The Dow Jones Industrial Average rose about 1%, the S&P 500 gained 1.7% and the Nasdaq Composite added 2.4%.

"UBL has been trading in a steady up trend since March 2020. Positional traders and short-term investors can accumulate in the given range of Rs 1760-1780," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

The company will utilise at least 50% of the amount set aside for the buyback of shares

​​The share issue will translate into 5.9% stake each for both the PE firms in the private sector lender. Their stake will go up to around 10% after the conversion of the warrants

The entity is managed and controlled by US-based private equity firm General Atlantic.The shares were sold at an average price of Rs 1,810.09 apiece, taking the transaction value to Rs 564 crore.Post the latest transaction, General Atlantic's shareholding in the company will reduce to 17.46 per cent from 20.96 per cent.

The Dow Jones Industrial Average rose 555.64 points, or 1.65%, at the open to 34,546.65

Benchmark U.S. Treasury 10-year note yields - which move inversely to prices - dropped by about 15 basis points just after the data and then climbed to about 3.5%, still about 7 bps lower than their level ahead of the release.Two-year-yields fell over 15 bps to then climb to 4.26%, still 9 bps lower than prior to the release.

Rent inflation may be moderating sooner than many feared. The annualized monthly rate of core inflation was only 2.4% in November, down from 3.5% in October, and way lower than the 7.2% in September. If the inflation numbers stay where they are, we're already close to peak tightness for where monetary policy should be

The core rate which excludes volatile food and energy prices is expected to have increased 6.1%, after a 6.3% rise in October.Money market participants now see an 89% chance that the Fed will increase the benchmark rate by 50 basis points on Wednesday, with the rates peaking in May 2023 at 4.98%.

Benchmark index Sensex closed higher by about 400 points at 62,533 on Tuesday. During this rally, 8 PSU banking stocks 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.

Valuation of Sensex is the highest among the emerging market peers, all of whom are trading at 0.9-1.7 times their 1-year forward price-to-book value, the brokerage said in a note

The consolidation of Housing Development Finance Corporation and unit HDFC Bank will create a more than $200 billion financial services behemoth, and the parent will be able to tap the bank’s deposits to grow, rather than pile on more debt

Equity benchmark Sensex notched up smart gains on Tuesday after a two-day losing run as investors accumulated IT, finance and energy stocks in the wake of encouraging retail inflation data. After a subdued opening, the 30-share BSE Sensex gained momentum as the session progressed to close 402.73 points or 0.65 per cent higher at 62,533.30.Similarly, the broader NSE Nifty advanced 110.85 points or 0.60 per cent to end at 18,608.“Nifty is witnessing a minor bounce back within the short-term consolidation. On December 12, the index had taken support near 18350 & hereon, the index has taken an intermediate leap. On the way up, it crossed a falling trendline but halted near the hourly upper Bollinger Band. Also, the daily chart shows that the index has moved up to retest the lower channel line after the recent channel breakdown,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said.Here are 6 stock recommendations for Wednesday:

Benchmark indices ended in the green on Tuesday after retail inflation dipped below the RBI's upper tolerance level of 6 per cent for the first time in 11 months in November. . Nifty added 0.6% or 111 points to end at 18,608, while Sensex climbed 402 points or 0.65% and settled at 62,533. Sectorally, public sector banks continued their winning run and added another 4%, while FMCG and Realty packs ended in the red.Here are the stocks that hogged the limelight on Tuesday:

India VIX was down by 3.28% to 12.88 levels from 13.31. Volatility dropped to its multi-month low and has been hovering at lower levels from the last two months.Option data suggests a trading range in between 18,300 and 19,000 zones, while an immediate trading range in between 18,400 and 18,750 zones.

At present, the top five discount brokers account for 59.1% of overall NSE active clients, up from 58.9% in October 2022. Zerodha remained the top broker with a 24 bp rise in market share to 18.3%; however, it reported a 0.5% MoM decline in its client count to 66 lakh.

