Latest Stock Market News

Sebi approved IPOs of 8 companies, including Indogulf Cropsciences, Solarworld Energy, and Aditya Infotech. These firms plan to raise funds for debt repayment, working capital, expansion, and strategic investments. Major sectors include renewable energy, defense, construction, and hospitality. The largest IPO is SMPP Ltd at Rs 4,000 crore.

B Prasanna of ICICI Bank shares views on the dollar-INR rate fluctuations and international investors responses. He explains the necessity for the RBI to manage the rupee through strategic policies, including rate cuts and increased liquidity. Additionally, Prasanna highlights the prudent fiscal approach of the government in its infrastructure spending in the upcoming budget.

Chinese stocks in Hong Kong surged as investors focused on artificial intelligence and electric vehicle shares, despite new tit-for-tat tariffs between China and the U.S. AI-related stocks and the EV sector led the rally, while the market anticipates upcoming trade negotiations and the National People s Congress meeting.

Bitcoin rebounded to $99,222 after Trump paused tariffs on Canada and Mexico, easing trade war concerns. Major cryptos like Ethereum, Solana, and Dogecoin surged, lifting the market cap to $3.23 trillion. Analysts see resistance at $103,400 and support at $99,000, with trade developments expected to drive future movements. Stablecoins dominate trading volume.

The company aims to raise approximately Rs 15 crore through this IPO, offering 29.19 lakh fresh equity shares. The issue is open for bidding until February 6. The proceeds will be used for capital expenditure, including acquiring new testing kits and equipment, strengthening working capital, repaying debt, and supporting general corporate purposes.

There are signs of dilution, particularly with Canada and Mexico, suggesting Trump may be more flexible than initially feared.

The strong performance was mainly driven by a 32% year-on-year (YoY) growth in container volumes. Additionally, liquids and gas cargo contributed notably to the overall growth, with an 18% YoY increase.

Power Grid Corporation of India reported a 4% year-on-year decline in net profit for the December 2024 quarter to Rs 3,861.63 crore. Total income also saw a slight decrease, while expenses were reduced. The company announced a second interim dividend and approved a significant investment project.