Market Bizzz

Sebi’s Wholetime Member Ananth Narayan announced that no additional measures will be taken to restrict derivatives trading, emphasizing ongoing efforts to improve risk management and ease of doing business. He also clarified that Sebi is not considering steps on trading eligibility and appropriability, focusing instead on refining risk measurement and connectivity between cash and derivatives markets.

A Labor Department report showed job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labor market ended the year on a strong note.

Only two IPOs were awaiting approval for more than three months in November compared to 19 in March 2022, said Buch at an event in Mumbai on Friday.

While bearish wagers have been growing, the steep rise in yields since mid-September may mean that strong data will hurt the market less than weak data will help it, some investors and strategists say.

Adani Total Gas is set to experience a 20% increase in its APM gas allocation from January 2025, which will stabilize retail prices. This change follows previous reductions in allocation and government measures to balance low-priced natural gas distribution to city gas retailers.

Oil prices are rising due to increased fuel demand from icy conditions in the U.S. and Europe. Brent crude futures reached $77.16, while West Texas Intermediate hit $74.18. Analysts cite supply disruptions, low stockpiles, and improving Chinese sentiment as causes. U.S. and European cold spells are boosting heating oil demand, with supply tightness expected to continue.

TCS share price: Revenue for Q3FY25 increased by 5.6% year-on-year, driven by strong TCV performance, effective execution, and cost management. The topline reached Rs 63,973 crore, up from Rs 60,583 crore in the same quarter last year, although it missed the expected Rs 64,750 crore.

TCS fell short of market expectations for the July-September quarter, with net profit declining by 1% quarter-on-quarter to Rs 11,909 crore. The decline was primarily attributed to margin-dilutive projects in regions outside of America. Revenues for the same period also grew at a slower pace, increasing by 2.6% to Rs 64,259 crore.

Naveen Kulkarni from Axis Securities anticipates market consolidation with gradual growth leading up to 2025. He expects earnings to improve, projecting returns of 10-12%. The IT sector is expected to perform in line with the market. Shriram Finance is forecasted to see growth owing to reasonable valuations and good return ratios.

Mid-tier engineering R&D firms are expected to benefit from the shift from coding to computing. Deven Choksey believes growth is anticipated in Kotak Mahindra, ICICI Bank, and Bajaj Finance. Within capital markets, BSE looks promising while PSUs may consolidate post-budget. Quick commerce platforms like Zomato face profitability challenges in the near term.