Latest Stock Market News

Oil prices steadied amid potential U.S. tariffs on Canadian and Mexican imports, despite an increase in U.S. crude stocks. Market turbulence followed concerns about energy demand linked to a Chinese AI model and weak Chinese economic data. President Trump is considering 25% tariffs on Canada and Mexico over immigration issues, potentially disrupting U.S. energy markets.

Malpani Pipes And Fittings IPO opened for subscription, aiming to raise around Rs 26 crore. The IPO price band is fixed at Rs 85-90 apiece, and the issue will be available for bidding until January 31. The net proceeds will be used for capital expenditure and debt repayment.

Nischal Maheshwari notes that high expectations led to market disappointment despite strong earnings reports from some banks and companies. He warns of caution in the Indian IT sector due to potential impacts from the Chinese AI models and US capex uncertainties. Market anticipates policies to boost consumption and maintain capex investments in the upcoming Budget.

Coal India share price: On a sequential basis, the PAT surged 35% compared to the Rs 6,289 crore reported in Q2FY25, while the topline increased by 17% compared to the Rs 30,672 crore posted by the PSU in the July-September quarter.

EBITDA grew 48.3% to Rs 991.7 crore in the third quarter, up from Rs 668.6 crore in the same period last year. The EBITDA margin also improved to 37.4%, up from 30% in Q3 FY24, it said in an exchange filing.

Japanese and Australian shares rose. Most other major markets in the region are closed for Lunar New Year holidays. US equity futures declined after the S&P 500 rose 0.9% and Nasdaq 100 advanced 1.6% on Tuesday, as Nvidia Corp. rallied 8.9% following the largest one-day value loss in history. The dollar and oil gained after President Donald Trump talked about across-the-board tariffs.