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₹7,059.75 level on the BSE. Bajaj Auto share price closed at ₹6,958.60, up 4.44%.

Bajaj Finance Ltd, part of Bajaj Finserv, has announced the launch of Digital Fixed Deposit (FD), and is offering exclusive rates of up to 8.85% on deposits booked via its App and Website.

As the New Year has kicked off on a positive note with market indices touching all time highs, most investors are curious to explore investing opportunities from their closed ones and acquaintances, while some try to make sense of the volatility of what Benjamin Graham referred to as ‘Mr market’.

Chakri Lokapriya, CIO & MD, TCG AMC, says: “The midcap idea for 2024 is Sterling and Wilson. This company now makes up the solar industry. They benefit from a fall in solar module prices. Reliance Industries owns about 40% of the company itself. Amongst the largecaps, SBI and ICICI Bank have good valuations and strong balance sheets. Among smallcaps, the top idea is a very small chemical company called Gujarat Themis. Valuations are on their side and they are beginning to get some export and other orders.” Give us a sense as to what the outlook is when it comes to PSUs as a whole because a lot of top market experts we have been interacting with seem to be of the view that the year ahead as well could look fairly promising. What is your sense after the heady run up? Chakri Lokapriya: Indeed. As we go into 2024, PSUs are still very well placed. Some of the PSUs, of course, have run very sharply but their evaluations are still not demanding. Now, why have they run up? If you take PSU financials, basically their balance sheets are very strong. NPAs are very low. Credit cycle for corporate government capex has picked up and will continue to do well.

Brazilian President Luiz Inácio Lula da Silva likes to boast he had a good first year after returning to the job

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty 50 ended in negative territory in the previous session on concerns over escalating geopolitical tensions and a significant jump in crude oil prices. The market's high valuation appears to have led investors to secure profits before the onset of December quarter earnings.

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

RBL Bank last week offloaded almost ₹800 crore of its credit card portfolio at a steep discount to another private sector lender, Kotak Mahindra Bank, said people with direct knowledge of the matter. Credit card repayment delays account for about one-fifth of the total gross non-performing assets (NPA) of RBL Bank, which is seeking to clean up its books after a change of guard at the private lender that lost more than 50% in its market capitalisation over the past five years. Of the RBL Bank's ₹2,441-crore gross NPA, credit card dues total ₹462 crore, as of September 30, 2023, according to the quarterly investor presentation. The ₹793-crore portfolio sold by RBL is a mix of credit card outstandings as non-performing assets and written-off card dues, said one of the persons cited above. Kotak Mahindra Bank acquired the credit card portfolio for ₹20 crore in an all-cash deal, which equates to a recovery of 2.5% for RBL Bank, the same person said. RBL Bank and Kotak Mahindra Bank did not respond to ET's requests for comments until Tuesday press time. Once the portfolio is transferred to Kotak Mahindra Bank, the credit card customers will be intimated about the transfer. The acquiring bank will reach out to these customers to recover the outstanding dues. Credit card loans, 42% of RBL Bank's retail loan book, have grown rapidly in the last two years.

If you are planning on setting out New Year’s resolutions [or have already done so as the calendar flipped to 1 January 2024], you are in good company. Surveys suggest that about one-third of all Americans outline one or more goals for the New Year. The problem is that only about one in ten can stick with them.

₹1.71 trillion and ₹1.85 trillion last year, clients sold shares worth ₹72,921 crore. “The volatility could persist in the new year as the market has run up very sharply in December, and seasonally January tends to be weak," said Rohit Srivastava, founder, IndiaCharts. Key indices were largely dragged down by financials, auto and information technology stocks, as selling pressure emerged at near record high levels.

The Nifty Auto index raced ahead in 2023, occupying the slot of the second-best performer among sectoral indices, gaining nearly 48% vis-à-vis the 20% gain in the Nifty 50 index. Investors were excited about volume growth, launches and the resilient margin show put up by the original equipment manufacturers. In particular, the two-wheeler segment saw improving prospects, ending the year smoothly.

Solar EPC company Rays Power Infra has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial share sale.

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

I read several articles discussing the stock market, as I want to maintain a pulse on the common views. And, sometimes I run across something that compels me to write an article. I would say that this is the driver for the current missive. Allow me to quote something that I read, which I really think needs to be addressed:

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Cameo Corporate Services in this case. Step 1: Visit the IPO Allotment Status page on Cameo Corporate Services website Step 2: Select IPO from the dropdown Step 3: Put Application number and enter captcha and 'Submit'. Akanksha Power IPO allotment: Check status, GMP, listing date and other details According to market analysts, the company's shares are commanding a premium of Rs 8 as against an issue price of Rs 36. The tentative listing date is fixed as January 3. The IPO received subscription of 66 times at close.

Delhi Police sleuths, sources said on Tuesday. Sagar Sharma, Manoranjan D, Neelam Azad, Amol Shinde, Lalit Jha and Mahesh Kumawat are in police custody till January 5. They have been interrogated for their actual motive behind the security breach, the sources added. According to a police source, Neelam and Manoranjan are being held at the office of the Special Cell's Counter Intelligence Unit at New Friends Colony.

₹287.20 apiece, taking the stock's overall five-day gain to 37%. This stellar rally came after domestic brokerage firm ICICI Direct Research maintained an optimistic outlook on the company, owing to robust growth in the smart meters segment.

Enforcement Directorate in connection with an alleged money laundering case linked to the issuance of Chinese visas. Speaking to reporters after appearing before the central agency, Karti called it a 'futile exercise', referring to his previous rounds of questioning in connection with the case. «These are routine drills with the (Lok Sabha) elections now approaching. There's not much else to it.

Motilal Oswal Financial Servicespointed out the seasonality is likely to hurt revenue growth and margin performances of both tier-1 and tier-2 IT companies. "The industry has not witnessed any meaningful change in spending patterns, as discretionary spending continues to pause enterprises. Although sentiment has improved, it has not yet been reflected in actions," Motilal Oswal said.

Pakistan if it means accepting terrorism as okay. He spoke about this while discussing his book 'Why Bharat Matters'. Jaishankar, during the conversation, pointed out that India's stance is not of unwillingness to engage with Pakistan.

ANI Editor Smita Prakash, EAM Jaishankar said, "The issue at heart is the fact that in Canadian politics, these Khalistani forces have been given a lot of space and have been allowed to indulge in activities which I think are damaging to the relationship, clearly not in India's interest, and not in Canada's interest either. But unfortunately, that is the state of their politics," EAM Jaishankar said. The External Affairs Minister also clarified that the G20 summit in New Delhi had no relation to the Khalistani issue in Canada.