Indian markets are likely to open on a green note on Thursday, January 24. As per the early trends, GIFT Nifty was trading 38.50 points or 0.17 per cent higher at 23,294.50. This indicates a potentially positive opening for key domestic indices, including the NSE Nifty 50 and BSE Sensex.
Sensex and Nifty end in green on January 23
The Indian stock markets closed Thursday’s session with modest gains as the NSE Nifty 50 rose 60.90 points or 0.26% to 23,216.25 and the BSE Sensex added 115.39 points or 0.15% to settle at 76,520.38. While broader indices performed strongly, with the Nifty Midcap 100 surging 1.73% to 54,027.05, the banking sector lagged, as the Nifty Bank slipped 130 points or 0.27% to close at 48,594.50.
Quarterly watch: Key earnings announcements on January 24
Around 90 companies are set to announce their Q3 FY25 earnings today, keeping their share prices in focus during the trading session. Leading the list is Companies including DLF, Interglobe Aviation, Godrej Consumer Products, JSW Steel, DCB Bank, Bank of India, Torrent Pharmaceuticals, Trident, Suven Life Sciences, Ugro Capital, TTK Healthcare, Orient Cement, Sagar Cements, NIIT, Steel Exchange India, AU Small Finance Bank, among others.
Also ReadUS Stocks: S&P 500 notches closing record with focus on Trump comments, earnings Stocks to watch on January 24, 2025 IREDA
The renewable energy player, IREDA, received board approval to raise Rs 5,000 crore via QIP, subject to shareholder and regulatory clearances.
The IREDA share price closed in the red, declining 2.10% to settle at Rs 196.05 per share.
Adani Energy Solutions
Adani Energy Solutions posted an impressive 72.91% YoY rise in Q3 profit at Rs 561.78 crore, driven by a 27.78% increase in revenue, which stood at Rs 5,830.26 crore.
The share price of Adani Energy Solutions ended the previous trading session on a flat note, rising 0.29%.
UltraTech Cement
UltraTech Cement reported a Q3 net profit of Rs 1,473.51 crore, marking a 16.98% YoY decline. Revenue increased modestly by 2.71% to Rs 17,193.33 crore.
The share price of UltraTech Cement saw a sharp increase of 6.67%, ending the session at Rs 11,406.95.
» Read More
