Budget 2023: Hope there isn’t any tinkering with capital gains tax, said Devarsh Vakil of HDFC Sec

The key expectation from Budget 2023 is to maintain the growth path while keeping fiscal deficit and inflation in check, said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities. 

Portfolio of fifteen Small and Mid Cap stocks with high price momentum (monthly, and annual returns), liquidity(Over 5 lakh shares traded in a day) , and volatility within a pre-determined threshold.

Portfolio of fifteen Large and Mid Cap stocks that show stable price movmement, and have good liquidity (Over 5 lakh shares traded in a day).

Adani slammed by $48 billion stock rout, clouding record share sale; 6 analysts have this to say

Seven listed companies of the Adani conglomerate - controlled by one of the world's richest men Gautam Adani - have lost a combined $48 billion in market capitalisation since Wednesday, with U.S. bonds of Adani firms also falling after Hindenburg Research flagged concerns in a Jan. 24 report about debt levels and the use of tax havens.

Gautam Adani: Asia's richest man in the eye of a storm

Adani, whose home state is Gujarat in western India, built his business empire from scratch after starting as a commodities trader. India's Prime Minister Narendra Modi hails from the same state and their relationship has come under intense scrutiny by Modi's opponents for years.

More trouble for Adani? MSCI seeks feedback on Adani Group over Hindenburg report

Seven listed companies of the Adani conglomerate - controlled by one of the world's richest men Gautam Adani - have lost a combined $48 billion in market value and U.S. bonds of Adani firms have fallen since Hindenburg on Tuesday flagged concerns about debt levels and the use of tax havens.

Bajaj Finance logs highest-ever quarterly net profit at ₹2,973 crore

The Pune-based non-banking lender said its core net interest income rose 28 per cent to ₹7,435 crore on-year during the reporting quarter, aided by a higher 28 per cent jump in the key profitability metric net interest income.

Aditya Birla Sun Life AMC Q3 PAT drops 11% to ₹166 crore

ABSL AMC is the fourth largest asset management company in India with quarterly average assets under management of ₹2.82 lakh crore.

US inflation and consumer spending cooled in December

Weekend Wrap: From Adani Enterprises to Tata Motors; Top news and market movers this week: 27 January 2023

<ul><li>From top newsmakers to market performance, here's the market wrap for the week ended 27 January 2023.</li></ul>

Adani Enterprises FPO sees muted response on Day 1; only 1% of overall issue subscribed

<ul><li>The company received bids for 4,70,160 shares against 4,55,06,791 shares on offer, according to data from the BSE.</li></ul>

Oil prices firm on upbeat US economic data

<ul><li>Brent futures gained $1.17, or 1.34%, to trade at $88.64 a barrel by 1332 GMT. U.S. crude was up $1.17, or 1.44%, at $82.18 and on track for its highest daily jump in percentage terms for two weeks.</li></ul>

<ul><li>Friday’s report from the Commerce Department showed that prices rose 5% last month from a year earlier, down from the 5.5% year-over-year increase in November. It was the third straight drop.</li></ul>

USFDA gives exception to Glenmark Pharma to supply pneumonia drug from Baddi facility

<ul><li>In October last year, Glenmark had stated that the US Food and Drug Administration has put its manufacturing plant at Baddi under import alert 66-40.</li></ul>

Vedanta Q3 net profit drops 41% to ₹2,464 crore

<ul><li>The consolidated income of the company in the October-December period increased marginally by 0.4 per cent to ₹34,818 crore from ₹34,674 crore a year ago.</li></ul>

Tata Motors to hike passenger vehicle prices from February 1; here are the details

<ul><li>Effective February 1, 2023, the weighted average increase will be 1.2 per cent, depending on the variant and model, it said.</li></ul>

Gold falls ₹70, silver jumps ₹451; check rates here

<ul><li>In the overseas market, gold was quoting lower at USD 1,924 per ounce while silver was up at USD 23.71 per ounce.</li></ul>

Equity mutual fund to shift to T 2 settlement cycle from Feb 1

<ul><li>At present, funds are transferred to the investor's bank account within 3 days after the completion of the redemption process. The move is in line with the T 1 settlement cycle of equity markets to benefit mutual fund investors.</li></ul>

Multibagger Alert: This midcap stock has rallied 5800% from March 2020 lows

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In Q3FY23, the company posted a 58% YoY drop in its consolidated net profit to ₹227.86 crore.

Adani Enterprises FPO opens on January 27: Should you subscribe or avoid?

This will be the largest FPO ever conducted in the country, breaking the previous record of ₹15,000 crore raised by YES Bank in July 2020.

Indian banks' exposure to Adani Group debt manageable, say CLSA, Jefferies

CLSA pointed out that while Adani Group's debt levels doubled from ₹1 lakh crore to ₹2 lakh crore in the past three years, the overall bank debt increased by more than 25 percent.

Market Wrap: Investors lose nearly ₹7 lakh crore as market sees worst fall in a month

Sensex fell 874 points, or 1.45 percent, to 59,330.90 while the Nifty ended at 17,604.35, down 288 points, or 1.61 percent.

Rupee rises 8 paise to end at 81.53 against US dollar

<ul><li>Heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said.</li></ul>