Dalal Street traded in green; IT Stocks in the gain; Benchmark Indices closed higher

Key equity indices the Sensex and the Nifty 50 ended with gains for the second consecutive session today.

IT Giants, TCS, and Infosys paved the way for the rise of the domestic market.

BSE Midcap and Smallcap indices surged 2.35 percent and 2.68 percent, for the week.

Many Stocks including Bharti Airtel, IndusInd Bank, NTPC, Power Grid, and Tata Motors, hit their fresh 52-week highs during the session.

The rupee closed at 83.15 against the U.S. dollar, higher by 0.1% than the previous close.



Suzlon Energy: Shares of Suzlon Energy gained over 2 percent on January 5 after the company bagged a new order for the development of a 225-MW wind power project from Everrenew Energy Private Ltd. It would install 75 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each across the client’s several sites.

KPI Green Energy Ltd: Shares of KPI Green Energy Ltd gained 1.7 percent after the company informed that subsidiary KPIG Energia Pvt Ltd has received a solar power contract from Jayco Synthetics.KPIG Energia has been awarded the execution contract for a 3-megawatt solar power project under the captive power producer segment. The project is scheduled to be completed in fiscal year 2025 in various tranches as per the terms of the order.

HDFC Bank: the company shares fell 0.7 percent after the bank reported its update for the October-December quarter of the current fiscal year. The lender’s gross advances for the quarter ended December surged 62.4 percent to Rs 24.69 lakh crore on-year.

Power Finance: shares of Power Finance Corporation gave up their early gains when the company raised its market borrowing program to Rs 1.05 lakh crore. The borrowing program was for Rs 80,000 crore for the current financial year. The borrowing is under various debt segments such as bonds, debentures, term loans, external commercial borrowings, and more on both, a public or private placement basis.

Waaree Renewable Technologies: Shares surged 10 percent in the early trade on January 5 to hit a record high of Rs 2,703.95 after the company said that its board would consider a stock split on January 20

Lupin: The Lupin share touched a 52-week high after the company announced that the United States Food and Drug Administration (USFDA) had given it tentative approval to market generic diabetes drugs that are dapagliflozin and saxagliptin tablets. Dapagliflozin and saxagliptin tablets are indicated as an adjunct to diet and exercise to improve glycemic control in adults with type 2 diabetes.

GAIL (India) Limited: The company has signed a deal with global commodity trader Vitol Asia to buy around one million metric tons of liquefied natural gas (LNG) annually for 10 years, starting 2026, the state-owned firm said on January 5.”This long-term LNG deal with Vital by GAIL will augment its large liquefied natural gas (LNG) portfolio and will contribute to bridging India’s demand and supply gap of natural gas,” GAIL chairman and managing director Sandeep Kumar Gupta said.