The Nifty 50 and Sensex pared gains from day's high. (Photo source: Envato)
12 months ago
Feb 19, 2025
The GIFT Nifty was trading above 22,900 early on Wednesday. Container Corp., Indian Renewable Energy Development Agency Ltd., and Larsen & Toubro Ltd. stocks will be in focus. The GIFT Nifty was trading 0.02% or 4.50 points down at 22,967.50 as of 6:45 a.m.
As of 3:30 p.m., the Dow Jones Industrial and S&P 500 futures were trading 0.05% and 0.04% higher, respectively. The Nasdaq 100 futures was 0.06% higher.
Most share indices in the Eurozone were trading on a mixed note as traders parsed UK CPI data. UK's headline inflation rose 3% on the year in January against 2.8% estimated by analysts.
The Euro Stoxx 50 and DAX were trading 0.05% and 0.29% higher, respectively. The FTSE 100 and CAC 40 were trading 0.19% and 0.10% down, respectively as of 1:49 p.m.
PVR Inox Ltd. intends to challenge the Bangalore district consumer redressal commission that ordered to pay Rs 1.2 lakh to a customer for long advertisements.
The company believes that it has a "strong" case and reiterated that it did not engage in unfair trade practices, according to a statement. "Have always adhered to legal and regulatory requirements"
The Bangalore consumer court had levied Rs 1.2 lakh penalty on PVR to be paid to customers who argued long advertisements ahead of movie screenings.
Jefferies Research is optimistic on Indian two-wheeler companies despite some moderation in growth this year — with firms seeing divergent growth. The brokerage also is cautious on Ola Electric Ltd., given the losses in market share.
Tata Consultancy Services has partnered with MassRobotics in North America to drive innovation in the robotics sector, the company said in an exchange filing.
Ola Electric Mobility Ltd. is renegotiating its agreements with Rosmerta Digital Services and Shimnit India, which has temporarily impacted February registrations. Despite this, sales remain strong, and the registration dip is expected to be streamlined in the coming weeks.
Oil future prices extended gains to a third session as the Organization of Petroleum Exporting Countries and its allies are mulling a postponement of supply increases.
Meanwhile, supplies from Kazakhstan to Black Sea will decline around 30% because of the repair work of the key pumping station in Russia due to Ukraine attack, Bloomberg reported.
Brent crude was trading 0.31% higher at $72.07 a barrel as of 8:01 a.m.
Most share indices in the Asia-Pacific declined on Wednesday as the US President Donald Trump threatened to impose more tariffs. He threatened that the US will impose tariff on automobiles, semiconductors, and pharmaceutical products around 25%.
The Nikkei 225 and Hang Seng were trading 0.29% and 0.57% down, respectively.