Four of top-10 firms add Rs 82,481 cr in mcap; HDFC Bank, Adani Total shine

Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers. While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation of India (LIC) faced erosion from their market valuation. Last week, the 30-share BSE benchmark Sensex climbed 360.59 points or 0.59 per cent. The valuation of HDFC Bank rallied Rs 33,432.65 crore to Rs 9,26,187.54 crore, the most among the top-10 firms. Adani Total Gas, the new entrant to the coveted list, added Rs 22,667.1 crore, taking its market valuation to Rs 4,30,933.09 crore. HDFC's valuation jumped Rs 17,144.18 crore to Rs 4,96,067.07 crore and that of Infosys climbed Rs 9,236.74 crore to Rs 6,41,921.69 crore. However, the market capitalisation (mcap) of Hindustan Unilever tumbled Rs 17,246 crore to Rs 5,98,758.09 crore. The valua

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Gold, silver prices rise in early trade; yellow metal selling at Rs 52,350

In Mumbai, Kolkata, and Hyderabad, 10 gram of 24-carat and 22-carat gold is selling at Rs 57,110 and Rs 52,350, respectively

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Layoff season continues: Wipro fires 452 freshers on performance grounds

Wipro's attrition rate declined to 21.2 percent on a year-on-year basis in Q3FY23

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Hindustan Zinc to acquire Vedanta's international zinc biz; stock slides 9%

The company's board approved the acquisition of Zinc International business for a cash consideration not exceeding $ 2,981 million

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Gold price unchanged in early trade; selling at Rs 56,730 per 10 grams

Silver prices fell Rs 300 from yesterday's close, the precious metal is selling at Rs 71,900 per kg

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Hindustan Unilever slips 4% as royalty payout hike raises margin concerns

As per the new agreement, HUL's royalty and central services fees would increase from 2.65 per cent of turnover in FY22 to 3.45 per cent

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

The derivative analyst from HDFC Securities recommends to Buy IOC 83 Call and simultaneously SEll 85 Call of the January expiry.

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MARKET LIVE: SGX Nifty hints firm open amid mixed global cues; RIL Q3 eyed

Stock market live updates: As of 8:12 am, the SGX Nifty quoted around 18,136 levels, up 23-odd points

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Jubilant Foodworks plans to invest Rs 900 crore in India in 12-18 months

Out of the total CAPEX, Rs 500 crore to Rs 600 crore will be funded towards stores

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Crypto collapse brings focus to digital assets' true value: Raghuram Rajan

'The idea that somehow cryptos are going to maintain value, while the fiat currencies collapse. That's nonsense'

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Gold, silver prices remain unchanged; yellow metal trades at Rs 56,950

22-carat gold continued trading at yesterday's close of Rs 52,000

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Bias for Nifty has turned bullish, look to buy on dips: Ravi Nathani

According to the technical analyst, the near-term trend for the Nifty has turned from rangebound to bullish as the index broke and closed above a previously identified resistance level on the charts.

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Bullish trends dominant in run up month to Union Budget, shows report

With the Union Budget for 2023-24 just days away, there are chances that there could be volatility in the BSE benchmark, due to expectations of US Federal Reserve hiking rates

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FTX assets: Lawyers located billions in cash and crypto located

In just three years, FTX, founded by Sam Bankman-Fried, had swiftly put money into a hodgepodge of assets

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Adani Enterprises underperforms in run-up to FPO; slips 14% in last 1 month

Adani Enterprises is planning to launch its Rs 20,000-crore follow-on public offer (FPO) before the Union Budget on February 1

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Gold prices remain unchanged at Rs 56,950 per 10 g, silver falls by Rs 600

22-carat gold continued trading at yesterday's close at Rs 52,200

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Bank Nifty likely to consolidate in the near-term, says Ravi Nathani

According to the technical analyst, Bank Nifty's break out from within the range of 41,725 to 42,725, would indicate a trend change in the charts

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Stocks to Watch: ITC, IndusInd Bk, Adani Transmission, Tata Metaliks, RVNL

Stocks to watch today: Tata Metaliks reported a sharp fall of 73 per cent in its December quarter net profit at Rs 9.48 crore, on account of increased expenses

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Cryptoverse: Bitcoin on the charge in 2023, clocks a 26% gain in January

Bitcoin is on the charge in 2023, dragging the crypto market off the floor and electrifying bonk, a new meme coin. The No.1 cryptocurrency has clocked a 26% gain in January

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ICICI Prudential Life Insurance net profit drops 29% YoY in Dec quarter

Its value of new business (VNB) increased 20 per cent YoY to Rs 618 crore in Q3FY23 compared to Rs 515 crore in the year-ago period

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91 tech companies lay off over 24,000 employees in first 15 days of January

The number of layoffs reached its nadir in November, which saw 51,489 tech workers lose their jobs

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Gold prices expected to rise towards record highs above $2,000 an ounce

Higher rates lifted returns on bonds, making non-yielding gold less desirable for financial investors, pushed the dollar to its strongest in 20 yrs, making dollar-priced gold costlier for many buyers

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Sensex, Nifty decline as metal, financials shares retreat amid FII outflows

From the Sensex pack, Axis Bank, NTPC, HDFC, HDFC Bank, Mahindra & Mahindra, ICICI Bank, Reliance Industries and Maruti were among the major laggards

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This packaged food company's share price has zoomed over 100% in 3 weeks

Shares of Lotus Chocolate hit a new high of Rs 209.90 today. They were locked at 5 per cent upper circuit for 16th straight day

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Markets to shift to T+1 settlement system from January 27: Report

It would allow the buyers and sellers to get shares and money in their accounts one day after the trade takes place

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PSBs in focus; UCO Bank, Indian Overseas, Union Bank surge over 5%

Motilal Oswal Financial Services believes that sustained and consistent performance on delivering healthy return ratios can result in further re-rating of the stocks.

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Avenue Supermarts slips 6%, hits over 6-month low post Q3 results

In Q3FY23, earnings before interest, taxes, depreciation, and amortization margins declined by 100 bps YoY to 8.6 per cent from 9.6 per cent in Q3FY22

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MARKET LIVE: Steady start likely ahead of WPI data; HDFC Bk, Wipro in focus

Stock market LIVE updates: Wholesale inflation data for the month of December will provide further direction to the markets

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Stocks to Watch: Wipro, HDFC Bank, DMart, Delhivery, NDTV, Sula Vineyard

Stocks to Watch today: Wipro, after market hours on Friday, reported a consolidated net profit of Rs 3,052 crore for October-December FY23, an increase of 2.8 per cent year-on-year (YoY)

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Breather for Natco in Novartis cardiac drug case from Delhi High Court

May open floodgates for Indian drugmakers to launch the generic version of the drug as early as next week

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FPIs withdraw Rs 15,000 crore from equities in 2 weeks of January

Foreign portfolio investors (FPIs) have been adopting a cautious stance towards Indian equity markets for the past few weeks

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