💰The leading gainers within the Nifty index included ONGC (up 2.98%), Reliance Industries (up 1.99%), Tata Consultancy Services (up 1.99%), ITC (up 1.92%), and Asian Paints (up 1.82%). 💰Conversely, the top losers comprised Apollo Hospitals Enterprise (down 3.95%), Trent (down 2.55%), Shriram Finance (down 2.02%), Bajaj Auto (down 1.91%), and Ultratech Cement (down 1.85%).

The Rs 290-crore Quadrant Future Tek IPO saw a massive 43.19 times subscription so far on Day 2 (January 8). The IPO received bids for around 25.04 crore equity shares, as against the offer size of 58 lakh shares, the subscription data on NSE showed at 3.27 pm. Retail investors led the oversubscription, with the portion reserved for them seeing a whopping 126 times subscription.

Rolls-Royce is investing a record £300m to double the size of its UK factory to meet demand for customized cars that can sell for over £1m, driven by a boom in bespoke orders from luxury clients seeking unique experiences. The investment in the plant at Goodwood in Sussex will be the biggest since it opened in 2003 and will also provide more space to build electric models.

Transformers and Rectifiers, on Wednesday, said that its board has approved a 1:1 bonus share, which means that investors will get one additional share for every share. However, the record date for the issue of bonus shares is yet to be declared. Transformers and Rectifiers stock surged nearly 5% to record high to ₹1,300 per share on BSE. The stock has zoomed 18% in the last one month.

Copper prices edged up 0.2% to $9,019 per ton on the London Metal Exchange, supported by contrarian buying from funds and firm Chinese demand, but gains were limited by uncertainty over potential US tariffs on China and a stronger dollar. Many investors were on the sidelines after conflicting reports about plans by U.S. President-elect Donald Trump regarding tariffs.

Shares of United Breweries Ltd, the manufacturer of Kingfisher beer, dropped over 7% on Wednesday, January 7, after the company announced the immediate suspension of beer supplies to Telangana Beverages Corporation. The stock is currently trading 13% below its 52-week high, despite a 23% increase in net profit for Q2 FY25.

Dr. Agarwal Health Care, backed by Temasek Holdings and TPG, has received final approval from SEBI to launch its IPO, comprising a fresh issue of ₹300 crore and an offer for sale of 69.57 million equity shares. The proceeds will be used for debt repayment, corporate purposes, and potential acquisitions. Dr. Agarwal Health Care operates a network of 180 eye care facilities across India.

The Indian rupee plunged 9 paise to hit the record low of Rs 85.83 against the US dollar in early trade on January 8, which is 0.069 per cent lower than Rs 85.77 an all time low touched on January 4. The decline in the rupee is due to the strengthening of the American dollar and the rise in crude oil prices. Another major reason for fall is the muted market activity in the domestic equity markets.

Guyana's oil exports surged 54% to 582,000 barrels per day in 2023, driven by European refiners demand for easy-to-process sweet crudes, with 66% of exports going to Europe, where refineries favor Guyana's lighter grades over heavy sour oil from other Latin American countries. Guyana's oil began gaining favor in Europe in the aftermath of Russia's invasion of Ukraine in 2022.

Banca Ifis SpA, the Italian lender founded by the billionaire Furstenberg family, is offering to buy rival Illimity Bank SpA, the latest move in a flurry of consolidation activity in the country’s banking sector. The firm on Wednesday launched a €298 million tender offer in a mix of cash and shares for 100% of Illimity, valuing each Illimity share at €3.55 based on the January 7 closing price.

Shares of small-cap stock Pradhin Limited hit its upper circuit on Wednesday, despite a weak market, before recovering to an extent to close at ₹29.30 on January 8.The Small-cap stock under ₹50 announced that the board of directors has scheduled a board meeting on January 17, 2025, to consider a stock split, up to a 100 per cent dividend declaration.

Shapoorji Pallonji group firm Afcons Infrastructure Ltd on Wednesday (January 8) said it has issued a corrigendum to its earlier communication dated January 3, 2025, regarding the receipt of a ₹1,084.54 crore contract from the Defence Research and Development Organisation (DRDO) for infrastructure work on an EPC basis, scheduled for completion within 36 months.

Dogecoin (CRYPTO: DOGE) had a spectacular year in 2024 with a gain of 250%. It outperformed many other popular cryptocurrencies, including XRP (Ripple), Bitcoin, and Ethereum. Dogecoin Price data by YCharts. As you can see, most of those cryptocurrencies didn't take off until around November. That's when Donald Trump won the U.S. presidential election, after running a crypto-friendly campaign.

South Mumbai, defined as all areas south of Mahim in the west and Sion-Chembur in the east, has long been considered out-of-bounds for the salaried class, even among the higher end of the scale, due to historically high home prices. However, observers say that an increasing number of projects in close proximity to south Mumbai, and some in south Mumbai itself, can be purchased for upto Rs 4 crore.

Delta Corp shares jumped nearly 5% on January 8 as Supreme Court agreed to hear online gaming industry's pleas against GST show cause notices on January 10.At 12 pm, Delta Corp shares were trading 6% higher at Rs 116.43 apiece. The industry is seeking stay on show cause notices with concerns over potential coercive action by tax authorities, reported CNBC-TV18.