Announcements

LIVE: Indian equities set for a positive start to holiday truncated week; Banking stocks in focus | Opening Bell

The domestic equity indices are expected to open high on Tuesday in a holiday truncated week, tracking gains in Asian peers amid positive global market cues. Markets are likely to witness stock specific actions as investors react to corporate earnings for the December quarter. Stocks to watch include Zee Entertainment, ICICI Bank, Tata Motors, and Medi Assist amongst others. From the primary markets perspective, there will be only one public issue from the mainboard segment and the remaining six initial public offerings are from the SME segment, while their total fund raising will be little more than Rs 300 crore. Catch Nickey Mirchandani in conversation with Prashant Sawant-Founder Catalyst Wealth and Prateek Agarwal, Executive Director, Motilal Oswal AMC.

Live: Nifty poised for strong start|Road ahead for Zee after failed merger with Sony| Axis Q3 today

Nifty 50 is expected to be choppy in the short term with crucial hurdle on the higher at 21,850 and the support at 21,300, the low of this month. Hence, if the index breaks either side of this range, then the directional move can be seen in coming days, experts said. On January 20, the additional trading session of the week, the BSE Sensex fell 260 points to 71,424, while the Nifty 50 was down 51 points to 21,572. The index was down 1.5 percent for the week. This morning global cues are extremely encouraging with Wall Street hitting a new high overnight and the GIFT Nifty indicating a gap up start above the 21,700 mark. Among stocks in focus will be ICICI Bank, Zee Entertainment, Persistent Systems & Coforge among others. Catch Nandita Khemka in conversation with Sacchitanand Uttekar Vice President- Research (Derivatives And Technicals) At TradeBulls Securities and Nirav R Karkera, Head Research, Fisdom.

Hold Metro Brands; target of Rs 1109: Prabhudas Lilladher

Prabhudas Lilladher recommended hold rating on Metro Brands with a target price of Rs 1109 in its research report dated January 19, 2024.

Ikea to reduce 20% prices on its products - Juvencio Maeztu | Davos 2024

Ikea is focusing on deepening its presence in Indian metro cities such as Bangalore & Mumbai. He shares his insights on how Ikea plans to reduce its product prices by up to 20% in India. At WEF, Juvencio Maeztu speaks to Moneycontrol’s Chandra Srikanth on investments in Ikea, their plan for store expansions, and why their product base is unique. For more information watch this video.

Live: Nifty surges past 22,000 for the first time led by IT; HCL, IndusInd in focus|Closing Bell

22,000 on the charts for the first time .Nifty vaults nearly 200 points to hit record high . Sensex scales 73,000 mark for the first time. Nifty Midcap hits new high. Catch Nandita Khemka and Yatin Mota as they discuss stocks on their radar including HCL Tech and IndusInd Bank

Live: Medi Assist Healthcare IPO to open on January 15th | IPO Watch | Moneycontrol

Medi Assist Healthcare's IPO to open for subscription on Jan 15, 2024 and conclude on Jan 17, 2024. The company is a third-party administration (TPA) services provider to insurance companies and offers offers medical insurance and cashless hospitalization through a network of healthcare service providers. Catch Nickey Mirchandani in conversation with Dr. Vikram Jit Singh Chhatwal, Chairman and Whole-time Director & Mr. Satish V.N. Gidugu, Chief Executive Officer and Whole-time Director live on Moneycontrol to know more.

Exclusive: 35 senior partners to take early retirement from Deloitte India

The move is part of a leadership transition in the firm which is looking to move up the value chain in the consulting business and expand into niche areas.

LIVE: Wipro Q3 Margins 16% | PAT at ₹ 2,690 Cr | Mgmt Commentary | Earnings Express

I.T. company Wipro reported its Q3 earnings. The company's net profit fell by 12% to Rs 2,694 crore. The revenue was down 4%. This is the fourth consecutive quarter wherein the company has reported a fall in profits YoY. While HCLTech is likely to report better earnings performance than peers.

Live: HCL Tech & Wipro Q3 earnings preview | I.T. sector Q3 earnings in focus | Earnings Express

Wipro is expected to report its 4th straight quarter of declining revenue while margin too may be under pressure after wage hikes..meanwhile HCL Tech is likey to report the highest growth amongst peers with an expected sequential revenue growth of 4%.Stacy Pereira speaks with Omkar Tanksale - Senior Research Analyst - I.T., Axis Securities to get a perspective on overall I.T. sector Q3 earnings

LIVE: Indian equities set for a cautious start with good start of Q3 earnings season| Opening Bell

Indian equity benchmark indices, Sensex and Nifty 50, are expected to open on a cautious note on Friday tracking mixed global market cues, while investors will take cues from the domestic corporate earnings for the December 2023 quarter. Indian IT services majors Tata Consultancy Services (TCS) and Infosys reported their Q3 results on Thursday, kicking off the earnings season for the third quarter of FY24. TCS reported 6% sequential rise in Q3FY24 net profit to Rs 12,016 crore, while its revenue increased 1.5% QoQ to Rs 60,583 crore. Stocks to watch out includes TCS, Infosys and IT readthrough, Oil & Gas companies, Nykaa amongst others. Catch Nickey Mirchandani in conversation with Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities Pvt Ltd and Amit Jeswani , Founder of Stallion Asset.

