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Boeing 737-900ER aircraft visually inspect mid-exit door plugs to ensure the component is properly secured. The FAA on Jan. 6 grounded 171 Boeing 737 MAX 9 planes following the mid-air cabin blowout of a door plug on an eight-week old Alaska Airlines jet. The FAA said the Boeing 737-900ER is not part of the newer MAX fleet but has the same door plug design.

Stock Market News: US markets rose over the weekend on growing optimism over artificial intelligence (AI). On the other hand, given the long weekend holidays, low trading activity, and weekly option expiry, domestic markets on Saturday showed a muted trend.

₹10,000 crore from the auctions that it plans to hold by the end of FY24, the officials cited above said, which will be a fraction of the record ₹1.5 trillion raised in 2022 when the government sold 72,097.85 MHz in the first-ever sale of 5G airwaves. Telcos may refrain from buying fresh airwaves, and may focus on renewing licences expiring between February and August this year, the officials said on the condition of anonymity. “In the last auction where 5G spectrum was put on sale, more than 100 MHz (units) of spectrum was given out to Airtel and Jio.

As a bout of bitter and deadly cold sweeps the U.S., millions of Americans are being told to dress in layers if they must go outside

GJEPC) have urged the government to reduce import duty on gold and cut and polished diamonds to help the sector stay competitive globally. India's gem and jewellery industry is dependent on imports for raw materials, including gold, diamonds, silver, and coloured gemstones. The GJEPC seeks a reduction in import duty on precious metals to 4 per cent from the current 15 per cent. It demands bringing down customs duty on cut & polished diamonds to 2.5 per cent from 5 per cent at present. The apex industry body stated that imposing higher import duty on cut and polished gemstones would lead to reduced exports, fewer employment generation in the jewellery industry thereby making survival difficult due to losing competitive edge to other competing countries like China and Thailand. Also Read: Interim Budget measures that Modi govt needs to take

Stock Market News: Domestic equity benchmark indices, Nifty 50 and Sensex, ended in red on Saturday's session due to losses led by information technology (IT) firms, Hindustan Unilever, and Reliance Industries. Conversely, private banks saw selective purchasing following the recent strong correction and steady Q3 earnings.

Nifty Bank index snapped its 4-day losing streak on Saturday to close in the green, above the psychological resistance of 46,000. The index rose over 350 points while the Nifty50 closed 50 points lower at 21,571 on Saturday. “Amid rising optimism about AI, US markets surged over the weekend. However, domestic markets exhibited a subdued trend influenced by extended holidays, low volumes, and weekly options expiration,” said Vinod Nair, head of research at Geojit Financial Services. “Profit-booking was noted in IT and FMCG, while private banks witnessed selective buying post the recent sharp correction and stable Q3 earnings,” he said. The rally in the Nifty Bank index was led by gains in PNB, Kotak Mahindra Bank, IDFC First Bank, AU Small Finance Bank, among others. Some selling was seen in IndusInd Bank and Federal Bank. The Nifty Bank opened higher, but the momentum fizzled out soon, which took the index towards 45,640.

Kotak Mahindra Bank on Saturday said that its board has approved the raising of funds worth Rs 10,000 crore via the NCD route. «This is to inform you that the Board of Directors of Kotak Mahindra Bank have, at their meeting held today, inter alia, approved a proposal to enable the Board of Directors of the Bank to raise funds by way of issuance of Unsecured, Redeemable, Non-Convertible Debentures, on a private placement basis, for an amount up to Rs. 10,000 crore,» Kotak said in an exchange filing. The NCDs would be issued in one or more tranches during FY 2024-25, subject to shareholder and other approvals, the bank said after a board meeting. Earlier in the day, the lender announced its December quarter results in which PAT stood at Rs 3,005 crore, up 8% YoY from Rs 2,792 crore in Q3 FY23. Its net interest income or NII rose 16% YoY to Rs 6,554 crore while the net interest margin came in at 5.22%. Provisions and contingencies surged to Rs 579 crore from Rs 149 crore a year ago.

Persistent Systems on Saturday said that its has board approved splitting the value of shares in the ratio of 2 for 1. The existing one equity share having a face value of Rs 10 each, will be split into two equity shares having a face value of Rs 5 each, the company said in an exchange filing. This is the first time the company will be splitting the shares since it got listed.

