Experts Financial News

Wipro is usually a slow mover, but the ongoing uptrend is replete with bullish continuation patterns, which can make the stock rally towards Rs 335-360 region in the coming fortnight, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts: Nifty looks on track to end the month on a negative note. What would be your trading strategy on the monthly expiry day, particularly because it comes just ahead of the Budget? With a 2% negative return so far, January appears to end the same way as December which also closed 2% down. But despite the consecutive negative months, it must be noted that unlike October 204, which saw a 6.2% fall, the subsequent months’ close have not been too deep in the red, pointing to the presence of buying interest. This is visible as we head into the budget week, which usually rides on positive expectation despite history pointing to muted reaction on budget day as well deeper cuts in February. However, given the parallel consolidation that we are in, for the last few days, we are encouraged to look for a positive surprise that could aim for 23850-23950. Negative surprises, in the event of rejection trades yet again from 23400 or a direct fall below 22940, could aim for 22260, but the prospects of the same look limited for now.

The Nifty future closed negative with losses of 0.64% at 23114 levels on Friday. India VIX closed 0.3% higher at 16.74 in the previous trading session.

NTPC will remain in focus on Monday, January 27 after the company declared its quarterly results for the period ended December 2024, posting a 3.1% year-on-year (YoY) increase in standalone net profit. The PAT for the said quarter was reported at Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same period last year.

NTPC Green Energy are likely to remain in focus on January 27 after the company on Saturday announced its results for the third quarter of the financial year 2025, reporting an 18% YoY growth in its net profit. The company’s net profit for Q3 stood at Rs 65.61 crore, up from Rs 55.61 crore in Q3FY24 and 78.82% quarter-on-Quarter (QoQ) at Rs 36.69 crore in Q2FY25.

Shriram Finance shares will remain in focus after the NBFC firm reported a 73% increase in consolidated net profit to Rs 3,249 crore for the third quarter ended December 2024, up from Rs 1,874 crore in the same quarter last year. Total income for the quarter rose to Rs 10,705 crore, compared to Rs 8,927 crore a year ago. Net interest income increased by 14.3% to Rs 5,823 crore, up from Rs 5,094 crore in Q3 FY24.

Subscribe to enjoy similar stories. A day before curtains rise on the Burman family's open offer for Religare Enterprises Ltd, Indian-American businessman Digvijay Danny Gaekwad sought to expand his counter-offer for the financial conglomerate; however, the late entry may not pass regulatory muster, said two people close to decision-making at the Securities and Exchange Board of India (Sebi), and three experts in securities law. Gaekwad, who wrote to Sebi chair Madhabi Puri Buch on Friday for permission to launch an open offer for 26% in Religare on Sunday revised his offer to at least 55%.

Apple has started discussions with Bharat Forge on making the Kalyani Group company one of its vendors in India, said people with knowledge of the matter. If this happens, Bharat Forge will be involved in making components, including mechanics, for the US major, they said.

Agriculture Minister Shivraj Singh Chouhan on Sunday said the government is working on a model to allow farmers to sell their produce directly to consumers, reducing middlemen's role.

Narendra Modi will be visiting Bihar on February 24 to participate in farmers' programmes and will inaugurate several development projects for the state.

108-year-old street vendor from Moga, Punjab, selling vegetables has gone viral on social media, leaving viewers amazed at his energy and spirit. Despite his age, the elderly vendor is seen sitting next to his vegetable cart, speaking clearly and with strength, showing a vitality that defies his years.

Gustavo Petro said Sunday he would not allow US migrant deportation flights access to his country's airspace.

India Meteorological Department (IMD). The capital had recorded a maximum temperature of 26.1 degrees Celsius on January 26, 2017.

BS-II and earlier emission standards. At present, a discount of 25 per cent in Motor Vehicle tax is provided on purchase of a new vehicle after scrapping old personal vehicles, while the rebate is capped at 15 per cent in case of commercial vehicles.

Aam Aadmi Party (AAP) candidate from the Jangpura Assembly seat, Manish Sisodia on Sunday said that if he is voted to power, then, he will sit with Arvind Kejriwal as a cabinet minister and Deputy Chief Minister of Delhi and it won't be only him who will get that position but the people of his constituency.

Shivraj Singh Chouhan on Sunday said the government is working on a model to allow farmers to sell their produce directly to consumers, reducing middlemen's role. Interacting with about 400 farmers after the Republic Day parade at Pusa campus, Chouhan emphasized that the «farm to consumer» model will help farmers get maximum benefits, an official statement said.