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Delhi grappled with a severe cold wave today, causing widespread disruptions in air and rail travel. The National Capital woke up to another chilling morning with temperatures recorded in single digits, leading to dense fog and significantly reduced visibility.

Weather Update: Dense fog, cold wave to continue for next 5 days; flight delays at IGI airport | Check IMD forecast here “No dense fog is reported during the night at IGI," the IMD said. As per the IMD, Ambala in Haryana reported 200 meters of visibility, Hissar 500 meters, Delhi's Safdarjung 500 meters, and Palam 1100 meters.

Tata Mumbai Marathon (TMM). Some would have finished, some will still be pounding the pavement, others might have found the distance a little too much.

Niraj Shah said Wayfair's aim is to maximize the company's free cash flow and potentially reduce its total share count. "We went overboard in hiring during a strong economic period and veered away from our core principles," Shah said in a note to employees. Boston-based Wayfair announced rounds of layoffs in 2022 and 2023.

BSE Sensex which posted its worst week in over two months. The broader indices comfortably achieved weekly gain of over one per cent, driven by a sharp rally by railway public-sector undertaking (PSU) stocks. The frontline indices grappled to gain momentum this week amid global uncertainties and lacklustre earnings by major companies so far.

Dividend Stocks: Shares of some companies, including Wipro Ltd, Angel One, Mastek, and few others will others will trade ex-dividend in the coming week, starting from Tuesday, January 23. Some other companies will also trade ex-split while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

Also Read: NHPC spikes 15%, BSE PSU index records new all-time high surging over 3.5% Among these, Rail Vikas Nigam witnessed an outstanding rally of almost 58% throughout this week. Today, the stock hit its 10% upper circuit limit, reaching a new all-time high of ₹320.35 apiece, lifting the company's market capitalisation to ₹66,793 crore. Notably, the company gained ₹24,356 crore in market value just this week.

₹10,272 crore from ₹8,312 during the same quarter last year. The bank reported a healthy jump of 10% in its core operating profit and the asset quality of the bank remained stable during the quarter ending December 2023. Earlier today, shares of ICICI Bank settled 0.92 per cent higher at ₹1,008.30 apiece on the BSE.

Ayodhya and the construction of the temple. A pran pratishtha ceremony will be held at the Ram Mandir in Ayodhya on Monday, culminating more than 70 years of struggle between the Hindu and Muslim sides which had started after an incident in 1949 and settled with a Supreme Court verdict in 2019. KK Nayar, an ICS officer from the British times, was the district collector of Faizabad, which included Ayodhya, in 1949, while former principal secretary to the prime minister Nripendra Mishra heads the committee under which the temple is being constructed. When Nayar defied Nehru Kadangalathil Karunakaran Nayar, or KK Nayar, was the district collector of Faizabad when the idols were placed inside the Babri Masjid in 1949. Ayodhya was part of the Faizabad district. Despite then prime minister Jawaharlal Nehru's order to remove the idols from the mosque, Nayar refused to act and this began the litigation by Hindus and Muslims over the Ram Janmabhoomi. The booklet that comes with the invitation card to the Pran Pratishtha ceremony at the Ram Mandir on January 22 includes a profile of Nayar among those who contributed to the Ram Janmabhoomi movement in different ways, as per a TimesNow report. Born at Alleppey in Kerala, Nayar studied at Sanatana Dharma Vidyashala, Alleppey, and went on to study at University College, London, after which he joined the Indian Civil Service.

Persistent Systems on Saturday said that its has board approved splitting the value of shares in the ratio of 2 for 1. The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed.

ALSO READ: ED summons Jharkhand CM Hemant Soren for 8th time, asks to appear between January 16-20: Sources Following this, several Jharkhand Mukti Morcha (JMM) workers gathered at the Chief Minister's residence and raised slogans against the ED probe. The ED asked Soren to appear before the agency between January 16 and 20.

Budget 2024 on February 1, expected to balance populist measures and fiscal prudence. India must simplify land purchase policies and digitize records to prevent complex acquisition processes from derailing projects, suggested Suren Goyal, partner at RPS Group. Rationalizing taxes, funds access, and compliance rules will also assist developers in mitigating risks from related uncertainties, he added.

₹78 apiece following the release of the bank's Q3FY24 numbers. The bank reported a robust performance in all key parameters. It reported a 57% YoY jump in its standalone net profit to ₹1,458 crore.

The S&P 500 reached a new all-time high Friday, driven in part by semiconductor stocks on the back of strong AI spending trends. It was the first record close for the bellwether index in over two years.

Ceenik Exports have given phenomenal returns to their investors in the last 1 year. The stock has delivered a whopping 1,096 percent return to its new high of ₹147.70 currently from ₹12.35 in January 2023. This implies that an investment of ₹10,000 in this penny stock in January 2023 would have turned into ₹1.19 lakh now.

Rail Vikas Nigam and Indian Railway Finance Corporation (IRFC), locked in 10% upper circuit limit in today's trade, while another railway PSU, Ircon International, soared by an additional 15%, touching a new all-time high of ₹261.35 apiece. Railway PSUs have been on an upward trajectory since the government announced a substantial capital outlay of ₹2.40 lakh crore for the Indian Railways in the Union Budget 2023-2024. This marked the highest-ever outlay, approximately nine times the investment made in 2013–14.

Stellantis NV boss Carlos Tavares has warned carmakers cutting electric vehicle prices too fast risked a “bloodbath” in the industry, hours after Ford said it was reducing production of its battery-powered F-150 Lightning pick-up truck because of weaker sales.

Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, while India’s valuation premium over China has hit a record. Locally, a meltdown in Chinese shares is wreaking havoc on the nation’s asset management industry, pushing mutual fund closures to a five-year high. The Hang Seng China Enterprises Index has already lost 11% in 2024.

IRCON International soared 15 percent in intra-day deals today to its new high of ₹261.35 followed by Rail Vikas Nigam (RVNL), which has rallied 10 percent to its record high of 320.75. Meanwhile, IRFC (Indian Railway Finance Corp) surged 9.7 percent to its new peak of ₹176. RailTel jumped 8 percent to its all-time high of ₹417.80 and IRCTC advanced 4.7 percent to its 52-week high of ₹1,029.85.

Also Read: HUL share price drops over 2% after muted Q3 results; should you buy, sell or hold the stock? “We are of the opinion that the company is well-positioned to benefit from the robust capital expenditure cycle in the industries it operates, including petrochemicals, oil and gas, and green hydrogen initiatives. Also, the company is well positioned to take advantage of the export markets as well as diversification of its products," said Anand Rathi. The brokerage firm initiated a ‘Buy’ rating on the stock with a target price of ₹3,568 per share for a time horizon of 12 months.

Kotak Mahindra Bank Q3FY24 performance to be announced on Saturday. The market nervousness was visible and share price of Kotak Mahindra Bank ended 0.66% lower on Friday on the BSE. The caution on Banks prevails as market participants are not being kind to any disappointments in Q3 performance and even slight miss in the results on any parameters is leading to sharp correction in stock prices as had been the case with HDFC Bank.