Multibagger stock: Shares of Sigachi Industries Ltd are one of the multibagger stocks that the Indian stock market has delivered in the last one year. The multibagger pharma stock has risen to the tune of 145 per cent in the last one year. However, it seems that the pharma stock still possesses some upside potential.

₹50,000 crore in divestments for FY25. Moreover, dividends to the government should remain strong (both RBI and PSUs). Subsidies are estimated to fall owing to fertiliser subsidies.

Budget 2024 on February 1, expected to balance populist measures and fiscal prudence. India must simplify land purchase policies and digitize records to prevent complex acquisition processes from derailing projects, suggested Suren Goyal, partner at RPS Group. Rationalizing taxes, funds access, and compliance rules will also assist developers in mitigating risks from related uncertainties, he added.

Ceenik Exports have given phenomenal returns to their investors in the last 1 year. The stock has delivered a whopping 1,096 percent return to its new high of ₹147.70 currently from ₹12.35 in January 2023. This implies that an investment of ₹10,000 in this penny stock in January 2023 would have turned into ₹1.19 lakh now.

Paytm jumped over 3% to the day's high of Rs 798 on the NSE in Saturday's trading session after the company reported a jump in its December quarter revenue while narrowing its losses. With today's gains, the stock has remained unbeaten in three sessions and gained over 8%. The digital payments major narrowed its losses to Rs 220 crore for the quarter ended December 2023, compared to Rs 290 crore in the September quarter and Rs 392 crore in the year-ago quarter. Revenue from operations in the third quarter jumped 38% to Rs 2,850 crore as against Rs 2,062 crore in the corresponding quarter of the previous year. Read more | Paytm Q3 Results: Losses narrow to Rs 220 crore; revenue jumps 38% YoY Reacting to Paytm's quarterly show, analyst Sanjiv Bhasin said that he has been recommending the stock at levels of Rs 600, 620 and the stock has now surpassed Rs 780.

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:

Kotak Mahindra Bank Q3FY24 performance to be announced on Saturday. The market nervousness was visible and share price of Kotak Mahindra Bank ended 0.66% lower on Friday on the BSE. The caution on Banks prevails as market participants are not being kind to any disappointments in Q3 performance and even slight miss in the results on any parameters is leading to sharp correction in stock prices as had been the case with HDFC Bank.

BSE Midcap index rose by 1.06%. Analysts say that the fact that Nifty ended a three-day losing skid was a good thing that happened on Friday.

Ayodhya Ram Mandir Pran Prathistha: Ayodhya Ram Mandir Pran Prathistha: Uttar Pradesh Chief Minister Yogi Adityanath on January 19 reviewed preparations for the Ram temple consecration ceremony in Ayodhya, PTI reported. He instructed officials to prioritise strong security measures and ensure proper respect for VIPs attending the event, it added. The CM emphasised the deployment of liaison officers with every VVIP participant, and individuals familiar with the historical and cultural significance of Shri Ram Janmabhoomi Mukti Yagya were recommended for specific roles.

Sensex jumped 496 points to settle at 71,683.23 and the Nifty climbed 160 points to end at 21,622. Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose shares climbed 2.18% on Friday. Here's what Pravesh Gour, Senior Technical Analyst at Swastika Investmart, recommends investors should do with these stocks when the market resumes trading today.

Sensex jumped 496.37 points, or 0.70%, to end at 71,683.23, while the Nifty 50 settled 160.15 points, or 0.75%, higher at 21,622.40. “Next week the result season will pick up pace with a host of key large and mid-cap companies releasing their numbers. Overall we expect domestic equities to trade in a broader range with positive bias," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Buy or sell stocks for today: Generally, the Indian stock market remains closed on Saturday and Sunday but on 20th January 2024, dealing on Dalal Street will take place from 9 AM to 3:30 PM. The decision has come ahead of the Ram Temple ‘Pran Pratishtha’ ceremony in Ayodhya on Monday, January 22. So, the stock market in India will remain closed on the following Sunday (21st January 2024) and Monday (22nd January 2024).