Sensex Today Trades Lower; Bajaj Finserv & Tata Motors Top Losers
Asian markets are mostly to drop on Friday due to Wall Street's decline as investors await the US jobs report to gauge the Federal Reserve's next move on interest rates.
Us markets closed higher on Thursday as investors considered the potential impact of US-China trade talks between Donald Trump's and Xi Jinping.
Here's a table showing how US stocks performed on Thursday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 169.81 | 0.42 | 0.25% | 172.36 | 169.35 | 208.7 | 142.66 |
| Apple | 200.63 | -2.19 | -1.08% | 204.75 | 200.15 | 260.09 | 169.21 |
| Meta | 684.62 | -3.33 | -0.48% | 694.38 | 682.25 | 740.89 | 442.65 |
| Tesla | 284.7 | -47.35 | -14.26% | 324.55 | 273.21 | 488.54 | 167.42 |
| Netflix | 1250.52 | 10.86 | 0.88% | 1262.81 | 1237.29 | 1262.81 | 588.43 |
| Amazon | 207.91 | 0.68 | 0.33% | 212.81 | 207.56 | 242.52 | 151.61 |
| Microsoft | 467.68 | 3.81 | 0.82% | 469.65 | 42211.69 | 469.65 | 344.79 |
| Dow Jones | 42319.74 | -108 | -0.25% | 42601.45 | 21472.77 | 45073.63 | 36611.78 |
| Nasdaq | 21547.4 | -174.49 | -0.80% | 21891.9 | 21607.33 | 22222.6 | 16542.2 |
Source: Equitymaster
At present, the BSE Sensex is trading 240 points lower, and the NSE Nifty is trading 40 points lower.
IndusInd Bank, Eternal, and NTPC are among the top gainers today.
Tata Steel, Bajaj Finserv, and Tata Motors, on the other hand, are among the top losers today.
The BSE Midcap index is trading 0.1% lower, and the BSE Smallcap index is trading 0.1% higher.
Sectoral indices are trading mixed today, with stocks in the media sector and the IT sector witnessing selling pressure. Meanwhile, stocks in the realty sector and the oil & gas sector witnessed buying.
The rupee is trading at Rs 85.7 against the US dollar.
Bajaj Finserv Shares Surge on Block Deal
Bajaj Finserv shares are in focus today as promoters are likely to sell some of their stake.
Bajaj Finserv promoters plan to sell a 1.6% stake via a block deal, raising around Rs 47.5 billion (bn). They currently hold 60.6% stake in the company.
The block deal for Bajaj Finserv's promoters stake sale has been launched, with a potential deal size of Rs 58.3 bn, including an upsize option of Rs 10.8 bn.
Bajaj Finserv net profit rose 14% to Rs 24.2 bn in Q4FY25, up form Rs 21.1 bn in the same quarter last year.
Bajaj Finserv will buy Allianz SE's 26% stake in its insurance ventures for Rs 241.8 bn, increasing g its ownership to 100% from 74%.
Ashoka Buildcon Bags Big Maharashtra Project
Ashoka Buildcon and its subsidiary Ashoka Purestudy Technologies Pvt Ltd (APTPL) received a letter of intent from Maharashtra's Motor Vehicle department to design and implement an Intelligent Traffic Management system.
Ashoka Buildcon's Rs 13.8 bn project will be implement an Intelligence Traffic Management System across multiple regions in Maharashtra, including Nagpur, Mumbai, Pune, Marathwada, Kokan and Western Maharashtra for a period of 10 years.
Ashoka Buildcon Q4 net profit jumped 73.2% to Rs 43.2 bn compared to Rs 24.9 bn in the same period last year, but revenue dropped 11.7% to Rs 269.4 bn.
JSW Energy Boost Renewable Power Capacity
JSW Energy Ltd has commissioned 281 MW of renewable energy capacity, including 215 MW solar and 66 MW wing power. This increases their total capacity 12,499 MW.
JSW Energy's renewable capacity now stands at 55% of its total 12,499 MW comprising 3,482 MW wind, 1,968 solar and 1,391 hydro energy.
JSW Energy's subsidiary, JSW Energy Three Ltd, has signed a 25-year agreement with Adani Electricity Mumbai Ltd to supply power from 250 MW wind project in Maharashtra at Rs 3.6 per unit, expected to be operational within two years.
JSW Energy has total locked in capacity of 29.9 GW comprising 12.5 GW operational, 12.4 GW under construction and 4.9 GW in pipeline.
Recently is has secured 29.3 GWh of energy storage capacity, including 26.4 GWh of hydro-pumped storage and 2.9 GWh from battery storage. The company aims to reach 30 GW of generation capacity and 40 GWh of energy storage by FY2030.
JSW aims to for carbon neutrality by 2050 and is working towards a sustainable energy future with project focused on renewables and innovation.
Coal India Inks Rail Infra Deal
Coal India has signed a pact with Indian Port Railway & Ropeway Corporation Ltd to develop its rail infrastructure.
Coal India & Indian Port Railway & Ropeway Corporation Ltd ahs signed a non-binding MoU in Kolkata to develop CIL's rail infrastructure.
Indian Port Rail & Ropeway Corporation is a joint venture between 11 major ports 90% stake and Rail Vikas Nigam Ltd 10% stake.
The joint venture aims to provide efficient rail evacuation systems, enhancing major ports capacity and throughput.
Coal India produces 781.1 million tonnes of coal in FY25 missing its target of 838 million tonnes about 7%. Coal India accounts for over 80% of India's domestic coal production.
It aims to produce 875 million tonnes and achieve an offtake of 900 million tonnes in FY26.
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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity ...
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