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SRF Ltd. traded 3.29 per cent up at Rs 2605.00 at around 10:39AM (IST) on Thursday. The stock had closed at Rs 2521.80 in the previous session. Equity benchmark Sensex traded 228.06 points at 76633.05 around the same time.

Hindustan Unilever Ltd. (HUL) shares are set to remain in the spotlight on Thursday, January 23, following the company's Q3 results. HUL reported a 19% year-on-year (YoY) rise in net profit to Rs 3,001 crore, surpassing Street estimates. This growth was primarily driven by a one-time gain of Rs 509 crore from the divestment of its Pureit business, while profit before exceptional items (PAT bei) remained flat. Sales grew by 2% YoY to Rs 15,195 crore during the quarter. However, underlying volume growth (UVG) remained flat, with competitive absolute volume growth offset by a negative product mix.

Subscribe to enjoy similar stories. Natural disasters and severe weather cost the global economy $417 billion last year, including $154 billion for which insurers were on the hook, according to a new report. Last year was the warmest year on record dating to 1850 and saw a record 21 natural catastrophes with multibillion-dollar price tags, according to a report from Gallagher Re, a reinsurance broker.

Norges Bank Investment Management, the world's largest sovereign wealth fund. In India, it has over $30 billion parked in companies ranging from HDFC Bank, Reliance, ICICI Bank, Airtel, Infosys and TCS to Zomato, Nykaa and DMart. The CEO of the largest single investor in the world also hosts the popular In Good Company podcast with global industry leaders. A former chef, Russian translator and intelligence man, Tangen told Arijit Barman in an interview in Davos that the world is in the grip of unprecedented volatility. Edited excerpts: Nearly a third of your assets are in Europe. With Europe slowing and generating poor returns, are you looking to diversify even more in the US, Asia, maybe India, a lot more than before? We are linked to indices. So when the value of a market increases, we typically park more money there. We now have more than 50% of our $1.7 trillion in the US. With India becoming more important, the value of our Indian investments has also gone up. We have roughly 1.8% of our fund now in India. With more than $30 billion invested in India-double of what we did five-eight years ago-both China and India exposure is not too dissimilar. Our portfolio is predominantly public markets but we have some fixed-income assets too. Our biggest holding in India is HDFC Bank, number 2 is Reliance.

Hindustan Unilever (HUL) posted a third consecutive quarter of disappointing performance this fiscal with 2% growth in revenues and flat volume growth. The net profit growth would have also been flat but for the profit from the divestment of the Pureit water-purifier business. The Ebitda margin dropped 20 bps to 23.5% under pressure from increased raw material costs. While urban demand continued to remain subdued, rural demand sustained its gradual recovery. Downtrading took place with small packs growing ahead of large packs. HUL's home care segment posted high single-digit volume growth, while the beauty and wellbeing segment posted a low-single-digit volume decline and the personal care and foods segments each posted a mid-single-digit volume decline.

Gold prices crossed the ₹80,000/10 gm mark for the first time Wednesday, data from the top industry body showed, underscoring renewed safe-haven demand for the metal from investors riled by anticipated uncertainty in the securities markets in the immediate aftermath of a seemingly disruptive Donald Trump presidency. A dollar retreat globally has also helped prices head north. The metal closed at ₹80,194 per 10 gms for 24-carat in the physical market, data from the India Bullion and Jewellers Association (IBJA) showed. A weakening dollar and bullion's enduring safe-haven allure with investors have helped prices harden, said IBJA and the bullion trade, although prospects of retail jewellery purchases through the remainder of the wedding season have become rather circumspect after the price increases.

Property developers are losing flavour on Dalal Street as risk-off sentiment in equities is prompting investors to cut exposure to these shares considered richly valued after the two-year rally. The Nifty Realty index, comprising 10 top shares in the sector, plunged 4.6% on Wednesday after dropping 4.1% the previous day. The Nifty 50 was up 0.6% at close on Wednesday.

Subscribe to enjoy similar stories. The Nifty and the Sensex experienced a rise, driven by HDFC Bank's solid third-quarter results, which uplifted market sentiment. However, the overall optimism was curbed by declines in energy, metal, and state-run bank stocks.

