The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.

Closing Bell: Sensex snaps 4-day losing streak; gains 160 points; Nifty tops 18,600; BoI rallies 9%, BoB 6%

A sweeping victory for the Bharatiya Janata Party in Gujarat assembly elections did little to lift the mood in Dalal Street, as the hawkish view of RBI on inflation Wednesday played on the minds of investors

Adani's flagship Adani Enterprises, which has more than doubled in 2022 itself, has also been India's most consistent performing stock during 2017-22. It has outperformed the BSE Sensex in all the last 5 years and has the highest price CAGR of 97%.

The BJP was all set for a landslide victory in Gujarat where the party has not lost state assembly elections since 1995. However, the BJP looked set to lose control of Himachal Pradesh with outgoing Chief Minister Jairam Thakur conceding defeat.

TCS (Rs 9,548 crore), Infosys (Rs 5,795 crore), HDFC Bank (Rs 4,108 crore) and Bajaj Finance (Rs 3,614 crore) were the other top wealth creators on the list. Adani Transmission, which made investors richer by Rs 2,538 crore during the last 5 years, is the only Adani group stock in the top 10 list.

The index dropped for a fourth straight session on Wednesday on rising concerns over a slowdown in economic growth ahead of a slew of interest rate decisions from major central banks next week.

However, analysts have a mixed opinion on the counter as a few suggest holding the counter for the long term, whereas others suggest profit booking, either on a partial or full basis.

After the Q2 earnings, a host of brokerage firms have initiated coverage on several stocks across various sectors, including banking, logistics, consumer durables, financial services, FMCG, and retailing. They majorly have a positive view of these counters and seeupside potential between 15-38% in the coming months. Here are as many as eight stocks where brokerage firms have initiated coverage:

In Japan, chip-making equipment maker Tokyo Electron lost 0.94%, game and audio equipment maker Sony Group fell 1.93% and robot maker Fanuc slipped 0.6%.

Finbridge Expo is India’s leading exhibition and conference, catering specifically to the financial services and technology industry.

While NIFTY continues its upward journey and forms a new high, the market is getting into stock specific mode as some voices of caution also start to pour in. The primary reason being that if a correction happens, then it is a select set of stocks which would be able to hold their head above water. 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.

In the NSE list of stocks, five stocks with a market cap of over Rs 100 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on December 7. Take a look:

There are positive factors favouring India, such as relatively benign inflation compared to world economies, strong domestic growth, robust consumption trends, strong earnings growth expectations, and the easing of commodity prices in the recent months, with a sharp decline in brent crude prices from $110 to now below $80, is like a cherry on the cake.

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.

Shares of Sun Pharmaceutical on Thursday lost up to 3.5% to hit the day's low at Rs 981.50 in morning trade after the company told stock exchanges that its Halol facility in Gujarat had been placed under 'Import Alert' by USFDA.We now wish to inform you that the Company received a communication from the USFDA stating that the facility has been listed under Import Alert," Sun Pharma said in a regulatory filing.

It has a major presence in Mumbai Metropolitan Region (MMR) and Pune property markets, while recently making an entry into the Bengaluru market with one housing project.

In the Nifty500 pack, five stocks crossed their previous 5-year high value at the close on December 7, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look

The company has around 48 stores and is constantly on the prowl to add more stores. Its strategy to further diversify its product range will likely make it synonymous with luxury, the note said.

The S&P BSE Sensex fell more than 200 points while the Nifty50 closed below 18,600 levels on Wednesday.

Traders are awaiting the election results from Gujarat and Himachal Pradesh, which may have a sentimental impact on the markets.

Sensex, Nifty start flat as assembly election trends pour in; BLS Intl, Lumax India surge 5% each, L&T up 1%.

"Sumitomo Chemical would continue to enjoy premium valuations versus domestic peers, given its superior earnings growth outlook, its strong parental advantage, and a robust balance sheet (Rs. 800 crore of cash & cash equivalents as on September 30, 2022)," Abhijeet Bora, deputy vice-president, research, Sharekhan by BNP Paribas, said.

The agrochemical player debuted at a premium of 12% per cent at Rs 266.05 as against the given issue price on the National Stock Exchange (NSE).

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.

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 Power Grid and United Spirits while Kunal Bothra has a buy/sell recommendation on Hikal and PFC for today's trading session. Check out the targets and stop-loss.

According to him, Rs 80 will act as a crucial make-or-break level for the stock, because if this is breached, it can see a swift run up to Rs 94-95 levels. Rout of Prabhudas Lilladher is equally bullish on the stock, and has a medium-term target of Rs 61-64, with positional target of Rs 80-85.

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.