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Friday, January 27, 2023

Stocks to watch out for on January 23: Axis Bank, ICICI Bank, Reliance, Adani Group and more,

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At the close on Friday, the BSE Sensex was trading 236.66 points lower at 60,621.77 and the NSE Nifty was trading 80.20 points lower at 18,027.65.

Business news live on January 23, 2023

New Delhi: Indian indices are expected to have a positive open on Monday, Jan 23, 2023, SGX Nifty hinted. As of 7:39 am IST, SGX Nifty was trading 0.50 percent down at 18,134.5.

At the close on Friday, the BSE Sensex was trading 236.66 points lower at 60,621.77 and the NSE Nifty was trading 80.20 points lower at 18,027.65.

Actions to follow on January 23, 2023

banking axis: The private lender will announce its results for the third quarter ending in December 2022 today. Analysts expect a near 70% increase in Axis Bank’s net earnings for the third quarter of fiscal 23.

ICICI Bank: On Saturday, ICICI Bank announced that its profit after tax rose 34.2% yoy to Rs 8,312 crore in the December quarter. The private lender also reported a net NPA ratio that decreased to 0.55 percent on December 31, 2022, from 0.61 percent on September 30, 2022.

Adani Group: Jugeshinder Singh, chief financial officer of Adani Group, said the conglomerate plans to spin off businesses like hydrogen, airports and data centers between 2025 and 2028 after they reach a certain investment profile. The group’s business incubator is Adani Enterprises Ltd, which is seeking to raise Rs 20,000 crore in a follow-up share sale.

Trust Industries Limited: India’s most valued company by market capitalization, Reliance Industries Limited (RIL), on Friday reported a 15 per cent drop in its consolidated year-over-year (YoY) net profit, to Rs 15,792 crore, for the Quarter Ended December 2022 (Q3 FY23). RIL revenue rose 15.3% yoy to Rs 2.20 lakh crore.


  • 8:14 a.m.


    New Delhi: The government is likely to review the new tax regime without exemptions, as only less than half a million taxpayers have opted for it since its implementation, the Economic Times reported, citing two people familiar with the matter.

  • 7:54 a.m.


    New Delhi: Bharat Petroleum Corporation plans to shut down its 156,000 barrel per day (bpd) Bina refinery in central India for about a month in June for maintenance. The state-owned refiner also plans to shut down half of its 240,000 bpd Mumbai refinery in western India for three to four weeks in September-October for maintenance, the sources said: Reuters report citing sources.







Release Date: Jan 23, 2023 7:51am IST



Date Updated: Jan 23 2023 8:32 am IST

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