Subscribe to enjoy similar stories. A worrying trend is emerging for India Inc. as the third-quarter results trickle in.

Netflix has once again raised the cost of all of its membership plans, raising the price of its ad-supported basic plan to $7.99 a month from $6.99.

When Calls the Heart Season 12 continues to captivate its audience with its heartfelt narratives. Episode 4 of the show will be released on January 26, 2025 on Hallmark Channel.

Canada’s consumer price index rose 1.8 per cent in December from the year before, less than the 1.9 per cent increase expected by economists, giving the Bank of Canada a final data point before it meets Jan. 29 to announce its next interest rate decision.

Subscribe to enjoy similar stories. Finance minister Nirmala Sitharaman’s eighth union budget, set to be presented on 1 February, provides a critical opportunity to boost Indian economy's slowing consumption momentum through income tax cuts. There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low-income groups and, when adjusted for inflation, worsened the situation for high-income groups, a Mint analysis showed.

Chemical sector again has been undergoing a downturn for almost three years and we expect demand to start recovering. So, broadly, as far as the exporters are concerned, we should be okay," says Varun Goel, Mirae Asset Investment Managers. What do you make of the market set up right now? Is it time to buy after the correction, especially in the broader markets or do you anticipate more pain? Varun Goel: If you look at the markets, we have corrected roughly 10% to 15% from the top that we saw in the month of September. If you look at the time duration also, last year in January, February, markets were at similar levels. So, we spent a year trading sideways with a good 10-15% correction. If we look at FY26 valuations, if we look at 1200 rupees EPS for Nifty 50, we are trading at around 19 times, which is let us say 5-7% more expensive than what is the 10-year average.

«The only factor that has been impacting us has been the rising dollar or rising bond yields, which saw some pullback into the Trump inauguration,» says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts. We have seen, of course, India Vix rise sharply just ahead of the budget. The higher levels are getting sold into. Is it a very clear trend that it is going to be a lot more downwards versus in an upside movement for the market right now? Rohit Srivastava: One hope that we end up having every day because we have all become global watchers is that if US markets are going up, then our markets would also see some recovery. Now, that has sort of not been happening, not just recently, but I think since the top that we have made in October, we have sort of diverged from global markets altogether.

Bharat Dynamics Ltd (BDL) have recovered by 32% after they made a low of Rs 917 earlier in November 2024, falling from its peak of Rs 1,794.70 made in July 2024. After resuming a northward journey, the stock broke above its downward trendline and started making higher highs and higher lows, taking support on an upward-moving trendline.

Subscribe to enjoy similar stories. Nifty 50, India’s benchmark index, closed lower at 23,024.65 after a volatile trading session. The index opened at 23,421.65 but remained in the red for most of the day.

Subscribe to enjoy similar stories. It has been a week of unprecedented events that led to some sharp drawdown on the broader indices. As the trends began to slip, there was widespread chaos due to the complete lack of clarity.

online food delivery and quick-commerce platform operator Zomato tanked by over 10% on Tuesday after its consolidated net profit in the December quarter dropped 57% from a year ago. Swiggy shares also declined 8% with Zomato's disappointing earnings rubbing off on its smaller rival. Zomato has attributed the weaker numbers to the increased investments in accelerated new dark-store openings and customer acquisition efforts in the quick commerce (QC) business. Swiggy has not reported its October-December results yet.

Subscribe to enjoy similar stories. • Datamatics Global Services Ltd: Buy at ₹665 | Stop ₹648 | Target ₹705 IT sector is going through some profit booking scenario while some select names have been able to revive, and the recent rally witnessed some sharp sell-off, and the inability of the price to hold on in the recent reaction indicates that the trends are showing some signs of buying interest. With a potential for more upside one can consider going long.

Sebi) plans to introduce a trading window for soon-to-be-listed shares to curb unofficial grey market transactions between the closing day of the initial public offerings (IPOs) and the listing day, said chairperson Madhabi Puri Buch. Speaking at an event in Mumbai on Tuesday, Buch said, Sebi aims to create a structured and regulated platform for securities trading within a controlled framework, eliminating the need for informal market practices.