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Abheek Barua, economist, highlights the need for adjustments in income tax rates, particularly for the lower middle class, to boost mass consumption. He suggests there may be tweaks or reductions in the upcoming budget to address this issue. Barua also advocates for increased allocations to welfare schemes like NREGA to support those outside the tax pool.

Adani Group shares will be in focus on 16 January after Hindenburg Research, a US short-selling firm, was disbanded. Its founder, Nate Anderson, announced the closure on 15 January, citing the completion of their investigative projects. The firm gained notoriety for reports that impacted Gautam Adani, resulting in significant financial losses for his businesses.

Sunil Subramaniam believes the upcoming Budget will boost consumption and is optimistic about the savings and investment segment rallying within the banking and financial services industry. The RBI policy on February 6 will also be significant in shaping investment decisions. Post-Budget, financial services and capital market infrastructure are expected to lead the market rally.

Despite the volatile market, Sensex and Nifty have delivered 8% - 10% returns in 2024. While the market outlook for 2025 seems volatile in the short term, it is expected to generate good returns by the end of 2025.

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.