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As of 3:33 p.m., the Dow Jones Industrial Average and S&P 500 futures declined 0.22% and 0.24% down, respectively. The Nasdaq 100 futures was 0.22% down.
US: House Price Index — 7:30 p.m.
Market breadth was skewed in favour of sellers. Around 2,619 stocks declined, and 1,498 stocks advanced, and 150 stocks remained unchanged on BSE.
The NSE Nifty 50 snapped a two-day gaining streak. It ended 0.71% down.
The BSE Sensex reversed gains to end 0.57% down.
Adani Enterprises Ltd. and HCLTech Ltd. were top contributors to the Nifty 50 index.
HDFC Bank Ltd. and ICICI Bank Ltd. were top draggers in the Nifty 50 index.
The NSE Nifty Media declined the most and the NSE Nifty Pharma rose the most.
The NSE Nifty Midcap 150 ended 0.18% higher.
The NSE Nifty Smallcap 250 ended 0.43% down.
Refex Industries Ltd. board has approved the dilution of a 33% stake in VRPL through the dilution, sale, or transfer of equity, according to an exchange filing.
KEC International Ltd. has secured new orders worth Rs 1,073 crore across various business verticals, as per an exchange filing.
Markets across eurozone opened in red in the last full trading session of 2024. Losses in Asia shares weighed on the European markets. The Euro Stoxx 50 and FTSE 100 declined 0.40% and 0.39%, respectively as of 2:13 p.m.
Most Asian stocks ended lower on Monday. The KOSPI ended 0.22% down at 2,399.49 as industrial production data disappointed street. The country also witnessed deadliest passenger flight crash on Sunday in past two decades.
The Nikkei 225 and Hang Seng ended 0.96% and 0.10% down, respectively. The S&P ASX 200 was 0.32% down.
Easy Trip Planners has opened a new franchise store in Chhattisgarh, according to an exchange filing.
Vakrangee has entered into a pact with Shriram Life Insurance to offer life insurance products, as per an exchange filing.
KEC International Ltd. has sold its cables business to KEC Asian Cables for Rs 125 crore, according to an exchange filing.
JSW Energy Shares Rise Most In Two Months After Largest Acquisition Bags Analysts' Thumbs Up
Aurionpro Solutions has secured a Delhi Metro project for the implementation of Automated Fare Collection technology and the supply of manufactured solutions, as per an exchange filing.
Aether Industries has announced the execution and commissioning of a 15 MW solar power project, expecting the project to deliver annual energy cost savings exceeding Rs 15 crore, according to an exchange filing.
Senores Pharmaceuticals Ltd. made its market debut with a listing price of Rs 600 on the NSE, significantly higher than the issue price of Rs 391, reflecting a premium of 53.5%. On the BSE, the stock opened at Rs 593.7, also above the issue price of Rs 391, marking a premium of 51.8%.
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Vodafone Idea Share Price Rises As Government Waives Bank Guarantees For Past Spectrum Auctions
Market breadth was skewed in favour of sellers. Around 1,757 stocks declined, 1,395 stocks advanced, and 161 stocks remained unchanged on BSE.
At pre-open, the NSE Nifty 50 was 0.07% or 16.50 points down at 23,796.90, and the BSE Sensex was 0.08% or 61.17 points down at 78,637.58.
The yield on the 10-year bond opened flat at 6.78%. It closed at 6.78% on Friday, according to data on Bloomberg.
Rupee Strengthened 6 paise to open at 85.48 against the dollar. It closed at 85.54 on Friday, according to data on Bloomberg.
Initiates Underweight rating with a target price Rs 450, which implied a16% downside
Share price up 105% since Nov-24 listing, find risk-reward unattractive
High market share in core tolling business, see limited TAM and limited upside to growth
External risk factor around merchant discount rate visibility unclear on medium-term growth and margins
Optionality from new services still in early monetization phases and yet to be proven
Co has built niche and competitive moats in a large fragmented market
Core business (tolling, telematics) has potential to deliver ~24% CAGR FY25-27
Investment in HDFC Bank to be reintroduced in Asia ex Japan long-only portfolio with 4% weighting
Investment to be paid via reducing investments in Macrotech, L&T, ICICI bank and Axis bank by 1% each
Investment in Siemens India to be introduced with a 4% weighting
Crude oil prices extended gains to a second day on Monday as investors assess outlook for 2025. The February future contract was trading 0.11% higher at $74.25 a barrel as of 7:52 a.m.
Motilal Oswal Financial Services Ltd. maintained a 'Buy' on JSW Energy Ltd. at Rs 810 target, which implied a 29% upside
View On Latest Acquisition:
Acquisition of 4.7 GW of high quality assets unlocks Rs 57 in value
Full transmission connectivity, signed PPAs provides confidence about timely capacity execution
Higher potential savings due to inhouse EPC and O&M services
Potential rise in leverage not a major concern due to strong operating cash flow
US Markets ended lower on Friday as technology stocks declined. The Dow Jones Industrial Average and S&P 500 ended 0.77% and 1.11% down, respectively. The Nasdaq Composite ended 1.49% down.
Most Asian Stocks Decline After US Tech Losses: Markets Wrap
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