Get App
POST-MARKET REPORT
The domestic equity market benchmark indices, Sensex and Nifty 50, are expected to open higher on Friday, following positive trends in global markets.
Gift Nifty was trading at around 23,301 levels, a premium of nearly 37 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
The US stock market ended higher on Thursday, with the benchmark S&P 500 rising to a record closing high, after comments from President Donald Trump, including a call for cuts in interest rates and oil prices.
The Dow Jones Industrial Average rallied 408.34 points, or 0.92%, to 44,565.07, while the S&P 500 gained 32.34 points, or 0.53%, to 6,118.71. The Nasdaq Composite closed 44.34 points, or 0.22%, higher at 20,053.68.
Asian markets traded higher on Friday, following the overnight Wall Street rally, which was fueled by US President Donald Trump’s call for lower interest rates and cheaper oil prices.
Japan’s Nikkei 225 rose 0.55%, while the Topix advanced 0.53%. South Korea’s Kospi gained 0.62%, while the Kosdaq rose 0.07%. Hong Kong’s Hang Seng index futures indicated a slightly higher open.
STOCKS TODAY
Jyoti Structures: The company has received a notification of award for a project worth Rs 741.28 crore from PowerGrid Corporation of India. The project involves the design, detailing, testing, and supply of towers, and all line materials, as well as the commissioning of Package 01 of the ± 800 kV HVDC Bipole Line between KPS2 (HVDC) and Nagpur (HVDC) on a total turnkey basis.
Bondada Engineering: Bondada Raghavendra Rao, on behalf of the Bondada Group, has announced an MoU with the Assam government for establishing a hybrid renewable energy plant in Assam. The project, which aims to invest in hybrid projects under the UNNATI Scheme, is envisioned to be a 100 MW facility integrated with solar and wind power. The approximate investment for this project is set at Rs 450 crore.
Akums Drugs and Pharmaceuticals: The IT Department searched the offices and manufacturing units of the company, its subsidiaries, and the residences of the managing directors and the chief financial officer of the company between January 15 and January 21. The company has not yet received any written communication from the IT Department regarding the outcome of the search.
Greenlam Industries: The company’s subsidiary, Greenlam, has commenced commercial production of chipboard at its manufacturing facility in Naidupeta, Andhra Pradesh, effective January 23, 2025. The facility has an installed production capacity of 2,92,380 cubic meters per annum and has the potential to generate revenue of up to Rs 750 crore annually at full capacity utilization. The total capital expenditure incurred for the chipboard project is Rs 735 crore as of the commencement of commercial production.
Rain Industries: Green Graphite Technologies Inc. has been awarded $682K in funding through the Ontario Vehicle Innovation Network’s (OVIN) R&D Partnership Fund – Electric Vehicle (EV) stream. This grant will support the advancement of Green Graphite’s technology to produce high-purity natural graphite, a critical material in the manufacturing of lithium-ion batteries for EVs. Rain Carbon Canada Inc., a wholly owned subsidiary of Rain Industries, in collaboration with Green Graphite Technologies Inc., aims to refine and scale up its proprietary process for producing high-purity natural graphite battery anode materials, ensuring it meets the rigorous standards required for next-generation EV batteries.