Get App
PRE MARKET
Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 17 points or 0.07 percent. The Nifty futures were trading around the 26,120 level.
US stocks slumped on Tuesday, while gold bounced back on the penultimate trading day of 2025.
All three indexes dipped into negative territory in a light-volume pre-holiday session in a subdued ending to a volatile year.
The Dow Jones Industrial Average fell 94.87 points, or 0.20%, to 48,367.06. The S&P 500 fell 9.51 points, or 0.14%, to 6,896.23, and the Nasdaq Composite fell 55.27 points, or 0.23%, to 23,419.08.
Asian equities are set for a third annual gain, and the best since 2017. A number of markets are shut for the year, including Japan and South Korea.
Japan’s Nikkei and Hong Kong’s Hang Seng went down -0.37 and -0.86 percent, while the Taiwanese weighted went up 0.77 percent.
STOCKS TODAY
Bharat Forge
The company has received a contract worth Rs 1,661.9 crore from the Ministry of Defence for the supply of 2,55,128 CQB carbines (5.56 x 45 mm) to the Indian Army. The contract stipulates order execution within five years.
Power Grid Corporation of India
The company has been declared the successful bidder for the selection of battery energy storage developers for setting up a cumulative capacity of 2,000 MWh (1,000 MW x 2 hours) of standalone battery energy storage systems in Andhra Pradesh. The project comprises a 150 MW/300 MWh battery energy storage system at the 400/220 kV substation at Kalikiri in Chittoor district, Andhra Pradesh.
Muthoot Finance
The Board of Directors of Muthoot Money, a subsidiary of the company, has completed the allotment of 3,25,139 equity shares to Muthoot Finance against funds of Rs 500 crore via a rights issue. Funds raised through the rights issue will be utilised for business funding, general corporate purposes, and repayment of existing loans.
InterGlobe Aviation
The GST Department, Delhi South, has passed an order against InterGlobe Aviation imposing a GST demand, along with interest and penalty, amounting to Rs 458.26 crore. The demand pertains to compensation received from a foreign supplier and the denial of input tax credit for FY 2018–19 to FY 2022–23. The company strongly believes that the order passed by the GST department is erroneous and not in accordance with the law, based on advice from external tax advisors.
Lupin
On September 29, 2025, the company’s subsidiary, Nanomi BV, Netherlands, entered into a definitive agreement to acquire the entire share capital of VISUfarma BV, headquartered in Amsterdam. The company had earlier indicated that the transaction would be consummated by the end of the calendar year 2025. The company has now stated that the proposed transaction is currently in progress and is expected to be completed by February 28, 2026.
Source – Moneycontrol