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PRE-MARKET REPORT
The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Thursday amid mixed cues from global markets.
Gift Nifty was trading around 22,914 level, a discount of nearly 50 points from the Nifty futures’ previous close, indicating a negative start for the Indian stock market indices.
The US stock market ended higher on Wednesday, with the S&P 500 notching its second straight all-time closing high. The Dow Jones Industrial Average gained 71.25 points, or 0.16%, to 44,627.59, while the S&P 500 rose 14.57 points, or 0.24%, to 6,144.15. The Nasdaq Composite closed 14.99 points, or 0.07%, higher at 20,056.25.
Asian markets traded lower on Thursday as US President Donald Trump’s proposed tariffs and caution in Federal Reserve meeting minutes dented sentiment. Japan’s Nikkei 225 fell 0.79%, while the Topix index declined 0.67%. South Korea’s Kospi dropped 0.18% lower, while the Kosdaq rose 0.32%. Hong Kong’s Hang Seng index futures indicated a slightly higher opening.
STOCKS TODAY
Tata Technologies, IREDA: Two more stocks, Indian Renewable Energy Development Agency (IREDA) and Tata Technologies, are set to be included in India’s fast-growing futures and options (F&O) segment from the March series, as per a National Stock Exchange (NSE) circular issued on Wednesday. This follows the recent inclusion of NBCC, Phoenix Mills, Solar Industries, and Torrent Power, which were added to the F&O segment on January 30.
Bharat Forge: Bharat Forge’s defense subsidiary, Kalyani Strategic Systems, has signed a Letter of Intent (LOI) with AM General, USA, for the supply of advanced artillery cannons manufactured in India. This agreement marks the first-ever instance of an Indian defense firm exporting artillery cannons to the United States, highlighting the strengthening defense cooperation between the two nations.
Waaree Energies: Waaree Energies has won an order to supply 362.5 megawatt peak (MWp) of solar photovoltaic (PV) modules from a leading Indian renewable power project developer. This significant deal will contribute to India’s growing renewable energy capacity and marks another milestone for Waaree in the domestic solar sector.
Orchid Pharma: Orchid Pharma announced the successful completion of a surprise inspection by the U.S. Food and Drug Administration (USFDA) at its Active Pharmaceutical Ingredient (API) manufacturing facility in Alathur, Tamil Nadu. The inspection, which took place between February 10 and February 18, 2025, resulted in seven minor observations. However, none of these observations were data integrity-related, indicating compliance with global regulatory standards.
Torrent Power: Torrent Power has announced the incorporation of a new entity, ‘Torrent Urja 30’, under its subsidiary Torrent Green Energy. The newly established company will focus on developing and expanding renewable energy projects, strengthening Torrent Power’s clean energy portfolio.
Sundaram Clayton: Sundaram Clayton, a leading automotive components manufacturer, has revealed plans to divest its aluminum die-casting businesses at its Hosur facility. The company confirmed that both its high-pressure and low-pressure aluminum die-casting operations at Hosur will be sold to third-party buyers. However, details regarding the transaction structure, identity of the buyer, and financial terms are yet to be disclosed.