Sensex up 300 pts; Auto, Metal, Pharma index lead gains

NMDC surges 5%; Iron ore futures touch 18-month highs

India makes first-ever rupee payment for the purchase of crude oil from UAE

India, the world’s third-largest energy consumer, made its first-ever payment in rupees for crude oil purchased from the United Arab Emirates (UAE), signalling what could be a strategic push to promote the local currency globally. Read

BOJ Governor Ueda sees benefits of positive inflation on policy process

Bank of Japan Governor Kazuo Ueda pointed out some positive potential aspect of having higher interest rates under normal economic conditions while also reiterating his pledge to continue with monetary easing patiently in the pursuit of stable inflation. Read

Muthoot Microfin lists at 5% per cent discount against issue price

Muthoot Microfin made a subdued stock market debut, with its shares listed at Rs 275.30, a 5 per cent discount to its issue price of Rs 291 on the National Stock Exchange (NSE) on Tuesday. On the BSE, shares of the microfinance institutions (MFIs) listed at Rs 278, around 4.5 per cent lower against its issue price. Read

Managing portfolio: Stay with winners or make bets laggards in 2024

A healthy equity portfolio needs churn or rebalancing at a periodic interval. The beginning of a calendar year is a good time for investors to take a hard look at their portfolio and book profits in stocks that rallied too high and too fast, and thus became pricey. Read

Motisons lists at 98% premium; freezes in 5% lower circuit on profit taking

Jewellery retailer Motisons Jewellers made a bumper market debut on Tuesday, Dec 26 with its shares listing at Rs 109, doubling investors’ money. This was a 98 per cent premium to the issue price of Rs 55 on the National Stock Exchange (NSE). Read

Suraj Estate debuts on a shaky note; lists at 6% discount to issue price

Suraj Estate Developers (SEDL) made a weak stock market debut with its shares listed at Rs 340, a 6 per cent discount when compared with its issue price of Rs 360 per share on the National Stock Exchange (NSE) on Tuesday. Read

Infosys dips 2% on termination of $1.5 bn multi-year deal with global firm

Shares of Infosys dipped 2.5 per cent to Rs 1,522.50 on the BSE in Tuesday’s intra-day trade after the information technology (IT) services firm on Saturday said that a global company has decided to terminate a multi-year contract worth $1.5 billion with it. Read

Alert: Motisons Jewellers sees bumper listing with 89% premium

Alert: Tepid debut for Muthoot Microfin with 4.5% discount to issue price

Alert: Suraj Estate lists at a discount in weak debut

Debuts at 4.4% discount to issue price of Rs 360

Kalyan Jewellers edges higher; incorporates new step-down arm in UAE

 Incorporates a wholly-owned step-down subsidiary – Kalyan Jewellers Procurement LLC – in UAE.

Biocon rises 2%; arm partners Sandoz for Adalimumab sale in Japan

The pharma company’s arm Biocon Biologics has partnered with Sandoz for the distribution, sale, and promotion of Adalimumab (a biosimilar version of the blockbuster drug Humira) in Japan.

Adani Green gains on inking PPA of 1,799 MW with SECI

Inox Wind spikes 5% up on repeat order win of 279 MW

Paytm slips on laying off 1,000 employees to ease costs

Paytm has laid off 1,000 employees to save on its employee costs due to the recent shift in the regulatory landscape and the adoption of AI.

Network18 surges over 5% on report RIL, Disney sign term sheet for media ops merger

IT index dips 1%; Metal pocket gains most

Mid, SmallCap indices outperform benchmarks

Infosys sinks 2%, leads losses among frontline stocks

A global client of Infosys has terminated a deal worth $1.5 billion.