Morning Scan: All the big stories to get you started for the day
Wed, Jan 3, 2024 9:59 AM

Morning Scan: All the big stories to get you started for the day

A Flip by Avya Verma
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#1. Indian equities end in red on profit booking, bulls look for fresh triggers After a long rally, both the Sensex and Nifty ended in the red, and there was selling in auto, private banking, capital goods, IT and realty sectors. The Sensex ended the session at 71,892 points, down 0.53 percent. The Nifty dropped 0.35 percent. The decline for both the gauges was the sharpest since December 20.

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Stocks to buy: HDFC Securities recommends Sanofi India, United Spirits

Stocks to buy: HDFC Securities recommends Sanofi India, United Spirits

Stocks to buy: The Indian stock market indices, Sensex and Nifty 50, traded over half a percent lower on Tuesday dragged by across the board selling. HDFC Securities has recommended three stocks to buy as its Fundamental Picks which it believes have decent upside potential. These three stocks are Sanofi India, United Spirits and United Breweries.

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Murugappa Group’s EV arm raises new funds from GEF Capital

Murugappa Group’s EV arm raises new funds from GEF Capital

TI Clean Mobility, a wholly-owned subsidiary of Tube Investments of India Ltd, said it has signed a definitive agreement to raise ₹580 crore from GEF Capital Partners, through equity and compulsorily convertible preference shares. This is part of TI Clean Mobility’s planned ₹3,000 crore fundraise for its electric vehicle (EV) venture. Of this, it has already raised around ₹2,530 crore.

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2 Reasons to Buy Roku Stock, and 1 Reason to Sell

2 Reasons to Buy Roku Stock, and 1 Reason to Sell

Investors have thrown in the towel on Roku (NASDAQ: ROKU). The pandemic-era favorite is off close to 90% from all-time highs as Wall Street continues to worry about profitability and its competitive positioning in the streaming TV (CTV) sector. Even though nobody is talking about this stock anymore, the CTV platform is growing market share in the United States and around the world.

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