Experts Financial News

The NSE Nifty index ended the session 28.5 points up at 21647.2, while BSE Sensex rose 63.47 points to 71721.18. In the Nifty index, Hero MotoCorp Ltd.(up 4.94 per cent), Bajaj Auto Ltd.(up 3.48 per cent), Reliance Industries Ltd.(up 2.64 per cent), Axis Bank Ltd.(up 1.70 per cent) and Bharat Petroleum Corporation Ltd.(up 1.66 per cent) stood among the top gainers.

TCS Q3 revenue grows 4% YoY, Income rises 8%, dividend at ₹27 per share “The quarter saw us make significant progress in many projects of national importance, demonstrating our execution strength. Our products and platforms had a strong quarter with new wins and go-lives. The MCX platform is scaling well and processing record transaction volumes.

Shares of Coforge Ltd.(up 1.4 per cent), MphasiS Ltd.(up 0.76 per cent), Tech Mahindra Ltd.(up 0.69 per cent), Tata Consultancy Services Ltd.(up 0.61 per cent) and LTIMindtree Ltd.(up 0.21 per cent) ended the day as top gainers in the pack. On the other hand, Infosys Ltd.(down 1.7 per cent), Wipro Ltd.(down 1.2 per cent) and HCL Technologies Ltd.(down 0.49 per cent) finished as the top losers of the day.

India's retail inflation data expected tomorrow. Analysts estimate a rise in December CPI On Thursday, Sensex opened 250 points higher at 71,907.75 against the previous close of 71,657.71 and touched the intraday high of 71,999.47. The index, however, lost most gains and ended 63 points, or 0.09 per cent, higher at 71,721.18.

largecap funds of portfolio management services (PMS) firms outperformed smallcap funds, with some of them even giving double-digit returns. Tulsian PMS’ largecap strategy topped the list, giving nearly 12% returns in December. On a 1-year basis, too, the strategy has given a staggering 48% returns. The largecap strategies of ICICI Prudential, Asit C Mehta Investment, Nippon India, and Agreya Capital Advisors gave 10-10.5% returns in December. Saurabh Mukherjea-run Marcellus Investment’s “Consistent Compounders” is another largecap strategy that gave positive returns last month, but underperformed its benchmark.

Jyoti CNC Automation fell sharply in the unlisted market on Thursday despite a robust response for the IPO. The issue was subscribed 12 times so far on the last day of the bidding process. The company's shares are trading with a premium of Rs 45, down from 75 the previous day.

Reserve Bank of India (RBI) informed that owing to operational considerations, the exchange of Rs 2,000 notes will not be available on January 12 at the RBI's Mumbai Regional Office. The facility will resume on Monday, January 15, 2024, which is the next working day, the RBI stated. The last day to exchange Rs 2000 bank was October 07, 2023, after that individual can Rs 2000 banknotes entities at the 19 RBI Issue Offices for credit to their bank accounts in India for any amount. All About Tax-Saving Why Rs2000 denomination banknotes were withdrawn? According to the RBI FAQs, «The Rs 2000 denomination banknote was introduced in November 2016 under Section 24(1) of Reserve Bank of India Act, 1934 (RBI Act) primarily with the objective of meeting the currency requirement of the economy in an expeditious manner after withdrawal of the legal tender status of all Rs 500 and Rs 1000 banknotes in circulation at that time.

Stock split 2024: Shares of OK Play India Ltd are one of the multibagger stocks that the Indian stock market has delivered in the last one year. At this time, this small-cap stock with a market cap of around 400 crore has risen from around ₹46.50 to ₹150 apiece levels, logging to the tune of a 225 per cent rise in this time.

₹ 500 crore, but now it applies to those with annual sales exceeding ₹ 5 crore. It is not required for retail sales to end consumers.

India inflation likely crept closer to 6% in December: Mint poll Experts do not appear concerned about the mild spike in inflation as they note that core inflation, which excludes volatile items like food and fuel, may have moderated last month. Sujan Hajra, Chief Economist at Anand Rathi Shares & Stock Brokers expects CPI inflation to notch up to 5.72 per cent in December 2023.

In Thursday’s trading session, the following five stocks witnessed a build of fresh long positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh long position or not.

Ambuja Cements Ltd. traded 1.91 per cent up in Thursday's trade at 01:14PM (IST). Around 90,163 shares changed hands on the counter.

stocks witnessed a build of fresh short positions. Lets first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.

LTIMindtree Ltd. traded 0.11 per cent down at Rs 5940.0 at 01:20PM (IST) on Thursday, even as BSE benchmark Sensex gained 129.23 points to 71786.94.

Motilal Oswal Financial Services. The brokerage firm highlighted data spanning six months before and after the general election results of the last five elections (1999, 2004, 2009, 2014, and 2019) which indicates a consistent upward trend in the benchmark index Nifty50.

₹36 apiece level. Since then, it has remained an idea 'buy on dip' stock for investors. However, it seems that the stock still has some upside potential.

Avenue Supermarts Ltd. traded 0.02 per cent up at Rs 3819.0 at around 12:28PM (IST) on Thursday. The stock had closed at Rs 3819.9 in the previous session.

Bharat Forge Ltd. rose 0.42 per cent to Rs 1289.4 in Thursday's trade. It hit an intraday high of Rs 1298.5 and low of Rs 1282.0, respectively, during the day.

Reliance Industries, India's largest company by market value, on Thursday rallied another 1% to hit a fresh all-time peak of Rs 2,690.90 on BSE. In the process, RIL's market capitalisation crossed the Rs 18 lakh-crore mark. After underperforming Nifty by 9% in the calendar year 2023, some buying momentum has been seen in RIL shares in the last few days.

₹62 to ₹66 apiece, as per primary market expert. New Swan Multitech IPO lot size consists of 2,000 shares.

Q3 results 2024: Amid results season for the third quarter of the current financial year, four IT majors — Tata Consultancy Services (TCS), Infosys, HC Technologies, and Wipro are going to declare their respective Q3 results in the next two days. Out of these four IT majors, TCS and Infosys will be declaring their Q3 results today whereas HCL Technologies and Wipro are going to declare their third-quarter earnings tomorrow.