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Gift Nifty was trading above the previous close of 21,709 and crossed 22000 level, indicating a strong start for the Indian benchmark indices
US stocks closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve
Asian shares got off to a sluggish start on Monday ahead of a week packed with geopolitical risk, Chinese economic data, and earnings reports from major U.S. banks.
STOCKS TODAY
Adani Enterprises: Adani New Industries, a wholly owned subsidiary of the company, has received a Letter of Award (LoA) from the Solar Energy Corporation of India (SECI) for setting up an electrolyser manufacturing capacity of 198.5 MW per annum in India under the Strategic Interventions for Green Hydrogen Transition Scheme (Tranche-I).
Wipro: The company has reported IT services revenue at Rs 22,150.8 crore for the quarter ended December FY24, falling 1.09 percent over the previous quarter, while revenue in dollar terms dropped 2.1 percent sequentially to $2,656.1 million, and the same in constant currency fell 1.7 percent QoQ for the quarter. Net income grew by 1.8 percent QoQ to Rs 2,694.2 crore in Q3 FY24.
Life Insurance Corporation of India: The Corporation has received an order from Income Tax authorities regarding Income Tax demand worth Rs 1,370.60 crore issued by Assistant Commissioner of Income Tax, Mumbai. The corporation will file an appeal before the Commissioner (Appeals), Mumbai, against the said orders.
Bharat Heavy Electricals: BHEL has received a Letter of Award (LOA) for the EPC package for the 3×800 MW NLC Talabira Thermal Power Project (NTTPP) in Jharsuguda, Odisha, from NLC India. The project is worth Rs 15,000 crore
FSN E-Commerce Ventures: Lexdale International, the asset management firm, has sold 2,62,37,880 equity shares in the Nykaa parent via open market transactions. These shares were sold at an average price of Rs 188.83 per share, valued at Rs 495.4 crore.
Avenue Supermarts: The D-Mart operator has recorded 17 percent on-year growth in consolidated profit at Rs 690 crore for the quarter ended December FY24. Revenue from operations during the same period increased by 17.3 percent to Rs 13,572 crore, and EBITDA grew by 16 percent to Rs 1,120 crore, but the margin remained flat at 8.3 percent year-on-year.
Gillette India: Nippon India Mutual Fund has bought 3.3 lakh equity shares in the company via open market transactions at an average price of Rs 6,755 per share, amounting to Rs 222.91 crore. However, corporate firm Adventz Finance sold 6 lakh shares (1.84 percent of paid-up equity) in the company at an average price of Rs 6,757.60 per share, which were valued at Rs 405.5 crore. Adventz held 3.41 percent of the shares in the company.