Asian markets traded higher on Tuesday, following an overnight rally on Wall Street.
US stock market ended higher on Monday, driven by gains in technology stocks.
Here's a table showing how US stocks performed on Monday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 324.4 | 1.3 | 0.40% | 327.74 | 317.7 | 350.15 | 142.66 |
| Apple | 274.62 | -3.24 | -1.17% | 278.2 | 271.7 | 288.61 | 169.21 |
| Meta | 677.37 | 15.91 | 2.41% | 683.31 | 658.78 | 796.25 | 479.8 |
| Tesla | 417.32 | 6.21 | 1.51% | 421.25 | 407.29 | 498.82 | 214.25 |
| Netflix | 81.47 | -0.73 | -0.89% | 82.21 | 79.87 | 134.12 | 79.22 |
| Amazon | 208.72 | -1.6 | -0.76% | 212.81 | 203.35 | 258.6 | 161.43 |
| Microsoft | 413.72 | 12.57 | 3.13% | 414.89 | 400.87 | 555.45 | 344.79 |
| Dow Jones | 50135.87 | 20.2 | 0.04% | 50219.4 | 49837.45 | 50219.4 | 36611.78 |
| Nasdaq | 25268.14 | 192.37 | 0.77% | 25337.54 | 24876.28 | 26182.1 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 310 points higher, and the NSE Nifty is trading 76 points higher.
Axis Bank, NTPC, and TCS are among the top gainers today.
HCL Tech, HDFC Bank, and Infosys, on the other hand, are among the top losers today.
The BSE Midcap index is trading 3.8% higher, and the BSE Smallcap index is trading 4.6% higher.
Sectoral indices are trading mixed today, with stocks in the metal sector and oil & gas sector witnessing selling pressure. Meanwhile, stocks in the banking sector and services sector witnessed buying.
The rupee is trading at Rs 90 against the US dollar.
Ceigall India Secures Major Solar Project
Infrastructure company Ceigall India Ltd announced that it has received a Letter of Award (LOA) from Rewa Ultra Mega Solar Ltd for the development of Unit 1 at the Morena Solar Park in Madhya Pradesh.
The project involves setting up a 220 MW solar power facility along with Battery Energy Storage Systems (BESS). It is a tariff-based project with a quoted tariff of Rs 2.70 per kWh.
The total project value, including GST, is approximately Rs 17billion (bn). The LOA has been awarded by a domestic entity.
The project is scheduled to be executed over a construction period of 24 months, followed by an operational period of 25 years.
Marico Acquires Majority Stake in Skinetiq
Marico on Monday said its wholly owned subsidiary, Marico South-East Asia Corporation, will acquire a 75% stake in Vietnam-based direct-to-consumer company Skinetiq through an all-cash deal.
The acquisition values Skinetiq at around Rs 3.5 bn. Skinetiq owns the digital-first skincare brand Candid and has exclusive rights to sell the skincare brand Murad in Vietnam.
The deal will be carried out in two stages. In the first stage, Marico will pay Rs 2.22 bn to acquire 75% of the shares. In the second stage, it will pay Rs 0.39 bn, subject to certain conditions under the agreement.
Marico said the acquisition supports its long-term strategy to build a strong premium beauty business in Vietnam. It will also help Marico benefit from the country's fast-growing D2C beauty market and operational synergies.
NTPC Green Commissions Khavda Solar Capacity
Shares of NTPC Green Energy Ltd came into focus after the company declared commercial operations of the eleventh part capacity of 14.43 MW out of the 1,255 MW Khavda-I Solar PV project in Gujarat.
The current commercial capacity of the NTPC Green Energy Group stands at 8,813.25 MW.
With the addition of this capacity, the total installed capacity of the NTPC Green Energy Group will increase to 8,827.68 MW.
NTPC Green Energy focuses on developing, building, owning, operating, and maintaining utility-scale grid-connected renewable energy projects, primarily in solar and wind power, through both organic growth and inorganic acquisitions.
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