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L&T Technology Services reported 4% YoY drop in its consolidated net profit to Rs 322 crore, while revenue from operations were up 9% at Rs 2,653 crore in the third quarter.

A sustainable move above the hurdle 23,300-23,350 levels could further strengthen the upside bounce in the market. At the lows 23,050 is going to be a crucial support for the market, said Nagaraj Shetti of HDFC Securities.

Key companies such as Reliance Industries Ltd, Infosys, Axis Bank, and LTIMindtree are set to release their third quarter earnings. RIL is expected to show improved earnings due to better refining margins, while Infosys and Axis Bank may see moderate profit growth despite some challenges.

Expectations for more Fed rate cuts this year increased following the CPI data, and odds for an at least 25 basis point cut at the June Fed meeting.

Kitex Garments, Kore Digital, and Sattva Sukun Lifecare have fixed January 17 as the record date for their bonus share issues. Kitex Garments and Kore Digital announced a 2:1 bonus share issue, whereas Sattva Sukun Lifecare declared a 3:5 issue. Today is the last day to purchase shares to be eligible for these bonus issues.

The record date for a stock split (or any corporate action like a dividend or bonus issue) is the specific date set by a company to determine which shareholders are eligible to receive the benefits of that action.

​​The residual passthrough of tariff hikes taken in July 2024 and higher mobile broadband user additions are expected to aid Airtel’s Q3. To be sure, the impact of last year’s price hikes is likely to boost APPU of all three private carriers, with Airtel set to be the top gainer.

Executive director Ramesh Kalyanaraman dismissed this as "very absurd" in the call on Tuesday. The stock dropped 7% on Wednesday to close at ₹554.90, extending its losing streak to the ninth straight day. The 32% drop in the share price in this period has eroded the market cap of Kalyan Jewellers by ₹24,000 crore to ₹57,234 crore at the Wednesday close.

The US is the epicentre of flows for most markets worldwide. As a result, changes in interest rates there and movements in the dollar tend to impact flows into not just India but all emerging markets.