Small-cap stock hits upper circuit despite weak market
Wed, Jan 8, 2025 4:43 PM

Small-cap stock hits upper circuit despite weak market

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.

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Afcons Infrastructure issues corrigendum on ₹1,085 crore DRDO contract
Wed, Jan 8, 2025 4:37 PM

Afcons Infrastructure issues corrigendum on ₹1,085 crore DRDO contract

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.

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Dogecoin Soared 250% in 2024, Beating XRP, Bitcoin, and Ethereum
Wed, Jan 8, 2025 4:31 PM

Dogecoin Soared 250% in 2024, Beating XRP, Bitcoin, and Ethereum

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.

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Looking for a south Mumbai address for less than Rs 4 cr ?
Wed, Jan 8, 2025 4:27 PM

Looking for a south Mumbai address for less than Rs 4 cr ?

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.

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Delta Corp shares rise 6%, SC agrees to hear online gaming industry's plea
Wed, Jan 8, 2025 4:25 PM

Delta Corp shares rise 6%, SC agrees to hear online gaming industry's plea

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.

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Fabtech Technologies Cleanrooms IPO allotment likely to be out today
Wed, Jan 8, 2025 4:24 PM

Fabtech Technologies Cleanrooms IPO allotment likely to be out today

Fabtech Technologies Cleanrooms IPO allotment: Investors are keenly eyeing the allotment of Fabtech Technologies Cleanrooms IPO following the closure of its initial public offer (IPO). Fabtech Technologies Cleanrooms IPO allotment status date is likely January 8, 2025. The public offer, which ran for subscription from January 3 to January 7, witnessed a strong demand for its shares.

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Top gainers and losers today: Stocks that moved the most on January 8
Wed, Jan 8, 2025 4:23 PM

Top gainers and losers today: Stocks that moved the most on January 8

Benchmark indices Nifty and Sensex staged a recovery on January 8, turning mildly positive as a rebound in IT stocks lent support. The closing figures for ✅Sensex stood at 78,144.82, lower by 54.29 points or 0.069 percent, while✅ Nifty was at 23,675.50, down by 32.40 points or 0.14 percent. Gains in Reliance Industries propelled the oil and gas sector higher.

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Mankind Pharma Secures ₹5,000 Crore NCDs by Pledging 56.31% Stake in BSV
Wed, Jan 8, 2025 4:10 PM

Mankind Pharma Secures ₹5,000 Crore NCDs by Pledging 56.31% Stake in BSV

Mankind Pharma has granted 56.31% of its equity shares in Bharat Serums and Vaccines Ltd (BSV), a wholly owned subsidiary, to Catalyst Trusteeship Ltd. This forms one of the conditions for securing its listed NCDs worth ₹5,000 crore. The Deed of Trust has been executed on October 10, 2024 between the group company Mankind Pharma and Catalyst Trusteeship.

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NSE expands colocation facility in Mumbai with 200 new racks
Wed, Jan 8, 2025 4:06 PM

NSE expands colocation facility in Mumbai with 200 new racks

The National Stock Exchange of India is expanding its colocation facility in Mumbai, adding 200 full rack equivalent units, bringing total capacity to over 1,200 racks, with plans to increase it to 4,000 racks in two years. This expansion aims to cater to growing demand from market participants for enhanced infrastructure.

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British stock funds suffer worst year on record in blow for Reeves
Wed, Jan 8, 2025 3:53 PM

British stock funds suffer worst year on record in blow for Reeves

Stock price information displayed on a board at the London Stock Exchange Group British stock funds suffered their worst year on record last year, delivering a fresh blow to Rachel Reeves’s attempt to revive the City. A net £9.6bn was withdrawn from funds invested in companies listed on the London Stock Exchange in 2024, according to data provider Calastone.

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📢 Benchmark indices close marginally lower today; Nifty below 23,700
Wed, Jan 8, 2025 3:44 PM

📢 Benchmark indices close marginally lower today; Nifty below 23,700

📈 Domestic benchmark indices closed on a flat note on 8 January, 2025 📢 At 3:30 PM, the Sensex declined 50.62 points or 0.06% at 78,148.49, and the Nifty was down by 18.95 points or 0.08% at 23,688.95. 📊 Among sectoral, Nifty IT (⬆️0.60%) turned out to be the best performer while Nifty Midcap 100 (⬇️1.05%) saw considerable selling.

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Apple’s $1 billion offer not enough to lift Indonesia’s ban
Wed, Jan 8, 2025 3:31 PM

Apple’s $1 billion offer not enough to lift Indonesia’s ban

Indonesia has kept a ban on the sale of Apple Inc.’s iPhone 16s, saying the company’s $1 billion plan that includes building a local AirTag factory is insufficient to meet local investment requirements. Domestic content rules require Apple to produce part of their smartphones or components onshore, while the AirTag is only an accessory, Minister Agus Gumiwang Kartasasmita said in a briefing.

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US Fed money printing could spur Bitcoin rally in Q1 2025 — Hayes
Wed, Jan 8, 2025 3:28 PM

US Fed money printing could spur Bitcoin rally in Q1 2025 — Hayes

Bitcoin is set to rally into March due to a $612 billion liquidity boost in the US, mitigating potential disappointment over Trump's crypto policies. Bitcoin fell nearly 6% in the 24 hours leading up to 8:00 am UTC on Jan. 8, falling below the $100,000 mark, which has served as a psychological resistance since Dec. 19, Cointelegraph Markets Pro data shows.

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Will mid-caps and small-caps take a breather in 2025? Experts weigh in
Wed, Jan 8, 2025 3:21 PM

Will mid-caps and small-caps take a breather in 2025? Experts weigh in

Mid-cap and small-cap stocks, historically favoured for high returns, have declined over 📌2% in January 2025. Despite past strong performance, analysts warn of potential headwinds like regulatory scrutiny and slower earnings growth, suggesting a cautious investment approach focused on quality stocks.

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Nifty at 26,000? Citigroup sees 10% upside for Indian stocks in 2025
Wed, Jan 8, 2025 3:15 PM

Nifty at 26,000? Citigroup sees 10% upside for Indian stocks in 2025

Citigroup Inc. predicts a 10% return for India's $5 trillion stock market in 2025, driven by economic growth and robust corporate earnings, setting a target of 26,000 for the NSE Nifty 50 index, with domestic flows expected to buffer against weak urban demand and rising global yields. Individual investors snapped up 1.5 trillion rupees worth of stocks on the National Stock Exchange of India Ltd.

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