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Kalyan Jewellers slid 6.2% in early trade on Wednesday, January 8, to a low of Rs 677.55 on the BSE amid profit booking, which was witnessed a day after the company reported a revenue growth of nearly 41% YoY in its Q3 update. Additionally, the company recorded healthy same-store-sales-growth of approximately 24% in the quarter in discussion.

Domestic benchmark index NSE Nifty fell 149.91 points to 23558.0, while the BSE Sensex traded 546.46 points down at 77652.65.

Several large states in India held elections, and while some of the results were surprising, they provided more stability to the current government. The US presidential election saw a close race but produced a clear winner.

According to BCA Research, investors have largely abandoned the idea of a recession, with GDP growth expectations now the highest since 2022. Recent economic data has been encouraging in this sense, with data from the US Bureau of Economic Analysis showing that US GDP grew by 2.8% on a year-by-year basis in the third quarter of 2024. However, the BCA flagged «animal spirits» as a potential source of impact on growth. Trump inflationary risks force economists to temper Fed rate cut expectations — reports «Financial markets ultimately move depending on how reality compares t...

Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India and Torrent Power. The inclusions are based on the stock selection criteria as prescribed by SEBI in its August 30, 2024 circular and have been approved by market regulator Securities and Exchange Board of India (Sebi).

Kranthi Bathini, Equity Strategist at Wealth Mills Securities, to talk about the market's recent moves and what lies ahead. Excerpts:

Most of corporate Canada is still exploring the potential of artificial intelligence across their operations, but finance is one area where the technology is already proving its worth.

Nifty formed an Inside Bar candle on the daily chart on Tuesday, closing near the 23,700 mark. However, market sentiment remains cautious. A breach below the 23,600 level could lead to further corrections towards 23,400 and 23,000, identified as immediate support levels. On the upside, resistance is pegged at 23,800 and 24,000. Technical indicators presented mixed signals. The RSI at 43 suggested bearish momentum, while the Stochastic RSI showed a bullish crossover, hinting at a possible short-term recovery. This divergence underlines the importance of vigilance, as the market lacks a definitive directional bias, said Mandar Bhojane of Choice Broking.

Subscribe to enjoy similar stories. A new study is helping to answer a pressing nutrition question: Which ultra-processed foods are harming our health—and which might not be so bad? The problem is the way many packaged foods are made, researchers believe. Products such as many frozen pizzas, cereals and chips pack more calories per gram than less-processed foods do.

Purnartha One Strategy (POS) — a multi-asset, multi-cap portfolio aimed at providing low-risk, stable returns through a diversified approach across different asset classes. The company said in a press release that Purnartha One Strategy will focus on wealth preservation by utilizing a two-tier decision-making process for asset allocation and stock or mutual fund selection. At the first level, the portfolio allocates assets using a 3-factor VMS framework, considering Valuation, Macro Outlook, and Market Sentiments. This approach is designed to adjust the portfolio’s composition according to changing market and economic conditions, including factors such as GDP growth, interest rates, and inflation.

Shares of Tata Motors Ltd.(up 2.2 per cent), Bharat Forge Ltd.(up 0.74 per cent), Balkrishna Industries Ltd.(up 0.57 per cent), Mahindra & Mahindra Ltd.(up 0.11 per cent) and Exide Industries Ltd.(up 0.03 per cent) ended the day as top gainers in the pack.

Shares of Raymond Ltd.(up 2.92 per cent), Oberoi Realty Ltd.(up 2.67 per cent), Sobha Ltd.(up 2.27 per cent), Phoenix Mills Ltd.(up 1.66 per cent) and Godrej Properties Ltd.(up 1.38 per cent) ended the day as top gainers in the pack.

shares slipped on Tuesday, pulling back after robust gains in the last session, as falling healthcare and financial stocks weighed while investors focussed on key inflation data across the continent due later in the day. Europe's premier index, the STOXX 600, was down 0.3% as of 0810 GMT after climbing to a more than two-week high on Monday following a report that suggested U.S. President-elect Donald Trump may opt for a less aggressive tariff strategy.

«There is a strong support at 23,460 which happens to be the previous swing low, so that is the stop loss in the long positions of the Nifty,» says Vinay Rajani, HDFC Securities. Like Ansh was just highlighting that both the benchmark indices are trading in quite a narrow range and it is more of a short covering led rally that what we are witnessing. Help us with your take on the benchmark indices and where do you see the index headed. Vinay Rajani: So, yes, it is trading within the range of yesterday's move and recovery is there and sector-specific and stock-specific some good moves can be seen on the upside also. So, there is a stock-specific market. Nifty has risen by 110 points, but this can be considered as a pullback only. But however, the froth has gone out and many stocks have started performing, in fact, they are making highs of the recent swings. So, as a trader I would suggest that try to come out with stocks which can outperform this market because as far as benchmark indices are concerned, they are likely to remain in the range or consolidate.

Bitcoin (BTC) has surged back into six-digit territory, continuing its early 2025 recovery. The largest cryptocurrency climbed to nearly $102,000 on Tuesday, marking its first return to the six-digit price since December 19, 2024, and starting the year on a strong note. At 10:43 am IST, Bitcoin was trading at $101,780, up 1.2%, with an intraday high of $102,712.

Indian Hotels Company Ltd. traded 0.24 per cent at Rs 846.95 at 12:07PM (IST) on Tuesday, even as BSE benchmark Sensex 287.28 points to 78252.27. The stock had closed at Rs 844.90 in the previous session. The stock quoted a 52-week high price of Rs 894.15 and 52-week low of Rs 450.00, respectively. As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 28358 shares with a turnover of Rs 2.41 crore.

futures contracts at MCX opened flat today at Rs 77,249 per 10 gram, which is up by 0.12% or Rs 91 while silver March futures contracts were trading at Rs 90,575/kg, up by 0.02% or Rs 21. Gold prices went up by Rs 350/ 10 grams in the last one week while silver prices fell by Rs 3,000/kg in the same period.

Godrej Consumer Products Ltd. 1.58 per cent to Rs 1158.80 in Tuesday's trade as of 10:25AM (IST) even as the benchmark Nifty ruled at 23718.0, 101.96 points. The scrip had closed at Rs 1140.70 in the previous session. The stock quoted a 52-week low of Rs 1055.60 and a high of Rs 1541.30. The company quoted a market-cap of Rs 118480.18 crore on the BSE.

«The strong growth story is there, inflation is somewhat stickier as well, and the Federal Reserve themselves are suggesting that with the fiscal policy side remaining very loose, monetary policy may need to be tighter to offset that support,» says James Knightley, ING. Just wanted to understand the truth behind the fears of yet another round of yen carry trade after Japan’s finance minister hinting that there could be a round of rate hikes now coming in. James Knightley: Yes, we are seeing these divergence in central banks coming through and say they have been for a long time this expectation that Japan would hike and they caught markets a little bit by surprise in August of last year and they do are perhaps coming back and again suggesting that they can do more. And of course, you have got Federal Reserve in the United States where markets increasing of the view that the Fed would cut less and less than previously thought.

ONGC, Biocon, and Hyundai Motor India, highlighting their potential for robust growth and value creation in the next 1 year. CLSA has upgraded ONGC to «High Conviction Overweight-PF,» citing multiple production and realization triggers, alongside attractive valuations and a strong dividend yield.

Bodhi Tree Multimedia(up 17.73%) were among the stocks that surged over 15%.