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“EV as a theme is here to stay. So that way, TVS Motor, Greaves Cotton, will do well because one, a) valuation is on the side, b) volumes on the EV space are coming through and c), after the current cycle of interest rate hike, as it peaks, we will see a return of demand for two-wheeler segment.”

Now, amid rising interest rates, persistent inflation and warnings of a potential recession on the horizon, research from S&P Global Ratings is underscoring just how far from reality the earnings projections are proving to be

"The company is unable to service its obligations in respect of the interest on Non-Convertible Debentures was due on February 16, 2023," it said.

"Weakness is there in the banking space. We believe that IndusInd Bank can continue to correct from current levels. If you are holding IndusInd Bank, you can book profits because looking at the setup we believe that stock can correct further towards 1050, 1040 level."

"One little contrarian or little ahead of the curve call would be metals. We have seen really atrocious numbers. As China recovers and we see the Chinese economic recovery gaining traction around June, all of a sudden you will see price action coming back. So I would take some positions in metals in anticipation of a Chinese recovery; the profit numbers were very poor, and margins fell down because of pricing going off, I think global pricing will come back to metals and that will help our metal producers as well."

On the daily chart, Nifty has closed just a notch below the crucial 100-DMA which is placed at 17,967. With 50-DMA placed at 18,033, Nifty has multiple resistances to navigate between 17,950-18,050 levels on both daily and weekly charts. In other words, some meaningful up move shall happen only after Nifty moves past 18,000–18,100 levels convincingly.

India has the opportunity to lead the crypto revolution and reap its benefits. By adopting a strong crypto policy, the nation can encourage the technology sector while also embracing innovation and staying ahead in the financial system.

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Thirdly, much stronger-than-expected US data like Q4 GDP, advance retail sales (February), ISM non-manufacturing (January), and US durable goods orders (December) have faded away the risk of a recession at least in the near term. Thus, expectations of a Fed pivot are being pared down.

Motilal Oswal has pruned FY23E Nifty EPS by 0.9% to Rs 812 (earlier: Rs 820) due to notable earnings downgrades in Tata Steel, JSW Steel, Hindalco, Bharti Airtel, and Divi’s Labs.