Sat Kartar Shopping, an Ayurveda healthcare company, sets its IPO to open on January 10, 2025, with a price range of Rs 77-81 per share and a minimum investment of Rs 1,29,600. The IPO aims to raise Rs 33.80 crores and will be listed on the NSE SME platform on January 17. This is not the actual listing price and may fluctuate based on the market trends.

Puravankara Ltd acquired a 3.63-acre land parcel in Kanakapura Road, Bengaluru, aligning with its strategic vision to expand in key micro-markets. The stock is currently trading at Rs 378.05, down 0.55% from its opening figure. The land parcel has a saleable area of 5.42 lakh sq ft and an estimated Gross Development Value of Rs 700+ crore.

WhiteOak Capital Mutual Fund launches the Quality Equity Fund, an open-ended scheme aiming to provide long-term capital appreciation by investing in companies with strong fundamentals and sustainable competitive advantages, carrying a very high level of risk and suitable for investors with a high risk appetite and a 7-10 year investment horizon.

The Reserve Bank of India has lifted supervisory restrictions on Asirvad Micro Finance, a subsidiary of Manappuram Finance, allowing it to resume microfinance and gold loan businesses after implementing remedial actions and committing to fair loan pricing. Motilal Oswal maintains a Neutral rating on Manappuram Finance with a target price of INR205.

Nifty FMCG surged over 2% as brokerage firm CLSA made consumer staples its largest "overweight" sector in its India portfolio, citing government priorities and good rainfall. CLSA's Vikash Kumar Jain expressed a bullish view on food-related companies, adding to the sentiment. Domestic brokerage Ambit Capital also maintained its buy rating on Marico and Tata Consumer.

Shares of specialty chemical players--SRF and Navin Fluorine zoomed about 12 percent each on January 9 following reports of a hike in prices of refrigerant gases in the US. With gains in today's session, both the stocks have extended their upmove to the third day in a row. At 09.46 am, shares of Navin Fluorine were trading at Rs 3,887.90 on the NSE.

Parmeshwar Metal IPO listing: Parmeshwar Metal shares made a strong debut on Thursday, January 9, listing at ₹84.5 on BSE SME, a premium of 38.52 percent from issue price of ₹61.Parmeshwar Metal’s SME IPO, valued at ₹24.74 crore, was open for subscription from January 2 to January 6. The Parmeshwar Metal’s IPO price band stood in the range of ₹57-61 per equity share.

The IMF has advised Kenya to develop clear crypto regulations, address AML/CFT risks and align with global standards for financial stability.The International Monetary Fund (IMF) has advised Kenya to create a clear, predictable regulatory environment for the cryptocurrency market to protect consumers and address risks related to Anti-Money Laundering (AML).

ASK Property Fund, in partnership with India Sotheby's International Realty, has launched India's first luxury housing-focused investment vehicle, targeting a corpus of Rs 1,000 crore and a greenshoe option of Rs 500 crore, to invest in high-end and luxury real estate developments in Tier 1 cities and premium holiday home destinations.

Indobell Insulation IPO allotment status is set to be announced today, January 9, with refunds expected on January 10 and listing on January 13. The IPO was oversubscribed 54.13 times, with a grey market premium of ₹17, indicating a possible listing price of ₹63. Investors can check allotment status through the registrar or BSE websites.

The Indian Benchmark Index Sensex and Nifty is trading in Red on January 9, 2024. At 1:48 pm, Sensex is currently trading at 77,644 (-0.64%) which is a 504 points slide than the previous close. Nifty is currently trading at 23,535 (-0.65%) which is a 153 points dip than the previous close. HUL, Nestle, M&M, Kotak Mahindra, Asian Paints, Bharti Airtel and HCL Tech are top gainers.

Borosil Renewables' shares surged 40% in 6 weeks, locked in a 5% upper circuit for the third consecutive day, after the company announced a 50% expansion in its solar glass manufacturing capacity, driven by the government's move to impose a "reference price" on imports from China and Vietnam, aimed at curbing cheap and dumped imports.

Stock Market Today: Manappuram Finance share price gained 6% in the morning trades on Thursday. Company announced post market hours on Wednesday that the Reserve Bank of India is lifting curbs on a subsidiary Asirvad Micro Finance Ltd. Manappuram Finance share price that opened at ₹188.80 on the BSE on Thursday, almost 5% higher than the previous close of ₹180.05.

Marco Papic, Chief Strategist at BCA Research, predicts the dollar index will peak at 111 by year-end due to US fiscal policy and tariff negotiations, before reversing. He advises sticking with US assets for now, but seeking entry points in non-US assets, including India, which he expects to perform well once hurdles are cleared.

Mukul Agarwal, a renowned investor, has increased his stake in Hind Rectifiers by 0.7% to 1.46%, valued at ₹33 crore. The company's share price has surged 168% in the past year and 600% in five years, delivering multibagger returns. Hind Rectifiers reported a net profit of ₹6.93 crore in Q1 2024, with a 39% rise in revenue from operations.