Latest Stock Market News

​Jan 10 Capital markets regulator Sebi has kept in "abeyance" the proposed Rs 1,500 crore Initial Public Offering (IPO) of Asirvad Micro Finance, a subsidiary of listed NBFC Manappuram Finance. However, the Securities and Exchange Board of India (Sebi) did not clarify further.

In Asia, Japanese stocks hit a near 34-year high, while other Asian equities meandered around one-month lows ahead of U.S. inflation data due this week.

Medi Assist Healthcare IPO: In the OFS, promoter Vikram Jit Singh Chhatwal and promoter group entities Medimatter Health Management and Bessemer Health Capital will offload part of their stakes.

Ashok Tyagi says: “It is safe to assume that FY24 will end at a number higher than Rs 13,000 crore we had guided for. By how much, that is something that we are still working on. We are also seeing if some of the launches that we had originally scheduled in the next fiscal can be advanced to Q4 may or may not happen given the approval cycles.”

Jain’s $1.9 billion investment in Gautam Adani’s empire has soared 130% to about $4.3 billion in just 10 months, according to Bloomberg calculations. The stock price of Adani Ports and Special Economic Zone Ltd., widely deemed the crown jewel of the group, is the latest to double in Mumbai trading Wednesday since GQG Partners Inc. initially picked up a stake in the firm in March.

Abhishek Kapoor says: “Project to project, micro market to micro market, we will see different increases in prices. But the good part is as an industry, developers have not gone over the top and increased prices, but they are chasing volumes. I think that is good and healthy for both the consumers and the developing community.”

Arnav Pandya says: "If you are just looking at the tax benefit, you do consider one thing that it is very likely that the amount which you invest on which you think you will get a deduction, you are not going to be able to access for a very long time. So that is very important to consider because if you are going to lock in your money for 25 years, then the tax benefit per se might not seem very significant."

​The rupee settled at 83.0350 against the U.S. dollar, its highest closing level since Dec. 15, against its close of 83.1150 in the previous session.

Rohit Srivastava says: If I run a query on strike and am just checking the performance from 1st to 9th of January to see what are the best and worst performing sectors because that is how we would focus. If we are a little more bearish, then we look for where the weakness is and surprisingly even though IT is slightly up today, the weakest sector is actually IT. So, it is down 2.9%. The second weakest is metals, which is down 2.39%. And the third is banking.

Earlier in the day, an RIL Chairperson said the Mukesh Ambani Dhirubhai Ambani Green Energy Giga Complex in Jamnagar is ready to be commissioned in the second half of 2024 itself. Spread over 5,000 acres, the project will generate a large number of green jobs, enable the production of green products and materials, and will make Gujarat a leading exporter of green products.