Analysis Financial News

BSE SME platform on Friday. Ahead of the listing, the company's shares were trading with a GMP of Rs 15 in the grey market. Considering the upper price band of Rs 70, the stock is expected to list with a premium of 21% over the issue price.

Wall Street that dragged US stocks lower for a fifth day, underscoring a cautious start to the year. Shares in Australia and South Korea edged higher, as did US equity futures, after the S&P 500 and Nasdaq 100 both fell on Thursday. Equity trading in Japan is closed for a holiday.

Indian equity indices on Thursday outperformed most Asian gauges to surge nearly 2%, logging their biggest single-day gains in six weeks, as steep climbs in Bajaj Finserv and Bajaj Finance and several oversold automobile shares compelled traders to cover their bearish bets. «The December auto sales numbers were a positive surprise and were ahead of expectations in some pockets, leading to a short covering, and that pushed the markets higher today,» said Pankaj Pandey, head of research at ICICI Direct.

DMart, ITC, Hero MotoCorp, Pricol, NHPC among others will be in focus due to various news developments. MOIL State-run MOIL achieved its best ever Q3 and 9 months’ performance in the quarter ended December 31, 2024, the company said in an update on Thursday.

Going forward, investors will closely track the pre-quarterly business updates to be released over the next few days for insights into the upcoming result season. Analysts expect the gradual uptick to continue in the market over the next few days, alongside a close watch on Q3 earnings and the global cues as foreign markets reopen after year-end holidays.

Subscribe to enjoy similar stories. India's stock market experienced dramatic swings in 2024. After reaching record highs, the Nifty 50 plunged nearly 11% from its September peak due to persistent selling by foreign portfolio investors (FPIs) in the following two months.

Shares of Raymond Ltd.(up 4.93 per cent), Brigade Enterprises Ltd.(up 2.99 per cent), DLF Ltd.(up 1.33 per cent), Godrej Properties Ltd.(up 1.27 per cent) and Phoenix Mills Ltd.(up 0.87 per cent) ended the day as top gainers in the pack.

Benchmark NSE Nifty closed 445.75 points up at 24188.65 amid buying in frontline bluechip counters.

Shares of Ipca Laboratories Ltd.(up 3.02 per cent), Granules India Ltd.(up 1.88 per cent), Gland Pharma Ltd.(up 1.77 per cent), Zydus Lifesciences Ltd.(up 1.75 per cent) and Glenmark Pharmaceuticals Ltd.(up 1.54 per cent) ended the day as top gainers in the pack.

Shares of Federal Bank Ltd.(up 2.81 per cent), Punjab National Bank(up 2.75 per cent), Kotak Mahindra Bank Ltd.(up 2.73 per cent), IndusInd Bank Ltd.(up 2.27 per cent) and Axis Bank Ltd.(up 1.39 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. Businesses are bracing for another year of geopolitical uncertainty, with large question marks looming over President-elect Donald Trump’s foreign policy strategy and broader global tumult, despite some executives’ optimism about the year ahead. Geopolitical concerns remain top of mind amid general global uncertainty and, in particular, a continued reordering of the U.S.-China relationship.

Starting a career often means limited savings or investments. Many prefer to enjoy the present rather than planning for the future. But 32-year-old Pratibha Jadhav from Navi Mumbai is an exception.

<a rel=«dofollow» href=«https://economictimes.indiatimes.com/divi» s-laboratories-ltd. data-ga-onclick=«Inarticle articleshow link click#Markets#href» target="_blank">Divi's Laboratories Ltd. 0.43 per cent to Rs 6097.35 in Thursday's trade as of 01:33PM (IST) even as the benchmark Nifty ruled at 24087.4, 344.5 points. The scrip had closed at Rs 6070.95 in the previous session. The stock quoted a 52-week low of Rs 3350.05 and a high of Rs 6448.75. The company quoted a market-cap of Rs 161935.83 crore on the BSE.

Indian Hotels Company Ltd. traded at Rs 874.90 on BSE at 01:28PM (IST) on Thursday, 0.2 per cent from previous close. The scrip quoted a 52-week low price of Rs 429.30 and a high of Rs 894.15.

