Week Financial News

Investing.com — Retail sales data and bank earnings will be the highlight of a holiday shortened week as markets await more insights on the health of U.S. consumers. Global leaders gather in Davos, China is to release full year GDP figures and oil prices look set to remain volatile. Here’s what you need to know to start your week.

winter school breaks for classes up to 8th until January 20, 2024, reported ToI. «In view of the prevailing inclement weather conditions and to avoid the exposure of children to this extreme cold weather; there will be no classes in physical mode up to Class VIII in any Government, Government-Aided and Recognised Private Schools of UT Chandigarh till the 20th of January 2024.

PTI. In addition to this, Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. "The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results.

Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15 Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, Brightcom Group, Reliance Industrial Infrastructure, Nelco, Suraj Estate Developers, Digicontent, Golkunda Diamonds & Jewellery, Emerald Finance, Excel Realty N Infra, Virtual Global Education. January 16 HDFC Bank, ICICI Lombard General Insurance Company, L&T Technology Services, Federal Bank, Bank of Maharashtra, ICICI Securities, Himadri Speciality Chemical, Jindal Saw, Network18 Media & Investments, Newgen Software Technologies, TV18 Broadcast, C.E.

While the overall trajectory for markets remains positive in the coming week, there are several factors that will decide the sustainability of gains. “The Q3FY24 earnings season will be the biggest factor in driving the market movement,” said Arvinder Singh Nanda, senior vice president, Master Capital Services. Some of the major companies like HDFC Bank and Reliance Industries are scheduled to release their earnings in the week ahead. Besides earnings, global markets, corporate actions, and fund flows will also decide the course of action for Dalal Street.

BSE benchmark jumped 542.3 points or 0.75 per cent, and the Nifty 50 climbed 183.75 points or 0.84 per cent. Nifty 50 is now just 100 points away from crossing another milestone of 22,000. The IT index jumped 5.14 per cent, logging its best session since October 8, 2020, to hit a 21-month high.

Dividend Stocks: Shares of some companies, including Tata Consultancy Services (TCS), HCL Technologies and few others will others will trade ex-dividend in the coming week, starting from Monday, January 15. Some other companies will also trade ex-bonus, 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.

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11

Jan. 5-11, 2024

Medi Assist Healthcare IPO: The initial public offering (IPO) of Medi Assist Healthcare Limited is going to hit the Indian primary market on 15th January 2024 i.e. on Monday next week. The public issue will remain open for bidders till 17th January 2024.

Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. Read more The 10th Vibrant Gujarat Global Summit, which commenced on January 10, witnessed a flurry of investment pledges and announcements across various sectors. Tata Group, led by Chairman N Chandrasekaran, disclosed plans to establish a significant semiconductor fabrication unit in Gujarat's Dholera, with operations slated to begin in 2024.

BSE) are going to conduct the special live trading session in the equity F&O segment on 20th January 2024 i.e. on Saturday next week. The BSE and NSE aim to switch to the DR site through this special live session.

struggling group. The energy sector has slumped nearly 3% since late October, a period during which the S&P 500 has surged 16%. The benchmark index rose 24% for all of 2023, while energy fell 4.8%, the second-largest drop last year among S&P 500 sectors. The sector's struggles have continued even as other economically sensitive groups such as banks and small-cap stocks have benefited from investors' growing belief that the economy will be able to navigate a «soft landing» where growth remains stable while inflation subsides. One key reason for the sector's underperformance has been a sharp downturn in oil prices.

Mint Banking and Financial Services and Insurance (BFSI) Summit and Awards. The event saw top business leaders across the BFSI spheres congregate in Mumbai. Shaktikanta Das, the governor of the Reserve Bank of India, delivered the keynote address.

Nifty on Friday ended 247 points higher to decisively break out of the 21,500-21,850 range on the upside. As long as the index is trading above 21,750, the breakout texture is likely to continue. Above the same, the market could move up till 22,100-22,200. On the flip side, below 21,750 traders may prefer to exit from the trading long positions. Below which, the index could retest the level of 21,650-21,575, said Amol Athawale of Kotak Securities. Momentum indicator RSI has also provided a buy crossover, further confirming the bullish sentiment in the market. What should traders do? Here’s what analysts said: Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities Nifty exhibited significant strength, securing a notable breakout on the daily chart as it surpassed the key resistance level of 21,800. This bullish move positions the index for potential short-term targets of 22,000 and 22,200. Traders are advised to consider buying opportunities on any dips toward the support level.

Benchmark NSE Nifty closed 247.35 points up at 21894.55 amid buying in frontline bluechip counters. However, stocks such as M K Proteins, Digidrive Distributo, Stampede Cap(DVR), Raj Rayon and Happy Forgings, touched their fresh 52-week lows.

₹129.90 apiece. The stock commenced its upward momentum in the preceding trading session, surging over 2.50%, following the release of the bank's Q3FY24 business update on January 10. In the current month so far, the shares are up 14.5% The public sector lender reported impressive figures for the December quarter, with its total business improving 9.90% YoY to ₹12,76,389 crore as compared to ₹11,61,441 crore in the same period of last year.

₹1.15 crore on Day 22, as per Sacnilk.com. As per the report, the movie has crossed ₹221.77 crore net in the domestic market so far. The film on its 22nd day witnessed an occupancy of 10.72 percent in the Hindi language with morning shows saw 7.52 occupancy, afternoon shows at 9.41 percent, evening shows at 11.24 percent, and night shows at 13.21 percent occupancy, as per Sacnilk.com report.

Red Sea crisis on India's trade and thrash out a strategy to minimise impact. Officials are looking at the possibility of diverting some inventories to Australia and other countries to minimise this impact.

DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money.

If your portfolio hasn’t been on fire lately, it’s time to check out the latest sizzling updates in the crypto world. We’re witnessing an impressive 25% surge in Celestia’s ($TIA) price, the best upcoming ICO Galaxy Fox smashing the $2.5 million milestone in its presale, and the Solana bulls charging ahead with monumental on-chain transactions. Let’s take a closer look at these developments.