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Global bond selloff continued, pressuring Wall Street stocks and boosting the dollar. U.S. Treasury yield hit its highest since April 2024. The S&P 500 and Dow rose, while Nasdaq fell. European shares dipped. Strong U.S. economic data has dampened expectations for Federal Reserve rate cuts. Investors await comprehensive non-farm payrolls data on Friday.

Oil prices fell further due to a significant increase in U.S. fuel inventories, with Brent crude and West Texas Intermediate both dropping by 0.4%. Despite the drop, concerns over tighter supplies from OPEC and Russia limited further declines. Market dynamics are influenced by winter demand and potential changes in U.S. policies with the new administration.

Equity indices ended slightly lower on Wednesday due to investor hesitation ahead of the earnings season amid lower economic growth projections. Noteworthy stock movements include Delta Corp rising 3%, Waaree Energies falling 3%, and Tata Technologies gaining 0.37%. Analysts provided buy, sell, or hold recommendations based on technical analysis.

Standard Glass Lining IPO share allotment is expected to be finalized today or tomorrow. Investors will get shares on a lottery basis. Shares are projected to list on January 13. The IPO received a strong response with a subscription of 183 times. Funds will be used for machinery, equipment, debt repayment, and corporate purposes.

Investors have until today to purchase Shriram Finance shares to participate in the upcoming stock split scheduled for January 10. The company plans to split each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The split aims to enhance stock liquidity and accessibility to retail investors.

Davin Sons Retail shares are set to debut on the BSE SME platform with an expected 9% listing premium. The company received an impressive IPO subscription of 120 times. The proceeds will fund warehouse purchases, working capital, and general corporate purposes. Revenue saw a significant rise from Rs 3.91 crore in 2023 to Rs 13.39 crore in 2024.

​So, I would say the guidance will give a clear direction and I am expecting good guidance from IT, for example, from pharma, those both being external oriented. Banks are going to be a mixed bag, but I would still back them in the sense that I would say that any revival either in consumption, at the high end or in capex has got to be supported by banks and I see a very strong BFSI from the other side of the balance sheet, the savings investment.

​Absolutely, I agree with you on the point that valuations have become very attractive out here and all businesses have been doing fine. So, I do not see any reason why Reliance should be here and we remain quite optimistic on it.

Naveen Kulkarni from Axis Securities anticipates market consolidation with gradual growth leading up to 2025. He expects earnings to improve, projecting returns of 10-12%. The IT sector is expected to perform in line with the market. Shriram Finance is forecasted to see growth owing to reasonable valuations and good return ratios.