«But Q3 is going to be better. But the earnings slowdown is probably going to take a couple of quarters to wear out. What has really happened is there has been this little bit of a change that we have seen,» says Nitin Raheja, Julius Baer Wealth Advisors. Hope 2025 is bigger, better, brighter for you as well as the markets. But is that the base case scenario because last year we saw gains of almost 9% on Nifty, but it was the smallcap and midcap indices which were up over 20-25%. Is it going to be another year where smallcaps and midcaps outperform massively or do you think there is room for largecaps to catch up? Nitin Raheja: So, what you have sort of highlighted is correct. I mean, last year was a pretty much of an anomalous year where the largecaps underperformed dramatically while the mid and smallcaps actually gave almost 70-80% outperformance vis-a-vis the largecaps.

Petronet LNG shares plunged as much as 6.7% on Thursday to Rs 324.05 on the BSE, pressured by critical remarks from the Petroleum and Natural Gas Regulatory Board (PNGRB) regarding tariff-related issues and a bearish note from brokerage firm Citi placing the stock under a 90-day negative watch. PNGRB has called out Petronet LNG for profiting at the expense of gas consumers and is pushing for a framework to regulate its regasification activities. The regulator criticized the company for “profiting immensely” by annually increasing tariffs at its Dahej terminal while failing to pass on the benefits of capacity expansions and improved utilization.

«So, look to buy on dips, that should be your strategy for the current market scenario. At 24,000 today, the risk-reward is not favourable for fresh longs, but if there is an intraday dip, you can be a buyer at these junctures,» says Rahul Sharma, JM Financial Services. It seems like it is a good start of the new calendar year. Just yesterday, we have seen good gains and we are just building on to the gains. 23,900 is what we have crossed in today's trading session. What is your take coming in on the benchmark indices? Rahul Sharma: Well, it is a cheerful start to 2025 and the best thing about January or rather this quarter is there is a strong possibility that this month be a positive one because historically speaking around 20-23 years every time Nifty has given three months of negative returns, the four-month has been invariably positive, so that is a bit of statistic. But if we look at the institutional positioning, especially the FIIs long-short ratio, that bottoms out generally around that 12% mark. So, we have come close to 14% roundabouts and it is a matter of time that Nifty shakes out that and we start a structural recovery from here. Zooming into what exactly is happening today.

SRF Ltd. traded 0.02 per cent in Thursday's session at 01:08PM (IST). The stock opened at Rs 2211.00 and has touched an intraday high and low of Rs 2225.00 and Rs 2200.00, respectively, during the session so far. The stock quoted a 52-week high of Rs 2697.45 and a 52-week low of 2088.55. About 3,752 shares changed hands on the counter so far.

Tata Power Company Ltd. 0.35 per cent to Rs 393.80 in Thursday's trade as of 01:13PM (IST). The stock hit a high price of Rs 394.00 and low of Rs 387.50 during the session. The return on equity (ROE) for the stock stood at 11.42 per cent. Traded volume on the counter stood at 01:13PM shares and turnover at Rs 16.14 crore around that time. The stock of Tata Power Company Ltd. quoted a 52-week high price of Rs 494.85 and 52-week low prices of Rs 319.80, respectively.

Bajaj Finance shares surged 5.8% on Thursday to a high of Rs 7,272.95 on the BSE following a positive outlook report by global brokerage firm Citi, which maintained a ‘buy’ rating on the stock with a price target of Rs 8,150 per share, citing a 90-day positive catalyst watch. The target price indicates an upside potential of 17.5% in the stock from its previous closing price.

ACC Ltd. 0.9 per cent to Rs 2070.05 at 12:12PM (IST) in Thursday's trade. The counter has hit a high of Rs 2071.25 and low of Rs 2040.05 so far during the session. The stock had closed at Rs 2051.45 in the previous session. The counter has had a total traded volume of 2489 shares so far with a value of Rs 0.52 crore on the NSE. It traded at a price-to-earnings multiple of 18.92 and a price-to-book ratio of 2.87.