Asian markets traded sharply lower on Monday amid surging crude oil prices due to the war in the Middle East.
US stock market ended lower on Friday after disappointing US labour market data and a 12% spike in US oil prices due to the escalating conflict in the Middle East.
Here's a table showing how US stocks performed on Friday:
Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
Alphabet | 298.3 | -2.61 | -0.87% | 300.33 | 295.25 | 350.15 | 142.66 |
Apple | 257.46 | -2.83 | -1.09% | 258.77 | 254.37 | 288.61 | 169.21 |
Meta | 644.86 | -15.71 | -2.38% | 649.47 | 636.11 | 796.25 | 479.8 |
Tesla | 396.73 | -8.82 | -2.17% | 402.35 | 394.21 | 498.82 | 214.25 |
Netflix | 99.02 | -0.15 | -0.15% | 99.88 | 97.4 | 134.12 | 75.01 |
Amazon | 213.12 | -5.82 | -2.66% | 217.32 | 212.53 | 258.6 | 161.43 |
Microsoft | 408.96 | -1.72 | -0.42% | 413.05 | 408.51 | 555.45 | 344.79 |
Dow Jones | 47501.55 | -453.19 | -0.95% | 47634.55 | 47009.01 | 50512.79 | 36611.78 |
Nasdaq | 24643.02 | -377.4 | -1.51% | 24886.7 | 24579.86 | 26182.1 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 2,275 points lower, and the NSE Nifty is trading 691 points lower.
SBI, Tata Steel, and Maruti Suzuki, on the other hand, are among the top losers today.
The BSE Midcap index is trading 0.7% lower, and the BSE Smallcap index is trading 0.3% lower.
Sectoral indices are trading negatively today, with stocks in the services sector and banking sector witnessing selling pressure.
The rupee is trading at Rs 92.3 against the US dollar.
Tata Power Partners Salesforce for Clean Energy
Tata Power has partnered with Salesforce to digitally transform its growing rooftop solar, EV charging, and smart home businesses. The collaboration will use AI, automation, and data insights to improve operations and customer experience.
As part of this initiative, Tata Power Renewable Energy Limited (TPREL) has deployed Salesforce tools like Agentforce Sales, Service, and Marketing to streamline lead management, automate processes, and improve decision-making.
Tata Power has also built an AI-based system on top of Salesforce to enable automated quality checks and instant warranty generation for its Solaroof rooftop solar installations.
The company's residential rooftop solar segment has grown more than 200% in the last two financial years, supported by the Pradhan Mantri Surya Ghar Yojana. Overall, Tata Power's solar revenue has increased fivefold between FY2020 and FY2025.
Going forward, Tata Power and Salesforce plan to develop more AI-driven solutions to improve customer support, service speed, and partner engagement.
Ultratech Cement Acquires Stake in Solar Firm
UltraTech Cement has signed agreements to acquire a 26.20% stake in Sunsure Solarpark Thirty Eight Private Limited, a company involved in solar power generation and transmission.
The investment will help UltraTech meet its green energy requirements, reduce energy costs, and comply with regulatory rules related to captive power consumption.
The acquisition will be made through a cash investment of up to Rs 67.2 million (m)
The deal is expected to be completed within 120 days from the signing of the agreements.
RITES Wins South Western Railway Contract
RITES has received a revised project estimate from South Western Railway for the railway electrification work on the Mysuru-Hassan-Mangaluru route, including the Hassan-Arsikere section.
The project will be executed on a cost-plus turnkey basis and is currently ongoing. The revised project cost is Rs 729.28 crore (excluding GST), which includes RITES' fees.
The order has been awarded by South Western Railway, a domestic government entity, and the transaction is between a government organization and a government-owned company.
Comments
Log in or sign up to join the conversation.