PRE MARKET
Gift Nifty suggests a firm opening for the broader index in India, with a gain of 53.50 points or 0.21 percent. The Nifty futures were trading around the 25,673 level.
Wall Street ended higher on Wednesday, extending its tech-led rally and touching two-week highs as worries over artificial intelligence disruption and costs took a back seat to renewed optimism over the nascent technology’s potential benefits.
The Dow Jones Industrial Average rose 307.65 points, or 0.63%, to 49,482.15, the S&P 500 gained 56.06 points, or 0.81%, to 6,946.13 and the Nasdaq Composite gained 288.40 points, or 1.26%, to 23,152.08.
Asian stocks advanced on Thursday after upbeat earnings from Nvidia soothed concerns over AI-driven disruption and rising costs, while the yen was in the doldrums, bogged down by a murky rate outlook in Japan.
Japan’s Nikkei and the Taiwanese weighted index climbed 0.66 and 0.07 percent respectively, while Hong Kong’s Hang Seng slipped -0.42 percent.
STOCKS IN NEWS
Zydus Lifesciences
The company plans to launch Semaglutide injection under the brand names, SEMAGLYNTM, MASHEMATM and ALTERMETM, upon patent expiry in India. The Drug Controller General of India (DCGI) had earlier provided its approval for manufacturing and marketing Semaglutide injection for the treatment of Type 2 Diabetes Mellitus and Obesity.
Xtglobal Infotech
The company’s US subsidiary XTGlobal Inc has bagged order from the Texas Department of Transportation (TxDOT) for Al enablement for engineering services. The work order is for a six-month program increment commencing March 16 and concluding on September 30, 2026. The maximum amount payable under the work order is US$ 0.79 million (approximately Rs 7.2 crore), payable against defined milestone-based deliverables.
KP Energy
The company has received a Letter of Award (LoA) from Enerparc Energy for the development of a 40.8 MW wind-solar hybrid power project in Gujarat, comprising approximately 20.2 MW of wind capacity and 20.6 MWp of solar capacity.
ACME Solar Holdings
The company through its subsidiary ACME Suryodaya has commissioned the first phase of 19 MW/38 MWh out of 285 MW/600 MWh capacity of battery energy storage system (BESS) project at Jaisalmer, Rajasthan. This project will currently be deployed as a merchant capacity while ACME Solar Holdings retains flexibility to shift to a long term PPA in future. The commercial operation date for the said Phase–I will be February 27.
NTPC Green Energy
The first part capacity of 50 MW out of 200 MW Dayapar Wind Energy Project Phase-II in Gujarat of company’s subsidiary NTPC Renewable Energy has been declared on commercial operation. The current commercial capacity of NTPC Green Energy group stands at 9,151.08 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Group will increase to 9201.08 MW.
Source – Moneycontrol
