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After a short-term correction, the stock has formed a range-bound formation near the 200-Day SMA (Simple Moving Average). It has formed a promising reversal formation this week and is comfortably trading above 20-Day SMA.

Choice International: This stock held by Madhusudan Kela stock will also release its results today. The company is among the leading financial services conglomerate catering globally. In the September quarter, the company’s net sales were at Rs 74.07 crore, 21% higher on a year-on-year basis.

“If there is a recession or there is a hard landing, there could be one or two quarters where the pipelines will go down a bit and there would be some kind of pressure but on an overall basis, we will see a much bigger transformation in deals movement because it will lead to massive cost rationalisation. So,in the long term, it will be better.”

"There will be more assembly jobs and more jobs for women and all that because there will be factory hirings and all that will be all very useful and helpful to India. I am not sure which stock will be appropriate to play this theme but India is going to hugely benefit from China plus one leading people to India and maybe to other countries also."

Stock trading in rising channel pattern with a higherhigh & higher low formation indicates momentum.

U.S consumer prices surprisingly fell for the first time in more than 2-1/2 years in December, with Federal Reserve policymakers expressing their relief and paving the way for the central bank to slow the pace of monetary tightening.

Investors responded by down-shifting expectations for U.S. interest rates. A Federal Reserve hike of 25 basis points rather than 50 next month is now nearly universally expected, and futures markets have priced in several rate cuts this year.

The operations could be either split among independent Indian bottlers or could go to a single Indian or an overseas company. The transaction involving asset sale of 16 bottling plants operated by HCCB will be complex and could take over 12 months, one of the officials mentioned above said.

The Fed set the target policy rate between 4.25% and 4.5% at its December meeting. Data since then has shown inflation easing and the labor market slowing modestly from the torrid pace of job and wage growth through much of 2022.

Atlanta Federal Reserve Bank president Raphael Bostic said on Thursday that the inflation data may allow the Fed to scale back to quarter-point rate hikes at its upcoming meeting. Gold is seen as an inflation hedge, but higher interest rates increase the opportunity cost of holding the asset.