Today’s top morning headlines - 18th January 2024

Good afternoon

Markets are trading in the red, with the NIFTY50 trading near 21,500 as of 12:30 pm. Here are the top stories for the day!

Top gainer: Tech Mahindra: 1,357 ▲ 30 (+2.2%)
Top loser: LTIMindtree: 5,661 ▼ 614 (-9.7%)

:star:ICICI Prudential falls post Q3 results
Shares of the life insurance company are down more than 5% today. This comes a day after it reported a decline in new business margins, as demand dipped for high-value policies following taxation changes and sales of low-margin products increased.

:star:Aarti Industries gains after securing new contract
Aarti Industries announced signing a long-term agreement with a multinational conglomerate to supply a niche speciality chemical. The contract entails supply over four years and is anticipated to generate revenue of over ₹6000 crores for the company.

:star:Kirloskar Oil gains on new order win
Kirloskar Oil Engines has received a prestigious order from Nuclear Power Corporation of India Limited (NPCIL) for the 5th and 6th unit of the Kudankulam project for the supply, erection & commissioning and handing over of 10 numbers of 6.3 MWe Emergency Diesel Gensets.

:star:Uniparts India rises after bagging order
Shares of Uniparts India are up around 1% today. This comes after its international subsidiary bagged an order worth $1.2 million. The order includes supplying construction equipment parts.