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The Sensex closed 0.04 percent higher, while Nifty gained 0.15 percent at the end of the day
Among sectors, except bank and FMCG, all other indices are trading in the green with the Auto index up 1% and realty up 2.5%.
Tech stocks went on a rally today with strong buying ahead of the IT giants Infosys, and Tata Consultancy Services declaring their December quarter earnings later in the week and hopes of rate reversal by major central banks.
The rupee ended at 83.1150 against the U.S. dollar, not much changed compared to its close at 83.1375 in the previous session.
STOCKS TODAY
Tata Motors: The stock gained 1.5 percent after the company’s Jaguar Land Rover (JLR) division recorded the highest wholesale figures for 11 quarters in the October-December period. JLR’s sales in the December quarter were up 27 percent YoY.
Adani Group of companies: plans are on to invest in renewable energy, cement, data centers, and city gas distribution, also signed memorandums of understanding (MoUs) with the Tamil Nadu government during a global investors meet on January 8. Adani Ports, Adani Enterprises, Adani Power, Adani Energy Solutions, Adani Total Gas, and Adani Green Energy gained 1-3 percent.
IRB Infra: Shares of IRB Infrastructure Developers gained 8 percent and hit a 52-week high after the company reported a 26 percent YoY growth in toll collection at Rs 488 crore in the December quarter.
Larson & Toubro: stock gained 1.68 percent after the company won an order to develop AIIMS in Haryana. Larsen & Toubro Construction’s buildings and factories business secured the “significant” order from HITES, a mini-Ratna PSE under the health and family welfare ministry, it said.
Gensol Engineering: Shares of Gensol Engineering gained 3.26 percent after the company executed a Rs 2,000-crore MoU with the Gujarat government to manufacture electric vehicles.
Lemon Tree Hotels: The stock surged 2 percent after the company announced signing a new property in Meerut, Uttar Pradesh. The hotel is expected to be operational from FY25, the company said.
Bharat Forge Ltd: Shares gained nearly 3 percent after the company announced a partnership with the Tamil Nadu government to invest up to Rs 1,000 crore over the next five years for expanding its manufacturing operations in the state.