Announcements

Godrej Consumer Q3 update: Firm reports steady global growth amid market challenges

Godrej Consumer Products' Indonesia business continued to deliver compelling performance, with close to double-digit volume growth and high-single-digit constant currency sales growth. the company said in a regulatory filing.

Marico Q3 biz update: Revenue falls in low single-digits

Parachute Coconut Oil achieved low single-digit volume growth, and there was a positive trend in converting loose sales to branded products

Chirag Agrawal takes over as Deloitte South Asia's new head of corporate finance

Agrawal, an alumnus of London School of Economics and Politics Science , has over two decades of investment banking experience

LIVE: OMCs hike procurement price of Ethanol produced from Maize by Rs 5.79/ltr| Commodities Corner

Oil Marketing Companies (OMCs) announced an additional incentive of Rs 5.79 per litre (Excluding GST) for ethanol sourced from maize. After this incentive hike, the cost of ethanol sourced from maize will rise from Rs 66.07 per litre to Rs 71.86 per litre. Catch Manisha Gupta with more details

Beauty, personal care products lead D2C sales in 2023, vitamin-C serum top pick

The three most ordered products in the beauty and personal care category were vitamin-C serums, night creams and hair-growth serums, GoKwik's network data report has said

Live: Nifty to target record high again? | Grasim & Dabur in focus | Morning Trade

Are we in the midst of a price-wise correction? After 2 days of selling, Nifty managed to bounceback proving that there might be more steam left. The clear outperformer is the midcap index that crossed the 47,000 levels for the 2nd straigh day. But as we enter into corporate earnings season, will shareholders be rewarded? Among the stocks in focus today, included Grasim, Sobha developers, power fincorp and others. Stacy Pereira discusses these stocks & strategies with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer & Kranthi Bathini - Equity strategist at WealthMills securities pvt ltd

Jefferies anticipates rural recovery in 2024 despite challenges

India’s packaged consumer goods companies reported robust urban growth in the September quarter, marked by a consumer preference for premium products, while demand in rural markets remained subdued.

Live: Indian equities set to snap 2-Day losing streak | I.T. stocks in focus | Opening Bell

India's benchmark Nifty 50 index is set to open higher on Thursday, after easing from near record highs in the past two sessions as investors continue to fret over the timing of U.S. rate cuts. Banking, Telecom stocks will be update on back of Q3 and October month updates respectively. IT Names will be in focus on back of JP Morgan report on the sector. Buyback plans by Dhampur Sugar and Chambar Fertilizers to will be watched out Catch Nickey Mirchandani with Chandan Taparia ,Senior Vice President, Head - Derivatives & Technical Research , Motilal Oswal and Sandip Agarwal -Fund manager, Sowilo Investment Managers.

Live: Nifty's make-or-break moment | FOMC minutes in focus |Morning Trade

Consistent correction is what the techincal charts are indicating for benchmark Indian indices. Market could also react to minutes of Fed's Dec meeting taking cues from wall street. Has an uncertain future on rate cuts made investors rethink in the short-term? Among stocks in focus will be Vedanta after getting bond holders approved for its restructuring plan, Jio FInancial services as it awaits SEBI's approval for a Mutual Fund Licence and Maruti who's subsidiary SMG has recieved a tax order from Gujarat GST Dept. Stacy Pereira discusses this Jay Patel, Research Head at Investmentor Securities & Ashutosh Sharma, Head of Forrester Research India

Live: Buy on dips opportunity awaits equity investors | Adani-Hindenberg case in SC |Opening Bell

Nifty50 remains under pressure amidst the volatility that the indian equity market is expereincing. A negative divergence on the daily charts could suggest a potential cool-off from the recent uptrend. Index is expected to remain in a range of 21,350-21,800. So at the lows, will it be a good time ti enter the stock market? Which Sectors are going to be the outperformers in 2024? and what kind of stocks should you be building your portfolio with? Stacy Pereira discussed all this and more with Rajesh Palviya · Senior Vice President Research (Head Technical & Derivatives ) at Axis Securities Limited & Feroze Azeez, Deputy CEO, Anand Rathi Wealth Limited on Opening Bell

US FDA releases detailed observations at Torrent's Chhatral unit; shares trade high

This was a Pre-Approval inspection conducted from 5 December to 11 December 2023.

Live: Indian equities to start on a negative note? Auto stocks in focus | Opening Bell

The start of 2024 for the Indian equity market might be lackluster. Trade is expected to be thin as Asian markets are closed today. The US and most European markets will also remain closed today. Most of the stock markets around the world are shut today on New Year’s Day. December Auto Sales | Stocks Like Bajaj Auto, Maruti, Hero MotoCorp, Escorts Kubota and the entire Auto sector will be in focus on Monday as companies will report their sales figures for December, the final month of 2023 and the quarter as well. Separately, Stocks that need to be watched out for include Grasim Industries, Kolte-Patil, Dr Reddy’s Lab amongst others. Catch @onlynickey with Brijesh Ail, Head Technical & Derivatives, Retail Research (IDBI Capital Markets and Securities and Sunil Subramaniam, MD and CEO, Sundaram Mutual Fund

Crypto outlook 2024: The growth of Bitcoin in 2023 | Trends for investors in 2024

In 2023, the cryptocurrency market saw ups and downs, but it also produced profitable gains. This year, the price of bitcoin increased 160%, drawing in institutional money. By 2024, Bitcoin might be worth about $70.5 billion. Watch to know more

Live: Nifty knocking at 22k on last trading day of 2023| Federal bank in focus| Innova captab lists

