Stock Market News

5paisa Research Team || As the new year begins, gold prices in India have shown an upward trend compared to the previous day. On Monday, January 1, 2025, the price of 24K gold in India stood at ₹7,800 per gram, while 22K gold was priced at ₹7,150 per gram as of 10:57 AM. Below, we provide a detailed city-wise breakdown of gold rates today and explore the factors driving these movements. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap;

5paisa Research Team || Gold prices in India declined today, as compared to their slight upward movement in the past couple of days. On Tuesday, December 31, the price of 24K gold price in India was ₹7,756/ gm while 22K gold was ₹7,110/ gm as of 11:25 AM. In this article, we look at the gold prices today in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi as well as the primary drivers of these movements. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning {

5paisa Research Team || Gold prices in India experienced a slight uptick today, as compared to their prices on Saturday and Sunday. Although there is a slight upward movement, gold price today is similar to its price on Friday, 27 December. On Monday, December 30, the price of 24K gold in India was ₹7,800/ gm while 22K gold was ₹7,150/ gm as of 11:28 AM. In this article, we look at the gold prices today in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi as well as the primary drivers of these movements. Invest in

5paisa Research Team || Continuing yesterday’s trend, gold prices in India experienced a slight uptick today. On December 27, 2024 (at 12:17 pm), the price of 24K gold in India was ₹7,800/ gm while 22K gold was ₹7,150/ gm. In this article, we look at the gold prices today in cities such as Mumbai, Chennai, Bangalore, Hyderabad, Lucknow, and Delhi as well as the primary drivers of these movements. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wr

5paisa Research Team || Honda and Nissan announced on Monday that they have initiated discussions regarding a potential merger. This move represents a significant shift in Japan's automotive sector, reflecting the growing competitive pressure from Chinese electric vehicle (EV) manufacturers. If successful, the merger would form the world's third-largest automotive group by vehicle sales, following Toyota (7203.T) and Volkswagen. The integration aims to enhance resource sharing and bolster their ability to compete with industry leaders like Tesl

5paisa Research Team || President-elect Donald Trump has issued a warning to the European Union, threatening tariffs if its member nations fail to increase their purchases of American oil and gas. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff; box-shadow: 0 0 2px rgb(51 55 57 / 42%); border-radius: 4px; padding

5paisa Research Team || Suraksha Clinic and Diagnostic Limited, a prominent player in India's diagnostic services sector, is set to launch its Initial Public Offering (IPO), aiming to raise ₹846.25 crores through an offer for sale of 1.92 crore shares. With its well-established network of diagnostic centres and advanced technological infrastructure, the company plans to solidify its position in the fragmented diagnostics market, particularly in eastern and northeastern India. The company will not directly receive Suraksha Clinic and Diagnostic

5paisa Research Team || Oil prices remained relatively stable in early trading on Tuesday after falling sharply in recent sessions, driven by concerns over China’s stimulus plan and oversupply in the market. As traders await further direction from OPEC's monthly report, both Brent and U.S. West Texas Intermediate (WTI) crude futures showed only slight movements, reflecting uncertainty in the oil market. Brent crude futures were down by just one cent, trading at $71.82 per barrel, while WTI crude saw a modest rise of three cents, reaching $68

5paisa Research Team || Anthem BioScience Ltd. has recently filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise ₹3,395 crore through an initial public offering (IPO). The IPO is structured exclusively as an offer for sale (OFS), meaning no new shares will be issued, and the proceeds will go to the selling shareholders rather than the company itself. The equity shares are planned to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). Details of the Offer

5paisa Research Team || Edtech startup PhysicsWallah is gearing up for a significant market debut with plans for an Initial Public Offering (IPO) within the next four to six months. The company aims to raise $500 million, targeting a valuation of $5 billion. If successful, it will be the first dedicated edtech firm to list on the stock exchange. To facilitate this ambitious milestone, PhysicsWallah has partnered with leading investment banks such as Axis Capital, Mahindra Capital, Goldman Sachs, and JP Morgan, which will serve as its book-ru

5paisa Research Team || Leo Dry Fruits and Spices Trading Limited is launching its Initial Public Offering (IPO), presenting a book-built issue valued at ₹25.12 crore. The IPO comprises a fresh issue of 48.30 lakh equity shares, with no offer-for-sale component. The issue opens for subscription on January 1, 2025, and closes on January 3, 2025. The allotment is expected to be finalised on January 6, 2025, with listing on the BSE SME platform scheduled for January 8, 2025. The price band is set between ₹51 and ₹52 per share, with a minimum lot s

