"The labour market remains tight and there has been evidence of inflationary pressures in domestic prices and wages that could indicate greater persistence and thus justifies a further forceful monetary policy response," the BoE said.

“This is to inform that a meeting of the Board of Directors of Hinduja Global Solutions Limited will be held on Monday, December 19, 2022, inter-alia, to consider a proposal for buy-back of equity shares of face value of Rs 10 each of the company, including matters related / incidental thereto,” said the company’s filing with the exchange.

Fear gauge index India VIX was up by 6.62% from 12.88 to 13.73 levels. Volatility spiked from lows as market reacted sharply on the negative side after a long time but overall it has been hovering at lower levels from the last two months.

The total number of shares to be bought back in the repurchase will be up to 17,14,285 units, representing 3.38 % of the total shares in the paid up equity share capital of the company

The brokerage firm's head of research Neelkanth Mishra said the country will grow at 7 per cent in FY24, as against the consensus estimates which peg the real growth to slip below 6 per cent.

These services include account opening with e-KYC, AEPS mini statements, passbook printing, savings bank deposits, fixed deposits, recurring deposits, remittances, micro pensions, and micro insurance. The company said the 'sustained' recovery of BLS’s visa and consular business and the winning of new tenders were 'major' contributors to the 87 per cent year-over-year growth in the operating revenue in Q2, 2022.

The benchmark BSE Sensex fell 879 points to 61,799, while the broader NSE index lost 265 points to settle at 18,415, dragged by a broad-based decline across sectors, after the US Federal Reserve signalled that the interest rate hikes might continue for longer than expected.Here are the stocks that hogged limelight in Thursday’s trade:

The energy transition is real, irreversible and gaining momentum. Amidst this, the demand for power in India is on a sustained growth path with the generation mix balancing between sustainability and security, said JM Financial.

“The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike,” said Vinod Nair, Head of Research at Geojit Financial Services.

Sensex tanks 879 points; Nifty below 18,500; TechM drops 4%, Titan 3%.

With the US Fed indicating that it will prefer to stick with hawkish stance rather than dovish stance. Global markets have corrected, in this correction it is large cap stocks which have high probability of performing better on a relative basis. 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.

"I think that the Fed Governor is not that far away from that reality which is that at the end of 2023, we probably will see substantial economic slowdown, a discernible pick up in our employment rate which would pave the way for interest rate cuts in 2024," says Taimur Baig, DBS Bank.

The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This period saw rising valuations as the Indian equity market rose by over 5% with Nifty and Sensex at record highs.

"We continue to remain overweight on banks and NBFCs and cement despite the negative impact of USD/INR, primarily due to the expected turnaround in construction," Credit Suisse in its India market strategy report for 2023.

On the daily charts, Dabur formed a Pole and Flag pattern which is also a bullish continuation pattern. Most of the technical indicators suggest that the momentum is likely to continue on the higher side.

The research firm further stated that "we had been concerned about their post moratorium capital structure, ability to improve their liability franchise and retaining their existing employees, given that the organization needs time to recover."

In a regulatory filing, Dilip Buildcon said that the order is for the construction of 10.559 km elevated viaduct and 11 stations from Bheshan dead end to Majura gate station, including the viaduct ramp to depot entry near Bheshan for Surat Metro Rail Project Phase - 1, Corridor-2.

In the latest round of rejig of the 30-share pack, Tata Group's automobile arm Tata Motors will replace the drug major Dr Reddy's Laboratories, said an report from Nuvama Alternative and Quantitative Research.

U.S. stocks closed lower in volatile trading overnight, following a policy announcement by the Fed that raised interest rates by an expected 50 basis points, but its economic projections see higher rates for a longer period.

Mukesh Ambani-led Reliance Industries made investors wealthier in 2022 as its shares added 10% despite the hit on earnings growth due to the government’s additional cess on fuel exports. Reliance Industries' market cap rose by Rs 1.7 lakh crore this year and stood at Rs 17,69,240 crore as on December 14, 2022. However, the year turned out to be an unlucky one for its listed subsidiaries as most of them gave double-digit negative returns.Here's a look at how Mukesh Ambani's Reliance group's listed companies have performed during the year 2022. (Data Source: ACE Equity)

Investors were worried after Powell said it will take substantially more evidence to give confidence that inflation is on a sustained downward path. The dot plot has shifted higher as the Fed appears to be pushing back on the market’s expectation that they will eventually cut rates at the end of next year.

Credit Suisse’s India Equity Strategist Neelkanth Mishra said once monetary tightening in the US starts to weaken the labour market, IT services firms would also see earnings cuts. In our view the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector.

Natural gas continuously faces resistance to the falling trendline. Is the best over for it in short term.

Axis Capital, Citigroup Global Markets, Goldman Sachs and JM Financial are handling the OFS. It is part of the government’s disinvestment target. The Centre aims to raise Rs 65,000 crore through divestment in 2022-23 (April-March).

The global brokerage firm believes that the deposit rate war brewing is on the expected lines and margins will peak out in Q3FY23. HDFC Bank and ICICI Bank are its top picks.

The one smallcap stock that stole the heart of most of the fund houses was Bikaji Foods. The top 4 funds bought shares of the company worth more than Rs 100 crore in November, according to the data compiled by Systematix Shares & Stocks.

Tech titan Infosys turns 40 years old and its journey have been nothing short of incredible. From its humble beginnings in the eighties to a company with market value of over 70 billion dollars. Mirror Now's Tamanna Inamdar traces Infosys' journey. Watch!

