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Premier Energies Secures ₹1,460 Crore Orders, IRFC Bags ₹3,167 Crore Deal, Power Stocks Surge on Record Renewable Energy Growth
Premier Energies Secures ₹1,460 Crore Orders, IRFC Bags ₹3,167 Crore Deal, Power Stocks Surge on Record Renewable Energy Growth
Written by - Fisdom Research
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January 15, 2025
2 minutes
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Market Snapshot
Indian benchmark indices extended gains for the second consecutive session on January 15, supported by buying in IT, metal, power, and realty sectors.
Despite mixed global cues, the markets opened on a strong note and traded within a narrow range throughout the session.
Nifty moved close to the 23,300 level but ended slightly higher after last-hour selling trimmed some of the intraday gains.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY REALTY
1.4
NIFTY PSU BANK
0.1
NIFTY IT
0.8
NIFTY OIL & GAS
0.1
NIFTY CONSUMER DURABLES
0.5
NIFTY BANK
0.1
NIFTY METAL
0.2
NIFTY PRIVATE BANK
0.0
Top News
Premier Energies shares rose 3% after its subsidiaries secured orders worth ₹1,460 crore for solar PV cells and modules from major power producers.
IRFC gained 4% after being identified as the lowest bidder to provide ₹3,167 crore financing for the Banhardih coal block development, a joint venture between NTPC and Jharkhand Bijli Vitran Nigam.
Power stocks rallied as Power Grid, NTPC, and Coal India led Nifty 50 gainers, following data showing a 113% year-on-year surge in India’s renewable energy capacity to 30 GW in 2024.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Coating emulsions and adhesives maker Jesons Industries plans IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
22,800
23,500
Bank Nifty
47,000
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
NTPC
4.0
M&M
-2.9
TRENT
3.9
AXISBANK
-2.5
POWERGRID
2.9
BAJAJFINSV
-2.3
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