5paisa Research Team || Bangalore-based A-One Steels India is set to raise ₹650 crore through an initial public offering (IPO) as part of its strategy to expand its manufacturing facilities and reduce debt. The IPO will consist of a fresh issuance of shares worth ₹600 crore and an offer-for-sale (OFS) of shares worth ₹50 crore by the promoters, who currently hold an 85.56% stake in the company. Public shareholders hold the remaining 14.14%. A-One Steels, a prominent backward integrated steel manufacturer in southern India, filed its Draft Red H

5paisa Research Team || Investors in select schemes of the former Reliance Mutual Fund, now rebranded as Nippon Life India Mutual Fund, reportedly faced collective losses amounting to nearly ₹1,830 crore due to the fund’s decision to invest in Yes Bank’s Additional Tier-1 (AT-1) bonds, which were subsequently written off entirely. This information comes from details in a notice issued by the Securities and Exchange Board of India (SEBI) in August 2024, as reported by Moneycontrol. AT-1 bonds, often issued by banks, serve as instruments to bo

5paisa Research Team || Shares of Power Mech Projects experienced a notable increase of over 5% on January 1, following the announcement of a new order valued at ₹294 crore from Adani Power. This domestic contract encompasses overhauling services, condition assessments, and activities such as erection, testing, commissioning, and manpower support for the Performance Guarantee Test of the Steam Generator (SG), Steam Turbine Generator (STG), and associated auxiliaries. As of 11:52 a.m. IST, Power Mech Projects' stock was trading at ₹2,662.25 o

5paisa Research Team || India’s financial landscape is poised for a groundbreaking year in 2025 as it potentially sets the stage for the largest Initial Public Offering (IPO) in its history. With a surge in IPO activity and investor confidence, the country's capital markets are brimming with anticipation. At the forefront of this excitement is the much-anticipated listing of Reliance Jio, Mukesh Ambani's telecom giant, which could surpass all records in India's IPO history. The Big Player: Reliance Jio Reliance Jio, a subsidiary of Relian

5paisa Research Team || Unimech Aerospace, a new entrant on Dalal Street and a manufacturer of aerospace components, is setting its sights on expanding its domestic operations—a significant market opportunity the company is yet to fully tap. The company anticipates better performance in the second half of FY25 compared to the first half. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-con

5paisa Research Team || The UTI Quant Fund, an open-ended equity strategy with a quantitative investment focus, has been introduced by UTI Mutual Fund. Beginning on January 24, 2025, there will be ongoing sales and repurchases of the New Fund Offer (NFO), which will commence on January 2, 2025, and finish on January 16, 2025. The fund makes methodical, research-based equity investments with the goal of generating long-term capital growth. Details of the NFO: UTI Quant Fund – Direct (G) NFO Details Description

5paisa Research Team || The Bajaj Finserv Gilt Fund-– Direct (G) is an open-ended debt scheme from Bajaj Finserv Mutual Fund, designed to generate credit risk-free returns by investing in sovereign securities issued by the Central or State Governments, as well as securities guaranteed by the Government of India. The scheme may also include investments in reverse repos, triparty repos, treasury bills, or similar instruments as per RBI regulations. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .

5paisa Research Team || ICICI Prudential Rural Opportunities Fund - Direct (G) is an open-ended equity mutual fund scheme that seeks to provide long-term capital appreciation by investing in equity and equity-related instruments of companies that are expected to benefit from the growth and development of rural India. This thematic fund focuses on rural-centric sectors such as agriculture, consumer goods, infrastructure, and allied industries. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-war

5paisa Research Team || Mirae Asset Small Cap Fund - Direct (G) is an open-ended equity mutual fund that focuses on investing in small-cap companies with high growth potential. Managed by Mirae Asset Investment Managers, the fund seeks to generate long-term capital appreciation by identifying and investing in emerging businesses with robust fundamentals and scalable business models. It aims to provide investors an opportunity to benefit from the growth trajectory of smaller companies, which often have the potential to outperform their larger co

5paisa Research Team || Food delivery platform Swiggy Ltd. disclosed a net loss of ₹625.5 crore for the September quarter, marking its first quarterly report since going public last month. Swiggy recorded revenue of ₹3,601 crore in the September quarter, an increase from ₹2,763 crore in the same period last year and ₹3,222 crore in the June quarter. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center;

5paisa Research Team || Siemens reported its financial results for the July-September quarter on Tuesday, November 26, showing a 45.4% increase in net profit, which reached ₹830.7 crore, up from ₹571.3 crore in the same period last year. The company’s revenue from operations for the quarter grew by 11.2%, totaling ₹6,461 crore, compared to ₹5,807.7 crore in the previous year’s quarter. Siemens Q2 Results Highlights • Revenue: Rose by 11% to ₹6,461 crore, compared to ₹5,807.7 crore in the year-ago period. • Net Profit: ₹830.7 cro

