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Recently, the price action of Angel One has been influenced by profit booking, resulting in a correction of nearly 35%. However, it has been observed that the stock is finding support at its fair value gap area around the 2340 level. The candlestick pattern formed during the previous trading session is a doji, which signals indecision amid the ongoing selling pressure—an encouraging sign.

The greenback was stabilising in the early Asian session after falling overnight and edging away from a more than two-year peak hit against a basket of currencies at the start of the week.

Investors must buy CESC and PCBL shares by today, January 16, to be eligible for interim dividends. PCBL is declaring an interim dividend of Rs 5.50 per share, while CESC is declaring Rs 4.50 per share. The ex-date and record date align due to the T+1 settlement system.

Brent crude futures were up 2 cents to $79.94 a barrel by 0205 GMT, after dropping 1.4% in the previous session. U.S. West Texas Intermediate crude rose 12 cents, or 0.15%, to $77.62 a barrel after a 1.6% drop.

In the T+1 settlement system, the record date and ex-date usually coincide. However, if a market holiday occurs immediately after the ex-date, they may differ.

​More clarity will come over the next 15 days as more US earnings will come in. But US banks are going to have a blockbuster quarter and you can expect more IT spends from US banks and Indian IT will benefit from that as well.

Rikhav Securities will launch their IPO today, aiming to raise Rs 89 crore through a mix of fresh equity and an OFS of 20 lakh shares. The IPO price band is set between Rs 82-86. The company plans to use the funds for working capital, IT software, and general purposes.

Naveen Mathur from Anand Rathi states that the rupee, despite its decline against the dollar, has performed better than other emerging market currencies. The rupee may stabilize at 85 levels medium-term but could drop to 87 in the short-term. Gold remains a safe haven with potential growth opportunities, and investment in gold is recommended.

Shares of HDFC Life, Bank of Maharashtra and LTTS will be in focus as the companies will announce their third quarter results today.