Oil prices steadied in early trade on Tuesday after sliding in the previous session, as markets weighed Middle East tensions against demand worries and rising OPEC supply. Brent crude futures rose 18 cents, or 0.2%, to $76.30 a barrel at 0122 GMT, while U.S. West Texas Intermediate crude futures inched up 6 cents, or 0.1%, to $70.83 a barrel. The benchmarks had fallen over 3% and 4% respectively.

Domestic markets started January 9 trade on a positive note as sentiments improved overseas. The benchmark indices - S&P BSE Sensex and NSE Nifty 50 climbed 0.4 percent each to 71,654 and 21,606 levels within the first hour of trade amid lower volatility. While December quarter (Q3FY24) results and inflation data will further shape market momentum, analysts eye Nifty to reach 22,000-mark.

#1. Equity benchmarks slump nearly 1 percent as investors recalibrate rate cut cues Indian stock markets slid close to 1 percent on profit booking and weak global cues. The Sensex and Nifty surrendered early gains to close in the red, snapping their two-day winning streak as investors pared exposure to banking, metal and FMCG stocks. The 30-share Sensex fell 0.93 percent to close at 71,355.22.

Volkswagen's voice assistant integrating ChatGPT into its cars will be able to converse with users in a back-and-forth dialogue by the middle of the year, the carmaker said on Monday as it presented the technology in Las Vegas. Volkswagen presented its first vehicles featuring ChatGPT, to be available for customers in North America and Europe from early in the second quarter of this year.

India's largest private port operator, Adani Ports and Special Economic Zone, entered the bond market for the first time in over two years on Monday, with the issue garnering strong demand. The fundraising follows the Supreme Court's decision that the group is not required to undergo additional investigations beyond the market regulator's current scrutiny. The decision brought major relief.

As we begin 2024, we enter a period brimming with both opportunities and uncertainties. 2023 was a testament to the unpredictability of global markets, characterized by unexpected economic resilience in some regions and challenges in others. The year began under the shadow of slowing growth and recession concerns in major developed markets.

The public issue of Jyoti CNC Automation opened for subscription on January 9. The stock attracted a 30 percent premium in the grey market over the issue price. Despite sky-high valuation, volatile financials and comparatively lower return ratios, several analysts have assigned a ‘subscribe’ rating to the issue, citing growing industry demand, improving financial risk profile.

Sidharth Satpathy, Vice President at Swiggy Instamart has resigned from the company, joining the growing list of top-level exits at the food delivery giant. Satpathy, who worked with the firm for over 4 years, will be replaced by Amazon India’s performance marketing head Anirban Roy. “Anirban Roy will be taking over my role in Instamart effective this week as I start my next stint.

Prabhudas Lilladher has come out with its third quarter (October-December’ 23) earnings estimates for the Metals & Mining sector. The brokerage house expects Jindal Steel & Power to report net profit at Rs. 10.8 crore up 108.5% year-on-year (down 22.1% quarter-on-quarter). Net Sales are expected to decrease by 1.4% Y-o-Y (up 0.2% Q-o-Q) to Rs. 122.8 crore, according to Prabhudas Lilladher.

Hindustan Copper (MWPL: 112.09 percent), Bandhan Bank (107.69 percent), Escorts (92.83 percent), India Cements (92.1 percent), Piramal Enterprises (91.79 percent), National Aluminium Company (89.04 percent), Chambal Fertilisers & Chemicals (87.86 percent), SAIL (86.95 percent), Delta Corp (86.78 percent), Zee Entertainment Enterprises (85.95 percent), Indian Energy Exchange (83.67 percent).

Sony Group Corp is close to calling off its proposed $10 billion merger between its India operations with Zee Entertainment Enterprises Ltd (ZEEL) – first announced two years ago in a bid to create India’s largest broadcast company — owing to what it sees as the inability of the latter to fulfil several conditions laid down in the merger agreement, t.

Wind energy solutions provider Inox Wind on Tuesday said it bagged a 50-MW wind energy project from state-owned NLC India. The project will be executed at the mega Dayapar site in Kutch district of Gujarat, a company statement said. According to the statement, Inox Wind has received a Letter of Intent (LoI) for executing a 50-MW ISTS connected wind power project on a turnkey basis from NLC India.

Samsung Electronics Co Ltd reported a likely 35% drop in fourth-quarter operating profit on Tuesday, much worse than analysts expected as weakness persisted in its chips, TV and home appliance businesses even as chip prices improved. The world's largest memory chip, smartphone and TV maker estimated its operating profit fell to 2.8 trillion won ($2.13 billion) in October-December.

Elon Musk’s reported drug use has Tesla Inc. board members facing a familiar quandary: having to decide what, if anything, to do about the chief executive subjecting directors and shareholders alike to great financial and legal risk. The Wall Street Journal article describing Musk’s history of recreational drug use and ongoing consumption of ketamine is the latest in a long line of tests.

The Federal Reserve’s rapid interest-rate hikes in 2023 and tough regulations on banks have put private credit on the roadmap to becoming an asset class in its own right. In the US, it has grown bigger than the high-yield corporate bonds market or leveraged loans; its prominence even brought heated debate over whether this type of lending can ignite the next financial crisis.