Sebi issues Rs 27 lakh recovery notice to individual in L&T Finance Holdings case

SEBI allows FPIs in exchange traded commodity derivatives

What to expect from Thursday’s trade?

Rupee outlook by Gaurang Somaiya, MOSL

Tech View: Rupak De, Senior Technical Analyst at LKP Securities

Consumer confidence is declining rapidly due to the uncontrolled & constant rise in inflation. India had to bear the double whammy effect of a dampening global equity market and rising crude prices as major suppliers like Saudi are unable to boost the output in the short-term. However, the domestic market was able to recover most of the losses due to the strong movement of index heavyweights, PSUs, Metals and Oil & Gas stocks before slipping some gains by the end of the day due to volatile global market.

– Vinod Nair, Head Of Research at Geojit Financial Services

Advance-decline ratio marginally favours losers

Top five gainers & losers from today’s session

FMCG, banks, IT indices bleed over 1% each

India’s biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying using Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common.

OPEC+ begins policy debate as capacity constraints loom

The index has surpassed its key level of 15735 but there is some pressure at higher levels of 15888-16000 .Overall we expect the index to trade in a broader range with capped upside. At current juncture, we are advising to be with selective stocks and one can look for buying opportunity in Reliance, Ultratech and HCL Tech and ONGC.

– Chandan Taparia, Vice President, Equity Derivatives and Technical, Broking & Distribution, Motilal Oswal Financial Services Ltd.

Sensex LIVE Updates: Index erases all losses, trades higher

GoM proposal on 28% GST on casino deferred: ET NOW

Sebi imposes Rs 7-cr fine on NSE, Rs 5 cr each on Ramkrishna, Narain in ‘dark fibre’ case

Sandeep Kumar Gupta, Director for Finance at Indian Oil Corporation, has been picked to head India’s largest gas utility GAIL (India) Ltd, the government headhunter said. The Public Enterprises Selection Board (PESB) selected Gupta, 56, for the post of chairman and managing director of GAIL after interviewing 10 candidates, it said in a post-interview notice.

Global Market Check

Market LIVE Updates: FMCG stocks fall; Future Consumer, Godrej Consumer, HUL among top losers

Indian market valuations appear expensive compared to bond yields. What does this mean?

Expect govt to withdraw duties on steel items once inflation moderates: Sajjan Jindal

Market LIVE Updates: SIS approves share buyback of up to Rs 80 crore

Bernstein raises Reliance Industries target price, sees over 30% upside

Market LIVE Updates: APL Apollo, Tata Steel among top gainers in metal pack

Isha Ambani is set to be named head of Reliance Retail

Market LIVE Updates: Bank Nifty tanks over 1%; all constituents in the red

Japanese chipmaker Renesas Electronics Corp and India’s Tata Motors have formed a strategic partnership to design, develop and manufacture semiconductor solutions for domestic and global markets, the companies said on Wednesday.

Time for caution on bank stocks: BNP Paribas

The sharp pullback witnessed in the US last Friday has lost steam and the markets have again turned weak. The decline in commodity prices last week has not sustained and Brent crude is back to above $117. Even though there is no consensus on whether the US economy will slip into recession or not, there are clear signs of the economy slowing down. But the labour market continues to be strong in the US and unemployment is low at 3.6%. In this context of conflicting signals, markets are likely to remain choppy. Investors should understand the fact that big money is made not by investing in a bull market but by systematically investing through a bear market and waiting patiently for the inevitable bull market. So, invest systematically in high-quality stocks.

– Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services

The rupee has fallen to 79.00 levels much earlier than anticipated as RBI withdraws its hands and with no sellers in the market of the$ and no inflows, today’s opening possibly should be around 79.00 with a range of 78.70 to 79.30 again with a risk to the upside for the pair. Today in the evening we have the GDP data. The rupee seems to be now covering up its earlier slow depreciation and soon we could see a new figure of 80 added up to it. Most Asian currencies have today depreciated and with equities unable to give much relief more depreciation is on the cards.

– Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors

RUPEE AT FRESH LOW

Britannia may name Domino’s Rajneet Kohli as first standalone CEO

Voda Idea, ONGC, MRPL among most active stocks on NSE

Sector Watch: Sea of red…

OPENING BELL: Sensex tanks 500 points on weak global cues, Nifty slips below 15,700; Max India jumps 7%

DBS Bank mulls acquiring stake in IDBI Bank: ET NOW

Asian stocks slip on inflation fears

Oil prices take breather after three-day rally

SGX Nifty signals a negative start

Q4 results today

Tech View: A revisit of 16,000 level likely for Nifty

Tokyo stocks open lower extending US falls on weak data

Wall St slips as consumer pessimism stokes growth fears

Rupee tanks 48 paise to 78.85 against US dollar

Sensex, Nifty on Tuesday

Good morning, dear reader! Here’s something to kickstart your trading day