Sensex Today Trades Flat; Infosys & Bajaj Finance Top Gainers
Sensex trades flat with Infosys and Bajaj Finance as top gainers. Asian markets are down following mixed US stock performance. Diamond Power secures a Rs 7.4 bn solar cables order from Adani Green Energy. RailTel wins a Rs 0.63 bn ICT contract from CPWD. Niraj Cement secures Rs 1.6 bn infrastructure contracts from MMRDA and Northeast Frontier Railway.
Asian markets traded lower on Friday following an overnight subdued trading session on Wall Street.
US stock market ended mixed on Thursday as investors weighed a labour market report and other economic data, while elevated hopes for a Federal Reserve interest-rate cut next week supported sentiment.
Here's a table showing how US stocks performed on Thursday:
| Stock/Index | LTP | Change ($) | Change (%) | Day High | Day Low | 52-Week High | 52-Week Low |
|---|---|---|---|---|---|---|---|
| Alphabet | 318.39 | -2.23 | -0.70% | 323.10 | 315.59 | 328.67 | 142.66 |
| Apple | 280.70 | -3.45 | -1.21% | 284.73 | 278.59 | 288.61 | 169.21 |
| Meta | 661.53 | 21.93 | 3.43% | 676.10 | 660.05 | 796.25 | 479.80 |
| Tesla | 454.48 | 7.74 | 1.73% | 454.63 | 445.39 | 488.54 | 214.25 |
| Netflix | 103.22 | -0.74 | -0.71% | 103.80 | 101.77 | 134.12 | 82.11 |
| Amazon | 229.11 | -3.27 | -1.41% | 233.50 | 226.80 | 258.60 | 161.43 |
| Microsoft | 480.84 | 3.11 | 0.65% | 481.32 | 476.49 | 555.45 | 344.79 |
| Dow Jones | 47850.94 | -31.96 | -0.07% | 48049.72 | 47692.96 | 48431.57 | 36611.78 |
| Nasdaq | 25581.70 | -24.85 | -0.10% | 25658.27 | 25450.38 | 26182.10 | 16542.20 |
Source: Equitymaster
At present, the BSE Sensex is trading 18 points higher, and the NSE Nifty is trading 5 points higher.
Eternal, Maruti Suzuki, and Infosys are among the top gainers today.
Reliance Industries, Sun Pharma, and Tata Steel the other hand, are among the top losers today.
The BSE Midcap index is trading 0.1% lower, and the BSE Smallcap index is trading 0.4% lower.
Sectoral indices are trading mixed today, with stocks in the auto and realty sectors witnessing buying. Meanwhile, stocks in the power and oil & gas sectors witnessed selling pressure.
The rupee is trading at Rs 89.7 against the US dollar.
Diamond Power Bags Major Solar Cables Order
Diamond Power Infrastructure Ltd announced on Thursday that it has received a letter of intent worth Rs 7.4 billion (bn) from Adani Green Energy Limited for the supply of power and solar cables for the Khavda and Rajasthan renewable energy projects. The company clarified that the order value is exclusive of GST.
Under the contract, Diamond Power will deliver 2,126 km of 33KV high-voltage cables and 3,539 km of 3.3KV medium-voltage solar cables. The purchase order is based on kilometre-wise rates and includes a price-variation clause. Execution is scheduled from January 2026 to December 2026.
The cables will support renewable energy infrastructure being developed at both project sites.
Adani Energy Solutions is currently building major transmission corridors to evacuate renewable power from the Khavda renewable energy park in Kutch, considered the world's largest renewable energy installation. These transmission lines will carry power generated from upcoming wind and solar projects in the region.
Diamond Power, which produces conductors, power cables and transformers, has been steadily rebuilding its order book after completing its corporate debt restructuring in recent years.
RailTel Secures Major CPWD ICT Contract
RailTel Corporation of India Ltd, a Railway PSU, announced that it has secured a significant order from the Central Public Works Department (CPWD) for the design and implementation of an ICT (information and communication technology) network.
The project includes the supply, installation, testing and commissioning (SITC) of the ICT network, along with five years of operations and maintenance support. The contract will be executed through 12 Ma 2031.
According to the work order, the contract value is Rs 0.63 bn. This development comes a day after RailTel revealed that it had won another major project worth Rs 0.48 bn from the Mumbai Metropolitan Region Development Authority (MMRDA).
The MMRDA project involves appointing a system integrator for designing, developing and implementing the Regional Information System and the Urban Observatory for the Mumbai Metropolitan Region.
The execution of this project is scheduled to continue until 28 December 2027.
Niraj Cement Secures Key Infra Project Deals
Niraj Cement Structurals has secured two major contracts totaling Rs 1.6 bn. The first, valued at Rs 0.8 bn, comes from the Mumbai Metropolitan Region Development Authority (MMRDA) to connect the SGMC monorail station with Mahalaxmi metro and suburban station via a FOB with Travellator, with a 12-month completion timeline.
The second, worth Rs 0.8 bn, is from Northeast Frontier Railway for constructing PSC slab underpasses and bridges, scheduled for completion in 18 months.
These contracts are significant for the company, which has a market capitalization of Rs 2 bn, and are expected to enhance its revenue while highlighting its active role in both urban and railway infrastructure projects. With a combined project value exceeding Rs 1.6 bn, these deals are particularly noteworthy relative to the company's current market cap.
The successful acquisition of these contracts demonstrates the continued investment in India's urban and railway infrastructure. It also underscores the growing opportunities for construction and infrastructure companies to contribute to the nation's diverse development initiatives.
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