Latest Stock Market News

Shares of Senco Gold will trade ex-bonus from Friday due to a 1:2 stock split, with January 31 set as the record date to determine shareholder eligibility. Each Rs 10 equity share will be divided into two Rs 5 shares, doubling the share count but keeping the investment value unchanged.

BEL share price: The company’s consolidated revenue from operations for the December quarter was Rs 5,770.69 crore, marking a 38.6% increase from Rs 4,162.16 crore in the same quarter of the previous financial year.

Wipro share price: As part of the contract, Wipro FullStride Cloud will deliver a tailored cloud-based solution that provides Etihad Airways with real-time insights into resource utilization, while improving operational agility and scalability across its global operations.

PB Fintech reported an 88% YoY increase in Q3 profit, reaching Rs 71.54 crore, driven by a 48% rise in revenue and a 62% surge in insurance broker services. However, its credit business faced challenges due to the RBI’s crackdown on unsecured lending. The company’s shares rose 83.99% in the past year, outperforming its sector.

Shree Cement share price: The cement major reported a 69% YoY decline in Q3 profit to Rs 229 crore, impacted by lower revenue and weak cement prices, despite reduced power and fuel costs. Sequentially, the company saw a 146% jump in profit and a 60% rise in EBITDA. Shree Cement is expanding its production capacity, with projects expected to be commissioned in Q2 FY2025.

Gold prices reached a new peak on Friday and marked a fifth consecutive weekly gain due to concerns over U.S. tariff threats and anticipation of a crucial inflation report. Spot gold increased to $2,795.92 per ounce, rising nearly 1% for the week. Investors are keenly awaiting the December U.S. personal consumption expenditures price index report.

The yen is poised for its best monthly start of the year since 2018, due to expectations the Bank of Japan will continue raising rates. Meanwhile, the Mexican peso and Canadian dollar face uncertainty ahead of potential U.S. tariffs. The euro, Australian and New Zealand dollars are set to decline as their respective central banks consider easing measures.

Intel exceeded December-quarter expectations, but its current-quarter forecast missed predictions. The company struggles with low demand for data center chips and awaits a new CEO. Interim Co-CEO Michelle Johnston Holthaus announced a halt on a new AI chip design. Intel faces competition from Nvidia and AMD, and concerns over tariffs impacting sales.

Retail investors took advantage of the market selloff earlier this week by buying various technology stocks, including Nvidia, Tesla, Broadcom, and Apple, according to Vanda Research. This surge of investment, fueled by the recent decline in stock prices, led to an inflow of roughly $4.25 billion into U.S. markets over a few days, reaching post-election levels.