News

BHEL: I-T Department drops ₹183.77 cr tax demand along with interest & penalty against

Affle Ind | Appoints Sameer Sondhi As Chief Strategic Investments Officer & CEO, North America

The United Spirit shares fell from the highs to turn negative and are now down over 1%.

Market at day’s high, Nifty 50 less than 50 points away from record high

Nifty Bank hits record high of 60,118.1, crosses earlier level of 60,114.30 on December 1, 2025

Somil Mehta, Head of Alternate Research, Capital Market Strategy at Mirae Asset Sharekhan

On ITC

Definitely a falling knife at this point in time. I will be expecting targets of around ₹340-330 levels, where we have a quarterly swing low for ITC. If it does not sustain here, the next level is ₹300, which is the next quarterly swing low. So the trend is down; I would definitely expect more sell-off here for ITC, and my view is negative as well.

Rupee at day’s low, back at 90.12 vs US Dollar

December Manufacturing PMI of 55.0 lowest in 2 years

Dharmesh Shah of ICICI Securities has shared fresh trading recommendations on two large-cap stocks.

Read On CNBC-TV18 Access 

On Friday, January 2, Larsen and Toubro (L&T) Ltd. announced that the Steel Authority of India Ltd. (SAIL) and other companies had placed “major” orders with its minerals and metals business vertical.

The rupee saw rangebound trading in the morning session on Friday, rising 6 paise to 89.92 against the US dollar as daily demand-supply imbalances were highlighted by tight liquidity circumstances, maintaining the rupee’s tendency towards weakening.

Dharmesh Shah of ICICI Securities

Consumers are making healthier choices. Acquired Max Protein to capitalise on the protein wave; protein segment is approx ₹1,000-2,000 cr for co’s pdts

Varun Goel, Senior Fund Manager, Mirae Asset Mutual Fund

On Consumption theme

Shares of ITC Ltd. dropped another 4% on Friday, January 2, continuing their downward trend following Thursday’s steep sell-off triggered by the increase in excise duty on cigarettes. Since the morning, ITC has received at least seven downgrades, with significant reductions to price targets.

After broking firm Kotak Institutional Equities reaffirmed its ‘Buy’ recommendation on the stock and maintained a price objective of ₹1,380 per share, shares of PVR Inox Ltd. increased as much as 3% on Friday, January 2.

PB Fintech slips in trade, down over 1% after DFS Secy, RBI comments on insurance commissions.

Devyani International-Sapphire Merger In Focus 

As the Nifty index surged, these were the Nifty’s top contributors, led by Reliance.

Market at the day’s high, broader market indexes are in the green, Nifty is around 80 points away from the record high, and the Nifty Auto & Nifty Metal indices are leading with gains at record highs.

‘Continue to see growth momentum in Q3, might revisit guidance during Q3 results’, says George Alexander Muthoot, of Muthoot Finance to CNBC-TV18

Siddhartha Khemka, Motilal Oswal Financial Services

On ITC

CNBC-TV18 Exclusive | Sudhir Singh, Coforge 

CNBC-TV18 Exclusive | Shweta Jalan, Advent Intl  

Mitessh Thakkar, President – Retail Research, Bonanza Portfolio

The shares of JBM Auto, an electric bus maker, rose by over 5%.

The Nifty Metal index is on the rise, as the markets are blooming in green.

Bansal Wire surges over 6% in early trade, while 3 banking stocks gain over 2% each on Q3 business update impact

NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.