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Market at Close | Sensex and Nifty 50 end with minor cuts but off lows
-- Adani Wilmar snaps eight-day losing streak, hits five percent upper circuit
-- Adani Ports ends over one percent higher on the back of December quarter earnings
-- Tata Steel ends over five percent lower on weak December quarter results, is top Nifty loser
-- Hindalco slips over four percent after Novelis December quarter sales contract three percent
-- Paytm rises more than five percent following positive management commentary
-- Ambuja cements ends nearly two percent higher on strong December earnings
-- Adani Enterprises, Dr Reddy’s, Kotak Mahindra Bank and IndusInd Bank are top Nifty gainers
-- Tata Steel, Hindalco, ITC, Sun Pharma and Maruti are top Nifty losers
-- Gland Pharma, Varun Bev, Paytm and Intellect Design are top midcap gainers
-- Aarti Industries, Cyient, Voda Idea and Metropolis Health are top midcap losers
-- Market breadth favours declines, advance-decline ratio at 1:1
BLS International shares rise after ZMPL acquisition aids 92% revenue growth
BLS International announced the acquisition of business correspondent services provider ZMPL for Rs 120 crore in June last year. ZMPL operates the largest business correspondent network for the State Bank of India. (Read more)
Eight reasons behind Nykaa's underperformance as per its investors
Shares of FSN E-Commerce Ventures Ltd., which owns the online cosmetics-to-fashion retailer Nykaa, has more than halved from its 52-week high as new-age companies have witnessed intense selling pressure towards the end of 2022. (Read more)
Buy Poonawalla Fincorp, Mahindra Lifespace: Shrikant Chouhan
Here are two recommendations by Shrikant Chouhan of Kotak Securities:
-- Buy Poonawalla Fincorp for a target of Rs 330 with a stop loss at Rs 290
-- Buy Mahindra Lifespace for a target of Rs 420-430 with a stop loss at Rs 370
Nalco Share Price | Stock drops for fifth straight day
- Stock trading with losses of 2 percent
- Has declined for five straight sessions
- Shares down close to 9 percent in the last five sessions
- Now declined in eight out of the last 10 trading sessions
- Rs 10 away from 52-week low of Rs 66
Reliance Jio launches 5G services in 10 more cities
-- Rolls out services in cities across Andhra Pradesh, Chhattisgarh, Odisha, Punjab, Rajasthan, Telangana, Uttar Pradesh, Uttarakhand from today.
-- Jio True 5G now live in 236 cities.
Disclaimer: RIL, the promoter of Reliance Jio, also controls Network18, the parent company of CNBCTV18.com.
Adani news, China re-opening likely to hit foreign inflows keeping markets volatile
As the Adani issue continues to impact the Indian market, investors are reportedly considering a shift in allocation towards China, according to Marko Papic, Partner and Chief Strategist at Clocktower Group on CNBC-TV18. (Read more)