Asian markets traded higher on Monday, with the Japanese stocks leading gains in the region after Japanese Prime Minister Sanae Takaichi won a landmark election victory.
US stock market ended higher on Friday, with the Dow Jones Industrial Average surging above the historic 50,000 mark.
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 | 323.10 | -8.23 | -2.48% | 330.64 | 320.15 | 350.15 | 142.66 |
| Apple | 278.12 | 2.21 | 0.80% | 280.90 | 276.93 | 288.61 | 169.21 |
| Meta | 661.46 | -8.75 | -1.31% | 671.99 | 646.50 | 796.25 | 479.80 |
| Tesla | 411.11 | 13.90 | 3.50% | 414.55 | 397.75 | 498.82 | 214.25 |
| Netflix | 82.20 | 1.33 | 1.64% | 82.49 | 80.65 | 134.12 | 79.22 |
| Amazon | 210.32 | -12.37 | -5.55% | 211.44 | 200.31 | 258.60 | 161.43 |
| Microsoft | 401.14 | 7.47 | 1.90% | 401.79 | 392.92 | 555.45 | 344.79 |
| Dow Jones | 50115.67 | 1206.95 | 2.47% | 50169.65 | 49032.19 | 50169.65 | 36611.78 |
| Nasdaq | 25075.77 | 527.08 | 2.15% | 25131.34 | 24622.33 | 26182.10 | 16542.20 |
Source: Equitymaster
At present, the BSE Sensex is trading 310 points higher, and the NSE Nifty is trading 96 points higher.
SBI, Tata Steel, and Kotak Mahindra are among the top gainers today.
Power Grid Corp, ITC, and HUL, on the other hand, are among the top losers today.
The BSE Midcap index is trading 2.1% higher, and the BSE Smallcap index is trading 2.1% higher.
Sectoral indices are trading mixed today, with stocks in the FMCG sector and the power sector witnessing selling pressure. Meanwhile, stocks in the banking sector and the telecommunication sector witnessed buying.
The rupee is trading at Rs 90 against the US dollar.
PFC Approves Merger With REC
Power Finance Corporation (PFC) said on Friday that its board has given in-principle approval to merge REC into PFC.
After the merger, PFC will continue to operate as a government-owned company.
The board's approval follows Finance Minister Nirmala Sitharaman's announcement in the Union Budget, where she proposed restructuring PFC and REC to create scale and improve efficiency among public sector NBFCs.
REC has already been a subsidiary of PFC since March 2019, when PFC acquired the government's 52.63% stake in REC, after receiving approval from the Cabinet Committee on Economic Affairs.
The proposed merger is the next step in combining the two companies into a single, larger entity.
Tata Chemicals Builds Second Major Salt Facility
Tata Chemicals has announced an investment of Rs 5.15 bn to set up a new manufacturing plant in Tamil Nadu. The plant will be built at Valinokkam in Ramanathapuram district and will produce iodized vacuum salt dried (IVSD).
The new facility will have a production capacity of 210,000 tonnes per year and is expected to be completed within 36 months. The investment will be funded through a mix of internal cash and external borrowing.
At present, Tata Chemicals produces about 1.6 million tonnes per year of IVSD at its Mithapur plant in Gujarat. The new Tamil Nadu plant will become the company's second major IVSD manufacturing site, helping reduce dependence on a single location.
The main goal of this expansion is to improve supply to southern markets. By producing products closer to customers, the company expects to lower logistics costs, shorten delivery times, and improve overall efficiency.
This investment shows Tata Chemicals' focus on strengthening its core salt business, building long-term capacity, and expanding its presence in South India while supporting regional industrial development.
BEML To Build New Rail Plant
BEML Limited has approved an investment of about Rs 15 bn to set up a new rail manufacturing plant in Umariya near Bhopal, Madhya Pradesh. The facility will be called BRAHMA.
The company said the project will be funded through long-term borrowing and will be developed in phases over the next five years.
This new plant will help BEML increase its manufacturing capacity in the rail and mobility segment. The investment is part of the company's plan to meet rising demand for rail equipment and supports India's broader push to boost domestic manufacturing and infrastructure development.
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