Polycab India is the market leader in wires and cables (W&C) industry with 22% share in the organized space. It boasts of an extensive product portfolio and has wide distribution reach with retail touch points of 2,05,000 - second only to Bajaj Electricals.

The company reported a 482% jump in net profit in the nine months through September as its average selling price more than doubled and coal sales volume jumped 41%. Forecasts from five analysts compiled by Bloomberg suggest another 42% upside in stock prices over the next 12 months.

Credit Suisse’s India Equity Strategist Neelkanth Mishra said once monetary tightening in the US starts to weaken the labour market, IT services firms would also see earnings cuts. In our view the point at which the job market in the US starts to show pressure, and company management begins to talk about weak order flow would be a good time to take a fresh look at this sector.

"Polycab aims to achieve Rs. 20,000 crore revenue in FY2026E. The multi-pronged strategy of increasing distribution, in-house manufacturing as well as backward integration is expected to keep its high-growth trajectory intact," Khadija Mantri, AVP Research at Sharekhan by BNP Paribas, said.

In November 2022, mutual funds (MFs) showed interest in oil & gas, banks and technology stocks, leading to a month-on-month (MoM) increase in their weights. In contrast, MoM moderation was observed in auto, healthcare, capital goods, retail, consumer, utilities, chemicals and consumer durables. Here is a list of six sectors where MFs increased their weights, according to a report by Motilal Oswal:

Sensex falls 150 pts, Nifty below 18,650; Dish TV gains 5%, IRCTC sheds 5%; IT pack falls most; PSU banks continue to shine.

“Even though the Fed downshifted the rate hike to 50 bp as expected, the tone of the commentary was unexpectedly hawkish. The FOMC statement, “the ongoing hikes will be appropriate to reach a sufficiently restrictive stance that returns inflation to 2% over time” is hawkish but the market seems to ignore this expecting inflation to cool down earlier than Fed’s expectations,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on BEL and SBI while Kunal Bothra has a buy/sell recommendation on SBI and Piramal Enterprises for today's trading session. Check out the targets and stop-loss.

PNB Housing: Buy | Target Rs 507 | Stop Loss Rs 455 | The stock has an ascending triangle breakout.

Stocks that were in focus include names like UCO Bank which was up over 14%, Bank of Maharashtra which gained over 4%, and IOB which was up more than 5% on Wednesday.

Shares of Rashtriya Chemicals will trade ex-dividend in respect of its interim dividend (Rs 1.6 per share) and final dividend (Rs 2.5 per share) today. Also, shares of Sukhjit Starch (Rs 8 per share) and PTC India (Rs 5.8 per share) will go ex-dividend today.

The Nifty gained modestly on Wednesday, keeping its head above the important 18,600 level, which augurs well for it. The weekly options expiry and the US Fed’s decision are two developments the markets need to take into account.

The ECB was also due to lay out plans to stop replacing maturing bonds in its 5 trillion-euro portfolio, reversing years of debt purchases that have turned the central bank into the biggest creditor of many euro zone governments.

Shares of Tesla, the world's most valuable carmaker, is one of the worst performing stocks among major automakers and tech companies this year, as investors worry that Musk's purchase of Twitter could divert his time away from Tesla.

Nifty futures on the Singapore Exchange traded 15.5 points, or 0.08 per cent, lower at 18,734.50, signaling that Dalal Street was headed for a negative start on Thursday. Here are some stocks which may buzz the most in today's trade.

Fed Chair Jerome Powell said on Wednesday that the central bank will deliver more rate hikes next year even as the economy slips towards a possible recession, arguing that a higher cost would be paid if the U.S. central bank does not get a firmer grip on inflation.

Investors are also increasingly concerned that his antics could hurt brand and sales of Tesla, the world's top electric carmaker which faces increasing competition.

The Fed adopted its 2% inflation target in 2012 amid a similar push by other major central banks, believing that it best defined price stability, which it is legally mandated to achieve. Officials have argued that the target level is the sweet spot: Any lower and price pressures might run the risk of tipping into negative territory, or what economists call deflation, which is damaging to an economy.

Hindalco Industries’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses and shown some correction. Based on option chain analysis, the range is between 440 and 490. This is a wide range. Using the PCR ratio, it is at 0.5. RSI is above 60 and showing bullishness. Let’s plan a trade around that.

The Federal Reserve reinforced its inflation fight Wednesday by raising its key interest rate for the seventh time this year and signaling more hikes to come. But the Fed announced a smaller hike than it had in its past four meetings at a time when inflation is showing signs of easing. The Fed boosted its benchmark rate a half-point to a range of 4.25% to 4.5%, its highest level in 15 years. Though lower than its previous three-quarter-point hikes, the latest move will further increase the costs of many consumer and business loans and the risk of a recession.

In comments after the statement, Fed Chair Jerome Powell said it was too soon to talk about cutting rates as the focus is on making the central bank's policy stance restrictive enough to push inflation down to its 2% goal.

State Bank of India said its board has approved Rs 10,000 crore capital raising plan through Tier I bonds. The fund raising through Additional Tier 1 capital up to an amount of Rs 10,000 crore is subject to approval from the government.

Poonawalla Housing Finance is a lender in the affordable segment of the housing finance market with 128 branches across India. It had its assets under management at Rs 5612 crore at the end of September. It made a net profit of Rs 33 crore in the second quarter of FY23.