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.

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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.

Keeping the inflation dynamics in mind, the central bank raised its projection on headline inflation based on the consumer price index for the current quarter and the next quarter by 10 basis points each to 6.6% and 5.9%, respectively.

If a company chooses to pay dividends, it can distribute them quarterly or annually. A few companies also offer special dividends when they have made exceptional profits. This is paid on an irregular basis. If the dividend is declared between two annual general meetings, it is called the interim dividend.

As volatility tightens its grip on Dalal Street, Indian equity markets have corrected from their recent peaks lately. However, market analysts suggest that a number of stocks are on the verge of breakouts on a technical basis and are likely to deliver strong returns in the near term. Based on their recommendations, here are eight stocks that may rally in the coming week:

The company board authorized officials to take necessary steps for availing the exercise of the ‘right of conversion’ of 28,13,050 compulsorily convertible cumulative preference shares of Hanuman Agrofood.

The six-member Monetary Policy Committee (MPC) with a five-to-one majority increased the repo rate. Since May, RBI has hiked the repo rate by 225 basis points.

The company has appointed investment banks Jefferies and Kotak to manage the deal, said the sources, declining to be identified as a deal is likely to be launched in stock markets this week.

In this complex world with both push and pull factors at play, the rate of the Indian rupee, which is market-determined, should be allowed to find its level, and that is what we have been striving to ensure, he said while asking investors to make an objective assessment of the movement of the INR in the context of global and domestic macroeconomic and financial market developments.

Recently, the stock gave a breakout from Ascending Triangle pattern, as well as the consolidation zone from 2007-2022 on the monthly charts adding to the bullish bias. Short-term traders can look to buy the stock for a target of Rs 130-165 in the next 6 months, which translates into an upside of about 50% from Rs 87 recorded on December 6.

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.

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.

Barring FMCG, all sectors were trading in the negative. Among rate-sensitive sectors, Nifty Bank lost 0.37%, while Nifty Auto was down 0.75%. Nifty Realty was the top loser, as it lost 1.5%.

Six stocks with a market cap of over Rs 1,000 crore are witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day simple moving averages (SMA) crossed below their 200-day SMAs on December 6. Take a look:

Crypto wallet maker Ledger has partnered with Tony Fadell, the well-known creator of Apple’s iPod and the co-founder and former CEO of thermostat company Nest, to create its Ledger Stax hardware wallet.

The repo rate hike decision was taken by a majority of 5 out of the 6 members of the Monetary Policy Committee.

Amid a rising interest rate cycle and depreciating rupee, FIIs have been net sellers of Indian equities to the tune of Rs 1.25 lakh crore in 2022. December could be the fourth month of positive inflows but it could depend a lot on the outcome of the US Fed meeting on December 14.

Sensex flat ahead of RBI rate decision; Nifty tests 18,650; Siemens jumps 5%, 5Paisa 4%.

While bank fixed deposits or FD interest rates are improving, a handful of stocks still offer better dividend yields. In a report, IDBI Capital has come out with 28 stocks with high dividend yields. We filtered the list to come up with PSU stocks that have a current dividend yield of over 6.90%, higher than SBI's FD rate. Five stocks have made the cut. Take a look:

Morgan Stanley maintained its overweight rating on ICICI Bank with a target price of Rs 1250 with an upside of over 35% from Rs 921 recorded on December 6 , 2022.

VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services said talks of longer-than-expected recession have again surfaced and negative comments from influential voices like Jamie Dimon are impacting sentiments.

S&P BSE Sensex fell more than 200 points while Nifty50 closed below 18,700 levels on Tuesday.

Despite a corrective trend, the Nifty managed to stay above the important 18,600 level on Tuesday, with the broader markets offering stock-specific opportunities.

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 SBI while Kunal Bothra has a buy/sell recommendation on Petronet and Tata Power for today's trading session. Check out the targets and stop-loss.

Stocks that were in focus include names like Bank of India which was up nearly 5%, Union Bank of India which gained over 6%, and RCF which was up over 3% on Tuesday.