Latest Stock Market News

The crypto market in 2024 saw pivotal milestones, including Bitcoin ETF approvals, institutional inflows, and global adoption shifts. Looking ahead, 2025 promises diversified investment products, increased crypto payments, real-world asset tokenization, Web3 startups, and AI-crypto synergies.

Market sentiment dampened as Q3 earnings worries and U.S. rate concerns dragged indices lower, with select mid- and small-cap stocks hitting year-long lows.

The retail portion of Delta Autocorp IPO was subscribed 167.51 times, while non-institutional investors subscribed 110.78 times. Qualified institutional buyers oversubscribed their portion by 21.27 times on the final day of bidding.

With Budget 2025 approaching, excitement is growing in the stock market, particularly around fertilizer stocks. These stocks often gain attention as investors anticipate increased government spending on rural programs, potentially boosting agricultural demand and benefiting fertilizer companies.

The IndiGo stock has underperformed following a significant miss in the company’s 2Q results, driven by higher costs impacting profitability. However, Jefferies expects cost normalization in the future, viewing the factors behind the higher costs in 2Q as temporary. The brokerage anticipates a return to more typical cost levels, which could improve the company’s performance moving forward.

Suranjana Borthakur of Mirae Asset Investment Managers highlights their focus on decadal themes like consumption, banking financial, and healthcare. She advises balanced portfolio allocations, recommending mid and smallcaps alongside largecaps for long-term growth. With stable SIP inflows, hybrid and thematic funds are also expected to be attractive in the near future.

CLSA reaffirmed Bharti Airtel as India’s top telecom pick, citing robust growth potential and 5G expansion. Indus Towers, Tata Communications, and others also received mixed ratings, while Vodafone Idea faces ongoing challenges.

The Board of TCS approved a third interim dividend of Rs 10 per share and a special dividend of Rs 66 apiece for the financial year ending March 2025.

Indian indices closed lower, pressured by financial and IT stocks, foreign outflows, and concerns over U.S. rate cuts. Key movers included SRF, Navin Fluorine, Borosil, Swiggy, and IGL.

FMCG player Adani Wilmar will see one of its promoter Adani Commodities LLP offloading up to 20% stake in the company through an offer for sale (OFS), which opens on January 10.