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Source: Live Mint Buy or sell stocks for today: Indian markets continued their positive momentum for the third consecutive session on Thursday, January 16, driven by global trends. Key US CPI data for December was below expectations, raising hopes that the US Federal Reserve might reduce interest rates sooner than anticipated. The expectations for a…
Source: Live Mint Shares of tyre manufacturer CEAT fell over 7 percent on Thursday, January 16, after the company reported a 46.5 percent year-on-year (YoY) decline in net profit to ₹97.1 crore for the third quarter ended December 31, 2024. The company attributed the decline to high raw material costs. In the same period last…
Source: Live Mint Nifty technicals: The Nifty 50 index has been in a corrective phase since September 2024, marking a steep 12 per cent decline from its record high of 26,277. This downturn has been fueled by a combination of weak domestic earnings, rising foreign investor outflows, and global macroeconomic concerns. VK Vijayakumar, Chief Investment…
Source: Live Mint After delivering moderate returns in 2024, Indian markets have lost 2.3 per cent in January 2025 so far. Today is the fourth straight day of losses for the benchmarks that have fallen in six out of the nine trading sessions so far in January. The losses come amid rising crude oil prices,…
Source: Live Mint Leading automaker Maruti Suzuki has announced its board meeting for January 29, 2025, to review and approve the company’s unaudited financial results for the quarter ending December 31, 2024. The update was shared in a regulatory filing, which stated, “Pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,…
Source: Live Mint Despite an over 17 percent decline in the last 1 year, global brokerage house Goldman Sachs has stated that the recent sell-off in Reliance Industries Ltd. (RIL) shares is “overdone,” with the stock price now nearing its “bear case” valuation. The brokerage firm reiterated its “buy” rating on RIL while reducing its…
Source: Live Mint Stock market today: Indian stock markets commenced trading on a downbeat note on Thursday, influenced by mixed signals from global markets. In the previous trading session on Wednesday, domestic stock markets bounced back from their lowest levels to end the day with minimal changes. At 14:16 IST, Sensex was down 513.02 points…
Source: Live Mint Stock market outlook: Global brokerage house HSBC has downgraded Indian equities to ‘Neutral’ from ‘Overweight,’ signalling a tempered outlook for the market’s performance. The downgrade comes amid concerns over high valuations and slowing growth momentum, which HSBC believes will cap near-term market gains. The brokerage has also revised its Sensex target for…
Source: Live Mint Shares of Easy Trip Planners Ltd., the parent company of the online travel aggregator EasyMyTrip, witnessed a significant 15 percent surge on Monday, January 6, following an announcement by its Chairman, Nishant Pitti, that no further stake sales by any promoters would occur in the future. Pitti took to X (formerly Twitter)…
Source: Live Mint 2025 Market Outlook: Brokerage house B&K has outlined its market outlook for 2025, highlighting the challenges and opportunities as investors navigate through a period marked by macroeconomic uncertainty and a shifting global landscape. The brokerage noted that the second half of 2024 was particularly challenging, and the earlier part of 2025 may…
