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JSW Steel Ltd’s profit slumped 70% on year to Rs 719 crore in the December quarter as weak prices of steel weighed on earnings, even as the steel-maker’s production was at an all-time high during the quarter. The bottomline was also impacted by an exceptional loss of Rs 103 crore.

DLF reported net profit of Rs 1,055 crore, during Q3 FY25 against Rs 648 crore in the same period a year ago, as it recorded the highest quarterly sales booking of Rs 12,093 crore backed by super luxury offering, The Dahlias in DLF 5, during the quarter. The project alone generated Rs 11,816 crore of new bookings in the opening quarter helping the company to surpass its annual guidance with a quarter left.

Adani Power (APL) stock, domestic brokerage firm Ventura Securities has given a ‘buy’ rating and set a target price of Rs 806. According to Ventura Securities, APL stands out as one of the largest, fastest-growing, and operationally efficient companies. The upside potential as stated above is from the stock’s present share price at Rs 513.

«We were successful during the course of converting a number of those into permanent contracts and that will give us a foundation for growth as we go into the future,» says Jonathan Hunt, Syngene International. It was a good quarter coming in when you talk about the third quarter. But I also wanted to talk about your discovery services division particularly. So, the initial China plus one pilot project with large and mid-sized pharma companies as well starting to convert into longer-term contracts. So, tell us a little more about this particular division then. Jonathan Hunt: I should start with the results. Overall, we saw a return to growth. As you know, during the course of the year, we saw a little bit of softness in the first half. First quarter, second quarter revenue were both minus 2%. But we predicted that the second half of the year things would start to pick up and we hoped that we would get back to growth and that is exactly what we saw, so plus 11% for the quarter. Nicely balanced across the business.

«Our sense is that the recovery has started, government has started spending again, maybe not to the extent on the budgeted estimate, we will be still short of that, but we believe that the rest of FY25 we could see a sharp recovery coming on the capex side,» says Pankaj Tibrewal, IKIGAI Asset Manager. You have been quite bearish in terms of what you have been indicating in terms of your post and in terms of your communication that markets in the month of November and December had run up. Now that markets have corrected, is it time to be more constructive? Pankaj Tibrewal: So, if you look at it, three-four things have happened which were making us nervous for the last five-six months and we were cautioning all investors that the health of the economy is not in best of the shape. First, the liquidity, we spoke to dealer, distributors across for the last few months and the durable liquidity in the system is extremely tight and that is also reflected on the laf window if you look at the banking liquidity. Clearly, that incrementally with the governor change, our view is that that would be addressed and slowly and gradually if liquidity starts to ease out, that will be the first positive sign for all.

Bitcoin (BTC), the world’s largest cryptocurrency, surged by 3% to reach the $105,000 mark in Friday’s trading following an executive order from U.S. President Donald Trump. On Thursday, Trump directed the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the possibility of establishing a national cryptocurrency stockpile. This move fulfilled his promise to quickly overhaul U.S. crypto policy.

«The government knows that there is a slowdown, but still the government capex, government spending has not picked up. Now what is leading to that, why this stagnation is there, and what is their thought process it will become clear in a week when the budget comes in,» says Sandip Sabharwal, asksandipsabharwal.com. What could be interesting in this market falls could be insurance. Their numbers were not bad. I looked at HDFC Life numbers, decent. Three-four years, like you said, Kotak Mahindra Bank insurance stocks have also done nothing, nobody likes them, nobody owns them, and genuinely I see that there is a turf of growth which seems to be getting made. Sandip Sabharwal: Yes, I would agree like especially for hdfc Life the expectations were low, they reported decent numbers, stock ran up, now it has consolidated a bit. So, I think that could potentially be one stock from the insurance sector which could do well. Similarly, ICICI Lombard number on general insurance were pretty decent.

Q3 earnings, Bharat Petroleum Corporation Ltd. (BPCL) continues to attract attention from global brokerages. CLSA has upgraded BPCL’s stock to ‘Hold’ from ‘Underperform,’ while Morgan Stanley maintains its bullish stance with an ‘Overweight’ rating. CLSA has set a target price of Rs 270 for BPCL, noting a manageable impact on the company’s gross refining margin (GRM) from U.S. sanctions on Russia. The brokerage also highlighted a 24% correction in BPCL's stock since October 2024. While CLSA has lowered its earnings estimate by 3% for FY25, the firm expects the government to largely compensate BPCL for its LPG losses in the upcoming Union Budget.