Live: TCS, Infosys Q3 today; Street braces for weak earnings from IT giants | Earnings Express

India's largest IT companies Tata Consultancy Services and Infosys, are due later today. Quarterly earnings by the two industry leaders will set the tone for the entire IT sector. Most analysts anticipate growth for IT companies to remain subdued in the October-December period, largely due to weak seasonality amidst the holiday season in key markets like North America and Europe, along with uncertainty in discretionary spending and restrained technology budgets of clients. Regardless of expectations of subdued growth in Q3, analysts believe management commentary by these companies will take centerstage in the earnings season for IT majors rather than the actual numbers. Catch this chat between Moneycontrol's Nandita Khemka and Debangana Ghosh on what should one really be watching out for this time around.

LIVE: Indian equities to be range bound ahead of December quarter earnings | Opening Bell

The Indian stock market indices set for a cautious start amidst negative global set up Trends on GIFT Nifty indicate a flat start for the broader index in India. Stocks to watch out for include Phoenix Mills and Bank oF India Catch Nickey Mirchandani in conversation with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal; Chetan Thacker, Senior Vice President - Portfolio Manager, ASK Investment Managers

Live: Tech giants brace for weak earnings; TCS & Infosys Q3 today| SpiceJet, Phoenix Mills in focus

Indian equity benchmarks saw a sharp recovery from day's low and is consistently holding above the 21,500 mark on a closing basis Experts say the Nifty 50 may see northward journey towards the hurdle of 21,700-21,850 area in coming sessions, but overall, the index still has been in the range of 300-400 points since the starting of the current month. On January 10, the BSE Sensex jumped 272 points to 71,658, while the Nifty 50 was up 74 points at 21,619. The fear index India VIX dropped further, down by 2.2 percent to 12.97 levels. This morning global cues are fairly upbeat with Wall Street clocking in gains ahead of U.S. CPI data due later today. The GIFT Nifty is hinting at a good start above the 21,700 mark for the Nifty. Meanwhile, Q3 earnings season kicks off today with TCS and Infosys handing in their quarterly report card. What are the expectations and what should one watch out from the management commentary? Also among stocks in focus today are OMCs, SpiceJet and Phoenix Mills. Catch Nandita Khemka in conversation with Sumit Pokharna—Research analyst, Kotak Securities and Kush Bohra, Founder, kushbohra.com.

What do stricter GMP guidelines mean for Indian pharma companies?

The revised rules are expected to benefit companies focused on the domestic market. However, small companies may come under pressure because they may need a substantial capex to conform

Sugar shortfall sparks concerns for FMCG profit margins, prices

Analysts said companies may implement price hikes as a strategy to navigate the uncertainty around sugar prices. Another approach would be to optimise sugar usage or procure it at lower prices from overseas.

Lakshadweep vs Maldives: How India contributes to Maldives’ tourism & economy

Maldives’ economy is primarily driven by the tourism industry and India has been the largest tourist market for the country between December 2020 and June 2023, according to the Ministry of tourism (MoT) Maldives. India stood second with 18,905 Indian tourists arriving in the nation in November 2023 alone, accounting for 11.6% of total visitors. Not just tourism, Maldives is dependent on India for infrastructure too. Watch to know how India contributes to Maldives’ tourism & economy.

Varun beverages | Likely to witness higher gross and operating margins | Stock of the day

VBL is one of the leading players in the beverage industry with franchise rights across the Indian sub-continent and African region. Capex completion will lead to higher earnings growth in India while an increase in distribution reach in general trade will lead to higher penetration and growth. VBL will focus on non-carbonated drinks like dairy, juices, and sport drinks which will lead to bigger addressable markets. Non-carbonated drinks have higher realisation and better margin profile than carbonated drinks. With South African acquisition, VBL will mirror the same strategy which it has followed in India which will led to higher market share of Pepsico products.

