​Second, financials have to reflect progress of the story, and validate realistically the potential of what can be. We like to see this in the form of better revenue growth, margin expansion, and return ratios; but while ensuring healthy cash flows, prudent capital allocation, and high corporate governance standards.

Stocks from the Railways, infrastructure, defence, divestment and renewables segments would be in focus.

The momentum is intact and the Friday's correction is on expected lines given the consistent uptrend in the past. Hence, once the current consolidation ends, the Nifty50 is expected to resume upward journey once again towards 18,900-19,000 levels in coming days, with crucial supports at 18,500-18,300, experts said

Bharat Dynamics has given a falling trend line breakout with a rise in volumes on the daily chart. The momentum indicator RSI has also given a positive crossover which confirms the buy signal on the daily chart.

Data for the last 22 years for December shows that the Nifty has delivered positive returns for investors on 16 occasions — 73 percent of the time — and has generated 2.9 percent average returns during the month over the past 22 years.

ICICI Direct is bullish on Bharat Dynamics recommended buy rating on the stock with a target price of Rs 1200 in its research report dated November 13, 2022.

Grey market premium of the Kaynes Technology trading massive 40 percent higher or at Rs 235 a share. The IPO has set an issue price at Rs 587 a share

In the truncated week beginning today, the index may march towards its last week's high of 18,178, followed by 18,350 (the high of 2022). If the index manages to sustain these levels, then a record high of 18,604 can't be ruled out with strong support at 18,000-17,900 levels

Market veterans Madhusudan Kela and Prashant Jain decode the value in PSU stocks

The stock price started its up move from Rs 370 (December 21) to Rs 905 (April 2022), making series of higher tops and higher bottoms taking support of averages and super trend trending in positive mode.

Proposals are being fielded for guns, missiles, drones and specialist vehicles, among others, the army said in its latest tender

Sumitomo Chemical India share price climbed more than 6 percent to end at record closing high of Rs 524 and formed strong bullish candlestick pattern on the daily charts, engulfing previous six days' negative candle, with above average volumes. It has seen a breakout of long upward sloping resistance trend line adjoining July 15, 2021 and July 12, 2022.

Defence companies could be a beneficiary of the Indian government's thrust on domestic manufacturing while geopolitical tensions across the globe could also make the sector an exciting play

Some of the PSU stocks, especially from the defence space – Bharat Electronics, Bharat Dynamics, and Hindustan Aeronautics – have gained 80-120 percent in the last one year. The rally has also spilled over into PSU banks and energy names.

Stock picking may not work in defense sector, which is one of his picks, but buying a basket of private and public sector players is a good idea, said the market expert

Indraprastha Gas climbed 7.5 percent to Rs 408.1, the highest closing level since January 21 and formed large bullish candle on the daily charts with strong volumes for third consecutive session, following high wave kind of candle formation.

Price pattern shows a potential reverse Adam & Eve pattern formation. Price is heading towards support around 570 level which is also at golden FIB zone. If this support breaks, then the price will fall to 375-400 levels. Broader view shows price is moving inside the ascending channel and it should touch the bottom of the channel in confluence with the support zone highlighted. Better to accumulate around 400 levels for a positional target of 1230 (207.50% ROI with 16.6 R:R) Mandatory …

Moneycontrol Analysis of BSE 500 Stocks shows that the MFs are increasing their stake through the last four quarters in about 68 stocks. The overall sentiment, however, turned weak after many of these stocks yielded negative returns but there are six stocks that churned out over 50 percent return

Since the start of the month, BSE PSU Index gained 7 percent, while Sensex and Nifty declined 3 percent and 3.6 percent, respectively

"Crude oil is still trading above $100 a barrel level. Any further oil price increase will be detrimental. Also, the market will turn its attention to the earnings season, which will be led by the IT and banking sectors. We expect a strong quarter for banks, thanks to a rebound in loan growth and a stronger balance sheet."

“PSUs in India are just about to break out and once the PSU index crosses about 10,500-11,000, we would have got a 40-50% upside in PSUs. So, broadly the market remains range bound with an upward bias but PSUs should lead. The earnings momentum is going to be very strong but pockets of safety in the public sector are very attractive. While rates are climbing, I would prefer value.”

Shares of BDL have soared 93 per cent year-to-date. HAL is up 35 per cent so far this year while BEL has climbed 15 per cent during the same period against a 1 per cent drop in the BSE Sensex.

“ Sun Pharma could be one of the best performing stocks followed by Divis. I think these two remain the top ideas on pharma. Among defence stocks, BEL remains the top pick followed by HAL and BDL. In the largecap space, BEL has more potential from current levels and is followed by HAL and BDL.”

With Friday's high, Polyplex Corporation has registered an all-time high which signals bullish sentiments. The major trend remains very strong across all timeframes as the stock continues to form higher tops and bottoms.