Stock Market News (Quick Updates) 28th January 2025 Watch the full video here- https://youtu.be/ZJMxwOYZQrU World Market Chinese AI Startup Releases Deepseek R1 - The R1 model matches performance with leading U.S. AI models. - Training cost was only $5.6 million, significantly lower than competitors. Nasdaq and S&P 500 Fall Amid DeepSeek Triggered Nvidia Rout - U.S. markets declined sharply, with the Nasdaq down 2.7%. - Concerns grew over potential AI stock bubble following DeepSeek's release. China’s January Manufacturing Activity Shrinks to Five-Month Low - Manufacturing PMI fell to 49.1, indicating contraction. - Calls for more economic stimulus have intensified amid weak domestic demand. Indian Economy India Initiates Anti-Dumping Probe into PVC Resin Imports - Investigation launched into alleged dumping from the EU and Japan affecting local industry. - Anti-dumping duties may be imposed if the investigation confirms harm to domestic producers. India’s Finished Steel Imports from China Hit Seven-Year High - Finished steel imports from China rose 13.3% to 2.1 million metric tonnes. - Combined imports from China, South Korea, and Japan accounted for 79% of total imports. Stock-specific News ITC Hotels Shares to Be Listed on January 29 - ITC Hotels will debut on BSE and NSE following a successful demerger. - Shareholders will receive one share of ITC Hotels for every 10 shares of ITC held. CDSL Shares Drop 9% Following Q3 Profit Dip - CDSL's net profit fell 38% sequentially to ₹105 crore for Q3. - The company opened the lowest number of new accounts since December FY24. Kaynes Technology Q3 Reports 47% Increase in Net Profit - Net profit surged 47.2% YoY to ₹66.4 crore in Q3 FY25. - Despite strong results, shares fell 6.18% following the earnings announcement. Bajaj Housing Finance PAT Up 25% in Q3 - Q3 profit increased to ₹548 crore, driven by robust credit demand. - Loan assets grew by 31% YoY, with gross bad loans remaining low at 0.29%. JSW Group Enters Copper Mining with ₹2,600 Crore Investment - JSW secured two copper mine blocks in Jharkhand, expected to be operational by 2026-27. - The move targets rising demand in sectors like electric vehicles and renewable energy.