Options trading isn’t just for experts or big investors; it’s a tool that allows anyone to hedge risks, speculate smartly, or even generate steady income. This guide will explain everything you need about options trading in India. 

What is Options Trading?

Options trading is a financial contract that gives you the right (but not the obligation) to buy or sell an asset at a specific price before a set date. This flexibility makes options trading a popular tool for investors looking to manage risks, speculate on market movements, or lock in profits without owning the underlying asset outright.

Unlike buying stocks directly, where you own a piece of the company, trading options involve predicting how the price of an underlying asset—like a stock, index, or commodity—will move within a specific timeframe. For instance, instead of purchasing shares of Reliance Industries, you can trade options on its stock to profit from price changes without tying up significant capital.

For example, instead of investing ₹1,00,000 to buy a stock, you might spend only ₹5,000 to trade an option on the same stock. This lower cost and the ability to hedge against market risks make it a favourite among both beginners and seasoned traders in India.

Here’s how an option might look for Reliance Industries (RIL) stock:

• Reliance Call Option, Strike Price ₹2500, Expiry: 28th December 2023, Premium: ₹50
  • This means you pay ₹50 per share to buy the right to purchase RIL at ₹2500 anytime before the expiry date. You make a profit if RIL’s price goes above ₹2500 (e.g., ₹2600).

Types of Options

Options contracts are categorised into two main types: Call Options and Put Options. Each serves a distinct purpose, allowing traders to speculate on price movements or hedge against potential risks.

Call Options: Betting on Rising Prices

A call option gives you the right (but not the obligation) to buy an asset at a specific price (strike price) before a fixed date (expiration). You’d typically buy a call if you expect the asset's price to rise in the future.

Example:
Let’s say Reliance Industries (RIL) stock is currently trading at ₹2400.

• You purchase a call option with a strike price of ₹2500, expiring on 26th December 2023, for a premium of ₹30.
• If RIL’s price rises to ₹2600 before the expiry, you can exercise your right to buy it at ₹2500, sell it at ₹2600, and earn a profit of ₹100 per share (₹2600 - ₹2500), minus the ₹30 premium.

How to Spot a Call Option:

When looking at an options contract, it might appear as follows:
RELIANCE 26 Dec 2500 CE

• “CE” (Call European) indicates it’s a call option.
• “2500” is the strike price.
• “26 Dec” is the expiry date.

If the stock price goes above ₹2500, the call option becomes profitable, and you can either sell the option for a higher premium or exercise it.

Put Options: Profiting from Falling Prices

A put option gives you the right (but not the obligation) to sell an asset at a specific strike price before a fixed expiration date. You’d buy a put option if you expect the underlying asset's price to fall.

Example:
Suppose Reliance Industries (RIL) stock is currently trading at ₹2400.

• You purchase a put option with a strike price of ₹2300, expiring on 26th December 2023, for a premium of ₹20.
• If RIL’s price falls to ₹2200 before expiry, you can sell it at ₹2300 (as per the contract) and repurchase it at ₹2200, earning a profit of ₹100 per share (₹2300 - ₹2200), minus the ₹20 premium.

How to Spot a Put Option:

When looking at a put option contract, it might appear as:
RELIANCE 26 Dec 2300 PE

• “PE” (Put European) indicates it’s a put option.
• “2300” is the strike price.
• “26 Dec” is the expiry date.

The put option becomes profitable if the stock price goes below ₹2300.

Is Option a Type of Derivative Instrument?

Yes, options are a type of derivative instrument. A derivative is a financial contract whose value is based on the performance of an underlying asset, such as stocks, indices, commodities, or currencies. In the case of options, the value of the contract is derived from the underlying asset's price movements. 

Why Trade Options?

Options trading has gained immense popularity among Indian investors due to its unique advantages over traditional stock trading. Here are some of the key reasons why traders prefer options:

• Leverage: Options allow you to control a significant position in an asset for a fraction of the cost. Instead of buying 100 shares outright, which could cost lakhs of rupees, you pay a smaller premium for an options contract that grants similar exposure.

• Speculation: Options provide an effective tool if you want to profit from market movements without owning the underlying stock. A call option lets you bet on rising prices, while a put option helps you profit if prices fall. 

• Hedging Risks: Options are a great way to protect your existing portfolio against losses. For example, buying a put option can act as insurance if you own 100 shares of Infosys but worry about a short-term price drop. If Infosys falls below the strike price, the put option gains value, offsetting some of your losses.

Options Trading Strategies

Options trading offers various strategies to suit market scenarios, risk appetites, and trading objectives. Some of the most commonly used strategies are explained simply with practical examples tailored to Indian traders.

1. Long Call (Betting on Rising Prices)

A long call involves buying a call option to profit from an expected rise in the underlying asset's price. This strategy is ideal if you believe the asset's price will rise significantly before expiry. It allows traders to leverage small capital for higher potential returns.

Example:
Suppose Infosys stock is trading at ₹1,400.

• You buy a call option with a strike price of ₹1,500, expiring on 30th December 2023, for a premium of ₹20 per share.
• If Infosys' price rises to ₹1,600 before expiry, you can buy it at ₹1,500 and sell it at ₹1,600, making a profit of ₹80 per share (₹100 profit - ₹20 premium).

If the price doesn’t rise above ₹1,500, the option expires worthless, and you only lose the premium paid (₹20 per share).

2. Long Put (Profiting from Falling Prices)

A long put involves purchasing a put option to profit from an anticipated drop in the underlying asset's price. This strategy works well when you expect the stock price to fall significantly.

Example:
Hindustan Unilever (HUL) is trading at ₹2,600.

• You buy a put option with a strike price of ₹2,500, expiring on 30th December 2023, at a premium of ₹30.
• If HUL's price drops to ₹2,400, you can sell it at ₹2,500 and buy it back at ₹2,400, earning a profit of ₹70 per share (₹100 profit - ₹30 premium).

If the stock price doesn’t fall below ₹2,500, you lose only the premium paid.

3. Covered Call (Earning Income from Existing Holdings)

A covered call is a strategy where you sell a call option on a stock you already own, earning a premium while capping potential profits. This is ideal when you own shares of a stock and believe its price will remain relatively stable or rise slightly.

Example:
You own 1,000 shares of Reliance Industries, purchased at ₹2,300 per share.

• You sell a call option with a strike price of ₹2,400, expiring on 30th December 2023, at a premium of ₹25 per share.
• If Reliance's price stays below ₹2,400, the option expires worthless, and you keep the premium of ₹25,000 (₹25 x 1,000 shares).
• If the price rises above ₹2,400, the buyer exercises the option, and you sell your shares at ₹2,400, earning the premium plus the profit from the price difference.

4. Short Put (Generating Income in Bullish Markets)

A short put involves selling a put option to collect premiums, expecting the stock price to stay above the strike price. Use this strategy if you believe the asset price will rise or remain stable.

Example:
Tata Motors is trading at ₹600.

• You sell a put option with a strike price of ₹550, expiring on 30th December 2023, for a premium of ₹10 per share.
• If the stock price stays above ₹550, the option expires worthless, and you earn ₹10,000 (₹10 x 1,000 shares).

However, if Tata Motors falls below ₹550, you may incur losses, as you’ll be obligated to buy the stock at ₹550, regardless of how much further it drops.

5. Married Put (Insurance for Your Portfolio)

A married put involves buying a put option while holding the underlying stock. This strategy protects against downside risk while keeping the potential for upside gains. Use this strategy to protect your investment from sharp declines while benefiting from price increases.

Example:
You hold 1,000 shares of HDFC Bank, purchased at ₹1,700 each.

• To protect against a drop, you buy a put option with a strike price of ₹1,600, expiring on 30th December 2023, for ₹20 per share.
• If the price falls to ₹1,500, the put option increases in value, limiting your loss to ₹100 per share (₹1,700 purchase price - ₹1,600 strike price - ₹20 premium).

If the price rises above ₹1,700, you lose the premium but benefit from the stock's price appreciation.

Options Trading vs Futures: Key Differences

They differ significantly regarding risk, obligations, and strategies. Options provide flexibility with limited risk, while futures carry higher risk but greater certainty for both buyers and sellers.

Participants in Options Trading

Participants in options trading are categorized based on their roles in the market and their approach to the contracts. Here’s a breakdown of the key participants and their positions:

1. Option Buyers (Holders)

• Definition: These are traders who buy options contracts (calls or puts) by paying a premium. They gain the right but not the obligation to execute the contract.
• Role: Option buyers take a long position, speculating on price movements.

2. Option Sellers (Writers)

• Definition: These traders sell options contracts and receive a premium in return. They are obligated to fulfil the contract if the buyer exercises the option.
• Role: Option sellers take a short position and often bet on the contract expiring worthless.

3. Call Option Participants

• Call Buyers: Traders who expect the asset price to rise.
• Call Sellers: Traders who expect the asset price to stay below the strike price.

4. Put Option Participants

• Put Buyers: Traders who expect the asset price to fall.
• Put Sellers: Traders who expect the asset price to stay above the strike price.

Terms in Options Trading

Familiarity with key terminologies is essential for navigating options trading. Here are the most important terms explained in simple words:

1. Premium

• Definition: The price paid by the option buyer to the option seller for acquiring the right to buy or sell the asset.
• Example: If you purchase a call option for ₹30, that’s the premium you pay for the contract.

2. Expiry Date

• Definition: The last date by which the option must be exercised. After this, the contract expires worthless.
• Example: A Nifty 28 Dec 19500 CE option will expire on 28th December.

3. Strike Price

• Definition: The pre-decided price at which the buyer can exercise the option.
• Example: If the strike price is ₹500, the buyer of a call option can purchase the asset at ₹500, regardless of the market price.

4. American Option

• Definition: Options that can be exercised anytime before the expiry date.
• Example: In India, stock options like Tata Motors follow the American style.

5. European Option

• Definition: Options that can only be exercised on the expiry date.
• Example: Index options like Nifty and Bank Nifty in India follow the European style.

6. Intrinsic Value

• Definition: The difference between the current market price and the option's strike price, if profitable.
• Example: If a Nifty call option with a strike price of ₹19,500 trades at ₹19,700, its intrinsic value is ₹200.

7. Index Options

• Definition: Options where the underlying asset is a market index like Nifty or Bank Nifty.
• Example: A Nifty 28 Dec 19500 CE is an example of an index option.

Greeks in Options Trading

The Greeks are key metrics that help options traders understand how different factors, like time and volatility, impact the price of an option. Below are the main Greeks explained briefly:

• Delta: Measures how much the price of an option changes with a ₹1 movement in the price of the underlying asset. For example, a delta of 0.5 means the option price will rise by ₹0.50 if the stock price rises by ₹1.
• Gamma: Tracks the rate of change of delta as the price of the underlying asset moves. It helps traders understand how stable their delta position is over time.
• Theta: Represents time decay and shows how much an option’s price decreases as it approaches its expiry. A higher theta means faster loss of value due to the passing of time.
• Vega: Measures how much the option price changes with a 1% change in implied volatility. High vega indicates that the option is sensitive to market volatility.
• Rho: Indicates how much an option’s price changes with a 1% change in interest rates. It’s less impactful for short-term options but significant for long-term contracts.

Profitability Scenarios in Options Trading

In options trading, profitability depends on whether the option is In-the-Money (ITM), Out-of-the-Money (OTM), or At-the-Money (ATM):

• In-the-Money (ITM): The option has intrinsic value and would be profitable if exercised.
  • Example: A call option with a strike price of ₹500 is ITM if the stock trades at ₹550, as you can buy at ₹500 and sell at ₹550 for a ₹50 profit (minus the premium).
• Out-of-the-Money (OTM): The option has no intrinsic value and would not be profitable if exercised.
  • Example: A call option with a strike price of ₹600 is OTM if the stock trades at ₹550, as buying it in the market is cheaper.
• At-the-Money (ATM): The option’s strike price equals the market price, offering no immediate profit or loss but potential value based on future price movement.
  • Example: A call option with a strike price of ₹600 is ATM if the stock trades at ₹600.

Advantages of Trading in Options

• Leverage: Trade large positions with small capital, maximizing potential returns.
• Risk Limitation: For buyers, the maximum loss is limited to the premium paid.
• Flexibility: Allows hedging, speculation, and income generation in various market conditions.

Risks with Trading in Options

• Limited Time Frame: Options have an expiration date, which can lead to a complete loss if the market doesn’t move as expected.
• Complexity: Requires in-depth knowledge of strategies and market behaviour.
• Unlimited Loss for Sellers: Writing options can result in significant losses if the market moves against the position.

Conclusion

Options trading is an excellent choice for Indian investors exploring flexible and cost-effective trade methods. It allows you to profit from market movements, hedge risks, and generate income without owning the underlying asset outright. You can minimize risks and maximize gains with the right strategies and tools. However, success in options trading depends on a solid understanding of concepts like premiums, strike prices, and time sensitivity, making education and risk management key to achieving consistent results.

Frequently Asked Questions

Disclaimer: This article is intended for educational purposes only. Please note that the data related to the mentioned companies may change over time. The securities referenced are provided as examples and should not be considered as recommendations.

The post Options Trading in India: Strategies, Examples and Key Terms appeared first on Lakshmishree Blogs.

What is Swing Trading

Swing trading is when someone holds stocks for a few days or even weeks to profit from the 'swing' in stock prices. It is different from intra-day trading, whereby one is supposed to sell stocks on the same day as buying. In swing trading, the market trends are followed to gain profits without continuously having to monitor the market.

Swing trading is an investment strategy that involves viewing charts with the intent of predicting future movements in the price of stocks. An investor who understands these patterns can buy stocks at low prices and sell them at high prices.

Understanding Swing Trading Stock Selection

Choosing the right stocks is crucial for swing trading success. Here’s what you need to consider:

1. Liquidity: Ensure that the stocks you choose have high liquidity. The Share can easily be bought and sold without causing significant changes in price. Stocks that constitute high trading volumes are more liquid.
2. Volatility: Look for stocks that show significant price movements. High volatility will present more opportunities to buy at low and sell at high. However, return expectations rise proportionately with increasing risk.
3. Market Trends: Analyze overall market trends and sector performance. The stocks belonging to trending sectors generally offer better swing trading opportunities. For instance, technology or healthcare sectors may be more active in Terms of trading as compared to other sectors.
4. Technical Indicators: Moving Averages, RSI, and MACD are examples of technical indicators. These help in the inference of future price movements from past data
5. News and Events: Keep up to date with the latest news regarding your stocks at hand. Earnings reports, product launches, and other noteworthy events cause fluctuations in the prices of stock.

How To Choose Stocks For Swing Trading

Finding the best stocks for swing trading involves a systematic approach. Here’s how to select stocks for swing trading:

1. Technical Analysis

Technical analysis is a method that informs about the markets by considering past stock prices and trading volumes. This type of analysis uses charts and several indicators to predict future price movements. Here are the main tools:

• Moving Averages (MA): These help smooth out price data to create a single flowing line, making it easier to spot trends.
• Relative Strength Index (RSI): This measures the speed and change of price movements, helping you see if a stock is overbought or oversold.
• Moving Average Convergence Divergence (MACD): This shows the relationship between two moving averages of a stock’s price, helping you identify buy and sell signals.

2. Fundamental Analysis

Fundamental analysis involves looking at a company's financial health to determine its stock's value. Key factors include:

• Earnings Reports: Check a company's quarterly and annual earnings to see how profitable it is.
• News Releases: Stay updated with the latest news about the company and its industry.
• Market Trends: Understand the overall market and industry trends that can impact the stock price.

3. Sector Analysis

Some sectors do better than others at times. Knowing what sectors and industries are outperforming broad market indexes could allow you to select the best stocks for swing trading. Look for leading sector performance with growth potential.

4. Sentiment Analysis

Sentiment analysis gauges the mood of the market due to social media, news articles, and what experts have to say. Positive sentiment may push the stock price higher, while negative might drive it lower.

5. Check the Stock's Volatility

Moderate volatility is ideal for swing trading. Look for stocks with an Average True Range (ATR) between 2% to 5% of their price.

Example: If a ₹100 stock has an ATR of ₹3, it's in the optimal range for swing trading.

6. Check for Upcoming Events

Be aware of significant upcoming events like earnings reports that could impact the stock price.

Example: Avoid entering a swing trade right before a company's earnings report, as this could lead to unexpected price movements.

7. Use Multiple Timeframes

Analyze the stock on different timeframes to confirm the trend. Look at daily charts for the overall trend and 4-hour or 1-hour charts for entry points.

Example: If Infosys shows an uptrend on the daily chart and pulls back on the 4-hour chart, it might present a good entry opportunity for a bullish swing trade.

Best Tools for Identifying Stocks for Swing Trading

1. Screening Tools

• Finviz: A powerful stock screener that helps you find stocks based on various filters.
• StockFetcher: Another great tool for screening stocks using custom criteria.
• TradingView: An advanced charting platform with a strong community of traders attending.

2. Charting Tools

• MetaTrader: Offers comprehensive charting and analysis tools.
• ThinkorSwim: A robust platform provided by TD Ameritrade, excellent for in-depth technical analysis.

3. News and Analysis Tools

• Seeking Alpha: Provides market news, analysis, and research tools.
• MarketWatch: Offers financial news, stock market data, and analysis.

4. Mobile Apps

ShreeVarahi (Lakshmishree): A user-friendly app for trading stocks with no annual fees.

