Page 678 - Markets News
Ajit Mishra of Religare Broking says buy Wipro, Apollo Tyres, Bajaj Finserv
On the weekly chart, Wipro stock has been in a steady uptrend since April 2023, reflecting a sustained bullish trajectory.
 "Ajit Mishra of Religare Broking says buy Wipro, Apollo Tyres, Bajaj Finserv")
Ruchit Jain of MOFSL recommends buying these three stocks on January 23
Bajaj Finserv stock has shown a relative outperformance to the broader markets in last few days and has now given a breakout from a consolidation phase
 "Ruchit Jain of MOFSL recommends buying these three stocks on January 23")
India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report
Government investment reached 4.1 per cent of GDP in FY23, the highest since FY12, while private sector investment as a share of GDP climbed to 11.9 per cent
 "India Inc's investments rise 39% to Rs 32 trn in nine months: SBI Report")
Budget hopes fade as Modi 3.0 market gains erased, Nifty back to June lows
After gaining as much as 12%, Nifty is back to levels seen before PM Modi's third swearing-in
 "Budget hopes fade as Modi 3.0 market gains erased, Nifty back to June lows")
Hudco Q3 results: PAT grows 41.6% to Rs 735 cr, revenue at Rs 2,760.23 cr
The company recently committed funding of Rs 25,000 crore for port development
 "Hudco Q3 results: PAT grows 41.6% to Rs 735 cr, revenue at Rs 2,760.23 cr")
Valuations support ICICI Prudential Life despite margin challenges
After a sharp selloff, IPRU looks relatively inexpensive in valuations compared with its peers. Investors will have to offset continuing margin pressures versus the trend of volume growth
 "Valuations support ICICI Prudential Life despite margin challenges")
India among top 3 least favoured Asian stock market amid multiple headwinds
Global fund managers overall expect less than 5 per cent return from Asia stocks (excluding Japan) in a year, according to BofA Securities
 "India among top 3 least favoured Asian stock market amid multiple headwinds")
Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains
The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97
 "Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains")
Gold near 3-month high on softer dollar, Trump policy uncertainty
U.S. gold futures gained 0.3% to $2,766.80
 "Gold near 3-month high on softer dollar, Trump policy uncertainty")
Sensex gains 566 points as IT stocks surge, AI optimism offsets tariff woes
The Sensex ended the session at 76,405, up 566 points, or 0.75 per cent. The Nifty 50 index closed at 23,155, gaining 131 points, or 0.6 per cent
 "Sensex gains 566 points as IT stocks surge, AI optimism offsets tariff woes")
CBDT clarifies PPT application, grants relief to FPIs with grandfathering
Tax authority says provision will be outside the purview of PPT in respective DTAAs
 "CBDT clarifies PPT application, grants relief to FPIs with grandfathering")
PE-VC bets grow 5% to $56 bn in 2024, 2025 to be challenging: Report
In the year gone by, PE and VC funds' deal volumes surged 54 per cent to 1,352 transactions, indicating a decline in the average value when compared to the previous year
 "PE-VC bets grow 5% to $56 bn in 2024, 2025 to be challenging: Report")
BSE Realty index hits 10-month low; Oberoi, Prestige, Lodha fall up to 7%
The BSE Realty index was trading at its lowest level since March 26, 2024, and has corrected by 23 per cent from its December 2024 high.
 "BSE Realty index hits 10-month low; Oberoi, Prestige, Lodha fall up to 7%")
BNP Paribas sees cloudy outlook for equities, projects single-digit returns
BNP Paribas projects the Nifty 50 to reach 25,500 by the end of 2025, representing a 10 per cent gain from Wednesday's closing level
 "BNP Paribas sees cloudy outlook for equities, projects single-digit returns")
NSE adds 10 million investors in 5 months, surpasses 110 million mark
Investor registrations at the NSE have experienced a remarkable acceleration in recent times, with a 3.6 times jump in the last five years
 "NSE adds 10 million investors in 5 months, surpasses 110 million mark")
Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%
Stock Market Close Highlights, Jan 22: The NSE Nifty 50 index ended 131 pts higher at 23,155. Sectorally, the Nifty IT index soared over 2 per cent, while the Realty index cracked almost 5 per cent.
 "Stock Market Highlights: Sensex ends 567pts up led by Infy, HDFC Bank; Broader indices fall over 1%")
JSW Steel Q3 Preview: Profit may plunge up to 80%, Ebitda to drop 30% YoY
JSW Steel is expected to face a challenging Q3FY25, with analysts forecasting weaker earnings due to softer steel prices and subdued demand
 "JSW Steel Q3 Preview: Profit may plunge up to 80%, Ebitda to drop 30% YoY")
Some equity firms shut shops after Sebi's new norms on research analysts
The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices
 "Some equity firms shut shops after Sebi's new norms on research analysts")
Polycab India share extends fall post Q3 results, down 12% in 2 days
Demand for cables was healthy, however, downward trend in copper prices and high channel inventory of wires at the beginning of the quarter led to slowdown in the wires business, the company said
 "Polycab India share extends fall post Q3 results, down 12% in 2 days")
HDFC Bank Q3 results: Profit rises 2% YoY to Rs 16,736 cr; shares up 1%
HDFC Bank Q3 results: On the bourses, HDFC Bank share price recovered sharply from the day's low after the announcement of Q3 results as the bottomline was better than Street estimates
 "HDFC Bank Q3 results: Profit rises 2% YoY to Rs 16,736 cr; shares up 1%")