ITC Hotels listing on 29 Jan, JSW's copper mines contract, SmallCap bleed, Nifty falls, IGL Bonus, Deepseek & more
Market ka Capsule
ITC Hotels listing on 29 Jan, JSW's copper mines contract, SmallCap bleed, Nifty falls, IGL Bonus, Deepseek & more
Monday, 27-January-2025
Sensex 75,366.38 ⏷ 1.08% Nifty 22,829.15 ⏷ 1.14%
Pointers:
- Markets opened below Friday's closing point.
- Nifty 50 made its high at around 9:43 AM. After that, it kept falling and closed significantly lower.
- IT and Media stocks fell the most.
- All sectors fell today.
- Global Markets:
- The US markets were down.
- European markets were mostly down.
- And Most Asian Markets were showing a mixed trend.
| ICICI Bank | Rs. 1,227.95 ▲ 1.55% |
| Britannia | Rs. 5,176.25 ▲ 1.46% |
| M&M | Rs. 2,831.60 ▲ 1.08% |
| Hindustan Unilever | Rs. 2,392.85 ▲ 1.05% |
| SBI | Rs. 749.20 ▲ 0.68% |
TOP LOSERS: (Nifty 50)
| HCL Tech | Rs. 1,711.95 ⏷ 4.51% |
| Tech Mahindra | Rs. 1,653.90 ⏷ 4.01% |
| Wipro | Rs. 307.95 ⏷ 3.80% |
| Hindalco | Rs. 586.90 ⏷ 3.30% |
| Shriram Finance | Rs. 511.65 ⏷ 3.00% |
News:
- India's retail sales rose by 5% year-on-year in Dec. QSR (Quick Service Restaurants) rose the most by 10%, followed by food clothing. Consumer durables and electronics grew the least around 2%: Retailers Association of India.
- Indraprastha Gas Ltd. has announced Bonus Issue of 1:1. The Recird date for the Bonus Issue will be 31-Jan-2025.
- JSW Group will invest Rs. 2600 crores in the copper mining business. The company won a 20-year contract from Hindustan Copper for 2 mines in Jharkhand.
- Small Cap Stocks saw heavy selling, with the Nifty SmallCap 100 falling 4.6%, its lowest since mid-June.
- News about viral Deepseek makes buzz all over the world.
- Technology stocks in the USA plunged on Friday as Texas Instruments' weak guidance hit shares of analog chipmakers like Microchip & Analog devices.
- India VIX surged 8%; all 13 sectoral indices closed in the red, with Nifty Energy, IT, Metal, Oil & Gas, and Pharma falling 2-5%.
Trending Stocks:
| Bank of India (BOI) | ▲ 6.08% |
| Adani Wilmar | ▲ 2.98% |
| CDSL | ⏷ 10.42% |
| AU Small Finance Bank | ⏷ 5.10% |
- ITC: Company's emerged business, ITC Hotels will list on 29-January-2025.
- Ultratech: net profit for the Oct-Dec quarter fell 17.30% to Rs. 1,469.50 crore Quarter-on-Quarter.
- Kotak Mahindra: completed the acquisition of Standard Chartered's personal loan book amounting to Rs. 3,330 crore.
- Dr. Reddy's: net profit for the Oct-Dec quarter rose 2.49% to Rs. 1,413.30 crore Quarter-on-Quarter.
- IREDA: will raise Rs. 5,000 crore through a QIP (Qualified Institutional Placement).
- Adani Energy: net profit for the Oct-Dec quarter rose 73% to Rs. 562 crore Quarter-on-Quarter.
1-Day Change
Featured Question:
“Why & for what reasons does a company splits its share price?”
The main reason is that it helps bring the share price down - without negatively affecting existing shareholders.
Many times, a company's share price may reach a certain high level - a price where it becomes difficult to buy.
This means that a smaller number of investors are able to afford it.
Example: More investors can afford to buy shares priced at Rs. 200 vs a share priced at Rs. 15,000.
In a split, nothing in the company fundamentally changes. they just create more shares.
Example: A company announces a 3-for-1 split.
This means that each share will be divided into 3 parts.
Say you own 10 shares. After the split, you will own a total of 30 shares.
But, the price of each share is now 3 times lower - which means more investors can afford the share.
This increases liquidity - making it easier to buy/sell shares of the company.
A split is often done by companies to signal to investors that the company's future has more growth ahead.
This is why often, after a split, share price rises - even though the underlying company remains the same.
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