Week Financial News

₹331 whereas IPO of Medi Assist Healthcare Services Limited got subscribed by 16.25 times. -IPRU MF, SBIMF, WOC AMC, Motilal Oswal AMC and Groww AMC have launched the NFOs for IPRU Nifty50 Value 20 Index Fund, SBI Nifty50 Equal Weight Index Fund, WOC Banking & Financial Services Fund, WOC Pharma & Healthcare Growth Fund, Motilal Oswal Large Cap Growth Fund and Groww Banking & Financial Services Growth Fund.

HFCL (Himachal Futuristic Communications Limited), a company with diverse operations in telecom infrastructure, saw its shares jump 8.52% in today's early trade, touching a new 52-week high of ₹96.10 apiece following the company's announcement of a strong order win. On Friday, the company said it secured an order worth ₹623 crore for the supply of indigenously manufactured Telecom Networking Equipment for the 5G network of one of the domestic telecom service provider.

Read more here Reliance Industries Limited reported a 10.9% increase in its net profit to ₹19,641 crore in the third quarter of FY 23-24. The company's total revenue from operations stood at ₹2,27,970 crore during the quarter under review. The robust performance of the oil and gas segments was one of the major highlights of the quarterly results of Mukesh Ambani's firm.

Airtel, Jio square off against Elon Musk in India's satellite broadband race "Starlink replied to the Department for Promotion of Industry & Internal Trade, and in next few days or by the end of this month, the Department of Telecommunications (DoT) may issue a Letter of Intent (LoI) to Starlink," ET Telecom quoted a source as saying. Meanwhile, a Moneycontrol report, citing sources, noted that the Department of Telecommunications (DoT) could issue a letter of intent (LoI) to Starlink as early as Wednesday.

worst single-day drops in months. The crash was led by HDFC Bank, who has the most weightage in both indices. He also wrote about the bearish stance taken by foreign portfolio investors (FPIs) — a move that is certain to cause more volatility this month.

PCBL (formerly Phillips Carbon Black), a leading manufacturer of carbon black, have been on a strong upward trend since April 2020, rewarding their shareholders handsomely. Over this period, the shares have surged from ₹32 apiece to the current price of ₹310, delivering an impressive return of nearly 700%. In CY23, the company's shares witnessed a notable gain of 94%, attributed to the robust performance of the core carbon black business and the strategic entry into the high-growth specialty chemical sector.

Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals. Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.

Kabir Malik fights the terrorist Zarar. Genre: Action/Thriller Cast: Sidharth Malhotra, Shilpa Shetty Kundra, Vivek Anand Oberoi.

Stock market today: Infosys shares have been in uptrend after the announcement of Q3 results 2024 on 11th January 2024. Extending its bull trend for yet another session during Friday morning deals, Infosys share price today opened upside and went on to touch an intraday high of ₹1,665.50 per share on the NSE, which turned out its new 52-week high.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies. Oil prices were on edge amid worries about increasing geopolitical risks in the Middle East. The U.S. launched new strikes against Houthi anti-ship missiles aimed at the Red Sea on Thursday, and Pakistan conducted strikes inside Iran, two days after Iranian strikes inside Pakistani territory. MSCI's broadest index of Asia-Pacific shares outside Japan rallied 0.9% on Friday, but was still down 2.9% for the week, the biggest weekly loss since mid-August. Taipei-listed shares of Taiwan Semiconductor Manufacturing (TSMC) surged 5.0% after the chipmaking giant projected 2024 revenue growth of more than 20%.

Issey Miyake’s fall-winter collection has transformed the runway in Paris’ Palais de Tokyo into a visual feast, fusing art and fashion at Paris Fashion Week

Wall Street is holding steadier as yields stabilize in the bond market following a jump earlier in the week

₹145.60 apiece on the BSE. Similarly, shares of Hindustan Petroleum Corporation Limited (HPCL) surged significantly and were locked at five per cent upper circuit to hit a 52-week high mark of ₹461.80 apiece on the BSE. Also Read: ‘Oil markets well supplied’, says IEA as it raises 2024 global demand forecast; projects lower than OPEC Additionally, shares of Bharat Petroleum Corporation Limited (BPCL) rose around three per cent to hit an intraday high of ₹480.75 against a 52-week high of ₹482.05 apiece on the BSE.

Future of Investment Festival

Investing.com — U.S. crude stockpiles unexpectedly increased last week, the API reported Wednesday, at a time when concerns about demand continue to rise following weaker growth from China.   

PTC Industries Share Price: Shares of PTC Industries were locked at over 11 per cent upper circuit to hit its fresh 52-week high mark of ₹7,663.25 apiece on the BSE after its subsidiary signed a new supply deal with France-based Dassault Aviation on Wednesday, January 17. The company's wholly-owned subsidiary Aerolloy Technologies signed a long term purchase agreement with Dassault Aviation for supply of full range of titanium cast parts made in India for the Rafale multirole fighter aircraft.

Blue Star share price gained 1.7% in intraday trades on Wednesday and closed with gains of almost 1%. Voltas share price also ended the day with gains of 0.16% on the BSEon a day when benchmark indices were down more than 2%.

Commodity Trading Advisors (CTAs) have accumulated long positions in global equities, with models indicating potential sales in various scenarios, according to analysts at Goldman Sachs.

₹1,570 apiece. The downward trend persisted, reaching an intraday low of ₹1,560 (-7%). Given HDFC Bank's substantial 14% weightage in the Nifty 50, its performance significantly impacted the index during today's trade.

Crypto exchange Coinbase risks losing one-third of its total revenue due to ongoing legal pressure from federal regulators, according to several analysts familiar with the matter.

Newgen Software Share Price: Shares of IT software firm Newgen Software Technologies Ltd were locked at over five per cent upper circuit to hit its fresh 52-week high mark of ₹898.60 on the BSE, after announcing its October-December quarter results for fiscal 2023-24 (Q3FY24) earlier today. Newgen Software Technologies' net profit rose 44 per cent in the December quarter at ₹68.3 crore, compared to ₹47.3 crore in the year-ago period. The software company's revenue from operations in the third quarter of current fiscal stood at ₹324 crore, registering a growth of 27 per cent, compared to ₹255 crore in the corresponding period last year.