Indian shares are likely to start Thursday lower after a weak showing in the pre‑market Gift Nifty, which fell about 0.16% to 26,184.
Market outlook
Yesterday, the main indices fell for the third day in a row. The Sensex dropped 102 points to 84,961 and the Nifty 50 slipped 38 points to 26,141. Smaller‑cap indices did a little better, with mid‑cap up 0.47% and small‑cap up 0.12%.
Analysts say investors are being careful because global cues are mixed and geopolitical tensions are still high.
Stocks to watch
- Infosys – The IT giant teamed up with Cognition to roll out the AI tool Devin to more companies worldwide.
- Tata Steel – Reported its best‑ever quarterly output in India, producing 6.34 million tonnes of steel, a 12% rise.
- HUDCO – Signed a non‑binding agreement with Chhattisgarh to help fund housing and infrastructure projects worth up to ₹1 lakh crore over five years.
- Angel One – Board meeting on Jan 15 will discuss a possible stock split, the first interim dividend for FY 2025‑26, and December earnings.
- Eternal – Parent of Zomato and Blinkit faced a GST demand of ₹3.69 crore for the 2019‑20 period.
- Gland Pharma – Got US FDA approval for its eye‑drop product Olopatadine Hydrochloride, considered equivalent to Pataday.
- IndiGo – Competition Commission is probing the airline after recent flight cancellations to see if any unfair practices occurred.
- Midwest – Received a lease to mine coloured quartzite blocks in Andhra Pradesh’s Prakasam district.
- Adani Green Energy Twenty Five B Ltd – Signed an agreement to supply 20.8 MW of solar‑wind hybrid power to Asahi India Glass.
- IRB Infrastructure Developers – Reported a 12% rise in toll collections in December, reaching ₹753.8 crore.
Disclaimer
These notes are for educational purposes only. They are not investment advice. Please do your own research or talk to a financial adviser before making any decisions.