Shares in companies such as Bharat Heavy Electricals, Punjab National Bank, Canara Bank, RBL Bank, Indus Towers, Arvind, Birlasoft, Chalet Hotels, Coforge, Colgate-Palmolive, Dalmia Bharat, Exxaro Tiles, Fino Payments Bank, GHCL, Gujarat Mineral Development Corporation , Home First Finance Company, HSIL, Laurus Labs, LIC Housing Finance, Mahindra Logistics, CE Info Systems, Motilal Oswal Financial Services, Nippon Life India Asset Management, PSP Projects, Route Mobile, Transport Corporation of India, Vaibhav Global, Wabco India, and Wockhardt will be in focus when they announce their earnings for the December quarter today.
IT, Pharma, Realty under pres
Most Sensex shares in red
Nifty opens under 17,000
Sensex in pre-open
Nice in pre-open
Day Trading Guide for Thursday
4 shares to buy or sell today – January 27th
AGS Transact Tech IPO share allotment today
The AGS Transact Technologies IPO award is likely to be completed today. In 3-day bidding, the public issue worth ₹680 crore was drawn 7.79 times, while the retail part was drawn 3.08 times. According to market observers, AGS Transact Technologies IPO is GMP (gray market premium) today ₹5. So bidders are eagerly awaiting the announcement of the share allotment. For information to bidders, however, once the share allotment has been announced, they do not have to move from pillar to post. They can check their application status online by logging in to the BSE website or the website of the official registrar of IPO. The official registrar of AGS Transact Technologies IPO is Link Intime India Private Ltd.
Adani Wilmar IPO
The public offering of edible oil major Adani Wilmar (AWL), consisting of fresh shares, opens for subscription today and ends on January 31st. The price band for the three-day share sale is set at ₹218-230 pr. shares. On Tuesday, Adani Wilmar Ltd had left ₹940 crore from anchor investors prior to its IPO.
Do you need to subscribe when the number opens today? GMP, key details here
Bitcoin records the biggest jump since October on the Fed’s hawkish stance on raising interest rates
The Bitcoin price rose mostly for three months before the opposite gains in volatile trading, after the Federal Reserve signaled that it will soon start raising interest rates.
The largest cryptocurrency measured in market value rose as much as 6.4% to $ 38,927 before seeing its gains reduced by about half. The increase was the largest since October 15. Other risk assets fluctuated in value after the conclusion of the central bank’s political meeting.
Shares to see: IDFC, PNB, BHEL, Cipla
Here is the list of the 10 best stocks that are likely to be in focus on Thursday.
Fed Fallout sends sovereign interest rates soaring to heights across Asia
Bonds tumbled across Asia on Thursday following Federal Reserve Chairman Jerome Powell’s most recent high point, with Australian and New Zealand benchmark interest rates rising to fresh highs.
With growing expectations that the Fed’s stance will spur faster austerity from central banks around the world, New Zealand’s 10-year yield reached its highest level since November 2018, while its Australian counterpart rose to the top of the country’s meltdown in the bond market in October. Interest rates also rose in China, Japan and South Korea.
The sense that bonds globally are facing further sell-offs after last year’s worst route since 2005 was reinforced by data showing a 31-year high for New Zealand inflation. The region’s shares also fell, a measure of global volatility across assets hit a year-high, and two-year government yields extended their jump from one day to the Asian morning.
SGX Nifty futures traded 271.50 points (1.57%) lower at 16,992.50 in early trades
The rupee falls to 1 month’s lowest level against the dollar on currency outflows
The rupee fell 18 paise on Tuesday to close at a nearly one-month low of 74.78 against the US dollar due to dollar demand from oil importers at the end of the month, currency outflows and a stronger dollar in overseas markets. Investors’ weak appetite for more risky assets also weighed on the rupee. In addition, market participants are now looking at the US Federal Reserve’s meeting result for further signals. In the interbank foreign exchange market, the local currency opened at 74.60 against the dollar and experienced an intra-day high of 74.57 and a low of 74.80 during the session. The rupee eventually fell to 74.78, a fall of 18 paise compared to its previous close of 74.60. This is the second session in a row with losses for the local unit and the lowest closing level since December 27, 2021.
Indian markets resume trading today
India’s currency, debt and stock markets were closed on Wednesday due to Republic Day. Markets will resume trading today.
The NSE Nifty 50 index closed 0.75% higher at 17,277.95 on Tuesday, while the S&P BSE Sensex rose 0.64% to 57,858.15.
Asian stocks mixed
Asian stocks were mixed, and government bonds trimmed a fall Thursday as investors evaluated Federal Reserve Chairman Jerome Powell’s signal of a March rate hike and the possibility of increases at each political meeting.
Shares fluctuated in Japan and fell in Australia and South Korea, where Samsung Electronics Co. missed profit estimates. U.S. contracts rose higher after the fallout from the Fed wiped out a Wall Street rally on Wednesday.
The leading 10-year government interest rate was around 1.85%, and the difference between five- and 30-year interest rates was around the narrowest since the beginning of 2019. Global bonds succumbed to losses, with New Zealand’s 10-year yield hitting the highest since 2018 The dollar flirted with a one-month high.
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