Adani stocks came under pressure after global investment banker Credit Suisse assigned zero lending value for bonds sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai. It has stopped accepting bonds of Adani companies as collateral for margin loans to its private banking clients following allegations made in Hindenburg report, Bloomberg said.

LKP Research is bullish on Canara Bank has recommended buy rating on the stock with a target price of Rs 349 in its research report dated January 30, 2023.

​Nifty has broken down from its consolidation range and slipped below its 100-day exponential moving average (EMA) of 17,900 levels, which was being defended for the past 23 sessions. The short-term moving averages are in a falling mode, which indicates the bearish momentum could continue in the upcoming week.

"Pharma is certainly one of the spaces that one should look at because that is one of the space which has not done anything at all. They have only gone down. I think one should definitely look into some of the frontline pharma stocks like Sun Pharma, Lupin, Cipla. I will also be a little more comfortable with something like Larsen & Toubro or Siemens or ABB."

Emkay Global Financial is bullish on Canara Bank has recommended buy rating on the stock with a target price of Rs 385 in its research report dated January 23, 2023.

Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 55993.13 Crore).

When it comes to banks, we are dealing with the problem of plenty. What is happening is that most of the banks are delivering good numbers and the issue is because of the over ownership.

Motilal Oswal is bullish on Canara Bank recommended buy rating on the stock with a target price of Rs 410 in its research report dated January 23, 2023.

The brokerage estimates an RoA/RoE of 1.1%/17.5% for FY25.

The net profit stood at Rs 2882 crore against Rs 1502 crore in the year ago period. Operating profit saw a relatively modest 20% rise at Rs 6952 crore.Its net interest margin for the quarter improved to 3.05% against 2.83% in the year-ago quarter. Net interest income at Rs 8600 crore was 24% higher year-on-year.

The bank's net profit was Rs 2881.52 crore, compared to Rs 1502.12 crore in the same quarter the previous year.

The bank's net profit was Rs 2881.52 crore, compared to Rs 1502.12 crore in the same quarter the previous year.

Total income increased to Rs 26,218 crore in the quarter from Rs 21,312 crore in the year-ago period, the state-owned bank said in a regulatory filing.

Outlooks on the long-term ratings of all four banks remain stable.

Sun Pharma Advanced Research Company (SPARC) is a clinical-stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 following its demerger from Sun Pharma, a global leader in speciality generics.

"Overall, we forecast top seven PSBs under our coverage to report a profit after tax of ₹1.3 lakh crore in FY25 versus a loss of ₹59,400 crore in FY18. Thus, we expect 29% earnings compounded annual growth over FY22-25 and estimate these PSBs' RoA/RoE to improve to 0.9%/14.2% in FY25, respectively," the brokerage said in a report.

AII and RHFL had filed separate but identical appeals seeking the go-ahead for the former's resolution plan to take over the company in June 2021. The offer translates into a 74% haircut on RHFL's total dues of ₹11,541.44 crore.

Public Sector Banks (PSBs) have come a long way over the past five years with profitability of top 7 PSBs under our coverage improving to an estimated Rs 909 billion in FY23 from a loss of Rs 594 billion in FY18. We estimate earnings traction to sustain aided by improved loan growth, margins and controlled credit costs," the brokerage said.

The stock has managed to give a breakout of the last two trading sessions corrective moves. Looking at the overall setup, we are bullish on Canara Bank and we expect that this upward momentum is likely to continue towards the Rs 335-340 zone. So, Canara Bank is a ‘buy with a stop loss of Rs 318.

This amounts to a 0.18% increase in holding by the investor as in the previous quarter, she held a 1.61% stake or 45,75,687 equity shares in the cellular and fixed-line services provider.The latest corporate shareholdings filed suggest that Rekha Jhunjhunwala publicly holds 20 stocks with an estimated net worth of over Rs 12,171.6 crore.

​IT index is down more than 25%. So I feel that post TCS results one thing was very clear that it looks like that IT has made a bottom. I think obviously we need to look into most of the others earnings as well to get a clearer picture.

SBI's offer to sell this account comes even as the Orissa High Court, for the second time, stayed initiation of the insolvency process against Visa after the Cuttack bench of the National Company Law Tribunal (NCLT) had admitted the borrower for commencement of bankruptcy proceedings, acting on a plea by Punjab National Bank (PNB) late November.

