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Fear gauge index India VIX was down by 2.85% from 14.37 to 13.96 levels. Volatility cooled down from higher zones and paved the way for the bulls at declines. Now it needs to sustain below 14 for stability to resume the uptrend.

This is the first such hike undertaken by the parent firm after 10 years. The prior agreement with the parent for technology, trademark licence and central services was entered into in January 2013 for a period of 10 years

The multiplex industry is recovering from the pandemic-lows on blockbuster releases both in Hollywood and at home. PVR had logged losses in 10 of the 11 previous quarters.

The Nifty IT index closed 0.05 per cent up at 29632.35.

The consensus estimate for the stock is "hold". JK Tyre has an average target price of Rs 177.67, which represents a downside of -2.06% from the current levels. On Thursday, the scrip was down about 0.38% to last trade at Rs 181.40 on the NSE.

The Securities and Exchange Board of India (SEBI) is probing whether investments by the fund, known at the time as Reliance Mutual Fund, in perpetual bonds of Yes Bank were made as part of a deal whereby in return the lender invested in securities of Anil Ambani group companies, said two sources with direct knowledge of the matter. The sources declined to be named as the investigation is confidential.

Also, a meeting of the bank’s board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing

The brokerage is of the view that management change in the US region may help it to grow stronger & achieve desired revenue mix.

JM Financial expects stock to rerate upwards aided by steady delivery on growth and return metrics.

Nykaa shares are struggling near all-time lows, with a sharp drawdown seen in valuations.