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Zomato, Tata Steel, Tata Power, Axis Bank, and GAIL India were the top five largecap stocks shopped by mutual funds. MF holding in Zomato increased by a sharp 71 million shares month-on-month (MoM) in December, according to a report by PhillipCapital. Shares of the online food delivery aggregator have rallied nearly 19% since December. In 2023, the stock witnessed its longest-ever winning streak since listing, and this one-way run turned it into a multibagger. Tata Power and Tata Steel also saw significant buying by mutual funds. In Tata Steel, their ownership increased by nearly 33 million shares MoM, and in Tata Power, it went up by nearly 25 million shares. In the last one month, shares of Tata Steel have gained over 17%, while those of Tata Power surged nearly 24%. Gail India was another largecap stock heavily bought by mutual funds in December. The public sector natural gas transmission major has given handsome returns of over 28% to investors since December. Three largecap banking stocks also saw an increase in the ownership by MFs. Axis Bank, ICICI Bank, and State Bank of India were among the top 10 largecap stocks bought by them in December. Besides, ITC, Samvardhana Motherson, and Mankind Pharma were also bought by MFs last month.

Also Read: Peregrine Mission One faces ‘technical issue’, NASA vows to learn from moon mission Artemis is NASA's multi-billion dollar space program intended to send astronauts to the moon since the last Apollo mission in 1972. NASA's second Artemis mission, has been pushed back a year after the American space agency faced issues with Lockheed Martin-built Orion crew capsule's batteries during vibration tests, reported Reuters citing sources familiar with the matter.

Infosys Ltd's stock is up by over 7% on Friday after its December-quarter earnings turned out to be not as bad as was feared. Amid global demand uncertainty and seasonal weakness, information technology investors were bracing for dismal December-quarter (Q3FY24) results from IT companies. But in a partial sigh of relief, Infosys' constant currency revenue had declined sequentially by 1%, whereas the consensus estimate was for a fall of 1.5%.

Also read- Budget 2024: Some modifications in personal tax quite possible, Goldman Sachs expect the central government to announce a fiscal deficit target in the range of 5.2 - 5.4% of GDP (with 5.3% of GDP as their base case) in FY25 given their medium term fiscal consolidation target of reaching 4.5% of GDP by FY26. Goldman Sachs in their report answers five key investor questions before the India Union budget for fiscal year 2025 (April 2024-March 2025): 1: Will the government meet the 5.9% of GDP fiscal deficit target in FY24? Goldman Sachs says that the receipts upside of 0.2% of GDP will help the government meet the fiscal deficit target.

new record high of 21,897 points in today's intraday trade, breaking its previous record high of 21,834 points touched on January 01. Today's rally was propelled by robust support from the IT sector. At 01:45 pm, the index traded higher by 231.85 points or 0.98%, at 21,866 points.

Godrej Consumer Products said in a stock exchange filing on Friday. Also Read: Currency headwinds to spoil Godrej Consumer Products' Dec quarter show As per IndAS 29, all amounts need to be restated into the measuring unit current at the end of the reporting period by applying a general price index. As the Argentinian economy is facing hyperinflationary pressures, accounting regulations require the YTD Statement of Profit and Loss to be translated at the closing rate for presentation in Consolidated Financial Statements, it added.

SIAM) today released numbers for the auto industry performance in December 2023. As per the report, 2,86,390 passenger vehicles were sold in the month of December which marked a 4% Year on Year (YoY) compared to the 2,75,352 passenger vehicles sold in December 2022.

Varun Beverages Ltd. dropped 1.01 per cent to Rs 1264.85 at 02:01PM (IST) in Friday's trade. The stock has hit a high of Rs 1274.0 and low of Rs 1258.95 so far during the session.

Bharat Forge Ltd. fell 2.19 per cent to Rs 1247.95 in Friday's trade as of 02:11PM (IST) even as the benchmark Nifty ruled at 21882.25, up 235.05 points. The scrip had closed at Rs 1275.9 in the previous session.

Atal Setu' or the Mumbai Trans Harbour Link (MTHL), the country's longest sea bridge, the face of Navi Mumbai is changing rather swiftly, as it will shorten travel time between Mumbai and Navi Mumbai to 20 minutes from two hours. The bridge will also enable connectivity to 'Third Mumbai' or the 'Navi Mumbai Airport Influence Notified Area (NAINA)'. It is to be noted that at present, the infrastructure projects include MTHL, Navi Mumbai Metro, Navi Mumbai International Airport and NAINA which are unfolding one by one.

United Spirits Ltd. fell 0.6 per cent to Rs 1110.85 in Friday's trade as of 01:55PM (IST) even as the benchmark Nifty ruled at 21883.0, up 235.8 points. The scrip had closed at Rs 1117.65 in the previous session.

