Gift Nifty indicates a Muted start for the Indian key indices; Asian and US markets traded higher

Gift Nifty was trading around the 21,530 level, as against Nifty futures’ previous close of 21,550, indicating a flat-to-higher opening today helped by positive trends in the global markets

Asian markets traded higher on Friday tracking an overnight rally on Wall Street fuelled by technology stocks

Japan’s Nikkei 225 rallied 1.4% and the Topix gained 0.98%. Hong Kong’s Hang Seng index futures indicated a flattish open.

US stock market indices ended higher on Thursday led by technology stocks, with the S&P 500 approaching record highs.

The Dow Jones Industrial Average gained 0.54%, while the S&P 500 surged 0.88%. The Nasdaq ended 1.35% higher.



 Wipro: The IT services company has signed a definitive agreement to subscribe for a 14 percent equity share in Huoban Energy 11, for Rs 3.17 crore. The deal will help Wipro enhance the proportion of usage of renewable energy for offices in Maharashtra. The transaction is expected to be completed before March 2024.

Hindustan Unilever: The FMCG major has entered into transaction documents for the acquisition of a 27.73 percent stake in the SPV (special purpose vehicle) Transition Sustainable Energy Services One. On December 1, last year, the board approved the proposal to enter into an agreement for the acquisition of renewable power by acquiring a stake in Transition Sustainable Energy Services One.

Tata Consultancy Services: The country’s largest IT company shares will trade ex-date for a dividend with effect from January 19. The company announced an interim dividend of Rs 9 per share and a special dividend of Rs 18 per share for the current financial year on January 11.

Bandhan Bank: The Reserve Bank of India (RBI) has granted its approval for the appointment of Rajinder Kumar Babbar as Whole-Time Director (to be designated as Executive Director) of Bandhan Bank for three years, with effect from the date of taking charge, which should be within three months from the date of the said RBI approval.

Shoppers Stop: The department store chain has registered a 41.3 percent on-year fall in consolidated net profit at Rs 36.85 crore for the quarter ended December FY24, impacted partly by weak operating numbers and lower other income. Revenue from operations increased 8.8 percent YoY to Rs 1,237.5 crore in Q3 FY24.

Poonawalla Fincorp: The non-banking finance company has registered a massive 76.3 percent on-year growth in net profit at Rs 265.1 crore for the October–December period of FY24. Revenue from operations during the same period grew by 52.1 percent to Rs 762.6 crore, while assets under management at Rs 21,946 crore at the end of the December quarter grew by 58 percent YoY and 9 percent QoQ.

Indian Bank: The public sector lender has received approval from the Reserve Bank of India (RBI) for setting up a new wholly-owned operations support subsidiary

Finolex Industries: The Pune-based PVC pipes and fittings manufacturer has recorded a 20 percent on-year increase in consolidated net profit at Rs 95.4 crore for the quarter ended December FY24, despite a weak topline supported by healthy operating numbers. Revenue from operations fell 9.3 percent YoY to Rs 1,019.7 crore for the quarter.