News

Even as the markets continued to trade, the shares of Signature Global rocketed over 10%.

Dixon Technologies (India) Ltd.’s stock began trading lower on Friday, January 30, following the release of mostly in-line quarterly results. But the stock is currently trading 3% higher after recovering early losses.

On Friday, January 30, Syrma SGS Technology Ltd.’s stock rose as much as 11% following the company’s release of impressive third-quarter earnings that exceeded Wall Street projections. After then, the stock modestly declined from its initial highs.

Globalisation, the long-held trade dogma, is in trouble, as this massive free trade agreement has once again shown. In other words, the “law of comparative advantage,” which propelled globalisation, is currently being divided. According to former CBIC Chairman Najib Shah, although interconnectivity has increased, it is now limited to partners.

Read Full Analysis Here 

CME, the financial derivatives exchange located in Chicago, has raised the margins on Copper trades by 20% on Friday, January 30, after prices in the worldwide markets set a new high.

As profit-taking and a stronger US dollar affected MCX and spot rates, gold and silver prices in India plummeted from record highs; nonetheless, monthly increases continue to be robust despite worldwide uncertainties.

Shrikant Chouhan, Kotak Securities

On JSW Steel

We like JSW Steel which is around ₹1,250-1,255. There also we have view of heading towards the levels of ₹1,280-1,290 in the near-term. So, it is a buy if there is a lower opening.

On Hindustan Aeronautics

We also like Hindustan Aeronautics. There we have a target of ₹4,800.

On HDFC Bank

We cannot forget buying any particular stock from the private banks. HDFC Bank was down in the last one month but currently it is rebounding from its important level. So there also we can expect further more activity in today’s trade.

Shrikant Chouhan, Kotak Securities

Sachin Tikekar, Joint MD, KPIT Tech Q3, On CNBC-TV18

Irfan Razack, CMD, Prestige Group Q3 On CNBC-TV18

Venugopal Garre, MD, India Head of Research, Bernstein On CNBC-TV18

The shares of GE Shipping is up over 2%.

Bajaj Auto is to report its Q3 earnings today; expect volumes to be higher, driven by festive demand, GST cuts & export growth. Rupee depreciation & better mix to aid realisations.

Ed Clissold, Chief US Strategist at Ned Davis Research, stated in a recent interview that market volatility is likely to persist across asset classes as investors respond more to momentum trades and geopolitical headlines than to economic fundamentals.

The shares of Vodafone Idea, the telecom service provider, have surged over 10%.

The shares of Vardhman Textile surged over 6%.

Kulin Lalbhai, Vice Chairman & Non-Executive Dir, Arvind Fashions Q3 On CNBC-TV18

The shares of RHI Magnesita surged even as the larger market continued to remain under pressure.

As the Nifty index fell by over 150 points, these were the top contributors, driving the decline.

The shares of Syrma SGS surged over 7% in the intraday trade.

On Friday, January 30, South Indian Bank Ltd.’s stock dropped as much as 18% on the announcement that its managing director, PR Seshadri, would not be applying for reappointment after his current term expires. This is the stock’s largest single-day decline ever.

Ajay Goel, Group CFO, Vedanta To CNBC-TV18

Ed Clissold, Chief U.S. Strategist, Ned Davis Research

Bharat Forge invests ₹110.5 cr in arm Bharat Forge Global Holding GmbH

Amid the larger decline in the Indian markets, the Nifty FMCG index is on the rise.

The shares of Dixon Tech are up 4% after the company announced its results.

The shares of Deepak Fertilisers declined by over 8% ahead of its scheduled results.

South Indian Bank falls over 13% as MD & CEO P R Seshadri to step down after current term

The shares of Hindustan Copper were not left alone from decline, as the stock snapped a winning streak to fall over 7%.

A metal maker’s stock fell; mining giant Vedanta also declined over 6.50%

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