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As of 3:27 p.m., S&P 500 and Nasdaq 100 future fell 0.05% and 0.14% down, respectively. The Dow Jones Industrial future remained flat.
All: OPEC-JMMC Meetings
US: Challenger Job Cuts YoY
US: Unemployment Claims
US: Trade Balance
US: Natural Gas Storage
UK: MPC Member Greene Speaks
Nifty and Sensex ends higher for a fifth session to record highest close in around a month
Intraday, the Nifty rose as much as 1.6% to 24,857.75, its highest level since October 22 and Sensex added as much as 1.68% to 82,317.74, its highest level since October 9.
Nifty ends 1.12% or 274.70 points higher at 24742.15
Sensex ends 1.19% or 961.90 points up at 81918.23
Broader indices underperformed. Nifty Midcap 100 ended 0.6% up; Nifty Smallcap 250 closed 0.48% higher
Most sectoral indices rose with Nifty IT recording its highest close
TCS and Infosys were top Nifty gainers
SBI Life and Bajaj Auto fell the most
Rupee closed flat at 84.73 against the US dollar.
It closed at 84.73 on Wednesday.
Source: Bloomberg
Consumer Durables Stocks To Benefit From Real Estate Demand, Premiumisation, Says Goldman Sachs
Aurobindo Pharma arm Eugia has received US FDA final approval for Pazopanib Tablets. It expects to launch tablets in Q4 FY25, an exchange filing said.
Vaibhav Bhanchawat has resigned from the post of Marico's COO - India & Foods Business, an exchange filing said. Ashish Goupal will be designated as CEO – India Core Business and CFO Pawan Agrawal will be designated as Group CFO & CEO- International Business.
Hong Kong's Hang Seng and South Korea's Kospi ended 0.9% down, while Japan's Nikkei and Australia's ASX 200 rose 0.3% and 0.15% respectively.
Q2 GDP Growth Estimate May Be Revised Upwards: Chief Economic Advisor
NBCC Share Price Spikes After Unit Wins Order Worth Nearly Rs 600 Crore
Hyundai Motor Gets 'Underperform' From BofA, Brokerage Says No Catalysts For Upside
Shriram Finance Among Jefferies' Top Picks On Steady Growth Outlook, Asset Quality
Bharat Forge Share Price Snaps Rising Streak After QIP Launch
Bajaj Auto Clarifies On UBS' Price Cut Claim On Freedom 125
Adani Energy has got a letter of intent from REC for 20 GW Power evacuation project In Rajasthan. It is subject to certain conditions and binding agreements, an exchange filing said.
The media sector in India continues to face a challenging advertising environment, but CLSA's latest report highlights several stocks that are poised for recovery, with PVR Inox, Zee Entertainment, and DB Corp emerging as key players.
IPO-bound IKS Health, a healthcare solutions provider backed by prominent investor Rekha Jhunjhunwala, faces allegations of oppression and mismanagement, as per people in the know and a court filing. The allegations stem from a petition filed by two minority shareholders at the National Company Law Tribunal in Mumbai.
Adani Bond Portfolio's Liquidity Stable, Short-Term Papers Attractive, Says JPMorgan
Indus Towers To See 'Compelling' Dividend Yield After Vodafone Group's Exit
Hero MotoCorp Goes Electric—Here's What Morgan Stanley Thinks
At pre-open, Nifty was at 24539.15, up 0.29% or 71.70 points and Sensex was at 81183.70, up 0.28% or 227.37 points.
-The yield on the 10-year bond opened flat at 6.68%.
-It closed at 6.68% on Wednesday.
Source: Bloomberg
-Rupee opened flat at 84.74 against the US dollar.
-It closed at 84.73 on Wednesday.
Source: Bloomberg
Bernstein has rated 'outperform' with target of Rs. 335, implying 20% upside and said the company has a a wider city presence than Swiggy. It has deeper penetration in Tier2+ cities triving higher monthly transacting users while Swiggy has higher frequency of users. Blinkit has 1.5 times higher monthly transacting users than instamart, it said.
Citi has opened 90-day positive catalyst watch on Indus Towers with a target of Rs 485, implying 35% upside as Vodafone plans to sell balance 3% stake on Indus Towers for Rs 27-28 billion and expects Rs 19-20 billion to be infused by Vodafone PLC into Vodafone Idea for clearing past dues of Indus. The brokerage said, Indus could declare a dividend of Rs 7 per share due to Vi repayments and dividend could be 6% in FY26-27 making it compelling investment proposition.
Bitcoin Hits $100,000 In Highly Anticipated Crypto Milestone
At 8:27 a.m., February futures contract of Brent Crude was 0.06% higher at $72.35 a barrel and January futures contract of WTI Crude was 0.1% higher at $68.62 a barrel. Market participants expect OPEC+ to extend supply cuts in its meeting to be held later Thursday.
Asian Stocks Rise To Record On Powell, Bonds Gain: Markets Wrap
Three benchmark indices in the US hit fresh record highs after the Federal Reserve Chair Jerome Powell said the economy is stronger than what the central bank expected in September. Dow Jones advanced 308.51 points, or 0.69%, to 45,014.04, S&P 500 gained 0.61% to close at 6086.49, while Nasdaq Composite advanced 1.3% to close at 19,735.12.
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