Chinese auto giant BYD is set to overtake Tesla as the world's top electric vehicle seller for 2025. BYD's sales have significantly outpaced Tesla's, with projections indicating a decline for the American company. Industry watchers anticipate a transition period for EV demand in the US following tax credit changes.
A train derailed in Oaxaca, Mexico, resulting in 13 fatalities. The train was carrying 250 individuals, including passengers and crew. Authorities reported 98 injuries, with 36 individuals receiving medical attention. Many passengers were confirmed to be out of danger following the incident. Rescue and recovery efforts were underway.
Global stocks hovered near record highs amid light trading, while silver surged to a new peak, extending a historic year-end rally. Equities saw gains in Australia, with modest declines anticipated in Japan. Investors are closely watching AI trends and Federal Reserve interest rate decisions for future market direction.
India's primary market experienced a record year in 2025, but many companies that went public are now trading below their initial offer prices. This highlights a gap between initial excitement and lasting investor confidence. While some large IPOs performed well, smaller ones struggled.
Coforge is acquiring California-based Encora for $2.35 billion, bolstering its AI capabilities in healthcare and hi-tech, and expanding its US market presence. This strategic move aims to position Coforge for future growth, with the combined entity projected to significantly increase revenue and potentially become India's seventh-largest software exporter.
Nifty 50 is consolidating near all-time highs, facing resistance at 26,200, indicating near-term indecision. Analysts suggest range-bound trade with sector-specific opportunities, while Bank Nifty shows signs of potential profit-booking. Experts recommend specific stock bets like Lupin and Varun Beverages for potential gains.
Investors faced a tough choice. A few tech giants dominated market gains, forcing many to own them to keep up. This concentration made active fund managers struggle. Money flowed out of active funds, while passive funds saw inflows. Deviating from the market index proved costly for investors.