Among Sensex stocks, IndusInd Bank, Bajaj Finance, TCS, HCL Tech, M&M and Infosys were the top gainers, rising around 1.5-2%

The BSE Power index is the best-performing sector among all sectoral indices for the year 2022. 7 of 11 power index stocks gained over 25 percent. It includes three stocks from the Adani Group. Adani Power tops the list with a gain of over 200 percent in a year. Most of these stocks have more strengths than weaknesses, according to the SWOT analysis. Take a look at the key strengths of these stocks, according to Trendlyne.com.

Closing Bell: Sensex snaps 2-day losing streak, jumps 403 points; Nifty tops 18,600; Dhanlaxmi, Central Bank zoom 18% each.

The bankers declined to be named as they are not authorized to speak to media. The Reserve Bank of India did not reply to an email seeking comment.The central bank had in October informally communicated to banks to halt building new positions in the NDF market to manage the rupee's volatility. The rupee had dropped to record low of 83.29 in October.

In November, mutual funds deployed Rs 1,700 crore and alongside FIIs bought Rs 34,900 in the Indian secondary market. Key additions by MFs in November were in HDFC Bank, Axis Bank and Archean Chemical, whereas they trimmed holdings in ICICI Bank, HCL Technologies and Kotak Mahindra Bank. Here is a list of the top 10 stocks where MFs increased their portfolio, according to a report by Nuvama Institutional Equities:

The scirp has surged as much as 32% in the last three sessions from Rs 17.4 levels on Thursday, December 8. It has gained about 50% in about three months, whereas it's up 67% in the six-month period.Investors are hopeful about the fresh developments of private sector lenders. Besides, Yes Bank bank is eyeing fresh investments by Carlyle Group and Verventa Holdings.

The Nikkei ended the day up 0.4% at 27,954.85, after hitting a high of 28,116.56, a level not seen since Dec. 1, but then gradually pared those gains during the morning session and traded mostly sideways in the afternoon.

"Based on how macro things play out, we expect Nifty to trade in a range from 17K-20K. In our base case we value Nifty at 21.5x near +1SD to its long-term average with a target of 19.5K," BofA analyst Amish Shah said in a report.

Alec Young, chief investment strategist at MAPsignals, said that while “retail might have it right,” the professionals’ caution is warranted because consumer price index data will be released Tuesday, a day before the Federal Open Market Committee rate decision and both have driven big market moves.

The company has been absorbing a significant portion of the increased costs, but the steep rise in overall input costs has compelled it to pass on some proportion through this minimal price hike,” the automaker said in a release.In the quarter ended September, Tata Motors’ India business witnessed an over 33% year-on-year (YoY) rise in input costs to Rs 9.674 crore. Raw material cost as a percentage of sales was 65% in the quarter.

Out of the 12 crore users, about 42% fall in the 30-40 age bracket, followed by 23% in the 20-30 and 11% in the 40-50 age bracket. Since 2008, the highest annualised growth of 31% has been recorded in the age bracket of 30-40. About 20% of the new additions came from Maharashtra, followed by 10% from Gujarat and 9% from UP.

Domestic equity markets have been in corrective mode lately as the benchmark indices have seen a sharp profit booking in the last few sessions, keeping traders on tenterhooks. However, brokerage firms see enough money-making opportunities in a number of stocks. Based on their recommendations, here are some top picks from brokerage firms where traders can initiate buying for short-term gains:

Which brings the focus to flows. FIIs have sold close to $20 billion in CY22 but were buyers for four of the past five months. In comparison, equity fund flows into mutual funds (including ETF) have topped $45 billion, a massive increase over previous years, save for a nuance. Non-SIP flow in mutual funds has been negative for four of the past five months.

The company board has approved sub-division of equity shares in a 1:5 ratio. This means that every share with a face value of Rs 10 each will be divided into five equity shares of a face value of Rs 2 each.

This order is for civil and structural works at the Panipat Refinery Project complex. The company has secured orders from Indian Oil for the construction of civil and structural works in Panipat, Haryana, the filing further added.

