Fall Financial News

Zee share price tanks 33%, erases over ₹7k crore mcap as Sony calls off merger; brokerages downgrade stock The losses in midcaps and smallcaps were even deeper as the BSE Midcap and Smallcap indices ended with losses of nearly 3 per cent each. The overall market capitalisation of the BSE-listed firms plunged to nearly ₹366 lakh crore from nearly ₹374.4 lakh crore in the previous session, making investors lose about ₹8.4 lakh crore in a single session.

Want to take exposure to a sector which grows much faster than GDP

DLF Ltd. traded 1.57 per cent down at Rs 763.65 on Tuesday at around 11:22AM (IST), while the benchmark BSE Sensex declined 73.26 points to 71350.39.

Boeing (NYSE:BA) shares fell 3% in premarket trading Monday following the Federal Aviation Administration's (FAA) recommendation for door plug inspections on the Boeing 737-900ER model.

Mean Girls" made an impressive debut, raking in $28 million in the first weekend. Projections for its second weekend indicate an expected gross of $11.7 million, pushing the cumulative domestic earnings to precisely $50 million within a span of 10 days. In its sixth weekend, 'Wonka' secured an additional $6.4 million, bringing its cumulative earnings to just shy of $190 million. The movie's sustained performance suggests a strong likelihood of surpassing the $200 million mark in domestic box office revenue. The consistent success of Wonka underscores its enduring popularity and strong viewer support.

₹19,641 crore. The company's gross revenue rose by 3.2 per cent YoY to ₹2,48,160 crore led by continued growth momentum in consumer businesses. EBITDA for the quarter jumped 16.7 per cent YoY to ₹44,678 crore while the EBITDA margin rose 210 bps to 18 per cent.

Hindustan Unilever (HUL) fell over 3% to the day's low of Rs 2,487 on Saturday following its December quarter earnings where the fast-moving consumer goods (FMCG) sector bellwether reported disappointing earnings on Friday. The commentary by a couple of brokerages was uninspiring for investors with CITI reiterating an 'Equal Weight' rating, while Nuvama trimmed EPS estimates even as it retained a buy stance. The company posted a net profit growth of a mere 0.6% year-on-year (YoY) to Rs 2,519 crore while missing the ETNow poll estimate of Rs 2,724 crore. Revenue from operations fell 0.3% YoY to Rs 15,188 crore and also trailed estimates of Rs 15,533 crore. Read More: HUL Q3 Results: PAT rises just 0.6% YoY to Rs 2,519 crore, trails estimate Here's what brokerages recommended:

Investing.com — U.S. futures edged higher Friday, with positive sentiment in the tech sector boosting the main indices as the earnings season continues.

around 11 percent over the past two days on the back of disappointing December quarter (Q3FY24) results. Broader market optimism as well as global brokerage house CLSA's positive outlook led to the recovery. The stock rose around 2 percent to its intra-day high of ₹1,486.80.

Zee Entertainment Enterprises Ltd. slipped 3.8 per cent to Rs 238.7 in Friday's trade as of 02:10PM (IST). It hit a high of Rs 252.95 and low of Rs 233.15 during the session.

Metro Brands fell 5% to Rs 1,140 in Friday's trade on BSE after the footwear retail chain reported a 12.6% decline in consolidated net profit to Rs 98.8 crore for the third quarter ended December 2023. The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands. However, its revenue from operations increased 6.14% to Rs 635.5 crore during the quarter under review against Rs 598.7 crore in the year-ago period. In a separate filing, MBL said its board in a meeting held on Thursday declared an interim dividend at Rs 2.75 per equity share on the face value of the paid-up equity shares of Rs 5 each for the FY 2023-24. Also read: Epack Durables IPO opens. Should you subscribe to this issue? At 10.45 am, the scrip was trading 3.3% lower at Rs 1,162.4 on BSE.

The number of Americans applying for unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labor market amid elevated interest rates

By Amina Niasse

DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money.

unemployment benefits last week fell to its lowest level in more than a year, underscoring the resilience of the labour market despite elevated interest rates that are intended to cool the economy. Jobless claim applications fell to 187,000 for the week ending January 13, a decrease of 16,000 from the previous week, the Labor Department reported Thursday. That's the fewest since September of 2022.

Macro Trends Advisors founding partner Mitch Roschelle joins 'Varney & Co.' to discuss the housing market under the Biden administration as monthly mortgage payments continue to soar. 

India will be the fastest growing major economy in the world for the next three years. China's growth has been estimated to slow to 5.4% in 2023 and to 4.6% in 2024 and edge slightly higher at 4.8% in 2025 before settling at 4.6% in 2026-dragged down largely by its property market woes and slowing demand. S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. The decline of China, and at the same time the rise of India, has one common factor: population. Chinese are shrinking in number and aging, which is bad for the manufacturing powerhouse which needs young labour to stay in the leadership position. India, on the other hand, has more than 50% of its population below the age of 25 and more than 65% below the age of 35. SO many young people at work will propel economic growth if the government policies align. Shifting population numbers make India's rise and China's decline inevitable. China's baby problem As per the Chinese government, the population dropped by 2 million people in 2023 in the second straight annual drop as births fell and deaths jumped after the lifting of COVID-19 restrictions, AP has reported.

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell last week to the lowest level since late 2022, suggesting job growth likely remained solid in January.

Nifty 50 and the Sensex suffered their worst single-day percentage fall in about 18 months on Wednesday, a day after HDFC Bank reported its Q3 earnings. On Thursday, Nifty 50 opened at 21,414.20 against the previous close of 21,571.95 and hit its intraday low of 21,285.55.

BSE Sensex fell 0.81 percent to 70,918.07, and the NSE Nifty 50 lost 0.91 percent to 21,374.95. "A nosedive correction in banking stocks, along with concerns over delays in US FED rate cuts, impacted market sentiments. The addition of discouraging Chinese growth data and rising US bond yields also resulted in widespread profit-booking.

India smartphone market remained stable in 2023 as shipments minorly fell 2% to 148.6 million units, according to the latest data released by Canalys on Thursday. The research firm now expects a mid-single-digit growth this year driven by affordable 5G handsets and the pandemic period replacement cycle, however, rising bill-of-materials may become a challenge.