As of 3:26 p.m., futures contracts of Dow Jones Average and S&P 500 futures were trading 0.11% and 0.28% higher, respectively. The Nasdaq 100 futures contract was 0.48% higher
UK: BOE Quarterly Bulletin
US: Consumer Confidence
-Rupee closed 10 paise weaker at 85.12 against the US dollar.
-It closed at 85.02 on Friday.
Source: Bloomberg
Nifty and Sensex fell snap five-session fall
Intraday, both the indices had gained more than 1%.
Nifty ends 0.7% or 165.95 points up at 23753.45
Sensex ends 0.64% or 498.58 points higher at 78540.17
Broader indices underperformed. Nifty Midcap 100 ended 0.3% up; Nifty Smallcap 250 closed 0.4% lower
Except Nifty Auto and Media, all sectoral indices rose
ITC and JSW Steel were top Nifty gainers
Hero MotoCorp and Maruti Suzuki fell the most
Arm Adani Defence Systems Signs Share Purchase Agreement With Air Works India
Arm Adani Defence Systems Acquires 85% Stake In Air Works India For Rs 400 Crore Enterprise Value
Source: Exchange Filing
On account of the presentation of the Union Budget, Exchange shall be conducting live trading session on February 01, 2025, as per the standard market timings applicable for morning session, NSE said.
European indices fell in the early trade, bucking the trend in global markets. Investors also assessed UK's GDP which showed no sequential growth in the third quarter. At 2:44 p.m., pan European Stoxx 50 fell 0.2%, UK's FTSE 100 traded 0.15% down, Germany's DAX lost 0.1%, France's CAC 40 0.2%, and Spain Ibex 35 lost 0.3%.
Indices in the Asia-Pacific region ended the first day of Christmas week on a positive note tracking overnight gains in the US and updates on Nissan-Honda merger. Japan's Nikkei closed 1.2% higher, Australia's ASX 200 1.7% up, South Korea's Kospi rose 1.6%, and China's CSI 300 was 0.15% higher.
Eco Recycling board has approved raising funds Via QIP, an exchange filing said.
Bumper Listings Incoming: What GMP Trends Of Mamata Machinery, DAM Capital And Other IPOs Indicate
Unimech Aerospace And Manufacturing IPO: Should You Subscribe? Read Reliance Securities' Analysis
Praj Industries announced that the Hon’ble Minister Shri Nitin Gadkari inaugurated India’s first national highway using BioBitumen, a product developed by the company, as per their exchange filing.
Linc Shares Tumble Nearly 10% On Bonus Allotment To Shareholders
Reliance Jio net lost 37.6 lakh mobile subscribers
BSNL net addition of mobile subscribers at 5 lakh
Bharti Airtel net addition of mobile subscribers At 19.3 lakh
Vodafone Idea net lost 19.8 lakh mobile subscribers
Source: Bloomberg
Stocks To Buy Today: Cipla, Jupiter Wagons, Raymond Lifestyle And More
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Tata Steel, JSW Steel To Benefit Most If Industry's Appeal Implemented As DGTR Starts Probe, Says Investec
A few things have not worked out for India's largest private sector bank — HDFC Bank Ltd. Analysts, though, might argue it is little more than a few things. To begin with, the merger didn't bring the synergies and scale expected by the street. It is taking its own time!
Read here.
Sagility India Share Price Falls After Hitting Highest Since Listing, Recovers Soon
Vedanta Share Price Snaps Six-Day Fall Streak On Demerger Revision
Siemens Gets A Downgrade And Target Price Cut On Order Flow Concerns
At pre-open, Nifty 50 was at 23738.20, 0.64% or 150.70 points higher and Sensex was at 78490.19. up 0.57% or 448.60 points.
-The yield on the 10-year bond opened flat at 6.79%.
-It closed at 6.79% on Monday.
Source: Bloomberg
-Rupee opened flat at 84.85 against the US dollar.
-It closed at 84.85 on Friday.
Source: Bloomberg
Motilal Oswal has reiterated 'buy' on Siemens' stock and has revised its target to Rs 8,000. It maintains selective outlook toward HVDC projects with VSC technology and said most upcoming HVDC projects are likely to be on LCC technology The brokerage believes weak inflow for ex-Energy to weigh on near term performance.
Asia-Pacific markets were trading higher on Monday, tracking Friday's overnight gains on Wall Street following positive economic data and in anticipation over developments in the Nissan and Honda Motor merger. At 8:27 a.m., South Korea's Kospi rose 1.4%, China's CSI 300 rose 0.8%, Australia's ASX 200 was 1.3% up, and Japan's Nikkei rose 0.9%.
On Friday, US indices rose after Personal Consumption Expenditure data came lower than expected in November. The Dow Jones Industrial Average and S&P 500 ended 1.18% and 1.09% higher, respectively. The Nasdaq Composite ended 1.03% higher.
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