Sebi returns draft IPO papers of Anand Rathi Share and Stock Brokers
Jan 20 Sebi has returned the draft IPO documents of Anand Rathi Group’s brokerage arm Anand Rathi Share and Stock Brokers, which proposed to raise Rs 745 crore through an initial share-sale, an update with the regulator showed on Monday.
Tech View: Nifty forms a bullish hammer pattern. What traders should do on Tuesday
Om Mehra, SAMCO Securities, notes that Nifty’s daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,150–23,200, the index seems poised for an upward move. Positive RSI divergence and a narrowing MACD histogram indicate reduced bearish pressure, supporting potential consolidation or a minor pullback before further gains.
Gold trades flat at Rs 82,000 per 10gm; silver slides Rs 500 on weak demand
Gold prices remained flat at Rs 82,000 per 10 grams in the national capital on Monday, according to the All India Sarafa Association. Traders waited for US President-elect Donald Trump’s inaugural address later on Monday before placing any directional bets, marketmen said.
Newgen Software Technologies Q3 Results: Profit rises 31% to Rs 89 crore
Tech firm Newgen Software Technologies on Monday posted a 30.8 per cent year-on-year increase in consolidated net profit to Rs 89 crore for the December quarter.
Wipro management on Q3 revenues, wage hike impact and Q4 order pipeline
Wipro’s CFO Aparna Iyer announced that the wage hike implemented in September has been fully absorbed, contributing to a Q3 operating margin of 17.5%. The deal pipeline remains robust, focusing on cost optimization and transformation investments. Attrition levels have marginally increased, but a positive outlook for AI, data, and cloud services sustains demand.
Will Trump’s tariff policies further impact global trade dynamics? Punita Kumar Sinha answers
So, I think markets are going to move a lot with policy announcements and that means that there could be volatility in the markets and it could be up days and down days based on what announcements are made and what that would mean for various companies and geographies.
RBL Bank shares skid 6% after Q3 net profit plummets 86% YoY to Rs 33 crore
RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
Indian Hotels shares tumble 4% after company posts Q3 profit at Rs 633 crore
Indian Hotels shares: Tata Group-backed IHCL shares fell 3.9% to Rs 782.20 despite reporting a 33% rise in quarterly profit to Rs 633 crore and a 29% increase in revenue to Rs 2,592 crore. CEO Puneet Chhatwal highlighted plans for 700 hotels by 2030 and remained optimistic about sector growth.
Trump 2.0 | Executive orders and tariffs could reshape global markets: Adrian Mowat
So, countries like Vietnam that might have benefited from people moving capacity from China to Vietnam but effectively importing a lot from China and processing in Vietnam, those types of situations being under more pressure.
Rising consumption and ongoing premiumisation is a story for India: Jonathan Schiessl
Jonathan Schiessl, Deputy CIO of Westminster Asset Management, remains optimistic about stock returns despite expected volatility with Trump 2.0. He highlights market differences from Trump’s first term, including higher interest rates and inflation, and maintains strong positions in India and emerging markets for long-term growth. Sectors like defence and consumer plays are seen as promising.