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₹3,105 per share by rolling forward RIL’s New Energy valuation to FY26E sales. It has a ‘Buy’ rating on the RIL shares. Reliance Industries has strategically invested in ten global technology innovators across New Energy verticals.

Anand Tandon, Independent Market Analyst, says “Even if you had assumed that before this fall there was only a 10% upside, now there is a 15% to 17% upside. So, there is no particular reason that one should not be looking to buy in now, especially if you have a bullish view. Of course, if you are sceptical about the market, that is a different point of view altogether, but I would still think that a bank like HDFC Bank should be part of your core portfolio and there is not much that you can do other than to trade off at the margin. What to do with HDFC Bank now with the weakness that the stock is seeing? Anand Tandon: We are looking at an issue where the deposit growth is slower than what the market was anticipating and more importantly, it means that the credit growth, which is actually doing quite well, has to be slowed down a bit. But on the other hand, the extra capital that they have had to keep is now peaked out and therefore they will start to come down. The fall that they had already predicted, which had been forecast by the management that the ROE will have to fall by at least 50 basis points, has already started to play out. So, while it may take a little while longer for it to go back to a sensible growth number, I would still argue that you will get a reasonable double-digit growth from HDFC Bank going forward and this kind of fall, we keep hearing there is a lot of money on the sideline.

earnings on Thursday along with 41 other companies. After HDFC Bank's results on Tuesday which left the Street unimpressed, investors will be keeping a close watch on the earnings of this fifth largest private bank. Among other important results that are likely to be tracked closely today include those of Indiamart InterMesh, Mastek, Metro Brands, Polycab, Home First Finance Company, Poonawalla Fincorp, South Indian Bank, Shoppers Stop and Tata Communications. On Wednesday, Asian Paints reported a 35% year-on-year (YoY) rise in consolidated net profit for the quarter ended December to Rs 1,448 crore. This was higher than the ETNow poll of Rs 1,353 crore. Consolidated revenue from operations grew by 5.4% YoY to Rs 9,103 crore but trailed estimates of Rs 9,356 crore. LTIMindtree was another Nifty company which reported a consolidated PAT of Rs 1,168.9 crore versus ET NOW poll of Rs 1,175 crore. The IT services company's net profit rose 17% YoY. The same stood at Rs 1,000 crore a year ago. Read More: IndusInd Bank Q3 result preview: Profit, NII to grow in double digits; asset quality stable

Sensex nosedived 1,628 points on Wednesday, marking its biggest single-day slide in more than one-and-a-half years following an intense sell-off in banking, metal and oil shares. The Nifty tanked 460 points to settle at 21,571. Stocks that were in focus included names like HDFC Bank, which fell 8.16%, TV18 Broadcast, which rose 7.58%, and SAIL, whose shares declined 5% on Wednesday. Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.

FTSE Russell will remove the partly paid rights shares of Grasim Industries from four of its major indices with effect from January 23, following the commencement of trading in its rights entitlement. On January 4, Grasim Industries announced raising Rs 4,000 crore through the rights issue of shares. Following the announcement, FTSE Russell temporarily added the partly paid rights line in its major indices from January 10.

MRF, which had hit the Rs 1 lakh share price mark in June last year, hit another milestone of Rs 1.5 lakh on Wednesday after a 10% rally. This is the first time that an Indian stock has achieved this milestone. In Wednesday's trade, MRF stock witnessed a total of 27,248 equity shares worth Rs 384.6 crore changing hands on NSE. Other than MRF's stock, Page Industries (Rs 37,770), Honeywell Automation India (Rs 37,219), 3M India (34,263) and Shree Cement (Rs 26,527) are other highest-priced stocks in India. Nestle was also one of the top expensive stocks in India until the stock split in the 1:10 ratio in early January.

