Indian equities are expected to open with tepid note on lack of cues from western markets as U.S. markets were shut yesterday.

Global Peers Update: Asia shares mostly were shown mixed performance despite the better than expected Beijing’s fourth-quarter economic data, although investor sentiment about China’s rebound remained positive even as the global economy edges closer to recession.

Sectors to Watch

Energy, Financials, Capital Goods and Construction stocks likely to remain on focus during the day.

SGX NIFTY Price 17930.0 Change: -15.0 Points, Percent Change: -0.09%

Technical Levels: Nifty Near Future

Support                17820.0/17768.0

Resistance          18098.0/18162.0

Technical Levels: Bank Nifty Near Future

Support                42022.0/41876.0

Resistance          42634.0/42882.0

Stocks in News

Siemens: Company signs contract with Indian Railways for a 26,000 cr locomotive project to deliver 1,200 electric locomotives. (Positive)

NTPC: Renewable Energy signs MoU with Tripura Govt for renewable energy development (Positive)

Phoenix Mills: Subsidiary completes acquisition of Janus Logistics for Rs 26 cr (Positive)

Sula Vineyards: Quant mutual fund bought 10 lakh shares in company (Positive)

Tata Metaliks: MS Singapore bought 1.98 lakh shares in company (Positive)

Hi Tech Pipes: Quant mutual fund bought 2.0 lakh shares in company. (Positive)

Tata Motors: The company, which crossed 5 lakh cumulative wholesale sales mark in 2022 (Positive)

Wheels India: Company starts exports of wheels with advanced flow form technology (Positive)

Spencer’s Retail: Company forays into new hypermarket format (Positive)

Bank of Baroda: Government extends the term of Sanjiv Chadha as MD & CEO until June 30, 2023 (Neutral)

NALCO: To Consider Interim Dividend today (Neutral)

Adani Enterprises’: Saab scraps agreement with Adani to build fighter aircraft in India (Neutral)

Energy stocks: Special additional excise duty (SAED) on Crude cut to Rs 1,900 from Rs 2,100/Tonne (Neutral)

PNB Housing: Company to consider raising up to Rs 2,000 cr via NCDs on Jan 24 (Neutral)

M&M: Company launches its first C-Segment Electric SUV, the XUV400; starting at Rs 15.99 lakh (Neutral)

Maruti Suzuki: The company has transported over 3.2 lakh vehicles using Indian railways (Neutral)

Samvardhan Motherson: Sojitz Corporation likely to sell upto 1.6% stake in Samvardhana Motherson via Block Deal (Negative)

V Mart: Fire accident occurred at V-Mart’s store at Kanpur (Negative)

JSW Ispat: Net loss of Rs 98 cr Vs loss of Rs 27 cr, Revenue down 25.2% at Rs 1,102.1 cr Vs Rs 1,473.2 cr (YoY) (Negative)

Kesoram: Net loss at Rs 47.98 cr Vs loss of Rs 31.97 cr, Revenue up 12.6% at Rs 986.1 cr Vs Rs 876 cr (YoY) (Negative)

Tinplate: The company has recorded a 62 percent year-on-year decline in profit at Rs 36.4 crore (Negative)  

(Disclaimer: The information provided here is investment advice only. Investing in the markets is subject to risks and please consult your advisor before investing.)

(સ્પષ્ટતા: અત્રેથી આપવામાં આવતી તમામ પ્રકારની માહિતી કોઇપણ પ્રકારે રોકાણ, ટ્રેડીંગ માટેની સલાહ નથી. બજારોમાં રોકાણ જોખમોને આધીન છે અને રોકાણ કરતા પહેલા કૃપા કરીને તમારા સલાહકારની સલાહ લો.)