TUESDAY
07-JAN-2025
Bears on the ride-if Bulls can hold 23550 (pivot) then it may restrict further fall-Sensex weekly Expiry
FLAT to POSITIVE
Today’s Market Prediction:
Indian stock market Would open POSITIVE
Technically, Nifty is in the Bearish zone- BankNifty is in the Positive zone
Nifty index formed a long bearish candlestick pattern on the daily timeframe.
India VIX fell by 15.58 percent to 15.65 levels.
Power Grid Corporation of India:The company has been declared the successful bidder for two projects to establish the interstate transmission system on a build, own, operate, and transfer (BOOT) basis.
Bharti Airtel:The company has entered into a Share Purchase Agreement with iBUS Network and Infrastructure for the transfer of its entire 50% stake in Firefly Networks. After the transfer of the 50% stake, Firefly will cease to be a joint venture of the company.
Vakrangee:The company has renewed its agreement with the Bank of Baroda to continue offering business correspondent (BC) banking and comprehensive financial inclusion (FI) services across Pan India through Vakrangee Kendra outlets.
Stocks in NEWS:-
NESCO:The National Highways Logistics Management has declared the company as the highest bidder and has accepted its proposal for developing, operating, and maintaining Wayside Amenities in the South Zone on the Bengaluru-Chennai Expressway Corridor (Phase II) section on a lease basis.
Caplin Point Laboratories:The company has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration (FDA) for the recent inspection conducted at Caplin Steriles’ injectable and ophthalmic manufacturing facility at Gummidipoondi, Tamil Nadu.
Ashoka Buildcon:The company's subsidiary, Ashoka Bowaichandi Guskara Road, has executed a concession agreement with the National Highways Authority of India (NHAI) for the development of a 4-lane Economic Corridor in West Bengal under the Hybrid Annuity Mode.
Vodafone Idea:The company has entered into a Share Purchase Agreement with iBUS Network and Infrastructure for the transfer of its entire 50% shareholding in Firefly Networks, for Rs 4.5 crore. Post the transfer of shareholding, Firefly will cease to be a joint venture of the company.
Coal India:The company has executed a non-binding Memorandum of Understanding (MoU) with IREL (India), a public sector undertaking, to cooperate and collaborate for the development (mining, extraction, refining, etc.) of mutually agreed assets of critical minerals, including mineral sands and rare earth elements (REE), by acquiring assets or sourcing raw materials domestically or internationally.
Dynamic Services and Security:The company has received a work order worth Rs 476 crore from Orion Security Solutions.
InterGlobe Aviation:The Principal Commissioner of Customs, Air Cargo Complex (Import), has imposed a penalty of Rs 2.17 crore on IndiGo. The customs officer has denied the duty exemption on the import of aircraft parts. The company is in the process of contesting this order before the appropriate appellate authority.
Piramal Pharma:The Board has approved the appointment of Sai Ramana Ponugoti as Chief Executive Officer (CEO) - India Consumer Healthcare, effective January 6. Consequently, Sarosh Shetty ceases to be the interim CEO of India Consumer Healthcare.
Rudra Gas Enterprise:The Ministry of Corporate Affairs has approved the incorporation of the company's subsidiary, Rudra Global Green Energy.
NMDC:The Steel Ministry has proposed the merger of KIOCL with NMDC to the Finance Ministry, quoting sources. NMDC aims to export iron ore pellets from KIOCL after the proposed merger.
Bharat Petroleum Corporation (BPCL):The company has issued a clarification on news reports that Maharashtra Natural Gas (MNGL) is preparing to list through an initial public offering (IPO) of over Rs 1,000 crore.
