Page 1424 - Markets News
Q3 results preview: Strong tender activity to aid capital goods firms
YoY topline, bottomline growth likely in double-digits, but margin concerns remain, say analysts
 "Q3 results preview: Strong tender activity to aid capital goods firms")
Sebi permits AMCs to provide advisory services to all FPIs at IFSC
The decision has been taken in consultation with IFSCA and based on the requests received from AMCs
 "Sebi permits AMCs to provide advisory services to all FPIs at IFSC")
TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY
TCS Q3 results preview: As per brokerage estimates, TCS may post up to 18 per cent Yo revenue growth to an average of Rs 57,446 crore. The bottom line could rise 10-16 per cent to around Rs 11,046 cr
 "TCS Q3 preview: Margins to expand sequentially; Revenue may grow 16-18% YoY")
Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850
Closing Bell: Nifty IT fell 2 per cent followed by 0.7-1 per cent cuts each in Bank, Financial, Metal, Realty and Pharma indices. FMCG and Consumer Durables outperformed with fractional gains
 "Financial, IT shares drag Sensex 453 pts, ends below 60K; Nifty near 17,850")
Indian shares drop 1% on earnings as US data indicates rise in Fed rate
US data showed private employers hired more workers than expected in December, suggesting strength in the labour market that could allow the Fed to boost interest rates
Sigachi Industries zooms 19% as board plans to mull fund raising plan
The board of SIL will meet on January 10, 2023 to consider the proposal of raising funds by way of issue of equity or convertible warrants on preferential basis to the promoters and non-promoters.
 "Sigachi Industries zooms 19% as board plans to mull fund raising plan")
Dabur India falls 4% after Q3 update hints high inflation to dent margins
On account of challenging macro-economic environment and muted category growths in the quarter, the management anticipates to report low to mid-single digit revenue growth
 "Dabur India falls 4% after Q3 update hints high inflation to dent margins")
Bajaj twins need to sustain these key levels to prevent extended selloff
The broader trend in Bajaj Finance and Bajaj Finserv stocks has turned weak and if both these stocks fail to rebound overcoming key levels, the sell-off could intensify.
 "Bajaj twins need to sustain these key levels to prevent extended selloff")
Landmark Cars hits new high after weak debut; surges 17% in two days
With last two days' gains, Landmark Cars is now trading 15% higher against its issue price of Rs 506 per share. It has and bounced 34% from its low of Rs 433.20 touched on December 26
 "Landmark Cars hits new high after weak debut; surges 17% in two days")
IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'
At present, the government and state-owned Life Insurance Corporation hold a little over 94 per cent in IDBI Bank and are classified as co-promoters.
 "IDBI Bank up 5% on Sebi nod to reclassify govt post sale-stake as 'public'")
Stock of this SME company has zoomed 70% in 10 days after a stellar debut
According to NITI Aayog, India's UAV market is expected to expand to $50 billion over the next 15 years as drones are projected to substitute 80 per cent of operations carried out by manned aircraft
 "Stock of this SME company has zoomed 70% in 10 days after a stellar debut")
Speciality Restaurants soars 20% in 2 days; hits record high in weak market
In past six months, the stock has rallied 122 per cent, as against 12 per cent rise in the S&P BSE Sensex.
 "Speciality Restaurants soars 20% in 2 days; hits record high in weak market")
Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus
The board of directors of the company had fixed Friday, January 6, 2023, as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for issuance of bonus shares.
 "Rama Steel freezes at 10% upper limit as stock turns ex-date for 4:1 bonus")
Ravi Nathani shares key levels on Nifty, Nifty Bank indices for Friday
18,125 will trigger some strength for bulls on Nifty50 index whereas the expected targets would be 18,180 - 18,225 - 18,300
 "Ravi Nathani shares key levels on Nifty, Nifty Bank indices for Friday")
F&O Call: Nandish Shah recommends to long Glenmark Pharma futures
The derivative analyst from HDFC Securities expects Glenmark Pharma January futues to test Rs 450 on the upside.
 "F&O Call: Nandish Shah recommends to long Glenmark Pharma futures")
Watch out for these key levels on HDFC Life, ICICI Pru, says Mehul Kothari
According to the technical analyst from Anand Rathi, HDFC Life can jump to Rs 660; while ICICI Prudential Life can rally to Rs 510.
 "Watch out for these key levels on HDFC Life, ICICI Pru, says Mehul Kothari")
Stocks to Watch: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance
Stocks to watch today: Sebi has acceded to the central government's request to reclassify its shareholding in IDBI Bank after its disinvestment as "public holding"
 "Stocks to Watch: RIL, Ambuja Cements, IDBI Bank, Voda Idea, VLS Finance")
Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale
Subject to govt voting rights not exceeding 15%
 "Sebi nod to reclassify govt holding in IDBI Bank as 'public' after sale")
Profit-booking takes some sheen off gold; commodity hits all-time high
The yellow metal had closed at Rs 56,195 per 10 gram in the previous trade. Silver also plummeted Rs 1,475 to Rs 69,286 per kilogram
 "Profit-booking takes some sheen off gold; commodity hits all-time high")
Time till Jan-end for entering details of non-convertible securities: Sebi
Earlier, this was to be complied by October 31, 2022