UPS Financial News

The NSE Nifty index traded 119.21 points up at 23322.4, while BSE Sensex was 488.35 points at 77107.68 as of 11:27AM(IST)on January 20.

Shares of Vodafone Idea surged 10% in early trade on an ET report that the government is considering a proposal to waive 50% of interest and 100% of penalties and interest on penalties that make up a bulk of the adjusted gross revenue (AGR) dues that were levied on telcos after the 2019 Supreme Court order. The Vodafone Idea stock opened at the upper circuit of Rs10.03 and was locked at that level in early trade on the Bombay Stock Exchange Monday.

Bank of Baroda traded at Rs 230.70 on BSE at 10:30AM (IST) on Monday, 1.18 per cent from previous close. The stock quoted a 52-week low price of Rs 216.10 and a high of Rs 298.45.

Reliance Naval & Engg(up 277.80%) and Ind-Agiv Comm(up 49.92%) were among the stocks that surged over 15%.

Subscribe to enjoy similar stories. President-elect Donald Trump’s reasons for wanting control of the Panama Canal can be found at either end of the interoceanic waterway. Every day, dozens of cargo ships pass by blue cranes at a port near the Pacific Ocean entrance, the towering skyline of Panama City visible across the horizon.

RBL Bank’s net profit plunged 86% year-on-year (YoY) to Rs 33 crore in the December quarter, down from Rs 233 crore in the same period last year, mainly due to issues in its microloan portfolio. The private sector bank, which has faced challenging quarters because of higher credit costs, reported a net profit of Rs 231 crore in the September quarter.

IITian Baba,’ Abhey Singh, a former aerospace engineer from IIT Bombay who turned to spirituality and became a well-known figure at Prayagraj’s Maha Kumbh Mela, has reportedly been expelled from the Juna Akhara.

Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings. Agarwal also says Indian markets have experienced significant gains, and we are beginning to observe a phase of consolidation. He anticipates that capital expenditure will start to increase, and the Indian economy to perform well, leading to a resurgence in earnings growth. All the action seems to be happening in the US right now and it is really the dollar which is pulling the reins for emerging markets also? Rajeev Agarwal: Trump inauguration is next week and it will be interesting to see how the policy measures that everybody has been talking about start showing up. In fact, Trump is talking about a weaker dollar. The fact that the dollar is running up and yet Trump is trying to encourage more exports out of the US, it will be interesting to see whether Trump policies impact the dollar strength that we have been seeing for the last few months.

Subscribe to enjoy similar stories. THE MOST jarring difference between Donald Trump’s first and second inaugurations will be the setting. Eight years ago he spoke in front of the Capitol building on a relatively mild January day, but frigid temperatures have pushed the ceremony inside for the first time in 40 years.

₹314 crore from anchor investors. The price range for the issue is set between ₹407 and ₹428 per share.

Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers, says one can start nibbling in this sector. But one has to be cautious of auto ancillaries that are exposed to the global auto sectors as there is a lot of glut there. But from the domestic side, tractors and CV players, especially CV financiers, are in a better position in this market. Also, midcap IT companies which support defence industries, are looking pretty good. Hiring is picking up. So, the outlook of some of the hiring companies dealing with IT manpower has also brightened. Let’s look at the rural consumption/ recovery story. Is FMCG staples something that you will be looking out for? In the auto space, can somebody look at the tractor space as well as of late a few of the fund managers and investors are flagging off this space as attractive. Jitendra Gohil: In terms of rural recovery, the tractor segment looks decently positioned. The kharif output is also expected to be around 4% up. Rural recovery probably is a good play and if I look at the auto sector, we have been negative and underweight on this sector. But now looking at the correction that has happened, generally the March quarter is good for four-wheelers and even for CV cycle as due to the depreciation benefit that they get, the March quarter should be very strong for auto companies.

Wipro shares will remain in focus after the IT services company reported 24% growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 3,354 crore, while revenue from operations rose by a marginal 0.5% to Rs 22,319 crore. On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.1%.

Subscribe to enjoy similar stories. The government’s decision to set up the 8th Pay Commission for salary revision is hard to reconcile with its oft-vocalized stance in favour of fiscal prudence. Agreed, the period of the 7th Pay Commission, which came into effect in 2016, will end in 2026.

Subscribe to enjoy similar stories. President-elect Donald Trump pledged during a rollicking rally in the nation’s capital to enact far-reaching change in his second term, promising to oversee mass deportations, challenge progressive culture and slash government spending. “Starting tomorrow, I will act with historic speed and strength and fix every single crisis facing our country," Trump said.

Subscribe to enjoy similar stories. Escorts: Buy at ₹3,600; target: ₹3,675-3,705; stop loss: ₹3,535. The stock has maintained strong momentum over the past five days and managed to close near the key level of ₹3,590.

Sebi intervened to keep smaller investors from speculating recklessly. However, another binge, playing out concurrently, seems to be flying below the regulator’s radar.

Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. Shares in Australia, Japan and South Korea gained. A gauge of US-listed Chinese shares jumped 3.2% Friday as Trump described the talk between the two leaders as “very good.” US futures were slightly lower in Asian trading with Wall Street closed on Monday due to a holiday.

interest rate cut to lower your EMI burden. Months pass and the rate cut finally happens, but the price tag of the property has gone up.

Subscribe to enjoy similar stories. The week started with some apprehension but the strong resurgence by the bulls surprised the bearish camp. The sharp upward traction for the entire last week signalled a bullish intent.

Subscribe to enjoy similar stories. Bengaluru: Shorter deal tenures, more frequent renewals—that is the scenario India’s top software services companies are likely to face going forward. Independent experts said the shorter tenures are a result of economic uncertainty in advanced markets and the fast-changing nature of modern technologies, and could pose challenges to the IT services companies.

Subscribe to enjoy similar stories. A federal policy to encourage battery swapping for electric vehicles may go on the backburner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation. Swapping drained batteries for new ones is seen as an idea to encourage the adoption of electric vehicles, since batteries take much longer to charge than filling up at a fuel station.