worth investors (HNIs), in MFs churn out or rotate their equity and equity-linked investments in less than one year.

The benchmark Nikkei 225 index lost 0.68 percent, or 180.31 points, to end at 26,387.72, while the broader Topix index fell 0.64 percent, or 12.27 points, to 1,893.32.The dollar fetched 132.08 yen, against 131.69 yen in New York, where the greenback slid further after it dropped from a daily high of 137 yen to 133 yen within minutes of Tuesday's BoJ decision in Tokyo.

Financial service space is a big opportunity, but like all other opportunities, it comes with its own risks. Change in the regulatory environment and technology is bringing challenges every day. After a gap of four years, which has seen many ups and downs, a few select segments of this huge sector are getting some tailwinds.

“The BOJ’s greater emphasis on the need to enhance the JGB market functioning suggests to us an increased likelihood that it will abandon the negative interest rate policy,” Goldman Sachs Japan economist Naohiko Baba wrote in a note.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

With the acquisition, Shyam Metalics added 1,50,000 tonnes per annum of stainless steel, wire rod and bar mill capacity. The company will invest Rs 7,500 crore over the next 4-5 years to diversify its metals businesses further, the company said in a BSE filing.

"As the gap in growth and profitability narrows over next 12-18 months, we see headroom for PSU banks to close the gap on valuations with private banks further and believe a valuation gap of around 0.50% is more sustainable," Jefferies said in a note.

"The divergence to the tune of Rs 259 crore consists of 13 borrower accounts (with an outstanding balance over Rs 1 crore ) for an amount of Rs 230 crore and 218 borrowers (with outstanding balance lower than Rs 1 crore) for an amount of Rs 29 crore," the filing added.

The NSE listed Tirupati is engaged in manufacturing closed die forged products like auto component bearings gears and forged flanges of mild steel, carbon steel, and stainless steel among other products.

Investec maintained its buy rating on Union Bank with a target price of Rs 240. The company reported a divergence of Rs 260 crore or 64 bps of advances and no material impact on estimates, it said."Increasing instances of internal lapses - a sign of underlying weakness caused due to Covid. Pressure on further valuations, but the event is backwards-looking," Investec said.

“The BOJ’s greater emphasis on the need to enhance the JGB market functioning suggests to us an increased likelihood that it will abandon the negative interest rate policy,” Goldman Sachs Japan economist Naohiko Baba wrote in a note.

Russia’s invasion of Ukraine, spiralling commodity prices that pushed inflation to multi-decades high in developed economies like the US and Europe, steep monetary tightening measures by central banks to tame inflation were the factors behind FIIs pulling out money from the risky asset class.

Earlier a company was prohibited from buying its own shares. In 1998-99, the laws changed, both the Companies Act and Sebi guidelines made provisions for companies to buyback their own shares. Indian regulations require companies to cancel the shares that it buys back unlike in some other countries where it’s allowed to keep those shares alive on its own balance sheet.

Amid rising global recession fears, Dalal Street remains to be volatile in the fag end of the year. Analysts, however, believe that stock-specific actions are likely to remain high on bourses and a handful stocks are on the verge of breakout on the technical charts. Based on their recommendations, here are a seven stocks that can deliver strong returns in next six to eight weeks:

Investec maintained its buy rating on Union Bank with a target price of Rs 240. The company reported a divergence of Rs 260 crore or 64 bps of advances and no material impact on estimates, it said."Increasing instances of internal lapses - a sign of underlying weakness caused due to Covid. Pressure on further valuations, but the event is backwards-looking," Investec said.

The cement industry is witnessing a demand revival with improvement in labor availability and rural demand, government’s thrust on infrastructure (aided by pre-election govt. spending), and steady demand from the housing segment.

In the domestic equity market, the 30-share BSE Sensex was trading 255.63 points or 0.41 per cent higher at 61,957.92. The broader NSE Nifty rose 67.15 points or 0.37 per cent to 18,452.45.