Bitcoin has surged to a new all-time high above $108K up 148% year-to-date, but may be overheating, making Cardano and Litecoin affordable alternatives with potential upside. Cardano has had a strong post-election rally, still trading 66% below its all-time high, and could benefit from a spot ETF launch in 2025. Litecoin, also trading below its all-time high, may be poised for a spot ETF debut.

The IPO of Dam Capital Advisors Ltd opened for public subscription on December 19 and will close on December 23. The DAM Capital Advisors IPO has received decent demand, with a subscription status of 6.98 times so far, and a grey market premium of ₹161 per share, indicating a potential 57% return. The IPO is priced at ₹269-283 per share and closes on December 23.

Nvidia CEO Jensen Huang at the Nvidia AI Summit Japan in Tokyo, Japan, on Nov. 13, 2024 Key Takeaways It’s been a record-breaking year for artificial intelligence darling Nvidia’s stock, as demand for its AI chips pushed sales to fresh highs. Most analysts expect more gains ahead, with demand for Nvidia’s latest chips continuing to outpace supply.

In the last couple of years, AI tech has become the ‘shiny new thing’ in the business world, the new tech that transforms industries with streamlined workflows, smarter applications, more satisfied customers, increased revenues – essentially, if there’s a challenge, AI is marketed as the solution. Morgan Stanley analysts identify two AI stocks, 📌Salesforce and 📌Elastic, as prime candidates.

Senores Pharmaceuticals' IPO has been subscribed 1.78 times with investors subscribing 1.51 crore shares, exceeding the 85 lakh shares on offer, with a fixed price band of ₹372-381 per share and a lot size of 38 shares. Senores Pharma IPO's grey market premium stands at ₹200 per share, expecting a listing price of ₹591 per share, a 51.15% premium.

The Definedge Plastic Index is an equal-weighted index comprising 35 stocks related to plastics. The Definedge Plastic Index has been trending upward monthly, signalling a bullish primary trend. The plastic sector has shown strong relative strength, and stocks like 📌Emmbi Industries and 📌Kingfa Science & Technology India stand out for their technical strength and growth potential.

The Securities Exchange Board of India (SEBI) has detected a case of front running involving an equity dealer with PNB Metlife India Insurance. The dealer, Sachin Dagli, and his associates illegally gained some money over three years. SEBI has issued an interim order barring Dagli and nine associated entities from the market and ordered them to disgorge the illicit gains.

The Allahabad High Court has ordered a probe into allegations that the Himalayan Cooperative Housing Society defrauded the Lucknow Development Authority of crores of rupees by illegally acquiring excess land and transferring it to others. The vigilance department must investigate and file a report by January 20.

Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. Money market account rates have fallen due to the Federal Reserve's recent rate cuts, but some accounts still offer up to 5% APY, and it's essential to compare rates to earn the most on your balance.

The blacklisting of two firms due to incomplete housing projects will cost Ahmedabad Municipal Corporation (AMC) Rs 45.94 crore more to engage a new contractor to finish the pending work. The Housing Improvement and Urban Poor Housing Scheme Committee endorsed two proposals on Friday that will cost the AMC Rs 45.94 crore.

In 2024, fundraising through IPOs in India hit a record high of Rs 1.6 lakh crore. This milestone was fueled by robust economic growth, favorable market conditions, and enhancements in the regulatory framework. The year saw diverse companies, ranging from large to small market caps, tapping into the IPO route, with the average issue size increasing from Rs 867 crore in 2023 to over Rs 1,700 crore.

📌The bidding for Unimech Aerospace IPO will commence on Monday, December 23, and conclude on Thursday, December 26. 📌Unimech Aerospace IPO price band is set at ₹745 to ₹785 per share and the IPO lot size is 19 shares. 📌The company has already raised ₹149.5 crore from anchor investors ahead of its IPO opening tomorrow. 📌Unimech Aerospace IPO GMP today is ₹482 per share.

The government has decided to infuse ₹500 crore capital in state-owned IFCI to improve its financial health ahead of the company’s proposed restructuring and consolidation into a group. With the infusion, the government of India’s holding in the company is expected to further increase from existing 71.72 per cent as on September 2024.

India's key property market Delhi-NCR has remained buoyant during December quarter, with housing sales and new supply estimated to rise 25% and 59%, respectively, according to PropEquity. RE data analytic firm PropEquity data shows that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this calendar year from 10,354 units in the year-ago period.

Industry body CII proposes reforms to India's Priority Sector Lending framework, suggesting inclusion of emerging sectors like digital infrastructure, green initiatives, and innovative manufacturing, and setting up a committee to review PSL norms and explore the need for new Development Finance Institutions.