Trends Financial News

Medi Assist Healthcare IPO has been finalised and investors are awaiting the listing, which will be on January 23. Post the IPO allotment, the company's shares saw a bump in GMP in the grey market to Rs 29.

Maldives over viral social media posts by the country's junior ministers mocking his visit to Lakshadweep, Prime Minister Narendra Modi on Sunday made a fresh pitch for the promotion of domestic tourism. During his recent layover at Lakshadweep, PM Modi called for the Indian island cluster to be developed as a destination for beach tourism. Addressing the foundation stone-laying ceremony of Khodaldham Trust Cancer Hospital in Gujarat, PM Modi urged fellow countrymen to take nine solemn pledges, including promoting tourism in the country. «Think about your country first. Do whatever you wish for your country first.

Indian Stock Market: The Nifty remain sideward throughout the session following a strong start. The index has moved back above the critical near-term moving average. In the short term, the index is likely to consolidate within the bands of 21500 and 21700.

Sales of previously occupied U.S. homes sank in 2023 to a nearly 30-year low as mortgage rates climbed to the highest level in more than two decades, pushing homeownership out of reach for many Americans

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore. Domestic institutional investors, meanwhile, are holding for as they invested about Rs 10,274 crore in Indian equities so far this month. Analysts say the rise in US bond yields and elevated valuations are triggering capital outflows from emerging markets. The not-so-pleasing results of India's leading HDFC Bank also aggravated the outflows as they increased short positions.

At first glance, of course, the demon st r at ion of i nve stor confidence in a hitherto neglected investment pocket, which makes up nearly a sixth of the weighting on the Nifty, appears difficult to square with performance in the immediate past. Business growth has remained muted for most IT majors in the third quarter owing to multiple headwinds related to uncertainty in decision-making, deferred discretionary and technology spends, US recession concerns, and geopolitical tensions. Hence, the sentiment for Q4 is far from cheerful.

Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. The 30-share BSE Sensex fell by 259.58 points or 0.36 per cent to settle at 71,423.65 as 24 of its components declined and six advanced. The Nifty declined 50.60 points or 0.23 per cent to 21,571.80.

At first glance, of course, the demonstration of investor confidence in a hitherto neglected investment pocket, which makes up nearly a sixth of the weighting on the Nifty, appears difficult to square with performance in the immediate past. Business growth has remained muted for most IT majors in the third quarter owing to multiple headwinds related to uncertainty in decision-making, deferred discretionary and technology spends, US recession concerns, and geopolitical tensions.

HanuMan Box Office Collection Day 9: Telugu superhero movie HanuMan is refusing to slow down at the box office. It collected ₹14.25 crore on the second Saturday, which was even better than its first Saturday numbers. On the first Saturday, it collected ₹12.45 crore.

‘Pran Pratishtha’ rituals begin 12:55 PM: PM Modi to leave the consecration ceremony venue 1 PM: Arrival at public ceremony 1 PM- 2 PM: PM Modi to attend public event in Ayodhya 2:10 PM: Visit to Kuber Teela Ahead of the consecration ceremony on 22 January, PM Modi is visiting several temples across India. Earlier in the day, he visited Sri Ranganathaswamy and Ramanathaswamy temples in Tamil Nadu and took a dip at the Rameswaram 'Angi theerth' beach.

₹10,272 crore, up nearly 24% year-on-year but flat sequentially, surpassed analysts' estimates of ₹9,950 crore, as polled by Bloomberg. Here is what the management had to say about various performance metrics: Concerns around slowing growth in current and saving accounts (CASA) remained. The bank’s CASA deposits grew 3.8% year-on-year to ₹5.3 trillion, translating to a little under 40% of overall deposits.

MYRO, the cryptocurrency in question, has witnessed a modest uptick in its valuation. The price of MYRO is currently $0.240028, with trading activity over the last 24 hours reaching $78.63 million. The currency has appreciated by 1.65% within this period.

Dividend Stocks: Shares of some companies, including Wipro Ltd, Angel One, Mastek, and few others will others will trade ex-dividend in the coming week, starting from Tuesday, January 23. Some other companies will also trade ex-split while some have announced a buy back of shares next week. The ex-dividend date is the day on which the equity share price adjusts to reflect the next dividend payout.

₹13,047 crore worth of Indian equities and the total inflow stands at ₹134 crore as of January 19, taking into account debt, hybrid, debt-VRR, and equities, according to National Securities Depository Ltd (NSDL) data. FPIs were big players in financial services and information technology (IT), according to analysts. "There is a sudden change in the strategy of the FPIs starting 17th January.

Nifty Bank index snapped its 4-day losing streak on Saturday to close in the green, above the psychological resistance of 46,000. The index rose over 350 points while the Nifty50 closed 50 points lower at 21,571 on Saturday. “Amid rising optimism about AI, US markets surged over the weekend. However, domestic markets exhibited a subdued trend influenced by extended holidays, low volumes, and weekly options expiration,” said Vinod Nair, head of research at Geojit Financial Services. “Profit-booking was noted in IT and FMCG, while private banks witnessed selective buying post the recent sharp correction and stable Q3 earnings,” he said. The rally in the Nifty Bank index was led by gains in PNB, Kotak Mahindra Bank, IDFC First Bank, AU Small Finance Bank, among others. Some selling was seen in IndusInd Bank and Federal Bank. The Nifty Bank opened higher, but the momentum fizzled out soon, which took the index towards 45,640.

₹19,641 crore. The company's gross revenue rose by 3.2 per cent YoY to ₹2,48,160 crore led by continued growth momentum in consumer businesses. EBITDA for the quarter jumped 16.7 per cent YoY to ₹44,678 crore while the EBITDA margin rose 210 bps to 18 per cent.

Medi Assist IPO: The listing date for the initial public offering (IPO) of Medi Assist Healthcare Services Limited has been fixed on 23rd January 2024 i.e. on Tuesday next week.

fund managers. Druckenmiller’s approach to investing is defined by extensive research, effective risk management, and a sharp comprehension of macroeconomic trends. He demonstrates a willingness to adopt contrarian positions, exemplified by his profitable wager against the British pound.

The S&P 500 reached a new all-time high Friday, driven in part by semiconductor stocks on the back of strong AI spending trends. It was the first record close for the bellwether index in over two years.

Nifty started the week on a positive note but witnessed selling at higher levels to end the week on a weak note. The Nifty50 closed at 21622 on 19th January with a loss of 272 points on a weekly basis. On the weekly chart, the index has formed a Bearish candle which engulfed its previous week's move, forming a «Bearish Engulfing» candlestick formation, indicating a bearish reversal. For confirmation of this formation, a break and close below the previous week's low are necessary, which could signal a change in the trend to the downside. The chart pattern suggests that if Nifty crosses and sustains above the 21700 level, it could witness buying, leading the index towards 21800-22000 levels.

The rally in rail stocks seems to be far from over, with stocks like IRFC witnessing a 41% gain in the week. “Given the trend and momentum, the stocks in this space are experiencing increasing demand every single day. I believe this momentum might carry over in the short term, and dips would be bought into. So, consider dips to get into the stocks in the railway space,” says Rupak De, Senior Technical Analyst at LKP Securities. Edited excerpts: Following the buying seen on Friday, how does the Nifty chart look like for monthly expiry ahead? How strong is the support at around the 21,300 level? Rupak De: Following a carnage on Wednesday, the bulls made a strong comeback on the last day of the week, taking Nifty back above the 21EMA.