Latest Stock Market News

European shares fell due to losses in automobiles and telecom stocks amid trade war fears between the U.S. and China. STOXX 600 index dropped 0.3%. Vodafone shares dropped 5.6%. Infineon shares rose 11.1% after strong revenue report. BNP Paribas reported jump in net income but lowered profit target for 2025.

MobiKwik Q3 Results: The Q3FY25 revenue from operations stood at Rs 269 crore, marking an 18% increase compared to Rs 229 crore reported in the same quarter of the previous financial year.

One of the major highlights is the personal income tax relief, which is a bold move, with the government forgoing nearly ₹1 lakh crore in revenue. This is expected to boost consumption, as taxpayers will have additional spending power, creating a multiplier effect on the economy.

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.