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Global markets, especially the US, are still not offering indications for a sustained recovery so volatility is here to stay and participants should plan overnight positions accordingly. Meanwhile, on the index front, the tone would remain positive till the Nifty holds 17,100. We feel the prudent approach is to focus on top-performing stocks from across sectors and use intermediate dips to add them instead of chasing laggards, in hope of a rebound.

"The crude oil prices, which were in a hibernating state for some time now, have started looking up again. Is it the beginning of a trend? I do not know, but there has been a rise in crude oil prices in the last few trading sessions. All these at a time when there are global headwinds."

The government will divest a 30.48 per cent stake in the lender and the Life Insurance Corp of India (LIC) will sell a 30.24 per cent stake.The Cabinet Committee of Economic Affairs had given in-principle approval for the strategic disinvestment of IDBI Bank in May 2021.

“We added 4 new projects having 2.2 million sq. ft. of the saleable area with a GDV of Rs 3,100 crore across various micro-markets of MMR and Pune. In H1, we have added Rs 9,300 crore of GDV which is 62% of our full-year guidance of Rs 15,000 of GDV addition,” the company said.

While for unlisted debt securities such as NCDs (Non-Convertible Debentures) and NCRPS (Non-Convertible Redeemable Preference Shares), the outstanding amount of default is Rs 200 crore as of September 30, 2022, along with a default in payment of interest of Rs 44.77 crore on the same.

“If you look at Nifty’s one-year forward PE, it is 19 times. If you look at the long-period average, which is the 15-year average of Nifty, it is at about 18.5 to 18.6 times. So we are bang in line with the long-period averages. It is not correct that India is trading at a substantial premium versus its averages,” Duggad told ET Now.

"Net proceeds of the tranche III issue, after meeting the expenditures of and related to the tranche III Issue, at least 75 per cent shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the company and up to 25 per cent for general corporate purposes," the company said.

​The price-to-earnings ratio (P/E) is one of the most widely used valuation metrics by which investors and analysts determine a stock from the screening process. The P/E ratio indicates a stock is overvalued or undervalued.​

HDFC Securities is expecting a 242 basis points (bps) drop in the EBIT margins on a yearly basis for the larger IT players, whereas second rug IT counters may see a 1 per cent compression, taking the average hit on the entire sector to 228 bps.Management commentary by Indian IT Services players has been positive post 1QFY23, but the street will be looking beyond this, particularly the guidance for the future.

"The key, especially for PSU banks, is how the NPA trajectory is moving and how growth is coming along. Everyone agrees on the point that we have formed a bottom on the NPA cycle, so the credit cost issues would not be there much."