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Stocks to Watch on January 9, 2025

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Markets opened with a cautious sentiment as GIFT Nifty futures were down 62.35 points at 23,719 as of 7:20 AM. The BSE Sensex fell 0.06% to close at 78,148.49 in the previous session, while the NSE Nifty50 ended at 23,688.95, down 0.08%. Here are the stocks in focus today:

Results Today

  • TCS, IREDA, Tata Elxsi, among others, are set to announce quarterly earnings.

Corporate Updates

  • Tata Motors: JLR’s wholesale volume rose 3% YoY in Q3 but retail sales dipped 3%.
  • M&M: De-risked semiconductor supply chain for EVs BE 6 and XEV 9e, deliveries to begin in March.
  • P N Gadgil Jewellers: Reported strong Q3 revenue growth: retail up 42%, franchise up 87%, e-commerce up 98% YoY.
  • Dixon Technologies: Seeks subsidies of up to ₹100 crore under India’s production incentive scheme.
  • LIC: Over 52,000 registrations under its Bima Sakhi scheme within a month of launch.
  • Nuvoco Vistas: Plans to acquire Vadraj Cement for ₹2,800–3,000 crore.
  • Hyundai Motor India: Launched upgraded variants of Venue, Verna, and Grand i10 NIOS.
  • Brigade Enterprises: Launched Brigade Gateway at Neopolis, Hyderabad, expected to generate ₹3,300 crore in revenue.
  • Titan: Opened its first IRTH store in Chennai, targeting ₹1,000 crore revenue by FY27.
  • MOIL: Received a ₹16.77 crore penalty from Madhya Pradesh authorities.
  • Adani Ports: Entered the global top 10 in the S&P Global Corporate Sustainability Assessment rankings.
  • ONGC: Partnering with BP to boost Mumbai High oil and gas output by up to 60%.
  • Manappuram Finance: RBI lifted restrictions on Asirvad Micro Finance.
  • Lupin: Received US FDA clearance for its Pithampur Unit-1 facility.

Investors are expected to closely monitor these developments as markets navigate uncertain terrain.

Business

Overseas Loans by Indian Firms See Sharp Decline

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Business : Indian companies borrowed $5.43 billion from abroad in March, according to RBI data. This was 51% lower than March last year.

Experts said the weak rupee and high global interest rates made foreign loans less attractive for companies.

In the financial year 2025-26, India Inc raised nearly $43 billion through foreign borrowings. This was down from $61 billion in the previous year.

In March 2025, borrowings had crossed $11 billion due to large deals by companies like JSW Steel and Tata Semiconductor Manufacturing.

Companies are also avoiding overseas loans because hedging costs have become expensive during currency volatility.

READ MORE :AC Coach of Thiruvananthapuram-Delhi Rajdhani Express Catches Fire

The RBI reportedly discussed easing foreign borrowing rules and offering hedging support, but no final decision was taken.

Market experts said the ongoing West Asia conflict has increased uncertainty, making companies cautious about raising funds from abroad.

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Fuel Prices Hiked by Rs.3 per Litre across India

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New Delhi: Petrol and diesel prices have been increased by Rs.3 per litre across the country from today. Oil marketing companies revised the rates due to the rise in global crude oil prices.

After the hike, petrol price in Bengaluru has reached Rs.106.17 per litre, while diesel now costs   Rs.94.10 per litre.

The increase comes amid fluctuations in international crude oil prices and tensions in West Asia, including the Iran conflict. The fall in the value of the Indian rupee against the US dollar has also increased import costs.

The fuel price hike is expected to affect transportation and daily essentials. Transport charges for goods may rise, leading to higher prices of vegetables, fruits, milk, and other items. Bus, auto, and taxi fares may also increase.

READ MORE :Two Final-Year Engineering Students Drown in Bhadra Canal

Earlier, fuel prices were reduced before the 2024 Lok Sabha elections. In 2022, the Centre had also cut excise duty to control inflation after the Covid pandemic.

 

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Gold Prices Rise in Mangaluru; Demand for Ornaments Remains Strong

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Mangaluru: Gold prices in the coastal city of Mangaluru have been reported at high levels today. The rate for 24 karat gold (99.9% purity) stands at Rs.14,962 per gram. The price for 22 karat gold (91.6% purity) is Rs.13,715 per gram. Meanwhile, 18 karat gold (75% purity) is being sold at Rs.11,222 per gram.

Mangaluru is well known for its deep cultural connection with gold. The city has a long tradition of buying and wearing gold ornaments. This tradition continues strongly even today.

Local jewellers say that demand for gold remains steady despite high prices. Many people still prefer to invest in gold for safety and long-term value. Gold is also an important part of weddings and festivals in the region.

Apart from its love for seafood, Mangaluru is also famous for its gold market. The gold trade in the city has a long history and continues to grow.

READ MORE :Mango Sheera Emerges as a Popular Summer Dessert

Buyers are advised to check the latest rates before making a purchase. They can also use a gold rate calculator to get exact pricing based on weight and purity.

Experts say that gold prices may change depending on global market trends. Customers should stay updated and make careful decisions while buying gold.

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