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Sanjiv Bhasin highlights the performance of the midcap index and the earnings of companies like REC, PFC, NBCC, GAIL, IREDA, and Colgate. He expresses optimism about the Bank Nifty and the stellar performance of ICICI Bank and PSU stocks. He mentions the underperformance of HDFC and the potential impact on its stock price. He also discusses the merger cancellation of Zee Entertainment and predicts changes in its ownership. He suggests considering largecap banks like ICICI Bank and identifies potential opportunities in stocks like Dhanlaxmi Bank and Indus Tower.

Short buildup means more people are expecting the prices to go down and creating short positions.

Officials are also weighing other options and may announce some of them as soon as this week if approved by the top leadership, the people said. The plans are still subject to change. The China Securities Regulatory Commission didn’t respond to a request for comment.

Even as the stock exchanges observed a trading holiday on Monday, January 22 on account of the Ayodhya Ram Mandir consecration ceremony, 42 companies listed on the BSE announced their December quarter earnings.

Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan Chase & Co. is suggesting investors buy five-year notes as yields have already climbed to levels last seen in December, though it warned that markets are still too aggressive in pricing for an early start to central bank interest-rate cuts.

Total provisions in the December quarter fell to ₹2.4 crore from ₹33 crore a year earlier. The gross non-performing assets ratio remained stable at 1.69% compared with 1.7% earlier.

Its net interest margin, a key profitability metric, was at 4.32% for the quarter, a tad lower than the 4.36% seen during the corresponding quarter of the previous year, due to the rise in the cost of funds. The cost of deposits rose by 99 basis points to 5.25% for the quarter.

"Sony Pictures Networks India Private Ltd (SPNI) (now known as Culver Max Entertainment Ltd), a wholly owned subsidiary of Sony Group Corp (Sony), today issued a notice terminating the definitive agreements entered into by SPNI and Zee Entertainment Enterprises Ltd," the Japanese company said in a press release issued on Monday.

​​Services, financial services, and power were among the sectors that received the highest in flows after oil and gas, of over Rs 1,000 crore each. Financial services received Rs 1,248 crore after the sector received record flows of over Rs 29,168 crore in December 2023.