The shares of Tata Technologies have been in an uptrend in the unlisted market and have zoomed more than 30 per cent over the past three weeks after the company said it would issue free shares and Tata Motors said it was considering partial disinvestment through an initial public offering. According to dealers, the shares jumped to Rs 7,300 apiece from Rs 5,500 in unlisted markets.

Crypto lender Genesis Global Trading Inc. laid off 30% of its staff and is considering filing for bankruptcy. It's the company's second round of layoffs in less than six months.“As we continue to navigate unprecedented industry challenges, Genesis has made the difficult decision to reduce our headcount globally,” a Genesis spokesperson said in a statement.

South Korea's Mirae Asset Global Investments Co Ltd has purchased an industrial and warehousing asset at Bhiwandi in Maharashtra for a transaction amount of Rs 130 crore. Sandeep Bagla, Director - of Prakhhyat Infraprojects, said "Global investment firms would increasingly identify and acquire such superior assets to ramp up their presence in India."

According to billionaire investor Mark Cuban, the next crypto "implosion" will be brought on by crypto token wash trading on centralised exchanges. As per a December National Bureau of Economic Research analysis, wash trading accounts for as much as 70% of the traffic on unregulated exchanges (NBER).

PNGS Gargi Fashion Jewellery is one such multibagger IPO that the Indian stock market has produced in recent times. Notably, the stock has delivered over 300 per cent return to those allottees who remained invested in the stock after the dream debut of shares on 20th December 2022. If an investor invested ₹1 lakh in the shares during the listing, it would have turned to ₹5 lakh today.

Ethereum currently trades at $1,250. In the last 24 hours, the coin has moved 0.4% to the downside and increased by 4.4% in the last 7 days. The second-largest cryptocurrency by market cap is in red, like the rest of the market. The 24-hour trading volume stands at $3.8 Billion, which is a 25.47% decrease in the last 24 hours.

After learning that Genesis Global had let go 30% of its workforce, DCG, the parent firm, decided to shut down its wealth section. The corporation has been experiencing a significant liquidity difficulty at Genesis since the FTX collapse, and this is the most recent indication of trouble.

Anlon Technology Solutions Ltd's initial public offering launched its public subscription from Thursday, December 29, 2022, till Monday, January 2, 2023. The shares are expected to list on the ME platform of the National Stock Exchange next week on Tuesday, January 10, 2023. According to market observers, the shares of Anlon Technology are available at a premium of ₹80 in the grey market today.

Bitcoin presently trades at $16,822. In the last 24 hours, the coin moved 0.2% to the downside and increased by 1.29% in the last 7 days. The largest cryptocurrency by market cap is trading sideways again. The 24-hour trading volume is at $13.3 Billion, which is a 15.33% decrease in the last 24 hours

📌Reliance Industries: Jefferies retains a buy tag on Reliance Industries with a target price of Rs 3100. 📌Metal and Steel: JPMorgan prefers Tata Steel, and SAIL from the steel sector while it prefers Hindalco, Vedanta and Nalco from the base metals space. 📌Jefferies on Midcaps: Jefferies recommends PolyCab, Kajaria and Crompton Greaves as top picks.

The current value of the Fear and Greed Index is 26, which depicts extreme fear. Yesterday, the value stood at 29, which also falls under the extreme fear zone. The present crypto market cap is at $816 Billion, with a 24-h trading volume of $27.5 billion. The overall market is in red today.

Gold prices gained marginally during morning deals today despite the price range remaining unaltered in the volatile international market as cautious investors positioned themselves for key US jobs data. The bullion metal, however, was on track for a third straight weekly gain. The precious metal was trading 0.14 per cent higher on the MCX at Rs 55,365 for 10 grams at 9.48 am.

📊Indian bourses started on a flat note today, tracking muted global cues. Analysts recommend these four stocks for short-term trading: ✅ICICI Lombard General Insurance: Buy| Target Rs 1400| Stop Loss Rs 1230, ✅Colgate Palmolive: Sell| Target Rs 1400| Stop Loss Rs 1580, ✅IOC: Buy| Target Rs 88| Stop Loss Rs 75, ✅Hero MotoCorpBuy| Target Rs 2820| Stop Loss Rs 2700.

JG Chemicals Ltd has filed its draft papers with the Sebi to raise funds via an initial public offering. As per the draft red herring prospectus, the public issue consists of a fresh issue of Rs 202.50 crore and an offer-for-sale of up to 5.70 million shares by its existing shareholders and promoters. Funds will be used for investment in its material arm BDJ Oxides.

Though 2022 emerged as a year of muted returns for mainboard IPO investors,the year turned out to be supportive for multibaggers in the below-the-radar SME segment. Out of the 105 SME stocks that debuted in 2022, at least 32 of these little ninjas ended up giving multibagger returns. Kolkata-based Cool Caps Industries shares offered a whopping 862% return since its listing in March 2022.