The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore.The valuation of Hindustan Unilever went up by Rs 7,988.61 crore to Rs 6,21,678.35 crore and that of HDFC gained Rs 6,503.28 crore to Rs 4,92,313.07 crore.

Comex gold prices retreated from fresh high of USD 1,975 per ounce and closed lower by 1.94 per cent on Thursday as investors locked in profits after the precious metal scaled a nine-month peak on dovish remarks on the metal from Federal Reserve Chair Jerome Powell, the analyst said.

Housing Development Finance Corporation, incorporated in the year 1977, is a Large Cap company (having a market cap of Rs 485016.10 Crore) operating in NBFC sector.

Domestic brokerage Motilal Oswal has a Buy call on Dabur with a target of Rs 650. "Overall sales growth trajectory has revived in recent years – a continuation of the turnaround seen by Dabur under the new CEO. Beyond the near-term, rural demand recovery, material cost stability and a less challenging base are likely to result in healthy earnings growth from FY24 onwards," Motilal said.

Continuing its growth trajectory, the watches and wearables business recorded a total income of Rs 811 crore, up by 15% compared with last year's quarter. The business reported an EBIT of Rs 89 crore, with an EBIT margin of 11%.

Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 111483.48 Crore) operating in FMCG sector.

Clean Science & Technology, incorporated in the year 2003, is a Small Cap company (having a market cap of Rs 16230.97 Crore) operating in Chemicals sector.

The rural market is seeing down-trading and is still in the recovery phase. The brokerage values the stock at 42x P/E on Dec-24E EPS to derive a target price of Rs 585.

Godrej Properties, incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 33213.77 Crore) operating in Real Estate sector.

The 10MW WHRS will be commissioned in Q1FY24 and will boost its margin from FY24 onwards.

The brokerage maintains ADD, with a TP of Rs 256, factoring in a consistently healthy order book and robust project pipeline ahead.

Ujjivan Small Finance Bank, incorporated in the year 2016, is a banking company (having a market cap of Rs 5687.61 Crore).

The brokerage expects the company to deliver 7%/11% revenue/operating profit CAGR over FY22-25E on the back of healthy AUM growth and marginal cost rationalisation.

APL Apollo Tubes, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 32543.38 Crore) operating in Metals - Ferrous sector.

We also increased the PLR or what we call the retail prime lending rate, which is applicable to individual loans. But the agreement that we have with individual customers up to very recently said that the interest rate resets once in three months.

Motilal Oswal has maintained its 'buy' rating on the stock, with a target price of Rs 3,050

The brokerage upgraded the stock to a REDUCE (Earlier SELL) with an unchanged DCF-based TP of Rs 2,150/share (implying 46x Dec-24 P/E) as the downside is now limited, post the recent 15%+ stock correction.

Aditya Birla Capital, incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 33801.26 Crore) operating in NBFC sector.

"The most significant trend in the market so far in 2023 is the big underperformance of India compared to other markets. The Adani crisis impact is slowly diminishing. The ferocious rally of 3.5% in Nasdaq yesterday is an indication that the market expects a soft landing of the U.S. economy. IT stocks look strong. High-quality private sector banking stocks and capital goods stocks also are on a strong wicket," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

In the overseas market, both gold and silver were traded in green at USD 1,956 per ounce and USD 24.15 per ounce, respectively.Comex gold prices traded their highest levels in more than nine months in Asian trading hours on Thursday after investors access dovish policy from US Federal reserve, the analyst said

Prices on the daily chart are continuously showing an effort to close above their 200-EMA placed at 17,550 levels. From the past five days, Nifty is hovering within the range of 17,900–17,400 levels. Any breakout or breakdown above or below the mentioned levels will trigger the next directional move in the benchmark index

The company's EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 290 crore, while margins declined 457 basis points to 22%. The performance during the quarter was mainly impacted due to high inflation.

Revenue from operations rose 29% to Rs 15,230 crore during the quarter under review.

In the Sensex pack, SBI and ICICI Bank were the top laggards, down 2-3%. Axis Bank, Bajaj Finance, UltraTech Cement, HDFC, HDFC Bank, L&T and NTPC also opened with losses.

Data suggests that from the past four trading sessions prices are taking support near 200 DMA, which is placed at 17,550 levels on the daily scale. For the bulls to regain control Nifty50 must reclaim 18,888 levels, suggest experts.

Recent macro numbers including Core Infra, GST collections, IIP, Inflation etc show that the economy is on the path to accelerated growth. The new savings scheme and enhanced limit of the Senior Citizen savings scheme affords more avenues for savers to invest their monies safely and productively.

Option data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility.

Will Fed officials stand by this guidance or turn a bit dovish will be important to watch out for, and this will decide the course of market direction

From the Sensex pack, ICICI Bank and Tata steel were the top gainers, rising over 2%. ITC, HDFC Bank, L&T, TCS, HDFC and Kotak Bank closed with gains

The brokerage expects AUM growth of 16.4% (from 14.7% in FY22) to Rs 7.2 lakh crore. With more than 4.5% QoQ growth in individual AUM, it expects HDFC to register >20% YoY growth while non-individual loans will also see positive low-single digit growth YoY.

The PCR ratio for the near week expiry stands at 0.54 and for the next week expiry at 0.68. The overall writing data suggests negative bias as Call writing is higher than Put writing. The immediate or temporary bounce back cannot be ruled out as PCR ratio drops near to 0.50 levels, said analysts

Adani Ent., Adani Ports SEZ, Sun Pharma, UPL and L&T were among the top losers on NSE.

"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.

So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, lets keep the first alphabet A aside, and check out the next in the orders.

Nippon Life India Asset Management, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 14946.32 Crore) operating in Financial Services sector.

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 97991.37 Crore) operating in IT Software sector.

Larsen & Toubro, incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 296531.83 Crore) operating in Construction sector.

I think banking and industrials or the capital goods space, really stand out in terms of numbers, right from, something like a South Indian Bank, which nobody talks about to something like an ICICI or HDFC everything gave good results.

In constant currency terms, sales grew 0.2% sequentially and were largely on expected lines. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 8% sequentially and 4% YoY to Rs 2,144 crore, the company said.

January has been a pretty bad month for India from the index standpoint and also from FIIs flows. The whole banking sector leadership which was there and driving the markets till December has taken a little bit of knock in Jan.

"The Budget tomorrow and the Fed decision on interest rates by evening tomorrow will have a big impact on markets. A positive, as we go into the Budget, is that instead of the usual pre-Budget rally on expectations, this time we had a market correction triggered by the Adani crisis," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Fear gauge index India VIX moved up by 2.25% from 17.32 to 17.71 levels. Volatility spiked above 19 levels during the day and has been rising from the last four sessions, giving discomfort in the overall market sentiment.

Comex Gold prices corrected last week after price hit fresh swing high of USD 1,949.80 on back of profit taking by short-term future traders before this week FOMC meeting, however price managed to closed up by 0.10 per cent on weekly basis.

"Valuations are something that investors are looking at this given point of time and they are evaluating as we speak on where to probably go and invest. They are reaching attractive levels and long-term investors will probably take a relook at these given prices. Largecaps will tend to outperform over the next two quarters but it could be a good time to look at selective ideas but it is not going to be a raging bull market in smallcaps for next 2-3 months."

“One must understand that housing loans are for 13 years or 15 years and over that period of time, rates will go up and come down. It does not make too much economic difference whether you take a loan at the time when rates are higher or low because if they are high now they will come down, if they are low today they will go up at some point in time."