HImFasHIon: 2023-01-08

Saturday 14 January 2023

Mcap of 7 of top 10 most-valued firms jumps Rs 1 trn; TCS, Infosys sparkle

The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,07,224.82 crore last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest gainers. Last week, the 30-share BSE Sensex climbed 360.81 points or 0.60 per cent. While TCS, HDFC Bank, Infosys, Hindustan Unilever, ICICI Bank, HDFC and Life Insurance Corporation of India (LIC) were the gainers, Reliance Industries Limited, State Bank of India and Bharti Airtel faced erosion from their market valuation. The valuation of TCS rallied Rs 59,349.81 crore to Rs 12,34,637.11 crore, the most among the top-10 firms. The market capitalisation (mcap) of Infosys jumped Rs 22,997.16 crore to Rs 6,32,684.95 crore. Infosys had on Thursday reported a better-than-expected 13.4 per cent rise in profit for the December quarter and raised its annual sales forecast on a strong deal pipeline even as it warned of "constraints" in certain verticals amid slowing global economy. Meanwhile, Hind

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Friday 13 January 2023

Gold, silver prices rise; yellow metal selling at Rs 51,600 per 10 grams

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold was selling at Rs 51,600 and Rs 56,290, respectively

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Cryptos are nothing but gambling, their value only make-believe: RBI Guv

On the CBDC being piloted now, he said central banks issued digital currencies are the future of money and its adoption can help save on logistic and printing costs

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Thursday 12 January 2023

L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T

LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of slump sale for Rs 800 crore.

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Gold, silver prices rise; yellow metal selling at Rs 56,070 per 10 grams

Silver price rose by Rs 400 per kilogram from yesterday's close; the precious metal was selling at Rs 71,900 per kg

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F&O Call: Nandish Shah recommends Bull Spread strategy on UltraTech Cement

The derivative analyst from HDFC Securities suggests to BUY 7,200 Call for January 25 expiry of UltraTech Cement, and simultaneously SELL 7,400 Call of the same series.

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Nifty consolidating in the range of 17,775 - 18,265, says Ravi Nathani

According to the technical analyst, a big move on the Nifty is likely once the trading range is dismissed.

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MARKET LIVE: SGX Nifty signals flat start; Infosys, HCL Tech in focus

Stock market LIVE updates: Mixed trade in Asia, coupled with a bump in crude oil prices, may keep gains in check on the bourses today

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Stocks to Watch: Infosys, HCL Tech, Wipro, Shriram Finance, M&M, Just Dial

Stocks to Watch: IT shares are likely to be in focus after Infosys and HCL Technologies reported stronger than expected Q3 results; and Wipro scheduled to report earnings on Friday.

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Govt to mandate jewellery hallmark standards in 43 more districts

The standards authority has also increased the number of referral labs from 4 to 7 in FY23

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India's Dec gold imports plunge 79%; fall by over a third in 2022: Report

The drop in imports could help in bringing down India's trade deficit and support the rupee

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Wednesday 11 January 2023

Sah Polymers debuts on strong note; lists at 31% premium to issue price

Post listing, the stock hit a high of Rs 89.25, up 37 per cent when compared with its issue price of Rs 65 per share.

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CARE Ratings surges 7%, hits 52-week high in subdued market

In past one month, the stock has outperformed the market by surging 20 per cent, as compared to 3 per cent decline in the Sensex.

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Gold, silver prices fall, yellow metal selling at Rs 55,960 in early trade

The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,300

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Here's why Ravi Nathani is optimistic on the financial sector

According to the technical analyst, the Nifty Private Bank, PSU Bank and Financial Services indices may extend the pullback in the near term.

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Stocks to Watch: Infy, HCL Tech, Sah Polymers, Concor, IIFL Wealth, RailTel

Stocks to Watch: Infosys and HCL Technologies to announce Q3 results; Sah Polymers to debut on Thursday.

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Tuesday 10 January 2023

Transformers and Rectifiers India surges 10% on healthy growth outlook

In past one week, the stock has outperformed the market by surging 25 per cent, as compared to 1.8 per cent decline in the S&P BSE Sensex.

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Jindal Steel & Power up 2%, hits over 10-month high in a choppy market

Monnet Power Assets, once operational, will provide an opportunity for the company to improve the heat rate, resulting in lower usage of coal in the power plant, said ICICI Securities in its report.

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Gold prices fall, yellow metal sells at Rs 56,130; silver remains unchanged

The price of 22-carat gold fell Rs 150 from yesterday's close to Rs 51,450

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Charts suggest 41,569 as trend changing level on Bank Nifty: Ravi Nathani

According to the technical analyst, the if the Bank Nifty fails to hold 41,569 the trend may bearish in the short term.

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Stocks to Watch: Adani Wilmar, CPSEs, Sigachi, Bank of Baroda, PC Jeweller

Stocks to Watch: GNFC and Indiabulls Housing Finance are the only stocks in F&O ban period on Wednesday.

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SIP of Indian mutual funds gathered Rs 13,573 crore from investors: Amfi

Last month's SIP contribution was much higher than Rs 11,305.34 crore that was invested in December 2021

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Monday 9 January 2023

Schneider Electric soars 14%, hits over 7-year high on positive outlook

In past 12 trading sessions, the stock has zoomed 44 per cent and now quotes at its highest level since August 2015.

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Tata Motors rallies 6% as JLR wholesales jump 15% YoY in December quarter

On a preliminary basis, free cash flow is likely to be over £400 million positive in the December quarter, JLR said.

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Gold prices rise by Rs 330, selling at Rs 56,290; silver unchanged

22-carat gold was selling at Rs 51,600 per 10 grams

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MARKET LIVE: Global cues to guide indices; TCS, Tata Motors in focus

Stock market LIVE updates: Tata Consultancy Services (TCS) reported a strong Q3 performance. The net profit rose 11 per cent YoY to Rs 10,846 crore

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Stocks to Watch: TCS, SBI, Tata Motors, LIC, Paytm, IDBI Bank, ONGC, PVR

Stocks to Watch: TCS reported 11 per cent YoY growth in Q3 net, while revenue beat analyst expectations at Rs 58,229 crore.

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