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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. Nifty 50 formed a reasonable negative candle on the daily chart with a long upper shadow. The huge opening downside gap remains partially filled.

Also Read | Nifty Pharma hits all-time high; 10 stocks including Lupin, Cipla, Glenmark Pharma, Divi's Labs touch one-year peaks The offer from Sun Pharma totals approximately $347.8 million, according to Reuters calculations, and represents a 4.2% premium to Taro's closing share price on the preceding January 17. Sun Pharma, which presently holds a 78.5% stake in Taro, had initially proposed to purchase the remaining stake at $38 per share in May.

Senior Humanitarian and Reconstruction Coordinator for Gaza visited Al-Arish, Egypt, on Wednesday in efforts to scale-up assistance to the Gaza Strip. Sigrid Kaag went on to Rafah, one of two crossing points for aid into Gaza, located roughly 40 kilometres from Al-Arish, according to UN News.

«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. Here's breaking down the pre-market actions: STATE OF THE MARKETS

F&O ban list: A total of thirteen stocks have been put under the ban for trade on Thursday, January 18, 2024, under the futures and options (F&O) segment by the National Stock Exchange (NSE). The securities have been put on ban under the F&O segment as it crossed 95 per cent of the market-wide position limit (MWPL), according to the NSE. However, the stocks will be available for trading in the cash market.

₹3,816 crore in the December quarter amid volatility in the stocks of the ports-to-renewable energy conglomerate, data from stock exchanges showed. Despite this sale, the value of LIC’s investment in Adani group companies has risen almost 54% from ₹36,470 crore on 30 January 2023 to ₹56,073.64 crore on 17 January 2024, as shares gained during the period.

After-Hours Stock Movers:

Rockefeller Capital Management, which has seen strong net gains of hundreds of financial advisors over the past several years, started 2024 by hiring two teams, one from Merrill Lynch and the other from UBS, which combined had worked with more than $5 billion in client assets at their previous firms.

Automatic enrollment might be the single biggest factor that has boosted 401(k) savings over the past 18 years, and it could soon be used to sign up employees for emergency savings accounts.

Oral arguments kicked off in Manhattan Wednesday regarding the highly anticipated case against Coinbase brought forward by the United States Securities and Exchange Commission (SEC).

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

Quiver Quantitative — Charles Schwab (NYSE:SCHW), a prominent player in brokerage and banking, faced a challenging year marked by declining profits, assets, and deposits, reflecting the broader impact of the Federal Reserve's interest rate hikes on the financial industry. The firm's net new assets dropped significantly in the fourth quarter, falling 48% to $66.3 billion, while net income almost halved. Furthermore, a notable decline in bank deposits and total retail brokerage accounts falling short of analyst expectations added to the firm's woes. These setbacks initially led to a sharp drop in Schwab's share prices, though they slightly recovered later in the trading day.

Nigerian authorities say two people have died and 77 others have been injured in a massive blast that rocked more than a dozen buildings in one of the country's largest cities

₹2.7 crore on IndiGo, Air India, SpiceJet and the Mumbai airport following passenger inconvenience and violation of security norms amid fog-related disruption in air travel over the past few weeks. The regulators have imposed a cumulative penalty of ₹1.2 crore on India's largest airline IndiGo, ₹90 lakh on Mumbai airport and ₹30 lakh each on Air India and SpiceJet.

shipping companies to notify authorities about any vessels with Indian seafarers taking the troubled Red Sea route and will also ensure easier flow of credit to exporters in view of delays and increase in cargo transport costs. New Delhi is also in talks with Iranian authorities to find a diplomatic solution, officials said. A high-level inter-ministerial group chaired by the commerce secretary Sunil Barthwal, which has officials from ministries of external affairs, defence, shipping ministry and finance, met Wednesday to take stock of the situation and undertake measures to shield domestic industry and ships from the crisis. «MEA is negotiating diplomatically with affected countries to find a credible solution soon,» a government official privy to the deliberations told ET. Another official noted that security protocols had been put in place to secure the troubled route with international collaboration. The official said shipping companies have been directed to notify authorities before they venture towards Europe via the troubled Red Sea route. These protocols have been put in place to ensure safety of Indian seafarers irrespective of the flag on the vessel they are on. At the IMG meeting, defence ministry official said surveillance had been intensified in the Arabian Sea and more mechanisms had been put in place. «Since the route is jointly secured by Western nations and India, the shipping companies now need to take a call on how much movement they want to undertake on the Red sea,» the official said on condition of anonymity, while adding that even if shipping companies do not notify, the government was closely monitoring all activity on the route. Focus on credit support The centre wants to ensure

Uttar Pradesh from Samajwadi Party, a demand which the regional party found 'unreasonable'. The two parties are likely to meet again on Thursday to take talks forward, according to some leaders. According to people present at the second formal round of seat-sharing talks on Wednesday, Congress and SP discussed a seat-sharing formula and agreed 'winnability' should be the main criterion for deciding which party gets which seat. Congress won only Rae Bareli Lok Sabha seat in 2019. A senior leader, who did not wish to be identified, told ET: «The exact number of seats were discussed.

₹1.7-1.8 trillion because of lower international prices and smaller urea imports, said chemicals and fertilizer minister Mansukh Mandaviya on Wednesday. In FY23, the Centre spent ₹2.25 trillion on fertilizer subsidies, as per revised estimates. The budgeted estimates for the ongoing fiscal year is ₹1.75 trillion.

Charles Schwab Corp.’s shares tumbled after the brokerage reported declines in profit, new assets and deposits as it navigated a tumultuous year of interest rate hikes that dented the firm’s balance sheet.  

The Securities and Exchange Commission (SEC) is meeting Coinbase today in federal court, with both parties presenting their first oral arguments amid their industry-defining lawsuit.

Crypto exchange Gemini has received approval to operate as a virtual asset services provider in France.

Asset management firm VanEck will close and liquidate its Bitcoin futures ETF “XBTF,” less than two years after its initial launch.