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As of 3:36 p.m., the Dow Jones Industrial Average and S&P 500 ended 0.17% and 0.25% higher, respectively. The Nasdaq 100 future was 0.30% higher.
Market breadth was skewed in favour of buyers. Around 2,323 stocks advanced, and 1,647 stocks declined, and 109 stocks remained unchanged on BSE.
The NSE Nifty 50 and BSE Sensex rose for nine years in a row.
The Nifty 50 logged over 8.80% gain compared to 20.03% gain in calendar year 2023.
Trent Ltd. and Mahindra & Mahindra Ltd. share prices are the top gainer in the Nifty 50 index.
The Indian benchmarks ended Tuesday's session on a muted note.
The NSE Nifty Midcap 150 ended 0.15% higher.
The NSE Nifty Smallcap 250 0.65% higher.
ITD Cementation India Ltd. has received an order worth Rs 1,648 crore for the construction of shore protection for the Greenfield Vadhvan Port in Maharashtra, according to an exchange filing.
Suzlon Energy Ltd. has received a favorable ruling from the Income Tax Appellate Tribunal against a Rs 87.6 crore penalty. The company had previously received the penalty order from the Income Tax Department for FY15-16, and as a result, the total penalty of Rs 260 crore levied for financial year 15-16 and FY16-17 has been cancelled, according to an exchange filing.
Most European markets were trading on a mixed note in the last session of 2024 without major trigger. Markets in Germany, Switzerland, and Italy are closed on Tuesday.
The Euro Stoxx 50 was up 0.02% up, and FTSE 100 was 0.02% down as of 1:54 p.m. The IBEX 35 was 0.15% higher.
Most share indices in the Asia-Pacific region ended lower in the last trading session of 2024 as China's disappointing factory data fanned concerns about the economic revival.
The CSI 300 and S&P ASX 200 ended 1.60% and 0.92% down, respectively. The Hang Seng ended 0.09% higher.
Venus Remedies Ltd. has received GMP certification from Moldova for its antibiotic-carbapenem facility, according to an exchange filing.
The Ramco Cements Ltd. has executed a sale agreement for the disposal of land for a consideration of Rs 68 crore, according to an exchange filing.
Waaree Renewable Technologies Ltd. has received an order for a 2 gigawatt solar project in Rajasthan from an special purpose vehicle of Jindal Renewables, according to a press release.
Indo Farm Equipment IPO: Check Day 1 Subscription Status, GMP, Price Band And More
Rail Vikas Nigam Ltd. has emerged as the lowest bidder for a project worth Rs 404 crore from East Coast Railway, according to an exchange filing.
Nomura kept a 'Buy' with a target price Rs 885, which implied a 38% upside.
Company signed a definitive agreement to acquire O2 Power for INR125bn
Portfolio consists of an overall locked-in capacity of 4.7 GW of renewable energy
Acquisition at attractive valuations of 7.1x/8.3x EV/EBITDA
Blended tariff for the portfolio of 4.7GW is INR3.37/unit, above industry avg
Expect the co to derive an equity IRR of 17%
KP Green Energy Ltd. has received multiple orders worth Rs 166 crore, according to an exchange filing.
Unimech Aerospace Shares List At 90% Premium Over Issue Price
Market breadth was slightly skewed towards sellers. Around 1,598 stocks declined, 1,226 stocks advanced, and 135 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.36% down at 23,560.60, and the BSE Sensex was 0.34% down at 77,983.57.
The yield on the 10-year bond opened flat at 6.76%. It closed at 6.77% on Monday, according to Bloomberg.
Rupee weakened by 5 paise to open at 85.59 against the US Dollar. It closed at 85.54 on Monday, according to data on Bloomberg.
Power demand growth turned positive in Nov- Dec after declining annually in Aug-Oct
India's 11M CY24 power demand normalized at 4.9%
Energy storage is becoming even more essential in the sector
2.3GW of renewable capacity added in Nov, 28 GW in 11M CY24
No thermal capacity commissioned since Feb'24; multiple plants near completion
Reliance Infrastructure Ltd. announced in an exchange filing that the joint venture Mumbai Metro One's rupee loan exposure has been assigned to National ARC by domestic lenders.
Rates underweight with a target price of Rs. 320
Adani Enterprises Ltd. to fully exit the JV, Wilmar to increase ownership to 75%
Divestment of 13% share in Adani Wilmar to achieve compliance with divestment of 13% share
Lence Pte ltd (WOS of Adani Wilmar entered into agreement with Adani commodities to acquire 31.06% stake in Adani Wilmar
Option price to be mutually agreed upon by the parties, subject to maximum price of Rs. 305
Adani Wilmar would acquire stake for Rs. 12,300 crore
Markets in China were trading lower in the last trading day of 2024 after data showed manufacturing activity did not expand in December. The purchasing manager's index came in at 50.1, compared to 50.3 in November. Analysts expected the PMI to stay same at the November level.
The CSI 300 and Shanghai Composite indices were trading 0.29% and 0.18% down, respectively.
Markets in Japan and South Korea are closed on Tuesday.
US benchmark indices extended losses to a third session as technology stocks continued to weigh after the Federal Reserve reduced rate cut projection for 2025. Moreover, treasuries rallied on Monday, which also weighed on the indices, Bloomberg reported.
On Monday, the Dow Jones Industrial Average and S&P 500 ended 0.97% and 1.07% down, respectively. The Nasdaq Composite ended 1.19% down.
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