Major Headlines Today

Deepak Fertilizers and Petrochemicals Corporation gained 5.02% to Rs. 115.15, after the company divested one of its plots of industrial land in Dahej as part of the strategy to divest non-core assets.

India Cements jumped 7.51% to Rs. 86.60, after veteran investor Radhakishan Damani raised his stake by 3.43% in the company during Q3 December 2019.

Indian Indices

Indian equities ended at a record close for the second consecutive day, led by gains in index heavyweights like HDFC, ITC, Axis Bank, and TCS and also support from the Asian market. Major buying was seen in FMCG, metal, and IT sectors.

Following are the stocks/sectors which were in news today:

• Retail inflation rose sharply to 7.35% in December 2019 from 5.54% in November
• December WPI Inflation at 2.59% v/s 0.58 percent MoM
• Bandhan Bank Q3 net profit surged by 121% YoY to Rs. 731

Global signals

Asian markets, yuan rose on January 14, as US-China tensions ease further.

European stocks decline despite imminent US-China trade truce.