Strides announced the successful closure of the USFDA inspection at its manufacturing site in Florida, United States

Cholamandalam Investment to consider fundraising via preferential issue to promoters on January 23.

December domestic air passenger traffic growth was at 2.56% vs 11.2% (MoM)

Kotak Mahindra Bank Q3 net profit up by 27% YoY to Rs 2,349 crore

Federal Bank Q3 net profit rose by 32.1% YoY to Rs. 440.6 crore

Indian Indices

The Indian equities wrapped January 20, trade with losses. The indices slipped into the negative territory after hitting record highs in the morning trade the benchmark indices gave up all their gains and ended near day’s low with Nifty below 12,250 level. The Sensex was down 416.46 points or 0.99% to 41,528.91. The Nifty was down 127.90 points or 1.04% at 12,224.50.

Global Signals

Asian stock markets were mixed on January 20, despite the record highs on Wall Street on January 17, with the focus now turning to the release of corporate earnings results this week.

European markets were lower on January 20, as policymakers and business leaders gather in Davos, Switzerland for the annual World Economic Forum (WEF) conference.