Indicators To Identify Stock For Swing Trading

Swing Traders, before investing in any stock analyze it and then move forward to trade or invest in it. They also rely on different indicators which help them in selecting the stocks for swing trading. Some of these are discussed below:

1. Moving Average

The Moving Average is the average of a share’s prices over time. It is a lagging indicator and makes the daily price fluctuations very less. The Moving Average also smooths the short-term spikes in the prices of the shares of any company.

The Traders use the Moving Average indicator when the short-term moving average crosses the long-term moving average.

2. Volume

Volume is the most important indicator for swing traders as it depicts the strength of the ongoing trend. Volume as an indicator is important when there is a breakout. A change in the price without a change in the volume of trading is not a change in trend.

When the volume is high, it indicates that real buyers and sellers are present in the market. Volume as an indicator is used to spot the bullish trend.

3. Relative Strength Index

The Relative Strength Index (RSI) shows whether the prices of shares of a company are in the overbought zone or the oversold zone. If they are in the oversold zone, the prices are expected to an uptrend while if they are in the overbought zone, the share prices reverse to the downtrend.

RSI is a price oscillator that moves between 0% to 100% with limits at 30 % and 70 %. The area below 30% and above 70% is known as the oversold and overbought areas respectively.

4. Ease Of Movement

It is a technical analysis that explains the relationship between the rate of change in the price of an asset with its volume. It is used to determine how with ease the price of a share can either rise or fall.

5. Support And Resistance

The lines of support and resistance create a price band between which the price of a security moves. These lines help the traders to plan the entry and exit in the market for a share of any company. When the price falls it reaches the support line which means that the demand has increased while if the price is rising that means that there is an increase in supply and the price will be near the resistance line.

If the price reaches any of the lines the trader may not gain much during this time.

Advantages Of Swing Trade

• Swing trading takes up less time than Intraday trading and can be done part-time.
• It does not tie up the capital for as long as it is for a short period.
• Swing trading is flexible as if the stock they bought is in loss after the specific time they are not bound to sell it.
• Swing Trade helps the investors earn short-term profits which helps them fulfill some of their short-term goals.

Difference Between Swing and Day Trading

Swing Trade and Day Trade are very similar in many ways. But there are some differences between them mainly regarding holding time and the number of transactions.

1. Swing trading can be held for more than one day and maybe for a few weeks, while in Day trading, the position needs to be squared off before the end of the trading day.
2. In Day trading, multiple trades with many transactions take place in a day, while Swing traders may do the same number of trades in a week with few transactions.
3. Day trade requires constant attention, while Swing Trade can be done part-time and periodically without the hassle of checking the prices multiple times during the day.
4. The gains and losses are slow in Swing trading compared to Day Trading, where they can earn or lose money in the blink of an eye.

Conclusion

Swing Trading means trading with the ongoing trend. People who are new to trading can start with swing trading as it is held for more than a day, which gives the new traders some time to assess the stock. The traders do not try to make big profits in a single go but small profits at regular intervals. The time required during swing trading is less compared to the time and concentration required in day trading.

Swing trade can be subjected to the risk of an event that may happen when the markets are closed. All the traders who are venturing out to the field of swing trading are suggested to do an in-depth technical and fundamental analysis of the company in which they want to trade.

Frequently Asked Questions

Disclaimer: This article is for educational purposes only and should not be considered financial advice. Always conduct your research and consider consulting with a financial advisor before making any investment decisions.

The post How To Choose Stocks For Swing Trading: Best Strategy appeared first on Lakshmishree Blogs.

On January 31, both the Sensex and the Nifty surged, driven by widespread buying activities on the eve of the budget and in anticipation of the outcome of the US Federal Reserve meeting.

• Sensex concluded on a higher note, registering an increase of 612.21 points or 0.86%, settling at 71,752.11.
• Nifty experienced an upward trend, accumulating a gain of 203.60 points or 0.95%, closing at 21,725.70.
• Bank Nifty observed a surge, with an increase of 629.05 points or 1.39%, concluding at 45,996.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1660.72 Cr
DII Net Purchase is of Rs 2542.93 Cr

Market Roundup For The Day

Sector Update

• All sectoral indices, except capital goods, closed positively.
• Auto, bank, healthcare, power, metal, and realty sectors saw gains of 1-2%.
• BSE midcap index increased by 1.5%, while the smallcap index rose by nearly 2%.

Stock Update

• Nazara Technologies subsidiary, Nodwin Gaming, invests €8 million in Freaks 4U Gaming.
• Investor Ashish Kacholia sells a half percent stake in Venus Pipes & Tubes.
• Procter and Gamble Hygiene and Health Company's board declares an interim dividend of Rs 100 per share and a special dividend of Rs 60 per share.
• Sun Pharma's Q3 board approves an interim dividend of Rs 8.50 per share.
• Paras Defence secures an order for optical periscopes from the Defence Ministry.
• Infosys collaborates with Ireland's Musgrave to spearhead cognitive-first IT transformation.
• NTPC receives DIPAM approval to list its subsidiary, NTPC Green Energy, with plans to raise Rs 10,000 crore.
• Shree Cement's board announces a dividend of Rs 50 per share, with the record date set for 8 February 2024.
• Paytm Payments Bank was directed to halt the enrollment of new customers by RBI.
• Nova AgriTech IPO listed on the stock exchanges today. The stock started trading at Rs 55, a premium of 34.1% against the issue price of Rs 41. The stock hit its upper circuit of Rs 57.25 and later closed its session at the same.
• BLS E-Services IPO subscribed 42.86 times on the second day of the bidding

Q3 Result Update 

Upcoming Result on 1st February 2024

• Aavas Financiers 
• Aditya Birla Capital 
• Adani Enterprises 
• Adani Ports and Special Economic Zone 
• Ador Welding 
• Allied Digital Services 
• Aether Industries 
• Aptus Value Housing Finance India 
• Arvind SmartSpaces 
• Allcargo Terminals 
• Avalon Technologies 
• Bata India 
• Castrol India 
• City Union Bank 
• Deepak Fertilizers and Petrochemicals Corporation 
• eClerx Services 
• Five-Star Business Finance 
• Ganga Forging 
• GMM Pfaudler 
• Godrej Agrovet 
• Gokaldas Exports 
• Goodluck India 
• Greenply Industries 
• Hybrid Financial Services 
• INCREDIBLE INDUSTRIES 
• The Indian Hotels Company 
• The India Cements 
• Jupiter Wagons 
• Kuantum Papers 
• Dr. Lal Path Labs 
• Minda Corporation 
• MphasiS 
• Orbit Exports 
• Orient Electric 
• Praj Industries 
• Pricol 
• Prism Johnson 
• Raymond 
• RITES 
• Rolex Rings 
• RPG Life Sciences 
• S.J.S. Enterprises 
• Somany Ceramics 
• Sonata Software 
• Spencer's Retail 
• Sumitomo Chemical India 
• TD Power Systems 
• Texmaco Rail & Engineering 
• Thangamayil Jewellery 
• Thyrocare Technologies 
• Tube Investments of India 
• Titan Company 
• Tamil Nadu Newsprint & Papers 
• UFO Moviez India 
• V-Guard Industries 
• V.S.T Tillers Tractors 
• Walchandnagar Industries 
• Welspun Enterprises 

Results Declared

• Kajaria Ceramics reported a 40.2% YoY increase in Q3 net profit, reaching Rs 104.2 crore compared to Rs 74.3 crore.
• Maruti Suzuki recorded a Q3 net profit of Rs 3,130 crore and revenue of Rs 33,309 crore.
• Adani Wilmar witnessed an 18.4% YoY decline in Q3 net profit at Rs 201 crore, down from Rs 246.2 crore.
• Procter and Gamble Hygiene and Health Care posted a Q2 net profit rise of 10.3% at Rs 228.9 crore, with revenue slightly down at Rs 1,133.4 crore YoY.
• Max Healthcare's Q3 net profit surged 30.1% to Rs 289.3 crore, and revenue increased by 16.9% to Rs 1,335 crore YoY.
• Jyothy Labs reported Q3 net profit growth of 34.9% at Rs 90.9 crore and a revenue increase of 10.6% at Rs 677.5 crore YoY.
• Ambuja Cements announced a Q3 net profit of Rs 513.7 crore.
• Paisalo Digital's Q3 net profit reached Rs 56.5 crore, a significant increase from Rs 27.9 crore, and Net Interest Income (NII) rose by 69.4% to Rs 118.4 crore YoY.
• Kalyan Jewellers reported a Q3 net profit rise of 21% at Rs 180 crore.
• Bank of Baroda's Q3 net profit grew 19% to Rs 4,579 crore, with an improvement in asset quality.
• Morepen Laboratories' Q3 net profit stood at Rs 32 crore, a notable increase from Rs 9 crore, and revenue rose by 27.5% to Rs 444.5 crore YoY.
• Dabur India posted Q3 results with an 8% increase in net profit at Rs 514.2 crore and a 7% rise in revenue at Rs 3,255.1 crore YoY.
• Welspun Living's Q3 net profit reached Rs 177 crore, a significant jump from Rs 42.4 crore, and revenue increased by 29.0% to Rs 2,411 crore YoY.
• Suzlon Energy posted a Q3 net profit of Rs 203 crore, witnessing a substantial increase from Rs 78.4 crore, while its year-on-year revenue grew by 7.4% to reach Rs 1,560.5 crore.
• PVR Inox experienced a 20.5% decline in Q3 net profit, settling at Rs 12.8 crore, despite a notable 64.5% surge in revenue to Rs 1,545.9 crore compared to the previous year.
• Sun Pharma recorded a 16.5% growth in Q3 net profit, reaching Rs 2,524 crore, accompanied by a revenue figure of Rs 12,381 crore.
• Motherson Sumi Wiring India reported Q3 net profit at Rs 138 crore, compared to Rs 106 crore YoY.
• Jubilant FoodWorks posted Q3 net profit at Rs 65.8 crore, and revenue at Rs 1,378 crore.
• Dixon Tech's Q3 net profit jumped 87% to Rs 97 crore.
• Shree Cement announced Q3 net profit growth of 165% YoY to Rs 734 crore.
• Ajanta Pharma saw a 56% YoY boost in Q3 net profit, reaching Rs 210 crore. Also, revenue went up by a solid 14% during the same period.
• In Q3, Fino Payments Bank witnessed a 19% surge in net profit, reaching Rs 22.8 crore.

Date: 30 January 2024 Stock Market Highlights

On January 30, the Indian equity benchmark retraced some of its gains from the previous session, concluding lower amidst a volatile trading day.

• The Sensex witnessed a significant drop of 801.67 points (1.11%), closing at 71,139.90.
• Nifty experienced a decline of 215.50 points (0.99%), settling at 21,522.10.
• Bank Nifty saw a slight dip of 74.60 points (0.16%), closing at 45,367.75.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 1970.52 Cr
DII Net Purchase is of Rs 1002.70 Cr

Market Roundup For The Day

Sector Update

• Except realty and PSU banks, all sectors saw a decline in indices.
• Capital goods, FMCG, pharma, and power sectors experienced a 0.5-1% decrease.
• BSE midcap index dropped by 0.5 percent.
• The smallcap index concluded with no significant change.

Stock Update

• Bharat Electronics secures an order worth Rs 847 crore from the Central Board of Indirect Taxes and Customs (CBIC).
• Bajaj Finserv acquires Vidal Healthcare at an enterprise value of Rs 325 crore.
• NTPC signs MoU with Maharashtra Government for green hydrogen projects, involving an investment of Rs 80,000 crore.
• L&T Construction wins a substantial order estimated between ₹10,000-15,000 crore to establish a renewable energy generation plant in the United Arab Emirates.
• NCLT rejects aircraft lessor's insolvency petition against SpiceJet.
• KEC International secures new orders worth ₹1,304 crore.
• Orchid Pharma's "Exblifeb" granted European Medicines Agency approval.
• Suzlon secures a new order of 642 MW from Evren.
• Zydus Lifesciences launches Rexigo for advanced prostate cancer patients in India.
• Balrampur Chini Mills receives an assessment order of Rs 50.63 crore from the Income Tax department for the Income Tax return for AY 2021-22.
• GAIL (India) signs a long-term LNG purchase agreement with Abu Dhabi National Oil Company (ADNOC) Gas for around 0.5 MMTPA LNG.
• Servotech bags an order worth Rs 120 crore from BPCL to set up 1,800 EV charging stations.
• TCS secures a 15-year contract from Aviva, a UK-based insurance company ‘Aviva’.
• EPACK Durable IPO stock opened at Rs 221, 3.9% lower than the issue price, and closed at Rs 207.60, down 9.74% on the NSE, remaining below the issue price of Rs 230 throughout the session.
• BLS E-Services IPO subscribed 15.75 times on the first day of the bidding

Q3 Result Update 

Upcoming Result on 31st January 2024

• 3i Infotech 
• Ajanta Pharma 
• Ambuja Cements 
• Amara Raja Energy & Mobility 
• Atul Auto 
• Automotive Axles 
• Adani Wilmar 
• Balaji Amines 
• Banaras Beads 
• Bank Of Baroda
• Brooks Laboratories 
• Carborundum Universal 
• CARYSIL 
• Cords Cable Industries 
• Dabur India 
• Data Patterns (India) 
• D B Realty 
• DCM Shriram 
• Digispice Technologies 
• Dixon Technologies (India) 
• Emkay Global Financial Services 
• Fino Payments Bank 
• Foods & Inns Limited
• Geojit Financial Services 
• The Great Eastern Shipping Company 
• GMR Airports Infrastructure 
• Godrej Consumer Products 
• Greenpanel Industries 
• Heidelbergcement India 
• IDFC Limited
• IRB Infrastructure Developers 
• Jindal Steel & Power 
• Jubilant Foodworks 
• Jyothy Labs 
• Kajaria Ceramics 
• Kalyan Jewellers India 
• Kamat Hotels (I) 
• Kitex Garments 
• Lux Industries 
• Mankind Pharma 
• Maruti Suzuki India 
• Max Healthcare Institute 
• Morepen Laboratories 
• Motherson Sumi Wiring India 
• NDL Ventures 
• NIIT Learning Systems 
• Nilkamal Limited
• Paisalo Digital 
• PTC India Financial Services 
• Procter & Gamble Hygiene And Health Care 
• Poly Medicure 
• Punjab & Sind Bank
• PVR INOX 
• Rane Engine Valve 
• Ratnaveer Precision Engineering 
• Relaxo Footwears 
• Rollatainers 
• Sastasundar Ventures 
• Securekloud Technologies 
• Shree Cement 
• Steelcast 
• Stel Holdings 
• Sundaram Finance Holdings 
• Sun Pharmaceutical Industries 
• Suzlon Energy 
• Swan Energy 
• Thomas Cook  (India)  
• Tips Films 
• Tracxn Technologies 
• Uttam Sugar Mills 
• Vimta Labs 
• Welspun Investments And Commercials 
• Welspun Living 
• Westlife Foodworld 

Results Declared

• Subros reports Q3 net profit of Rs 27 crore (YoY increase from Rs 8 crore) and revenue up 12% at Rs 733 crore (compared to Rs 655 crore).
• J Kumar Infraprojects announces Q3 net profit of Rs 83 crore (a 16.8% YoY increase) and revenue up 14.7% at Rs 1,218.7 crore (versus Rs 1,062.4 crore).
• Keystone Realtors Q3 results show a net profit of Rs 30.2 crore (compared to Rs 5.3 crore) and revenue at Rs 520.7 crore (compared to Rs 126.5 crore), YoY.
• Indian Metals & Ferro Alloys Q3 results reveal a net profit of Rs 108.7 crore (compared to Rs 11 crore) and a 10% YoY increase in revenue to Rs 685.3 crore (from Rs 623.6 crore).
• Adani Total Gas reports a 2.3% sequential growth in Q3 net profit.
• Dwarikesh Sugar Q3 net profit increases by 5%, but revenue declines by 18.4% YoY.
• Gillette sees a 39.5% surge in net profit to Rs 103.90 crore.
• Wheels India Q3 net profit tumbles 16% YoY to Rs 10.1 crore.
• Strides Pharma Science Q3 consolidated net profit at Rs 49.6 crore (compared to a loss of Rs 80 crore YoY)
• Apar Industries reports a 28.1% YoY increase in Q3 net profit at Rs 217.6 crore and a 1.9% growth in revenue to Rs 4,013 crore.
• Suven Life Sciences Q3 net loss at Rs 42 crore (compared to a loss of Rs 51.1 crore) and revenue down 20% at Rs 2.4 crore (from Rs 3.0 crore), YoY.
• Symphony reports Q3 net profit up 5% at Rs 41 crore (compared to Rs 39 crore) and revenue down 10.8% at Rs 247 crore (from Rs 277 crore), YoY.
• Bajaj Finserv records a 21% YoY increase in Q3 consolidated net profit at Rs 2,158 crore, compared to Rs 1,782 crore, and reports a 34% growth in revenue to Rs 29,038 crore from Rs 21,755 crore.
• Meghmani Organics Q3 results show a net loss of Rs 38.2 crore (compared to a profit of Rs 8.3 crore) and revenue down 36% at Rs 352 crore (from Rs 549.4 crore) YoY.
• GPT Infraprojects achieves a 97.4% YoY increase in Q3 net profit at Rs 15 crore and a 26.6% growth in revenue to Rs 253.7 crore.
• Cheviot Company Q3's net profit is up 41% at Rs 18 crore (compared to Rs 13 crore), and revenue is down 17% at Rs 98 crore (from Rs 118 crore), YoY.
• Coromandel International experiences a 56.2% YoY decline in Q3 net profit, reporting Rs 231 crore compared to Rs 527 crore.
• Arvind Q3 profit rises to Rs 91.7 crore (from Rs 84.12 crore YoY) and revenue to Rs 1888 crore (from Rs 1980 crore) YoY.
• ITC Ltd reports 6% growth in consolidated net profit at Rs 5,335 crore for Q3.
• Shyam Metalics & Energy Q3 net profit up 94.1% at Rs 125.8 crore (compared to Rs 64.8 crore), YoY.
• Blue Star Q3's net profit is Rs 100.5 crore, and revenue is Rs 2,241.2 crore.
• Jubilant Ingrevia's profit in Q3 dropped by almost 58% to Rs 38.6 crore compared to Rs 91.5 crore last year, and its revenue fell by about 16.5% to Rs 966.4 crore from Rs 1,158 crore.
• Dr. Reddy's reports a third-quarter net profit increase of 11% to Rs 1,379 crore.

