The Indian equity benchmarks are poised for a higher opening on Monday, December 29, as suggested by GIFT NIFTY futures. NIFTY futures at GIFT City in Ahmedabad rose by 0.11% or 28 points to 26,089, buoyed by favorable signals from Asian markets.
The Indian equity benchmarks continued their downward trend for the second consecutive session on Friday, December 26, weighed down by declines in major index constituents such as ICICI Bank, HDFC Bank, Bharti Airtel, Tata Consultancy Services, HCL Technologies, and Infosys. The SENSEX experienced a decline of up to 471 points, while the NIFTY50 index reached an intraday low of 26,008.60, reflecting a lack of direction from global markets.
Equities To Monitor :
- Coforge has completed the acquisition of US-based Encora, an AI-native firm that delivers services to digital natives and Fortune 1,000 enterprises. Coforge announced that the merged organization is projected to generate revenue amounting to $2.5 billion.
- Ola Electric announced on Sunday that it has increased deliveries of its 4680 Bharat Cell powered S1 Pro+ (5.2 kWh) throughout Tamil Nadu, Kerala, Telangana, and Karnataka. Ola Electric announced that it has begun deliveries in Coimbatore, Kochi, and Hyderabad, while also continuing to ramp up operations in Bengaluru. The S1 Pro+ (5.2 kWh) is the inaugural product utilizing the company’s domestically produced 4680 Bharat Cell battery pack, which offers increased range, superior performance, and improved safety, it added. “Customers are now receiving deliveries of the scooters powered by our proprietary 4680 Bharat Cell, and the rollout is gaining significant momentum. With deliveries scaling across multiple states, we are now gearing up to take the 4680 Bharat Cell powered vehicles nationwide, reaching every corner of the country,” an Ola Electric spokesperson stated.
- Coal India is set to enhance its governance and accountability measures, as the Prime Minister’s Office (PMO) has instructed the coal ministry to systematically map and catalog all subsidiaries of the state-run entity by the year 2030, according to sources. The initiative seeks to optimize governance, improve transparency, and realize value via asset monetization within the coal public sector undertaking. Coal India Ltd (CIL) represents more than 80 percent of the country’s coal production. Plans are underway to list all of Coal India’s subsidiaries by 2030, according to highly placed sources who spoke on the condition of anonymity. Sources indicate that the Prime Minister’s Office has issued a directive to list all the arms of Coal India by 2030, aiming to enhance the company’s governance. CIL functions through a network of eight subsidiaries: Eastern Coalfields Ltd, Bharat Coking Coal Ltd, Central Coalfields Ltd, Western Coalfields Ltd, South Eastern Coalfields Ltd, Northern Coalfields Ltd, Mahanadi Coalfields Ltd, and Central Mine Planning & Design Institute Ltd.
- Sun Pharma is set to enhance access to innovative treatments for obesity and diabetes in the coming years, which will be a significant driver for the growth of the domestic pharmaceutical sector, as stated by Kirti Ganorkar. Glucagon-like peptide-1 (GLP-1) receptor agonists serve as therapeutic agents for type 2 diabetes, high blood sugar, and obesity through the modulation of insulin production. India, recognized for its generic drug sector, is swiftly evolving into a significant center for the global weight management market, driven by a sharp rise in obesity-related health issues. “Improving access to GLP-1 treatments in the coming years will be a key driver for the Indian pharmaceutical industry, helping address the growing burden of lifestyle diseases such as obesity and diabetes,” Ganorkar stated.
- GMR Airports – GMR Group has successfully advanced to the qualifying stage to submit a bid for the USD 800 million new Taif International Airport project in Saudi Arabia, as reported by the National Center for Privatisation & PPP of the nation. In addition to GMR, the bidding process has seen qualifications from Bengaluru International Airport Ltd – Tamasuk consortium, Turkey’s TAV Airports – Mada International Holding consortium, the Irish company Daa International-led consortium, and Kalyon Insaat consortium. The initiative will be executed through a Public-Private Partnership framework, utilizing a Build-Transfer-Operate agreement that spans a duration of 30 years, which encompasses the construction phase. The new Taif International Airport is set to feature a commercial passenger terminal building that is well-equipped and designed to meet the airport’s anticipated capacity and demand. Additionally, the development will encompass facility buildings, utility networks, car parks, and access roads, all of which are essential for the standard operation of the airport.
- InterGlobe Aviation announced on Saturday the cancellation of 57 flights throughout its network, attributing the disruptions to “bad weather” at multiple airports, as stated on the airline’s website. The airline has announced the cancellation of 13 flights for Sunday, citing two of them as due to “operational reasons,” while the majority are attributed to “forecasted bad weather.” The Gurugram-headquartered IndiGo, which cancelled thousands of flights early this month due to stricter norms regarding pilots’ duty periods and rest, has been cancelling some flights for over a week now citing “bad weather.” On Sunday, a total of 57 flights were cancelled, affecting routes from Chandigarh, Mumbai, Ahmedabad, Hyderabad, Amritsar, Bengaluru, Delhi, Gaya, Kolkata, Chennai, Jaipur, and Pune, among others.
- Hindustan Zinc shares are set to attract attention following a significant rally in silver prices, which surged over 15% last week, reaching a new record high of Rs 2.42 lakh per kg in the futures market. This increase is attributed to robust industrial demand, anticipated US interest rate cuts in the coming year, and rising concerns regarding potential supply disruptions. The rally in the domestic market reflected the white metal’s record performance in global markets, where it reached an all-time high of USD 79.70 per ounce, soaring more than 11% in just one day on Friday. Silver futures for March 2026 delivery on MCX continued their upward trajectory for the fifth consecutive day, surging by Rs 18,210, or 8.14%, to reach a new high of Rs 2,42,000 per kilogram, before ultimately settling at Rs 2,39,787 per kg on Friday.