Copper hits new peak as supply concerns outweigh dollar strength

Copper and tin prices surged to record highs on Wednesday, driven by persistent supply worries and a speculative buying spree amidst escalating geopolitical tensions. Despite a stronger dollar, copper's rally was fueled by mine disruptions and anticipated U.S. tariffs. Tin also saw significant gains, with other base metals also trading higher.

Bharat Coking Coal IPO: Why a small PSU drew Rs 1.1 lakh crore bids and what investors should expect from listing?

Bharat Coking Coal's IPO attracted massive investor interest, securing bids worth Rs 1.1 lakh crore for its Rs 1071 crore offering. This overwhelming response was fueled by the company's dominant position in coking coal production and attractive valuations. Investors are anticipating a strong listing performance. The company's focus on expanding beneficiation capacity also signals future growth prospects.

Oil India among 5 F&O stocks with a sharp rise in futures open interest

Several NSE F&O stocks, including Oil India, witnessed a sharp rise in futures open interest on January 13, signalling increased trader participation and fresh position-building. The trend points to heightened activity across select stocks in the derivatives segment.

Tata Elxsi shares shed 3% after Q3 profit declines 45% YoY

Tata Elxsi shares fell over 3% after the company reported a sharp 45.3% year-on-year drop in Q3 net profit, hit by a one-time exceptional charge linked to changes in India’s labour laws. Revenue grew marginally, while adjusted profit declined 5.4%, reflecting continued pressure on margins despite steady demand in software services.

Rupee rebounds! Currency rises 11 paise in early trade; reaches 90.12 against US dollar

The Indian rupee opened weaker on Wednesday, continuing its downward trend against the US dollar. This decline is attributed to rising crude oil prices, geopolitical tensions, and foreign fund outflows. While global risk aversion and weak domestic markets are pressuring the currency, optimism around a potential India-US trade deal and a possible rate cut may offer support.