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Nifty Index, trading near the 24,000 mark seems to be getting stuck within 50 DEMA of 24,212, 100 DEMA of 24,249 on the upper side and 20 DEMA of 24,017 and 150 DEMA of 24,026 DEMA on the lower side. In the previous week, a positive breakout in Nifty was seen but the momentum fizzled out on Friday as the index didn’t manage to break the resistance at 61.8% Fibonacci level of 24,248 and gave away partial gains by closing 183 points, lower than the previous day.

Hiren Ved, Director & CIO, Alchemy Capital, says the market has been in a corrective consolidation phase for a while now and it might continue for some time, but the biggest catalyst, more than anything else, could be the result season because once there is confidence that earnings can come back and growth can come back in Q4, the markets can get back to the races. Ved also says he continues to bet on the CDMO theme, platforms and tech and higher-end consumption this year. Markets are not in a marathon mode, they are not here, not there. Are we in for more of the same where we just stay in this range for an extended period of time? Hiren Ved: Yes, it very well could be because everybody wants to wait and see how the results pan out because we had a soft patch in the economy. We had a soft patch when it came to results in Q2 and also everybody is waiting for what Trump is going to do and then we also have the Budget. Typically, when you have so many events, then it is very difficult to see if you will have any great direction, one way or the other.

Bharat Forge Ltd. 2.23 per cent to Rs 1267.60 at 12:12PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 16,702 shares with a turnover of Rs 2.13 crore till 12:12PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 63.93, while the price-to-book value ratio stood at 7.33.

Bandhan Bank Ltd. traded 2.53 per cent in Monday's trade at 12:07PM (IST). Around 760,641 shares changed hands on the counter. The counter opened at Rs 158.85 and touched an intraday high and low of Rs 159.70 and Rs 153.00, respectively, in the session so far. The stock of Bandhan Bank Ltd. quoted a 52-week high of Rs 263.15 and a 52-week low of Rs 153.00.

Subscribe to enjoy similar stories. The Indian government recently imposed a minimum import price (MIP) of ₹20,108 per tonne on soda ash until 30 June 2025. This decision, communicated by the Directorate General of Foreign Trade (DGFT), aims to curb the inflow of lower-cost imports and protect the local manufacturing sector.

HDFC Bank will remain in focus on Monday after its deposit growth outpaced loan growth for the quarter ending December 2024. While deposits grew by 15.8% on year, its loans grew by 3%, provisional numbers released by the lender showed. Total gross advances stood at Rs 25.42 lakh crore as of December 31, 2024, a growth of around 3.0% over Rs 24.69 lakh crore at the end of December 31, 2023.

demand, but orders from abroad declined, reflecting growing trade risks to the economy, a private sector survey showed on Monday.

price discovery process for ITC Hotels which is getting demerged from the parent company. Today, January 6, marks the record date for the much-anticipated demerger of ITC Ltd.'s hotel business, affecting approximately 36 lakh shareholders of the Kolkata-based conglomerate.

Shibani Sircar Kurian, Senior EVP, Sr. Fund Manager & Head -Equity Research, Kotak Mahindra AMC, says larger IT stocks are fairly in line with market valuations and therefore, she continues to be positive on the sector as a whole. However, this quarter, one should watch out for commentary in terms of deal flow as well as expectations going forward. The rupee depreciation will help in terms of margins and therefore margins should remain largely stable. As far as auto stocks are concerned, commodity costs remaining under control are helping in terms of margins, but the main thing to watch out for will be volume growth over the next couple of months as such. Is it going to be ‘happy days’ for FMCG? Will staples finally bottom out or will pressure continue? Shibani Sircar Kurian: It has been a mixed bag as far as the consumer and staples pack goes. What we have been noticing and what management commentary over the last few quarters has been is that while the urban demand has been somewhat slowing down, there is an uptick that we are seeing on the rural side. Overall, it is still a fairly mixed bag in terms of growth. Even if you saw the last quarter numbers, the volume growth numbers were fairly muted.

Beijing last year struggled to lift the economy out of a slump fuelled by a property market crisis, weak consumption and soaring government debt.

Irdai) met with promoters of large insurance companies, including Sanjiv Bajaj, Uday Kotak, and Keki Mistry, and urged them to present a clear road map for listing their insurance companies within the next two to three years, sources aware of the development told ET. «Prominent industry leaders, including Sanjiv Bajaj, Uday Kotak, and Keki Mistry, along with senior representatives from the SBI and other banks, attended meetings with Irdai,» said an industry executive, who declined to be named. «The regulator insisted on meeting promoters and not just managing directors and CEOs, as they take responsibility for charting out a timeline and strategy.»

corporate earnings growth and rising US bond yields are keeping them cautious. Foreign portfolio investors' long-to-short ratio, an indicator of overall bullish versus bearish positions of foreign investors, in index futures was at 17.2%. When the reading is at 12-18%, the bearish positions are considered high. It touched 13.5% on January 1 and rebounded as foreign investors cut their bearish positions amid the market bounce.

front-running has come under the spotlight once again after Sebi uncovered a front-running by stock market operator Ketan Parekh along with other entities. Ruchita Sonawane takes a closer look at what is front-running and how it happens. What is Front-Running?

Nifty expected to touch 24,400-24,500 in the near future. This implies an upside of as much as 2% over Friday’s closing of around 24,000. The action will most likely be stock-specific, while analysts said the downside is a good time to accumulate large-cap stocks. DHARMESH SHAH HEAD OF TECHNICAL, ICICI SECURITIES

Joe Biden was gearing up to stop Japanese steel-maker Nippon Steel from acquiring Pittsburgh-based US Steel, top Japanese officials repeatedly warned that quashing the merger would hinder economic ties between the allies.

Subscribe to enjoy similar stories. Mumbai/Bengaluru: At the turn of the century, Ketan Vinaychandra Parekh, then 38 years old, was known as the ‘Pied Piper of Dalal Street’. “If the stock market is one of the movers of the new Indian economy, Parekh is one of the prime movers of that market…legend has it IPOs are filed with Parekh before they hit the market," an India Today article from February 2001, stated.

Piyush Goyal will also interact with these commercial representatives on January 6.

Indian equities in the first three trading days of the month driven by apprehensions ahead of the third-quarter earnings season and high valuations of domestic stocks. This came following an investment of Rs 15,446 crore in the entire December, data with the depositories showed. The shift in sentiment comes amid global and domestic headwinds.

operating profit in the October-December quarter. Several FMCG makers are likely to log a low single-digit rise in their revenue, returning to the cycle of value-driven growth. One of the reasons could be that a number of companies have opted for a price hike in the December quarter due to rising costs of input items such as copra, vegetable oil, and palm oil.

US dollar, high valuations, and investors gravitating toward a multi-asset strategy. The auto sector outperformed other indices, buoyed by strong December sales that defied typically subdued demand. Meanwhile, mid and small caps showed a modest recovery, while large caps trailed behind.