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Shares of Kotak Mahindra Bank Ltd.(up 1.22 per cent), Au Small Finance Bank Ltd.(up 0.64 per cent) and Punjab National Bank(up 0.06 per cent) ended the day as top gainers in the pack.

Shares of Bajaj Auto Ltd.(up 2.25 per cent), Mahindra & Mahindra Ltd.(up 1.31 per cent), Balkrishna Industries Ltd.(up 0.19 per cent) and Hero MotoCorp Ltd.(up 0.08 per cent) ended the day as top gainers in the pack.

Suranjana Borthakur, Head — Distribution, Mirae Asset Investment Managers, says as a fund house, they are not very comfortable with too much sectoral play. They look at decadal themes and think the consumption theme is at a very sweet spot. The entire discretionary space is looking at a comeback, which is where they are positive on consumption as a theme. They are also positive on the banking financial theme as well as the healthcare theme. Every thematic segment may have a representation in the portfolio, but overloading any of the segments may not work well. Also, a 50% largecap and 50% in mid and smallcaps could be a good allocation to have in the long-term How should one read into the AMFI data? We are again seeing very healthy, record high SIP inflows. Suranjana Borthakur: It is very encouraging that in spite of market volatility, the SIP numbers have remained intact. In fact, they are reaching new highs of Rs 26,000 crore and above. It shows the confidence of the retail investor for a long-term wealth creation in India and despite the volatility, the conviction is very high.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.

InterGlobe Aviation, the parent company of IndiGo, increasing the stock’s target price to Rs 5,260 from the previous target of Rs 5,100, describing the airline as a ‘unique, strong franchise’. Jefferies has mainly focussed on IndiGo’s strong market position and the anticipation of positive developments despite recent challenges.

Subscribe to enjoy similar stories. IT bellwether Tata Consultancy Services Ltd (TCS) is set to begin the third-quarter earnings season. However, Indian companies are bracing for another quarter of muted growth as the December quarter preview by leading brokerages suggests that the earnings slowdown seen in the first half of 2024-25 is far from over.

«So, especially, the thought process was that the Middle East capex is slowing down, the oil capex of Aramco, that will slow down. However, having said that, they delivered very strongly on the 2Q numbers and what we are saying that 3Q numbers may be at a record level versus other quarters,» says Priyankar Biswas, BNP Paribas. What the expectations are when it comes to the Q3 of this year, clearly the ports and logistics sector are expected to be a bit softer? Priyankar Biswas: Yes, that is correct. At least for the port space, we are seeing a fair bit of softness. So, we have actually put out something today on this aspect. So, what we are witnessing is that port volumes, so the big players like Adanis and the Gujarat Pipavavs and even the major port volumes are very much out in the public domain. And we can see there is already a softness that is being witnessed all across the board.

ACC Ltd. traded 1.91 per cent in Thursday's trade at 02:09PM (IST). Around 5,062 shares changed hands on the counter. The stock opened at Rs 2011.90 and touched an intraday high and low of Rs 2011.90 and Rs 1950.05, respectively, in the session so far. Shares of the company of ACC Ltd. quoted a 52-week high of Rs 2843.00 and a 52-week low of Rs 1867.15.

Gold gave back a little more of its year-to-date gains in December, finishing down 1% on the month, but up 26% on the year.

Kaynes Technologies' (KAYNES) position as a fast-growing, diversified, and backward-integrated player in the electronics manufacturing services (EMS) sector, Motilal Oswal has increased its target price to Rs 9,100, signaling a 31% upside. Kaynes is the only rapidly growing (over 50% growth guidance), well-diversified (catering to over seven end-user industries), and backward-integrated player (OSAT/PCB facilities to commence by FY26) within the EMS space, with a strong focus on value addition (42% box-build share in FY24).

Colgate-Palmolive(India)Ltd.(up 2.79%), Dabur India Ltd.(up 1.82%), Godrej Consumer Products Ltd.(up 1.59%), Marico Ltd.(up 1.57%), Honasa Consumer Ltd.(up 1.51%), Bajaj Consumer Care Ltd.(up 1.27%), Jyothy Labs Ltd.(up 1.23%), Bikaji Foods International Ltd.(up 1.19%), Dangee Dums Ltd.(up 1.13%) and Hindustan Unilever Ltd.(up 1.11%) were among the top gainers.

SRF Ltd. 10.85 per cent to Rs 2606.15 in Thursday's trade as of 10:00AM (IST) even as the benchmark Nifty ruled at 23634.45, 54.5 points. The scrip had closed at Rs 2350.90 in the previous session. The stock quoted a 52-week low of Rs 2088.55 and a high of Rs 2697.45. The company quoted a market-cap of Rs 78479.95 crore on the BSE.

The BSE Sensex fell more than 200 points while the Nifty50 slipped below 23,650 in the first 15 minutes of trade.

Phoenix Mills Ltd.(up 0.39 per cent) were among the top gainers.

While India has experienced annualized growth of 25% in recent years, HSBC notes that this pace is unsustainable. The brokerage firm has significantly reduced its FY25 earnings growth forecast for the Nifty 50 from 15% to just 5%.

Colgate-Palmolive (India) Ltd. rose 3.0 per cent to Rs 2874.95 in Thursday's trade. It hit an intraday high of Rs 2890.00 and low of Rs 2777.55, respectively, during the day. The stock quoted a 52-week high price of Rs 3893.00 and low of Rs 2380.05.

Axis Securities has an overweight call on Bharti Airtel with a target price of Rs 1,880. The current market price of Bharti Airtel is Rs 1587.5. Bharti Airtel, incorporated in 1995, is a Large Cap company with a market cap of Rs 969654.35 crore, operating in Telecommunications sector. Bharti Airtel's key products/revenue segments include Service Revenue and Sale of Products for the year ending 31-Mar-2024.

Following the standard T+1 settlement cycles in Indian stock markets, today marks the final trading day for investors to purchase Shriram Finance shares to be eligible for the stock split.

The focus for markets in 2025 has been on U.S. President-elect Donald Trump's policies as he steps back into the White House on Jan. 20, with analysts expecting his policies to both bolster growth and add to price pressures.

Parmeshwar Metal will debut on the BSE SME platform on Thursday. The company's GMP was robust at Rs 44 in the grey market ahead of the listing. Considering the upper price band of Rs 61, the stock is expected to see a listing premium of 72% over the issue price.

investors stayed on the sidelines ahead of the earnings season amid lower economic growth projections. Stocks that were in focus include names like Delta Corp, which rose 3% and Waaree Energies, which declined 3% and Tata Technologies, whose shares gained 0.37% on Tuesday.