PRE MARKET
Gift Nifty indicates a weak start for the broader index in India, with a loss of 99.50 points or 0.39 percent. The Nifty futures were trading around the 25,417 level.
The S&P 500 and the technology-heavy Nasdaq closed lower on Thursday as investors were rattled by the latest earnings reports and worried about whether hefty spending on artificial intelligence would pay off for mega‑cap tech companies.
The Dow Jones Industrial Average managed to eke out a tiny gain late in the session, rising 55.96 points, or 0.11%, to 49,071.56. The S&P 500 closed well above its session low but still ended the day down 9.02 points, or 0.13%, at 6,969.01.
Stocks were volatile in early Asian trading on Friday after U.S. President Donald Trump endorsed a bipartisan deal to avert a fresh government shutdown and said he has decided who he will nominate to lead the Federal Reserve.
MSCI’s broadest index of Asia-Pacific shares outside Japan fluctuated between gains and losses and was recently down 0.2%, extending the previous day’s declines as it headed for its best monthly performance in more than three years.
Japan’s Nikkei, Hong Kong’s Hang Seng and the Taiwanese weighted index went down -0.33, -1.09 and -1.48 percent respectively.
STOCKS IN NEWS
Hindustan Aeronautics
The company has signed contracts with Pawan Hans for the supply of 10 Dhruv NG helicopters, along with associated spares and accessories, with a total value exceeding Rs 1,800 crore.
Hindustan Petroleum Corporation
The company has signed a Memorandum of Understanding (MoU) with Oil India to collaborate on the development of a compressed bio-gas (CBG) project. As part of the collaboration, Oil India will implement a CBG plant using HPCL’s indigenously developed HP RAMP technology. HPCL will provide the requisite technology to enable efficient conversion of waste into compressed bio-gas, while Oil India will leverage its operational capabilities for project implementation.
Atlanta Electricals
The company has received two orders from Karnataka Power Transmission Corporation worth Rs 146 crore, and three additional orders from Datta Power Infra (an independent power producer) executing projects for NTPC, worth Rs 142 crore.
JB Chemicals and Pharmaceuticals
Narayan Saraf has resigned from the position of Chief Financial Officer and Key Managerial Personnel of the company, effective January 30, citing personal reasons and to pursue other professional opportunities.
Source – Moneycontrol