Date: 29 January 2024 Stock Market Highlights

On January 29, Indian equity indices rebounded from the losses of the previous session, kicking off the Budget week with a strong performance. 

• Sensex witnessed a rise of 1,240.90 points or 1.76%, closing at 71,941.57. 
• Nifty experienced an increase of 385.00 points or 1.80%, concluding at 21,737.60.
• Bank Nifty concluded the trading session with a gain of 576.20 points, reflecting a 1.28% increase, and closed at 45,442.35.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 110.01 Cr
DII Net Purchase is of Rs 3221.34 Cr

Market Roundup For The Day

Sector Update

• Oil & gas sector surged by 5%.
• The Power sector saw a 3% increase.
• The Capital Goods sector recorded a 2% rise.
• BSE Midcap index increased by 1.7%.
• Smallcap index gained 1%.

Stock Update

• Oriental Rail Infrastructure's subsidiary secures an order worth Rs 55.77 crore from THDC India.
• Mahindra Logistics expands its multi-client warehousing capacity in Nashik.
• Ahluwalia Contracts wins a project valued at Rs 180 crore.
• Think India Opportunities Master Fund LP acquires a 2.38% stake in Sangam India.
• Asia Opportunities V Mauritius acquires 9.88% shares in PNB Housing Finance.
• Marshall Wace Investment Strategies Eureka Fund purchases a 0.6% shareholding in Manappuram Finance.
• UltraTech Cement commissions 2.6 mtpa greenfield grinding capacity at Rajpura, Punjab.
• Plutus Wealth Management acquires a 1% stake in Indiabulls Housing Finance.
• Griffin Growth Fund acquires a 0.7% stake in DB Realty.
• Ashoka Buildcon secures the lowest bid for the six-laning project on NH-2 in Bihar valued at Rs 520 crore under Bharatmala on EPC mode.
• Maharashtra Seamless receives two contracts with an aggregate basic value of Rs 116 crore from Indian Oil Corporation to supply seamless pipes.
• Marshall Wace LLP's hedge fund acquires Rs 308 crore worth of shares in Paytm.
• Man Infraconstruction Group launches 'Aaradhya OnePark.'
• Rolls-Royce signs a long-term contract of 7 years with Azad Engineering to produce/supply critical engine parts for their Defence/Military Aircraft engines.
• Subex receives in-principle approval from RBI to set up account aggregator services.
• Marshall Wace Investment Strategies buys Rs 422.6 crore worth of shares in Bandhan Bank.
• Jubilant Pharmova's subsidiary to sell the entire 25.8% stake in Sofie Biosciences Inc, USA.
• Power Mech bags orders worth ₹644.91 crore from RVNL & NUPPL.
• Ami Organics arm commences the manufacture and supply of Lithium-ion battery cells.
• GAIL announces a dividend of Rs 5.5 per share.
• Garware Technical Fibre announced a buyback of Rs 3800 per share. The closing price of 29th January is Rs 3660.
• BLS E-Services IPO to open for subscription from tomorrow. For more details read our blog on BLS E-Services 
• EPACK Durable IPO to list on NSE and BSE tomorrow.

Q3 Result Update 

Upcoming Result on 30th January 2024

• ADF Foods 
• Akshar Spintex 
• AksharChem India 
• Apar Industries 
• Arvind 
• Asahi Songwon Colors 
• Asian Granito India 
• Astral 
• Adani Total Gas 
• Bajaj Finserv 
• Bajaj Holdings & Investment 
• Bharat Gears 
• Blue Star 
• Cheviot Company 
• Cochin Shipyard 
• Compucom Software 
• Coromandel International 
• Dr. Reddy's Laboratories 
• Dwarikesh Sugar Industries 
• Gillette India 
• GPT Infraprojects 
• Heads UP Ventures 
• Indian Metals & Ferro Alloys 
• IRB InvIT Fund
• JBM Auto 
• Johnson Controls - Hitachi Air Conditioning India 
• J.Kumar Infraprojects 
• Jaiprakash Associates 
• Jubilant Ingrevia 
• Kaya 
• Kaynes Technology India 
• KEC International 
• KPIT Technologies 
• Larsen & Toubro 
• Mahindra & Mahindra Financial Services 
• M K Proteins 
• New Delhi Television (NDTV)
• Pudumjee Paper Products 
• Poddar Housing and Development 
• PB Fintech 
• Piramal Pharma 
• Rane Brake Lining 
• Keystone Realtors 
• Sadhana Nitrochem 
• Shanthi Gears 
• Shriram Pistons & Rings 
• Shyam Metalics and Energy 
• SIS 
• SRF 
• Strides Pharma Science 
• Star Health and Allied Insurance 
• Subros 
• Sukhjit Starch & Chemicals 
• Suven Life Sciences 
• Symphony 
• Teamlease Services 
• Texmaco Infrastructure & Holdings 
• Tokyo Plast International 
• Triveni Engineering & Industries 
• Urja Global 
• Vaibhav Global 
• VIP Industries 
• Voltas Limited
• Wheels India 
• ZF Commercial Vehicle Control Systems India 

Results Declared

• Bharat Electronics witnessed a 40.2% YoY surge in Q3 net profit, reaching Rs 859.6 crore compared to Rs 613 crore. 
• Indian Energy Exchange reported a 19% YoY increase in profit to Rs 92 crore for Q3.
• BPCL posted a Q3 net profit of Rs 3,397.3 crore. 
• Sanghi Industries experienced a widened Q3 loss of Rs 201.55 crore despite a strong topline.
• CSB Bank's Q3 net profit declined 3.9% YoY to Rs 150 crore. 
• Adani Green's Q3 consolidated net profit surged to Rs 256 crore from Rs 103 crore, with revenue up 17% at Rs 2,311 crore YoY.
• Olectra Greentech saw a 77% YoY profit spike to Rs 27 crore. 
• Zen Technologies' Q3 profit doubled sequentially to Rs 30.6 crore. 
• Nitin Spinners reported a 1.3% jump in net profit to Rs 32 crore and a 40% increase in revenue to Rs 750.4 crore YoY.
• Voltamp Transformers posted Q3 earnings with an 86.3% YoY net profit increase to Rs 95 crore and a 14% revenue rise to Rs 408.5 crore.
• Adani Energy's Q3 net profit was Rs 325 crore, with revenue at Rs 3,820 crore. 
• Stylam Industries recorded a 30.4% YoY increase in net profit to Rs 31.3 crore, while revenue declined 7.6% to Rs 216.5 crore. 
• Latent View's Q3 net profit decreased 11.3% YoY to Rs 46.5 crore.
• GAIL reported an 18.2% QoQ increase in Q3 net profit to Rs 2,843 crore. 
• Marico's Q3 net profit rose 15.9% to Rs 386 crore, while revenue decreased 1.9% to Rs 2,422 crore YoY.
• Bajaj Finance reports strong Q3 performance with a 22% increase in Net Profit to Rs 3,639 crore.
• Restaurant Brands Asia's Q3 net loss narrows to Rs 39.9 crore, with a 14.7% increase in revenue.

Date: 25 January 2024 Stock Market Highlights

The Sensex and Nifty, key benchmark indices, declined from the previous day's levels as banking and IT stocks faced renewed pressure.

• Sensex recorded a loss of 359.64 points a 0.51% increase, closing at 70,700.
• Nifty registered a decline of 101.35 points or 0.47%, closing at 21,352.60.
• Bank Nifty ended the trading session with a decrease of 216.25 points (0.48%), closing at 44,866.15.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 2144.06 Cr
DII Net Purchase is of Rs 3474.89 Cr

Market Roundup For The Day

Sector Update

• All sectoral indices, except Nifty Realty, closed in negative territory.
• Financial services, pharma, bank, IT, FMCG, and healthcare indices settled over 1% lower.
• Midcap indices corrected in the broader market.
• Nifty smallcap closed 0.5% higher than the previous day.

Stock Update

• Glenmark Pharma enters a license agreement with Jiangsu Alphamab Biopharmaceuticals.
• Piramal Enterprises subsidiary will acquire a 10.39% stake in Annapurna Finance for Rs 300 crore.
• Asahi India to acquire 47.8% in AIS Adhesives and 50% in AIS Distribution.
• CLSA Global Markets acquires an additional 3.17% stake in Sunteck Realty.
• IRM Energy commences commercial operations at LCNG station in Namakkal district.
• RailTel Corporation of India secures an order worth Rs 162.73 crore from Navodaya Vidyalaya Samiti.
• The government plans a coal-to-synthetic natural gas project through a joint venture between Coal India and GAIL.
• Mazagon Dock Shipbuilders signs a Rs 1,070 crore contract to construct and deliver 14 Fast Patrol Vessels for the Indian Coast Guard.
• Government to issue shares worth Rs 35.85 crore to NHPC employees via Offer for Sale (OFS).
• HPCL announces a dividend of Rs 15 per share.
• Zomato has received approval from the Reserve Bank of India (RBI) to function as a payment aggregator.
• Nova AgriTech IPO subscribed 113.20 times on the final day of the bidding.

Q3 Result Update 

Upcoming Result on 27th January 2024

• APL Apollo Tubes 
• Bhansali Engineering Polymers 
• Bhagiradha Chemicals & Industries 
• Bhagyanagar India 
• CCCL
• CGCL
• Craftsman Automation 
• Dodla Dairy 
• Godha Cabcon & Insulation 
• Global Surfaces 
• Nandani Creation 
• Macrotech Developers 
• Mangalam Cement 
• Olectra Greentech 
• Sanghi Industries 
• Shah Metacorp 
• Sky Gold 
• Utkarsh Small Finance Bank 
• Yes Bank 
• Zen Technologies 

Upcoming Result on 29th January 2024

• Aditya Birla Sun Life AMC 
• Adani Green Energy 
• Advani Hotels & Resorts (India) 
• Antarctica 
• Apollo Pipes 
• Asian Energy Services 
• Bajaj Finance 
• Banswara Syntex 
• Bharat Electronics 
• Bhageria Industries 
• BPCL
• Crown Lifters 
• CSB Bank 
• CSL Finance 
• Dolat Algotech 
• GAIL (India) 
• Gangotri Textiles 
• Garware Technical Fibres 
• Gateway Distriparks 
• Godfrey Phillips India 
• Heritage Foods 
• Hindcon Chemicals 
• Indo Count Industries 
• Vodafone Idea 
• India Motor Parts and Accessories (IMPAL)
• ITC 
• Jindal Drilling And Industries 
• JPPOWER
• Kamdhenu 
• Latent View
• LG Balakrishnan & Bros 
• Macpower CNC Machines 
• Mahindra EPC Irrigation 
• Mahindra Logistics 
• Maharashtra Seamless 
• Marico 
• Muthoot Microfin 
• Nippon Life India Asset Management 
• Nelcast 
• Nitin Spinners 
• Nuvoco Vistas Corporation 
• Piramal Enterprises 
• Petronet LNG 
• Restaurant Brands Asia 
• R R Kabel 
• Snowman Logistics 
• Stylam Industries 
• Tata Investment Corporation 
• Teamo Productions HQ 
• UTIAMC
• Venus Pipes & Tubes 
• Voltamp Transformers 
• Xpro India 
• Zim Laboratories 

Results Declared

• PNB Housing Finance sees a 25.8% YoY jump in Q3 profit to Rs 338 crore.
• Balkrishna Industries reports a 182% YoY spike in Q3 profit to Rs 305 crore.
• Quick Heal Technologies posts Q3 profit at Rs 10.06 crore.
• Prudent Corporate witnesses a 25% YoY growth in Q3FY24 profit. 
• Equitas Small Finance reports Q3 net profit at Rs 202 crore.
• Punjab National Bank posted a net profit of Rs 2,222.8 crore in Q3, a significant increase from Rs 628.9 crore last year, and achieved a notable 12.1% growth in Net Interest Income (NII) to Rs 10,293 crore.
• Indraprastha Gas reports Q3 earnings with a net profit of Rs 392 crore. 
• Elecon Engineering's Q3 earnings reveal a 44% rise in net profit at Rs 90.4 crore and a 22% increase in revenue at Rs 474 crore YoY.
• HPCL reports Q3 earnings with a net profit of Rs 529 crore.
• LT Foods records a 59% YoY increase in Q3 net profit at Rs 151.2 crore and a 9% growth in revenue at Rs 1,942 crore.
• Sterlite Technologies records a Q3 net loss of Rs 57 crore and a 12% decline in revenue QoQ.
• Chalet Hotels' Q3 profit declines by 31% YoY to Rs 70.6 crore.
• DB Corp reports robust Q3 results with a significant increase in net profit at Rs 123.9 crore and a 14% rise in revenue at Rs 644.7 crore YoY. 
• Swaraj Engines' Q3 earnings show a 4% rise in net profit at Rs 24.1 crore and a slight 0.2% increase in revenue at Rs 279.5 crore YoY. 
• JSW Steel's Q3 net profit nearly doubles, reaching Rs 2,415 crore, indicating a substantial increase in profitability during the specified quarter.
• SBI Life's net profit shows a 6% YoY increase, reaching Rs 322 crore, reflecting improved financial performance in the specified period.
• ACC's Q3 results reveal a significant surge in net profit, jumping nearly five-fold to Rs 538 crore, indicating a substantial improvement in financial performance during the specified quarter.
• Vedanta Ltd reported an 18% decline in net profit, totalling Rs 2,013 crore for the third quarter of 2023-24. This dip can be attributed to increased finance, raw material costs, and sluggish sales.
• Tata Technologies has experienced a 6% quarter-on-quarter increase in net profit, reaching Rs 170 crore, with a corresponding 1.6% growth in revenue.

Date: 24 January 2024 Stock Market Highlights

On January 24, Indian benchmark indices rebounded from a two-day losing streak, reclaiming ground lost in previous sessions. Despite volatile trading conditions, they managed to end the day positively.

• Sensex recorded a gain of 689.76 points, representing a 0.98% increase, closing at 71,060.
• Nifty registered a surge of 215.15 points or 1.01%, closing at 21,454.
• Bank Nifty ended the trading session with an increase of 67.35 points (0.15%), closing at 45,082.40.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

Market Roundup For The Day

Sector Update

• Auto, Information Technology, capital goods, FMCG, metal, oil & gas, and power sectors saw a 1-2 percent increase.
• BSE Midcap and Smallcap indices both gained nearly 2 percent..

Stock Update

• The Competition Commission of India (CCI) has granted approval for the Burman family's acquisition of a stake in Religare Enterprises.
• UFO Moviez has entered into a strategic alliance with TSR Films, enhancing its position in the entertainment industry.
• CCI has given the green light for the merger of Fincare Small Finance Bank with AU Small Finance Bank.
• Rama Steel Tubes' board has approved a bonus issue in the proportion of 2:1, providing 2 fully paid-up shares for every 1 equity share.
• Waaree Renewable experiences a surge following the government's announcement of a scheme to install rooftop solar systems for 10 million Indian households.
• HDFC Bank plans to divest a 2% stake in CAMS between August 2023 and January 2024.
• Nazara Technologies is set to acquire a 100% stake in Comic Con India, expanding its presence in the gaming and entertainment sector.
• Lupin has received tentative approval from the US FDA for Rivaroxaban tablets.
• Andhra Cements is planning to expand its clinker manufacturing capacity to 2.3 million metric tonnes per annum (mtpa) and its cement capacity to 3 mtpa.
• Mastek has partnered with Microsoft to leverage Generative AI and transform industries through innovative solutions.
• EPACK Durable IPO was subscribed 15.82 times on the last day of bidding.
• Nova AgriTech IPO subscribed 26.70 times on Day 2 of the bidding.