I think having some sort of a cap on what sort of exposure you are taking when it comes to PSUs would definitely be advisable. This is because when you are going through a turbulent time and 2023 right from the beginning looks like it is going to be a difficult year to navigate, we have to remember that what kind of exposure in which kind of sectors and stocks you are taking exposure. That becomes very crucial so we would avoid high beta low quality names when it comes to this year.

Global bourses reversed their recent gains as Fed officials stated that policymakers would raise the rate beyond 5% and hold on for a while. Sentiments in the domestic market were further dampened by the muted start to the IT earnings season, along with their cautious commentary on the demand environment

Rekha Jhunjhunwala, as per the latest corporate shareholdings filed, publicly holds 19 stocks with an estimated net worth of over Rs. 11,866.8 crore. Some of the top holdings of the investor include Aptech, Crisil, Indian Hotels and Jubilant Pharmova and Fortis.

"Where there is uncertainty, the best thing is not to step into those muddled waters. The Indian economy has got substantial leverage plays which can really pan out across the length and breadth of the country and across the spectrum of sectoral allocations. I believe one should keep a close tab on this segment but not to venture until the scenario clears completely."

The reviving credit growth, better margin prospects, lower FPI ownership, lower imminent risk of a rise in credit costs, and the large valuation discount makes public sector bank stocks a preferred bet for Credit Suisse over private banks.

"I want to basically create a portfolio which will have stocks like L&T, NCC in the infrastructure or maybe IndusInd Bank, Canara Bank and even HDFC Bank in the banking space. There can be some soft commodities or food companies like Daawat and metal companies like Vedanta. I would want a little balanced portfolio for this year "

Dalal Street trader and investor Vivek Bajaj, who runs StockEdge, says credit will slow down when interest rates go up to obnoxious levels. "PSU banks, being the most inefficient segment of the banking sector, will definitely see corrections. But efficiently managed banks like SBI and Bank of Baroda will continue to outperform other PSU banks," he said.

These smallcases have managed to beat their benchmarks. Despite inherent underperformance in the smallcap space, the volatility for such smallcases were much lower than the markets.

Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 60809.65 Crore).

The NSE Nifty index was trading 75.6 points up at 18180.9

The next big resistance for the index is placed at around 18,400. Budget 2023, rise in Covid cases, FII flows as well as earnings season will guide markets in the near term, suggest experts.

On the Options front, we have maximum Call Open interest at 19,000 strike, which is Out-Of-Money (OTM) indicating the traders are betting big on 19,000 mark again. Whereas on the Put side, the maximum open interest was at 18,000 strike, suggesting crucial support area for the Nifty in January series

​On the downside, Nifty has immediate support at 17,950; breaking below will see a test of the recent low of 17,774 which will act as support. Indias VIX has come down to 14.87. VIX below 15 levels will support the market, and any rise will keep the markets under pressure.

"The benchmark Nifty recovered smartly during the week, pairing more than 50% of the previous week's loss. The index has formed a bullish harami pattern on the weekly chart, suggesting a bullish reversal. Besides, the index has closed above its 50-week exponential moving average.

BFSI, metal, and auto stocks helped the market recover during the week. Buying from domestic institutions and retail, combined with a lack of large ticket sales by FIIs in the last week of the year, resulted in a significant price recovery.

The NSE Nifty index closed 85.7 points down at 18105.3

"We have been holding IT for the last several months. They have not been moving up and down. In IT, it is all about the Nasdaq. If the Nasdaq bottoms, IT will bottom; if the Nasdaq does not bottom, IT will again struggle. The Nasdaq is all about interest rates. If the Fed comes and stops the interest rate hikes, they will do well."

He is survived by his wife, Rekha Jhunjhunwala, and three children. Rekha has been an investor in several RJ companies, and the Jhunjhunwala portfolio value includes the value of Rekhas holdings as well.

“We also like some industrials and manufacturing plays in the midcap space, in defence, in textiles and partially in industrial gases. We track this very closely and we are also tracking some NBFCs which have been a little out of favour because the market believes that the cost of borrowing for NBFCs is up and banks have an advantage but there are some NBFCs like Poonawalla where we are seeing the cost of borrowings drop by almost 2.5%.”