Latest Stock Market News

"Subdued Q3 results, soft Budget expectations, a slowing economy, FII selling, and concerns over global interest rate hikes defined the market in the past week," said Vinod Nair, Head of Research, Geojit Financial Services.

Private lender Axis Bank is among a range of domestic companies that will announce earnings on Monday. Here are some of the key corporate earnings to watch out for:

Industrial production fell 0.7% in December, thus marking the worst decline since September 2021 as manufacturing loses its momentum further due to high-interest rates and elevated prices. The data showed a decline of 1.10% in November.

This time around, metal stocks have generally been on the positive side in the last month. So, there is a 60% chance that we are going to see a positive move post the Union Budget. The power sector has been witnessing profit booking since September, pulled down majorly by institutional activity. Institutions have been net sellers to the tune of Rs.1463 crore in the last four months.

From a data perspective, during the recent recovery, the Nifty saw closure among short positions as FIIs closed their shorts last week. Moreover, the prevailing high Nifty premium has declined considerably in the last few sessions and is just close to 20 points ahead of the monthly settlement. However, aggressive Call writing is continued at ATM and OTM strikes which may act as an immediate hurdle. However, acceleration might be seen if Nifty can move above 18,200 levels.

The asset under management (AUM) grew by 17 per cent from Rs 2,56,870 crore as on December 31, 2021 to Rs 2,99,990 crore as on December 31, 2022 with debt-equity mix of 71:29, it said.

Shares of Netflix Inc jumped 8.46% as the streaming company added more subscribers than expected in the fourth quarter and said co-founder Reed Hastings was stepping down as chief executive.

The bank, which was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in November 2015, continued to wind down infrastructure financing and reduce single borrower exposure as per stated strategy.

The index has created a very well-defined trading range for itself at the moment and continues to stay within the defined boundaries. Markets witnessed mixed trends throughout the previous week. It stayed quite ranged and the trading range too remained narrow as the Nifty oscillated in a 330-point range in the past five sessions.

Adani Group has consistently aligned itself to support Prime Minister Narendra Modi’s agenda. It has pledged more than $70 billion to help India pivot from being a fossil fuel importer to a generator of renewable energy.