News

Shares of Metro Brands Ltd ended at ₹1,222.20, up by ₹2.20 or 0.18% on the BSE.

India’s palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil’s premium over rivals drives buyers to more competitively priced soyoil. Lower palm oil imports by the world’s biggest buyer of vegetable oils could weigh on benchmark Malaysian palm oil prices, but support US soyoil futures.

Shares of Bajaj Healthcare Ltd ended at ₹559.30, up by ₹25.55, or 4.79% on the BSE.

Shares of Reliance Industries Ltd ended at ₹1,268.70, up by ₹16.40, or 1.31% on the BSE.

India’s markets regulator SEBI, is pushing fund houses to popularise monthly investments as low as ₹250 to expand the reach of equity investing in the country. About 225 million investors currently invest via systematic investment plans (SIP) but a majority are from big cities. Introducing bite-sized SIPs would help take financial investments to smaller towns, which will give fund houses new markets to expand to.

In the January 16 interim order, SEBI noted that the role of the company’s statutory auditor GSA and Associates LLP needs further investigation.

Stocks to watch, Reliance Industries, Infosys, Axis Bank, LTIMindtree, BPCL, Havells, AstraZeneca, Power Finance Corp, Yatharth Hospitals, Hatsun Agro, HFCL and more, these are the stocks to watch for today.

The oil-to-telecom conglomerate’s consolidated revenue also grew by 6.97% YoY, totalling ₹2,43,865 crore compared to ₹2,27,970 crore in Q3 of 2023.

Looking ahead to Friday, market attention will shift to earnings reports from Tech Mahindra, Wipro, and SBI Life. Another key factor will be the market’s reaction to Reliance Industries’ results. The company delivered a strong quarter, with EBITDA rising 12% quarter-on-quarter versus estimates of 8%, driven by its O2C and Retail segments, while the Telecom and Oil & Gas businesses performed in line with expectations.

Reliance Retail reported of ₹90,351 crore, a 8.8% growth over the ₹83,040 crore in the year-ago period. The growth, seen across consumption baskets, was driven by festive buying and wedding season.  A CNBC-TV18 poll had estimated a moderate year-on-year (YoY) performance but a strong sequential growth for the quarter.