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Stocks to watch: Check out the companies making headlines before the opening bell today, on January 17, 2024.

Smallcap World Fund sold Rs 104.06 crore stake in Indigo Paints.

Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.

While addressing a press conference, Minister for Electronics and Information Technology Rajeev Chandrasekhar also said that the government, in regards to investments in the semiconductor sector, was analysing two fab proposals, four OSAT proposals (OSAT is also known as assembly, testing, marking, and packaging (ATMP) units) and three compound proposals

For Nifty, support is at 21,800 and then 21,500, while resistance is at 22,200. Stock-specific action and sector rotation is likely during consolidation, analysts said

Among sectors, metal and oil gas indices gained nearly a percent each, while power, realty, healthcare and Information technology down 0.5-1.5 percent

IMF chief’s sentiment was echoed by her colleague, First Deputy Managing Director Gita Gopinath, who told a Davos panel that the chances of a so-called soft landing have gone up “quite a bit�

Top losers on the Nifty included Divis Laboratories, HCL Technologies, Wipro, NTPC and SBI Life Insurance, while gainers included BPCL, Tata Steel, Titan Company, ITC and Maruti Suzuki.

The brokerage said after the recent fall in stock price, Polycab is now trading at a discount compared to its peers

In this edition of Moneycontrol Pro Panorama: India’s tax up to GDP ratio, VIX is not a great indicator for a traders, has Taiwan abated war risk post election, Bangladesh#39;s cat-and-mouse game with India, and more