Prices had been sliding lower since September 2022. Since the start of January 2023, the price has been rising gradually forming higher highs and higher lows. The latest candle formed is a bullish engulfing which is a bullish reversal pattern. This point of reversal also coincides with rising trendline support.

The markets took heart from the WPI numbers, despite the retail inflation breaching RBI’s tolerance level. Meanwhile, the private sector banks have started showing an upward momentum.

It is rare but not unprecedented for Berkshire to quickly undo a multi-billion dollar investment in a company's stock. In the first quarter of 2022, Berkshire sold nearly all of what had been an $8.3 billion stake in Verizon Communications Inc that it amassed in late 2020.

The February futures contract of Nifty 50 traded on the Singapore Exchange indicates a negative start to domestic equities. The contract was trading at 17,905 , down 22.5 points or 0.13% from the previous close.

Williams on Tuesday sounded a touch more hawkish note, and said that ending 2023 with the benchmark overnight interest rate between 5.00% and 5.50% "seems to be the right kind of framing" for the policy outlook.

The dollar index was steady at 103.32. The Australian dollar eased a bit to $0.6959 even as central bank Governor Philip Lowe said rates would need to rise further to contain inflation in remarks to a parliamentary committee.

Wall Street had an upbeat start to the year, lifted by renewed interest in volatile growth stocks battered in 2022 as the Fed raised rates aggressively to bring steep prices under control.

Private banks increased their profit by 33% to Rs 36,512 crore in Q3 from Rs 27,370 cro-re in the previous year, while PSU banks have increasedtheir bottom line by 64% to Rs 30,101 crore from Rs 18,307 crore in the year-ago period.

Vodafone Idea's consolidated net loss for the quarter ended December widened to Rs 7,990 crore. Meanwhile, consolidated revenue increased 9.3% year-on-year to Rs 10,621 crore.

If the deal takes place at this valuation, it will become the most valuable two-wheeler EV company in the country. The current market value of TVS Motor is Rs 51,238.15 crore.

MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff. If it reflects a significant downgrade in the ESG ratings of any of the Adani companies, they could be removed from ESG indexes and trigger a fresh round of selling.

The Adani Group completed the acquisition of Holcim's stakes in Ambuja Cements and ACC in September 2022. The group, which has an estimated debt of $30 billion, has been looking at ways to calm nervous investors.

These funds will be used to part-finance the planned ₹5,000-crore equity infusion by the promoters into Vi, following the Indian government's decision to convert dues worth ₹16,133 crore into equity, said two people directly aware of the matter.

As many as nine of the 14 analysts, who reviewed Nykaa's earnings, slashed their price targets. On aggregate, analysts cut the consensus target by 33% to ₹213.5 apiece, according to a Bloomberg poll of analysts.

Age diversity is seen as an important aspect of effective board governance. To be sure, the average age of Indian boards is lower than that of companies in the US and UK. According to Prime Database, the average age of directors on Indian boards is 59 years, compared with 63 in the US.

“At least 31 airports are under Krishi Udan. We are speaking to the Ministry of Defence to include 21 more,” Scindia said, while speaking on the second day of a meeting of the G20 Agriculture Working Group.

However, Dangra also pointed at a number of factors to suggest the crisis doesn't seem to cause meaningful contagion risk to the Indian financial system directly. Based on external estimates, the banking system's exposure to Adani Group is less than 1%, he said.

Investcorp Private Equity Fund II, a buyout fund managed by IDFC Alternatives PE and Bahrain-based Investcorp Strategic Capital Group, sold 450,000 Safari Industries' shares on BSE at ₹1,861.44 apiece. HDFC Mutual Fund bought a major chunk of the shares. Names of other buyers were not publicly available.

According to exchange data, the company has bought back 60.4 million shares or 1.44% of the total equity capital at an average of ₹1,539 apiece. The average buyback price was 16.6% below the maximum offer price of ₹1,850.

Axis bank stock hit a fresh record high of Rs 970 on January 4, 2023, but failed to hold on to the momentum. The stock closed at Rs 858, which translates into a downside of around 12%.

He added that as more investors get comfortable with India there could be more foreign capital inflows to the country. Some recent events in the country's financial markets will not have a bearing on those.

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

CCI has approved acquisition of certain equity share capital of LT Foods Ltd by SALIC International Investment Corporation, according to an official release.Last year in November, LT Foods said it has raised nearly Rs 390 crore by selling shares to Saudi Agricultural and Livestock Investment Company (SALIC) through private placement

​According to the release on Tuesday, Adani Group’s gross debt stood at Rs 2.26 lakh crore ($27.3 billion) at the end of September, and that amount is forecast to remain steady through the end of March

The U.S-based firm, which manages nearly a trillion dollars in assets globally, said India is one of its best-performing markets

According to bulk deal data available with the BSE, Investcorp Private Equity Fund II sold 4,50,000 shares, amounting to 1.89 per cent stake in the company.The shares were sold at an average price of Rs 1,861.44 per piece, taking the transaction value to Rs 83.76 crore

True North may consider selling some of its stake, according to the report. A deal could also involve issuing new shares, it said. However, deliberations are still at an early stage. Details such as size and structure could change and the insurer could decide not to go ahead with the stake sale, it added

Traders are now betting heavily that the Fed will continue to raise rates, by a quarter of a percent at each of its next two meetings in March and in May, based on pricing in futures contracts tied to the Fed policy rate. That would bring the benchmark rate to where Fed policymakers have since December said it will need to go to be "sufficiently restrictive" to bring down inflation

"After a positive start, Nifty gradually inched higher as the day progressed. Buying aggression is witnessed after crossing the intraday resistance around 17,880 levels. The benchmark index closed above its previous 9 sessions high at 17,929 with a gain of 0.89 % and witnessed a consolidation breakout. Prices have whipsawed its bearish engulfing candlestick pattern and have closed above the same," said Rohan Patil, Technical Analyst, Samco Securities, said

"Within the private banking space, we like Axis Bank for fresh accumulation or adding to the existing positions. It has retraced from its record high i.e. 970 levels and inching closer to the major support zone around 820 levels," Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.

