Latest Stock Market News

Karamtara Engineering has filed papers with Sebi to raise Rs 1,750 crore through an IPO. The IPO includes a fresh issue of shares worth Rs 1,350 crore and an offer for sale of shares worth Rs 400 crore. Funds from the IPO will be used to pay debt and for corporate purposes.

Alchemy Capital Management has launched the Alchemy Smart Alpha 250 Fund, a Category III AIF focusing on long-term capital appreciation through large and mid-cap equity investments. With a minimum investment of Rs 1 crore, the fund uses a proprietary eQGP framework for active management. It aims for high alpha with lower volatility and is managed by Alok Agarwal.

Jefferies has rated Bharti Airtel as the top telecom pick, citing strong data subscriber growth and market share gains despite tariff hikes. Reliance Jio received a “buy” rating due to its recovery in 4G/5G additions. Vodafone Idea struggles with persistent subscriber losses. Jefferies expects Airtel and Jio to dominate, while Vodafone Idea faces intensified competition.

The Indian rupee closed lower on Thursday hurt by a decline in most regional currencies and dollar demand from foreign banks but market gauges signal that the bearish bias on the rupee has dampened in January.

Indian benchmark indices rose, driven by IT stocks and pharma gains. GoDigit Insurance, Zensar, Coforge, Pidilite, and Vardhman Textiles saw significant stock movements, while BPCL and IndiaMart dropped.

Technology-enabled building materials platform Infra.Market has secured Rs 1,050 crore in its pre-IPO funding round as it is gearing up for a public listing later in the year, according to a regulatory filing with the Registrar of Companies (RoC).

The Nifty Realty index closed 1.0 per cent at 873.70.

Ajay Vora from Nuvama Asset Management emphasizes the importance of growth visibility and value in investment choices. He highlights opportunities in banking and cement sectors but advises a long-term perspective. He suggests caution in real estate and consumption sectors due to current market conditions and the need for better economic clarity.

Mahesh Patil, CIO of Aditya Birla Sun Life AMC, believes that recent market corrections have made large-cap stocks more attractive, potentially bringing back foreign investors. Despite strong domestic investments, the weakening market breadth may cause a slight correction in the Nifty and ongoing declines in midcap and smallcap stocks. This year will be more stock-specific rather than sector-based betting.