Latest Stock Market News

Silver ETFs offer Indian investors a modern, efficient way to invest in silver without the hassles of physical ownership. With Rs 14,000 crore invested, these ETFs provide security, convenience, and diversification. Silver’s dual role as a precious metal and industrial commodity makes it a versatile investment, especially during inflation. Silver ETFs can hedge against market volatility and enhance portfolio stability.

HCLTech CEO C Vijayakumar and CFO Shiv Walia elaborate on their Q3 performance and forecast. They report improvements in the spending and demand environment. While services revenue met expectations, software revenue was slightly lower. The company aims to enhance margin and revenue through strategic initiatives. HCLTech anticipates steady growth in Q4 despite some moderation due to project completions.

Crypto prices show recovery after a drop, with Bitcoin rebounding to $94,856, up 1.2%. Ethereum slips 0.9%. Bitcoin finds support at $89,200, and institutional moves, like BlackRock’s Bitcoin ETFs, boost sentiment. Altcoins such as Dogecoin and XRP gain, while stablecoins dominate the market volume at 92.61%. Bitcoin’s market cap rises to $1.879 trillion.

The Barflex Polyfilms IPO opened for subscription on January 10 and will close on January 15. Allotment is expected to be finalized on Thursday, January 16. The IPO is set to list on the NSE SME, with a tentative listing date of Monday, January 20.

As of 30-Sep-2024, promoters held 0.0 per cent stake in the company, while FIIs held 24.75 per cent and domestic institutional investors had 14.91 per cent.

PSUs, defense, and railway stocks have shown mostly negative returns in the fortnight before the budget over the last six years. PSU stocks performed poorly in five out of six budgets, while railway and defense stocks have also been lackluster, except during the 2024 interim budget.

The Indian market is set to recover in 3QFY25. Key sectors like BFSI, capital goods, technology, healthcare, and real estate will lead the growth. IPCA Labs and Coforge are expected to perform well. Overall corporate earnings are expected to grow, although the metals and cement sectors may face challenges.

Oil prices eased slightly on Tuesday but remained near four-month highs as new U.S. sanctions on Russian oil remained the focal point. Brent futures dipped 53 cents, while WTI crude fell 44 cents. Market attention is also on upcoming U.S. inflation data, which could impact Federal Reserve interest rate decisions and overall oil demand.

​So, buy-on decline to continue over here, but just for intraday perspective, overall swings will continue and one needs to be totally hedged in such kind of a market scenario. Till the time India Vix does not cool off, this is going to be there for some time now.

M Financial’s report highlights that Zomato is likely to receive inflows of approximately $620 million, translating to 226.6 million shares, with an estimated trading volume impact of 3.8 days. Similarly, Jio Financial Services is projected to attract around $356 million in inflows, corresponding to 109.2 million shares, impacting trading volumes for an estimated 6.1 days.