Q3 Result Update 

Upcoming Result on 25th January 2024

• 20 Microns 
• ACC 
• Adani Power 
• Aeroflex Industries 
• Archidply Industries 
• Asahi India Glass 
• Automotive Stampings and Assemblies 
• Astec LifeSciences 
• AU Small Finance Bank 
• Chembond Chemicals Ltd
• Cholamandalam Finance 
• Cyient 
• D.B.Corp 
• Elecon Engineering
• Equitas Small Finance Bank 
• IEX 
• IFB Industries 
• IGL 
• India Grid Trust
• Intellect Design Arena 
• ION Exchange (India) 
• Jayaswal Neco Industries 
• JSW Steel 
• Kabra Extrusion Technik 
• Kfin Technologies 
• Kriti Industries (India) 
• Kriti Nutrients 
• LT Foods 
• Maharashtra Scooters 
• Vedant Fashions (Manyavar) 
• Punjab National Bank
• Premier Polyfilm 
• Privi Speciality Chemicals 
• Prudent Corporate Advisory Services 
• Rane (Madras) 
• R. S. Software (India) 
• Rushil Decor 
• SBFC Finance 
• SBI Cards  
• SBI Life  
• Shakti Pumps (India) 
• Shriram Finance 
• Sterlite Technologies 
• Surana Telecom and Power 
• Swaraj Engines 
• Syngene International 
• Tata Technologies 
• TVS Holdings 
• Univa Foods 
• Vedanta Ltd

Results Declared

• Indian Oil Corporation's Q3 net profit soared 18x YoY to Rs 8,063 crore. 
• MAS Financial witnessed profit-booking despite a 24% YoY profit surge in Q3FY24. 
• Sharda Cropchem's net profit plunged 96% to Rs 4.6 crore with a 38% decline in Q3 revenue. 
• Redtape reported a 14.4% YoY growth in Q3 net profit to Rs 61 crore. 
• Bharat Dynamics saw a 61% increase in Q3 net profit to Rs 135 crore with a 30% rise in revenue.
• Indian Bank's Q3 net profit rose 52% to Rs 2,119 crore, and Net Interest Income increased by 5.7%. 
• Indian Overseas Bank's Q3 net profit grew by 30.2% to Rs 722.6 crore, with Net Interest Income up by 5.5%. 
• Kolte-Patil Developers' Q3 net loss widened to Rs 62.9 crore, and revenue dropped 79.4% to Rs 75.8 crore YoY. 
• Exide Industries reported a 7.5% increase in Q3 net profit to Rs 240 crore, with a 12.6% rise in revenue. 
• Ujjivan Small Finance Bank's Q3 net profit was up 2.4% at Rs 300 crore, and NII increased by 23%. 
• Canara Bank's Q3 net profit rose 27% to Rs 3,656 crore, and Net Interest Income increased by 9.5%. 
• Cyient DLM reported a 26% increase in Q3 net profit to Rs 18.4 crore, and revenue grew by 10%. 
• Laurus Labs' Q3 net profit declined by 88.7% to Rs 23 crore, with a 22.6% reduction in revenue. 
• UCO Bank's Q3 net profit was down 23% at Rs 502.8 crore compared to Rs 653 crore YoY.
• Tech Mahindra's net profit showed a 3% QoQ increase but witnessed a significant 61% YoY decline.
• Bajaj Auto reported a Q3FY24 net profit increase of 37% YoY, reaching Rs 2,042 crore, driven by robust sales.
• Dalmia Bharat's net profit has risen by 24.3% to Rs 266 crore.
• TVS Motor reported a significant jump in net profit, recording a 68% YoY increase to Rs 593 crore in Q3.

Date: 23 January 2024 Stock Market Highlights

The Indian stock market continued its decline from the previous session, with both the Sensex and Nifty 50 experiencing a 1.5 percent drop. 

• The Sensex dropped by 1,053.10 points (1.47%), and closed at 70,370.55.
• Nifty experienced a decrease of 333 points, a 1.54% decline, closing at 21,238.80.
• Bank Nifty ended the trading session with a decline of 1,043.15 points (2.26%), closing at 45,015.05.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

52 Week Low Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 3,115.39 Cr
DII Net Purchase is of Rs 214.40 Cr

Market Roundup For The Day

Sector Update

• All sectoral indices, except pharma, closed in the red.
• BSE Midcap and Smallcap indices both saw a nearly 3 percent decline.

Stock Update

• JSW plans to invest Rs 40,000 crore in Odisha to build factories for electric vehicles. 
• Sony Group has ended its merger with Zee Entertainment, asking for a termination fee of $90 million. The stock dropped 32% during the day.
• Elecon Engineering secured a Rs 82-crore project from Arcelor Mittal Nippon Steel India.
• Keystone Realtors has won a redevelopment project in Mumbai.
• Kolte Patil has acquired two new society redevelopment projects.
• PSP Projects is the lowest bidder for a Rs 445 crore project
• Vascon Engg bagged a construction project worth Rs 416 crore from Capgemini Technology. 
• Ashoka Buildcon has received a Letter of Award from CIDCO for a project worth Rs 662.55 crore.
• ONGC's board has approved the formation of a subsidiary and a joint venture with NTPC. 
• Cipla's subsidiaries in the UK and the Netherlands have jointly incorporated 'Mexicip S.A. de C.V.,' a wholly-owned subsidiary in Mexico. 
• Hero Moto Corp has announced new launches as part of their 40th-anniversary celebration.
• Medi Assist Healthcare IPO listed on the NSE at a price of Rs 460 per share against the issue price of Rs 418. During the day it touched a high of Rs 518 and closed at Rs 464.10.
• EPACK Durable IPO was subscribed 3.78 times on the second day of bidding after being extended by one day due to holiday on 22nd January.
• Nova AgriTech IPO subscribed 10.17 times on Day 1 of the bidding.

Q3 Result Update 

Upcoming Result on 24th January 2024

• Aarti Drugs 
• Andhra Cements 
• Ausom Enterprise 
• Bajaj Auto 
• Balkrishna Industries 
• Bharat Dynamics 
• Blue Dart Express 
• Birlasoft 
• Canara Bank
• CARE Ratings 
• CEAT 
• Chalet Hotels 
• CMS Info Systems 
• Container Corporation of India (Concor) 
• Cybertech Systems And Software 
• Dalmia Bharat 
• DCB Bank 
• DLF 
• Eimco Elecon (India) 
• Epigral 
• Exide Industries 
• Ginni Filaments 
• Heubach Colorants India 
• Indian Bank
• Indosolar 
• IndoStar Capital Finance 
• InfoBeans Technologies 
• Indian Oil Corporation 
• ISMT Ltd
• JSW Holdings 
• Kapston Services 
• Kirloskar Pneumatic Company 
• Kolte - Patil Developers 
• Laurus Labs 
• Laxmi Organic Industries 
• MAS Financial Services 
• Motilal Oswal Financial Services 
• Powergrid Infrastructure Investment Trust
• PNB Gilts 
• PNB Housing Finance 
• Premier Explosives 
• Quick Heal Technologies 
• Railtel Corporation Of India 
• Rainbow Childrens Medicare 
• Redtape 
• Sagar Cements 
• Sarla Performance Fibers 
• SBC Exports 
• Sharda Cropchem 
• Share India Securities 
• Tata Steel 
• Tech Mahindra 
• T T Ltd
• TVS Motor Company 
• UCO Bank
• Ujjivan Small Finance Bank 
• Vardhman Textiles 
• Wanbury 
• Wealth First Portfolio Managers 

Results Declared

• Cipla witnesses a 32% YoY surge in net profit to Rs 1,068 crore, beating estimates.
• Coforge records a robust QoQ profit surge of 31.5% to Rs 238 crore, driven by a strong operating performance.
• Colgate-Palmolive reports a 36% YoY growth in Q3 profit, reaching Rs 330 crore.
• IDFC First Bank sees an 18% YoY increase in Q3 profit to Rs 716 crore, with stable asset quality.
• VST Industries experiences a 32% YoY decline in Q3 net profit at Rs 53.7 crore, while revenue shows a 4.9% increase at Rs 362.6 crore.
• Indoco Remedies records a 42% YoY decrease in Q3 net profit at Rs 16.3 crore, despite a 15.1% increase in revenue at Rs 459.4 crore.
• Granules India reports marginal 1% YoY growth in Q3 net profit at Rs 125.6 crore, with a slight 0.8% increase in revenue at Rs 1,155.5 crore.
• Rossari Biotech achieves a 34% YoY growth in Q3 profit, reaching Rs 34.4 crore.
• Navkar Corporation reports a Q3 net loss at Rs 14.8 crore against Rs 42.3 crore YoY.
• Lloyds Metals and Energy sees a 44% YoY jump in Q3 profit to Rs 331.6 crore.
• REC records a 13.6% jump in Q3 net profit to Rs 3,269.3 crore, with net interest income rising 18% to Rs 4,159 crore.
• Century Enka posts a 53% YoY decline in Q3 net profit at Rs 4.7 crore, with a 3.8% decrease in revenue at Rs 450.6 crore.
• Gravita reports a 21% YoY increase in Q3 net profit at Rs 60.3 crore, with revenue rising 4% to Rs 757.7 crore compared to Rs 789.3 crore.
• CG Power announces Q3 results with a significant increase in net profit at Rs 747.5 crore compared to Rs 227.8 crore (YoY), accompanied by a 12.9% rise in revenue at Rs 1,978.7 crore, up from Rs 1,752.5 crore (YoY).
• Lloyds Engineering Works reports substantial growth in Q3 net profit, reaching Rs 27 crore compared to Rs 12.7 crore (YoY), with revenue showing a remarkable increase at Rs 201.4 crore, up from Rs 58.4 crore (YoY).
• MPS announces steady Q3 results with flat net profit at Rs 30 crore and a modest 1.3% YoY increase in revenue, reaching Rs 133.8 crore compared to Rs 132 crore.
• Axis Bank's third-quarter results show a 4% increase in net profit, and the health of its assets remains strong.
• Rallis India has reported a 9% increase in net profit for the third quarter, reaching Rs 24 crore.
• Tata Elxsi's net profit for the quarter ending December increased by 3.2% quarter-on-quarter and 6% year-on-year to Rs 206.4 crore.

Date: 20 January 2024 Stock Market Highlights

The Indian stock market indices relinquished a portion of the gains from the preceding session, concluding lower in a volatile trading session conducted on a Saturday.

• Sensex fell by 260 points, representing a 0.36% decline, and closed at 71,425.
• Nifty experienced a decrease of 37 points, reflecting a 0.17% decline, closing at 21,586.
• Bank Nifty ended the trading session with a surge of 357.05 points, closing at 46,058.20.

The stock market will be closed on Monday on account of Ram Mandir’s “Pran Pratishtha” ceremony in Ayodhya. The Commodities market will open for the evening session at 5:00 PM.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 545.58 Cr
DII Net Sale is of Rs 719.31 Cr

Market Roundup For The Day

Sector Update

• Positive movement in bank, metal, and power sectors with gains ranging from 0.5-1%.
• Declines observed in FMCG, Information Technology, pharma, and realty sectors range from 0.4 to 1%.
• BSE Midcap and Smallcap indices both experienced a 0.4% increase.

Stock Update

• AstraZeneca Pharma India Limited has been approved by the Central Drugs Standard Control Organisation to import and distribute new pharmaceutical formulations under Form CT-20.
• RITES has secured a construction order valued at Rs 414 crore for IIT Bhubaneswar.
• Godawari Power has received approval from the Chhattisgarh Environment Conservation Board.
• HFCL has secured a purchase order valued at Rs 623 crore from a domestic telecom service provider.
• A subsidiary of KPI Green Energy has won an order to implement a 5.60 MW solar power project from Shree Varudi Paper Mill.
• Fortis Healthcare's subsidiary, Agilus, has received a notice from the Anti-Corruption Branch of the Delhi government.
• Persistent Systems announced its stock split in the ratio of 1:2. They also announced an interim dividend of Rs 32 per share.
• Nova AgriTech IPO opens for subscription on 23rd January 2024. For a complete understanding, check our blog on Nova AgriTech IPO.
• Medi Assist Healthcare IPO to list on the exchanges on 23rd January 2024.

Q3 Result Update 

Upcoming Result on 23rd January 2024

• Apcotex Industries 
• Agro Tech Foods 
• Axis Bank 
• Bigbloc Construction 
• Bliss GVS Pharma 
• Century Enka 
• CG Power
• Cupid 
• Cyient DLM 
• Integra Essentia 
• Gandhar Oil Refinery (India) 
• Global Education 
• Glenmark Life Sciences 
• Granules India 
• Gravita India 
• Havells India 
• ICRA 
• Indoco Remedies 
• Indus Towers 
• Infibeam Avenues 
• JSW Energy 
• KEI Industries 
• Karnataka Bank 
• L&T Finance Holdings 
• Lloyds Engineering Works 
• MCDOWELL-N
• Mahanagar Gas 
• MPS 
• Muthoot Capital Services 
• NACL Industries 
• Navkar Corporation 
• Netweb Technologies India 
• NK Industries 
• Orient Bell 
• Pidilite Industries 
• Hitachi Energy India 
• Puravankara 
• RADIOCITY
• Rallis India 
• REC 
• ROUTE MOBILE 
• RattanIndia Power 
• Sasken Technologies 
• Sona BLW Precision Forgings 
• Tanla Platforms 
• Tata Elxsi 
• TIPS Industries 
• Ugro Capital 

Results Declared

• Aarti Surfactants recorded a 67.5% YoY increase in Q3 net profit to Rs 6.7 crore, with a 3.9% rise in revenue to Rs 138.8 crore.
• In Q3, Kotak Mahindra Bank saw a 7.6% YoY increase in net profit, reaching Rs 3,005 crore compared to Rs 2,791.9 crore. The Net Interest Income (NII) also rose by 15.9% to Rs 6,554 crore from Rs 5,652.9 crore in the same period.
• CreditAccess Grameen reported a significant increase in Q3 profits, with a 64% year-over-year jump to Rs 353 crore.
• Sunteck Realty reported a Q3 loss of Rs 9.7 crore due to challenges in operating performance and a decrease in the topline.
• Tejas Networks recorded a widened Q3 loss of Rs 44.9 crore, which was attributed to higher input costs. However, the company saw a significant revenue surge, up 104% YoY.
• Reliance Industries reported a 10.9% year-over-year growth in Q3 profit, reaching Rs 19,641 crore.
• IDBI Bank reported a strong Q3 performance with a 57.3% YoY increase in net profit to Rs 1,458.2 crore and a 17.4% rise in Net Interest Income (NII) to Rs 3,434.5 crore.
• IREDA's Q3 results showed a 67.2% increase in net profit to Rs 335.5 crore and a 44.2% growth in revenue to Rs 1,252.9 crore YoY.
• Can Fin Homes posted positive Q3 results with a 32% YoY increase in net profit, reaching Rs 200 crore compared to Rs 151 crore. The net interest income also grew by 30.6%.
• In the third quarter, Rajratan Global Wire saw a 10.5% decrease in net profit, Rs 19.7 crore compared to Rs 22 crore. On the positive side, the company experienced a 16.4% increase in revenue.
• Union Bank posted a strong performance in the December quarter with a net profit of Rs 3,590 crore, reflecting a substantial 60% year-on-year increase.
• JK Cement reported a net profit of Rs 284 crore for the third quarter (Q3).
• Tatva Chintan Pharma's Q3 net profit fell by 69.8% to Rs 3.5 crore, and its revenue declined by 30.2% to Rs 84.2 crore compared to the same period last year.
• In the third quarter, ICICI Bank made a profit of Rs 10,272 crore, and its Net Interest Income (NII) was Rs 18,679 crore.
• Persistent Systems reported positive Q3 results with a 20% year-over-year increase in net profit, reaching Rs 286 crore. The company's revenue showed a 15% growth compared to the same period.

Date: 19 January 2024 Stock Market Highlights

Benefiting from optimistic global cues and widespread buying across various sectors, the benchmark indices snapped a three-day losing streak to conclude positively.

• Sensex saw a positive movement, rising by 496.37 points, or 0.70%, to reach 71,683.23.
• Nifty recorded a gain of 160.10 points, or 0.75%, closing at 21,622.40.
• Bank Nifty ended the trading session flat, falling by 12.40 points and closing at 45,701.15.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 3,689.68 Cr
DII Net Purchase is of Rs 2,638.46 Cr

Market Roundup For The Day

Sector Update

• Sectoral indices, including auto, capital goods, IT, FMCG, metal, oil & gas, and power, all closed higher by 1-2%.
• BSE Midcap and Smallcap indices both saw a 1% increase.

Stock Update

• JK Cement faces a tax order of Rs 175.5 crore for the assessment year 2022 from the Income Tax department.
• The Ministry of New and Renewable Energy designates REC as the overall Programme Implementation Agency for its Rooftop Solar programme.
• Shilpa Medicare obtains marketing authorization from Germany for Amifampridine tablets.
• Wipro signs a definitive agreement to subscribe for a 14% stake in Huoban Energy 11.
• CE Info Systems (MapmyIndia) secures an order worth Rs 400 crore..
• Shalby is set to acquire a majority stake in PK Healthcare.
• Goa Carbon temporarily shuts its Paradeep (Orissa) Unit.
• Lupin receives US FDA approval for Febuxostat tablets.
• Glenmark Life Sciences signs a master supply agreement with a Japanese innovator pharma company.
• HUL enters into transaction documents to acquire a 27.73% stake in Transition Sustainable Energy Services One.
• Avantel receives a supply order worth Rs 5.30 crores from Naval Headquarters, Ministry of Defence.
• Surya Roshni wins a Rs 52.96 crore order from HPCL.
• Ramco Systems enters a non-exclusive arrangement with BDO India LLP to explore domestic and international opportunities.
• EPACK Durable IPO subscribed 0.80 times on the first day of bidding.

