Stocks that will see action today: January 23, 2024 - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sectorally, selling was seen in realty, public sector, metal, oil & gas, and energy space while some buying was seen in healthcare. Sharp selloff was also seen in the small & midcap spaces, which plunged nearly 3% each.
The eagerly awaited inauguration of the Ram Mandir took place in Ayodhya on Jan 22. With over $10 billion in investments made, the city is expected to attract around 5-10 cr footfall every year. This influx of pilgrims is poised to create lucrative opportunities for many sectors. Let s take a look:
Lemon Tree Hotels has established a niche for itself in the mid-market segment and is expanding its presence in the top segment. The company is expected to benefit from rising demand and slower supply in key markets like NCR and Mumbai. The recent opening of mega convention centers in these cities will bring significant changes in dynamics.
In a fervent market rally, the Indian markets reached new peaks, propelled by the performance of IT giants. The IT sector, showing early signs of recovery, particularly in the Banking, Financial Services, and Insurance (BFSI) segment, has significantly influenced market sentiments. The belief in an improved outlook for BFSI in FY24-25 was a key driver behind the soaring performance of IT heavyweights on Friday.