Market Bizzz

Alessia Berardi of Amundi Investment Institute highlights the 2023 outlook’s focus on dynamic asset allocation amid economic anomalies, favoring assets like equity and emerging market bonds. Emphasizing India’s resilience and growth potential, she sees it as an appealing investment. US policy shifts and their impacts on global markets, including a continued strong dollar, also play a crucial role.

These stocks’ 50-day SMA crossed below their 200-day SMAs on December 20.

Landmark Immigration Consultants’ IPO saw strong demand, with the stock listing at a 15% premium. Funds raised will be used for expansion, advertising, and growth initiatives. The company’s services focus on education and immigration consultancy, with revenue highly dependent on visa regulations.

HDFC Bank’s shares are in focus after the lender posted a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which fell short of Street estimates. The bank’s net revenue grew by 6.3%. Analysts recommend a ‘Buy’ rating due to strong asset quality and improvements in deposit market share.

I think we did not discuss domestic investors’ behaviour. And this is the first real challenge for the investors who entered post COVID. If this corrective phase lasts for a month or so, I do not think from 2020 onwards, we have seen multi-month negative returns, I mean, I can go back and check that point, that is one aspect. Also, yesterday, we had the DIIs buying significantly lower value than the FII, is that a trend, second point.

A total of 574 shares changed hands on the counter till 10:45AM (IST)

The 30-share BSE Sensex was up 287.21 points at 76125.57

Zomato experienced a 57% decline in its December quarter net profit, reporting Rs 59 crore. Despite a 64% rise in revenue, there was a notable slowdown in food delivery. Analysts are mixed on the stock, with target prices ranging from Rs 130 to Rs 375.

Mithun Sacheti of Caratlane and Arpit Khandelwal of Plutus Wealth Management have invested Rs 495 crore in Nazara Technologies, acquiring a 5.4% stake. The funds will be used for strategic acquisitions, highlighting the company’s bullish growth projections for FY26 and beyond. The existing promoters will continue managing, with Sacheti and Khandelwal as deemed co-promoters.

Oil prices fell in Asian trading after President Trump announced plans to increase U.S. oil and gas production. He also delayed new tariffs on imports from Canada and Mexico. Trump said he was considering stopping oil purchases from Venezuela and promised to refill strategic reserves, potentially increasing demand for U.S. crude oil.