Bitcoin hovers near $94,000 while Ethereum stays above $3,200 as major altcoins rally. Market optimism is supported by institutional activity and US-Venezuela geopolitical developments.
Indian equity markets are consolidating near record highs, supported by domestic flows but hindered by a lack of foreign investment. Persistent selling and uncertainty over a trade deal are keeping indices range-bound, with muted expectations for IT earnings and a need for more data on retail slowdown.
Reliance Industries shares fell sharply on Tuesday, marking their biggest intraday drop since June 2024, after the company denied a Bloomberg report on Russian crude shipments to Jamnagar. In a statement posted on X, the company said its Jamnagar refinery has not received any Russian oil cargo in the past three weeks and is not expecting any Russian crude deliveries in January.
Hindustan Copper shares have reached a new 52-week high. Global copper prices are climbing, driven by anticipated US import tariffs. This situation is pushing US copper prices higher than those on the London Metal Exchange. Experts predict copper prices will remain strong, supported by demand from sectors like AI and electric vehicles.
Billionbrains Garage Ventures, the parent of Groww, saw its shares rally after Motilal Oswal initiated coverage with a Buy rating. Analysts are bullish on Groww's market share gains in broking and derivatives. The company is expanding its affluent customer base and wealth management offerings. Robust financials and attractive valuations are also key factors.
EXIM Bank of India has successfully raised one billion US dollars through its dual-tranche bond issue. The bank sold ten-year bonds at five percent and thirty-year bonds at five point seven five percent. Strong demand allowed for aggressive pricing on these longer-duration bonds. Proceeds will fund overseas investments and capital goods imports.
Sachin Shah of Emkay Investment Managers outlines his E-Qual model for identifying long-term wealth creators. He emphasizes management quality, integrity, and capital efficiency, advocating for avoiding mistakes over chasing quick gains. Shah stresses that sticking to quality builds resilient portfolios through market cycles.
Smallcap outlook remains uncertain as valuation excesses drive a sharp correction. A broader rally in H2FY26 hinges on easing FPI selling, better earnings, and a supportive macro environment. Investors should remain mindful of valuation risks in certain sectors despite market corrections.
