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3:30 p.m., the Dow Jones Industrial Average and S&P Futures rose 0.28% and 0.42%, respectively. The Nasdaq futures rose 0.73%.
US: Core PCE Index — 7:00 p.m.
US: Employment Cost Index — 7:00 p.m.
US: Federal Reserve Governor Michelle Bowman will speak at the Northern New England CEO Summit, in New Hampshire — 7:00 p.m.
US: Personal Income & Spending — 7:00 p.m.
US: Chicago PMI — 8:15 p.m.
The NSE Nifty 50 and BSE Sensex rose for fourth day in a row.
The Nifty 50 and Sensex ended 1.11% and 0.97% higher, respectively.
The Nifty 50 and Sensex snapped a three-week declining streak.
The NSE Nifty Energy rose the most, while the NSE Nifty Pharma declined the most.
The NSE Nifty Midcap 150 ended 1.73% higher.
The NSE Nifty Smallcap 250 ended 1.70% higher.
Cost of solar batteries have been consistently going down allowing for multi- decade growth story
Business in US have been structured to be profitable on their own merit
Continuance of IRA in the US will help the company
Current order book also includes orders from Waaree Renewables Technologies
India has higher order velocity of 1-2 months, US based orders have higher gestation period of 18-24 months
Different gestation in orders is the reason why export revenue mix is lower in 9MFY25
Company’s order book has been growing month on month
Six GW ignot wafer plant is on track for target timeline
Company has been tapping into different solar adjacent industries
Recently won SECI bid for 90,000 ton green hydrogen production
Thomas Cook has signed a 24-month Memorandum of Understanding with the Moscow Tourism Development department, as disclosed in the company's exchange filing.
Lodha Vs Lodha: Siblings To Move Towards Mediation In Trademark Dispute
Ola Electric Share Price Surges After Launch Of Gen 3 Scooter
Indian stocks is likely to see a bounce-back soon after witnessing the second longest of the 10 corrections in the last decade if the Reserve Bank of India takes a pro-growth stance along with no tax surprise in the upcoming Budget, according to Jefferies.
Read full article here.
For more updates on India's Economic Survey for 2024–25 click here.
Economic Survey 2025: GDP Growth Estimated Between 6.3% And 6.8% For FY26
Nestle Q3 Highlights
Nestle India’s powdered and liquid beverages business was the largest growth contributor in December quarter, with Nescafe strengthening its leadership position. Nescafe achieved significant milestones, surpassing Rs 2,000 crore in retail business over the last year, and gaining market share by reaching 3.7 million new households. Nestle also expanded its distribution reach by 5% in the past year, aided by its urban strategy and a focus on ‘penetration-led growth.’
For faster updates on earnings click here.
Vodafone Idea received a Rs 363-crore tax penalty by the Pune Tax Authority for allegedly reversing input tax credit, as confirmed in the company's exchange filing.
Click here to track live earning updates.
Biocon Share Price Rises Despite Bleak Q3 Earnings
HCLTech and Microsoft have partnered with Cricket Australia to harness the power of General Artificial Intelligence and enhance the fan experience, according to an exchange filing.
KPI Green Energy Ltd. has secured new orders worth Rs 111.8 crore in January from multiple clients, as per its exchange filing.
Jindal Steel & Power Ltd.'s shares fell to an intraday low of almost 14% in trade on Friday, after the company posted weak earnings in the third quarter of financial year 2025.
Read the full article here.
Morgan Stanley on Friday upgraded its stance on two key consumer stocks— Titan Co. and Jubilant FoodWorks Ltd.— reflecting their resilience in a volatile consumption environment.
Gold price in India stood at Rs 81,410 per 10 grams as of 7:20 a.m. on Friday, according to the India Bullion Association. The prices had increased by Rs 690 when compared to Jan. 29. It had surged to a record high of Rs 83,750 per 10 grams in Delhi during the week.
Read the full article here.
Ola Electric Mobility are back to being No.1 with 25% market share, CEO Bhavish Aggarwal said.
The competition jumped the gun last month in claiming highest market share. Today, I can tell all our competition “ki hum aapse chaar kadam aage hain”, Aggarwal said.
Praj Industries Share Price Down On Weak Q3 Earnings
Budget session started on Friday. Prime Minister Narendra Modi will conduct his customary address to media ahead of the start of Parliament's budget session.
Finance Minister Nirmala Sitharaman will table the Economic Survey 2025 in Lok Sabha.
For live updates on budget session follow NDTV Profit's live blog.
Waaree Energies Stock Jumps 14% On Strong Q3 Results; CEO Highlights Rs 50,000 Crore Order Book
Market breadth was skewed in favour of buyers. Around 1,729 stocks advanced, 890 stocks declined, and 118 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.20% or 47.25 points higher at 23,296.75, and the BSE Sensex was 0.17% or 129.08 points higher at 76,888.89.
The yield on the 10-year bond opened flat at 6.68%.
It closed at 6.68% on Thursday.
Source: Bloomberg
Alert: The inclusion of Indian government bonds in the Bloomberg EM Local Currency Government indices will begin today.
FAR bonds will be included with an initial weight of 10% of their full market value on Jan. 31, 2025.
Rupee opened flat at 84.63 against the US dollar.
It closed at 86.62 on Thursday.
Source: Bloomberg
Maintain 'Buy' with a target price Rs 4,500, which implied a 15%
Ebitda at Rs 147 crore vs estimate of Rs 120 crore
Beat driven by higher specialty chemicals and domestic ref gas sales
Ramp-up of agro specialty plant, pickup in CDMO and commissioning of new R32 plant augur well
Raise FY25e/26e/27e Ebitda by 1%/18%/17% based on 3Q trends
Continue to value Navin at 25x Mar’26E EV/EBITDA
Maintain Buy with a target price Rs 370, which implied a 34% upside
All round beat, guidance intact
3QFY25 EBITDA was 51% above expectations
Margin strength gives confidence on profitability sustaining
Rs 71,100 crore order book (down 7% YoY), but 3x FY25 revenues
Believe exports should rise to 9% of sales byFY30E from 2-3% in FY24
Maintain Buy; Cut TP to Rs 3920 from Rs 3960
Third Review: Strong order inflow, margins remain muted
To deliver healthy double-digit revenue growth over the medium term
As execution mix shifts towards domestic, believe margins should also gradually improve
Markets in Japan and Australia were trading higher on Friday, tracking overnight moves on Wall Street. Meanwhile markets in most countries in the region were closed for lunar holiday.
The Nikkei 225 and S&P ASX 200 were trading 0.07% and 0.34% higher, respectively. The KOSPI was 1.22% down.
Share indices on Wall Street ended higher Thursday as Microsoft Corp beat revenue estimates, while Tesla said they are on track to roll out cheaper electric vehicle models.
On Thursday, the Dow Jones Industrial Average and S&P 500 were trading 0.38% and 0.53% higher, respectively. The Nasdaq Composite was 0.25% up.
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