Latest Stock Market News

Exim Bank raised $750 million to $1 billion via 10-year bonds, priced at 100 basis points above the US Treasury yield, with global investor demand exceeding $2.5 billion. The tighter pricing reflects improved market sentiment since 2023.

European shares slipped on Tuesday, pulling back after robust gains in the last session, as falling healthcare and financial stocks weighed while investors focussed on key inflation data across the continent due later in the day.

After witnessing their steepest decline in three months on Monday, Indian benchmark indices bounced back on Tuesday, with the Sensex rising 230 points and the Nifty breaking above the 23,700 level, fueled by advances in heavyweight financial stocks and Reliance Industries.

The retail segment of the issue saw 283x subscription, while non-institutional investors subscribed 212.5x on the final bidding day. Qualified institutional buyers subscribed 7.26x. Priced at Rs 57-Rs 61 per share, investors can bid for a minimum of 2,000 shares, requiring Rs 1.22 lakh. High-net-worth individuals must apply for at least 4,000 shares, amounting to Rs 2.44 lakh.

The U.S. dollar stabilized near a one-week low as traders evaluated the potential impact of President-elect Trump’s tariffs. A report suggested a targeted approach only on critical sectors. Trump denied the report. The dollar index recovered, supported by higher U.S. Treasury yields. Meanwhile, euro and sterling experienced minor changes, with bitcoin trading at its highest levels since December.

Shares of Padam Cotton Yarns and Algoquant Fintech will start trading on an ex-bonus basis from January 8. Padam Cotton Yarns has announced a 1:1 bonus share issue while Algoquant Fintech has announced a 1:2 bonus share issue. This is the first time both companies are issuing bonus shares. Invest in these shares by today to qualify.

U.S. companies are actively engaging in the corporate bond markets to mitigate potential rising funding costs due to an expected increase in Treasury yields. With 22 companies offering new bonds, the bond issuance is projected to reach nearly $65 billion this week. This strategic financial move follows a robust borrowing trend observed in 2024.

Jagsonpal Pharmaceuticals announced a 1:2.5 stock split and set January 8, 2025, as the record date. Today is the last day to buy the stock to be eligible for the split. The share price has increased by 55.8% in the last year but dropped by 10% in the last month. Other companies also announced stock splits for January 8.