LIVE: Indian equities brace for cautious start amidst negative global set up| Opening Bell

The domestic equity market is expected to open on a cautious note on Wednesday following mixed global market cues. Stocks to watch out for includes Delta Corp, Spicejet, Polycab India, PFC amongst others. Catch Nickey Mirchandani with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities and Anshul Saigal - market expert Nimesh Shah, Executive Editor at CNBC TV-18 brings out 10 reasons to be cautious on the markets

Live: 21500 key support for Nifty; Will banks continue to play spoilsport? Howler Q3 for Delta Corp

The market seems to be struggling hard to hold 21,500 mark, the immediate support level as bears made several attempts in the recent past to break the said support but bulls strongly resisted and helped the Nifty 50 close above the same mark. Hence, as long as the index holds the said support, the rangebound trade is expected to continue with resistance at 21,750-21,850 levels, experts said, adding if the index breaks 21,500, then possibly there may be strong action from bears. On January 9, the benchmark indices had a strong opening after a day of correction but erased most of gains in last hour of trade and finally settled with moderate gains due to profit taking at higher levels. Overall, the indices traded within the previous day's range. The BSE Sensex was up 31 points at 71,386, while the Nifty 50 gained 32 points at 21,545. The market breadth was slightly tilted in favour of bulls as about 1,198 equity shares advanced against 965 declining shares on the NSE. This morning global cues are weak with Wall Street clocking in mixed close and Gift Nifty hinting at a negative start. Also among stocks in focus today are among others. We also put the spotlight on stocks like Delta Corp, SpiceJet & Polycab among others. Catch Nandita Khemka in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research and Sanjay Agarwal, Senior Director and Head BFSI, Care Ratings.

BOSCH | Company to grow with significant demand for CV | Stock of the day

Bosch, a leading diesel injection system manufacturer, continues to do well. Our confidence in the company remains strong because of robust demand in the CV segment, its leadership position, and the emerging opportunities from technologically advanced products.

LIVE: Will markets recover the lost ground? Auto Stocks in focus | Opening Bell

The equity benchmark indices, Sensex and Nifty 50, are expected to open higher on Tuesday, rebounding from previous session’s steep losses, amid supported global market cues. Stocks to watch out for includes Bajaj Auto, Tata Motors, Zee Entertainment amongst others Catch Nickey Mirchandani in conversation with Aamar Deo Singh, Sr Vice President at Angel One and Aashish Somaiyaa, CEO, WhiteOak Capital AMC.

Live: Can Nifty defend 21,500 support? | FMCG stocks out of favour now? Bajaj Auto, Zee in focus

Indian equity market fell nearly a percent and again reached the crucial support of the 21,500 mark while breaking the 10-day EMA (exponential moving average of 21,569) within a week. Overall, it still seems to be in the range of 21,500-21,850, but in case of breaking the said support, the 21,350-21,300 zone will be key to watch out for on the downside, while on the higher side, the 21,800-21,850 zone will remain a the hurdle, said experts. On January 8, the BSE Sensex plunged 671 points to 71,355, while the Nifty 50 dropped 198 points to 21,513. The volatility also increased sharply, making the bulls uncomfortable at Dalal Street. The India VIX jumped 7.06 percent to 13.46, from 12.63 levels. The broader markets were also under pressure with the Nifty Midcap 100 and Smallcap 100 indices falling 1 percent and 0.6 percent, respectively. This morning, however, global cues are supportive with Wall Street clocking a smart rebound led by tech stocks and Asian markets kicking off the day on a positive note. The GIFT Nifty is hinting at a start above the 21,700 mark today. Also among stocks in focus today are Bajaj Auto and Zee among others. We also put the spotlight on FMCG stocks after Q3 business updates point to flat sales. Catch Nandita Khemka in conversation with Sacchitanand Uttekar, VP- Research-Derivatives And Technicals, TradeBulls Securities and Kaustubh Pawaskar, Deputy VP - Fundamental Research, Sharekhan by BNP Paribas.

Market Live: Nifty at 21,500, Sensex down to 680 points; Metal, FMCG, Banks top drag | Bajar Gupshup

Benchmark indices ended lower on January 8 with Nifty below 21,550.UPL, SBI, SBI Life Insurance, Divis Labs and HUL were among top losers on the Nifty, while gainers were Adani Ports, HCL Technologies, ONGC, Power Grid Corporation and BPCL. Among sectors, FMCG, Pharma, and Metal down 1 percent each, while Power and Realty indices up 0.6 percent each.BSE Midcap index shed 0.7 percent and smallcap index down 0.2 percent.For more analysis on market highs and lows tune into Bajar Gupshup with Yatin Mota only on Moneycontrol.

GCPL launches Rs 515-cr manufacturing plant at TN investor meet

Inaugurated on the sidelines of the ongoing Global Investors Meet 2024, in Chennai, this plant is located in the Chengalpattu district near the state capital and aims to enhance delivery times, optimise inventory management, and reduce overall costs, the company said in a statement.