US Stock Market Highlights (Friday14.2.2025)
Index Performance
Dow Jones: -0.37%
NASDAQ: +0.41%
S&P 500: -0.01%
Key Factors
US Retail Sales for January slumped 0.9% vs. Dow Jones estimate of a 0.2% decline, signaling weaker consumer spending.
Markets largely shrugged off the data, focusing on broader economic resilience.
Growth Stocks & Earnings Reactions
No major earnings reactions, but tech outperformed, driving NASDAQ gains.
Other Assets
US 10-Year Yield: 4.48%
Brent Crude: $74.7/barrel (lower amid potential Russia-Ukraine deal)
Gold: $2,884/ounce (-1.5%) Bitcoin: $96,995
Dollar Index: 106.78 (hit a 2-month low)
Cues to Track Next Week
Market reaction to retail sales weakness.
Any developments on geopolitical risks impacting commodities.
New Contracts
• Waaree Renewable: Wins a ₹40 crore EPC order for a 40 MWh battery storage system, to be completed by FY26.
• Sahaj Solar: Plans to execute 51.4 MW projects by FY26, expanding capacity from 100 MW to 1,600 MW.
• Dhabriya Polywood: Secures a ₹3.98 crore order.
• Trishakti Industries: Bags a ₹2.6 crore order from Jindal Stainless for advanced heavy machinery in its steel project.
• Supreme Power: Wins a ₹10.18 crore contract for manufacturing transformer parts in Chennai.
• Krystal Integrated: Awarded a ₹19.62 crore contract by Tindivanam Pharma Park Association, Tamil Nadu.
Expansion Plans
• ASM Technologies: To invest ₹510 crore in Karnataka for ESDM and precision engineering expansion. Acquires 10 acres from KIADB for a new design facility.
• PDS Ltd: Sets up NexStyle Apparel Manufacturing Limited to expand its India and global manufacturing footprint.
• Sangani Hospitals: Acquires a 55% stake in Sadbhavna Hospital & Medical Research Centre for ₹18.8 crore.
Strategic Partnerships
• L&T Tech & Altair: Launch a 5G-6G Wireless Center of Excellence to enhance connectivity and tech innovation.
• HAL: Signs MoUs for avionics, helicopter systems, and civil aircraft MRO services.
• Texmaco Rail: Partners with Trinity Rail Group LLC for rolling stock and component design collaborations.
Financial & Fundraising Updates
• M&M Finance: Board approves a ₹3,000 crore rights issue.
• Bank of Baroda: Plans to raise ₹8,500 crore via QIP and other routes.
• Adani Green: In talks with an SBI-led consortium to raise ₹10,000 crore for refinancing dollar loans.
Policy Updates
• Borosil Renewables: DGTR recommends final Anti-Dumping Duty (ADD) & Countervailing Duty (CVD) on solar glass for five years.
• BPCL: Signs a strategic crude supply contract with Petrobras, strengthening India’s energy security.
• NHPC: Resumes negotiations with Bhutan for a hydropower project.
Other Updates
• Godavari Power: Cancels its 2-MT integrated steel plant & OPVC pipes project in Chhattisgarh. Approves a ₹75 crore 25 MW solar plant for iron ore beneficiation.
• Shilpa Medicare: Gets CDSCO approval for Phase 3 clinical trials and market approval for Nor Ursodeoxycholic acid Tablets (NAFLD treatment).
• Niva Bupa: Receives IRDAI approval for a 9.7 crore equity share acquisition by an existing investor group.
• Swiggy: Blinkit & Zepto surpass Swiggy Instamart in quick commerce, per Citi Research.
• Adani Enterprises: To double ammunition production capacity amid strong global demand.
• Zen Technologies: Showcases AI-driven defense solutions at Aero India 2025.
• JSW Steel: Parth Jindal welcomes Tesla’s India entry & new steel tariffs.
• Ultratech Cement: Expands 0.6 MTPA grinding capacity at its Karur plant, taking domestic capacity to 166.91 MTPA.
• Religare Enterprises: Executive Chairperson Rashmi Saluja steps down as Director.
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