Stock Market Today: GIFT Nifty indicates a flat start; RIL, L&T, TVS Motor in focus

Stock Market Today: GIFT Nifty index on the NSE IX up 7.5 points, or 0.04 percent, to 19,512, indicating that Dalal Street will have a good day on Thursday. Asian stocks rose on Thursday as tech titan Nvidia's record earnings helped Wall Street and falling U.S. government rates reduced pressure on borrowing costs around the world. Nifty formed a Doji candle by ending roughly 48 points higher than the weekly expiry. Analysts warned that traders should use caution when opening fresh long positions since ADX and MACD are skewed to the downside.

Rupee strengthened; Asian stocks rose

The rupee climbed against the US dollar for the second straight session, gaining 27 paisa to settle at 82.72 on Wednesday, marking the biggest one-day gain in over two months.
Asian stocks rose on Thursday as tech titan Nvidia's record earnings helped Wall Street and falling U.S. government rates reduced pressure on borrowing costs around the world.

Stock Market Today: Stocks in focus

Reliance Industries

Reliance Retail Ventures Limited (RRVL), the retail arm of Reliance Industries Limited (RIL), said in a filing to the stock exchange on Wednesday that the Qatar Investment Authority (QIA) will invest Rs 8,278 crore through a wholly-owned subsidiary. The investment made by QIA will result in a 0.99% minority ownership in RRVL.

L&T

The Power Transmission & Distribution Business of Larsen & Toubro has received new orders in the Middle East. The firm has received a request to construct a 220kV Gas Insulated Substation and associated Transmission Lines in the United Arab Emirates from a reputable energy services provider. Additionally, two new 132kV substations and a 220kV overhead transmission line have been ordered for the region by a public services infrastructure company in Dubai.

TVS Motor

The TVS Motor Company unveiled its ground-breaking premium electric crossover, the TVS X, on Wednesday, setting new standards for the EV sector globally. "Our dedication to harness technology and innovation towards a greener and more sustainable future has brought to us this incredibly desirable machine," Mr. Sudarshan Venu, Managing Director, TVS Motor Company, stated during the unveiling. This unveiling is a turning point in TVS Motors' effort to present the TVS X, an electric vehicle built in India. It is intended for those who are passionate about technology and are global citizens who shape trends.

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Also Read: Gold Rate Today: Price of yellow metal rises to the seventh heaven while silver halts. These are the prices from Delhi to Bangalore

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