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Three UK partners with TCS:
Tata Consultancy Services (TCS) has been selected by Three UK, one of the UK’s leading mobile network carriers, to help the latter configure its mobile network for its ongoing rollout of 5G services.
BSE Power Index fell over 2 percent dragged by the Adani Transmission, BHEL, NTPC:
Uflex secures patent:
The chemicals business of UFlex announced securing of a patent (Patent No 354903) on ‘A process for the preparation of Epoxy Ester Resin’ in accordance with the provisions of the Patents Act, 1970. This is the first patent for chemicals business ever in India and it will be considering applying for a global patent in due course of time.
Rupee Updates: Indian rupee is trading lower at 73.24 per dollar, amid selling seen in the domestic equity market. It opened lower by 10 paise at 73.22 per dollar versus Friday’s close of 73.12.
Market Updates: Benchmark indices are trading lower with Nifty around 14300.At 11:12 hrs IST, the Sensex is down 271.74 points or 0.55% at 48,762.93, and the Nifty down 103 points or 0.71% at 14,330.70. About 606 shares have advanced, 1975 shares declined, and 106 shares are unchanged.
Caplin Point partners with JAMP Pharma:
Caplin Point Laboratories’ subsidiary Caplin Steriles has entered into a strategic partnership with JAMP Pharma Group for six injectable products to be filed shortly in Canada. Some of these products have already been filed by Caplin Steriles in the USA.
What Should Investors Do With HCL Technologies After Q3 Result: Buy, Sell Or Hold?
Dollar revenue during December quarter stood at $2,617 million, up from $2,507 million in the second quarter of FY21.
Gravita India bags order worth Rs 125 crore: Gravita India Limited has signed an annual agreement with Sorin Corporation, a subsidiary of Korea Zinc Co Limited-for supplying of approx 8,000 MT of refined lead to be executed in calendar year 2021, which at current lead prices would be an approximate contract value of Rs 125 crore.
Ajit Mishra, VP – Research, Religare Broking: With no major data, the focus would remain on the earnings season and some of the known names like Mindtree, Bajaj Finserv, Bajaj Finance, Havells India, HDFC AMC, Bajaj Auto, Jindal Steel, JSW Steel, SBI Life and Yes Bank will announce their numbers along with several others. On the global front, the inauguration of the US President on January 20 will also be closely watched.
Indications are in the favour of the corrective phase which could be time-wise or price-wise. In case of a further slide, Nifty would find immediate support at 14,250 and then 14,100 zone. Since the overall trend is up, it’s prudent for the participants, those who were sitting on the sidelines for correction, to utilise this phase and buy quality stocks on dips. On the other hand, it would be difficult for traders to manage positions as both indices and stocks usually see volatile swings during the corrective moves and earnings season has further added to the choppiness. It’s prudent to avoid naked leveraged positions for now and prefer hedged strategies.
D-Street Buzz: Banks Trade Mixed; HDFC Bank Hits New 52-week High, Yes Bank, BoB, PNB Most Active
HDFC Bank was the only scrip trading the green while State Bank of India and ICICI Bank were trading flat. RBL Bank, IndusInd Bank and Bandhan Bank were the top losers, down 2-3 percent each.
FPIs invest Rs 14,886 crore in first half of January:
Foreign portfolio investors (FPI) put in Rs 14,866 crore in Indian markets in the first half of January with participants expecting strong third-quarter results by companies. As per depositories data, FPIs invested a net Rs 18,490 crore into equities but pulled out Rs 3,624 crore from debt segment between January 1-15.