MRPL, SAIL, Tata Steel in focus as Nifty signals bottom formation near 25,500: Nagaraj Shetti

Nifty shows early signs of bottoming near 25,500 as buying emerges at lower levels, says Nagaraj Shetti, Technical & Derivative Analyst , HDFC Securities. While volatility persists, technical charts point to a possible rebound towards 26,200–26,300. Metals and oil refinery stocks show strength, with MRPL, SAIL and Tata Steel leading sectoral momentum.

Bharat Coking Coal listing deferred amid Maharashtra civic polls. Check new date

Bharat Coking Coal's IPO listing has been postponed to January 19 due to BMC elections, with the Indian stock market also closed on January 15 for municipal polls. The Rs 1,071 crore IPO saw an overwhelming subscription response, attracting bids worth over Rs 1.1 lakh crore and setting a record with 90.31 lakh applications.

Groww ropes in US-based State Street as strategic investor with Rs 580 crore AMC deal

Groww has partnered with US-based State Street Global Advisors, which will invest up to Rs 580 crore in Groww AMC through primary and secondary shares. The deal, involving up to 23% stake dilution, strengthens Groww’s mutual fund business, supporting expansion, global collaboration, and enhanced product offerings for Indian investors.

HDFC AMC Q3 Results: Standalone profit jumps 20% YoY to Rs 770 crore; revenue up 15%

HDFC AMC Q3 Results: HDFC AMC announced a robust financial performance, with its third-quarter net profit surging 20% year-on-year to Rs 770 crore. Revenue from operations also saw a healthy 15% increase, reaching Rs 1,074 crore. For the nine months ending December, profit after tax climbed to Rs 2,236 crore, showcasing strong growth momentum.