Research
Periodic Report
JSW Energy Rallies on Acquisition News, Biocon Upgraded by HSBC, Zomato & Jio Financial Poised for Nifty 50 Inclusion
JSW Energy Rallies on Acquisition News, Biocon Upgraded by HSBC, Zomato & Jio Financial Poised for Nifty 50 Inclusion
Written by - Fisdom Research
Array
January 14, 2025
2 minutes
Array
Market Snapshot
Indian equity indices snapped a four-day losing streak, closing higher on January 14.
Broad-based buying was seen across most sectors, driving the positive sentiment.
Sectoral performance was mixed, with gains across all indices except IT and FMCG.
IT and FMCG sectors were the only laggards, ending the day in the red..
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PSU BANK
4.2
NIFTY OIL & GAS
1.6
NIFTY METAL
4.0
NIFTY FINANCIAL SERVICES
1.4
NIFTY MEDIA
3.0
NIFTY BANK
1.4
NIFTY AUTO
2.0
NIFTY PHARMA
1.4
Top News
JSW Energy surged 7% after securing a Letter of Intent to acquire KSK Mahanadi Power Company, which operates a 3,600 MW thermal plant in Chhattisgarh.
Biocon gained over 4% as HSBC upgraded its rating to ‘buy’ and raised the target price to ₹430, citing potential business turnaround.
Zomato and Jio Financial Services are expected to join the Nifty 50 in the upcoming rebalancing, potentially attracting passive inflows of $620 million and $356 million, respectively.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Coating emulsions and adhesives maker Jesons Industries plans IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800
23,500
Bank Nifty
47,000
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
ADANIENT
7.1
HCLTECH
-8.5
ADANIPORTS
5.3
HINDUNILVR
-3.4
SHRIRAMFIN
4.9
APOLLOHOSP
-1.8
Trade Ideas Update
Our trade ideas success rate has 59% over the past month, even with increased volatility in the benchmark index. Follow Trade Ideas for timely stock insights.
