The Indian markets witnessed a continued sell-off for the third straight trading session on Friday, January 10. 📌Lloyds Engineering Works: Momentum buy at ₹83.26, Stop Loss of ₹80; Target Price of ₹90. 📌NACL Industries: Momentum buy at ₹68.39, Stop Loss of ₹65; Target Price of ₹73. 📌Jain Irrigation Systems: Momentum buy at ₹73.93, Stop Loss of ₹71; Target Price of ₹79.

Looking ahead to the January series, a sustained bullish trend will require a close above the 24,250 mark. This would pave the way for a move toward the 24,600–24,800 resistance zone. 📌Buy Hindustan Petroleum Corp at ₹388; Stop Loss at ₹375; Target of ₹410. 📌Buy HCL Tech at ₹1995; Stop Loss at ₹1940; Target Price of ₹2060. 📌Buy Tata Motors at ₹775; Stop Loss at ₹730; Target Price of ₹815.

For years it’s seemed like nothing could stop the stock market’s inexorable march higher, as the S&P 500 Index soared more than 50% from the start of 2023 to the end of 2024, adding $18 trillion in value in the process. Now, however, Wall Street is seeing what can ultimately derail this rally: Treasury yields above 5%.

Chancellor of the Exchequer Rachel Reeves Turmoil in the bond market has prompted a surge of interest from everyday savers seeking to take advantage of higher returns. Retail investors are rushing to buy gilts – as UK Government bonds are known – after a recent surge in their yields, which are the effective interest rate offered.

Strong jobs report from US reignited inflation concerns and soured the markets’ mood in the last trading session of the week i.e. January 10. Dollar jumped to a fresh 25-month high of 109.97 while US 10-yr treasury yields surged to 4.79%, highest since November 2023 as blowout December jobs report affirmed resilience in labour market last year despite high borrowing costs and lingering inflation.

Tapering off in the BSNL deal expected over the next few quarters will aid TCS to expand profit margin, a senior company official has said. The country’s largest software exporter is also looking at creating a capacity of over 25,000 seats in Bengaluru over the long term on a land parcel acquired recently, Chief Financial Officer Samir Seksaria told PTI here.

Real estate company Macrotech Developers has acquired nearly 20-acre land parcel in Bengaluru for development of a housing project worth Rs 2,800 crore, as part of its expansion plan. Mumbai-based Macrotech Developers, which markets its properties under the Lodha brand, has been acquiring land through outright purchases as well as forming partnerships with landowners.

As bitcoin (BTC) wobbles around the $90,000-$95,000 area, down more than 10% from its all-time high touched a bit less than four weeks ago, a contrast is growing between traders — whose technical analysis tools show the top cryptocurrency may be due for another plunge — and long-term investors who believe the bull run is nowhere near done.

India is growing, and Singapore sees many opportunities to expand bilateral cooperation with South Asia’s fastest-growing economy, senior minister Lee Hsien Loong has said. “India is growing, and on the move,” Lee, who served as prime minister for 20 years, told the Indian business community on Saturday.

The primary market will remain in action as five new IPOs will opening for subscription next week, which includes one in mainboard and four in SME. Shares of Standard Glass Lining Technology, Quadrant Future Tek, and Capital Infra Trust InvIT are set to be listed on the BSE and NSE stock exchanges. Additionally, five small and medium enterprises (SMEs) will make their debut.

Rikhav Securities will launch its Rs 89-crore initial share sale for public subscription on January 15. The issue will close on January 17, while the anchor book of the IPO will be opened for institutional investors for a day on January 14. The IPO consists of fresh issue of 83.28 lakh shares worth Rs 71.62 crore, and OFS of 20 lakh shares worth Rs 17.2 crore by public shareholders.

Gujarat-based winding and conductivity products maker Vidya Wires has filed preliminary papers with SEBI to raise funds via IPO for capacity expansion and debt reduction. The IPO is a mix of fresh issuance of equity shares worth Rs 320 cr, and OFS of 1 crore shares by promoters. Further, Rs 100 cr fresh issue funds will be used for repaying debt, and the remainder for general corporate purposes.

In their very first year of trading, spot bitcoin ETFs have seen billions of dollar flow into them and have made it easier for investors to invest in the cryptocurrency. However, not all bitcoin ETFs are made the same. Since they began trading on Jan. 11, 2024, spot bitcoin ETFs have seen net inflows of roughly $36.2 billion, per Farside Investors.

Italy’s largest steelmaker, formerly known as Ilva, has received 10 purchase offers, according to its administrators. Three of the offers- one from a consortium of Azeri Baku Steel Company CJSC and the Azerbaijan Investment Company OJSC; another from Bedrock Industries Management; and the third from India’s Jindal Steel International- are for the entirety of the business, the administrators said.

Adani Group to invest ₹75,000 crore in Chhattisgarh across power, cement, education, healthcare, skill development, and tourism sectors, including ₹60,000 crore to expand power plants, ₹5,000 crore for cement plants, and ₹10,000 crore for CSR initiatives, expected to boost economic growth and generate employment.