Technical View: Nifty likely to consolidate before upmove on January 8, 2024 at 11:07 am

The key Fibonacci retracement levels of 21,507 and 21,406) and the 20-day moving average of 21,426 are likely to provide cushion in case of a correction, says Jatin Gedia of Sharekhan by BNP Paribas

FMCG shares fall as Q3 business updates point to flat sales on January 8, 2024 at 8:43 am

Volume projections too, failed to impress. Godrej Consumer Products’ volumes are set to grow in high-single digits in Q3FY24, while Marico’s volumes are expected to grow in low-single digits.

Moneycontrol Pro Panorama | Solving the hospital-insurance tangle   on January 8, 2024 at 10:01 am

In this edition of Moneycontrol Pro Panorama: Bangladeshi voters show dissent with low turnout, a decade of economic structural reforms leads nowhere, markets nonplussed with SEBI#39;s new norms, receding twin deficit belies India’s strong growth, and more

Moneycontrol Pro Market Outlook | Is the market showing signs of fatigue? on January 8, 2024 at 10:09 am

The start of the Q3 earnings season, coupled with uncertainty in the Middle East and the recent increase in Russian aggression, caused volatility to rise in the market

Flipkart to cut workforce by up to 7% on January 8, 2024 at 10:11 am

Flipkart has 22,000 employees, which means close to 1,500 people will be affected by the decision

Taking Stock: Banks, FMCG drag Sensex 671 points lower, Nifty ends near 21,500 on January 8, 2024 at 10:28 am

Market breadth was neutral. About 1,753 shares advanced, 1,746 declined and 83 remained unchanged

ONGC hits 52-week high as oil production begins in KG deep water block on January 8, 2024 at 8:29 am

The remaining oil and gas fields of the block are expected to become operational by mid-2024

FMCG shares fall as Q3 updates anticipate flat sales; Marico, HUL, others down up to 4% on January 8, 2024 at 8:43 am

Volume projections too, failed to impress. Godrej Consumer Products’ volumes are set to grow in high-single digits in Q3FY24, while Marico’s volumes are expected to grow in low-single digits.

Mercedes Benz lines up Rs 200 crore investment, to launch over 12 products in 2024 on January 8, 2024 at 9:13 am

Mercedes-Benz India will have more than 12 launches in 2024, including three electric vehicles, out of which half will be in the top end vehicle segment (TEV) and will be priced Rs 1.5 crore onwards.

Mid-day Mood | Sensex, Nifty snap two-day winning streak on weak global cues on January 8, 2024 at 7:58 am

Rising US treasury yields and a strong labour market data dented hopes of a rate cut, hitting investor sentiment