Q3 Result Update 

Upcoming Result on 20th January 2024

• 3P Land Holdings 
• Aarti Surfactants 
• Can Fin Homes 
• ICICI Bank 
• IDBI Bank 
• IDFC First Bank 
• IREDA
• The Jammu & Kashmir Bank 
• JK Cement 
• Kewal Kiran Clothing 
• Kotak Mahindra Bank 
• Navkar Corporation 
• Persistent Systems 
• PIL ITALICA LIFESTYLE 
• Rajratan Global Wire 
• Rossari Biotech 
• Sesha Paper 
• Sportking India 
• Supreme Infrastructure India 
• Tatva Chintan Pharma Chem 
• Union Bank of India

Upcoming Result on 22nd January 2024

• Allsec Technologies 
• Bharat Wire Ropes 
• Chennai Petroleum 
• Coforge 
• Colgate Palmolive (India) 
• Control Print 
• Gensol Engineering 
• IIFL Securities 
• Indbank Merchant Banking Services 
• Karur Vysya Bank 
• Lloyds Metals And Energy 
• Man Industries (India) 
• Monarch Networth Capital 
• Mangalore Refinery and Petrochemicals 
• N R Agarwal Industries 
• Oberoi Realty 
• Oriental Hotels 
• Spandana Sphoorty Financial 
• SRG Housing Finance 
• Tamilnad Mercantile Bank 
• Transformers And Rectifiers (India) 
• VST Industries 
• Zensar Technologies 

Results Declared

• In Q3, Hindustan Zinc reported a net profit of Rs 2,038 crore and revenue of Rs 7,310 crore. However, net profit declined by 6% YoY to Rs 2,028 crore, and revenue witnessed a 7% decrease.
• Atul's Q3 results showed a net profit of Rs 70.9 crore, reflecting a 32.5% decline from Rs 105 crore. Revenue amounted to Rs 1,137.8 crore, marking a 10.3% decrease compared to Rs 1,268 crore in the same period last year.
• UltraTech Cement reported robust Q3 financials, with a significant 67% increase in net profit to Rs 1,775 crore, compared to Rs 1,063 crore last year. 
• Hatsun Agro Products reported positive Q3 earnings, with a 23.7% increase in net profit, reaching Rs 57.4 crore compared to Rs 46.4 crore, and an 11.3% growth in revenue at Rs 1,887.5 crore as opposed to Rs 1,695.2 crore YoY.
• Supreme Industries also posted strong Q3 results, with a 22% rise in net profit, reaching Rs 256.2 crore from Rs 210 crore, and a 6% increase in revenue to Rs 2,449 crore compared to Rs 2,311 crore YoY.
• Central Bank of India reported a significant 56.7% increase in net profit at Rs 717.9 crore compared to Rs 458.2 crore. However, Net Interest Income (NII) experienced a 4% decline, amounting to Rs 3,151.8 crore versus Rs 3,284.5 crore YoY.
• Shree Digvijay Cement recorded a net profit of Rs 31.4 crore, showing substantial growth from Rs 10.2 crore, but revenue decreased by 7.3% to Rs 191.3 crore compared to Rs 206.4 crore YoY.
• Finolex Industries witnessed a 20% YoY increase in Q3 profit, reaching Rs 95.4 crore.
• Supreme Petrochem saw a 25% YoY decline in Q3 profit, totaling Rs 67.7 crore.
• Prime Securities had a good Q3, with net profit increasing to Rs 7.9 crore from Rs 3.9 crore, and revenue growing by 11.6% to Rs 16.3 crore compared to Rs 14.6 crore in the previous year.
• In Q3, RBL Bank reported a net profit of Rs 233 crore, along with Net Interest Income (NII) amounting to Rs 1,546 crore.
• Hindustan Unilever Limited (HUL) revealed a standalone net profit of Rs 2,519 crore for the third quarter, showing a marginal 0.55% increase YoY. However, this performance fell short of the estimated figures.
• In Q3, Shoppers Stop reported a decline in profit, recording Rs 36.85 crore, representing a 41% decrease. However, the company experienced an 8.8% growth in revenue during the same period.
• Onward Technologies reported a 1.47% decrease in net sales at Rs 114.09 crore in December 2023 compared to December 2022, while quarterly net profit surged by 176.03% to Rs 6.79 crore.
• Paytm reported a positive Q3 with a 38% rise in consolidated revenue to Rs 2,850 crore. Losses significantly reduced to Rs 221 crore from Rs 392 crore year-on-year.
• Reliance Jio's Q3 profit increased by 12.3% to Rs 5,208 crore, with a 10.3% rise in revenue to Rs 25,368 crore. The company added 11.2 million users, totaling 470.9 million.

Date: 18 January 2024 Stock Market Highlights

On January 18, the equity benchmarks concluded the day on a downtrend for the third consecutive time, even after experiencing a mid-session rebound. 

• Sensex recorded a decline of 313.90 points, or 0.44 percent, closing at 71,186.86. 
• Nifty experienced a decrease of 109.70 points, or 0.51 percent, settling at 21,462.30.
• Bank Nifty fell by 350.90 points, a drop of 0.76%, closing at 45,713.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 9,901.56 Cr
DII Net Purchase is of Rs 5,977.12 Cr

Market Roundup For The Day

Sector Update

• Bank, FMCG, IT, metal, and power sectors saw a 0.3-1% decline.
• Auto, capital goods, healthcare, oil & gas, and realty experienced gains of 0.3-0.7%.
• BSE midcap and smallcap indices remained flat.

Stock Update

• An ONGC subsidiary secures a $420 million loan from DBS Bank and Bank of Baroda.
• Balaji Amines attains BIS certification for its product Morpholine from the Bureau of Indian Standards.
• Uniparts India's U.S. subsidiary clinches a $1.2 million order from Doosan Bobcat North America Inc.
• RailTel Corporation of India secures a work order worth Rs 82.4 crore from South Central Railway.
• Intellect Design Arena inaugurates its state-of-the-art Artificial Intelligence (AI) led innovation centre in GIFT CITY, a Global Finance and IT hub.
• Ashok Leyland receives an order for 1,225 buses from Karnataka State Transport.
• DRC Systems India's board approves the issuance of bonus shares in the ratio of 2:1.
• Ajmera Realty and Rustomjee collaborate for the joint redevelopment of a society in Bandra.
• Mahindra and Mahindra's subsidiary, Mahindra Aerostructures, signs a contract with Airbus to manufacture and deliver metallic components.
• Zydus obtained final approval from the USFDA for Pimavanserin Capsules.
• Welspun Corp's associate company, EPIC, KSA, secures orders worth Rs 3,000 crore.
• The government plans to sell a 3.5% stake in NHPC via an offer for sale, with a floor price set at Rs 66; retail investors can bid tomorrow.
• Zaggle Prepaid Ocean Services partners with Torrent Gas to implement a closed-loop fleet program.
• Indoco Remedies receives an Establishment Inspection Report (EIR) from the USFDA for its manufacturing facility at Goa Plant-I.
• Dynamatic Technologies and Dassault Aviation signed a long-term contract to manufacture and assemble flight-critical aerostructures for Falcon 6X.
• EPACK Durable IPO will open for subscription tomorrow. For a complete overview, check our blog on EPACK Durable IPO.

Q3 Result Update 

Upcoming Result on 19th January 2024

• Atul 
• Axita Cotton 
• Bombay Super Hybrid Seeds 
• Central Bank of India
• CESC 
• Credit Access Grameen 
• Gujarat Lease Financing 
• Hatsun Agro Product 
• HUL
• Hindustan Zinc 
• HT Media 
• Intense Technologies 
• Onward Technologies 
• One 97 Communications (Paytm) 
• Ponni Sugars (Erode) 
• Prime Securities 
• RBL Bank 
• Reliance Industries 
• SecUR Credentials 
• Shree Digvijay Cement Co.Ltd
• Sigachi Industries 
• Sunteck Realty 
• Supreme Industries 
• Tejas Networks 
• UltraTech Cement 
• Virinchi 
• Websol Energy System 
• Wendt (India) 

Results Declared

• In Q3, Jindal Stainless experienced a 10.6% QoQ dip in net profit to Rs 692.3 crore from Rs 774 crore and a 6.8% QoQ decrease in revenue, amounting to Rs 9,127.5 crore compared to Rs 9,797 crore. 
• Polycab India's Q3 results showcase a 15.7% YoY rise in net profit to Rs 416.5 crore from Rs 361 crore, along with a significant 16.8% YoY growth in revenue, reaching Rs 4,340 crore compared to Rs 3,715 crore.
• Sterling & Wilson records a reduced Q3 loss of Rs 63.7 crore from Rs 101.2 crore YoY, coupled with a substantial YoY revenue growth of 43.2% at Rs 582.9 crore against Rs 407 crore. 
• Mastek reports a Q3 net profit surge of 19.5% QoQ to Rs 75.3 crore and a 2.5% QoQ increase in revenue to Rs 784.3 crore.
• Ramkrishna Forgings announces a 43% YoY increase in Q3 net profit at Rs 87 crore and a 36% YoY rise in revenue at Rs 1,058 crore. 
• Tata Communications discloses Q3 results with a significant decline in net profit to Rs 45 crore compared to Rs 394 crore YoY, accompanied by a substantial YoY revenue growth of 24.4% at Rs 5,633 crore versus Rs 4,528.3 crore.
• Speciality Restaurants witnesses a 10% YoY decline in Q3 profit to Rs 13.83 crore. 
• LTIMindtree records a 0.6% QoQ profit growth to Rs 1,169 crore, with a 1.2% increase in revenue. 
• Oracle Financial Services Software reports a 69% YoY surge in Q3 profit to Rs 741 crore. 
• IIFL Finance sees a 17% YoY profit decline to Rs 131.7 crore, but revenue grows by 18%. 
• Indiamart Intermesh reveals a 28.2% YoY decrease in Q3 net profit to Rs 81 crore compared to Rs 112.8 crore, with a 21.4% YoY increase in revenue at Rs 305 crore versus Rs 251.4 crore.
• South Indian Bank witnesses a remarkable 197.42% surge in Q3 net profit, reaching Rs 305.6 crore, while maintaining a robust and healthy asset quality.
• IndusInd Bank reports a 17% surge in net profit to Rs 2,301 crore in Q3, while maintaining a healthy asset quality.
• Poonawalla Fincorp reveals Q3 results with a noteworthy 76% year-on-year increase in Profit After Tax (PAT) to Rs 265 crore.

Date: 17 January 2024 Stock Market Highlights

On January 17, the Indian market experienced its most significant single-day decline in 18 months. The lackluster performance of HDFC Bank in the third quarter catalyzed a downturn in the banking sector, unsettling equity benchmarks.

• Sensex declined by 1,628.01 points, a 2.23% drop, closing at 71,500.76.
• Nifty saw a decrease of 460.30 points, down by 2.09%, closing at 21,572.
• Bank Nifty fell by 2060.65 points, a huge drop of 4.28%, closing at 46,064.45.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 10,578.13 Cr
DII Net Purchase is of Rs 4,006.44 Cr

Market Roundup For The Day

Sector Update

• IT was the only sector that didn't see a decline in indices.
• Auto, metal, oil & gas, and realty indices were down by 1-2 percent.
• BSE midcap and smallcap indices both dropped by 1 percent.

Stock Update

• Godrej Properties acquires an additional 1 acre of land in Bengaluru.
• UltraTech Cement establishes a wholly-owned subsidiary, Letein Valley Cement.
• Karnataka Bank and Clix Capital enter a co-lending partnership through the Yubi platform.
• The MAS Financial Services board approves the issuance of bonus shares at a 2:1 ratio.
• Adani Group companies sign MoUs worth Rs 124 billion with the Telangana Government.
• Aurobindo Pharma receives marketing authorization for biosimilar trastuzumab.
• PTC Industries arm signs an agreement with France-based Dassault Aviation.
• L&T Construction secures orders for its buildings & factories business.
• BPCL's Singapore-based unit proposes a tender offer of $120 million.
• Sun Pharma partners with Bayer to market and distribute a second brand of Finerenone in India.
• Bharat Electronics Limited (BEL) received a Rs. 695 Crore order from Mazagon Dock Shipbuilders for missile system spares.
• PSP Projects emerges as the lowest bidder for a Rs 631 crore project from RVNL.
• Medi Assist Healthcare Services IPO subscribed 16.25 times on the final day of the bidding.

Q3 Result Update 

Upcoming Result on 18th January 2024

• 360 ONE WAM 
• Accelya Solutions India 
• Aurum PropTech 
• Dhampur Bio Organics 
• DRC Systems India 
• Finolex Industries 
• Home First Finance Company India 
• Indiamart Intermesh 
• IndusInd Bank 
• Jindal Stainless 
• Ksolves India 
• Mastek 
• Metro Brands 
• Nath Bio-Genes (India) 
• Polycab India 
• Poonawalla Fincorp 
• Ramkrishna Forgings 
• Shoppers Stop 
• The South Indian Bank 
• Supreme Petrochem 
• Surana Solar 
• Sterling and Wilson Renewable Energy 
• Tata Communications

Results Declared

• Steel Strips Wheels reported a 36% increase in Q3 net profit to Rs 59.4 crore and an 18.3% rise in revenue to Rs 1,110 crore YoY.
• Asian Paints recorded a 34.4% surge in Q3 net profit, reaching Rs 1,475.16 crore, coupled with a 5.4% increase in revenue.
• Network 18 Media & Investments saw a 4.15% decline in Q3 net sales to Rs 1,773.73 crore from Rs 1,850.49 crore in December 2022. The quarterly net loss rose significantly to Rs 58.08 crore, marking a 656.25% decrease from December 2022.
• Den Networks reported Q3 net sales of Rs 272.94 crore (down 1.43%) and a net profit of Rs 47.28 crore (down 3.53%) compared to December 2022.
• TV18 Broadcast reports a Q3 loss of Rs 55.8 crore as revenue declines by 5.2% to Rs 1,676.2 crore.
• ICICI Lombard posted a 22.4% rise in net profit to Rs 431 crore for the third quarter ending December.

Date: 16 January 2024 Stock Market Highlights

On January 16, the Indian equity markets concluded with a downturn, putting an end to a five-day winning streak.

• Sensex dropped by 199.17 points (0.27%) to 73,128.77.
• Nifty declined by 65.20 points (0.30%) to 22,032.30.
• Bank Nifty fell by 33.20 points, closing at 48,125.10.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 656.57 Cr
DII Net Sale is of Rs 369.29 Cr

Market Roundup For The Day

Sector Update

• Metal and oil & gas sectors each gained nearly 1%.
• Power, realty, healthcare, and IT sectors each declined by 0.5-1.5%.
• BSE Midcap and Smallcap indices both saw a 0.3% loss.

Stock Update

• Route Mobile will issue a corporate guarantee to ICICI Bank and ICICI Bank Plc for a loan facility by its UK subsidiary.
• NBCC secures orders worth Rs 138.95 crore.
• Maruti Suzuki raises prices across its models, effective from January 16.
• Usha Martin saw an increase in stock value after its Thai subsidiary acquired a stake in a wire company.
• Capri Global Capital Ltd (CGCL) surges 12% as it obtains a license to distribute life, general, and health insurance products.
• L&T Construction secures a significant contract from a Japanese agency.
• Sarda Energy & Minerals bags a contract worth Rs 150 crore.
• Jyoti CNC Automation lists at Rs 370, reflecting a 12% premium to the IPO price of Rs 331. The stock closed at Rs 434 after touching a high of Rs 444.
• LIC crossed its listing price of Rs 867 for the first time.
• Vishnu Prakash got a Rs 117 crore project from North Western Railway.
• GQG Partners increased its stake in ITC to 2.79% in the December quarter, up from 1.58% in September.
• IREDA announced a collaboration with Indian Overseas Bank (IOB) to jointly fund renewable energy projects within India.
• Medi Assist Healthcare Services IPO subscribed 1.20 times on the second day of the bidding.

Q3 Result Update 

Upcoming Result on 17th January 2024

• Asian Paints
• LTIMindtree
• ICICI Prudential Life Insurance
• Oracle Financial Services (OFSS)
• IIFL Finance
• Alok Industries
• Happiest Minds Technologies
• Steel Strips Wheels
• Ganesh Housing Corp.
• Som Distilleries & Breweries
• Speciality Restaurants
• JIK Industries
• Mittal Life Style
• Hindustan Media Ventures
• Agri-Tech (India)
• Techindia Nirman

Results Declared

• Federal Bank reports a robust Q3, witnessing a substantial 25% rise in net profit to Rs 1,007 crore, indicative of a healthy asset quality.
• Himadri Specialty Chemicals delivers a notable Q3 performance, with a remarkable 67% increase in net profit and a 1.5% uptick in revenue.
• CE Info Systems (Map My India) records a 4.1% growth in Q3 net profit to Rs 30.8 crore and a 35.9% surge in revenue to Rs 92 crore compared to the previous year.
• Newgen Software announces Q3 earnings, highlighting a 43% boost in consolidated net profit at Rs 68.3 crore and an 11% rise in revenue to Rs 324 crore compared to the previous quarter.
• Bank of Maharashtra reveals Q3 results, with a 34% expansion in net profit to Rs 1,035 crore from Rs 775 crore and a 24.5% increase in Net Interest Income to Rs 2,465 crore from Rs 1,980 crore, YoY.
• HDFC Bank reports strong Q3 results with a notable 33.5% surge in net profit, reaching Rs 16,372 crore, while maintaining stable asset quality.
• L&T Technology Services (L&T Tech) announces Q3 results, revealing a substantial 13% year-on-year increase in net profit to Rs 336 crore, accompanied by a 12% growth in revenue.
• ICICI Securities discloses Q3 results, showcasing a significant 67% surge in net profit at Rs 465 crore, coupled with an impressive 50% jump in revenue.

Date: 15 January 2024 Stock Market Highlights

On January 15, the Indian benchmark indices notched up their fifth consecutive winning session, as both the Sensex and the Nifty achieved new milestones.

• Sensex rose by 759.49 points (1.05%) to close at 73,327.94.
• Nifty gained 203.00 points (0.93%) to end at 22,097.50.
• Bank Nifty surged by 448.50 points (0.94%), closing at 48,158.30.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1,085.72 Cr
DII Net Sale is of Rs 820.69 Cr

Market Roundup For The Day

Sector Update

• Metal sector is the only one that ended in the red.
• IT, PSU bank, and oil & gas sectors saw a 1% increase each.
• Other sectoral indices concluded positively.

