"After the adverse performance during the last one and a half months, the Indian market has been advancing in the last 2-3 trading days. The trend is supported by the marginal improvement in FII inflows and upside in domestic investments. The domestic investors are adopting a buy on dip strategy,” Vinod Nair, Head of Research at Geojit Financial Services, said.

"The domestic market is attempting to gain, in comparison to its weak YTD performance, which was caused in anticipation of a soft Q3 result & Union Budget. We started the third quarter results on a shaky note, but the latest set of financial announcements from IT and banking blue chips are encouraging

"Bears continue to have the upper hand as the benchmark index Nifty has been posting red candles for the last three days. The Nifty found support around the previous swing low on the daily timeframe. The momentum indicator RSI (14) is in bearish crossover, suggesting weak price momentum for the near term. Going forward, 17,770 is likely to act as support for the falling Nifty," says Rupak De, Senior Technical Analyst at LKP Securities

Domestic equities struggled to maintain the 18k zone after minutes from the mid-December meeting showed that US Fed officials agreed to slow the pace of rate hikes but continued to maintain hawkish views until inflation came within control. Nifty opened positive but drifted below 18,000 levels and went into negative territory,” Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said.

Balaji Amines is a multibagger stock with a three-year return of over 800%. Nevertheless, in the last one year, the stock has been a laggard with a negative return of over 22%.

Shares of Infosys (Rs 16.5 per share), Bhansali Engineering (Re 1 per share), L&T Technology (Rs 15 per share), ICICI Lombard (Rs 4.5 per share), KSolves India ( Rs 4.5 per share) and Steel City (Re 1 per share) will trade ex-dividend.

SBI Cards, Indus Towers, Tata Chemicals, REC, Aditya Birla Sun Life AMC, V-Guard Industries, Balaji Amines, Anupam Rasayan, TMB PNB Housing, Latent View and CE Infosystems is among the companies that will announce their results for September 2022 quarter today.

Some of the important results to be announced this week are of CG Consumer, Gland Pharma, IIFL Finance, Balaji Amines, Indus Towers, CE Info Systems, PNB Housing, SBI Card, Tata Chemicals, Apex Frozen, Bandhan Bank, Blue Dart, MRPL, Maruti Suzuki, NIIT and Vedanta among others.

Net Sales are expected to increase by 29.01 percent Y-o-Y (up 1.19 percent Q-o-Q) to Rs 678.2 crore, according to KR Choksey.

The company said Phase 1 of 90-acre Greenfield Project has been completed and the Di-methyl Carbonate (DMC)/Propylene Carbonate (PC) and Propylene Glycol (PG) Plant will be ready to commence commercial production by the end of September 2022.

The century old private lender Tamilnad Mercantile Bank will make its debut at Dalal Street on Thursday. Its had raised Rs 831.6 crore via its IPO between September 5-7 by selling its shares in the range of Rs 500-525.

Balaji Amines Ltd. key Products/Revenue Segments include Aliphatic Amines & derivatives and Income from Rooms, Restaurants & Other Services for the year ending 31-Mar-2021.

Out of 340 stocks, which continued to be a part of the BSE500 index for over 10 years, 210 have outperformed the benchmark. Meanwhile, 85 of them have delivered a return of 1,000 per cent or even more.

So far in 2022, about 63 companies have filed draft papers with Sebi, while 17 companies, including LIC, have raised about ₹41,140 crore from the IPOs. About 71 companies which have received Sebi approval are waiting for a better time to launch IPOs.

Walmart jumped 5.7 per cent and after the nation's largest retailer reported strong results that easily topped analysts' forecasts. Home Depot rose 3.2 per cent after also reporting better-than-expected results. The gains from both companies did much of the heavy lifting for the Dow.

Balaji Speciality Chemicals manufactures niche chemicals such as ethylene diamine, piperazine anhydrous, diethylenetriamine, aminoethyl ethanolamine and aminoethyl piperazine, using the monoethanol amine process.

The offer consists of a fresh issue of equity shares worth Rs 250 crore and an offer for sale of 2.6 crore shares by certain existing and eligible shareholders of Balaji Speciality Chemicals.

Vedant Fashions is coming out of 6 months of consolidation with heavy volume followed by a breakout of Bullish Flag formation. However, the recent move is a little stretched therefore some pullback can't be ruled out but that will provide a good buying opportunity.

Indoco Remedies has broken out from the consolidation with jump in volumes. It has also broken out from downward sloping trendline on the weekly charts.

Shares of Banas Finance will turn ex-rights today. The company had announced a rights issue of 24 shares for every 25 shares held, offered at Rs 20 apiece.

Today is the record date for Baid Leasing and Finance Company to ascertain the eligibility of shareholders entitled to issue bonus shares of the company in the proportion of 1:1.

KR Choksey is bullish on Balaji Amines has recommended buy rating on the stock with a target price of Rs 4313 in its research report dated May 13, 2022.

Among Sensex stocks, Tech Mahindra rose 1.7 per cent to Rs 1,263.70. Tata Steel advanced 1.43 per cent to Rs 1,182.05. HDFC, Bajaj Finserv, Power Grid, Bharti Airtel and UltraTech Cement rose up to 1.2 per cent. ICICI Bank and HDFC Bank added up to 0.6 per cent.

Shares of Thyrocare Technologies and Rakesh Jhunjhunwala- promoted Aptech will become ex-dividend today. Thyrocare had announced a dividend of Rs 15 per share. Aptech had also announced a dividend of Rs 5 per share. Rakesh and Rekha Jhunjhunwala held a 23.4 per cent stake in this company as of March 31.

Asian stocks opened slightly lower on Wednesday, before turning mixed and steadying after losses from Wall Street's rout on fears of economic risks from surging inflation. MSCI's index of Asia-Pacific shares outside Japan was up by 0.04 per cent.

Adani Ports, PNB, Petronet LNG Relaxo Footwears, Indian Bank, SKF India, BSE, Lakshmi Machine Works, Birla Corporational and Kalyan Jewellers are among the companies which will announce their earnings today.

Infosys and Reliance Industries led the Sensex gainers falling 0.8 per cent each. Tata Steel, ICICI Bank, Bajaj Finance, Wipro and Titan Company edged lower.

Asian stocks open lower Tuesday, tracking another Wall Street rout on stubborn fears over rising US interest rates and inflation, with investors eyeing earnings reports. MSCI's index of Asia-Pacific shares outside Japan was down by 1.93 per cent.

Adani Ports, PNB, Petronet LNG, Relaxo Footwears, Indian Bank, SKF India, BSE, Balaji Amines, Lakshmi Machine Works, Birla Corporation and Kalyan Jewellers are among the companies which will announce their earnings today.

There are 47 BSE500 stocks, where retail ownership was in excess of 20 per cent in the December quarter. Among them, 35 stocks have fallen between 20 per cent 63 per cent over their 52-week highs.