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₹95,585.6 crore via equity schemes of mutual funds in the fiscal year through November, retail investors—including small, HNI and NRI investors—investing directly on the exchanges have net sold shares worth ₹43,091 crore over the same period. While purchasing a net ₹8,700 crore on NSE, they net sold shares worth ₹51,791 crore on BSE, accounting for an overall net sale figure in the period under review.

scientist, a specially abled painter and a 'Google boy' were among the 19 children who were conferred with the Pradhan Mantri Rashtriya Bal Puraskar 2024 on Monday. President Droupadi Murmu presented the national awards to them for their exceptional achievements. Among the winners is Aaditya Vijay Brahmane, 12, from Maharashtra, who was awarded posthumously for his extraordinary act of courage.

Oberoi Realty has reported 48% year-on-year decline in its consolidated net profit for the quarter ended December at Rs 360.02 crore. Total consolidated income for the quarter also declined 34% to Rs 1,082.85 crore.

record bookings for its newly launched Galaxy S24 series of smartphones.

Ram Lalla idol at Ayodhya's Ram Mandir. Attired in a golden kurta and cream dhoti, he led the rituals alongside RSS Chief Mohan Bhagwat. The ceremony featured the Prime Minister carrying a silver 'chattar' inside the temple. Notable figures, including Amitabh Bachchan and Mukesh Ambani, attended, while helicopters showered flower petals. The event marked a milestone in the Ram Janmabhoomi temple's construction, celebrated globally with heightened security and special arrangements.

EPACK Durable IPO: In the wake of the stock market holiday announced on Monday for Ayodhya Ram Mandir 'Pran Pratishtha' celebrations across the nation, the subscription date of EPACK Durable Limited has been extended to 24th January 2024. Earlier, EPACK Durable IPO subscription date was announced from 19th January 2024 to 23rd January 2024. But, after the announcement of the trade holiday on 22nd January 2024, the EPACK Durable IPO subscription date has now been extended to 24th January 2024.

Catch all the Ayodhya Ram Mandir Inauguration Live UpdatesView

Nitin Raheja, ED,Julius Baer Wealth Advisors, says “some of the defence stocks are getting valued based on order books. We forget that these kinds of businesses tend to be lumpy and from quarter to quarter, there could be big variances. Some of these valuations do not leave too much margin for error. In Railways stocks, again, we are seeing something similar taking place in terms of valuations. We will probably see some amount of lull in the next three, six months as we get into elections.” What is your take on the entire FMCG basket because for the bulk of last year, there was underperformance from this sector though in the last couple of months, there was a bit of an uptick. Is the worst over? Has the rural demand scheme bottomed out? Nitin Raheja: Anecdotally, two-wheeler companies are talking about at least initial signs of revival. So, while we do not have full-fledged data to support the fact that there is a revival, clearly there are early signs of a revival in the rural economy. If that were to subsist and also as we generally get into the election zone, some amount of spending will be taking place in the rural economies, more to do with infrastructure.

₹10,270 crore at the end of December quarter, higher than market estimates. Vaidyanathan also expressed confidence of seeing an improvement in the share of current and savings accounts or Casa in its overall deposits. The Casa deposit share fell to 38% in Q3 compared with 42% in the June quarter, and 44% in the December 2022 quarter.

Ava DuVernay, offers a profound journey into the exploration and revelation behind Isabel Wilkerson's influential book, «Caste: The Origins of Our Discontents.» Unraveling the streaming details, let's delve into where and when you can catch «Origin.»

Ram Mandir in Ayodhya on January 22, the temple Trust has sent out invites to representatives of more than 50 countries. One of them is Kim Chil-su from South Korea. He belongs to the Queen Heo dynasty. Queen Heo, also known as Suriratna, was the princess of Ayodhya, who, according to popular legend, travelled to Korea and started the Karak dynasty in that country. For the past several years, the India-Korea connection of Ayodhya has been in the news. In 2018, draped in an elegant saree, South Korean First Lady Kim Jung-sook soaked in Diwali festivities in Ayodhya much to the delight of the people of this pilgrim town. From the moment she arrived in Ayodhya on Tuesday till she departed, local people, especially the youth, applauded and cheered her at the multiple events she attended, along with Uttar Pradesh Chief Minister Yogi Adityanath. Prime Minister Narendra Modi had emphasised the historical connection between Ayodhya and Korea. He had suggested highlighting and strengthening this connection to showcase Ayodhya and Lord Ram’s relevance internationally. Following his guidance, the First Lady of Korea was invited to Ayodhya. Also Read| From Nayar to Nripendra, a tale of two IAS officers in Ram Mandir

According to the data, foreign portfolio investors (FPIs) made a net withdrawal of Rs 13,047 crore in Indian equities this month (till January 19). They pulled out over Rs 24,000 crore from equities during January 17-19. Before this, FPIs made a net investment of Rs 66,134 crore in December and Rs 9,000 crore in November.

