Today’s top morning headlines - 10th January 2024

Good afternoon

Markets are trading in the red, with the NIFTY50 trading below 21,500 as of 1:45 pm. Here are the top stories for the day!

Top gainer: Cipla: 1,315 ▲ 26 (+2.0%)
Top loser: NTPC: 308 ▼ 11 (-3.4%)

:star: Delta Corp falls after subdued Q3 result
Shares of the casino and online gaming operator declined nearly 5% in early morning trade. This comes after the company’s Q3 net profit slumped 59% to ₹34.5 crore, while its consolidated revenue declined 15% YoY to ₹231.7 crore.

:star: Manappuram Finance tanks 5%
Shares of the gold loans financing company are down 5% today. This comes after the market regulator SEBI put the IPO of Manappuram Finance’s subsidiary on hold. Asirvad MicroFinance had filed draft papers to raise ₹1,500 crore through the IPO route.

:star: Spicejet shares soar on investment plan
Shares of the low-cost carrier are up 5% today. This comes after the company said that it plans to raise ₹2,250 crore to drive expansion and revival. The airline reportedly plans to restore 25 grounded aircrafts and acquire bankrupt GoFirst.

:star: Jyoti CNC IPO receives strong investor interest
The IPO of Jyoti CNC Automation has been subscribed more than 3 times on day 1. Retail investors have flocked towards the IPO with the retail portion being subscribed around 10 times.