In a statement, Russia's Permanent Mission to the UN said, «Russia has requested an urgent UN Security Council meeting on January 12 in connection with US and UK strikes on Yemen.» In a statement to TASS, the mission said the meeting was scheduled for 10 am (local time) (3 pm GMT) Russia's decision comes after US military forces, along with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands, carried out strikes against a number of targets used by Houthi rebels in Yemen in the early hours of January 12. UK Prime Minister Rishi Sunak has said that the Royal Air Force has conducted targeted strikes against military facilities used by Houthi rebels in Yemen, calling it «limited, necessary and proportionate action in self-defence.» Rishi Sunak said the UK will always stand up for «freedom of navigation and the free flow of trade.» He stated that the Houthis, despite the repeated warnings from the international community, continue to conduct attacks in the Red Sea, including against UK and US warships just this week. In a statement, Rishi Sunak said, «Despite the repeated warnings from the international community, the Houthis have continued to carry out attacks in the Red Sea, including against UK and US warships just this week.» «This cannot stand.

local media reports, and has caused a schism in the community between those who support the tunnel and those who do not.The tunnel is believed to have been dug by students and young men in the community in a bid to expand the synagogue and annex additional space in the basement of an empty apartment building behind the headquarters, according to reporting by the New York Times and The Associated Press.When Chabad leaders called in a cement truck on Monday afternoon to seal up the passageway’s opening, supporters of the tunnel staged an impromptu protest to block the effort. The ensuing conflict turned violent as police moved in.Nine people between the ages of 19 and 22 were ultimately arrested on charges that included criminal mischief, reckless endangerment and obstructing governmental administration, according to police.

Haveri that saw six to seven men barge into a hotel room where a 26-year old woman and a 40 year old man had checked in took a new turn when the woman had alleged that she was raped by the gang, according to media reports. The Karnataka police had already nabbed two of the suspects, and a third was to be taken into custody after he recovered from an accident. However, according to an NDTV report, the police were uninformed about the rape allegations.

Emkay Global Financial Services expects December CPI to come at 5.88 per cent while core inflation, which excludes volatile items like food and fuel prices, may ease to 3.9 per cent. Sujan Hajra, Chief Economist at Anand Rathi Shares & Stock Brokers expects CPI inflation to notch up to 5.72 per cent in December 2023. Global financial firm Barclays estimates that CPI inflation rose modestly in December to 5.6 per cent year-on-year (YoY), driven higher mostly by unfavourable base effects.

Wipro, TCS and HCL Tech traded as the top gainers in the Sensex index. Here are five key factors that appear to have led the Nifty 50 to its fresh all-time high: Most IT stocks jumped to strong gains after the December quarter earnings of TCS and Infosys. The Nifty IT index jumped over 5 per cent to hit its fresh 52-week high of 36,482.25 in morning trade.

Houthi spokesperson says targeting of ships heading towards Israel will continue, after United States backed coalition, including United Kingdom, launches heavy airstrikes across Yemen. The Yemen's Houthi spokesperson also said, “No justification for the US-UK attack on Yemen". The attack by the US and UK on Yemen comes weeks after the Houthi rebels allegedly unleashed disruptive attacks on Red Sea hurting commercial shipping on the trade route.

5paisa Capital Q3 Results 2024: The third quarter of the fiscal year 2024 (Q3FY24)Stock broking company 5paisa Capital on January 11 announced that its profit after tax (PAT) increased by 37 per cent year-on-year to ₹15.1 crore for the quarter that ended in December 2023. In the same period last year, the amount was ₹11 crore. The stocks of 5Paisa Capital were trading in red, down 7.15 per cent, at ₹642.70 on BSE at 10:33 am on January 12, 2023.

Stock market today: After the announcement of the Tata Consultancy Services (TCS) Q3 results on Thursday evening (after market close), TCS share price witnessed an upside swing in the morning session on Friday. TCS share price today opened upside at ₹3,848 apiece level on NSE and went on to touch an intraday high of ₹3,8694 mark within a few minutes of the stock market's opening bell. While climbing to this intraday high, TCS shares logged an intraday gain of over 4 per cent.

₹329.00 apiece on the BSE. However, IKIO Lighting shares are still trading 16% below its listing price on the stock exchanges. IKIO Lighting shares made a stock market debut on June 16, 2023, with the stock getting listed at ₹391 on BSE, a premium of 37.19% to the issue price of ₹285 per share.

NEW DELHI : State Bank of India (SBI) has long avoided payment transactions for Russian oil bought by state-run refiners to avert US sanctions that came into force on 5 December 2022, two people aware of the matter said. SBI, India’s largest lender, is the authorized dealer bank for foreign transactions of state-run refiners. The sanctions of the US treasury department’s Office of Foreign Assets Control on maritime transportation of the Russian Federation-origin oil took effect on 5 December 2022, and for seaborne transportation of petroleum products on 5 February 2023.