Get App
PRE-MARKET REPORT
The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open flat on Thursday, following mixed global market cues.
Gift Nifty was trading around 22,600, a premium of nearly 18 points from the Nifty futures’ previous close, indicating a flat-to-positive start for the Indian stock market indices.
The US stock market ended mixed on Wednesday as gains in technology shares were offset by losses in healthcare, consumer staples, and other sectors.
The Dow Jones Industrial Average declined 188.04 points, or 0.43%, to 43,433.12, while the S&P 500 gained 0.81 points, or 0.01%, to 5,956.06. The Nasdaq Composite closed 48.88 points, or 0.26%, higher at 19,075.26.
Asian markets traded mixed on Thursday following a similar trend overnight on Wall Street amid fresh tariff threats from US President Donald Trump.
Japan’s Nikkei 225 gained 0.32%, while the Topix rose 0.26%. South Korea’s Kospi fell 0.2%, and Kosdaq added 0.26%. Hong Kong’s Hang Seng index futures indicated a weaker opening.
STOCKS TODAY
KPI Green Energy: The company has entered into a Memorandum of Understanding (MoU) with the Renewable Energy Department of the Madhya Pradesh government to develop multiple projects, including solar, wind, hybrid, BESS, and biomass-based initiatives in the state.
Wipro: The technology services and consulting firm plans to allocate $200 million to its venture arm, Wipro Ventures, in its latest funding round. This marks the fourth round of funding for Wipro Ventures since its establishment a decade ago, aimed at boosting investments in early- to mid-stage startups.
Waree Renewable Technologies: The company has secured an order from ABREL EPC, a fully-owned subsidiary of Aditya Birla Renewables, to supply solar modules for 410 MWp. Meanwhile, on February 25, the Assistant Commissioner of State Tax, Mumbai, searched the company’s registered office and its subsidiary, Waaree Renewable Technologies. However, the company’s regular operations remain unaffected.
Dr Reddy’s Laboratories: The company has obtained the Establishment Inspection Report (EIR) from the US FDA for its API manufacturing unit (CTO-2) located in Bollaram, Hyderabad. The inspection has been classified as Voluntary Action Indicated (VAI) by the US FDA, signifying its closure. The regulatory body inspected the facility from November 13 to November 19, 2024.
Varun Beverages: The company has extended the acquisition timeline for SBC Beverages Ghana until March 31, instead of the previously announced February 28. On November 12, 2024, it signed a Share Purchase Agreement with Ghana Bottling Company to acquire full ownership of SBC Beverages Ghana for ₹127.1 crore.