Emerging markets could be seeing a dreaded "sudden stop" of capital flows as President Donald Trump's 'America First' policies pump up the U.S. economy and suck money away from poorer countries, investment bank JPMorgan warned on Thursday. Analysts fear sudden stops in capital flows because they starve economies of the money they need to grow or even just keep going.

third quarter earnings season is underway and about 81 companies will announce their results on Friday. Key results to watch out for include IndiGo, JSW Steel, DLF, Godrej Consumer and AU SFB. Apart from the above, companies like Bank of India, Aditya Birla Money, Centrum Capital, DCB Bank, EMS Ltd, Granules India, Trident, Ugro Capital, Vimta Labs and a few others will also declare their quarter results.

Brent crude futures were down 50 cents at $77.95 a barrel by 0044 GMT. U.S. West Texas Intermediate crude (WTI) shed 31 cents to $74.31.

KEI Industries and Tanla Platforms may grab attention today, January 24 as these companies had announced interim dividends for their eligible shareholders, fixing January 27 as the record date. This means that the shareholders, whose names appear in the companies’ books as of the record date, will be eligible to receive the dividends.

«I am not an advocate, nor a critic… it is not what it was supposed to be, which was an alternative to banking,» said Anne Walsh, chief investment officer at Guggenheim Partners, which is headquartered in New York and Chicago.

Gold prices edged higher and were on track for a fourth straight weekly gain on Friday, as uncertainty about U.S. President Donald Trump's trade plans took wind out of the dollar's sail, boosting demand for the safe-haven asset.

corporate earnings and digested comments from President Donald Trump, including a call for cuts in interest rates and oil prices. At the World Economic Forum in Davos, Switzerland, Trump demanded that OPEC lower oil prices and that central banks reduce interest rates, while he warned global business leaders they will face tariffs for products made outside of the U.S. While investors have been cautiously monitoring Trump's comments about tariffs, they «like the idea of interest rates coming down, of oil prices coming down,» said Lindsey Bell, chief strategist at 248 Ventures.

The BOJ concludes its two-day policy meeting later in the day and markets have fully priced in a 25-basis-point hike, with comments from BOJ officials in recent times also hinting at such a move.

national cryptocurrency stockpile, making good on his promise to quickly overhaul U.S. crypto policy. The much-anticipated action also ordered that banking services for crypto companies be protected, alluding to industry claims that U.S. regulators have directed lenders to cut crypto companies off from banking services — something regulators deny. The order also banned the creation of central bank digital currencies in the U.S. which could compete with existing cryptocurrencies.

Asian equities rose, following a rebound in technology stocks that pushed Wall Street to a record high. Oil fell after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts. Equity benchmarks rose in Tokyo ahead of a key interest rate decision by the Bank of Japan later Friday, where a hike is expected. Stocks also rose in Sydney and Seoul. The S&P 500 advanced 0.5%, with the gauge topping the 6,100 milestone. Tech shares, which weighed heavily on the market throughout most of the session, rebounded in the final stretch of trading. A gauge of dollar strength was flat.

JSW Steel, Adani Green, Indus Towers, Dr Reddy's, Patanjali Foods among others will be in focus due to various news developments and third quarter results. IndiGo, JSW Steel, DLF, Godrej Consumer Shares of IndiGo, JSW Steel, DLF and Godrej Consumer will be in focus as the companies will announce their third quarter results later today.

Coforge and Persistent Systems soared 11.5% and 10.3%, respectively, on Thursday. KPIT Technologies and Mphasis gained over 3% each, while LTI Mindtree and L&T Technologies rose 2.4% and 1.06%, respectively. Cyient moved up 2%.

stock broking firms took a beating in the December quarter, bringing the winning run in recent years to a screeching halt in the wake of the regulatory tightening to curb excessive speculation in futures and options, and weakness in the secondary market. Revenues and profits of five leading broking firms in the third quarter showed stress in the sector as firms scramble to recalibrate their growth strategies in a challenging business environment. Angel One, the third-largest broker by client base, posted a 17% quarter-on-quarter (QoQ) decline in revenues for the December quarter. Its net profit plunged 34%, falling from ₹423 crore in September to ₹281 crore in December.