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Zee Sony merger: Sony Group Corp is unlikely to extend merger negotiations with Zee Entertainment Enterprises Ltd. The termination notice of the proposed $10 billion merger between Sony and Zee is said to have been sent.

Rahul Shah discusses the performance of the auto sector and its ancillary pack. He mentions that the demand for the entire auto sector is coming back and that the stocks in this sector are undervalued. Additionally, he comments on the positive impact of stable crude prices on the tyre sector. Regarding Kotak Mahindra Bank, he states that the numbers were in line with expectations and further clarity is needed on the challenges related to deposits.

In the post-earnings conference call, the UltraTech management said it expects capacity utilisation to improve close to 80-85% in the three months to March, from about 77% in the December 2023 quarter.

Data analysed by ETMarkets showed that in at least four companies that are linked to Ayodhya Ram Mandir, retail investors raised their bets in the last three months.

On Saturday, 40 companies announced their quarterly earnings including ICICI Bank, Kotak Mahindra Bank and IDBI Bank. Here are highlights of these results:

A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment.

At 9:50 am, Bitcoin was trading 1.55% lower at $40,999, while Ethereum was down 2.09% at $2,421. Whereas altcoins, such as Solana, Cardano, Dogecoin, and Internet Computer, fell over 4% each.

No major Q3 results announcements are scheduled for 26th January due to the Republic Day holiday.

For a sample of 215 companies that have so far declared October-December results, revenue grew by 11.2%, while net profit rose by 14.2%. In the year-ago quarter, revenue expansion was 19% and profit growth stood at 6.5%.

Chip stocks have been on a roll since Taiwan Semiconductor Manufacturing (TSMC) upgraded its profit outlook last week on booming demand for high-end chips used in AI applications.