Given the net worth of Rs 13,564 crore, the maximum buyback of Paytm from the tender route can be Rs 3,391 crore and the maximum buyback through the open market can be Rs 2,035 crore. If Paytm wants to avoid a special resolution, it will have to do a buyback of less than 10% of net worth, which comes close to Rs 1,356 crore, according to a report by ET Now.

Following the development, brokerage firm Jefferies said, "If the acquisition fructifies, it will enable Dalmia to expand its footprint into the Central Region and add one more region to its vision of emerging as a pan India cement player. Deal timelines, additional required capex, limestone reserves are key for the company.”

The Rs 552-crore initial public offering (IPO) of Landmark Cars kicked off for subscription on Tuesday, December 13. Investors can subscribe to the issue in the range of Rs 481-506 apiece till Thursday, December 15. Here's what company's top management had to say. Listen in.

Mutual funds owning shares of Medanta chain of hospitals operator Global Health includes Axis Mutual Fund, Franklin Templeton, Kotak, Motilal Oswal and HDFC AMC. Shares of the hospital stock are trading higher by over 34% from its IPO issue price of Rs 336.

As Nifty makes new highs, market breadth in the small cap segment has improved in the last couple of months. Selective small caps are also getting attention in the market. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Select large cap stocks in some sectors have gained attention in the markets once again. Some of them have witnessed a spike after a long period of consolidation. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

Midcap pharma stock to an entertainment company are among mid-cap stocks which have seen their scores moving up and also market sentiment moving in tandem in terms of price inching upward. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

For instance, inheritance within the family to the male members may allow the business to pass from one generation to the next but also create governance issues if there are other shareholders.

The sale is part of Aditya Birla Capital Chief Executive Officer Vishakha Mulye’s efforts to restructure the company’s businesses, which range from asset management to mortgage financing, in order to boost shareholder returns, the people said.

The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comes as the stock has plunged about 75% since its listing last November to emerge as the world’s worst-performing large initial public offering in a decade. The slump also prompted a unit of Japan’s SoftBank Group Corp. — a key backer — to trim its holding.

Short-term traders who missed the bounce can look at buying the stock now or on dips for a target of Rs 285 in the next 3-4 weeks, suggest experts.The stock rallied from Rs 225 recorded on November 11, 2022, to Rs 264 as on December 12 which translates into an upside of over 17%.

Sensex rises over 100 pts, Nifty above 18,500; JP Associates gains 5%, Yes Bank 4%; Most active stocks: YES Bank, PNB, Voda Idea.

“The two macroeconomic data which came yesterday have significant implications for the market. The CPI inflation for November at 5.88 % is below the RBI’s upper tolerance limit. This is good news. But the bad news is that the Index of Industrial Production (IIP) shows a contraction of 4 % in October,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

JP Morgan maintained its overweight rating on Dalmia Bharat with a target price of Rs 1845. Proposed acquisition at attractive valuations which will give Dalmia a pan-India footprint, it said.

“We expect Lemon Tree to deliver a revenue/EBITDA CAGR of 59%/97% over FY22-24 and RoE to improve to 13% by FY24. We are positive on the stock with a target of Rs 110,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Some experts believe that stocks in this space are up for big gains in 2023 in the run-up to the Union Budget for 2023-24 (April-March) in February. This would be the last one ahead of the general elections in 2024, and experts are eyeing a growth-oriented budget from the incumbent government to give further impetus to capital investments.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Jay Thakkar has a buy/sell recommendation on HDFC Bank and AU Small Finance while Kunal Bothra has a buy/sell recommendation on IRB Infra and PFC for today's trading session. Check out the targets and stop-loss.

We have collated stocks from various experts for traders who have a short-term trading horizon.

We are comfortable owning businesses where we could see a reasonable path to profitability and make sense from a capital efficiency standpoint. This has led us to avoid investment in some of the new age companies,said Vinit Sambre, head of equities at DSP Mutual Fund.