US stocks rallied to close higher on Friday, as the S&P 500 and Dow snapped a three-session losing streak and the Nasdaq rose more than 2%, as quarterly earnings helped lift Netflix, while Google parent Alphabet climbed after announcing job cuts. Shares of Netflix jumped as the streaming company added more subscribers than expected in the fourth quarter and said co-founder Reed Hastings was stepping down as chief executive. Alphabet Inc was the most recent company to announce job cuts as it said it was cutting 12,000 jobs, sending shares higher.

“Till the time the index trades above 17,800 on a closing basis, the pattern is eventually expected to break out on the upside. Nifty will be set for a larger bounce, once it crosses the near term barrier of 18,050,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.

Leading Indian manufacturer of Speciality Chemicals and Pharmaceuticals with a global footprint. Chemicals manufactured by Aarti are used in the downstream manufacture of pharmaceuticals, agrochemicals, polymers, additives, surfactants, pigments, dyes, etc. Borrowings increased due to increased CAPEX. Technically bearish as the price is moving inside an ending diagonal. It will bottom out once price breaks out upside of this falling wedge highlighted. Monthly RSI shows strong bullish …

“The recent recovery in the global markets has failed to impress the participants so far. However, the mood might change if they manage to sustain the gains. To regain some strength, Nifty should decisively cross the 18,100 mark. Meanwhile, participants should restrict positions and prefer a hedged approach,”Ajit Mishra, VP - Technical Research, Religare Broking said.

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High channel inventory, subdued export demand, high sales returns and repricing of chemicals likely dented the performance/earnings for the quarter ended December

In the Nifty 50 index, 12 stocks ended in the green, while 36 stocks closed in the red in today's trade.

In the Nifty pack, 12 stocks closed in the green, while 36 stocks ended in the red.

In the Nifty50 index, 12 stocks closed in the green, while 36 stocks ended in the red.

After showing weakness in the last couple of sessions, Nifty witnessed a decent upside bounce on Monday and closed the day higher by 151 points. After opening with a slightly positive note, Nifty continued its upside momentum for the whole session.

“Indian shares opened lower on Friday, dragged by losses across most sectors, on recession fears in the US and hawkish commentary by major central banks, following their US counterpart. US retail sales in November fell more than expected, suggesting higher borrowing costs and fears of an imminent recession are hurting household spending in the world's largest economy,” Mohit Nigam, Fund Manager & Head, Hem Securities, said.

Specialty chemical companies have witnessed a smart recovery in manufacturing operations in the past one year, after the Covid-led disruptions. Supply-chain disruptions and uncertainty in China have created a significant opportunity for domestic chemical companies. Outsourcing will strengthen further as not only the supply chain shifts away from China but also from Europe on account of higher costs, said analysts.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 24106.52 Crore) operating in Pharmaceuticals sector.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 25362.59 Crore) operating in Pharmaceuticals sector.

Money managers increased the weights of banks, technology, oil & gas, capital goods, and utilities, while moderating weights in consumer, NBFCs, autos, healthcare, retail, chemicals, telecom, consumer durables, and textiles, shows a report by Motilal Oswal.

Shares of Arfin India will trade ex-split in the ratio of 1:10. The companys shares will be sub-divided from a face value of Rs 10 to Re 1. Also, shares of Compuage Solutions will go ex-rights for the rights issue of eight shares for every 25 shares held offered at the rate of Rs 20 per share.

Aarti Industries, Abbott India, Agarwal Industrial Corporation, AIA Engineering, GE Power, Apollo Tyres, Balkrishna Industries, Bharat Forge, CESC, Dish TV, Eros International, FDC, Future Lifestyle, GMR Airports, Grasim Industries, Hinduja Global, JM Financial, Khaitan, Kaveri Seed, Marksans Pharma, MMTC and DCX Systems among others will be announcing results.

Archean Chemical Industries markets the products to 18 global customers in 13 countries and 24 domestic customers. The company was the largest exporter of industrial salt in India with exports of 2.7 million MT in FY 2020-21.

Global brokerage firm Haitong Securities has initiated coverage on state-owned lenders Canara Bank and Indian Bank with 'outperform' ratings. It has a target price of Rs 290 and 255 on these stocks, respectively.

Wall Street stocks retreated early Wednesday, putting a two-day winning streak at risk, on worries over higher interest rates despite another round of largely solid corporate earnings

Wonder Fibromats, Electronics Mart India Ltd., Aegis Logistics, Kuantum Papers and Venus Pipes & Tubes Ltd., hit their fresh 52-week highs during the day.

The Nifty Auto index closed 0.09 per cent down at 12721.05.

The Nifty Pharma index closed 0.1 per cent up at 13021.75.

As on record date, shareholders will receive one equity share of Aarti Pharmalabs for every four shares of Aarti Industries. The company had announced the demerger last year in August to focus on the opportunities within each sector separately

NTPC, JSW Steel, SBI, Bajaj Finserv and Coal India Ltd were among the top losers on NSE in today's trade.

The Nifty IT index was trading 0.38 per cent down at 28206.55.

The Nifty Auto index was trading 0.56 per cent up at 12804.05.

Wonder Fibromats, Electronics Mart India Ltd., SecUR Credentials, Mazda Ltd and Ace Integrated Solut, hit their fresh 52-week highs at 11:06AM.

SBI, HCL Tech, Infosys, Sun Pharma and HUL were among the top losers on NSE.

The Nifty Realty index was trading 0.41 per cent up at 427.2.

The Nifty Bank index was trading 0.57 per cent up at 40549.25.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 27666.31 Crore) operating in Pharmaceuticals sector.

Aarti Industries Ltd., incorporated in the year 1984, is a Mid Cap company (having a market cap of Rs 27666.31 Crore) operating in Pharmaceuticals sector.

These companies are positive on the long-term structural growth of the Indian chemicals sector on the back of China plus one strategy, focus on reducing chemical imports, R&D capabilities, and its leading and strong position with favourable government policies, the brokerage report said.