Asian share markets are higher today, ahead of US consumer price data that investors hope will confirm inflation is in retreat.

Meanwhile, the yen rose with a report Japan will next week review the side-effects of its ultra-easy policy.

The Nikkei is trading up by 0.2% while the Hang Seng was down by 0.3%. The Shanghai Composite is trading lower by 0.2%.

US stocks ended sharply higher on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.

The Dow Jones ended higher by 0.8% while the tech-heavy Nasdaq Composite ended higher by 1.8%

Here's a table showing the performance of US stocks yesterday:

Source: Equitymaster

Back home, Indian share markets are trading on a negative note.

Benchmark indices opened in the positive territory today but soon succumbed to profit booking and extended losses.

At present, the BSE Sensex is trading lower by 192 points. Meanwhile, the NSE Nifty is trading lower by 59 points.

L&T, HCL Technologies, and UltraTech Cement are among the top gainers today.

Asian Paints, Reliance Industries, and Axis Bank are among the top losers today.

Broader markets are trading on a mixed note. The BSE Mid Cap index is trading flat and the BSE Small Cap index is trading higher by 0.2%.

Sectoral indices are trading on a mixed note. Stocks in the IT sector, power sector, and capital goods sector witness buying.

Meanwhile stocks in the oil and gas sector, and energy sector witness selling.

Shares of Mahindra CIE Auto hit their 52-week high today.

The rupee is trading at Rs 81.6 against the US dollar.

In the commodity markets, gold prices trade higher by Rs 154 at Rs 55,847 per 10 grams.

Meanwhile, silver prices are trading higher by 0.7% at Rs 68,413 per 1 kg.

Speaking of gold and silver, they are back in the news. The recent price gains have brought them back into the limelight.
 

This small cap rallied more than 300% in 2022. But what next?

2022 was possibly one of the worst years for Indian IT stocks and tech stocks across the globe, this IT company managed to rise over 3x!

We are talking about Cressanda Solutions.

The company started the year 2022 at a share price of Rs 6.47. On 30 December 2022, i.e. the last trading day of 2022, the stock price closed at Rs 26.75.

As is visible in the chart above, the real gains came post-April 2022. This was after Cressanda forayed into the machine learning and artificial intelligence (AI) space through an indirect route.
 

Adani to invest a huge amount in Madhya Pradesh

The global investor's summit (GIS) is going on in Madhya Pradesh (MP). The two-day (11-12 January) GIS was virtually inaugurated by Hon'ble Narendra Modi yesterday. As a part of the discussion at the summit, some big business houses in India expressed their interest in investing in MP.

Energy-to-ports conglomerate Adani Group is mulling investing Rs 600 billion (bn) (about Rs 60,000 crore) in mineral exploration, energy, agriculture, renewable energy, and coal sectors, the group said in its official release.

However, the group did not give timelines for the investment.

As per details, the group will run skill development centers as per its requirement to train the youths of the state and it also has plans to establish a hospital in MP.

Kumar Managalm Birla - the head of Aditya Birla Group said that his group also plans to invest Rs 150 bn in MP.

Apart from this, Dalmia Bharat Group's Puneet Dalmia has expressed interest in setting up a cement plant.

ITC Group's Sanjiv Puri while interacting with the chief minister of the state said that the group plans to expand the farmers' producer organization (FPO) from 300 to 1,000 in the state with an investment of Rs 15 bn.
 

Route Mobile bags a new contract

Route Mobile, a leading CPaaS (Communication Platform as a Service) provider signed an exclusive SMS firewall solution and connectivity service agreement with a leading mobile network operator (MNO) in Sri Lanka to provide an end-to-end A2P monetization suite for all international A2P SMS' terminating on its network.

Under the terms of the agreement, Route Mobile will serve as the exclusive partner of the MNO for a duration of 2 years, as the company looks to strengthen its market position and increase its presence in Sri Lanka.

As an exclusive partner, Route Mobile will leverage its reach with large global enterprises to drive international A2P SMS traffic termination on the Sri Lankan MNO's network.
 

Atul Auto Forays in the EV space

Three-wheeler maker Atul Auto on Wednesday announced its foray into the electric vehicle (EV) space by launching two models at the Auto Expo 2023.

Atul Greentech, a subsidiary of Atul Auto, launched Mobili, a passenger vehicle, and cargo variant Energie.

Both Mobili and Energie are built with industry-leading technology, telematics, and battery management systems (BMS).

The company has not disclosed the price of the two variants.

The new cargo and passenger variants of electric three-wheelers will be launched across the country, starting from Punjab, Gujarat, and NCR.

The two variants will be made available in a phased manner across the country in Atul Auto's dealerships.

Energie has a dual battery pack and provides a range of 195 kilometers, while Mobili comes with a range of 110 km.

The company has two manufacturing plants, one in Rajkot and another in Ahmedabad.

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