Markets fell in today's trading. Nifty 50 closed at 14241.80 (-191.9, -1.3%) , BSE Sensex closed at 48564.27 (-470.4, -1.0%) while the broader Nifty 500 closed at 11745.30 (-185.9, -1.6%)
Market breadth is sharply down. Of the 1721 stocks traded today, 317 were on the uptrend, and 1356 went down.
French oil and energy company Total will acquire a 20% minority stake in Adani Green Energy.
HDFC Securities maintains a 'Buy' on HCL Technologies and raises its target price on its IT services company following strong Q3 earnings. The brokerage's target price is 12% higher than the market price.
Caplin Point Laboratories' subsidiary Caplin Steriles Limited enters into a partnership with Canada's JAMP Pharma Group to manufacture injectables.
Dewan Housing Finance Corporation's (DHFL) committee of creditors approves the resolution plan submitted by Piramal Capital & Housing Finance.
KEI Industries, Suzlon Energy, and Orient Electric are trading with volume 3 times over the weekly average.
Indian Railway Finance Corporation's (IRFC) Rs 4,630 crore IPO is 50% subscribed on day 1 of the bidding. On January 15, IRFC raised Rs 1,390 crore from anchor investors.
Metropolis Healthcare will acquire Hitech Diagnostic Center for a cash consideration of Rs 511 crore. Its stock price is up by 11% since the beginning of the month.
L&T Financial Holdings is falling as it reports a 51% decline in net profit on a YoY basis to Rs 291 crore in Q3FY21.
HDFC Securities signals a 'Reduce' on Ashok Leyland, an 'Add' on Container Corporation of India, and a 'Buy' each on Tata Motors and Gateway Distriparks in its report on the transportation sector.
Goldman Sachs Singapore decreases its stake in Fortis Healthcare and Radico Khaitan in Q3FY21.
HDFC Bank reports an 18% YoY rise in net profits at Rs 8,758 crore for Q3, with net interest income growing by 15% to Rs 16,317 crore.
Indian markets slumped today. Nifty 50 was trading at 14380.60 (-53.1, -0.4%) , BSE Sensex was trading at 48744.14 (-290.5, -0.6%) while the broader Nifty 500 was trading at 11866.15 (-65.1, -0.6%)
Market breadth is in the red. Of the 1618 stocks traded today, 593 showed gains, and 940 showed losses.
Riding High:
Largecap and midcap gainers today include UPL Ltd. (555.30, 6.27%), ABB India Ltd. (1348.60, 4.98%) and 3M India Ltd. (21381.10, 2.96%).
Downers:
Largecap and midcap losers today include Petronet LNG Ltd. (241.95, -6.83%), Larsen & Toubro Infotech Ltd. (4000.00, -6.71%) and Adani Transmission Ltd. (404.00, -6.67%).#NIFTYBANK #NIFTY50