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Sampath Reddy, Founder & CIO of Azurean Investment Managers, highlights the attractiveness of large private sector banks amidst current market conditions. He cautions against mid and smallcap segments due to elevated valuations and higher risks. Reddy also notes the strong performance and potential earnings growth in capital market plays but advises caution if market becomes bearish.

We believe 2025 will witness normalized returns from the markets as compared to superlative returns we have witnessed in the last few years.

eading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.

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.