Global markets are suggesting Positive signals, so our Indian markets are likely to start with a “GAP-UP” opening today.
global markets are influenced by President Donald Trump’s inauguration, with potential policy shifts impacting equities.
Nifty 50 may extend gains towards 23,600 if it sustains above 23,400, with key support at 23,100, while Bank Nifty targets 50,000 if it holds above 49,000, but risks a drop to 48,500 if it breaks below.
* Zomato’s stock fell 7% after reporting a Q3 profit of ₹59 crore, halving YoY due to increased competition and stagnant food delivery growth, while Blinkit also returned to losses.
* Despite Zomato’s decline, the Sensex and Nifty closed positively, with the Sensex up 454 points (0.59%) and Nifty up 141 points (0.61%), driven by strong performances from private banks like Kotak Mahindra Bank and Wipro.
31 companies, including Tata Technologies and ICICI Prudential Life, are set to announce their Q3 results today, January 21, 2025.
Wipro’s margin performance improved in the December quarter, leading to a 5-7% increase in EPS estimates for FY25, driven by strong deal momentum in small and medium-sized projects.
Stallion India Fluorochemicals IPO was oversubscribed nearly 188 times, indicating strong demand from institutional and non-institutional investors, with retail investors also participating significantly.
