Gift Nifty Indicates a positive start for the Indian stock indices; US markets ended higher; Asian markets traded higher tracking the Wall Street


The domestic equity indices are likely to open higher on Friday, led by positive global market cues. Further, Gift Nifty is trading above the previous close, indicating a positive start for the Indian stock market indices.

The US stock market ended higher on Thursday, with the S&P 500 and Dow Jones Industrial Average both closing at record highs, led by growth and technology stocks. The Dow Jones Industrial Average rallied 456.87 points, or 1.18% while the S&P 500 jumped 105.23 points, or 2.11%. The Nasdaq Composite ended 460.75 points, or 2.96%, higher.

Asian markets traded higher on Friday tracking an overnight rally on Wall Street, with investors awaiting China’s property prices data. Japanese markets are closed for a public holiday. South Korea’s Kospi rose 0.4% and the Kosdaq gained 0.2%. Hong Kong’s Hang Seng index futures indicated a lower opening.



Indian Railway Catering and Tourism Corporation: IRCTC has tied up with Bundl Technologies (Swiggy Foods) for the supply and delivery of pre-ordered meals through the IRCTC e-catering portal as a proof of concept in the first phase at four railway stations, i.e., Bengaluru, Bhubaneswar, Vijayawada, and Visakhapatnam. The eCatering service through Bundl Technologies may be available soon.

Oil India: The company has signed a Memorandum of Understanding (MoU) with Fertilisers and Chemicals Travancore (FACT), a public sector company, to explore opportunities in the domain of green hydrogen, including green ammonia, green methanol, and other derivatives.

Bajaj Auto: The Pune-based two-and-three-wheeler company has made a further investment of Rs 45.75 crore in Yulu Bikes, which is India’s largest shared electric two-wheeler mobility company. After the fresh investment, Bajaj Auto’s shareholding in Yulu Bikes now stands at 18.8 percent.

Tata Elxsi: The Tata Group company, through its NEURON product suite, announced a strategic partnership with Accuknox, the developer of NIMBUS. This strategic partnership helps operators roll out secure 5G networks with inline mitigation and makes the network future-ready for 6G.

Olectra Greentech: The Consortium of Olectra Greentech and Evey Trans (EVEY) has received a Letter of Award (LOA) from Brihan Mumbai Electric Supply & Transport Undertaking (BEST) for the supply, operation, and maintenance of 2,400 electric buses on a gross cost contract basis. These buses, valued at Rs 4,000 crore, will be delivered over 18 months.

Ramkrishna Forgings: The rolled, forged, and machined product maker has received board approval for the commencement of manufacturing and supplies from the company’s Mexico location. The board has also approved an investment of up to Rs 90 crore to establish a facility to manufacture components in the PV/LV segment.

Dilip Buildcon: The infrastructure company has executed the concession agreement with the Public Works Department, Government of Goa. The company will do the construction of observatory towers and viewing galleries, including approaches, decorative lighting, and parking for the New Zuari Bridge on the Panjim-Mangalore section of DBFOT Mode in Goa. The project cost is Rs 270.07 crore.