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As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

The market is falling on its own weight due to the fragility caused by the rally in Q4 of CY23. Specific companies that do not deliver are being severely punished. Bad earnings are getting challenged and not seeing follow-through. Manufacturing numbers are expected to hold up well, and festival demand has been decent. Private banks, such as HDFC, LTI Mindtree, and Asian Paints, have been hit by poor earnings. The fear is that other private banks may also display disappointment in asset quality, liquidity, and loan growth.

IndiaMART InterMESH Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 15595.48 Crore) operating in Services sector.

Shares of Shree Marutinandan Tubes listed with a 40% premium on the BSE SME platform. The stock was listed at Rs 200, compared to the issue price of Rs 143. The public offer was booked 47 times, with strong subscription from retail and other investors. The company trades galvanized, mild steel, black, and solar structural pipes. It is expanding its business by outsourcing manufacturing to Shree Kamdhenu Machinery for agricultural equipment.

Promoters held 23.75 per cent stake in the company as of 31-Dec-2023, while FII and DII ownership stood at 60.69 per cent and 10.62 per cent, respectively.

Mayuresh Joshi says: “What happens in terms of tax implications for Polycab is something that the Street would like to watch out for. That will remain as the biggest overhang for the stock from a near to medium-term perspective. The numbers are quite reasonable, quite okay. There are structural tailwinds for the sector. But the tax will keep the stock range-bound.”

Gold prices were set on Friday for their worst week in more than a month, as the dollar and Treasury yields strengthened after U.S. central bankers pushed back against expectations of early rate cuts amid signs of resilience in the economy.

So far in January, shares of the index major have gained nearly 6%. The earnings and the outlook that RIL will offer will decide the sustainability of the gains in the counter.

The other important results will be from the likes of Atul, Central Bank, Hindustan Zinc, RBL Bank, Sunteck Realty and Supreme Industries.