Groww's $700M IPO Plan Amid a Market Crash 📉

Good morning! It’s Tuesday, January 14th, and we’re bringing you a perfectly steeped blend of the day’s hottest stories. From sinking stocks to bubble tea brilliance, here’s your daily dose of masala!

Chai Shots ☕

• 💰 Bitcoin Takes a Dip: Bitcoin dropped over 2% touching lows of $90,385, with other cryptocurrencies like Ethereum and Dogecoin also seeing significant losses. The dip follows reassessments of U.S. Fed rate cut expectations and broader risk aversion in global markets. Will Bitcoin find a floor or continue sliding?

• 📱 Vodafone Idea’s Nonstop Hero Plans: Unlimited data packs starting at ₹365, with OTT subscriptions like Disney+ Hotstar and Netflix, are now live in select states. Perfect for binge-watchers!

• 🚗 Mahindra’s eZEO trademark drama: Mahindra’s EV trademarks are facing heat! A Delhi HC ruling favored Mahindra against Gensol’s claim, marking its second legal win after resolving a dispute with IndiGo last month.

• 📉 Just Dial tumbles 10%: Despite hitting its highest-ever quarterly revenue and a 42.7% profit jump, shares slipped below ₹1,000 due to bearish market sentiment.

• 💸 Rupee hits record low: The rupee fell to 86.11 against the dollar amid global pressures, foreign investor exits, and cautious RBI intervention.

Market Masala 📊

Markets

• 📉 Sensex nosedives: The index crashed 1,049 points, erasing ₹13 lakh crore in investor wealth. A fourth straight day of losses has brought Midcap and Smallcap indices down over 4%.

  🏠 Realty takes the hardest hit: The Realty index nosedived 6.7%, followed by Oil & Gas, Power, and Media, all down 3-4%. Clearly, no sector was spared in Monday's sell-off.

• 📊 Inflation relief: Retail inflation cooled to 5.22% in December, opening the door for possible RBI rate cuts next month.

• 🛢️ Oil stirs trouble: Brent crude hit $81 per barrel, weighing on oil-sensitive stocks like BPCL and IndiGo, which fell up to 6%.