Nifty, Sensex Inch up on Better Corporate Results - Monday Closing Report
Moneylife Digital Team 23 January 2023
The market was up today as many large companies especially from the financial sector posted better results. On the Bombay Stock Exchange (BSE), 1666 stocks advanced, 1977 declined and 188 remained unchanged with advance decline ratio of 0.84, indicating a negative closing of stocks in broader markets.
 
The trend of the major indices on Monday’s trading is given in the table below:
 
 
On NSE, 43 securities advanced and closed at new 52 week high whereas 65 securities sank to close at their new 52-week lows.  
 
In sectoral indices, Nifty IT, Nifty FMCG and Nifty Pharma were among the biggest gainers. Nifty Infrastructure and Nifty Metal were among the biggest losers. 
 
Indian rupee closed at 81.39/$ against previous close of 81.12/$.
 
Meghmani organics (-6.53%) commissioned Phase 1 of Titanium Dioxide plant at Gujarat with an installed capacity of 16,500 metric tonnes per annum (MTPA). The company has planned to double its capacity to 33000 MTPA along with captive power plant at a capex of Rs375 crore. 
 
Marksans Pharma (-3.50%) received UK MHRA market authorisation for Fluoxetine oral solution.
 
TCS (+1.54%) received deal from Bitcoin Suisse AG for support of digital assets. 
 
SBI (+1.39%) has purchased 40% stake in Commercial Indo Bank LLC, Moscow held by Canara Bank.
 
Indigrid Investment Managers has signed share purchase agreement to acquire 100% in Khargone Transmission.
 
Mcleod Russel India (+4.94%) approved execution of exclusivity agreement with Carbon Resources.
 
Securities Appellate Tribunal (SAT) has directed NSE to pay Rs100 crore penalty for failing to follow due diligence in the algo scam. 
 
US FDA has issued form 483 with nine observations to Indoco remedies (+3.38%) after its inspection of its drug manufacturing facility.
 
Tata motors (+1.30%) has partnered with ICICI bank (+0.16%) to offer financing for EV dealers.
 
The top gainers and top losers of the major indices are given in the table below:
 
 
The closing values of the major Asian indices are given in the table below:
 
Comments
Meghmani Finechem: December ’22 Results Update
Moneylife Digital Team 20 January 2023
After robust growth over the past few quarters due to increased realisation for its products, especially from the chloro-alkali segment, momentum seems to be slowing for Meghmani Finechem Ltd (MFL). Although revenue rose by 27%...
Wealth Creators 2012-2022: Part 3 – Top-100 Stocks
Pratibha Kamath  and  Sher Singh Yadav 20 January 2023
Welcome to the third part of our Wealth Creators series. In the first and second part of the Wealth Creators series, released in the previous two weeks, we discussed the top-10 multi-bagger stocks and analysed the sectors and...
Lessons from the Biggest Multi-baggers
Debashis Basu, 20 January 2023
For equity investors, certain stocks, properly selected, can be the ladders to great riches. While banks are paying you 6%-7% per annum, every few years, a handful of stocks can go up 100% more. Over 10 years, some stocks can go up...
Equity Investing: What To Do When the Tide Turns
R Balakrishnan, 20 January 2023
Once COVID-19 stepped in and life as we knew it came to a halt, millions of new investors found their way to the equity market, after the initial fear and uncertainty abated. The sharp fall in stock prices was extremely short-lived....
Free Helpline
Legal Credit
Feedback