Experts Financial News

FII sell-offs and expectations of earnings downgrades across companies. As the industry looks for certain reliefs in the February 1, 2025, Union Budget to rekindle demand, D-Street will closely monitor how many of these requests are addressed by Finance Minister Nirmala Sitharaman. Exide Industries and Tata Motors have witnessed the steepest decline in the 18-stock BSE Auto index, followed by Hero MotoCorp, Bajaj Auto, Samvardhana Motherson International, Bharat Forge, Tube Investments of India, and Sundram Fasteners, each falling by over 30% from their peaks. Meanwhile, Apollo Tyres, UNO Minda, MRF, TVS Motor Company, Ashok Leyland, Bosch, and Balkrishna Industries have fallen between 28% and 21%.

ISRO is set to launch its historic 100th mission from Sriharikota with Navigation satellite onboard a GSLV rocket. This would be the first mission for ISRO Chairman V Narayanan, who assumed office on January 13.

Siddaramaiah announced on Monday that all cases registered against pro-Kannada activists will be withdrawn. The CM was addressing a gathering at the unveiling of the 25-feet-tall bronze statue of Bhuvaneshwari, the goddess who represents the Karnataka state identity, on the premises of the Vidhana Soudha.

Tata Motors is expected to report marginal growth in revenues in the third quarter, which will be supported by growth in JLR and India PV divisions. Revenue from operations is likely to rise 3% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) may decline 14% YoY.

Gaza peace deal until all the hostages return, Deputy Chief of Mission at the Israeli Embassy here Fares Saeb said. «We will follow the deal signed until we see all our hostages back; the living ones to continue their lives with their families and the deceased ones to receive a proper burial and funeral back at their homes,» he told PTI here on Monday on the sidelines of an event.

Innov8 has raised Rs 110 crore by diluting 10% of its stake. The round was led by family offices, including those of Mankind Pharma, Gauri Khan, Rupa Group and Jagruti Dalmia.

GSLV rocket commenced on Tuesday, sources in the space agency said. Also, this would be the first mission for ISRO Chairman V Narayanan, who assumed office on January 13. The Geosynchronous Satellite Launch Vehicle (GSLV) with indigenous Cryogenic upper stage in its 17th flight, carrying the navigation satellite NVS-02 is scheduled for lift-off at 6.23 am on January 29 from the second launch pad here.

equity mutual funds lost over 15% in the last six months, an analysis of the performance showed. There were around 271 equity mutual funds in the mentioned period, of which 266 gave negative returns in the same period. In other words, only five schemes gave positive returns up to 7% in the last six months.

Genpact on Tuesday unveiled its AI Gigafactory, an accelerator to help enterprises scale AI rollouts from pilots to production.

Finance Minister, Nirmala Sitharaman also has a unique place in the world of finance and stock markets. In September 2019, she announced a bold corporate tax rate cut from 30% to 22% for existing companies. The announcement electrified the stock markets, causing the Sensex and Nifty to skyrocket. The explosive market reaction was so unprecedented that traders and analysts began referring to the candlestick pattern formed on that day as the “Sitharaman Candle”. This candlestick pattern symbolizes the power of transformative economic policy and its immediate impact on investor sentiment. It serves as a reminder of how one well-timed and impactful decision can create ripples across the market.

RBI) infused Rs 1.5 lakh crore worth of liquidity into the banking system, sparking a rally in stocks of banks and NBFCs. Shares of HDFC Bank, AU Small Finance Bank, and IDFC First Bank surged around 3% each, while IndusInd Bank and ICICI Bank also rose by about 2%.

Axis Bank Ltd.(up 3.32 per cent), HDFC Bank Ltd.(up 3.08 per cent), IDFC First Bank Ltd.(up 2.86 per cent), Au Small Finance Bank Ltd.(up 2.6 per cent) and ICICI Bank Ltd.(up 2.59 per cent) were among the top gainers.

Union Budget 2025-26 imminent in February 2024, the real estate sector -as always — has significant expectations. In light of slightly lower housing market activity in the latter part of CY 2024, the industry hopes for government interventions, especially for affordable housing.

Nvidia said DeepSeek and its large language models (LLMs) are an «excellent advancement» in artificial intelligence (AI) space, even as the rise of the China startup wiped nearly $600 billion in market capitalisation for the company.

On the BSE, Anant Raj(down 19.99 per cent), Kaynes Technology(down 19.45 per cent), AVI Polymers Ltd.(down 18.91 per cent), ABB Power(down 18.29 per cent) and KK Shah Hospitals(down 17.61 per cent) were among the stocks that plunged over 5 per cent during the session.

RailTel Corporation of India slumped 7.7% on Tuesday to Rs 336.10 on the BSE after the company reported a sequential decline in its December quarter earnings. The telecom infrastructure provider posted a 10% drop in net profit quarter-over-quarter to Rs 65 crore, down from Rs 73 crore in the September quarter. Revenue also fell 9% sequentially, standing at Rs 768 crore in the third quarter. On a year-on-year basis, RailTel reported a 5% increase in net profit, up from Rs 62 crore in the corresponding quarter of the previous financial year. Revenue from operations saw a 15% growth compared to Rs 668 crore reported in the same period a year ago.

Torrent Power Ltd.(up 1.32%) were among the top gainers.

were among the top gainers.

«Actually, the growth rates are far better in the midcap and the smallcap. So, the India story is really happening in the midcap and smallcap. Just that the enthusiasm for these companies went up dramatically,» says Rajesh Bhatia, CIO, ITI MF. Why are markets falling the way they are falling? The mid and smallcap stocks are getting smoked. I mean, everyone says that look the correction was overdue. But if that was the case, then why is everybody feeling so remorse and so painful? I mean, if everybody knew this was coming, then why there is so much of agony and pain in the world? Rajesh Bhatia: So, it always happens that way. No risk in the market comes all of a sudden. People are always aware that the risk is building up. But the market then, it climbs a wall slowly, but when it comes down, it takes like the escalator route and that is really what is happening. It is nothing unique. Even in 2008, we knew that there was a real estate bubble that is building in the United States. People were shorting real estate in 2005, 2006. When did the market actually correct? In 2008. People knew that COVID was an issue in December of 2019. It was called COVID-19 if you remember. When did the markets fall? March of 2020. So, no risk comes very suddenly.

The NSE Nifty Smallcap 250 Index was on course to enter a bear market after losing more than 3% early in Tuesday’s session. It sank 3.7% on Monday.