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Equitas

IIFL lists top 5 picks for 2023 with 20% upside

After a turbulent 2022, this new year 2023 is also like to remain volatile, especially in the first half. High inflation, rising ineterst rates, concerns regarding GDP growth, etc., will keep the markets on its toes. amid this backdrop and considering rich valuations in general, brokerage house IIFL Securities favour a defensive stance and domestic growth stories, with its top picks coming from Banks, FMCG, Auto and Insurance. Let's take a look at its stock list for the upcoming year:

Rupee gains 9 paise to 82.69 against US dollar

Government raises windfall tax on crude, diesel, aviation fuel

Dollar subdued ahead of US Fed minutes, yen at 6-month high

Market Opening: Shares open lower on weak China data, growth fears

Before Market Opens: 9 things to know at 9 am on January 3, 2023

Stocks To Watch: Shares may open lower on weak China data, growth fears; Zomato, HFCL, M&M Financial in news today

New IPO Alert: Rishabh Instruments files draft papers with Sebi to mobilise funds via IPO

PTC India approves final dividend for financial year 2021-22

Oil slides after IMF says slowing global growth engines portend tougher 2023

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals