We expect residential demand to remain unabated despite further rate hike expectations, as the industry continues to witness long-term pent-up demand and affordability will remain better than the pre-Covid level.

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.

Britannia Industries, incorporated in the year 1918, is a Large Cap company (having a market cap of Rs 111301.63 Crore) operating in FMCG sector.

Titan Company, incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 214316.02 Crore) operating in Gems and Jewellery sector.

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.

The stock has given multibagger returns to investors in the last five years, offering over 550% from March 2021 to April 2022. In the last five years, the stock has more than double. However, the stock has underperformed in the last one year, offering -33.62% returns.

“Options 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,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

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.

Analysts anticipate infrastructure-led companies to see the benefits of the budget proposals in the second half of the next financial year and drive the re-rating of these companies. The government proposed to raise capital expenditure by 33% for FY24 to ₹10 lakh crore.

On the options front, the weekly maximum Call OI is seen at 18000 and then towards 18200 strikes while the weekly Maximum Put OI is placed at 17000 and then towards 17500 strikes.

"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.

Vinati Organics, incorporated in the year 1989, is a Mid Cap company (having a market cap of Rs 18963.29 Crore) operating in Chemicals sector.

Punjab National Bank, incorporated in the year 1969, is a banking company (having a market cap of Rs 58138.16 Crore).

GAIL (India), incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 63811.34 Crore) operating in Gas & Petroleum sector.

Bharat Petroleum Corporation, incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 72691.66 Crore) operating in Gas & Petroleum sector.

Tech Mahindra, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 97441.19 Crore) operating in IT Software sector.

Bharat Forge, incorporated in the year 1961, is a Large Cap company (having a market cap of Rs 40690.12 Crore) operating in Auto Ancillaries sector.

On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the weekly maximum Put OI is placed at 17000 and then towards 17500 strikes.

Two other companies DCM Shriram and Meghmani Finechem will do it on February 1. DCM Shriram declared an interim dividend of Rs 5.80. In the last 12 months, the company, which is engaged in diversified businesses including agri chemicals, plastics, cement, textiles and energy services, has declared an equity dividend of Rs 9.50 per share. This results in a dividend yield

Nifty formed a Bearish Engulfing candle on weekly frame and gave a range breakdown. Now, till the index holds below 17777 zones, bounce could be sold for the downside move towards 17500 then 17350 zones whereas hurdles are placed at 17777 and 17850 zones.

Gold prices fell due to a strong US economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Fed officials are expecting the rates to be above 5 per cent by the end of this year," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said

Additionally, in order to promote investments in ETFs, which are relatively safer products, especially for newbies and young investors, I would provide special tax incentive on similar lines to Additional NPS Contribution under Section 80CCD1B.

In India, trade settlement used to take place on a ‘T+2 basis, but in September 2021, capital market regulator SEBI provided flexibility to exchanges to offer ‘T+1 following requests from various stakeholders to shorten the settlement cycle.

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.

"Economic calendar is muted for the day with respect to the US, however market participants will keep an eye on the US Q4 GDP estimates and Core PCE data scheduled tomorrow for further trigger in the market," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

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.

Poonawalla Fincorp, incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 23435.59 Crore) operating in NBFC sector.

Gland Pharma, incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 22233.18 Crore) operating in Pharmaceuticals sector.

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

UltraTech Cement, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 196458.01 Crore) operating in Cement sector.

Axis Bank, incorporated in the year 1993, is a banking company (having a market cap of Rs 284741.01 Crore).

Nifty formed a small-bodied bullish candle on the daily scale on Monday and negated its lower lows formation of the last four sessions.​

"Spot gold prices in the Delhi markets traded at Rs 56,840 per 10 grams, down Rs 40 per 10 grams," said an analyst at HDFC Securities.

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 90.22 per cent, DIIs 88.18 per cent.

PVR, incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 9866.78 Crore) operating in Media & Entertainment sector.

Surpassed its hurdle of 86 zones & making higherhighs-higher lows from the last 3 weeks.

Comex gold prices traded up in Asian hours on Friday supported by safe-haven demand as weak US economic readings and hawkish comments from Federal Reserve members fuelled recession worries, the analyst said.

India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.

BOJ policy meet yesterday disappointed the market expectations, as the central bank kept it's policy unchanged and also with no changes in its YCC or interest rates weighing on the safe haven assets," said Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services

On the Options front, the weekly maximum Call OI is placed at 18300 and then towards 18200 strikes while the maximum Put OI is placed at 18000 and then towards 17900 strikes.

Eris Lifesciences, incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 8701.37 Crore) operating in Pharmaceuticals sector.

ICICI Lombard General Insurance Company, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 58729.28 Crore) operating in Financial Services sector.

"Focus this week will remain on the Bank of Japan's policy meeting on Wednesday, after the central bank unexpectedly struck a hawkish tone during its december meeting," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.

"Gold held near nine-month highs, aided by expectations of slower interest rate hikes from the US Federal Reserve. Dollar index and US yields were also down by 2 per cent and 1.5 per cent, respectively, last week supporting the move in bullions," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

BFSI will drive incremental earnings growth in 3QFY23E aided by healthy business growth, NIM expansion, and benign credit costs, even as opex could remain high due to continuous investments in businesses.

Motilal Oswal Financial Services, incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 10933.89 Crore) operating in NBFC sector.

Motilal Oswal maintains its Neutral stance as it views the current valuation as fair. The brokerage's TP implies 16x FY24E EPS.