📈 Domestic benchmark indices closed on a negative note on 10 January 2025 📢 At 3:30 PM, the Sensex tanked by 241.30 points or 0.31% at 77,378.91 and the Nifty was down 95.00 points or 0.40% at 23,431.50. 📊Among sectoral, Nifty IT (⬆️3.44%) turned out to be the best performer while Nifty PSU Bank (⬇️2.72%) saw considerable selling.

A liquidation petition has been filed against indebted property developer Sunac China, by a unit of China Cinda Asset Management, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows.

The year 2025 began with three Saudi Arabian startups bucking the venture capital funding activity in the MENA region. Three Saudi Arabian startups, Zension Technologies, Revie, and Vreal, raised significant funding in 2025, with Zension leading the pack with a $30 million Series A round. Revie secured $2.5 million in seed funding, while Vreal received an undiclosed pre-seed investment.

Apollo Micro Systems' share price dropped over 5% intraday on Friday despite the company announcing a fundraise move, with shares dipping to ₹119.55 from an opening of ₹129.20, although it has gained 24% in the last month and rebounded from November lows. Apollo Micro Systems will issue up to 3.34 crore preferential shares at ₹114 each, aggregating to ₹381 crore.

According to news reports, TVS Mobility, the family business of TS Rajam and his successors, has reached an agreement with many lenders to raise Rs 1,800 crore in debt through a three-tranche loan structure. The money will be used for debt reduction and capital expenditures across all of the closely owned companies.

TCS CEO K Krithivasan reports increased momentum in artificial intelligence adoption, with more generative AI proof of concepts moving into production, and continued client investment in AI transformation, with the company managing over 600 AI projects. TCS' consolidated net profit grew 12% year-on-year to Rs 12,380 crore in the December quarter.

Oil prices rose for a third consecutive week, driven by increased demand for heating fuel due to cold weather in the US and Europe, with Brent crude futures up 0.3% to $77.16 and US West Texas Intermediate up 0.4% to $74.18. Oil prices have rebounded despite a strong US dollar, and potential new sanctions on Russia could further impact supplies.

After the firm announced a 27% year-over-year (YoY) growth in its December quarter net profit, hitting Rs 425.38 crore as opposed to Rs 335.53 crore in the same time last year, with revenue from operations increasing 35.6% to Rs 1,698.45 crore, Indian Renewable Energy Development Agency (IREDA) shares fell nearly 3% Friday, January 10.

Axis Mutual Fund has reduced its shareholding in chemicals company PI Industries, a stock exchange filing showed. PI Industries were trading marginally lower on Friday. Axis Mutual Fund has sold 0.05% stake in PI Industries on January 8, trimming its stake in the company to 2.97% from 3.02% earlier.

Hindustan Copper Ltd. reopens Rakha Copper Mine in Jharkhand after 20 years, partnering with South West Mining Ltd. to develop and expand the mine over 20 years, extendable by an additional 10 years, with a capital expenditure of ₹2,700 crore, expected to generate 10,000 jobs and enhance India's copper production capabilities.

Metal stocks are under focus as Q3FY25 earnings approach, with brokerages recommending select picks. Non-ferrous companies like NALCO, NMDC, and Hindalco are favored for strong margins. Steel companies, including JSPL and Tata Steel, face mixed profitability outlooks. Nomura expects price hikes and lower costs to aid non-ferrous companies, while steel faces pressure from lower prices.

Delta Corp and Nazara Tech shares surged up to 7% as Supreme Court on January 10 stayed GST show cause notices to the tune of Rs 1.12 lakh crore to online gaming companies. Supreme Court stayed all further proceedings with respect to all show cause notices until final disposal of case. The apex court will take up the case on March 17 for final hearing.

Godrej Properties acquires 24-acre land in Indore for a premium residential project, development on this land will focus on premium residential units, offering an estimated saleable area of approximately 6.20 lakh square feet. The project is expected to generate a revenue potential of around ₹500 crore, as per current business assumptions, Godrej Properties informed the stock exchanges in filing.

Benchmark indices Nifty and Sensex made a strong comeback on January 10, driven by a robust rally in IT stocks following TCS' stellar Q3 results. While most sectoral indices remained in the red, they managed to pare significant losses, lifting market sentiment. The IT sector dazzled, with TCS' stellar Q3 results reigniting hopes.

Shares of📌Delta Corp Ltd. surged as much as 14%, while those of f📌Nazara Technologies Ltd. gained as much as 7% on Friday, January 10 after the Supreme Court stayed the GST show cause notices adding up to ₹1.12 lakh crore, until March 17, 2025. The Supreme Court has directed that all further proceedings under the show cause notice will remain stayed till the case is finally decided. The gam...