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"I want to basically create a portfolio which will have stocks like L&T, NCC in the infrastructure or maybe IndusInd Bank, Canara Bank and even HDFC Bank in the banking space. There can be some soft commodities or food companies like Daawat and metal companies like Vedanta. I would want a little balanced portfolio for this year "

“Bajaj Finance is purely on the retail side. As rates move up, there is a high possibility that there could be an uptick in NPAs also. If you look at it, the difference between Bajaj Finance and the overall financial sector, like credit growth of the system, has reached 17-18%. ”

“Options data suggests a broader trading range in between 17700 to 18500 zones while an immediate trading range in between 17850 to 18250 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.

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Presence of green tall bar post a pullback off supportzone implies a reversal in trend in place since April.

Dollar stays bullish on resilient U.S. jobs market

Updated at : 2023-01-06 09:35:04

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Markets now turn their attention to the closely-watched nonfarm payrolls report due later on Friday, with economists polled by Reuters forecasting the U.S. economy to have added 200,000 jobs in December.

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Data from the U.S. Energy Information Administration (EIA) showed on Thursday that distillate inventories, which include diesel and heating oil, dropped more than expected in the week to Dec. 30. They fell 1.4 million versus expectations of a 396,000-barrel drop.

The U.S. currency remained elevated versus major peers on Friday. The dollar index, which measures the greenback against six counterparts including the euro and yen, was trading little changed at 105.11 after jumping 0.91% overnight and touching 105.27 for the first time since Dec. 8.

Samsung had said in October that it did not expect much change to its 2023 investments. Analysts said that Samsung has a history of not announcing production cuts in memory chips, but could organically adjust investment by delaying bringing in equipment or through other ways.

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Airtel, Paytm and Jio, have officially communicated their position to the Ministry of Electronics and Information Technology through a submission routed through IAMAI, accessed by ET.

Asset quality improves at small finance banks, NBFCs

Updated at : 2023-01-06 07:25:03

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"Collection efficiency maintained at 99% plus, with restructured and NPA books showing healthy collections. The bank continues to focus on stressed buckets and reducing incremental overdues," Ujjivan said in a regulatory filing to stock exchanges. Suryoday said it sold a pool of stressed assets amounting to Rs 492 crore for Rs 135 crore in December. Out of this, Rs 64 crore was technically written off accounts and the balance are NPAs.

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