Latest Stock Market News

A total of 3,354 shares changed hands on the counter till time (IST).

State-owned Punjab and Sind Bank plans to raise Rs 2,000 crore through Qualified Institutional Placement (QIP) during the ongoing quarter, a top official of the bank said.

Kotak Mahindra Bank reported a 10% rise in December quarter net profit to ₹3,305 crore from the year earlier on the back of steady interest income growth.

Mortgage lender Can Fin Homes on Saturday reported a 6% year-on-year rise in net profit at ₹212 crore for the quarter ending December 2024. The lender had posted a net profit of ₹200 crore in the year-ago period.

Indian benchmark indices ended their two-session gain streak on Friday, with Nifty closing at 23,203.20, down 0.47%. Weak sentiment persisted due to resistance at key levels. Markets are expected to be impacted by global events, including Trump’s presidency and Q3 earnings announcements from over 240 companies, including HDFC Bank, Paytm, Zomato, and others, which could shape market direction next week.

In 2024, India’s ultra-high-net-worth investors showcased resilience, innovation, and adaptability, navigating equity, private markets, and global diversification. Key trends included robust equity market confidence, growth in private credit and equity, and the rise of single-family offices (SFOs). Technology-driven wealth management, alongside increasing interest in sustainability, ESG, and international investments, is expected to shape the investment landscape in 2025.

The third-quarter earnings season is in full swing, with 246 companies set to announce their results this week. Key earnings to watch include HDFC Bank, Paytm, Zomato, HUL, ICICI Bank, and others. Results will be declared across various sectors including banking, auto, pharma, and cement, with announcements scheduled between January 20-24.