BSE benchmark Sensex surged 600 points on Tuesday, propelled by market heavyweight RIL, ITC, banking and IT shares amid positive global cues. Sliding crude oil prices in the international markets and buying by foreign investors also bolstered sentiment, traders said. Global sentiments were also supportive on Tuesday. Nifty gained close to 1% and settled at 17,929 points. Sector-wise PSU Banks, Private Bank, FMCG and IT pack were the top gainers, while auto, realty and pharma stocks emerged as losers"After a gap-up opening, the market held positive momentum and also cleared the short-term resistance of 17,900 which is broadly positive. We are of the view that as long as the index is trading above 17800, the reversal formation is likely to continue. Above the same, the index could move up to 18050-18100. On the flip side, the uptrend would be vulnerable below 17,800," said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities

The Dow Jones Industrial Average fell 51.84 points, or 0.15%, at the open to 34,194.09

The Sensex benchmark index ended Tuesday up by approximately 600 points at 61,032. During this rally, five stocks belonging to the BSE 500 index achieved new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement

Ircon is a state-owned specialised construction organization covering the entire spectrum of construction activities and services in the infrastructure sector

Nifty is now at the hurdle of ascending the trend line around 17950-18000 levels. Hence, a decisive upside above 18K is likely to open a quick follow-through upside towards 18250 levels in the near term, chart readers said

US-based short-seller Hindenburg in a January 24 report alleged that the Adani Group pulled "the largest con in corporate history" using offshore tax havens and stock manipulation

According to Dilip Parmar, Research Analyst, HDFC Securities, the Indian rupee underperformed among Asian currencies amid foreign fund outflows from domestic equities

Revenue from the O2C business saw a double-digit 10% YoY growth on account of higher price realisation, while the retail segment's revenue grew 17%

Adani Ports was among the top large-cap stocks bought by mutual funds in January. However, they sold Adani Enterprises, Adani Green Energy, Adani Transmission, and Ambuja Cements, data collated by brokerage ICICIdirect showed.

From the Sensex pack, ITC, Reliance and Bajaj Finance were the top gainers, rising about 2-3%. ICICI Bank, Infosys, Axis Bank, Tech Mahindra, Wipro, M&M and Bharti Airtel also ended with gains

While announcing the quarterly results of his flagship company Adani Enterprises, the industrialist said as a classical incubator with a vision of long-term value creation, the company will continue to work with the twin objectives of moderate leverage and looking at strategic opportunities to expand and grow

Adani Ports was among the top large-cap stocks bought by mutual funds in January. However, they sold Adani Enterprises, Adani Green Energy, Adani Transmission, and Ambuja Cements, data collated by brokerage ICICIdirect showed.

Accuracy Shipping is a transportation and logistics company which offers production, storage, handling, and distribution of freight and cargo. The company has delivered blockbuster returns to investors in the last 5 years, offering over 500% to investors. So far this year, the company's stock is up about 13%.

Its revenue from operations, meanwhile, came in at Rs 3,659.9 crore, higher by 17.7% in the December quarter against Rs 3,109.1 crore in the last year period, whereas, the revenue dropped 0.5% QoQ from Rs 3,661.6 crore in the September quarter

From the Sensex pack, ITC, Reliance and Bajaj Finance were the top gainers, rising about 2-3%. ICICI Bank, Infosys, Axis Bank, Tech Mahindra, Wipro, M&M and Bharti Airtel also ended with gains

Sensex resumes rally after 2-day hiatus, surges 600 points; Nifty above 17,900; ITC jumps 3%, Adani Ent 2%; Oil India, Finolex Cables, Cochin Shipyard are some of the top gainers in closing trade.

On Monday, the Supreme Court of India said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to media baron Kalanithi Maran and his Kal Airways towards dues from the arbitral award of Rs 578 crore

Most of the oscillatory suggest a possible uptrend. Hence, short-term traders can look to buy the stock now or on dips towards Rs 977-1,075, they say. Supertrend indicators also triggered a buy in October on the weekly charts.

Transparent taxation, simplified documentation, and inclusive finance were the three pillars of the budgetary reforms. To further these efforts, the finance minister will take a consultative approach towards framing regulations. Here is a glimpse of some of the crucial proposals for individuals:

National Fertilizer posted revenue from operations of Rs 10,137.34 crore in the quarter ended December 2022 as against Rs 5,091.71 crore during the quarter ended December 2021, representing a gain of 99%.The company recorded total expenses of Rs 9,384.06 crore in Q3FY23 compared to Rs 5,080.9 crore in the year-ago quarter. The EPS of National Fertilizer reached Rs 11.29 in Q3FY23 as compared to Rs -(0.47) in the same quarter last year