GiftNifty indicates a flat opening.
Indian markets experienced a rebound on Tuesday, with the Nifty index increasing by 92 points.
* The positive momentum was attributed to favorable trends from the US markets.
The NSE has announced the addition of six new stocks to the Futures and Options (F&O) segment, effective January 31, 2025, which includes Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India, and Torrent Power.
* The decision follows the approval from the Securities and Exchange Board of India, indicating that these stocks have met the necessary liquidity and size thresholds.
* Standard Glass Lining’s IPO has been subscribed 34.82 times, indicating robust interest from investors.
* The grey market is currently showing a premium of approximately 69%, suggesting potential strong listing gains upon debut.
Rail Vikas Nigam Ltd (RVNL) has signed a memorandum of understanding with Dubai-based GBH International to pursue infrastructure projects in the GCC region, indicating a strategic expansion into international markets.
* Despite a 27% year-on-year drop in net profit for Q2 FY25, RVNL’s share price has surged by 475% over the past two years, reflecting strong investor confidence and market performance.
Oil prices have risen due to tighter supplies from OPEC and Russia, alongside an unexpected increase in U.S. job openings indicating economic growth.
* Brent crude rose to $77.37 a barrel, while U.S. West Texas Intermediate crude increased to $74.67, reflecting the impact of reduced oil output from OPEC.
