{"id":41225,"date":"2025-01-03T08:51:42","date_gmt":"2025-01-03T03:21:42","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=41225"},"modified":"2025-01-03T08:51:42","modified_gmt":"2025-01-03T03:21:42","slug":"gift-nifty-indicates-a-negative-start-for-the-indian-stock-indices-the-us-markets-ended-lowerled-by-tech-stocks-the-asian-markets-traded-mixed","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-negative-start-for-the-indian-stock-indices-the-us-markets-ended-lowerled-by-tech-stocks-the-asian-markets-traded-mixed\/","title":{"rendered":"Gift Nifty indicates a negative start for the Indian stock indices; The US markets ended lower,led by tech stocks; The asian markets traded mixed"},"content":{"rendered":"\t\t
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PRE-MARKET REPORT<\/strong><\/span><\/p>

The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday tracking mixed global market cues.<\/span><\/p>

Gift Nifty was trading around the 24,190 level, a discount of nearly 92 points from the Nifty futures\u2019 previous close, indicating a negative start for the Indian stock market indices.<\/span><\/p>

The US stock market ended lower on Thursday amid choppy trading, weighed down by tech stocks. The Dow Jones Industrial Average declined 151.95 points, or 0.36%, to 42,392.27, while the S&P 500 fell 13.08 points, or 0.22%, to 5,868.55. The Nasdaq Composite closed 30.00 points, or 0.16%, lower at 19,280.79.<\/span><\/p>

Asian markets traded mixed on Friday, contrasting with overnight losses on Wall Street. Japan markets are closed for a holiday. South Korea\u2019s Kospi index rallied 1.41% and the Kosdaq gained 1.33%. Hong Kong\u2019s Hang Seng index futures indicate a lower opening.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u00a0STOCKS TODAY<\/strong><\/span><\/p>

RITES:<\/strong> RITES Ltd, a Navratna CPSE under the Ministry of Railways, has won a contract valued at \u20b969.78 crore (excluding GST) from Steel Authority of India Ltd (SAIL) for extensive repairs of 43 WDS6 locomotives at the Bhilai Steel Plant. The project, part of the “R3Y\/R6Y Repair of WDS6 Locomotives” initiative, will span three years and involve comprehensive locomotive maintenance.<\/span><\/p>

Avenue Supermarts:<\/strong> Avenue Supermarts, the operator of DMart stores, posted a 17.5% rise in standalone revenue to \u20b915,565.23 crore in Q3 FY25, up from \u20b913,247.33 crore a year ago. As of December 31, 2024, the company operated 387 stores, showcasing its expanding footprint.<\/span><\/p>

Hero MotoCorp:<\/strong> Hero MotoCorp, India\u2019s top two-wheeler manufacturer, recorded a 7.5% increase in total sales to 59,11,065 units in 2024, driven by strong demand for motorcycles, scooters, and EVs. However, December 2024 sales saw a 17.5% YoY decline to 3,24,906 units, with domestic sales falling 22% but exports surging by 91% YoY to 30,754 units.<\/span><\/p>

NHPC:<\/strong> NHPC Ltd, India\u2019s largest hydropower company, announced the receipt of its second on-account gross payment of \u20b9250 crore under its Mega Insurance Policy. This payout addresses business interruption losses due to the October 2023 flash flood at its 510 MW Teesta-V Power Station.<\/span><\/p>

Varun Beverages:<\/strong> Varun Beverages, a key PepsiCo bottler, has invested \u20b9413 crore to acquire an additional 2.42% stake in its South African subsidiary, The Beverage Company Proprietary Ltd (Bevco). The investment will support debt repayment and enhance Bevco\u2019s balance sheet for future growth.<\/span><\/p>

Wockhardt:<\/strong> Wockhardt Ltd has received CDSCO approval for Miqnaf (nafithromycin), a new ultra-short course treatment for Community-Acquired Bacterial Pneumonia (CABP). The once-a-day, three-day treatment is effective against multi-drug-resistant pathogens and significantly advances CABP management.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"PRE-MARKET REPORT The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open lower on Friday…","protected":false},"author":5,"featured_media":37952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,692,693,23],"class_list":{"0":"post-41225","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-opening-bell","10":"tag-pre-market","11":"tag-stock-market","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nGift Nifty indicates a negative start for the Indian stock indices; 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