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Adani stocks have been in a freefall and so have eroded over 40% of investor wealth ever since American short-seller made multiple allegations in its report last week. With a view to safeguard investors from the sharp volatility in stocks of Adani Group companies, the National Stock Exchange has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework.

"There is a little bit of disconnect between the market and the Fed because the market is watching the inflation numbers coming down and the market is also factoring in the fact that the factors which were contributing to inflation have also begun to ease. For example, the natural gas prices which have gone to a high of $9 plus are now at about $2.5."

While inflation has cooled off from the peak, concerns surrounding it are far from over for both India and developed economies like the US, where the Federal Reserve has indicated rate hikes continuing through 2023.

"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.

"We have done about 82% of the full year guidance we had given by the end of the third quarter. We are quite optimistic of going well past the Rs 10,000 crore annual booking guidance we had given. Exactly what the number will be will depend on the number of launches that happen and how they are received," says Pirojshah Godrej.

The Hindenburg report warned investors of heavy leverage and fraudulent practices in Adani Group companies. The conglomerate responded with a strong rebuttal, but it failed to comfort investors.

​So there is a benefit even for those below 7 lakh in the new regime but one should not take this 7 lakh as a sacrosanct figure but that on an whole you can say that below 7 lakhs it is better for you in the new regime. But I would still say that anyone who is doing it, you should do your calculations because your deductions remain the key part.

As of 31-Dec-2022, promoters held 63.22 per cent stake in the company, while FIIs held 24.03 per cent and domestic institutional investors had 3.78 per cent.

BofA Securities maintained a buy rating on Power Grid with a target price of Rs 244. According to the investment bank, there could be some pressure on RoE amid rising competition.A strong dividend payout is a good sign. However, earnings were down on higher interest expenses

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.