The S&P BSE Sensex fell more than 700 points while Nifty50 closed below 17900 levels on Wednesday. Indian markets remained shut on Thursday for a public holiday.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Tuesday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

“Niftys 17800-18200 range has been holding for some time now. To break the upper end of the range, the market needs positive triggers. Early Q3 results broadly have been positive with IT companies and banks delivering good results,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Experts feel the 17,800-18,200 range is expected to break on either side after the announcement of the Budget, hence, if the Nifty breaks 18,200, then 18,500 is the level to watch out for

Taking a glance at the rising volumes, we expect the momentum to extend in Dabur India in the forthcoming week.

We feel participants should maintain their focus on stock selection amid the prevailing consolidation phase in the index and wait for a decisive breakout on either side. Going ahead, the upcoming earnings announcement of index majors might provide the needed trigger. Besides, global cues, especially the performance of the US indices, will remain in focus.

A total of 175,105 shares changed hands on the counter till 11:07AM (IST).

A total of 164,211 shares changed hands on the counter till 10:51AM (IST).

India's largest gas distributor is seeking the cargoes for delivery during the month of February on a delivered ex-ship (DES) basis into the country's Dabhol terminal.

A total of 184,081 shares changed hands on the counter till 12:20PM (IST).

On the technical charts, the 200-day moving average of the stock stood at Rs 94.65.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

The financial services index has disappointed only in 2013 and 2015 in the last ten years. The calendar year 2014 turned out to be the best one so far when the index zoomed over 57%. In the last seven years, the index has given double-digit returns in 2017, 2018, 2019 and 2021.

A total of 262,533 shares changed hands on the counter till 11:59AM (IST)

Marching towards the upper band i.e. 110 afterreclaiming the major moving averages.

The combination of weak gas demand, supply shortages caused by geopolitical issues (Gazprom force majeure) and pricing (high spot LNG prices constraining Dahej third party regas offtake) is likely to lead to another weak quarter for GAIL, PLNG and GSPL.

Gujarat State Petronet, incorporated in the year 1998, is a Mid Cap company (having a market cap of Rs 15563.77 Crore) operating in Gas & Petroleum sector.

For upstream, net realisations (net of windfall tax) are expected to remain steady at US$73.5-74.1/bbl while gas utilities earnings will likely continue to be impacted by weak demand and lower trading margins (for GAIL).

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

While the first financial commitment towards green hydrogen has only just been announced and details of the policy are yet to emerge, companies are already making plans for it.

Even as details of how these incentives will be rolled out are yet to be announced, a host of private sector conglomerates have already made pitches to go big on green hydrogen.

GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 63548.34 Crore) operating in Gas & Petroleum sector.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

A total of 358,469 shares changed hands on the counter till 12:56PM (IST)

A total of 382,291 shares changed hands on the counter till 12:09PM (IST).

A total of 415,764 shares changed hands on the counter till 01:17PM (IST)

A total of 1,198,163 shares changed hands on the counter till 02:01PM (IST)

A total of 1,774,516 shares changed hands on the counter till 01:40PM (IST).

A total of 1,028,369 shares changed hands on the counter till 02:05PM (IST).

GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 63942.84 Crore) operating in Gas & Petroleum sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 95.07.

The Asian tiger crisis that shocked the world economy in 1997 looks like a blessing in disguise for Dalal Street bull Rakesh Bansal in hindsight. After finishing MBA, all he wanted was a good corporate job but vacancies dried up quickly amid the financial crisis. The enterprising ‘Marwari boy soon realised that the stock market was the only place where he could build a fortune with little capital.

The stock traded at a P/E multiple of 5.53, while the price-to-book value ratio stood at 1.08.

Small negative candle was formed on the daily chart with minor upper and lower shadow. Technically, this pattern indicates a high wave or doji type candle pattern after a rise. Normally, such candle formations after a reasonable rise signal volatility at the highs and sometimes it acts as a reversal pattern post-confirmation.

A total of 1,421,191 shares changed hands on the counter till 01:09PM (IST).

A total of 284,782 shares changed hands on the counter till 11:11AM (IST)

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.

Tecnimont Private Limited (TCMPL), an engineering, procurement and construction firm, is the Indian subsidiary of Maire Tecnimont Group.

“The bulls came back strong and knocked out the bears with full force surpassing the hurdle of 43,500 on a closing basis. The index confirms the continuation of the uptrend towards 44,000-44,600 levels on the upside. The lower-end support stands at 43,000, which will act as a cushion for the bulls. The index remains on a ‘buy mode and any dips should be utilized to initiate fresh long positions,” Kunal Shah, Senior Technical Analyst at LKP Securities, said.

A total of 649,384 shares changed hands on the counter till 12:58PM (IST).