Traditionally, the Finance Secretary-considered the first among equals and the senior-most secretary in the ministry-plays a key role in coordinating Budget-related activities and overseeing the ministry's day-to-day functioning.
Adani Enterprises, Shriram Finance, NTPC, ICICI Bank, Jio Financial were among major losers on the Nifty, while gainers were Asian Paints, ONGC, Bharat Electronics, HCL Technologies. Eternal. BSE Midcap index shed 0.8%, while smallcap index fell 1.7%. Among sectors, except IT, PSU Bank, Oil & Gas, all other indices ended lower with auto, FMCG, realty, consumer durables down 1-2 pe
IT sector looks especially compelling on a 3–5 year view, as the sector is back to its historical valuation range, said Carnelian’s Manoj Bahety.
Bill McGinley’s high-profile hire is the latest indication of the company’s increasingly cozy relationship with President Donald Trump and his administration.
Momentum indicators and a rising VIX signalled caution for bulls. The next support is placed at 25,700, and if Nifty 50 falls decisively below this level, a move toward 25,600–25,500 cannot be ruled out.
The market is expected to consolidate with range-bound trading after the sharp correction. Below are some short-term trading ideas to consider.
Stocks to Watch, 9 January: Stocks like Elecon Engineering Company, Bajaj Finserv, Bharat Forge, Astra Microwave Products, Waaree Renewable Technologies, Andhra Cements, Rail Vikas Nigam, Devyani International, Bharat Electronics, Bharat Heavy Electricals, Power Grid Corporation of India, and Highway Infrastructure will be in focus on January 9.
The rebound may be possible, but sustainability is the key to watch. If the index sustains below the 50 DEMA (25,900), the downward journey may extend toward 25,700, followed by 25,500. However, on the higher side, 26,000 is expected to act as resistance.
Bharat Coking Coal IPO | BCCL has finalised allocation of 11.87 crore equity shares to anchor investors at Rs 23 per share.
Gabion Technologies IPO | The IPO share allotment will be finalised by January 9, while its shares will be available for trading on the BSE SME effective January 13.
Despite big stake acquisition, Maruti Interior Products shares closed lower at Rs 209.65 on the BSE, down 0.78 percent amid high volumes.
The Working Group will be chaired by Dr DB Phatak, Professor Emeritus at IIT Bombay. Its members include chairpersons of the Standing Committee on Technology (SCOT) of MIIs, senior officials from stock brokers and Registrars and Transfer Agents (RTAs), as well as experts in technology and the securities market.
During the trading session, FPI/FIIs bought shares worth Rs 11,090 crore, while offloading Rs 14,457 crore. DIIs net bought shares worth Rs 18707 crore and sold Rs 15,006 crore.
The open-ended strategy under the Dyana SIF by 360 One Mutual Fund umbrella aims to generate long-term capital appreciation by investing primarily in listed equities and equity-related instruments, while also using derivatives to take limited short positions.
SEBI clarified that all reporting requirements applicable to mutual funds under the SEBI (Mutual Funds) Regulations, 1996, the Master Circular for Mutual Funds, and other related guidelines will also apply to SIFs.
Beyond the Q3 results, the corporate commentary on the continuing effect of stimulative measures will be critical, Motilal Oswal said.
Shares of Amagi Media Labs are proposed to be listed on the BSE and NSE on January 21.
The proposed futures contract will provide market participants with a transparent, efficient, and robust risk management tool aligned to the evolving natural gas pricing framework, the exchange said.
As per the strategy framework, the fund will allocate up to 65% of its portfolio to short- to medium-term debt and money market instruments, while maintaining a minimum 35% allocation to fully hedged equity positions.
Sector bellwether Accenture's recent earnings beat Wall Street expectations on AI-led demand.
The weekly options data suggested that the Nifty 50 may trade in the 25,500–26,200 range in the short term.
Large caps are expected to outperform mid- and small-cap stocks, driven by relative valuation comfort. Mid-cap and small-cap indices, despite correcting since September 2024, are still trading at approximately 40% and 20% premiums, respectively, to the Nifty 50—well above historical averages, where small caps typically traded at a discount.
As long as Nifty manages to hold above 25,850, buying interest may emerge at lower levels, an analyst said.
Biggest Nifty losers were Hindalco Industries, ONGC, Jio Financial, Wipro, Tech Mahindra, while gainers included ICICI Bank, Eternal, SBI Life Insurance, Bharat Electronics.
Satyen J Mamtora has been appointed as the company's new CEO
