The 30-share BSE Sensex was down 423.18 points at 78799.93
Now, whether they can go back to a growth similar to the system growth given their size, like the system growth or credit growth right now is around 12% or they lag behind is something we need to see.
A total of 993 shares changed hands on the counter till 10:45AM (IST)
India's services sector ends 2024 positively, driven by sustained demand, robust hiring, and eased inflationary pressures. HSBC's final India Services PMI increased to 59.3 in December, indicating expansion for over three years. Strong global demand and business confidence led to significant worker additions and eased input prices, boosting overall activity.
The NSE Nifty index was trading 80.41 points down at 23924.35
Governor R N Ravi did not deliver his customary address on Day 1 of the Tamil Nadu Assembly session in 2025. The National Anthem was not sung, only the Tamil Tai Vazhdu was played. The Governor left the assembly in protest. The session saw protests from various political parties regarding different issues.
On January 6, five stocks—M&M Financial Services, Granules, Poonawalla Fincorp, LTIMindtree, and SBI Card—saw fresh long positions, with rising open interest and stock prices, signaling a bullish trend.
The NSE Nifty index was trading 64.75 points down at 23940.0
10 motivational quotes that highlight the power of a positive mindset
Justin Trudeau may resign: Canadian Prime Minister Justin Trudeau is likely to resign amid growing controversies and internal dissent. Accusations against India over Khalistani separatist Hardeep Singh Nijjar's killing are seen as attempts to distract from domestic issues, including rebellion within his party and allegations of corruption.
Ankur Warikoo's books 'Do Epic S**t' and 'Get Epic S**t Done' were ghostwritten by Nishtha Gehija. Warikoo acknowledged this and praised her effort. He clarified that using ghostwriters was never a secret. All future books by Warikoo will also involve ghostwriters. Warikoo responded with humor to the controversy and explained his role as an author.
A total of 8,427 shares changed hands on the counter till 10:30AM (IST)
Canadian Prime Minister Justin Trudeau might announce his intention to step down soon. If he resigns, the Liberal Party will name an interim leader while preparing for a leadership convention. The party faces challenges as an election approaches. Trudeau could avoid being ousted by proroguing parliament, delaying no-confidence motions but potentially angering Liberal legislators.
A total of 2,926 shares changed hands on the counter till 10:25AM (IST).
The 30-share BSE Sensex was up 2.17 points at 79225.28
Angel One shares surged 4.5% after reporting an 11.3% YoY increase in Average Daily Turnover (ADTO) to Rs 40.05 lakh crore for Q3 FY25. The company saw a 51.7% YoY growth in its client base to 29.52 million. Despite a decline in quarterly ADTO, Angel One gained market share in cash turnover but lost in commodities.
The 30-share BSE Sensex was up 157.27 points at 79380.38
Shares of Titan Company rose 2.3% to Rs 3,527.20 on BSE. The surge followed a 24% year-on-year growth in its standalone business for the December quarter. The jewellery segment reported a 26% sales growth. Titan's Watches & Wearables and EyeCare divisions also showed growth, while Caratlane expanded its presence domestically and internationally.
On the technical charts, the RSI of the stock stood at 48.32.
ITC Share Price: Following the record date for demerging ITC Hotels, ITC Ltd’s shares were adjusted by Rs 26 on NSE and Rs 27 on BSE, reflecting the separation. ITC will distribute 60% of ITC Hotels’ shares among existing ITC shareholders, retaining the remaining 40% in the company.
Axis Securities recommends buying Kalpataru Projects International with a target price of Rs 1,590. The company operates in the power sector and has a market cap of Rs 22,281.55 crore. Kalpataru Projects reported a consolidated total income of Rs 4,946.98 crore for the quarter ended September 2024. Promoters hold a 35.24% stake in the company.
A total of 3,524 shares changed hands on the counter till 10:10AM (IST)
The Nifty Pharma index was trading 0.46 per cent at 23155.70.
Delhi Rains Today: Delhi experiences a sharp drop in temperatures along with rain showers, prompting residents to seek refuge in night shelters and around bonfires. The air quality remains categorized as 'very poor' despite improvements, and Stage-I and Stage-II pollution measures continue to be in place to mitigate health risks.
IDBI Bank's Q3 update highlights a 13% YoY growth in total business, reaching Rs 4,89,346 crore. Net advances rose 18% YoY to Rs 2,06,907 crore, and deposits grew by 9% YoY to Rs 2,82,439 crore. Despite these positive results, IDBI's stock has seen recent declines, with shares falling 7.6% in the last 6 months.