Latest Stock Market News

U.S. stocks rebounded on Friday, closing the holiday-shortened week with gains driven by megacap growth companies like Tesla and Nvidia. Despite a recent multi-session selloff, investors remain optimistic as the Federal Reserve hints at possible rate cuts. Economic data shows signs of growth, hinting at a positive U.S. economic outlook.

Gold prices fell from a three-week high, pressured by a strong dollar amid potential economic and trade changes under U.S. President-elect Donald Trump. Spot gold dropped 0.6% to $2,641.52 an ounce, while U.S. gold futures settled 0.5% lower at $2,654.70.

Oil prices rose on Friday, driven by cold weather in Europe and the U.S., and economic stimulus from China. Brent crude futures reached $76.51 per barrel, and West Texas Intermediate hit $73.96. The gains were supported by increased demand for heating oil, a drop in U.S. crude stockpiles, and a fall in the U.S. oil rig count.

The dollar dipped on Friday but was set for its best weekly performance in a month. Expectations are that the U.S. economy will outperform globally this year. U.S. interest rates are expected to stay relatively higher. New policies under the incoming Donald Trump administration may boost growth and add to price pressures.

Standard Glass Lining Technology on Friday said it has mobilised Rs 123 crore from anchor investors ahead of its initial public offer opening for public subscription on January 6.

Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January 7 and concluding on January 9. The funds raised will be used to repay/pre-pay loans, including unsecured loans from the sponsor.

Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.

Indian consumer goods firm Marico on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils.

Bank of Baroda’s global advances grew 11.65% YoY to Rs 11.72 lakh crore in Q3FY25, up from Rs 10.49 lakh crore in Q3FY24. Meanwhile, global deposits rose 11.82% YoY to Rs 13.92 lakh crore, compared to Rs 12.45 lakh crore in the same quarter last year, showcasing consistent growth in the bank’s core metrics.