Indian Railways experiences a 4% revenue growth and 2% higher capital expenditure in the first nine months of the current fiscal. With improved freight loading and increased passenger earnings, the total revenue reached Rs 1.93 lakh crore. Additionally, enhancements in railway tracks have enabled train speeds up to 130 km/h, boosting connectivity.
A total of 7,170 shares changed hands on the counter till 11:01AM (IST).
The 30-share BSE Sensex was up 636.91 points at 79144.32
Andhra Pradesh CM N Chandrababu Naidu said that no action regarding US allegations of bribery involving the Adani Group can be taken until concrete proof is obtained. Naidu emphasized the need for more evidence and awaits the outcome of the US case before making any decisions.
Astronomers have discovered five rare interacting dwarf galaxies 117 million light-years away. Their unusual alignment and shared rotation challenge current galaxy formation models, raising new questions about how galaxies evolve and form.
In 2024, 4,940 people searched for 'girlfriend' and 40 users looked for 'dulhan' on Zomato. Delhi-NCR recorded 12.4 crore orders, surpassing Punjab, Haryana, Uttar Pradesh, and Rajasthan combined. Bengaluru placed 30 lakh more orders than Mumbai, while Mumbai tipped Rs 3 crore more. May 12 saw the highest orders at 34.8 lakh.
The stock traded at a P/E multiple of 86.00, while the price-to-book value ratio stood at 11.55.
The Nifty Auto index was trading 1.52 per cent at 23492.10.
Ashok Leyland reported a 5 per cent increase in total sales to 16,957 units in December 2024 compared to 16,154 units previous year. Domestic sales rose 4 per cent to 15,713 units. Medium and heavy commercial vehicle sales in the domestic market grew by 6 per cent. Light commercial vehicle sales remained flat at 5,225 units.
A total of 2,715 shares changed hands on the counter till 10:50AM (IST)
Radhika Gupta, CEO of Edelweiss Mutual Fund, stated that alpha in mutual funds will diminish, especially in the large-cap space. This follows data showing active funds outperformed their benchmarks in 2024. Niranjan Avasthi highlighted that performance varies yearly and blending active and passive investments is key to adapting to market changes.
Ashok Leyland shares rose 3% after posting a 5% YoY increase in December sales, though cumulative sales fell 2%. M&HCV segment saw growth, with shares gaining 28.7% in the last year.
Gold loans in India have seen significant growth by September 2024 compared to the previous year, driven by increased reliance on gold as collateral. Despite this rise, the RBI has raised concerns about irregular practices among certain entities and issued guidelines to address these issues. NBFCs remain dominant in the gold loan segment, holding 59.9% of the market.
The Nifty Pharma index was trading 0.42 per cent at 23361.85.
So, I am not too bullish on IT as a sector and some correction here and there, one can never rule that out because they are trading very expensive to the growth potential which they have.
The stock traded at a P/E multiple of 60.85, while the price-to-book value ratio stood at 14.15.
On January 2, five stocks saw short covering, marked by a decrease in open interest and slight price increases, signaling potential market sentiment shift. Key stocks include HDFC Bank and Apollo Hospital.
The new year will feature two lunar eclipses, one in March and another in September. A six-planet parade will be visible in January and Mercury will join in February. There will be three supermoons in October, November, and December. Expect more northern and southern lights due to increased geomagnetic storms. Several meteor showers will also be visible.
The 30-share BSE Sensex was up 435.93 points at 78943.34
India's manufacturing activity in December 2024 slowed to its weakest pace of the year, despite easing cost pressures and strong jobs growth. The HSBC final PMI fell slightly from November, with slower improvements in output and new orders. International demand improved, supporting exports, but business sentiment and future growth outlook waned.
The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of Rs 23500.15.
The law, which is designed to address the growing issue of cybercrime, requires social media platforms and messaging services in Malaysia with more than 8 million users, to obtain a licence or face legal action. Telegram is in the final stages of obtaining its licence, while Meta Platforms has begun the licensing process. X didn't apply, claiming its local user base didn't meet the 8 million threshold.
The Nifty Realty index was trading 0.48 per cent at 1035.70.
Five stocks saw fresh long positions on January 2, with a rise in both open interest and stock prices, signaling a bullish trend. These stocks include Bajaj Finserv, Oil India, and ONGC.
