Stocks to watch: Signs of a sluggish start in the stock market today, but earning opportunities are being created in these stocks

News Topical, Digital Desk : Domestic stock markets closed marginally lower on Thursday after a volatile session. The market is expected to remain range-bound in the near term. Investors are keeping an eye on corporate quarterly results, developments related to the India-US trade deal, and cues from the upcoming budget.

GIFT Nifty (formerly SGX Nifty) was trading at 25,781 on NSE IX, down 4 points or 0.02%, indicating a muted start for the stock market on Friday.

Technically, the 59,800 level remains crucial for the index. According to experts, the market can only gain momentum after holding firmly above this level. Until then, the 59,000–59,800 range is likely to remain in place. The 59,200–59,150 area provides strong support near the 50-day SMA, while 59,800 will remain as immediate resistance. The India VIX, which measures market fear, rose 1.09% to close at 11.32.

Global markets boom

US stock markets strengthened on Thursday after two days of declines. The Dow Jones Industrial Average rose 0.6%, while the S&P 500 gained 0.3%. The Nasdaq closed 0.3% higher. Shares of Morgan Stanley and Goldman Sachs rose on strong earnings, while strong results from Taiwanese chipmaker TSMC supported US chip companies.

Asian stock markets were mixed. S&P 500 futures were up 0.1%, Nikkei 225 futures slipped 0.4%, and Japan's Topix was down 0.3%. Growing interest in the AI ​​sector is supporting tech stocks.

Which stocks will be in focus today?

After a period of heavy market volatility on Wednesday, the index closed with a slight decline. Technical analysts expect the Nifty to try to defend medium-term support near the 100-day EMA near 25,600. Despite range-bound trading, selective buying opportunities are emerging in some sectors.
Stocks like Reliance Industries, Wipro, Jio Financial Services, Infosys, Angel One, and Indian Hotels will be in focus today.

Angel One (Q3)
Angel One's consolidated net profit declined 4.5% year-on-year to ₹269 crore. Margins were pressured by rising operating expenses.

Infosys (Q3)
Net profit declined 2.2% to ₹6,654 crore. However, revenue in rupee terms increased 8.9% to ₹45,479 crore. EBITDA increased 6.4%.

Jio Financial Services (Q3)
reported a decline of 8.75% in profit to Rs 268.98 crore, while total income rose 10.7% to Rs 901.05 crore.

L&T Technology Services (Q3)
profit declined 6.1% to Rs 302.6 crore, while revenue grew 10.2%.

NELCO (Q3)
Nelco incurred a loss of Rs 1.2 crore in the December quarter, while in the same period last year the company was in profit.

South Indian Bank (Q3)
reported a 9.5% increase in profit to ₹374.3 crore, with a marginal increase in net interest income.

Swaraj Engines (Q3)
Swaraj Engines performed brilliantly, reporting a strong growth of 31.8% in profit and 37% in revenue.

Investors are eyeing these IPOs

Bharat Coking Coal IPO

The IPO has received strong subscription and will be listed on the BSE and NSE on January 19. The grey market premium has reached Rs 14.

Amagi Media Labs IPO:
This company, engaged in broadcast and connected TV technology, is entering its third and final day of its IPO today. The GMP is around ₹27.

Shadowfax Technologies IPO:
Logistics solutions provider Shadowfax will open its IPO on January 20. Its GMP in the unlisted market is said to be Rs 16.

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