Outcomes on January 20: ICICI Financial institution, Kotak Mahindra Financial institution, Union Financial institution of India, IDBI Financial institution, IDFC First Financial institution, Indian Renewable Power Growth Company, Persistent Techniques, Aarti Surfactants, Can Fin Properties, Jammu & Kashmir Financial institution, JK Cement, LKP Securities, Rossari Biotech, Seshasayee Paper & Boards, Sportking India, Tatva Chintan Pharma Chem, and Waaree Renewable Applied sciences will likely be in focus forward of quarterly earnings on January 20.
The benchmark Sensex and Nifty indices are more likely to open with marginal beneficial properties on the again of constructive international cues. The indices broke their three-day shedding streak and ended on a constructive notice on with shopping for seen throughout the sectors on January 19.
On the shut, the Sensex was up 496.37 factors or 0.70 p.c at 71,683.23, and the Nifty was up 160.10 factors or 0.75 p.c at 21,622.40.
The pivot level calculator signifies that the Nifty is more likely to take fast help at 21,586, adopted by 21,564, and 21,527 ranges, whereas on the upper facet, it might see fast resistance at 21,631, adopted by 21,682 and 21,718 ranges.
Keep tuned to Moneycontrol to search out out what occurs within the foreign money and fairness markets at present. We’ve collated an inventory of necessary headlines throughout information platforms, which might affect Indian in addition to worldwide markets.
US Markets
Tech shares helped energy the S&P 500 to its first report excessive shut in two years on Friday to verify a bull market, whereas European shares registered weekly declines amid fading expectations for central financial institution rate of interest cuts.
The Dow Jones Industrial Common rose 394.99 factors, or 1.05 p.c, to 37,863.6, the S&P 500 gained 58.86 factors, or 1.23 p.c, to 4,839.8 and the Nasdaq Composite added 255.32 factors, or 1.7 p.c, to fifteen,310.97.
Zee says unaware of board assembly held by Sony, reiterates dedication to merger
Story continues under Commercial
Zee Leisure on January 19 stated that the corporate isn’t conscious of, and can’t touch upon, any board assembly held or proposed to be held by Culver Max Leisure Personal Restricted (previously Sony Footage Networks India Personal Restricted), on condition that these are inner issues of Sony.
In an alternate submitting, the media firm additional stated that it’s dedicated to the merger with Sony and is constant to work in the direction of a profitable closure of the proposed merger and is participating in good religion negotiations with Sony with a view to debate the extension of the date required to make the (merger) scheme efficient, by an inexpensive time frame.
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Reliance Industries posts 10.9% rise in Q3 revenue; EBITDA up 16.7%
Reliance Industries Ltd (RIL) beat analysts’ estimates to report a ten.9 p.c improve in web revenue from a 12 months earlier to Rs 19,641 crore for the fiscal third quarter.
Consolidated earnings earlier than curiosity, taxes, depreciation, and amortisation (EBITDA) rose 16.7 p.c to Rs 44,678 crore from a 12 months earlier, with progress throughout all key working companies.
Gross income from operations of India’s most precious firm rose 3.2 p.c to Rs 2.48 lakh crore within the December quarter from Rs 2.41 lakh crore within the year-ago interval.
HUL Q3 web revenue flat at Rs 2,519 crore, income falls marginally, misses estimates
Hindustan Unilever Restricted (HUL) on January 19 reported a standalone web revenue of Rs 2,519 crore for the December quarter of FY24, registering a rise of simply 0.55 p.c from Rs 2,505 crore in the identical quarter of the earlier monetary 12 months.
The web revenue got here under Road estimates. In accordance with a ballot of six brokerages, HUL’s Q3 web revenue was more likely to be at Rs 2,678 crore.
Additional, the corporate reported a 7.28 p.c fall in revenue sequentially from Rs 2717 crore within the earlier quarter. The overall income of the corporate is Rs 14,928 crore, falling 0.38 p.c from Rs 14,986 crore within the year-ago quarter, the FMCG main stated in a regulatory submitting. It reported 0.6 p.c fall in income sequentially from Rs 15,027 crore within the earlier quarter.
Paytm Q3 income rises 38%, losses slender to Rs 222 crore
One97 Communications, the mother or father firm of fintech main Paytm, on January 19, reported a consolidated income of Rs 2850 crore, up 38 p.c for the third quarter that ended December 2023, as in opposition to a income of Rs 2062 crore within the corresponding quarter final 12 months, primarily on account of the expansion led by the festive season.
The agency’s losses narrowed to Rs 222 crore, in comparison with Rs 392 crore reported within the final monetary 12 months.
In comparison with the earlier quarter, the income was up by 13 p.c from Rs 2518.6 crore whereas the loss narrowed by 23 p.c.
Greenback
The US greenback edged decrease on Friday, pausing after 5 straight periods of beneficial properties however nonetheless poised for a weekly climb, as latest financial knowledge and feedback from Federal Reserve officers dampened expectations of fast cuts in rates of interest.
The greenback index, which tracks the buck in opposition to a basket of six currencies, was down 0.08 p.c at 103.26, on tempo to snap a five-session win streak, however was up 0.8 p.c on the week.
Oil Costs
Oil costs settled barely decrease on Friday however recorded a weekly acquire as Center East tensions and disruptions to grease output offset considerations in regards to the Chinese language and international economies.
Brent futures settled 54 cents decrease at $78.56 a barrel. U.S. West Texas Intermediate crude fell 67 cents to settle at $73.41.
For the week, Brent gained about 0.5 p.c, whereas the US benchmark rose over 1 p.c.
Gold Costs
Gold firmed on Friday however was poised to report its greatest weekly decline in six, as feedback from Federal Reserve policymakers by the week lowered expectations of an early price lower.
Spot gold rose 0.2 p.c to $2,027.49 per ounce by 2:02pm ET (1902 GMT), however was down 1 p.c up to now within the week.
FII and DII knowledge
Overseas institutional traders (FIIs) bought shares value Rs 3,689.68 crore, whereas home institutional traders (DIIs) purchased Rs 2,638.46 crore value of shares on January 19, provisional knowledge from the NSE confirmed.
Inventory below F&O ban on NSE
A complete of 11 shares are within the F&O ban checklist for January 20. The NSE has added Oracle Monetary Companies Software program, and RBL Financial institution to the stated checklist whereas retaining Aditya Birla Style & Retail, Balrampur Chini Mills, Delta Corp, Hindustan Copper, Indian Power Alternate, Nationwide Aluminium Firm, Polycab India, SAIL and Zee Leisure Enterprises to the stated checklist. Ashok Leyland, Bandhan Financial institution, Metropolis Healthcare, and PVR INOX had been faraway from the stated checklist.
With inputs from Reuters and different businesses
