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The IPO of IRFC closed on Wednesday with an enthusiastic response from investors in all the categories, it said. (Ramesh Pathania/Mint)
The IPO of IRFC closed on Wednesday with an enthusiastic response from investors in all the categories, it said. (Ramesh Pathania/Mint)

Government to get 1,544 crore from IRFC IPO

  • The IPO of IRFC closed on Wednesday with an enthusiastic response from investors in all the categories, it said.

Advancing issues outnumbered decliners by a 2.5-to-1 ratio on the NYSE and by a 1.9-to-1 ratio on the Nasdaq (Reuters)
Advancing issues outnumbered decliners by a 2.5-to-1 ratio on the NYSE and by a 1.9-to-1 ratio on the Nasdaq (Reuters)

US stocks rise to record on hope for new aid bill

  • The Nasdaq 100 Index jumped more than 2% and the S&P 500 Index rose to an all-time high
  • Joe Biden took the oath of office to become US president on Wednesday and he has a flurry of executive actions at the ready

Indigo Paints aims to raise  ₹1,170 crore through its public issue
Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)
Investors outside the Bombay Stock Exchange. Valuations are uncomfortably high; stocks have never been so expensive except maybe during the Harshad Mehta fuelled bull run in the early 1990s. (Photo: Bloomberg)

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

For Bajaj Finance, the payments business would serve as a springboard to its lending business growth, according to analysts
Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum (AFP)
Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum (AFP)

Bitcoin slides below $35,000 as crypto mania loses momentum

The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in

Hindustan Zinc’s share trades at nearly the same level as six months ago. Zinc price trends in the next few months will then determine if its share can do better in the next six months.
Hindustan Zinc’s share trades at nearly the same level as six months ago. Zinc price trends in the next few months will then determine if its share can do better in the next six months.

Firm metal prices, rising volumes, cost controls lift Hindustan Zinc's Q3 show

  • Cost of production for zinc has stayed below $1,000 a tonne over the past three quarters. In Q3, this was at $946 a tonne, down 12% YoY. No surprise that operating profits jumped 46%, aiding the growth in net profit, which rose 36% YoY

Federal Bank’s growth metrics are showing recovery from the pandemic’s impact,. Photo: Pradeep Gaur/Mint
The share price on its own carries virtually no useful information, it depends entirely on how many shares the company has issued
The share price on its own carries virtually no useful information, it depends entirely on how many shares the company has issued
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When investors forget fundamentals, the market is broken

Best explanation for how stocks have moved so far this year is the raw price of the stock, an almost meaningless number

BSE Sensex ended nearly 400 points higher today
Ether was trading at about $1,357 as of 8:50 am in London, down from Tuesday’s record of almost $1,440. (Photo: Reuters)
Stock markets had a rough year just about everywhere. Photo: iStock
Tata Communications's December quarter net profit fell around 20% q-o-q to Rs309.4 crore.
FILE PHOTO: A Hyundai Motor's Nexo hydrogen car is fuelled at a hydrogen station in Seoul, South Korea, August 13, 2019. REUTERS/Kim Hong-Ji (REUTERS)
FILE PHOTO: A Hyundai Motor's Nexo hydrogen car is fuelled at a hydrogen station in Seoul, South Korea, August 13, 2019. REUTERS/Kim Hong-Ji (REUTERS)

Why investors are snapping up hydrogen stocks

Share prices of companies in the industry have soared more than 500% in the past year, driven by the rising adoption of zero-emission vehicles, a deadline set by many countries to go carbon-free by 2050 and lately US President-elect Joe Biden's support for clean energy

Markets have rallied by 80% since April after a heavy 40% correction following the announcement of the COVID-19-related restrictions (Photo: PTI)
Markets have rallied by 80% since April after a heavy 40% correction following the announcement of the COVID-19-related restrictions (Photo: PTI)

Bank of America sees limited upside in Indian markets this year

Bofa Securities said it is 'not as bullish' and gave a target of 15,000 points for the 50-share benchmark Nifty by the end of the newly started year

Indigo Paints IPO: At the upper end of the price band, the initial public offer (IPO) is expected to fetch  ₹1,170 crore (Image: https://indigopaints.com)
Consolidated revenue from operations stood at  ₹2,221.25 crore in the quarter under review, as against  ₹1,761.77 crore in the year-ago period, a growth of 26%.
Consolidated revenue from operations stood at 2,221.25 crore in the quarter under review, as against 1,761.77 crore in the year-ago period, a growth of 26%.

Ceat shares jump over 6% after strong quarterly earnings

  • The stock gained 6.35% to Rs1,352.40 -- its one-year high -- on the BSE
  • At the NSE, it jumped 6.23% to Rs1,353 -- its one-year high

The pharma giant's US sales slid 1% during the quarter ending December, compared to 33% growth registered during the first half. (Reuters)
IRFC share allotment is likely to be finalised on 25th January, according to brokerages
LTI announced two large deals with a net new total contract value of USD278 million
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