Medi Assist IPO: What GMP signals as listing date fixed on 23rd January Medi Assist Healthcare's public offering garnered a robust subscription, reaching 16 times the offered shares by the closing date. The company is now preparing for listing on January 23. Concurrently, the IPO for Epack Durables commenced on January 19, with bidding available until January 23 for interested investors.

Bollywood movie Fighter, starring Hrithik Roshan, Deepika Padukone and Anil Kapoor, is all set to release on January 25 on the eve of Republic Day. The movie has been generating a lot of buzz since the announcement of its launch. The release date was postponed a couple of times.

IREDA on Saturday posted a 67% rise in net profit to ₹335.5 crore for the quarter ended in December 2023, bolstered by higher income. It had clocked ₹200.7-crore net profit during the October-December period of the preceding FY23, the company said in an exchange filing. Total income surged to ₹1,253.1 crore in the third quarter of FY24 from ₹868.9 crore a year ago. Its expenses were ₹867.1 crore in the period under review, against ₹634.2 crore in the year-ago period. Equity shares of the company were listed on BSE and NSE on November 29, 2023. In a separate statement, IREDA CMD Pradip Kumar Das said: «For investors and stakeholders, these results signal the promising trajectory of IREDA's contributions to India's energy transition and environmental sustainability.» The company's loan book was at ₹50,579.6 crore, up 33.50% from ₹37,887.6 crore in the same quarter a year ago.

banks reported higher quarterly net profit Saturday, as growth in retail loans, increased non-interest income and a fall in provisions more than offset the impact of increasing cost of funds that weighed on their net interest margins (NIMs). ICICI Bank, the largest of the six lenders, reported a 24% rise in net profit to ₹10,272 crore for the quarter ended December 31, compared with ₹8,312 crore a year earlier. A key driver of its profit growth was other — or non-interest — income which, excluding treasury, rose 20% to ₹5,975 crore, led by 19% growth in fee income. Net interest income (NII) — or the difference between interest income earned on loans and that paid for deposits — rose at a slower 13% to ₹18,678 crore, largely reflecting the weaker NIM which eased to 4.43% from 4.65% a year earlier. HDFC Bank, the nation's largest lender by market value, also on Tuesday reported a smaller net interest margin, even as its net profit rose 34% year-on-year. ICICI Bank executive director Sandeep Batra shrugged off the reduction in margin as an industry phenomenon due to rising deposit rates.

IREDA on Saturday posted a 67 per cent rise in net profit to Rs 335.54 crore for the quarter ended in December 2023, bolstered by higher income. It had clocked Rs 200.75 crore net profit during the October-December period of the preceding 2022-23 fiscal, the company said in an exchange filing.

Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. The 30-share BSE Sensex fell by 259.58 points or 0.36 per cent to settle at 71,423.65 as 24 of its components declined and six advanced. The Nifty declined 50.60 points or 0.23 per cent to 21,571.80.

Market expert Ajay Bagga says the worst seems to be definitely over for the IT sector but the recovery will be slow. As we saw from the order books and the commentary of sluggish order flows coming through, margins are not that great and expectation is that it could take two to three quarters for things to normalise. What will be critical is how soon can they get onto the bandwagon of things like generative AI and machine learning. Those are the value additions that the market is looking to reward. But the worst is definitely over.” What is the market telling you because the midcap rally continues unabated and some very sharp earnings reactions, be it on the positive side by the IT big boys or on the negative by an HDFC Bank or for that matter, even IndusInd and Unilever? Ajay Bagga: Yes, quite surprising moves, actually, if you see and most of the impact has been due to the FII moves. Rs 23,000 crore worth shares being sold in these first few days, which was a surprise. We were not expecting a selloff by the FIIs and especially not of this magnitude. Maybe it is related to some of the Chinese money or the foreign money invested in China getting withdrawn and we being a collateral damage within GEM funds. Maybe some part of it was that. But I do not think fundamentally the earnings were that bad for the banks or were that good for the IT companies to see such sharp reactions.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says PSU banks are an exception to the whole PSU story, because they are in effect going to finance the whole capex cycle and be the vehicle of government dispersal. “Among PSU banks, I would still go for good quality banks, not an issue, but as for other PSUs, it will be to some extent stock specific but bearing in mind that a low PE and a liquidity have been the causes for the rally there, I would exercise caution in terms of jumping into them unless I get a clear signal that there is going to be a strong EPS growth independent of all of this.” The earning season so far, what do you make of it and the kind of reactions or the exaggerated moves that we are seeing on stock price? Sunil Subramaniam: It has been tepid so far and it is early days though, let us not draw any conclusions.