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Data of the last 10 years shows TCS has recorded a positive monthly return post Q4 earnings 50% of the time. Returns have varied from 1.8% to 21.3% during the positive months and -1.2% to -8.9% during the negative months.

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

The post-covid world is normalising and the distortions also are getting normalised. We see reversals of most headwinds viz inflation, outflows, and interest rates in the next 18 months - which, by themselves, will be key catalysts.

We expect the consolidation phase for Indian equities to continue for the next couple of quarters. While the earnings outlook for India remains resilient, global monetary conditions are tight, and growth is expected to slow down.

Investors should focus on growth stocks at a reasonable price since growth has become a value in the current market. Banking sector offers an area in which quality picks can be found, especially since banking growth has continued but stocks have not responded accordingly. Investors focused on consumer discretionary should look at companies available at a reasonable discount, as they represent very good growth stocks to play with at low valuations.

The Indian stock market is likely to trade in a range for some time, with volatility possibly returning. Selecting the best private bank requires assessing its risk management culture and consistent growth, combined with a liability franchise better than its peers, and clean books. While IT stocks are currently underperforming, Raheja believes these companies have generated cash and dividends during prior economic cycles, and represent a potential value play.

Higher tops and higher bottoms along with a bullish crossover in its momentum indicator MACD.

“Options data suggests a broader trading range in between 17300 to 18000 zones while a shift in an immediate trading range in between 17600 to 17850 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

“Over the medium term, the prospects for growth now seem dimmer than in decades,” the IMF said in its flagship World Economic Outlook, lowering the global growth forecast for 2023 to 2.8% from 2.9% estimated earlier and sharply lower than the 3.4% expansion in 2022.

Reliance Industries Ltd is planning to implement an infrastructure investment trust (InvIT) to unlock value in its warehousing and logistics assets through Reliance Retail. The retail company has already created a trust called Intelligent Supply Chain Infrastructure Trust which will be used to house the warehousing assets to be monetised. The InvIT will either be listed or privately placed with at least five shareholders under SEBI norms.