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Property developers are losing flavour on Dalal Street as risk-off sentiment in equities is prompting investors to cut exposure to these shares considered richly valued after the two-year rally. The Nifty Realty index, comprising 10 top shares in the sector, plunged 4.6% on Wednesday after dropping 4.1% the previous day. The Nifty 50 was up 0.6% at close on Wednesday.

Subscribe to enjoy similar stories. A worrying trend is emerging for India Inc. as the third-quarter results trickle in.

Tips Music, which has a catalog of over 30,000 music tracks, has recorded a 27% growth in net profit to Rs 44.2 crore for the quarter ended December 31, 2024. Revenue for the quarter was Rs 77.7 crore, marking a 20% YoY growth. Operating EBITDA stood at Rs 55.6 crore, reflecting a 28% YoY increase with a margin of 71.6%.

markets regulator Sebi seeking approval to float an initial public offering (IPO). The issue is completely an offer of sale (OFS) of 1 crore equity shares by promoters, according to the draft red herring prospectus (DRHP) filed on Tuesday. Promoters Sunita Gupta, Mahesh Gupta, and Varun Gupta are offloading shares in the OFS. Overall, promoters hold 99.77 per cent stake in the company at present.

Revenue from operations for the third quarter stood at Rs 3,368.91 crore, up about 8% from Rs 3129.99 crore in the same period year ago.

Prataap Snacks Ltd.(up 4.59%), ADF Foods Ltd.(up 2.63%), Dodla Dairy Ltd.(up 2.18%), Heritage Foods Ltd.(up 1.99%), Emami Ltd.(up 1.93%), Patanjali Foods Ltd.(up 1.68%), Colgate-Palmolive(India)Ltd.(up 1.46%), Britannia Industries Ltd.(up 1.08%), LT Foods Ltd.(up 0.87%) and Nakoda Group Of Industries Ltd.(up 0.66%) stood among the top gainers.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the situation for high-income groups, a Mint analysis showed.

Polycab India, the country’s largest manufacturer of wires and cables, today announced its results for the third quarter ended December 2024, posting an 11% YoY jump in its PAT at Rs 463.3 crore. Following the update, Polycab India shares were trading 6.5% lower at Rs 6,137.35 on the BSE.

Kent R O Systems filed draft papers for an initial public offering (IPO) on Wednesday. The firm's founder and Chairman Mahesh Gupta, along with other family members, will collectively sell 10.1 million shares, or a 10% stake out of their 99.77% interest in the company, according to the draft papers.

Chemical sector again has been undergoing a downturn for almost three years and we expect demand to start recovering. So, broadly, as far as the exporters are concerned, we should be okay," says Varun Goel, Mirae Asset Investment Managers. What do you make of the market set up right now? Is it time to buy after the correction, especially in the broader markets or do you anticipate more pain? Varun Goel: If you look at the markets, we have corrected roughly 10% to 15% from the top that we saw in the month of September. If you look at the time duration also, last year in January, February, markets were at similar levels. So, we spent a year trading sideways with a good 10-15% correction. If we look at FY26 valuations, if we look at 1200 rupees EPS for Nifty 50, we are trading at around 19 times, which is let us say 5-7% more expensive than what is the 10-year average.

SRF Ltd. traded 2.91 per cent at Rs 2499.25 at 01:24PM (IST) on Wednesday, even as BSE benchmark Sensex 89.34 points to 75927.7. The scrip had closed at Rs 2574.35 in the previous session. The stock quoted a 52-week high price of Rs 2697.45 and 52-week low of Rs 2088.55, respectively. As per BSE data, total traded volume on the counter till 01:24PM (IST) stood at 1945 shares with a turnover of Rs 0.50 crore.

«The only factor that has been impacting us has been the rising dollar or rising bond yields, which saw some pullback into the Trump inauguration,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. We have seen, of course, India Vix rise sharply just ahead of the budget. The higher levels are getting sold into. Is it a very clear trend that it is going to be a lot more downwards versus in an upside movement for the market right now? Rohit Srivastava: One hope that we end up having every day because we have all become global watchers is that if US markets are going up, then our markets would also see some recovery. Now, that has sort of not been happening, not just recently, but I think since the top that we have made in October, we have sort of diverged from global markets altogether.

markets weighed U.S. President Donald Trump's declaration of a national energy emergency on his first day in office and eyed his tariff policies. Brent crude futures fell 36 cents, or 0.5%, to $78.93 per barrel at 0730 GMT. U.S. West Texas Intermediate crude futures dropped 46 cents, or 0.6%, at $75.37.