Stock Update

• Hampton Sky Realty secures all necessary approvals to commence construction of Hampton Narayana Superspeciality Hospital.  
• Serum Institute of India divests a 0.61% stake in Ravinder Heights.
• Titagarh Rail launches an indigenous 25T Bollard Pull Tug for the Indian Navy.
• Lupin sees a surge following USFDA approval for its hypertension drug.
• DroneAcharya Aerial receives an award from the Indian Army and Ministry of Defence.
• Bharat Heavy Electricals Limited (BHEL) clinches a significant Rs 15,000 crore order from NLC India in Odisha.
• Man Industries secures new orders totaling Rs 400 crore.
• JSW Energy successfully commissions unit-1 (350 MW) of the Ind-Barath Thermal Power Plant.
• Tata Consumer Products announces plans to acquire Capital Foods and Organic India.
• Nippon India acquires shares worth Rs 223 crore in Gillette India.
• Lexdale International divests shares worth Rs 495.4 crore in Nykaa.
• FIEM Industries' board approves a bonus issue in the ratio of 1:1, with the record date set for Feb 28.
• Manorama Industries' board approves a share split, dividing each share into 5.
• Vikas Lifecare's subsidiary, Genesis Gas Solutions, incorporates IGL Genesis Technologies, a joint venture with Indraprastha Gas.
• NBCC secures an order worth Rs 76 crore in Assam.
• LIC receives a tax refund amounting to Rs 25,464 crore.
• Pidilite Industries forms a partnership with Italy-based Syn-Bios.
• The Jyoti CNC Automation IPO will be listed on the bourses tomorrow.
• Medi Assist Healthcare Services IPO subscribed 0.54 times on the first day of the bidding.

Q3 Result Update 

Upcoming Result on 16th January 2024

• HDFC Bank
• ICICI Lombard
• L&T Tech
• Federal Bank
• Bank of Maharashtra
• ICICI Securities
• Himadri Speciality
• Jindal Saw 
• Network 18
• Newgen Software
• C.E. Info Systems (Map My India)
• TV18 Broadcast
• Gallantt Ispat
• Hathway Cable and Datacom
• Credo Brands Marketing (Mufti)
• Goa Carbon
• BLB

Results Declared

• Just Dial witnesses a 22% YoY surge in Q3 profit, reaching Rs 92 crore, with a 19.7% growth in revenue.
• Avenue Supermarts records a 17% YoY jump in Q3 profit, totaling Rs 690 crore.
• PCBL's Q3 earnings reveal a remarkable 52.6% YoY increase in net profit to ₹148 crore and a 21.5% YoY rise in revenue to ₹1,656.8 crore.
• NELCO reports a consolidated net profit of 61 million rupees for Q3, compared to 50 million rupees YoY, alongside a Q3 EBITDA of 163 million rupees versus 152 million rupees YoY.
• Reliance Industrial Infra declares a 50% YoY rise in Q3 net profit at Rs 3 crore, coupled with a 13.9% decrease in income from services, amounting to Rs 14.9 crore compared to Rs 17.3 crore.
• Jio Financial Services has reported Q3 results with a net profit of Rs 293 crore and Net Interest Income (NII) reaching Rs 269 crore.

Date: 12 January 2024 Stock Market Highlights

On January 12, Indian equity indices maintained their upward trajectory for the fourth consecutive day, reaching new record highs. 

• Sensex rose by 847.27 points (1.18%) to 72,568.45.
• Nifty increased by 247.30 points (1.14%) to 21,894.50.
• Bank Nifty surged by 271.45 points (0.57%), closing at 47,709.80.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 340.05 Cr
DII Net Purchase is of Rs 2,911.19 Cr

Market Roundup For The Day

Sector Update

• Auto, power, and healthcare were the only sectors that did not end positively.
• The IT sector saw a notable 5 percent increase.
• Realty and oil & gas indices also experienced gains of 2 percent each.
• BSE midcap and smallcap indices underperformed, showing a modest increase of 0.4 percent each.

Stock Update

• Income Tax Authorities in Mumbai have placed demand orders worth Rs 3,529 crore with LIC. 
• Quess Corp has entered into a Memorandum of Understanding (MoU) with the Department of Gujarat Technical University (GTU). 
• Container Corporation has reported an 8.25% growth in Q3 EXIM volumes. 
• TCS has launched a new AI Experience Zone as part of its efforts to enhance AI readiness. 
• UltraTech Cement is set to acquire 26% equity shares in Amplus Ages for Rs 49 crore. 
• Venus Remedies has obtained new manufacturing authorizations for Docetaxel and Gemcitabine. 
• Cyient has signed an MoU with the Japanese firm SkyDrive Inc. 
• GHCL has inked two MoUs at the Vibrant Gujarat Summit, committing to invest Rs 3,450 crores in Gujarat. 
• Mahindra & Mahindra has approved an investment of up to Rs 630 crore in Mahindra Electric Automobile through a rights issue.
• Tata Power Renewable Energy Ltd is set to invest 70,800 crore in Tamil Nadu
• Wipro announced a dividend of Re 1 per share.

Q3 Result Update 

Upcoming Result on 15th January 2024

• Jio Financial Services
• Angel One
• Jal Balaji Industries
• PCBL
• Choice International
• Kesoram Industries
• Fedbank Financial Services
• Brightcom Group
• Reliance Industrial Infrastructure
• NELCO
• Suraj Estate Developers
• Digicontent
• Infomedia Press

Results Declared

• HDFC Life has reported a net profit of Rs 365 crore for the third quarter, with a net premium income of Rs 15,240 crore.
• Wipro reported a 12% year-on-year decline in net profit, amounting to Rs 2,694 crore for the third quarter of the current fiscal year.
• Aditya Birla Money has posted a net profit of 423 million rupees for the third quarter, a significant increase from 99.5 million rupees in the same period last year.
• JTL Industries recorded a Q3 net profit of 302 million rupees, up from 203 million rupees YoY.
• Bharat Bijlee reported a net profit of 297 million rupees for the third quarter, showing an increase from 231 million rupees year-on-year.
• HCL Tech's reported a 6% rise in net profit, reaching Rs 4,350 crore, with a corresponding 6.5% increase in revenue.

Date: 11 January 2024 Stock Market Highlights

The stock market saw slight gains in another day of uncertain trading, as investors exercised caution leading up to the release of December quarter earnings and US inflation data.

• Sensex went up by 0.09% to reach 71,721.18 points.
• Nifty also increased by 0.13%, reaching 21,647.20 points.
• Bank Nifty surged by 0.16%, closing at 47,438.35.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 865 Cr
DII Net Purchase is of Rs 1,607.08 Cr

Market Roundup For The Day

Sector Update

• BSE capital goods index decreased by 1%, while IT index declined by 0.5%.
• Auto and oil & gas indices each experienced a 1% gain.
• Broader indices, including BSE midcap and smallcap, outperformed main indices, each increasing by 0.7%.

Stock Update

• EaseMyTrip surges by 14% amid tensions in the Maldives, offering discounts on travel within India. 
• Thirumalai Chemicals' subsidiary begins commercial production at its new plant in Dahej. 
• Vedanta-Cairn Oil & Gas submits a Field Development Plan (FDP) to initiate gas production from Jaya, Gujarat. 
• Allied Digital has been chosen as the Master System Integrator for the Ayodhya smart city project. 
• Hero MotoCorp plans to showcase various products on January 23 in Jaipur, including the unveiling of its 440cc motorcycle. 
• RBI grants UGRO Capital the Certificate Of Registration to conduct factoring business. 
• Atul Products initiates operations at its 300 tpd caustic and 50 MW power plant. 
• Unichem Laboratories receives USFDA approval for its Doxazosin tablets. 
• Maruti Suzuki to begin exporting electric vehicles to Europe and Japan this year. 
• Bank of India witnessed a 9% YoY increase in Q3 deposits, reaching Rs 7.1 lakh crore, while advances grew by 11.5%. 
• Dolphin Offshore Enterprises establishes a subsidiary, Beluga International DMCC, in Dubai.
• Polycab shares experienced a 21% decline after the income tax department revealed the detection of approximately Rs 1,000 crore in "unaccounted cash sales" during searches conducted at the company's premises.
• TCS announced an interim dividend of Rs 9 and a special dividend of Rs18.
• Infosys will buy a semiconductor design company for Rs 280 crore.
• Jyoti CNC Automation IPO was subscribed 40.4 times on the final day of bidding.

Q3 Result Update 

Upcoming Result on 12th January 2024

• HCL Tech 
• Wipro
• HDFC Life
• Anand Rathi
• Just Dial
• JTL Industries
• Tata Metalinks
• Den Networks
• Bharat Bijlee
• Hi-Tech Pipes
• Aditya Birla Money
• Tree House Education & Accessories
• Neueon Towers 

Upcoming Result on 13th January 2024

• Avenue Supermarts (D Mart)

Results Declared

• Infosys Q3 net profit falls 7.3% YoY at Rs 6,106 Cr.
• TCS announced a net profit of Rs 11,058 Cr, a 2% rise from the Rs 10,846 Cr earned in the same quarter last year. 
• HDFC AMC reported a jump of 32% in Q3 net profit to Rs 488 crore, revenue jumps 20%
• GTPL Hathway's Q3 earnings show a 37.1% decrease in net profit at ₹23.6 crore and a 24.1% increase in consolidated revenue at ₹850.8 crore (YoY).

Date: 10 January 2024 Stock Market Highlights

The equity benchmarks staged a remarkable recovery during the final hour of trade on January 10. This surge propelled them to close higher, marking the third consecutive session of gains.

• Sensex closed at 71,657.71, up by 0.38%.
• Nifty ended at 21,618.70, marking a 0.34% increase.
• Bank Nifty surged by 118.2 points (0.25%), closing at 47,360.85.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 1,721.35 Cr
DII Net Purchase is of Rs 2,080.01 Cr

Market Roundup For The Day

Sector Update

• Healthcare, information technology, and metal sectors rose by 0.4% each.
• The oil & gas index declined by 0.5%.
• BSE Midcap and Smallcap indices closed slightly higher.

Stock Update

• Karnataka Bank collaborates with Digivriddhi (DGV) for dairy farmer financial services.
• Steel Strips Wheels to acquire AMW Autocomponent Ltd for Rs 138.15 crore.
• Dynacons Systems and Solutions secures Rs 137 crore project from BHEL.
• Cochin Shipyard shares start trading ex-split from today. The company announced 
• Lupin launches Bromfenac Ophthalmic Solution, 0.07% in the US post FDA approval.
• EaseMyTrip ventures into insurance with a new subsidiary - EaseMyTrip Insurance Broker Private Limited.
• Shakti Pumps secures 10th patent for surface helical pump construction.
• Evoq Remedies bags export order worth Rs 136 crore from Marlexx Pharma.
• GHCL Textiles signs MoU with Tamil Nadu Govt for up to Rs 535 crore investment.
• NBCC clinches work order worth Rs 218 crore from National Institute Of Fashion Technology.
• Brahmaputra Infra receives Rs 38.75 crore river protection work order.
• Maruti Suzuki to invest Rs 35,000 crore for a 2nd manufacturing plant in Gujarat.
• Ramkrishna Forgings enters strategic partnership with McKinsey for a 15-month transformation program.
• Chairperson of Adani Group Gautam Adani while speaking at the Vibrant Gujarat Global Summit, announced a Rs 2 Lakh Crore investment in Gujarat.
• Jyoti CNC Automation IPO was subscribed 4.1 times on the second day of bidding.

Q3 Result Update 

Upcoming Result on 11th January 2024

• TCS
• Infosys
• HDFC AMC
• GTPL Hathway
• 5 Paisa Capital
• Plastiblends India

Results Declared

• Delta Corp Q3 profit plunges 59% to Rs 34.48 crore

Date: 9 January 2024 Stock Market Highlights

In the final hour of trading on January 9, profit-taking significantly eroded the morning gains of benchmark indices.

• Sensex closed marginally higher by 0.04% at 71,386.21.
• Nifty ended the day up by 0.15% at 21,544.85.
• Bank Nifty declined by 207.60 (0.44%) points, closing at 47,242.65.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 990.90 Cr
DII Net Purchase is of Rs 104.23 Cr

Market Roundup For The Day

Sector Update

• Nifty Realty gained the most at 2.52%, representing the biggest increase.
• Nifty Healthcare added 1%, contributing positively to the market.
• Nifty Auto advanced around 1%, showing a positive movement.
• Nifty Media experienced the most significant decline, down by 3.32%, primarily due to heavy selling in Zee Entertainment.

Stock Update

• The Bajaj Auto board has given the green light for a share buyback of up to Rs 4,000 crore at Rs 10,000 per share through a tender offer. 
• BEML has secured an order worth Rs 329.87 crore from the Ministry of Defence. 
• Brigade Enterprises has signed MoUs totaling Rs 3,400 crore with the Tamil Nadu government. 
• Aurobindo Pharma has seen an increase in stock value following USFDA relief for its Telangana unit. 
• Cipla has announced a joint venture in the US to develop cell therapy products. 
• Bharat Forge has entered into an MoU with the Tamil Nadu Government for an investment of up to Rs 1,000 crore. 
• IndusInd Bank has introduced the ‘Samman RuPay Credit Card. 
• Bharti Airtel has secured an order from Adani Energy. 
• IRM Energy has signed an MoU with the Tamil Nadu government to invest Rs 858 crore. 
• The Prestige Group has accomplished an impressive 111% Year-over-Year growth, recording sales of Rs 5,326 crore in Q3 FY24.
• Tiger Logistics' board has approved a stock split in the ratio of 1:10. 
• Tata Power's arm has signed two MoUs with the Tamil Nadu Government.
• UPL is set to acquire Corteva Agriscience's solo mancozeb fungicide business, strengthening its fungicide portfolio
• Jyoti CNC Automation IPO was subscribed 2.69 times on the first day of bidding.

Q3 Result Update 

Upcoming Result on 10th January 2024

• Viji Finance

Date: 8 January 2024 Stock Market Highlights

On January 8, the domestic equity benchmarks slipped by approximately one percent amidst subdued global cues.

• Sensex dropped by 670.93 points (0.93%) to 71,355.22.
• Nifty fell by 197.80 points (0.91%) to 21,513.
• Bank Nifty declined by 708.75 points, marking a decline of 1.47% and concluded its session at 47,450.25.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 16.03 Cr
DII Net Purchase is of Rs 155.96 Cr

Market Roundup For The Day

Sector Update

• Nifty Media and Nifty Realty had slight gains, while all other sectors experienced losses.
• Nifty FMCG suffered the most, declining by 1.72%.
• Pharma and Metal sectors dropped by 1% each
• Nifty Financial Services also saw a significant drop of 1.03%.
• BSE Midcap index decreased by 0.8%, while the smallcap index fell by 0.3%.

Stock Update

• Jupiter Wagons secures a substantial Rs 100 crore contract with an esteemed automobile manufacturer.
• ACC finalizes the acquisition of the remaining 55% stake in Asian Concretes & Cements.
• IRDAI grants a license to a subsidiary of Narayana Hrudayalaya, allowing them to operate in the health insurance business.
• LIC receives a GST demand notice of Rs 191 crore from CGST.
• Tata Steel's board approves January 19 as the record date to determine the distribution of company shares to Tinplate shareholders. The company decided to give 33 shares of Tata Steel for every 10 shares of Tinplate. 
• Caplin Steriles obtains USFDA approval for Ofloxacin Otic Solution.
• Precision Wires India has leased new premises in Vapi, Gujarat, for business purposes.
• Adani Wilmar reports a 6% volume growth for Q3, but experiences a 15% decline in revenue.
• Solar Industries secures an order worth Rs 994 crore.
• Power Mech Projects secures an order worth Rs 825 crore from Mahan Energen.
• Chambal Fertilizers announces a buyback at Rs 450 per share, totaling a buyback size of Rs 700 crore.
• The Jyoti CNC Automation IPO will open for subscription tomorrow. The price band is set between Rs 315 and Rs 331 per share, and the lot size is 45 shares. For more information about the IPO, read Jyoti CNC Automation IPO blog.

Q3 Result Update 

Upcoming Result on 9th January 2024

• Delta Corp
• Reliance Home Finance

Date: 5 January 2024 Stock Market Highlights

The Indian stock market continued to rise for a second day on January 5, closing the first week of the year on a positive note.

• Sensex rose by 178.58 points, equivalent to 0.25 percent, reaching 72,026.15. 
• Nifty increased by 52.20 points, or 0.24 percent, and stood at 21,710.80.
• Bank Nifty declined by 36.85 points and concluded its session at 48,159.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1,696.86 Cr
DII Net Sale is of Rs 3,497.62 Cr

Market Roundup For The Day

Sector Update

• IT and Capital Goods indices increased by 1 percent each.
• Pharma and PSU Bank indices declined by 0.3 percent each.
• The BSE midcap index remained unchanged.
• The smallcap index saw a gain of 0.6 percent.

Stock Update

• Suzlon has clinched a fresh order of 225 MW for its 3 MW series from Everrenew Energy Private.
• Kaveri Seed Company has announced a Rs 325 Cr buyback at Rs 725 per share. The stock closed at Rs 662.55 today.
• UFO Moviez India has officially ended its joint venture agreements with Qube Cinema Technologies.
• KPI Green secures an order for a 3 MW solar power project.
• Tata Motors' subsidiary introduces the 'acti.ev' electric vehicle platform.
• Seabright II divests more than half a percent stake in Tracxn Technologies.
• Torrent Pharma has established a subsidiary, Farmacéutica Torrent Colombia SAS, in Colombia.
• ESAF Small Finance Bank registers a 41% year-on-year growth in deposits.
• Supriya Lifesciences attains GMP certification from ANVISA Brazil.
• Dendana Investments Mauritius acquires more than a half percent share in Sobha.
• Sun TV Network announces the merger of Udaya FM with Kal Radio.
• The ex date for Nestle India stock split of 1:10 was today. 

