Overview
- The Sensex rose 573 points to 85,762.01 and the Nifty 50 gained 182 points to 26,328.55 at the latest close, extending the New Year rally.
- Adani Enterprises launched a Rs 1,000 crore public NCD issue opening Jan. 6 and closing Jan. 19, offering rates up to 8.90% with a Rs 500 crore green shoe.
- Coal India subsidiary Bharat Coking Coal plans a Rs 1,071 crore IPO on Jan. 9 with a price band of Rs 21–23 per share.
- The government cleared 22 projects worth Rs 41,863 crore under the Electronics Components Manufacturing Scheme, with Dixon’s units approved to make camera-module sub-assemblies and SFP optical transceivers.
- Q3 updates showed Bajaj Finance AUM up 22% year-on-year to Rs 4.85 lakh crore, Vedanta aluminium output at a record 620 kilotonnes, and Bank of Baroda and Punjab National Bank reporting growth in deposits and advances.