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Mayuresh Joshi, Head-Equity, Marketsmith India, says global circumstances, including Trump's potential return to office and global inflation trends, are largely beyond our control. While recent data showed some improvement, uncertainty remains, particularly regarding its effects on bond yields and interest rates. Currently, the situation is inconsistent, and corporate earnings may continue to weaken, posing challenges for emerging markets. A selective approach is essential this year, focusing on specific sectors and individual stocks, making it a market driven by stock selection. We can safely say we are out of the woods once a large chunk of earnings is behind us because that, in some sense, is the true litmus test? Mayuresh Joshi: Absolutely, right. Out of all the large emerging markets that we track, earnings is going to be a big concern, and specifically because of that, earnings downgrades. India, Hong Kong, and China are something that we put under pressure as far as the market outlook is concerned. And therefore, how this earnings season plays out specifically and what corporates have to say in terms of the outlook ahead for 2025 is going to be extremely critical.

Gold prices firmed on Friday and were headed for a third straight week of gains after U.S. data this week hinted that the Federal Reserve might continue easing interest rates this year. FUNDAMENTALS

Wipro, Jio Financial, Tech Mahindra and SBI Life. Apart from the above, companies like Indian Hotels, ICICI Lombard, Ramkrishna Forgings, Supreme Petrochem, Aether Industries, Ganesh Housing, Rallis India, Sterlite Technologies and a few others will also declare their quarter results.

Federal Reserve rate cuts. A benign reading on inflation calmed fears about a renewal in price pressures and strong bank earnings helped the three major U.S. indexes notch their biggest one-day percentage gain since Nov. 6 on Wednesday.

In the IPO, about 50% of the offer is set aside for qualified institutional buyers (QIB), 35% for retail investors and the remaining 15% for non-institutional investors.

NSE SME platform later today. If the GMP trends are taken into account, the stock is likely to see a healthy listing. Currently, Sat Kartar Shopping GMP is around Rs 40 and compared with the IPO price of Rs 81, this is a premium of 49%.

Stocks that were in focus include names like SBI Life, which rose 3% and DMart, which gained 1% and LTIMindtree, whose shares jumped 2.5% on Thursday.

Wealthy investors looking to book profit from equities amid rich valuations and eyeing a fixed income product with high safety are turning to RBI floating rate bonds, which currently give an 8.05% return. These bonds, issued by the Reserve Bank of India on behalf of the government, earn more than 10-year benchmark government bonds and fixed deposits, distributors said.

«While recent index movements have lacked clear direction, the resilience of the banking sector, which carries significant weight, is a positive sign. Amid these mixed signals, participants should prioritize selective stock picking and robust risk management strategies,» said Ajit Mishra – SVP, Research, Religare Broking.

Asian stocks slipped in early trading after US shares struggled to gain traction as traders prepared for a swath of Chinese data scheduled Friday including fourth-quarter growth. Shares in Japan fell as the yen largely held onto gains from earlier in the week, while those in Australia fluctuated, weighed by Rio Tinto Group following a report it has held early stage talks on combining its business with Glencore Plc. US equity futures were little changed.

Blue Cloud Softech Solutions on Monday, January 20, today becomes the last day to buy the shares of these companies in order to qualify for the stock splits announced by them. Shareholders who buy the stock at least one day before the ex-date are eligible for the offers as settlement happens the next day. Those buying the stock on the ex-date are not eligible for dividends/splits/bonus issues etc.

Capital Infra Trust InvIT, which floated an IPO and received subscription of just over 2 times, will debut on the exchanges on Friday. Ahead of the listing, the company's shares have no GMP in the grey market. This is because InvIT units typically are not actively traded in the grey market like any IPO shares of the companies. InvITs are typically structured as investment vehicles focused on infrastructure assets like roads, transmission lines, or renewable energy projects.

HDFC Life surged 8% on Thursday as analysts at most top brokerages retained share price targets after better-than-expected third-quarter results. The stock closed at ₹641.7. «The results were above the expectations of the market, and it seems that the impact on margins has likely bottomed out,» said Abhishek Pandya, research analyst at StoxBox. «The market will also be watching for regulatory clarity regarding bancassurance and potential taxation changes going ahead.»

Subscribe to enjoy similar stories. Indian benchmark indices Nifty and Sensex sustained their upward momentum for a third consecutive session on 16 January, driven by robust gains in metal, energy, and public sector bank stocks. This positive trend followed the softer-than-expected US inflation data for December, boosting hopes for additional interest rate cuts by the US Federal Reserve in 2025.

Subscribe to enjoy similar stories. New Delhi: Outgoing US ambassador to India Eric Garcetti said North American and West Asian oil can make up for any shortfall in Russian crude supplies to India following the latest US sanctions on that country, pointing out that India and the US “agree that borders should be sacrosanct". On fears of a looming tariff war, he said with President-elect Donald Trump “it's an invitation to negotiate." Edited excerpts from an interview: I would say its trust and ambition, because it's clear that we have friendship.

Infosys, India's second-largest IT services company, posted a better-than-expected 11.4% increase in consolidated net profit at Rs 6,806 crore for the December quarter from the year earlier, driven by a healthy rebound in the financial services and manufacturing segments. Europe, the company's second-largest region after the US, reported double-digit revenue growth. Profit was up 4.6% sequentially. Infosys did better than peers Tata Consultancy Services (TCS) and HCLTech in terms of beating analyst expectations, while echoing similar sentiments regarding an «improvement in discretionary spends» in select segments in core geographies. This persuaded the Bengaluru-based company to raise its revenue guidance for the full fiscal year ending March to 4.5-5.0% in constant currency terms from 3.75%-4.50% earlier, marking a second upgrade in a row. Operating margin outlook continued to remain at 20-22%.

RIL, Infosys, IRCTC, Wipro, Jio Financial, BPCL among others will be in focus due to various news developments and third quarter results. RIL India's top conglomerate Reliance Industries (RIL) third quarter earnings beat the Street expectations as the recovery in oil-to-chemicals and strong show from Jio Platforms aided growth.

Axis Bank on Thursday reported a tepid rise in its December quarter profits on the back of weak business growth, increased slippages and higher credit costs. The bank's profit rose 4% on year to ₹6,304 crore, largely in line with expectations. An analyst poll by Bloomberg had estimated profit after tax at ₹6,297 crore. Net profit was ₹6,071 crore in the same quarter last year.

Hindenburg Research, the controversial short-selling firm, winds down, the impact of its stinging report on the share prices of Adani Group, one of its most notable targets, still lingers. The group's total market value is still 34% below the levels when the Hindenburg report was released on January 24, 2023, accusing the conglomerate of 'stock price manipulation' and 'accounting fraud'. The silver lining is that the conglomerate's financial parameters are pointing to better health. Out of the 11 Adani stocks listed then, seven are yet to recover to the pre-Hindenburg levels though the Nifty index has rallied 29% since then. Three stocks, such as Adani Total Gas, Adani Energy Solutions, and Adani Wilmar, are trading 50-83% lower; while NDTV, Adani Green and Adani Enterprise are down by 30-50%. Adani Power has doubled since the Hindenburg report while Adani Port gained 48%.

Pacheli Industrial Finance (PIFL) and six other entities from accessing the securities market for indulging in a 'pump and dump' operation. The regulator said the company was taken up for examination because the share price movement of PIFL did not appear consistent with the reported financials.

quick commerce app. So will some other regular packs of consumer goods firms, which are reworking their channel strategies to protect neighbourhood stores, while also aligning them with changing shopping habits.