Positive signals suggest a potential GAP-UP opening for Indian markets.
Global markets focus on U.S. policy shifts, ECB decisions, and European PMI data.
Asian stocks rose, particularly in Taiwan and Japan, following President Trump’s announcement of a new Al investment initiative involving SoftBank, OpenAl, and Oracle, boosting optimism for tech firms in the region.
Around 50 companies, including HDFC Bank and HUL, are set to announce their Q3 earnings, with HDFC Bank expected to report a 7-8.4% YoY growth in net interest income.
* HUL’s growth is anticipated to be muted due to weaker demand and input cost inflation, with revenues expected to grow only 2% YoY and underlying volume growth around 1%.
* Key metrics to monitor include HDFC Bank’s deposits and HUL’s volume growth, as analysts express varied expectations on HDFC’s topline growth, ranging from a decline to modest increases.
ICICI Prudential Life reported a 43% year-on-year increase in consolidated net profit for Q3FY25, reaching Rs 325 crore, alongside a 23% growth in net premium income to Rs 12,261 crore.
PNB Housing Finance reported a 43% YoY increase in net profit for the December quarter, reaching Rs 483 crore, alongside a rise in total and interest income.
Hero Cycles is set to announce a $1 billion investment soon, with plans to enter the electric vehicle market, as stated by Managing Director Pankaj Munjal at the World Economic Forum in Davos.
Rexpro Enterprises’ SME IPO aims to raise Rs 54 crore by offering shares at Rs 145 each, with subscription open from January 22 to January 24.
* The IPO includes a fresh equity sale of 32.5 lakh shares and has a grey market premium (GMP) of Rs 48, indicating a 33% premium over the issue price.