WhatsApp's plan to allow users to customise app theme colours, adding to the slew of enhancements aimed at improving user experience. The text formatting tools introduced in this beta update offer Android users an extended range of options to elevate their messaging game. Among the new additions are code blocks, quote blocks, numbered lists, and bulleted lists. These enhancements complement the existing bold, italic, and strikethrough formatting choices.

Bajaj Finance with a Sell rating and a target price of ₹6,800 per share, implying a downside of 9% from Tuesday’s closing price. It expects Bajaj Finance’s yields to be under pressure in urban consumer financing business, which formed 37% of standalone Assets Under Management, 45% of interest earned and over 60% of core fee income in FY23.

Also Read: Medi Assist IPO last date of subscription: GMP falls, check review, issue details, key dates. Should you subscribe? Within minutes of opening on the second day of subscription, the retail portion of Medi Assist IPO was fully subscribed.

Nuvama Institutional Equities report. L&T Technology Services share price today opened at ₹5,325.05 and touched an intraday high of ₹5,535.60 and an intraday low of ₹5,325.05 apiece on BSE.

Also Read: HDFC Bank share price cracks 7% after Q3 results; what should investors do? After a sharp rally in the markets with Nifty 50 scaling above 22,100 in the previous session, investors likely opted to take some profit out of the table, analysts said. Meanwhile, concerns over stretched valuations in the midcap and smallcap space also triggered selling. “Domestically, even though the economy is doing well and corporate earnings are good, all these positives are in the price and the valuations are elevated warranting a correction.

₹2,000 crore. Allied Blenders and Distillers IPO consists of a fresh issue of equity shares aggregating up to 1,000 crore and an offer-for-sale (OFS) aggregating up to ₹500 crore, as per company's DRHP dated January 15.

₹397 to ₹418 per equity share of the face value of ₹5. On the first day, Medi Assist Healthcare Services IPO got off to a slow start and was booked at 54%, but on the second day, within a few minutes of opening, the retail portion got fully booked, and towards the end of the day 2, the issue was 1.20 times.

If you are (or you work with) a commodities trader in Singapore, you might want to consider joining a commodities trading house instead of a bank.

Brexit was a crossroads moment for the financial services industry in London (and Britain generally), but some of the loudest lamentations about its impact might be heard from the London banking community.

If you thought this year's Deutsche Bank bonuses might be strong, then think again. Speaking today at Davos, Deutsche Bank CFO James Von Moltke intimated that bonuses might not be brilliant for 2023 after a «difficult year.» Deutsche Bank's bonuses will «reflect performance,» added Von Moltke. 

Market highlights: Sensex sheds 200 pts, Nifty near 22,050 at close; IT, realty down Even though analysts have been warning about uncertainty on interest rate trajectory due to inflation being higher than central banks' targets, the market is already considering the possibility of rate cuts this year. Some analysts suggest that if rate cuts happen, they might not be significant but rather modest. The domestic market spent most of the day in negative territory on Tuesday, but it experienced a brief upswing during the session, propelling the benchmarks to achieve new record highs.

The 30-share BSE benchmark Sensex declined 199 points or 0.27% to settle at 73,129.

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Federal Bank on Tuesday reported its highest-ever standalone net profit at Rs 1,007 crore for the quarter ended December, up 25% from Rs 804 crore reported by the private lender in the year-ago period. Sequentially it was up 5.5% versus Rs 954 crore reported in Q2FY24. The private lender also reported its highest-ever net interest income (NII) at Rs 2,123 crore.

Also Read: Medi Assist Healthcare Services IPO: Issue subscribed 54% on day 1; GMP sharply drops On day 1, Medi Assist Healthcare Services IPO's retail investors portion was subscribed 89%, Non Institutional Investors (NII) portion was subscribed 45%, and Qualified Institutional Buyers (QIB) portion is yet to be booked. Medi Assist Healthcare Services IPO raised ₹351.47 crore on Friday, January 12, allotting 84,08,449 equity shares to 35 anchor investors.