Tuesday, 02 January 2024 12:17 GMT

IDFC First Bank To Adani Ports: Indian Market Set For Higher Open Stocks To Watch Today


(MENAFN- AsiaNet News)

Share Market Today: Amid mixed global cues and US tariff policies, the Indian stock market is likely to open higher today. Following a positive close on Friday, several stocks will be in the news today due to various corporate announcements.

Share Market Today:Following positive global cues after the US Supreme Court struck down broad tariffs, Indian benchmark indices, Sensex and Nifty 50, are likely to open higher on Monday.

Gift Nifty trends also suggest a gap-up start for the Indian benchmark index. Gift Nifty was trading around the 25,748 level, a premium of about 163 points from Nifty futures' previous close.

On Friday, the Indian stock market ended higher, with the benchmark Nifty 50 closing above the 25,500 level. The Sensex rose 316.57 points (0.38%) to 82,814.71, while the Nifty 50 gained 116.90 points (0.46%) to 25,571.25.

IDFC First Bank: Reported that some employees were involved in fraudulent transactions worth ₹590 crore. State Bank of India: Aims to boost its green loan share to 7.5-10% by 2030.

Adani Ports and SEZ: Adani Gangavaram Port Ltd signed an MoU with NMDC Ltd and Vale SA to set up an iron ore facility. ICICI Bank: Received an order from Maharashtra GST upholding a tax demand of ₹50.38 crore.

Highway Infra: The company received a contract worth ₹154.59 crore from NHAI to operate a toll plaza in Gujarat. Bharti Airtel: Launched an AI and Cyber Threat Research Center in India with Zscaler.

UPL: The board approved a group restructuring plan to unlock shareholder value by creating a dedicated crop protection platform. Railtel Corporation of India: Received an LoI from IGR in partnership with Ashoka Buildcon.

Allcargo Terminals: The company handled 63,400 TEUs in January, an 8% year-on-year increase, though it was a 5% decrease from the previous month.

Vikram Solar: Signed a ₹2000 crore deal with Jupiter International for 2 GW of solar cells. Note: Stock market investing is risky. This report is for info only. Consult experts before investing.

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