Stock Market Today: GIFT Nifty on the NSE IX increased by 127 points and reached to 22,746 today. It shows that Dalal Street was off to a good start. Against the US dollar, the rupee gained 2 paise to 83.43. The focused stocks included Trent, which closed higher by more than 1% after achieving a record high on Tuesday. Another is Usha Martin, which increased by more than 5%. M&M also increased by more than 4% to reach a new record high. Today, a number of companies, including Adani Enterprises, Dabur, Adani Ports, Coal India and many more will release their fourth quarter financial results.
Stock Market Today: Stocks in focus
Wipro
An Indian multinational company called Wipro Limited offers business process outsourcing, consulting, and information technology services. Nokia granted a contract to Wipro, to update its employee service desk and provide seamless, immediate IT support to a global network of employees. With over 86,700 employees spread over 130 operational countries, Nokia’s workforce will benefit from a custom cloud-based AI solution developed by the Wipro team.
Coal India
The Ministry of Coal, Government of India, is the owner of Coal India Limited, a central public sector enterprise. Coal India, the country’s biggest coal mining firm, reported producing 61.8 million metric tonnes of coal in April 2024, a 7.3% increase from 57.6 million metric tonnes in the same month the previous fiscal year. The offtake increased by 3.2% to 64.3 million metric tonnes in the same time frame from 62.3 million metric tonnes.
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