Page 1422 - Markets News
HCL Tech down 3% as investors turn cautious on lowered revenue guidance
Despite strong performance in Q3, management lowered guidance in services and total revenue growth indicating weak Q4FY23.
 "HCL Tech down 3% as investors turn cautious on lowered revenue guidance")
L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T
LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of slump sale for Rs 800 crore.
 "L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T")
F&O Call: Nandish Shah recommends Bull Spread strategy on UltraTech Cement
The derivative analyst from HDFC Securities suggests to BUY 7,200 Call for January 25 expiry of UltraTech Cement, and simultaneously SELL 7,400 Call of the same series.
 "F&O Call: Nandish Shah recommends Bull Spread strategy on UltraTech Cement")
Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani
According to the technical analyst, a big move on the Nifty is likely once the trading range is dismissed.
 "Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani")
Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial
Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro scheduled to report earnings on Friday.
 "Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial")
Indices drop for the third straight day; Sensex declines 147 points
The 30-share BSE Sensex declined by 147.47 points or 0.25 per cent to settle at 59,958.03. During the day, it declined 473.18 points or 0.78 per cent to 59,632.32
 "Indices drop for the third straight day; Sensex declines 147 points")
Paytm shares slip over 6% after Alibaba sells direct stake via block deal
However, Alibaba group firm Ant Financial has not diluted its stake in Paytm and continues to hold 25 per cent of the company
 "Paytm shares slip over 6% after Alibaba sells direct stake via block deal")
Sah Polymers has dream market debut, rises 37% on the listing day
The Rs 66-crore initial public offering of Sah Polymers was subscribed 17.5 times
 "Sah Polymers has dream market debut, rises 37% on the listing day")
Public sector firms' share in total market cap at a three-year high
BSE PSU index gained 41% and 23% in 2021 and 2022, respectively
 "Public sector firms' share in total market cap at a three-year high")
In a first, India among the top five ECM markets globally in 2022
Interestingly, in 2022 India also broke into the top-five league in terms of market capitalization
Sebi allows AIFs to participate in Credit Default Swap transactions
Further, exposure to CDS undertaken in these manner will not tantamount to leverage
 "Sebi allows AIFs to participate in Credit Default Swap transactions")
Sebi bans 3 entities from securities market for insider trading activities
Sebi has slapped penalties totalling Rs 15 lakh on three entities and also barred them from the securities markets for one year for flouting insider trading rules with respect to the shares of VSL
 "Sebi bans 3 entities from securities market for insider trading activities")
Markets hit by deeper corrections may outperform India: Morningstar CEO
Indian investors doing right by holding on during corrections, says Kunal Kapoor
 "Markets hit by deeper corrections may outperform India: Morningstar CEO")
Sebi allows stock exchanges to launch multiple contracts in same commodity
Also, the stock exchanges have suggested Sebi to launch multiple contracts on same commodity to cater to all value chain participants
Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty SmallCap 100 and Nifty MidCap 100 indices slipped up to 0.2 per cent
 "Sensex ends 147pts lower at 59,958; Nifty50 below 17,900; RIL declines 2%")
Kamdhenu Ventures to list on stock exchanges this month: Group CMD
Kamdhenu Ventures, the paints business of Kamdhenu Group, will be listed on the stock exchanges BSE and NSE later this month
 "Kamdhenu Ventures to list on stock exchanges this month: Group CMD")
Paytm, Nykaa slide up to 9% after huge block deals at both counters
Till 01:53 PM, about 30.5 million shares, representing 4.7 per cent of the total equity of Paytm, had changed hands on the NSE
 "Paytm, Nykaa slide up to 9% after huge block deals at both counters")
Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts
On the bourses, Wipro underperformed peers as shares dropped 0.5 per cent, while TCS, HCL Technologies, and Infosys rose up to 11 per cent in Q3FY23
 "Wipro Q3 revenues may rise up to 3% QoQ; flattish margins likely: Analysts")
Stock of this SME plastic products maker has zoomed 100% in 15 trading days
In past two days, the stock price of Captain Pipes has rallied 20% after the company said its board will meet on January 27 to consider stock split and bonus issue proposal.
 "Stock of this SME plastic products maker has zoomed 100% in 15 trading days")
Tech view: Check key levels on Sensex, Nifty as trend remains indecisive
The overall sentiment towards the market has remained indecisive and ambiguous, with market participants waiting for a clear direction
 "Tech view: Check key levels on Sensex, Nifty as trend remains indecisive")