Sensex up 93% from March crash to hit 50,000: Stocks that led rally

• In the Sensex pack, four stocks have gained over 100% from March lows contributing massively to the 30-share gauge's journey towards the 50,000-mark.

India’s weekly covid count drops below 100,000, nearly 40% of them in Kerala

• Daily additions of new cases are now at a seven-month low, with only 21 districts reporting 1,000 or more infections this week. Most of these districts are in Kerala and Maharashtra

Piramal to delist DHFL, wiping out shareholders post-takeover

The proposed plan is expected to lead to major losses for DHFL stockholders as it does not envisage any offer to buy out the shares held by these investors, unlike a regular delisting process

With Sensex at mount 50K, investors willing to take more risk, says survey

• Emerging markets continue to be the top bet for global investors with record high allocation, according to the survey . However, stock market analysts are wary of the valuations at which Indian equities are currently trading.

Buying Bitcoin is the most crowded trade; reminiscent of the 2018 crash

• Experts are warning of a bubble building up in Bitcoins, especially considering the sudden spike in volatility and increasing institutional participation.

Sensex @50K: Zerodha boss calls it painful rally, DSP chief says stay invested

• On Thursday, as Sensex scaled new record highs, Nithin Kamath said: So many of my expert friends (and I) have been calling a top for many months now. So, expert opinions work once in a while
• Kalpen Parekh said markets fluctuate but finally rise. So stay invested

Sensex @50K : Can you make money in stock markets at 50,000 level?

Unfortunately, a lot of the savers have missed out on participating in this historic wealth generation due to either lack of awareness or misplaced fears of short term market falls.

Havells fires on all cylinders, Q3 earnings beat may drive earnings upgrades

• Havells saw regular improvement in consumer sentiments driving sales recovery as it came out of the lockdown
• Encouraging business performance in Q3 was helped by strong festive season sales, as electrical consumer durable sales were also pushed up by work from home culture

PM Modi likely to get Covid-19 vaccine jab in second phase

• In the second phase, it is the turn of those above 50 and people with comorbidities to take shots
• Prime Minister Narendra Modi on January 16 launched India's coronavirus vaccination drive via video conference

Journey of Sensex: From 1,000 to 50,000 in 30 years

• Sensex has nearly doubled from its March lows
• The measure has logged 11 straight weeks of gains after touching successive new highs.

Home First Finance IPO opens today: 10 things to know before you subscribe

• Home First Finance has fixed a price band of ₹517-518 a share for its initial share sale

The fear of flying at Mount 50K

• Flush with liquidity, the stock markets are at a dreamlike high. But the worries are also mounting
• Many feel the gains have come too fast. With scores of new investors entering the bull market late, and with the cream of the rally behind, further gains are not going to be easy

What will Biden era mean for the world and India?

With Joe Biden being sworn in as the 46th US President, the theme is now centred around “America United”. Being the largest economy, the American policy playbook under a new president matters to all countries. Mint explores what can be expected from the new regime:

Sensex @50,000: Markets give nearly 100% return in just 10 months

• From its March lows of 25,638, Sensex has nearly doubled in value in just 10 months
• Nifty was firm above 14,700

HDFC AMC puts up a tepid show for investors in December quarter

• For the December quarter, the fund house’s market share in equity fund AUM stood at 13.4%. It was 15.6% in a year ago and 15.7% at the beginning of FY20. To be sure, market share loss has slowed on a sequential basis

Despite improvement, India still in bottom half of EM league table

• China still remains near the top of the Mint’s Emerging Markets Tracker, the latest numbers show

Caught driving on the wrong side in Gurugram. You may pay with your licence

Gurugram Police has decided to take stern action against those found driving on the wrong side of the road

Indigo Paints IPO subscribed 4 times so far on Day 2: 10 things to know

• The price band of IndiGo Paints issue has been fixed at ₹1,488-1,490 a share
• The issue will conclude on January 22

Sebi grants approval to RIL-Future Group deal

• SEBI, while referring to the complaints registered by Amazon and the plea filed in Delhi HC, has asked the entities involved in the amalgamation to keep their shareholders informed about the legal dispute

What would make this a budget like no other India has ever had

A wish list of proposals ranging from fiscal management to vaccination that would send out a strong growth-revival signal

How Kamala Harris' ancestral village in Tamil Nadu celebrated her oath-taking

• As Kamala Harris was sworn in to hold the nation's second-highest office, her ancestral village in Tamil Nadu celebrated with loud cheers, claps and firecrackers

Gold prices today rise for 4th day in a row, silver rates move higher

• Analysts say the general bias for gold may be on the upside amid hopes of continuing stimulus measures and persisting virus risks

Govt plans to sell TCL stake for ₹8,000 cr

Part of the stake will be sold through OFS and on the discovered price, and the rest of the stake will be sold to Tatas

US President Joe Biden's first tweet says...

Joe Biden was sworn in by Chief Supreme Court Justice John Roberts

Branded sanitizers cool off as buyers go easy on use

With many small-scale industries getting into production of sanitizers, the use of branded ones has fallen

UPI transactions by volume and value hit new high in December

• UPI transaction volumes reached 2,234.16 million in In December. The value of transactions was ₹4,16,176 crore
• UPI had a 17% market share in 2018-19 and is expected to reach 59% by 2024-25

Wall Street soars after smooth Joe Biden inauguration

• The Dow and S&P 500 posted all-time highs, but none gained more than the Nasdaq
• Investors were relieved the new president took office safely after outgoing president Donald Trump's supporters attacked the US Capitol earlier this month

Wellness therapies see demand uptick

Lockdown fatigue, remote working and constant fear of infection have spurred demand for wellness packages and stress-relief therapies as consumers look to unwind and relax

Auto-debit defaults fall in Dec

• Transaction failures were 200 bps lower, at 38% of total auto-debits
• The recovery is being seen at a time when judicial order has barred lenders from classifying certain loans as bad

Refining, petchem biz to be key drivers for RIL

RIL’s consolidated revenue is expected to hit ₹1.21 trillion in the Dec quarter

Government mulls amnesty plan to resolve customs issues

The Centre is considering a one-time amnesty plan for the resolution of legacy disputes pertaining to customs duty, after the success of Sabka Vishwas for settlement of excise and service tax cases, and Vivad se Vishwas for income-tax issues, two people aware of the matter said, seeking anonymity

NPS is low-cost but it has some limitations as a retirement tool

Experts expect the new budget to make National Pension System more tax-efficient than it is at present

Oxford working on vaccine versions to fight Covid 19 virus variants

The Telegraph report said: The university has confirmed that the team behind the AstraZeneca jab is undertaking feasibility studies to reconfigure the technology at 48 hours notice. AstraZeneca deferred to Oxford for comment.

Doorstep ration delivery in Andhra Pradesh from today. Details here

• Andhra Pradesh government is set to introduce ration door delivery system
• CM YS Jagan Mohan Reddy will inaugurate ration door delivery vehicles at a program in Vijayawada today

Flipkart-ABFRL deal gets CCI nod

Flipkart will work with Aditya Birla Fashion, for sales and distribution of its brands