A Teflon resilience in markets that won’t let declines stick

A Teflon resilience in markets that won't let declines stick

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Markets Today Highlights:Among the broader markets, the Nifty Midcap100 and Nifty Smallcap100 ended with gains of 0.41 per cent and 0.56 per cent, respectively

Stock Market Highlights: Sensex gains 224pts led by IT, Nifty ends at 23,213; Auto, FMCG shares fall

Business Standard

Brokerages view on Asian Paints: Paint industry behemoth Asian Paints reported a weak set of numbers in the June quarter of financial year 2024-25 (Q1 FY25). The muted performance was on account of the heatwave, elections and an unfavourable product

Significant moderation in sales volume due to rural market slowdown, impact of heightened competition and increase in raw-material prices likely to impact profitability of the paint industry.

Asian Paints, Indigo Paints hit 52-week low; slip up to 25% in 6 months


The dollar index is trading slightly on the back foot on Wednesday as US PPI data came in softer-than-expected sparking fresh possibility for Fed to cut rates. Data published on Tuesday showed that the US annual PPI rose 3.3% in December, missing the expected 3.4% growth, while the core PPI inflation rose to 3.5% in the same period, compared to the estimates of 3.8%. Nevertheless, higher US treasury yields are limiting any sharp drop in greenback. Investors are all eyes upon the release of the all-important US Consumer Price Index (CPI) data for December, which is expected to provide fresh insights on the US Federal Reserves (Fed) interest rates trajectory. Currently, DXY that measures the greenback against a basket of currencies is seen quoting at 108.90, down 0.20% on the day and off recent fresh two-year peaks. Among basket currencies, EURUSD and GBPUSD are both rebounding amidst dollar weakness and trading slightly higher by 0.1% at $1.0337 and $1.2213 respectively. 


Dollar index on back foot amid soft US PPI data; All eyes on inflation numbers

Capital Market Automatic

JSW Energy added 2.26% to Rs 560.85 after its wholly owned subsidiary, JSW Energy (Utkal), successfully synchronised unit-2 (350 MW) of the Utkal thermal power plant (formerly known as Ind-Barath) located at Jharsuguda, Odisha.

JSW Energy gains as arm synchronises 350-MW unit at Utkal thermal power plant

Central Bank of India, Indian Overseas Bank, Network 18 Media & Investments Ltd and Surya Roshni Ltd are among the other losers in the BSE's 'A' group today, 15 January 2025.

Kalyan Jewellers India Ltd leads losers in 'A' group


The event was attended by Congress President Mallikarjun Kharge, Congress Parliamentary Party Chairperson Sonia Gandhi, Leader of Opposition in Lok Sabha Rahul Gandhi, MP Priyanka Gandhi Vadra, and General Secretary KC Venugopal.  


Congress inaugurates new headquarters, Indira Bhawan, in New Delhi

Alembic Pharmaceuticals announced that it has received final approval from the US Food & Drug Administration (USFDA) for its abbreviated new drug application (ANDA) for Brexpiprazole Tablets.

Alembic Pharma receives USFDA nod for Brexpiprazole tablets

KPI Green Energy added 1.19% to Rs 424.15 after its subsidiary, Sun Drops Energia, received letters of award (LoAs) for developing 62.20 MW solar projects under the captive power producer (CPP) segment.

KPI Green gains as arm gets LoAs for 62-MW solar power projects

We Win Ltd, Welspun Investments & Commercials Ltd, Mukta Arts Ltd and Vaswani Industries Ltd are among the other losers in the BSE's 'B' group today, 15 January 2025.

One Mobikwik Systems Ltd leads losers in 'B' group

NBCC (India) has received new orders worth Rs 405.08 crore as under:

NBCC (India) receives orders worth Rs 405.08 cr

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