The Swiss National Bank anticipates a profit of about 80 billion francs ($88 billion) for 2024, a record result that will allow the institution to resume payouts to state coffers. Annual income from the central bank’s pile of foreign exchange reserves, accrued as a result of its years of purchases to weaken the franc, totaled around 67 billion francs, it said Thursday.

Gold price today: Despite the US Fed’s signalling rate cut at a slower pace amid sticky US inflation and a strong labour market, the MCX gold rate registered gains for the third week in a row. Gold futures contract on MCX for February 2025 expiry finished at ₹78,400 per 10 gm, logging around ₹1,080 per 10 gm or 1.40 per cent rise in one week.

U.S. stocks tumbled, with the S&P 500 erasing its 2025 gains, after an upbeat jobs report stoked fresh inflation fears and reinforced bets that the Fed will be cautious in cutting interest rates this year. At 02:00 p.m. the DJIA fell 482.30 points, or 1.13%, to 42,154.37, the S&P 500 lost 55.59 points, or 0.94%, to 5,862.66 and the Nasdaq Composite lost 187.52 points, or 0.96%, to 19,291.03.

Just Dial Q3 Results 2025:Just Dial declared their Q3 results on 10 Jan, 2025. The topline increased by 8.41% & the profit increased by 42.71% YoY. Profit at ₹131.31 crore and revenue at ₹287.33 crore. As compared to the previous quarter, the revenue grew by 0.88% and the profit decreased by 14.77%. The Selling, general & administrative expenses declined by 0.77% qoq & decreased by 2.99% YoY.

CESC's Q3 results show a 9.77% revenue increase to ₹3561 crore, but a 5.69% profit decline to ₹265 crore year-over-year. Quarter-over-quarter, revenue and profit decreased by 24.23% and 24.93%, respectively. The stock has delivered negative returns in the last week, six months, and year-to-date. CESC holds a market capitalization of ₹22520.12 crore with a Strong Buy consensus recommendation.

TCS Q3 Results 2025: TCS declared their Q3 results on 09 Jan, 2025, reporting a topline increase of 5.6% year-on-year (YOY). The profit for the quarter stood at ₹12380 crore, marking an impressive rise of 11.96% YOY, while the revenue reached ₹63973 crore. However, compared to the previous quarter, revenue saw a slight decline of 0.45%, although profit increased by 3.95%.

Flexible office provider Awfis Space Solution has picked up an office space over more than 197,000 sq ft in a commercial complex in Pune’s Kharadi locality through a long-term lease of over five years. The company will be paying rentals of Rs 18 per sq ft a month during the fit-out period of initial three months starting from the license commencement date of January 1.

Tata Consultancy Services led a rally in large-cap IT shares, surging 5% after posting a 12% increase in net profit in the December quarter, with the Nifty IT Index gaining 3.4%. Other IT stocks, including LTI Mindtree, Tech Mahindra, and HCL Technologies, also saw significant gains, driven by improving demand outlook and recovery in discretionary spending.

Gold Rate and Silver Price Today on January 11, 2025: Gold prices experienced a modest increase on Saturday. The cost of 24 carat gold in India is Rs.7965.3 per gram, reflecting an increase of ₹270. The cost of 22 carat gold in India is 7303.3 per gram, a rise of ₹250. The current price of silver in India is 96700.0 per kg, reflecting an increase of 1200.0 per kg.

It was a tough ride for Indian markets during the week as the GDP and corporate earnings estimates were modest, which in turn weighed heavily on investors' sentiments. This meant that the broader market too endured heavy selling pressure. Just 4 smallcap stocks delivered double digit weekly returns with the highest return being 9% from Spandana Sphoorty Financial.

The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said.

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Shares of Anand Rathi Wealth Ltd. surged another 4.5% on Friday, adding to Thursday's 2.7% advance. The stock ended 4% higher for the week, outperforming the Nifty Midcap index which fell 6%, and the Smallcap index, which declined 7% for the week. The stock will be in focus on Monday, January 13, as the company's board will meet to discuss its quarterly results for the October-December period.

PCBL Chemical Ltd reported a 39.1% year-on-year decline in net profit to ₹93.1 crore for Q3 2024, despite a 21.3% increase in revenue to ₹2,010 crore, with EBITDA growing 13.7% to ₹317.4 crore in the third quarter of this fiscal over ₹279.1 crore in Q3 FY24.. The company declared an interim dividend of ₹5.50 per equity share.

📈 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.