Bharat Dynamics Ltd (BDL) have recovered by 32% after they made a low of Rs 917 earlier in November 2024, falling from its peak of Rs 1,794.70 made in July 2024. After resuming a northward journey, the stock broke above its downward trendline and started making higher highs and higher lows, taking support on an upward-moving trendline.

Revenue from operations during the third quarter could rise just 1% year-on-year (YoY), according to an average estimate of four brokerages. Profit after tax (PAT) may decline 29% YoY.

Axis Securities has a buy call on Genus Power Infrastructures with a target price of Rs 408. The current market price of Genus Power Infrastructures is Rs 371.65. Genus Power Infrastructures, incorporated in 1992, is a Small Cap company with a market cap of Rs 11350.55 crore, operating in Electric/Electronics sector. Genus Power Infrastructures' key products/revenue segments include Electronic Energy Meters, Other Services, Other Operating Revenue, Export Incentives, Income From Contracts and Scrap for the year ending 31-Mar-2024.

Jio Financial Services (JFSL) will remain in focus on Wednesday, January 22, following the announcement that the company and its joint venture partner, US-based BlackRock, have infused Rs 117 crore into their mutual fund business. Both JFSL and BlackRock have subscribed to 5.85 crore equity shares, each priced at Rs 10, in Jio BlackRock Asset Management Private Limited, a 50:50 joint venture between the two entities. This investment totals Rs 117 crore, as per a regulatory filing.

Ajay Bagga, Market Expert, says the markets have decided that Trump will implement tariffs, and they are advising to sell now and ask questions later. This is what we are currently observing. There’s nothing particularly concerning about India, aside from our sluggish economy, decreasing earnings, and some policy spending that didn’t happen last year, but we hope will improve next year. The overall economic situation in India hasn’t changed to justify today’s 2% drop, but this is typical when you are connected to the global market. What is it that you are making of this free fall in the market? It is almost smacking of capital protection and I am sure viewers are wondering whether or not to book out their gains. Ajay Bagga: I would say that if you believe in the India story on a two-year, four-year, six-year basis, then we are still looking very good. Right now, there is a huge change in global politics, global messaging and Trump, by design, practices indisciplined messaging. The morning started well. The dollar was down one percent. The dollar index was down one percent at the start of the US day and then in the Oval Room, while signing some agreements, a journalist asked him about tariffs and then he held forth that maybe we will put 25% on Canada and Mexico, maybe we will do it on 1st February and that is where the markets took a swing back.

“The investment philosophy of the fund is centered on acquiring growth-oriented companies at median or below-median valuations,” says Abhishek Jaiswal, Fund Manager at Finavenue. In an interview with ETMarkets, Jaiswal said: “We prioritize long-term investments, focusing on industry cycles that are expected to be favorable over a 3-5 year horizon. The fund has a proven ability to identify proxy investment opportunities and market-dominant players,” Edited excerpts: Thanks for taking the time out. Your fund Finavenue Growth Fund has more than doubled in 1 year. What worked for you?

Hong Kong stocks weakened on Wednesday after U.S. President Donald Trump hinted at potential new tariffs on Chinese imports, ending a brief reprieve for the markets. The blue-chip CSEI 300 Index declined 1.1% in early trade, the biggest retreat in nearly two weeks, and the Shanghai Composite Index lost 0.9%.

Stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost Corporate America. Bonds continued to unwind the recent surge in yields that roiled markets. The dollar wavered. Over 400 shares in the S&P 500 rose, with the gauge up almost 1% as Trump is expected to announce a new investment push for artificial intelligence led by Softbank Group Corp., OpenAI LLC, and Oracle Corp. A closely watched exchange-traded fund tracking companies with AI exposure hit a three-year high. Small caps climbed on bets they will benefit from a protectionist stance. Trump’s flurry of executive orders helped boost space shares, while weighing on electric-vehicle makers. An ETF focused on big Chinese firms gained as the US president so far refrained from announcing tariffs on the Asian nation.