Date: 4 January 2024 Stock Market Highlights

On January 4, following two days of declines, the equity indices rebounded strongly. 

• Sensex rose by 490.97 points to 71,847.57, a 0.69% increase.
• Nifty climbed 141.30 points to 21,658.60, marking a 0.66% increase.
• Bank Nifty increased by 490.90 points, marking a surge of 1.03% and concluded its session at 48,195.85.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1513.41 Cr
DII Net Sale is of Rs 1,387.36 Cr

Market Roundup For The Day

Sector Update

• Realty index surged by 6.6%, power index rose by 2%.
• Banking, capital goods, healthcare, and oil & gas indices gained between 0.5% to 1%.
• BSE Midcap and smallcap indices both increased by 1%, reaching new record highs.

Stock Update

• SMG, a subsidiary of Maruti Suzuki, has been issued an adjudication order worth Rs 173.9 crore by the Gujarat GST Authority.
• Chambal Fertilisers will review a potential share buyback on January 8.
• Dhampur Sugar announces its maiden buyback of Rs 30 Cr at Rs 300 per share. The record date is fixed on 17th January 2024.
• NHPC has entered into a MoU with Gujarat Power Corporation (GPCL) for a planned investment of Rs 4,000 crore in the Kuppa Pumped Storage Project.
• Torrent Power reaches a 52-week high following a significant Rs 47,350 crore green energy deal with Gujarat.
• L&T has finalized the sale of its entire stake in L&T Infrastructure Engineering to STUP Consultants.
• Jio Financial & BlackRock Financial Management has applied for a mutual fund license with SEBI.
• LIC has been issued a GST demand totaling Rs 667.5 crore by GST authorities in Tamil Nadu, Uttarakhand, and Gujarat.
• Balaji Amines has received approval for expansion from the Maharashtra Government.
• LTIMindtree has received a GST demand and penalty order totaling Rs 206 crore.
• NBCC secures an order valued at Rs 101 crore.
• In October 2023, Vodafone Idea lost 20.4 lakh users. Meanwhile, Reliance Jio gained 31.6 lakh users, and Bharti Airtel added 3.5 lakh users that month.
• Persistent Systems has partnered with Amazon Web Services (AWS) for several years to speed up innovation and develop AI solutions for clients.
• DCM Shriram has committed to investing Rs 12,000 crore in Gujarat by 2028.
• The Defence Ministry has sealed a contract worth Rs 473 crore with Jupiter Wagons and another contract worth Rs 329 crore with BEML.

Date: 3 January 2024 Stock Market Highlights

The second consecutive day saw domestic stocks facing selling pressure, leading to losses in benchmark indices on January 3. This cautionary trend precedes the upcoming third-quarter earnings season, set to commence next week.

• Sensex dropped 535.88 points, a 0.75% decrease, closing at 71,356.60.
• Nifty fell 148.45 points, a 0.69% decline, ending at 21,517.35.
• Bank Nifty decreased by 56.70 points, marking a decline of 0.12% and concluded its session at 47,704.95.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 666.34 Cr
DII Net Sale is of Rs 862.98 Cr

Market Roundup For The Day

Sector Update

• Nifty Realty saw the largest increase, up by 1.23%.
• Nifty PSU Bank and Nifty Pharma also experienced gains.
• Nifty IT and Nifty Metal faced significant declines.

Stock Update

• Hero MotoCorp shares slid by 3% due to stagnant sales throughout December.
• Glenmark introduces a biosimilar version of the anti-diabetic drug Liraglutide in the Indian market.
• KP Energy secures an order to develop an 86.1 megawatt wind power project.
• Sukhjit Starch shares rise following board approval of an interim dividend of Rs 8 per share.
• CEAT faces a tax demand totalling Rs 19 crore.
• Bajaj Auto will deliberate on a share buyback on January 8.
• Adani Total Gas has entered into an agreement with Shigan aimed at decarbonizing the supply chain.
• Dr Reddy’s Labs, a prominent global pharmaceutical company, has strategically acquired MenoLabs, a renowned portfolio specializing in women's health and dietary supplements, previously owned by Amyris, Inc.
• The Supreme Court has cleared the Adani Group, backing SEBI's clean chit in the Hindenburg case, ruling out an SIT probe.
• RVNL's shares surged by 2.65% following the acquisition of a 49% stake in the Rs 123.36-crore Varkala Sivagiri project.

Date: 2 January 2024 Stock Market Highlights

On the second day of the new year, the market took a bearish turn as benchmark indices closed in the red due to a rush among investors to secure profits.

• Sensex fell by 379.46 points, marking a 0.53% decrease to reach 71,892.48.
• Nifty dropped by 76.10 points, showing a 0.35% decline, settling at 21,667.
• Bank Nifty decreased by 472.65 points (0.98%) and concluded its session at 47,761.65.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1602.16 Cr
DII Net Sale is of Rs 1959.04 Cr

Market Roundup For The Day

Sector Update

• Pharma index increased by 2.5%, while auto, realty, capital goods, bank, and IT sectors decreased by 1% each.
• BSE Midcap and Smallcap indices remained unchanged.

Stock Update

• Kernex Microsystems secures JV contract valued at Rs 109.46 crore.
• The Life Insurance Corporation of India receives a GST demand order totalling Rs 806.3 crore.
• Alembic Pharma's stock jumps 5% following multiple product approvals from the US FDA.
• SJVN receives approval from DIPAM to establish four joint venture companies in India and Nepal.
• SRF inaugurates an aluminium foil manufacturing facility, investing Rs 536 crore.
• A subsidiary of Bharti Airtel purchases a 97.1% stake in Beetel Teletech.
• The NCLT greenlights the amalgamation scheme between Tata Steel and Tinplate Company of India.
• Bank of India has launched a Fixed Deposit rate of 7.50% per annum.
• Alok Industries' stock surged 20% to Rs 25.80 after Reliance Industries invested Rs 3,300 crore in non-convertible redeemable preferential shares.

Date: 1 January 2024 Stock Market Highlights

In the final trading session of 2023, domestic stocks concluded on a downward trend, breaking a streak of five consecutive days of gains, as investors opted to secure their profits.

• Sensex rose by 0.04% to 72,271.94, gaining 31.68 points.
• Nifty increased by 0.05% to 21,741.90, adding 10.50 points.
• Bank Nifty concluded at 48,234.30, marking a decline of 57.95 points or 0.12%.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 855.80 Cr
DII Net Purchase is of Rs 410.46 Cr

Market Roundup For The Day

Sector Update

• Healthcare and PSU Bank sectors increased by 0.5% each.
• The bank index dropped by 0.5%.
• BSE Midcap reached a new high of 37,171.97, while Smallcap hit 43,094.79, both with a 0.5% gain, outperforming the main indices.

Stock Update

• Alkem Labs successfully finalizes the sale of its US-based division for Rs 66 crore.
• L&T secures a Rs 1,040-crore contract for the Kanaka Line of Bengaluru's suburban rail network.
• HFCL secures a Rs 1,127 crore order from Bharat Sanchar Nigam.
• Dr. Reddy's Labs purchases a 6.46% stake in Edity Therapeutics for $2 million.
• The board of KPI Green Energy recommends a 1:2 bonus issue.
• A subsidiary of Fineotex Chemical purchases additional factory land in Maharashtra for Rs 35 crore.
• On January 5, Kaveri Seed Company will review a share buyback proposal.
• Cantabil Retail India launches 11 new stores in December.
• BHEL's Share Prices Surge Following Successful Bid on Rs 19,000 Crore Power Project
• Shares of Yes Bank soar by 7% following the lender's acquisition of a Rs 150 crore security receipts portfolio.
• Dhampur Sugar Mills to consider share buyback on 3rd January 2024.

Date: 29 December 2023 Stock Market Highlights

In the final trading session of 2023, domestic stocks concluded on a downward trend, breaking a streak of five consecutive days of gains, as investors opted to secure their profits.

• Sensex dropped by 170.12 points (0.23%) to 72,240.26.
• Nifty decreased by 47.30 points (0.22%) to 21,731.40.
• Bank Nifty concluded at 48,292.25, marking a decline of 0.45%..

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 1,459.12 Cr
DII Net Purchase is of Rs 554.39 Cr

Market Roundup For The Day

Sector Update

• Nifty PSU Bank faced the largest decline at 0.64%, while Nifty IT dropped around 0.5%.
• Nifty Auto saw the most significant gain, rising by over 1%.
• Other notable gainers included Nifty Realty and Nifty Metal.

Stock Update

• ICICI Prudential AMC and ICICI Prudential Life have received approval from the RBI to acquire a stake of up to 9.95% in RBL Bank.
• The Abu Dhabi Investment Authority has acquired a 0.67% stake in Azad Engineering.
• Info Edge is set to invest Rs 25 crore in its subsidiary, Zwayam Digital.
• Techno Electric & Engineering Company has secured orders totaling Rs 1,750 crore.
• Marine Electricals secures an order worth Rs 32 crore from the Ministry of Defence.
• Shakti Pumps secures a work order valued at Rs 258 crore from the Haryana Renewable Energy Department (HAREDA).
• RailTel Corporation of India has been awarded a work order totaling Rs 120.45 crore from South Central Railway.
• ICICI Prudential AMC and ICICI Prudential Life Insurance have received RBI approval to acquire a stake of up to 9.95% in IDFC FIRST Bank.
• Taneja Aerospace has entered into an agreement with Altair Infrasec.
• Power Mech surged by 5% following acquiring two orders valued at Rs 2,190 crore.
• Tata Coffee sets 15 January 2024 as the record date for the merger with Tata Consumer Products. Shareholders holding 22 shares of Tata Coffee will receive 1 share of Tata Consumer after the record date.
• Innova Captab IPO listed flat on the exchange at Rs 452.10 against the issue price of Rs 448. During the day, it was locked in the upper circuit of Rs 542.50 and later closed at 541.40.

Date: 28 December 2023 Stock Market Highlights

The market bulls strengthened their hold during the year-end expiry of 2023. Benchmark indices hit new record highs, marking the fifth consecutive session of gains on December 28. 

• Sensex rose by 371.95 points (0.52%) to reach 72,410.38.
• Nifty increased by 123.95 points (0.57%) to 21,778.70.
• Bank Nifty surged by 226.35 points, closing at 48,508.55.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 4,358.99 Cr
DII Net Purchase is of Rs 136.64 Cr

Market Roundup For The Day

Sector Update

• Information Technology was the only sector that didn't end positively.
• FMCG, realty, oil & gas, power, and metal sectors rose by 1-2%.
• BSE Midcap index increased by 0.66%, while the smallcap index went up by 0.2%.

Stock Update

• L&T finalized the acquisition of the entire shareholding from Sapura Nautical Power Pte Ltd (JV Partner) in L&T Sapura Offshore Private Limited.
• Central Bank of India has partnered with Kisetsu Saison Finance to offer MSME loans.
• Infosys is scheduled to announce its Q3 results on January 11.
• Exide Industries has committed a Rs 40 crore investment in its subsidiary, Exide Energy Solutions.
• PTC Industries has inked an MoU with Nasmyth, UK, aiming to enhance supply chain solutions through vertical integration.
• The board of Kajaria Ceramics approves raising investment limits in its subsidiary.
• Confidence Petroleum India's subsidiary secures a Rs 67 crore order from BPCL.
• Coromandel International receives an order from TNPCB to resume operations at the Ammonium Phosphate Potash Sulphate (APPS) Plant.
• Suzlon Energy climbs 4% after securing an order to supply 100 wind turbines.
• Power Grid Corporation completes the acquisition of Neemrana II Bareilly Transmission.
• KEC International's stock rises after acquiring a new order worth Rs 1,566 crore.
• HDFC Bank's market capitalization surpasses Rs 13 lakh crore.
• Sula Vineyards Limited's stocks rose by almost 5% after the company shared that their wine tourism division had over 5,000 visitors on Christmas Eve.
• Azad Engineering IPO listed on the exchange at a premium of 37.4% at Rs 720 against the issue price of Rs 524. During the day, it touched a high of Rs 727, closing at Rs 677.50.
• Innova Captab IPO will be listed on the bourses on Friday, 29 December 2023.

Date: 27 December 2023 Stock Market Highlights

The Indian benchmark indices reached new milestones and continued their upward trend for the fourth consecutive session on December 27th.

• Sensex surged by 701.63 points to 72,038.43, a 0.98% increase.
• Nifty rose by 213.50 points, reaching 21,654.80, a 1% climb.
• Bank Nifty increased by 557.35 points, closing at 48,282.20, surging 1.17%.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 2926.05 Cr
DII Net Sale is of Rs 192.01 Cr

Market Roundup For The Day

Sector Update

• Auto, bank, and metal sectors rose by 1% each.
• Oil & gas and power sectors didn't show gains.
• BSE midcap and smallcap indices had minimal gains compared to the main indices.

Stock Update

• SJVN secures a 100 MW solar power project awarded by Gujarat Urja Vikas Nigam.
• Railtel Corporation of India secures a work order valued at Rs 76.19 crore from the Bihar Education Project Council.
• NBCC secures an order valued at Rs 150 crore from SAIL ISP Burnpur.
• Adani Total Gas enters a memorandum of understanding (MoU) with Flipkart to advance the decarbonization of its supply chain.
• L&T achieves a record high after securing a significant contract in Saudi Arabia.
• A subsidiary of Piramal Enterprises seals a deal with the promoter group company AASAN Corporate Solutions to acquire property in Mumbai.
• Bondada Engineering secures an order worth Rs 3.25 crore from Bharti Airtel.
• UltraTech Cement's market capitalization surpasses Rs 3 lakh crore amidst a surge in cement stocks.
• The government has increased the minimum support price (MSP) for milling copra by Rs 300 per quintal for the 2024 season.
• Suzlon Energy secured a new order of 100.8 MW from Nardic Energy involving the supply of 32 wind turbines.
• Happy Forgings IPO listed on the exchanges at a premium of 17.6% at Rs 1000 against the issue price of Rs 850. The stock then closed at 1030.80 and touched a high of 1087.40 during the day.
• Credo Brands Marketing (Mufti) IPO listed flat on NSE at a premium of 0.8% at Rs 282 against the issue price of Rs 280. During the day, the stock touched a high of Rs 324.80 and later closed at Rs 312.20.
• RBZ Jewellers IPO listed at its issue price of Rs 100 on the exchange. After opening for trade at 10 AM, the price was locked in the upper circuit (Rs 105) for the day and closed at it. 
• Azad Engineering IPO will be listed on the bourses on Thursday, 28 December 2023.

Date: 26 December 2023 Stock Market Highlights

Following the Christmas break, the benchmark indices closed positively, marking a third consecutive day of rallying on December 26th. 

• Sensex rose by 229.84 points to 71,336.80, a 0.32% increase.
• Nifty increased by 91.90 points to 21,441.30, marking a 0.43% rise.
• Bank Nifty surged by 233 points, closing at 47,724.85, increasing 0.49%.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 95.20 Cr
DII Net Purchase is of Rs 167.04 Cr

Market Roundup For The Day

Sector Update

• Most sectors are performing positively except for Information Technology.
• Oil & gas, power, metal, auto, and healthcare sectors each gained 1%.
• BSE midcap index increased by 0.7% and smallcap index by 0.5%.

Stock Update

• The board of Greenply Industries has given the green light to transfer 51% of its ownership in Greenply Middle East to an Investor Group.
• Lumax Auto Technologies has given the green light to the proposed acquisition of Lumax Ancillary.
• Anupam Rasayan has inked a Letter of Intent worth Rs 507 crores with a Japanese firm.
• Bharat Electronics has secured orders totaling Rs 678 crore.
• HDFC Standard Life Insurance acquires a 1.5% stake in Sansera Engineering.
• IndusInd Bank introduces 'eSvarna', India's inaugural Corporate Credit Card on the RuPay network.
• Adani Group is set to inject Rs 9,350 crore in equity into Adani Green Energy.
• JSW Energy climbs 2% as its subsidiary initiates the commissioning of an 810 MW wind power project.
• Swan Energy clears a Rs 300 crore debt tied to its Jafrabad FSRU project.
• Shareholders of Tata Steel are scheduled to convene on January 25 to deliberate on the potential merger with Indian Steel And Wire Products.
• Tata Motors secures an order for 1,350 bus chassis from UP State Road Transport Corporation.
• Innova Captab IPO was subscribed 55.26 times on the third day.
• Motisons Jewellers IPO listed on the bourses at a premium of 98% at Rs 109.
• The IPOs of Suraj Estate Developers and Muthoot Microfin listed at a discount of 5.56% and 5.4%, respectively.  
• IPOs of RBZ Jewellers, Credo Brands Marketing (Mufti), and Happy Forgings will be listed on the bourses on 27 December 2023, i.e., Wednesday.

Date: 22 December 2023 Stock Market Highlights

On December 22, the market saw a second consecutive rise, with the Nifty surpassing 21,300. 

• Sensex closed higher by 241.86 points, reaching 71,106.96, a 0.34% increase.
• Nifty closed by 94.40 points at 21,349.40, reflecting a 0.44% gain.
• Bank Nifty fell by 348.30 points, closing at 47491.85.

