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Asset reconstruction companies are hiring specialised collection agencies to recover unsecured retail loans as stress in this segment increases. ARCs are prompted by the need to use external infrastructure and banking guidelines. A push towards professionalisation in loan recovery is underway.

Strong support is placed at 23,300 which we expect to hold as it is the confluence of 61.80% retracement of the June-September rally (21,281-26,277) coinciding with the 52-week EMA at 23,350. Buying on dips in quality stocks would be the prudent strategy.

Bajaj Allianz Life and Bajaj Allianz General, HDFC Ergo General Insurance, SBI General Insurance, and Kotak Life are large unlisted insurance companies.

Officials have unveiled measures aimed at bolstering growth, including cutting interest rates and easing homebuying restrictions, but economists have warned more direct stimulus may still be needed.

The Glass-Lined Equipment (GLE) industry is poised for significant growth, driven by multiple factors. GLE protects the contained media from exposure to water, other chemicals, alkalis, and corrosion, providing a desirable environment for storing the media. GLE is resistant to contamination and capable of operating in a variety of environments.

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Emerald Finance, Samsrita Labs, Longspur International Ventures, Asian Flora, Mapro Industries will announce their quarterly results on January 6.

Nifty is expected to see movement due to various factors when markets reopen. These include Q3FY25 earnings reports, US market trends, FII/DII actions, and technical factors. IPOs and corporate actions will also influence the market. Changes in the Rupee vs Dollar and crude oil prices are critical as well. Traders should keep an eye on these elements.