Latest Stock Market News

Suranjana Borthakur of Mirae Asset Investment Managers highlights their focus on decadal themes like consumption, banking financial, and healthcare. She advises balanced portfolio allocations, recommending mid and smallcaps alongside largecaps for long-term growth. With stable SIP inflows, hybrid and thematic funds are also expected to be attractive in the near future.

CLSA reaffirmed Bharti Airtel as India’s top telecom pick, citing robust growth potential and 5G expansion. Indus Towers, Tata Communications, and others also received mixed ratings, while Vodafone Idea faces ongoing challenges.

The Board of TCS approved a third interim dividend of Rs 10 per share and a special dividend of Rs 66 apiece for the financial year ending March 2025.

Indian indices closed lower, pressured by financial and IT stocks, foreign outflows, and concerns over U.S. rate cuts. Key movers included SRF, Navin Fluorine, Borosil, Swiggy, and IGL.

FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offloading up to 20% stake in the company through an offer for sale (OFS), which opens on January 10.

Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.

The Nifty Bank index closed 0.67 per cent at 49503.50.

Growth in loans and deposits across Indian banks has slowed down due to tight liquidity and significant FII outflows. This is affecting their margins and CASA deposits. Banks with exposure to riskier segments like microfinance and credit cards are facing more pressure. Experts suggest focusing on top banks like ICICI, SBI, and Federal Bank.