The stock fell 6.2% to $140.14 in New York, marking the biggest single-day decline in four months. Though the Nvidia’s latest announcements gave an upbeat view of the company’s long-range prospects, there wasn’t as much near-term upside as some investors had sought. “Nvidia’s announcements today are significant, but long-tailed,” Stifel Financial Corp. said in a report.

LKP Research's research report on JNK IndiaJNK India Ltd (JNK) is a leading player in India’s heating equipment sector, holding a market share of ~ 27% and serving diverse industries, including oil & gas refineries, petrochemicals, and fertilizers. With a strong order book and revenue growth of ~4x since FY21, and is expected to deliver sales/PAT CAGR of 25%/23% over FY24-27E.

📌YES Bank | Buy at ₹19.60-19.40 | Target: ₹21.20 | SL: ₹18.70. 📌Aartech Solonics | Buy on dips at ₹88.50 | Target: ₹94 | SL: ₹86.40. 📌Fiberweb (India) | Buy at ₹57 | Target: ₹62 | SL: ₹55 on a closing basis. 📌Sutlej Textiles and Industries | Buy at ₹62.50 | Target: ₹68.5 | SL: ₹60.5. 📌Lloyds Engineering Works | Buy in ₹84-86 range | Target: ₹90, ₹94, ₹100+ | SL: ₹82.

ONGC has selected BP's subsidiary for technical services to enhance production from its Mumbai High offshore fields, aiming to increase oil and gas production by up to 60% over 10 years. This move comes as ONGC focuses on unlocking new hydrocarbon resources and enhancing recovery from mature fields.

📌Jindal Worldwide shares soared 5% to a record high after announcing a 4:1 bonus share issue, where investors holding one share will receive four new shares, effective March 6, 2025, boosting the company's paid-up capital to Rs 100.26 crore. The bonus equity shares will be issued out of free reserves and/or the securities premium account available as at 31st March, 2024,.

📌 Borosil Renewables' shares surged to a 5% upper circuit for a second consecutive day after promoter Kiran Kheruka increased his stake in the company, buying 96,000 shares worth Rs 5.4 crore, boosting his holding to 3.64%. This move is seen as a positive sign, reflecting confidence in the company's growth prospects.

📌Leo Dryfruits & Spices Trading📌 IPO listed at ₹68 on BSE SME, a 31% premium over the issue price of ₹52, before falling to ₹66.50. The ₹25.12 crore 📌SME IPO was subscribed 181.77 times, with non-institutional and retail investors driving the demand. Proceeds will fund working capital, branding, and marketing.

📌Kalyan Jewellers' shares dropped 📌6.2% to Rs 677.55 on profit booking despite reporting a📌 41% YoY revenue growth in Q3, with same-store-sales growth of 24% and a strong pipeline of showroom openings. The company's digital platform, Candere, saw an📌 89% YoY revenue growth, and Motilal Oswal maintains a 'buy' rating with a target price of Rs 875.

Shares of Jagsonpal Pharmaceuticals will start trading on an ex-split basis on Wednesday, as the company had set January 8 as the record date for determining the shareholder eligibility for their 1:2.5 bonus issue. This is the second stock split for the company, with a previous split in 2004. Over the past year, the stock has surged by 64%.

Gold prices edged lower on Wednesday, pressured by higher US Treasury yields and a stronger dollar after data suggested the Fed might slow the pace of rate cuts this year. Spot gold slipped 0.1% to $2,648.16 per ounce, as of 0308 GMT. US gold futures fell 0.1% to $2,662.30. The dollar strengthened and benchmark 10-year Treasury yield hit an eight-month high.

📌Gold Rate and Silver Price Today on January 8, 2025: Gold prices experienced a remained steady on Wednesday. The cost of 📌24 carat gold in India is Rs.7887.3 per gram, reflecting no change . The cost of📌 22 carat gold in India is 7231.3 per gram, reflecting no change. The current price of 📌silver in India is 95700.0 per kg, reflecting an increase of 📌1200.0 per kg.

Goodyear Tire & Rubber Co said on Tuesday that it will sell its Dunlop brand to Japan's Sumitomo Rubber Industries for $701 million in cash as part of a plan to streamline its business. The sale covers the Dunlop brand and its trademarks in Europe, North America and Oceania, the company said. Goodyear said it will continue to sell Dunlop-branded tires for passenger cars in Europe.

Ethiopia is opening a stock exchange after a five-decade gap, in its latest step to lure investors to a nation that’s struggling to control regional strife as it recovers from a civil war. Ethiopia Investment Holdings, which controls 40 state-run companies, is selling shares in Ethio Telecom to raise as much as 30 billion birr ($234 million) in an initial public offering.

Shares of Reliance Industries Ltd., the Nifty 50 heavyweight, have a potential upside of up to 36% from current levels, according to brokerage firm Jefferies. In a note on Wednesday, January 8, Jefferies reiterated its "buy" recommendation on Reliance Industries with a price target of ₹1,690 per share, which is a 36% upside from Tuesday's closing levels.

Signatureglobal (India) Ltd shares gained 1.69% on January 8 following their announcement of achieving strong nine-months' FY25 pre-sales. The company reported pre-sales of Rs 8,670 crore for the first nine months of FY25, a 178 percent increase compared to the same period last year. This represents 87 percent of the company's sales guidance of Rs 10,000 crore for FY25.