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 Wednesday, 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: wra

5paisa Research Team || As the new year kicks off, gold prices in India today continue to climb, maintaining the upward momentum observed yesterday. As of 12:14 PM on Thursday, January 2, 2025, the price of 24K gold stands at ₹7,833 per gram, while 22K gold is priced at ₹7,180 per gram. Gold Rates in India Today See an Increase As of January 2, 2025, gold price in India has seen an increase. The price of 22-carat gold has increased by ₹30, while 24-carat gold is up by ₹33, compared to yesterday. Here's a detailed city-wise breakdown

5paisa Research Team || The gold rate today in India continues its upward trend following yesterday’s increase. For 22K gold, the gold rate today has surged by ₹80, reaching ₹7,260, while for 24K gold, it has risen by ₹87, reaching ₹7,920. Below, you'll find a detailed city-wise breakdown of today’s gold rates along with an overview of recent gold price trends in India. Cost of Gold Today See an Increase As of January 3, 2025 at 11:42 am, the gold rate today has slightly increased. 22-carat gold rate has increased by ₹80 and 24-carat gol

5paisa Research Team || The gold rates in India today, January 6, remain unchanged from Sunday, January 5. The price for 22K gold stands steady at ₹7,215 per gram, while 24K gold is priced at ₹7,871 per gram, reflecting no fluctuations since yesterday. Cost of Gold Today Remains Steady As of 11:28 AM on January 6, 2025, gold prices in India remain unchanged from the previous day. On Saturday, the price of 22-carat gold dropped by ₹45 per gram, and 24-carat gold decreased by ₹49 per gram. Since then, rates have remained stable. Here’s

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 || 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 || 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 || 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

It was almost like a tale of 2 IPOs. Both LIC and Delhivery hit the IPO market around the same time. They were stocks that most of the market players were looking up to set the trend. However, the performance of the two stocks has been diametrically opposite in both the cases. While LIC had a tepid listing and then fell sharply below the issue price, Delhivery bounced from a tepid listing to outperform the Nifty since its listing. First the similarities. There were a number of similarities between the two companies. Firstly, both the IPOs

Mamaearth became a household name when one of its co-founders, Ghazal Alagh, became popular on the Shark Tank show. Mamaearth is an Indian skin care brand which is backed by PE Fund, Sequoia Capital. Now, Mamaearth is in talks to raise at least $300 million or Rs.2,350 crore via an IPO in the year 2023. That would peg the valuation of Mamaearth at around $3 billion. The company will be filing the draft red herring prospectus only in the coming year, but the spade work for the IPO has already started in right earnest. Mamaearth is not a

If you want to understand the gap between intent and actual delivery, it is starkly visible in the field of initial public offerings or IPOs. If you just looked at the IPO market intuitively, you can say that the enthusiasm that companies show in filing for IPOs is not matched up with the enthusiasm to do the actual IPO. For the calendar year 2022 so far, a total of 50 companies have already filed their draft red herring prospectus of which only 16 IPOs have actually fructified. The table of H1 of each year captures this dilemma rather eloquent

In the first half of 2022, over 50 fresh IPO filings have been done with SEBI, marking a record for the first half of any year. However, the number of issues have not really kept pace with the number of filings with the most obvious case being that not a single IPO hit the market in the month of June. There are reasons like the global uncertainty, the weak performance of IPO listings like LIC, Delhivery etc, but that is off the point. The fact, that the enthusiasm for filing for IPOs has hardly abated. The latest in the list is a liquor company

5paisa Research Team || The Kotak Nifty SmallCap 250 Index Fund – Direct (G), launched by Kotak Mahindra Mutual Fund, is an open-ended index fund aimed at tracking the performance of the Nifty SmallCap 250 Index. The scheme seeks to provide returns that closely correspond to the total returns of the securities in the underlying index, subject to tracking errors. The fund was launched on January 6, 2025, with the New Fund Offer (NFO) closing on January 20, 2025. Investors can start with a minimum subscription amount of ₹100. This fund is ideal f

5paisa Research Team || Shares of Gensol Engineering Ltd. surged by 8.6% to ₹759 per share on January 6, following the announcement of a substantial contract win. The company has secured an engineering, procurement, and construction (EPC) contract from a prominent Public Sector Undertaking (PSU) for the development of a 275 MW Solar Photovoltaic (PV) Project at the RE Solar Park in Khavda, Rann of Kutch, Gujarat. The project, valued at approximately ₹1,062 crore, inclusive of GST, also includes a three-year period for operations and maintenance

5paisa Research Team || India is urging states to attract more private investment to accelerate the development of its power transmission network, as part of a broader strategy to modernize the grid and support the growth of renewable energy. According to a report by the Central Electricity Authority (CEA), states are encouraged to monetize their transmission assets by transferring ownership to private entities for a fixed period and using the proceeds to fund new infrastructure projects. The report emphasizes that power regulators should im

5paisa Research Team || Suzuki Motor Corp has revised its electric vehicle (EV) strategy for India, setting an ambitious goal of achieving an annual manufacturing capacity of 4 million cars to meet both domestic and export demands. These details were outlined in the company's mid-term management plan for FY25-30, released on February 20. Strategic Shift in Response to Market Dynamics Acknowledging shifts in India's automotive sector, Suzuki noted that decliniSuzuki Acknowledges Market Share Decline in India, Calls for Strategic Rethink Am

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 || 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 || 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 || 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 || 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 || 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 || 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 || 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;

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

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 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

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 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 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

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

5paisa Research Team || The Finance Ministry has approved a Production-Linked Incentive (PLI) scheme with an allocation of ₹25,000 crore for electronic components, according to a report by CNBC-TV18 citing sources familiar with the matter on January 6. Following this approval, the Ministry of Electronics and Information Technology (MeitY) is expected to seek Cabinet approval, with an announcement likely during the Union Budget 2025. The industry had reportedly pushed for a higher allocation of up to ₹40,000 crore for the scheme, reflecting t