Noida-based information technology giant HCL Technology will declare its Q3 results today. The December quarter is expected to be relatively better for the company.

Here are the key expectations:

1. Dollar revenue growth of 2.5 percent is expected, while constant currency revenue growth on a quarter-on-quarter basis should be 1.8-1.9 percent.

2. Margins will be on the flatter side as a contribution of products business incremental will be offset by the wage hikes.

3. Profits should be up 5 percent, according to CNBC-TV18 poll. 

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The share price of Piramal Enterprises rallied 7 percent intraday on Friday after the company sold its healthcare insights & analytics business for $950 million to Clarivate Analytics.

The company's BSE regulatory filing said, "The board of directors of the company had approved the divestment of stake in the healthcare insights and analytics business, held by the company directly and through its wholly-owned subsidiaries including PEL-DRG Dutch Holdco BV, to Clarivate Analytics Plc."

At 2:09 pm, the stock was trading 6.15 percent higher to Rs 1,642. 

Sources said: 

1. GAIL, Power Grid likely to move pleas before SC for clarification

2. PSUs likely to prefer clarification pleas, over filing review petitions before SC

3. Modification pleas can be mentioned, heard by the bench in open court

4. Modification pleas likely to seek to make a distinction between telcos, PSUs

5. Modification pleas may seek distinction based on core competencies

6. Modification pleas likely to argue that PSUs not party to hearing in the case

7. Pleas likely to argue that communication networks of PSUs form a limited number of internal users

Mutual funds in the country added Rs 2.75 lakh crore to their asset base in the nine months of FY20, which is an increase of 11.6 percent, according to a CARE Ratings report.

With this addition, mutual funds’ assets under management (AUMs) has reached Rs26.54 lakh crore in December 2019.

Overall exposure of MFs to NBFCs stood at Rs 1.65 lakh crore in the last month of 2019, a drop of about Rs 1 lakh crore since July 2018, when NBFC crisis began. MFs exposure to NBFCs declined to 11.3 percent in December 2019 from 19 percent in July 2018, according to the report. 

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1. Indian market turned volatile on Friday after banks slipped on the recent Supreme Court ruling on AGR dues. 

2. At 12:46 pm, the Sensex was trading 34.16 points or 0.08 percent higher at 41,966.72 while the Nifty50 was at 12,353.60, down 2.10 points or 0.02 percent. 

3. Broader indices were trading higher, with Nifty Midcap100 and Nifty Smallcap100 indexes up 0.61 percent and 0.35 percent respectively. 

4. Bharti Airtel, Reliance Industries, Dr Reddy's Laboratories, Grasim and Hero MotoCorp were the Nifty50 top gainers while Bharti Infratel, YES Bank, GAIL, IndusInd Bank and BPCL remained the top losers. 

Shares of â€‹Grasim Industries plunged nearly 6 percent on Friday as investors' worries over the fate of the Aditya Birla Group company's investment in Vodafone Idea weighed on the stock. Grasim holds an 11.55 percent stake in Vodafone Idea.

The worries are that the company may have to write off its investments in a situation that could lead to Vodafone Idea going bankrupt as the Supreme Court upheld its October 24 ruling on adjusted gross revenue (AGR). Click here to read more into this story.

1. Indian market turned volatile on Friday after banks slipped on the recent Supreme Court ruling on AGR dues. 

2. At 11:35 am, the Sensex was trading 30.11 points or 0.07 percent higher at 41,962.67 while the Nifty50 was at 12,352.70, down 2.80 points or 0.02 percent. 

3. Broader indices were trading higher, with Nifty Midcap100 and Nifty Smallcap100 indexes up 0.53 percent and 0.29 percent respectively. 

4. Bharti Airtel, Reliance Industries, Grasim, Dr Reddy's Laboratories and Hero MotoCorp were the Nifty50 top gainers while Bharti Infratel, YES Bank, IndusInd Bank, GAIL and Coal India remained the top losers. 

Bharti Airtel surged in trade while Vodafone Idea plunged on Friday after Supreme Court dismissed the plea by telecom companies seeking a review of the court's October 24 ruling on AGR.

Intraday, the share price of Bharti Airtel surged 5.27 percent to Rs 498.75 per share on the NSE while Vodafone Idea's shares tanked 39 percent to Rs 3.65.

The apex court mandated the telcos to pay nearly Rs 1.02 lakh crore as a statutory payment to the government by January 23. READ MORE

With markets consistently hitting record highs, a number of stocks that were under pressure has started showing promise. Brokerage firm Prabhudas Lilladher in a report identifies multi-baggers of the past from the mid, small and microcap universe that have corrected significantly from their 10-year high but are now bouncing back with strong fundamentals intact. READ MORE

In August last year, this small-cap stock stood at its six-year low, and today it has bucked the trend by climbing 164 percent.

Established in 1993, this company was first listed in 2010 at around Rs 26 per share and rallied up to Rs 3,395 in 2015. This year, the stock has already jumped 26 percent in just 11 trading sessions. The rally this year was supported mainly by India Ratings and Research that affirmed the company’s credit ratings on January 1.

Click here to read more into the stock. 

Vodafone Idea's share price tanked 39 percent intraday after Supreme Court dismissed the plea filed by the telcos' to review its adjusted gross revenue (AGR) ruling.

At 9:32 am, the share price was trading 31.67 percent lower to Rs 4.10 per share on the NSE while on an intraday basis, the stock price tanked 39.16 percent. 

Click here to read more on the SC verdict.

1. China Q4 GDP data awaited
2. China yuan gains amid trade optimism 
3. US stocks hit fresh highs on strong data 
4. US jobless claims decline, retail sales climb 3rd month
 
Crude oil prices gain on trade deals 
1. The expectation that energy demand will grow in 2020
2. US approves revamp of US-Mexico-Canada FTA
3. US-China sign Phase 1 trade deal
4. IEA : Oil production to outpace demand for crude from OPEC
5. UBS : IF Middle East tensions do not intensify, crude to find support at $60-65 in H1FY20
 
Gold prices slip on upbeat economic data
Surge in global equity markets
 
Metals prices rebound 
Trade deal to provide stability, to be an incremental positive
China government to increase subsidies for EV’s  
 
Copper at 8-month highs 
Copper inventories at 10-month lows, down 60 percent since August
 
Zinc, Lead at 2-month highs 
Aluminum prices at 1-week highs