Gift Nifty indicates a positive start for domestic indices; US, Asia markets traded higher ahead of Inflation reports this week

The benchmark Sensex and Nifty indices are likely to open marginally higher as trends in the GIFT Nifty indicate a positive start for the broader index with a gain of 15.5 points.

U.S. stocks closed higher on Wednesday as megacaps rallied, but gains were limited ahead of inflation reports and major bank earnings later in the week.

Japanese stocks hit a near 34-year high on Wednesday while other Asian equities meandered close to one-month lows and bond markets traded cautiously ahead of U.S. inflation data due this week.



CESC: Noida Power Company, a subsidiary of the company, has received an order from the Uttar Pradesh Electricity Regulatory Commission (UPERC) approving the power purchase agreement for the procurement of 95 MW of RTC power per year for 5 years. UPERC is neither related to the promoter/promoter group/group companies nor a related party.

Safari Industries (India): The company said the board of directors will be meeting on January 15 to consider raising funds through the issue of securities to one or more persons on a preferential basis. The board will also seek the approval of the members for the said fund-raising.

Bank of India: The public sector lender has registered a 9.9 percent on-year growth in total business at Rs 12.76 lakh crore in the quarter ended December FY24, with deposits increasing 8.66 percent to Rs 7.10 lakh crore and gross advances rising 11.49 percent to Rs 5.66 lakh crore.

Satin Creditcare Network: The microfinance institution said the Board of Directors will be meeting on January 15 to consider the proposal of raising funds through the public issue of non-convertible debentures. The fund-raising will be within the borrowing limits approved by the shareholders, in one or more series/ tranches.

NCC: Smallcap World Fund Inc. has bought 36,15,365 equity shares, equivalent to 0.57 percent of paid-up equity, in the construction company via an open market transaction at an average price of Rs 185.23 per share. These shares amounted to Rs 66.97 crore.

Dolphin Offshore Enterprises: The company has incorporated its wholly owned subsidiary, namely Beluga International DMCC, in Dubai, UAE. Beluga will be engaged in the business of ship charter, including the renting and leasing of water-transport boats, barges, and tugs for passenger transport or cargo.

Thirumalai Chemicals: TCL Intermediates, a wholly owned subsidiary of the company, has commenced commercial production from its greenfield plant at Dahej. The product manufactured is fumaric acid. This is expected to augment revenue by about Rs 4 crore from its operations for the quarter ending March 2024.