Indices at previous closing
Nifty50: 17,745 ▼-179 (-1.0%)
Sensex: 59,601 ▼-621 (-1.0%)
Nifty Bank: 37,490 ▼-205 (0.5%)
For more updates on F&O, click here.
RBL rises after Q3 update
After falling over 30% last month, shares of the private lender rose 2.4% on Thursday as the bank reported a 5% year-on-year rise in its gross loans to ₹59,941 crore. On a quarter-on-quarter basis, the loan book grew by 3.5%.
The bank said that its retail loan segment’s growth was flat, while wholesale advances grew 8% sequentially in the December quarter. The mix of retail: wholesale loans stood at 53:47.
Anand Rathi’s Q3 profit jumps
In the December quarter, the recently listed wealth management company’s consolidated net profit soared 144% year-on-year to ₹32 crore. The sharp rise in the profit was aided by a 55% growth in the revenue to ₹108 crore.
The company’s flagship private wealth vertical’s assets under management rose 28% YoY. Meanwhile, shares of the company were down 1% yesterday but the results were announced after market hours. Since its listing in December ‘21, the stock is up 15% from its issue price.
Zee Learn soars on Byju’s link
Shares of Zee learn were locked in a 20% upper circuit yesterday after reports claimed that the edtech startup Byju’s was planning to buy a 51% stake in the company.
Byju’s has been on an acquisition spree and has acquired 10 companies in 2021. However, Zee Learn has reportedly dismissed the buzz, calling it speculative.
Sectoral indices (January 6)
| Top gainers | Top losers |
| Nifty Media ▲ 0.9% | Nifty IT ▼ 1.5% |
| Nifty Auto ▲ 0.5% | Nifty Realty ▼ 1.4% |
Global markets (at 8:00 am today)
| Indices | Today's movement |
| SGX Nifty | ▲ 0.1% |
| Nikkei 225 (Japan) | ▼ 0.3% |
| Hang Seng (Hong Kong) | ▲ 0.5% |
| SSE Composite (China) | ▲ 0.2% |
| Dow Jones (US) (January 6) | ▼ 0.4% |
| NYSE (US) (January 6) | ▲ 0.2% |
| Nasdaq (US) (January 6) | ▼ 0.1% |
| S&P 500 (US) (January 6) | ▼ 0.0% |
Fact of the day
Around 5 crore people across the world call themselves content creators.
Yay 👍 or Nay 👎?
We'd love your thoughts on this morning update.
If you haven't already, open your Upstox account to get IPO-ready today! Click here to sign up.
To catch our latest educational videos, join our Telegram channel here.
Disclosures and Disclaimer
Investment in securities markets is subject to market risks; please read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results. Details provided in the above newsletter are for educational purposes and should not be construed as investment advice by RKSV group. Investors should consult their investment advisor before making any investment decision.