Stock Market Live Update: Nifty Above 26,200, Sensex Up 300 Points; Devyani International, ITC Shares In Focus
Sapphire Foods, Devyani International, Vodafone Idea, Ola Electric, NLC India are some of the stocks in focus.
KEY HIGHLIGHTS
Industrials Poised For Next Upcycle, Says Jefferies, Backs Power And Defence Plays
India’s capital-expenditure cycle is showing fresh strength, and Jefferies believes the industrials theme could stay in focus despite a soft start to 2025.
The brokerage notes that while industrial stocks opened 2025 on a weak footing, sentiment turned after the Union Budget signalled moderating — not declining — capex growth. As companies delivered better-than-expected earnings, several names retraced or surpassed their 2024 highs. Jefferies now expects infra and industrial capex to clock 10% CAGR over FY26E–29, compared with around 6% in FY24–26.
PMI Data For December
HSBC India Manufacturing PMI at 55 versus 56.6 in November.
HSBC India Manufacturing PMI off 55 lowest in two years.
L&T Shares In Focus After Order Win
The shares of L&T were in focus after it won an order worth Rs 5,000-10,000 crore for minerals and metals business drom SAIL and other customers.
The order is for engineering projects and products.
Stock Market Live Today: Olectra Greentech Management Revises Delivery Guidance
Olectra GreenTech management revises delivery guidance on Friday. Watch what MD Mahesh Babu told NDTV Profit.
Ola Electric Share Price Live: Stock At 1-Month High
Ola Electric Ltd. is in focus after it reported a sharp uptick in market share in December. The EV player's shares are trading over 8%, with the price at Rs 40.63 apiece.
As per the company, the uptick in market share is driven by its service transformation programme and improved customer experience.