Monday, i.e., 25th December 2023, All segments of the market will remain close for trading on Account of Christmas

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 2828.94 Cr
DII Net Purchase is of Rs 2166.72 Cr

Market Roundup For The Day

Sector Update

• Except for banks, all sectoral indices closed positively.
• Auto, capital goods, healthcare, and oil & gas sectors increased by 1% each.
• IT, metal, and realty sectors rose by 2% each.
• BSE midcap index saw a 0.7% rise, while the smallcap index surged by 1%.

Stock Update

• Railtel's shares surged by 3% following the acquisition of a Rs 66-crore order from NF Railway Construction.
• SBI secured a $165 million line of credit from the World Bank.
• Lupin introduces Softovac Liquifibre, an innovative liquid fibre product, the first of its kind.
• The government has granted LIC an exemption to reach a minimum of 25% public shareholding by 2032.
• A branch of Medplus Health Services has received an order from the Drugs & Control Authority to suspend its drug license for a period of five days.
• Bharat Electronics (BEL) has secured orders totaling Rs 2,673 crore from Goa Shipyard Limited.
• KPI Green Energy secures new orders totaling 1.80 MW.
• Sarda Energy receives approval for expanding capacity at its Iron Ore Pellet Plant.
• Easy Trip Planners acquires a 13.39% stake in Eco Hotels and Resorts.
• Godawari Power obtains 'Consent to Operate' from the Chhattisgarh Environment Conservation Board to expand its capacity.
• Azad Engineering IPO was subscribed 82.98 times on the third day.
• Innova Captab IPO was subscribed 3.63 times on the second day.
• IPOs of Motisons Jewellers, Muthoot Microfin and Suraj Estate Developers will be listed on the bourses on 26th December 2023, i.e. Tuesday.

Date: 21 December 2023 Stock Market Highlights

The benchmark indices started on a lower note but steadily recovered from the early losses, ultimately closing with gains on December 21, driven by a blend of mixed global cues.

• Sensex went up by 358.79 points and closed at 70,865.10.
• Nifty increased by 104.90 points and ended at 21,255.05.
• Bank Nifty surged by 394.85 and closed at 47840.15. 

Top Gainers of Nifty 50

Top Losers of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 1,636.19 Cr
DII Net Purchase is of Rs 1,464.70 Cr

Market Roundup For The Day

Sector Update

• IT, Bank, and FMCG sectors rose by 0.5% each.
• Metal, pharma, realty, power, oil & gas, and capital goods saw gains ranging from 1% to 2%.
• Nifty Media gained 2.49%, led by Zee Entertainment's rise due to discussions with Sony about a merger.
• BSE Midcap and Smallcap indices both increased by 1.5%.

Stock Update

• IndusInd Bank divests Rs 795 crore worth of shares in Nippon Life India.
• Coforge has unveiled a collaborative initiative with Microsoft Azure OpenAI Service to facilitate the widespread adoption of Generative Artificial Intelligence (AI) within enterprises.
• Ashok Leyland secures an order valued at Rs 501 crore from the Tamil Nadu State Transport Corporation.
• Suzlon Energy secures a recurring order of 193.2 MW from KP Group in Gujarat.
• Mazagon Dockyard Shipbuilders secures a contract worth Rs 1,600 crore with the Ministry of Defence.
• Following the launch of the Bhiwandi mega gateway featuring 196 docking stations, Delhivery experienced a 6% surge.
• Cochin Shipyard secures a contract worth Rs 488.25 crore with the Ministry of Defence.
• Praveg has received a work order to develop tents on Agatti Island in Lakshwadeep.
• AstraZeneca Pharma saw a 6% intraday surge in shares following the announcement of the upcoming launch of Enhertu, a breast cancer medication scheduled for January 2024 in India.
• PVR Inox inaugurates a three-screen multiplex at IRIS Broadway in Gurugram.
• Inox India IPO is listed on the NSE at Rs 949 with a premium of 44%. It touched a high of Rs 990 during intraday and later concluded its first session at Rs 939. 
• Azad Engineering IPO was subscribed 11.48 times on the second day.
• On the final day of bidding, the IPOs of RBZ Jewellers, Happy Forgings, and Mufti were subscribed 16.73 times, 82.56 times & 51.76 times, respectively.
• Innova Captab IPO was subscribed 1.45 times on the first day.

Date: 20 December 2023 Stock Market Highlights

The market quickly shifted from reaching highs to a sharp drop. Benchmarks erased morning gains, ending the day near its lowest point on December 20 due to widespread selling.

• Sensex fell 930.88 points to 70,506.31, a 1.30% decrease.
• Nifty dropped 302.90 points to 21,150.20, a 1.41% decline.
• Bank Nifty fell 425.60 points or 0.8% closing at 47445.30. 

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 1322.08 Cr
DII Net Purchase is of Rs 4754.34 Cr

Market Roundup For The Day

Sector Update

• Sectoral indices like auto, capital goods, metal, pharma, oil & gas, power, and realty all closed in decline, dropping 2-4%.
• BSE midcap and smallcap indices plunged over 3% each after reaching new highs earlier at 36,483.16 and 42,648.86, respectively.

Stock Update

• The board of Can Fin Homes has given the green light to an interim dividend of Rs 2 per share.
• Nazara Technologies has announced collaborations with four notable Indian game studios.
• Welspun One is set to construct a cutting-edge industrial and logistics hub at JNPA, with an investment totalling Rs 700 crore.
• Nirma Secures CCI Approval to Acquire Majority Stake in Glenmark Life Sciences
• White Iris Investment has divested a 4.5% stake in Apollo Tyres.
• Blackstone Completes Exit from Embassy REIT, Selling Entire 23.5% Stake for Rs 7,100 Crore
• DOMS Industries IPO is listed on the NSE at Rs 1400 with a premium of 77%. It touched a high of Rs1434 during intraday and later closed at Rs1326. 
• India Shelter Finance Corporation IPO listed on the NSE at Rs 620 with a premium of 25%. It touched a high of Rs1434 during intraday and later closed at Rs1326. 
• Inox India will list tomorrow, the issue price is of Rs 660
• Azad Engineering IPO was subscribed 3.51 times on the first day
• On the final day of bidding, the IPOs of Motisons Jewellers, Muthoot Microfin, and Suraj Estate Developers were subscribed 173.23 times, 12.30 times & 16.57 times, respectively.
• On the second day of bidding, the IPOs of RBZ Jewellers, Happy Forgings, and Mufti were subscribed 7.25 times, 7.69 times & 7.14 times, respectively.
• Innova Captab IPO will open for subscription tomorrow, i.e. 21st December 2023

Date: 19 December 2023 Stock Market Highlights

On December 19, the Indian equity benchmarks surged to new highs amidst a session marked by volatility. 

• Sensex rose by 122.10 points to 71,437.19.
• Nifty increased by 34.40 points, reaching 21,453.10.
• Bank Nifty closed flat at 47870.90, surging 3.20 points.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 601.52 Cr
DII Net Purchase is of Rs 294.35 Cr

Market Roundup For The Day

Sector Update

• Metal, pharma, oil & gas, power, and FMCG sectors gained between 0.3-1%.
• Auto, capital goods, realty, and IT sectors declined by 0.3-0.8%.
• BSE smallcap index reached a new high but closed with marginal gains.
• BSE Midcap index experienced a 0.3% decrease.

Stock Update

• PNC Infratech secures a Rs 1,174 crore highway project from MPRDC.
• Sharjah's Sky One expresses interest in acquiring Go First.
• Ambuja Cements intends to invest Rs 6,000 crore in renewable projects.
• Devyani International, the operator of KFC in India, ventures into Thailand through a significant $129 million deal.
• Sun Pharma announces plans to acquire a 16.7% stake in Lyndra Therapeutics for $30 million.
• Honeywell Automation secured a significant contract with Reliance Life Sciences to develop building management and safety technology.
• Sanghvi Movers Secures Contracts Valued at Rs 166 Crore
• Jindal Stainless Board Greenlights Acquisition of 100% Stake in Rabirun Vinimay for 96 Cr.
• United Drilling Tools Secures Rs 96 Crore Order from ONGC
• LIC has reduced its holding in Tata Motors from 5.11% to 3.09%.
• Vijaya Diagnostic Centre Ltd announced its complete acquisition of Pune-based PH Diagnostic Centre Pvt Ltd for Rs 134.65 crore.
• Azad Engineering IPO will open for subscription tomorrow, i.e. 20th December 2023
• On the second day of bidding, the IPOs of Motisons Jewellers, Muthoot Microfin, and Suraj Estate Developers were subscribed 56 times, 3.03 times & 2.58 times respectively.
• On the first day of bidding, the IPOs of RBZ Jewellers, Happy Forgings, and Mufti were subscribed 2.29 times, 2.36 times & 2.11 times, respectively.

Date: 18 December 2023 Stock Market Highlights

Equity indices halted their bullish momentum, concluding the volatile December 18 session with a marginal dip.

• Sensex dropped by 168.66 points, a 0.24% decrease, settling at 71,315.09.
• Nifty experienced a 0.18% decline, down by 38 points to 21,418.70.
• Bank Nifty closed at 47867.70, with a decline of 275.85 points.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Sale is of Rs 33.51 Cr
DII Net Purchase is of Rs 413.88 Cr

Market Roundup For The Day

Sector Update

• The Pharma index surged by 1%, and Capital Goods by 0.7%.
• The real estate index declined by 1%, and the bank index declined by 0.5%.
• The BSE Midcap index increased by 0.3%, and the smallcap index increased by 0.5%

Stock Update

• SoftBank Sells Shares Worth Rs 914 Crore in PB Fintech
• Welspun's wholly owned subsidiary, Sintex BAPL, has confirmed an investment of up to Rs 807 crore to establish a manufacturing unit in Telangana.
• General Atlantic Singapore Fund Sells Rs 851 Crore Worth of Shares in KFin Technologies
• NBCC India Secures Rs 30 Crore Contract to Construct Composite Regional Centre in Jammu
• Genesys International has landed a groundbreaking contract to implement its cutting-edge Digital Twin mapping technology for the redevelopment of Dharavi.
• Vedanta announces an interim dividend of Rs 11 per share, setting the record date for December 27th.
• RBI announced a new Sovereign Gold Bond Series III 2023-24 tranche. The issue date is from 18th to 22nd December 2023, and the issue price is Rs6,199 per gram.
• SpiceJet shows interest in acquiring the Go First airline.
• IPOs of Happy Forgings, RBZ Jewellers and Credo Brands Marketing (Mufti) will open for subscription tomorrow, i.e. 19th December 2023
• Muthoot Microfin IPO was subscribed  0.91 times on the first day
• Motisons Jewellers IPO was subscribed 16.43 times on Day 1
• On the first day, Suraj Estate Developers IPO was subscribed 0.77 times.
• INOX India IPO was subscribed 61.15 times on the final day.

Date: 15 December 2023 Stock Market Highlights

On December 15, Dalal Street soared to new heights amidst an ongoing bull run, drawing in a surge of buyers to the stock market. 

• Sensex closed at 71,483.75, up 969.55 points, a 1.37% increase.
• Nifty ended at 21,456.65, up by 273.95 points, a 1.29% rise.
• The Bank Nifty concluded its session with a surge of 411.25 points, settling at 48143.55 at the close.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 9239.42 Cr
DII Net Sale is of Rs 3077.43 Cr

Market Roundup For The Day

Sector Update

• Nifty IT surged by 4.56%, leading gains.
• Nifty Metal, PSU Bank, and Oil & Gas also saw notable increases.
• Nifty Realty experienced the most significant decline, down by 0.71%.
• Nifty FMCG and Nifty Auto ended in negative territory.

Stock Update

• SBI is set to secure a 6.35% equity stake in Canpac Trends.
• Suzlon clinches a 100.8 MW order for its 3 MW series from a prominent global utility.
• Zydus Lifesciences receives final approval from the USFDA for Darunavir Tablets.
• Genus Power Infrastructures secures an order worth Rs 1,026.31 crore.
• Cipla has made a significant investment of Rs 42 crore in the digital technology firm GoApptiv.
• Titan's subsidiary TCL NA is set to acquire a 10% stake in Delaware Co.
• Hero MotoCorp plans to acquire an additional stake in Ather Energy for up to Rs 140 crore.
• Droneacharya Aerial Innovations secures a significant contract from the Ministry of Defense.
• Mazagon Dock gets order worth $42 million from European client for construction of 3 vessels.
• Tata Power Solar Systems is set to provide solar modules valued at Rs 418 crore to NTPC.
• Samvardhana Motherson has acquired Deltacarb and Lumen Australia for Rs 562 crore.
• IPOs of Muthoot Microfin, Motisons Jewellers and Suraj Estate Developers will open for subscription on Monday, i.e. 18th December 2023
• DOMS Industries IPO was subscribed a total of 99.34 times 
• India Shelter Finance Corporation's IPO was subscribed 38.59 times.
• INOX India IPO was subscribed 7.11 times till the end of the second day.

Date: 14 December 2023 Stock Market Highlights

The unexpectedly dovish position taken by the US Federal Reserve sparked a worldwide rally, propelling the Indian equity benchmark to unprecedented heights on December 14.

• Sensex concluded the session at 70,514.20, marking a gain of 929.60 points or 1.34%. 
• Nifty closed at 21,182.70, reflecting an increase of 256.40 points or 1.23%.
• The Bank Nifty concluded its session with a surge of 640.05 points, settling at 47,732.30 at the close.

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 3570.07 Cr
DII Net Purchase is of Rs 553.17 Cr

Market Roundup For The Day

Sector Update

• Nifty Midcap 100 rose 1.31%, while Nifty Smallcap 100 increased by 0.85%.
• All indices ended with gains Except for Nifty Media, Healthcare, and Consumer Durables.
• Nifty Realty surged by 3.88%, and Nifty IT gained 3.5%.

Stock Update

• Jupiter Wagons has secured an order valued at Rs 1,617 crore for the manufacturing and supply of 4,000 wagons.
• Adani Energy has established a wholly-owned subsidiary company named Sunrays Infra Space Two.
• A subsidiary of Oriental Rail has secured an order for manufacturing and supplying 1,200 BOXNS wagons.
• Zydus Lifesciences has been granted approval by the USFDA for a chemotherapy drug.
• Lupin strengthens its footprint in South India by inaugurating a new regional reference lab in Chennai.
• The board of CanFin Homes is scheduled to convene on December 22 to deliberate on the payment of dividends.
• Orissa Minerals Development sees a 9% surge following the receipt of pollution board consent for the Bagiaburu mine.
• IRCTC reached a 52-week high due to intentions to broaden its non-railway catering services.
• Essar Plans $6.6 Billion Investment in Power and Port Projects in Gujarat
• DOMS Industries IPO was subscribed 16.25 times till the end of Day 2
• India Shelter Finance Corporation's IPO was subscribed 4.59 times till the end of the second day.
• INOX India IPO was subscribed 2.81 times on the first day.

Date: 13 December 2023 Stock Market Highlights

On December 13, the Indian benchmark indices closed with slight gains after a highly volatile session, setting the stage for the FOMC meeting outcome expected later tonight.

• The Sensex gained 33.57 points, a 0.05% increase, reaching 69,584.60.  
• Nifty rose by 19.90 points, or 0.10%, to close at 20,926.30.
• Bank Nifty closed flat by declining 5.3 points, closing at 47,092.25

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50

FII & DII Activity

FII Net Purchase is of Rs 4710.86 Cr
DII Net Sale is of Rs 958.49 Cr

Market Roundup For The Day

Sector Update

• Auto, power, pharma, capital goods, and realty sectors increased by 1% each.
• Information Technology index decreased by 1%.
• BSE Midcap index surged by 1%, reaching a new record high.
• BSE Smallcap index climbed by 0.7%.

Stock Update

• SRF increased the ownership in its subsidiary, SRF Altech, by buying 35.5 Cr fully paid-up shares worth Rs 10 each, totaling Rs 355 Cr.
• Tata Power partnered with Dr. Abhay Firodia Group of Companies - Force Motors Limited and Jaya Hind Industries Private Limited to supply green power for 25 years under a Group Captive scheme.
• Cummins India partners with Repos Energy, backed by Ratan Tata.
• AIA Engineering's board has approved the plan to delist its subsidiary Welcast Steels from BSE.
• The board of Spandana Sphoorty has approved raising funds of up to Rs 300 crore through NCDs via private placement.
• HPL Electric Power surged 8% following the acquisition of a Rs 545 crore order for smart meters.
• Wipro and RSA (one of the world’s leading general insurance companies) have recently signed a multi-year contract aimed at expediting cloud migration.
• Chrys Capital, a private equity firm, sells shares worth Rs 3,282 crore in Mankind Pharma.
• Sun Pharma’s specialized drug ILUMETRI, Tildrakizumab Injection, is now part of category B in China's National Reimbursement Drug List.
• DOMS Industries IPO was subscribed 6.06 Times on Day 1
• India Shelter Finance Corporation IPO was subscribed 2.31 Times on the first day.
• INOX India IPO will open for Subscription tomorrow.

Date: 12 December 2023 Stock Market Highlights

The Indian benchmark indices halted a two-day winning streak as the Nifty retreated from its record high. Investor concerns persisted in anticipation of US inflation data and upcoming global central bank meetings. 

• Sensex dropped by 377.50 points, reaching 69,551.03.
• Nifty declined by 90.70 points, settling at 20,906.40.
• Bank Nifty also declined by 216.70 points, closing at 47,097

Top Gainers of Nifty 50

Top Losers of Nifty 50

52 Week High Stocks of Nifty 50