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India is in a great position to actually apply AI. And if the power situation gets resolved by having more power plants, you are going to probably need to add about two gigs worth of power to be able to support the data centres.

Deven Choksey sees India benefiting from the US tech sell-off, highlighting AI, semiconductor growth, and strong stocks in financials, engineering R&D, and hospitality sectors. Focus on quality stocks for long-term growth.

Revenue from operations is estimated to grow 3% YoY, while PAT may decline 14% YoY, according to four brokerages. JLR volumes (excluding China JV) are expected to drop 4% YoY due to weak EU and China markets, with overall revenues (ex-China JV) likely falling 4% YoY in Q3FY25, driven by declining volumes.

The RBI is boosting liquidity with OMOs to purchase government securities worth Rs 60,000 crore in three tranches (January 30, February 13, and 20, 2025). A 56-day Variable Rate Repo auction for Rs 50,000 crore is set for February 7, 2025, and a USD/INR buy/sell swap auction of $5 billion with a six-month tenor on January 31, 2025.

The National Stock Exchange of India (NSE) denied reports about appointing Siddharth Kotak as AI Promotion Chairman, calling them false and unauthorized. NSE clarified that no such person has joined them and advised the public to ignore the misleading information.

Elever, a SEBI-registered wealth tech platform, has launched its Portfolio Management Services (PMS) to deliver long-term, consistent returns through data-driven, quant-based strategies. The PMS includes four schemes designed for diverse investor needs: FactorAlpha, FactorAlpha SmallCap, FactorShields, and FactorIncome. Elever aims to raise Rs 1,000 crore in AUM in two years, leveraging factor-based investing and tactical risk-rotation models.

Most risks are known to the market. But then eventually the market kind of reacts. So, it is very normal and what has happened to the Indian markets is that we just had overvaluation of the market. Now, because there was a slowdown and because of this, that there is a reset of expectations as to what corporate earnings growth will be, that you are seeing this kind of a fall.

RailTel shares dropped 7.7% after a sequential 10% decline in Q3 net profit to Rs 65 crore. Revenue also fell by 9%, despite a 5% YoY profit increase. Telecom services revenue remained steady, but project work revenue decreased. Expenses reduced from the previous quarter, though the stock has seen a 22% YoY decline.