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Shoppers Stop climbed as much as 10.8% on Wednesday to Rs 688 on the BSE after the department store chain posted a nearly 41% year-on-year (YoY) rise in quarterly profit, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season. For the third quarter ending December 31, Shoppers Stop posted a consolidated net profit of Rs 522.3 million, compared to Rs 368.5 million in the same period last year. This marks a strong recovery following two consecutive quarters of losses.

Dixon Technologies may gain investor attention on Wednesday, January 15 as domestic brokerage firm Emkay has initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 20,000, foreseeing a potential for 22% upside. Emkay has initiated coverage on Dixon Technologies citing strong growth prospects driven by several key factors. The brokerage firm highlights Dixon’s established leadership across various product verticals and its consistent expansion into adjacent markets as a key strength.

Hybrid mutual funds or schemes that invest mostly in equity and debt fare better in an uncertain or volatile environment. Mutual fund experts believe that the markets are likely to be cautious and investors should also proceed with caution.

IRFC) shares will remain in focus on Wednesday, January 15, after the firm emerged as the lowest bidder (L1) to finance Rs 3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand. The project is being undertaken by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture between NTPC Ltd (holding a 74% equity stake) and Jharkhand Bijli Vitran Nigam Ltd (26% equity stake).

The Nifty futures closed positive with gains of 0.51% at 23,280 levels on Tuesday. The India VIX index declined by 3.30% to 15.47, signaling reduced market volatility.

Adani Green Energy shares will be in focus on Wednesday, January 15, after Adani Renewable Energy Forty-Eight Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL), announced the commissioning of a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With this addition, AGEL’s total operational renewable generation capacity has risen to 11,666.1 MW, the company said in a regulatory filing. The plant is set to commence power generation on January 15, 2025, following the relevant clearances.

Stocks that were in focus include names like Angel One, which fell 3.1% and HDFC Life, which rose 0.2% and Network18, whose shares gained 3% on Tuesday.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Bank Nifty Today Live Updates: At current prices Bank Nifty, faces the below Resistance and Support levels As of the last trading day, the Bank Nifty closed at 48,734.15. This reflects the performance of the banking sector in the stock market, showing how the index has moved in response to market conditions and economic factors.

Disclaimer: This is an AI-generated live blog and has not been edited by LiveMint staff.Nifty 50 Today Live Updates: At current prices Nifty 50, faces the below Resistance and Support levels On the last trading day, the Nifty 50 index closed at 23,431.5. This closing price reflects the performance of the index, which represents a diversified portfolio of 50 large-cap companies listed on the National Stock Exchange of India.

The major orders include communication equipment, electro-optics, upgrades for the satcom network, radar & fire control systems, spares, services, etc.

ICICI Prudential Mutual Fund said it is «more negative» on small-cap and mid-cap stocks even after the declines. «We hold on to our view that small-caps and mid-caps are more risky and are overvalued compared to large- caps whereas large-caps are in neutral zone as per our framework,» said S Naren, executive director & CIO, ICICI Prudential AMC. Naren said large-caps are not cheap, but they are not overvalued either. He added that exuberance in equities among local investors exists.

PB Fintech, the parent company of Paisabazaar and Policybazaar, tumbled 6.7% in Monday’s intraday trade to a low of Rs 1,730.50 after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to «Underweight» with a target price of Rs 1,400. Morgan Stanley has previously assigned an «Equal Weight,» rating to the stock. Additionally, the stock's target price indicates a potential for a 24% downside from Friday's closing price.

Subscribe to enjoy similar stories. This may be the year to skip Rome—or Italy entirely. The Roman Catholic Church is celebrating a jubilee year, a roughly yearlong tradition dating to the early 14th century.

Subscribe to enjoy similar stories. On Friday, the market opened flat at 23,551.90, and with high volumes, it fell by 222 points to the intra-day low of 23,344.35. However, after coming close to 23,350, the market showed strength and rose 240 points to intra-day high of 23,596.60.

Subscribe to enjoy similar stories. On 10 January, bearish sentiments continued to dominate the market, leading to increased negative bias. The current market conditions favour a bearish stance, and traders should consider using temporary market recoveries as opportunities to short the index.

Subscribe to enjoy similar stories. India's benchmark index, Nifty 50, extended its losing streak to three consecutive sessions, closing at 23,431.50. The index opened the session on a muted note at 23,551.90, tracking global market cues, and remained range-bound for most of the day.

CII has backed further simplification of the regulatory framework, expansion of the ambit of the national single-window system (NSWS) portal and revamp of the alternative dispute resolution (ADR) system to minimise tax disputes, among steps to make it easier for doing business in India. «Simplifying regulatory frameworks, reducing compliance burdens and enhancing transparency should continue to remain our focus agenda for the next several years,» Chandrajit Banerjee, director general of the Confederation of Indian Industry (CII), said in a press release on Saturday. The CII has pitched for centralised regulatory approval through NSWS, wherein all central, state- and local-level approvals are provided, bringing transparency and faster regulatory clearance for businesses. The industry body has suggested phase-wise onboarding of central ministries and states on the portal, incentivising the states to shift to the portal once the central ministries have been integrated into the portal.

eco-sensitive zone of the Hoollongapar Gibbon Wildlife Sanctuary in Assam's Jorhat district. The Standing Committee of the National Board for Wildlife (NBWL), chaired by Union Environment Minister Bhupender Yadav, approved the proposal by Vedanta Group's Cairn Oil & Gas during its meeting on December 21, according to the minutes of the meeting. Assam's principal chief conservator of forests (wildlife) and chief wildlife warden had recommended clearance for the project in August last year, citing «national interest». The Forest Advisory Committee of the Union Environment Ministry had also granted in-principle approval during its meeting on August 27 last year.

Apple's board of directors has recommended shareholders vote against a proposal to end the company's diversity, equity and inclusion (DEI) programs, going against the grain of decisions by other large US corporates. The National Center for Public Policy Research, a conservative think tank, proposed Apple shareholders consider ending the firm's DEI program to prevent lawsuits following a 2023 Supreme Court's ruling against affirmative action in universities. But the Apple board has recommended voting against the proposal when it meets late this month.

Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities said that he sees the bearish pressure continue and to intensify as the index closed below 23,500 for the first time in several days. «The index remains below the crucial 50 EMA, reaffirming a bearish trend. Furthermore, the RSI remains in a negative crossover, signaling weak momentum. Sentiment stays subdued in the short term, with the potential for a decline toward 23,300 or 23,000. On the upside, resistance is observed at 23,550–23,600,» De said.

ByteDance, and potential data-sharing with the Chinese government.