Indian equity market hit a fresh record high on December 28, the expiry day for December futures & options contracts, and continued uptrend for five days in a row with strong volumes. Hence, experts expect the ongoing momentum, especially seen after the recent consolidation breakout, to sustain in the coming days with the Nifty 50 aiming for the psychological 22,000 mark, while the 21,700-21,500 may act as a support zone at the beginning of the January series. In addition, the index continued higher highs, and higher lows formation four days in a row with the gap up opening in the last two trading days. On December 28, the BSE Sensex jumped 372 points to 72,410, while the Nifty 50 rose 124 points to 21,779. The broader markets also performed in line with benchmarks as the Nifty Midcap 100 and Smallcap 100 indices gained 0.6 percent and 0.8 percent respectively, while the India VIX retreated a bit after a sharp jump in the previous two days, falling 2.7 percent to the 15.14 levels. This morning global cues are positive with S&P 500 approaching record levels and the GIFT Nifty signalling higher highs and a start above the 21,900 mark. Will Nifty make a dash at 22,000 on the last trading day of 2023. Also among stocks in focus today, we put the spotlight on Federal bank, RBL Bank, PNB among others. Catch Nandita Khemka in conversation with Raja Venkatraman, Co-Founder NeoTrader & Trading Influencer and Sahil Kapoor, Head-Products & Market Strategist, DSP Mutual Fund.

Zydus Life subsidiary gets Income Tax demand of Rs 280 cr

ZHL does not expect the said intimation to have any material financial impact as the above-mentioned adjustments are not sustainable in law and are wholly defendable on the facts of the case, the company added

Anupam Rasayan signs Rs 507-cr Letter of Intent with Japanese firm

The agreement is for the supply of new age polymer intermediate and has a revenue potential of $61 million. The product will be manufactured in the company's existing and new multipurpose manufacturing facilities, Anupam Rasayan said in a release.

Kalyan Jewellers wants to chart an independent course for ‘ Candere’ brand

The company plans to double the number of stores in the next two years to try and come close to Titan's scale, although a gap may still persist as Titan is adding 30-40 showrooms per year.

CCI seeks comments on new regulations to determine turnover of enterprises

In April 2023, the President of India approved the Competition Amendment Bill, 2023, which brought in a series of changes to competition law for the first time since 2009. The new regulations are part of these changes.

Live: Nifty back near 21,400 as Santa rally continues; LIC, Polycab in focus| Mid-day Mood Check

Nifty ralliest past 21,300 with 100-poing move on index. Nifty Gainers include Coal India, Tata Motors, Divi's Lab & Maruti. Nifty Losers include Grasim, HDFC Bank, BPCL & RIL. Catch Nandita Khemka & Yatin Mota live on Midday Mood Check

India's retail sales rise 7%, fails to meet anticipated double-digit growth

The survey indicated a growth in high-value products, with jewellery businesses benefiting from higher gold prices and increased demand during the latter part of November due to the wedding season.

Biometric Mandatory for New Sim | No More Promo Calls & Messages | New Changes in ITB Bill 2023

The Telecommunication Bill 2023 has been passed in the Lok Sabha. The new version has made some weeping changes giving the govt powers to intercept messages in case of a war like situation. Moreover, one will now have to give consent in order to receive promotional calls and messages and Telecom operators will mandatorily have to collect biometric data while issuing new SIM cards. What other changes has the govt made in the Indian Telecommunication Bill 2023? Watch this video to find out

LIVE: Markets off day’s low, mid & smallcaps show strength; IT & autos Gain| Mid-day Mood Check

Indian market sees a notable recovery as both Nifty and Sensex stage impressive rebound from their opening lows. Nifty is off over 150 points from opening lows, showcasing resilience in the face of initial downward trends. Similarly, Sensex surged with an impressive rebound of over 500 points from its early lows. The breadth of the market favoured gainers, with mid and small-cap stocks exhibiting notable strength. Among the top Nifty gainers are Britannia, Power Grid, HDFC Bank, Eicher, and RIL. Conversely, some notable losers include Axis Bank, Cipla, L&T, SBI Life, Bajaj Auto, and ICICI Bank. Catch this mid-day mood check with Nandita Khemka and Yatin Mota as they chat up with CNBC-TV18's Nimesh Shah about the sentiment in the dealing room amid the market volatility.Indian market sees a notable recovery as both Nifty and Sensex stage impressive rebound from their opening lows. Nifty is off over 150 points from opening lows, showcasing resilience in the face of initial downward trends. Similarly, Sensex surged with an impressive rebound of over 500 points from its early lows. The breadth of the market favoured gainers, with mid and small-cap stocks exhibiting notable strength. Among the top Nifty gainers are Britannia, Power Grid, HDFC Bank, Eicher, and RIL. Conversely, some notable losers include Axis Bank, Cipla, L&T, SBI Life, Bajaj Auto, and ICICI Bank. Catch this mid-day mood check with Nandita Khemka and Yatin Mota as they chat up with CNBC-TV18's Nimesh Shah about the sentiment in the dealing room amid the market volatility.

Piramal to provide for 83% of its AIF investment, IIFL Finance does not see any impact

The release reveals that out of the remaining Rs 3,164 crore (Rs 3,817 crore investments minus Rs 653 crore with no exposure), downstream investments worth Rs 1,737 crore have been made by AIFs into three entities that are (or were in the last 12 months) debtor companies of Piramal Enterprises.

Live: Nifty hits new high as buying continues in FMCG| ONGC top gainer| Bumper listing for DOMS

Nifty hits fresh high as it comes close to 21,600 mark. The mid & smallcaps continue to outperform.Catch this mid-day market mood check with Nandita Khemka & Yatin Mota to know about all the movers and shakers in today’s session!