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Sensex nosedived 1,628 points on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares. The Nifty tanked 460 points to settle at 21,571. Stocks that were in focus included names like HDFC Bank, which fell 8.16%, TV18 Broadcast, which rose 7.58%, and SAIL, whose shares declined 5% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

Sensex cracked 1,628.01 points, or 2.23%, to end at 71,500.76, while the Nifty 50 ended 460.35 points, or 2.09%, lower at 21,571.95. “Hawkish Fed commentary, escalating tension in the Middle East, and a spike in bond yield dented investor sentiment. On the domestic front, the market would look at quarterly results for stock-specific action and we expect indices to consolidate after a sharp sell-off," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

Buy or sell stocks for today: Following weak global market sentiments on disappointing Chinese economic data and geopolitical tension in the Middle East, Indian stock market fell on second day in a row. Nifty 50 index registered biggest intraday fall since 13th June 2022 due to the panic selling across the baord led by banking stocks.

The landmark announcement of a spot Bitcoin exchange-traded fund (ETF) approval has significantly impacted the financial landscape.

By Nate Raymond

FTSE Russell will remove the partly paid rights shares of Grasim Industries from four of its major indices with effect from January 23, following the commencement of trading in its rights entitlement. On January 4, Grasim Industries announced raising Rs 4,000 crore through the rights issue of shares. Following the announcement, FTSE Russell temporarily added the partly paid rights line in its major indices from January 10.

What a difference a year and a nickname make.

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Aditya Agarwala, Invest4edu, says: If markets have to sustain these levels, IT will have to chip in. So Infosys is a buy at current levels for a target of 1700 on the upside with a stop loss at 1610 on the downside. The second stock recommendation is MFSL. That too is looking decent for a short up-move, maybe a day trade or a two-day trade. So at current levels, I would initiate a buy for a target of 1,010 with a stop loss at 900 on the downside. Many of the index stocks have gone below 200 EMA moving average. It’s too late to short though. But at what levels would you start buying? Do you think the structure of the market has changed for some time or it’s just a crack? Aditya Agarwala: I believe markets are still making higher highs, higher lows.

Multi-cap mutual funds, also known as diversified equity funds, refer to mutual fund schemes that are meant to invest a minimum of 65 percent of their assets in equity and equity-related instruments with investment in stocks of different sectors and segments of the market. “Market cap winners keep changing.

Cochin Shipyard, Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL) and Mazagon Dock Shipbuilders defied weak market sentiment on Wednesday, jumping between 4-12 per cent in intraday trade. PSU stocks have been on a tear for the last one year. Data show that shares of IRFC have surged over 300 per cent while those of CPCL, REC, ITI and Power Finance Corporation have jumped between 230-270 per cent.

Marico Ltd. fell 0.09 per cent to Rs 530.95 in Wednesday's trade as of 01:12PM (IST) even as the benchmark Nifty ruled at 21647.95, down 384.35 points. The scrip had closed at Rs 531.45 in the previous session.

Artificial intelligence has evolved remarkably over the years, seamlessly integrating into our world. It has been reshaping the way we interact with technology. From voice-activated virtual assistants such as Siri and Alexa to personalized recommendations on streaming platforms, AI has become an indispensable part of our daily lives.

₹ 6,000 crore. The initial allocation is specifically aimed at supporting 1 GW of offshore wind capacity, and the ministry of new and renewable energy (MNRE) has sent the proposal to the finance ministry, two people familiar with the developments told Mint. Queries sent to MNRE and finance ministry remained unanswered till press time.

medium duration funds are better placed to offer superior returns when the interest rates start falling. Debt mutual funds offer attractive returns in a falling interest rate environment. If that interest you, you can learn more about these funds Most mutual fund investors stick to liquid funds, ultra short term funds, short term funds, banking & PSU funds, corporate funds, etc. to take care of their short-term needs. Most of them might know about gilt funds. Even though they may not invest in them. However, many investors are not aware of medium duration funds. Chances are that most people will keep hearing about medium duration funds this year because most mutual fund advisors are recommending these schemes to their clients these days. As per Sebi mandate, medium duration funds must invest in debt and money market instruments with Macaulay duration of three to four years. As you can see, these schemes are suitable for investors looking to invest for three to four years or more. However, you should check the portfolio duration of the scheme to ensure that the scheme is in line with your investment horizon.

Budget expectations: India may earmark about 4 trillion rupees ($48 billion) for food and fertiliser subsidies for the next fiscal year, two government sources said, indicating fiscal caution ahead of this year's general election. Food and fertiliser subsidies account for about one-ninth of India's total budget spending of 45 trillion rupees during the current fiscal year that ends on March 31. Also Read: Interim Budget 2024 may see modest expenditure hike as Centre looks to stay on fiscal glide path The Ministry of Consumer Affairs, Food and Public Distribution has estimated next year's food subsidy bill at 2.2 trillion rupees ($26.52 billion), the two sources said. That is 10% higher than a projected outlay of nearly 2 trillion rupees ($24.11 billion) for the current 2023-24 fiscal year.

MK Exim (India): The company has declared a bonus issue in the ratio of 1:2. The record date to ascertain the eligibility of shareholders for the bonus issue has been fixed on January 17. In a stock exchange filing, MK Exim (India) Ltd said: “This is to inform you that….the Company has fixed Wednesday, 17 January, 2024 as the "RECORD DATE", for the purpose of ascertaining the eligibility of shareholders entitled for issue of Bonus Equity Shares of the Company in the ratio of 1:2, i.e.

Stent makers have approached the government demanding creation of a separate subcategory and higher ceiling prices for coronary stents with advanced features. This follows several companies shelving plans to launch their next generation stents after major price cuts by the government. Coronary stents became a part of the National List of Essential Medicines (NLEM) in 2022, which made them more affordable.

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