Wall Street closed higher Tuesday, driven by a surge in chip stocks fueled by AI optimism and a record high for the Dow Jones Industrial Average. Moderna also rallied after its price target was raised. Investors anticipate strong Big Tech earnings and await key economic data, while valuations remain elevated.Read More
The dollar remained stable ahead of key U.S. economic data, which traders deem more influential than geopolitical tensions. Markets largely ignored global conflicts, focusing instead on U.S. labor market figures and the Federal Reserve’s potential rate cuts. Investors await crucial employment reports to gauge the economic outlook.Read More
Modern Diagnostic and Research Centre’s shares are poised for a steady debut on the BSE SME, with grey market premiums indicating a 15% listing gain. The company, which raised Rs 36.9 crore through its IPO, operates a diagnostic chain across India and has shown a strong financial turnaround. IPO proceeds will fuel expansion and strengthen...Read More
Asian markets reacted to Venezuela’s political shifts, with crude oil prices dropping and resource stocks rising. Japan’s shares dipped, while commodity shares saw gains. Investors are closely watching U.S. economic data for clues on potential Federal Reserve interest rate cuts amidst global geopolitical tensions.Read More
Yajur Fibres’ Rs 120 crore SME IPO opens Wednesday with muted listing gain expectations, despite a strong financial turnaround and expansion plans. The company, a leader in bast fibre processing, aims to boost capacity and establish a new unit. Investors will be watching subscription trends closely to gauge interest beyond immediate listing pops.Read More
Victory Electric Vehicles International’s SME IPO opens on January 7, with a 0% grey market premium indicating muted listing gain expectations. The Rs 35 crore fixed price issue offers 84.3 lakh shares at Rs 41, with subscriptions closing January 9. The company designs and manufactures electric two and three-wheelers, and small commercial EVs, with a...Read More
A-1 Ltd’s stock is in focus as January 8 marks the ex-date for its 1:10 stock split. Investors had until January 7 to buy shares for eligibility. The company aims to boost liquidity and affordability with this subdivision, following a strong year of returns.Read More
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