5paisa Research Team || Godavari Biorefineries' shares dropped 4.42% to ₹293.80 after the company reported a consolidated net loss of ₹74.99 crore in Q2 FY25, compared to a net loss of ₹65.14 crore in Q2 FY24. The company's revenue from operations fell by 33.73% year-on-year to ₹320.05 crore for the quarter ended 30 September 2024. Additionally, it recorded a pre-tax loss of ₹64.11 crore in Q2 FY25, marginally improving from a pre-tax loss of ₹65.14 crore in the same quarter of the previous year. Godavari Biorefineries Q2 Results Highlights

5paisa Research Team || Waaree Energies has announced its financial results for the quarter ended on September 30, 2024. The company reported a 14.7% rise in net profit to ₹361.6 crore, compared to ₹315 crore in the same period last year. Revenue increased slightly by 1% to ₹3,574.3 crore from ₹3,537.2 crore in Q2 FY24. The company's primary business segment, Solar Photovoltaic Modules, recorded a nearly 10% decline in revenue, amounting to ₹3,053.24 crore in the July-September quarter, down from ₹3,392.40 crore in the same period last year.

5paisa Research Team || The Indian rupee experienced a record low on Monday, driven by concerns over a slowing economy after GDP growth reached its lowest level in seven quarters. Broad declines in other regional currencies further intensified the pressure on the domestic currency. Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { display: flex; flex-wrap: wrap; align-items: center; justify-content: space-between; background: #fff;

Tanushree Jaiswal || The recent decline of the rupee against the US dollar, enhancing India's export competitiveness, might be a deliberate result of strategic central bank measures to address the perceived overvaluation of the rupee. This perception arose after the real effective exchange rate (REER) surged to nearly a four-year peak in June. After appreciating against the dollar in June, the rupee has continued to depreciate through July and early August. Money market analysts attribute this trend to potential actions by the Reserve Bank o

Tanushree Jaiswal || The Indian rupee is expected to reach a record low at the opening on Wednesday, ahead of significant U.S. inflation data and new interest rate projections from Federal Reserve officials. Non-deliverable forwards suggest the rupee will start trading at 83.58-83.60 to the U.S. dollar, down from 83.5650 in the previous session and surpassing the all-time low of 83.5750 set in April. On Tuesday, the rupee fell below the long-standing support level of 83.50-83.55. The rupee has faced challenging days recently. Weighed down by

Tanushree Jaiswal || The Foreign Exchange Derivatives market in India is undergoing a substantial disruption on April 5, due to the implementation of newly announced regulations by the Reserve Bank of India (RBI). It is anticipated that the implementation of these regulations, which mandate an underlying foreign-exchange exposure for currency derivatives trading on stock exchanges, will significantly affect the market, specifically affecting retail traders and speculators, who make up a substantial proportion of the participants. To comply w

5paisa Research Team || The Engineering Export Promotion Council (EEPC) of India has proposed the introduction of a faceless GST audit system to further enhance the ease of doing business in the country. This forward-thinking recommendation, included in EEPC India’s Budget 2025 proposals, is expected to streamline compliance procedures and reduce operational costs, especially for Micro, Small, and Medium Enterprises (MSMEs). Invest in Indian Markets and Unlock Future Potential With 5paisa! Open Account Now .login-warning { di

Tanushree Jaiswal || The attractiveness of buybacks from information technology (IT) companies is expected to diminish following the Budget 2023-24 announcement, which states that income from share buybacks will now be taxed as dividends for the recipient investor. Analysts anticipate this change will make buybacks less appealing due to increased compliance burdens and potentially higher taxes. Under the current system, companies are charged an additional income tax for buybacks. However, starting October 1, 2024, the income from share buyba

Tanushree Jaiswal || The Union Budget for 2024-25, unveiled today, marks the inaugural budget of the new coalition government, meeting high expectations from both industry stakeholders and the general public. The budget's central theme aligns with the ambitions of a youthful nation—focusing on employment, skills development, MSMEs, and the middle class. As the world's fastest-growing large economy, the budget needed to not only reinforce fiscal stability but also set the stage for sustained economic growth, a delicate balance the finance mi

Tanushree Jaiswal || The Union Budget for the fiscal year 2025 places a strong emphasis on the financial sector's vital role in fostering economic growth. This is achieved through several strategic announcements designed to enhance credit flow to key sectors and optimize outcomes in three critical areas: credit expansion, financial inclusion, and stressed assets resolution. The DFM Troika: Digital, Financial Inclusion, and MSME Support Measures Digital Initiatives First, the budget underscores technology initiatives in agriculture, par