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A special dividend announcement of Rs 67 per share by TV Today Network triggered a rally in stock by up to 14.30%. In the intraday deals on Friday, the stock has risen over 15%. The company has fixed February 13 as the record date for the same and the dividend will be paid to beneficial shareholders on the same date.

Bharti Airtel, Adani Green Energy, Adani Ports & Special Economic Zone, Ambuja Cements, Hero MotoCorp, Astral, NHPC Ltd. Gujarat Fluorochemicals Ltd. Deepak Nitrite Ltd. Phoenix Mills Ltd. Aditya Birla Fashion and Retail Ltd. Motherson Sumi Wiring India Ltd. GlaxoSmithKline Pharmaceuticals, Navin Fluorine International, Bayer Cropscience, Bharat Dynamics, Ramco Cements, and other domestic companies are set to declare the earnings on Tuesday

Looking at this pattern, in terms of FII flows, the market may remain vulnerable for a while till the adjustment (reallocation) is complete. Whenever such a reallocation trade happens, markets take anything negative that comes on the way to accelerate the adjustment process

The Indian market outperformed the top five G20 countries during the Covid pandemic to be a remarkable exception. >> For more such web stories click on the ET icon below

Gold is highly taxed in India. Being the second largest imported commodity, the metal heavily increases our import bill. This causes a widening of our Current Account Deficit as well. To tackle the deficit, the government has increased the basic customs duty on gold over years to manage the flow of imports

This will keep the rates at elevated levels for the first half of the FY 2023-24 as markets at the current levels are not pricing in the risk of liquidity fading away with credit offtake and RBI’s support being limited in the context of a liquidity withdrawal stance.

According to Trendlyne data, HDFC Bank, Federal Bank, HUL, TCS and Infosys have the most number of target price upgrades

State-owned LIC, which is amongst the largest institutional investors in Adani stocks, owns stake in 7 Adani Group stocks. Top bets include Adani Total Gas, Adani Ports and Adani Enterprises. In the last seven trading sessions, the PSU insurer has lost Rs 38,509 crore as the value of its investments decreased to Rs 42,759 crore

The market capitalisation (mcap) of HDFC Bank advanced Rs 23,900.84 crore to Rs 9,25,188.45 crore and that of Bharti Airtel climbed Rs 10,432.23 crore to Rs 4,42,015.45 crore.The valuation of Hindustan Unilever went up by Rs 7,988.61 crore to Rs 6,21,678.35 crore and that of HDFC gained Rs 6,503.28 crore to Rs 4,92,313.07 crore.

“I have been bullish particularly on the PSU banks which were quoting at one time of book because there is definitely opportunity for value pickup and rerating for some of these PSU banks. AMing the PSU banks. SBI is in a different category but beyond that also, there are some banks that merit attention.”