In News

In News

Aditya Birla Fashion & Retail: The company proposes to raise funds by issuing 5,000 listed, unsecured, rated, redeemable non-convertible debentures of face value of Rs 10 lakh each issued at par aggregating to Rs 500 crore on private placement basis, on or after January 13.

Gland Pharma: Singapore subsidiary, Gland Pharma International PTE has entered into a share purchase agreement with FPCI Sino French Midcap Fund and others to acquire 100 percent stake in Cenexi and the Cenexi Holding Entities.

JK Cement: A wholly owned subsidiary JK Paints & Coatings invested Rs 153 crore and completed the acquisition of 60 percent equity shares of Acro Paints.

Lupin: The company received approval from USFDA for Fesoterodine fumarate extended-release tablets. Fesoterodine fumarate is a generic equivalent of Toviaz extended-release tablets of Pfizer Inc. These tablets had estimated annual sales of $177 million in the US as per IQVIA MAT data as of September 2022.

National Fertilizers: The company clocked 27 percent growth in total fertilizer sale during April-December 2022 as compared to corresponding period last year. The company reported total fertilizer sales of 49.71 lakh MT compared to 39.25 lakh MT in corresponding period last year.

HCL Technologies: The ODP Corporation has selected HCL Technologies as its primary IT partner. HCL will provide end-to-end IT operations and enterprise-wide digital transformation to support ODP's business strategy in its Office Depot, ODP Business Solutions and Veyer business units.

Titan Company: Total sales climbed by around 12 percent year-on-year during the third quarter of fiscal year 2022-23. In the last quarter, the company added a total of 111 new retail outlets and jewellery business grew 11 percent.

Tata Steel: India business production up 4.2 percent at 5 million tonne and delivery volumes down 3.6 percent at 4.73 million tonne, QoQ. Europe business production fell 6.25 percent at 2.25 million tonne and Europe business delivery volumes rose 4.8 percent to 1.96 million tonne, QoQ.

Closing Indices

06th Jan 2023 

Bse Sensex Closed @ 59900.37 ⬇️ 452.90 Points 

Nse Nifty Closed @ 17859.45 ⬇️ 132.70 Points 

Bank Nifty Closed @ 42188.80 ⬇️ 419.90 Points 

India VIX Closed @ 15.0250 ⬆️ 0.0425 Points

Weekly 02th -- 06th Jan 2023 

Bse Sensex Closed @ 59900.37 ⬇️ 940.37 Points 

Nse Nifty Closed @ 17859.45 ⬇️ 245.85 Points 

Bank Nifty Closed @ 42188.80 ⬇️ 797.65 Points 

India VIX Closed @ 15.0250 ⬆️ 0.1575 Points

Key Events

Key events this week:

Eurozone retail sales, CPI, consumer confidence, Friday

Germany factory orders, Friday

US nonfarm payrolls, factory orders, durable goods, Friday

Some of the main moves in markets:

Stocks

The S&P 500 fell 0.6% as of 9:30 a.m. New York time

The Nasdaq 100 fell 0.7%

The Dow Jones Industrial Average fell 0.5%

The Stoxx Europe 600 fell 0.2%

Currencies

The Bloomberg Dollar Spot Index rose 0.5%

The euro fell 0.5% to $1.0550

The British pound fell 1.2% to $1.1914

The Japanese yen fell 0.7% to 133.62 per dollar

Cryptocurrencies

Bitcoin was little changed at $16,805.36

Ether fell 0.3% to $1,248.9

Bonds

The yield on 10-year Treasuries advanced eight basis points to 3.76%

Germany’s 10-year yield advanced seven basis points to 2.34%

Britain’s 10-year yield advanced six basis points to 3.55%

Commodities

West Texas Intermediate crude fell 0.3% to $72.59 a barrel

Gold futures fell 1% to $1,839.90 an ounce.