Nifty 50 ended the session at 24,680.90, declining 156.10 points or 0.63%. Bank Nifty ended the session at 56,084.90, declining 444.00 points or 0.79%. Sensex also ended lower at 80,870.48, declining 592.61 points or 0.73%.
Global Markets
- Alibaba plans to launch AI-powered glasses to compete with Meta
- Alibaba has just introduced its first-ever smart glasses, the Quark AI Glasses, which are powered by its Qwen large language model and the AI assistant known as Quark.
- These innovative glasses are set to hit the market in China by the end of 2025 and come packed with features like real-time translation, meeting transcription, navigation, and even Alipay payments. This launch marks Alibaba’s response to Meta’s smart glasses and represents a significant step into the world of wearable technology.
- Japan’s $550 Billion US Deal: Mostly Loans, Minimal Investment
- Japan’s chief negotiator, Ryosei Akazawa, made it clear that just 1% to 2% of the $550 billion US-Japan investment framework will be direct investments. The majority will come in the form of loans and guarantees. While the US is set to pocket 90% of the investment profits, Japan is looking to earn interest and fees from those loans and guarantees, which helps to keep their losses to a minimum.
- Akazawa pointed out that this isn’t about cash being handed over; it’s a well-structured financial program that they expect to wrap up during President Trump’s time in office. Additionally, Japan anticipates saving around ¥10 trillion (about $68 billion) through tariff reductions as part of this larger agreement.
- The Dow Jones Futures is currently trading at 44,999 levels, or 0.22% up
- The FTSE is currently trading at 9,128.95 levels or 0.09% up
- DAX is currently trading at 24,296.90 levels, or 0.33% up
- Asian Indexes
- Nikkei 225 closed down 0.98%
- Hang Seng closed up 0.51%
- Kospi closed up 0.42%
Stock News
- Diamond Power: Stock in focus after it received an LOI (Letter of Intent) of Rs 1,349 crore from Adani Energy Solutions to supply 24,080 km of AL‑59 conductors for key transmission projects, to be completed by June 2028 on a per‑km rate with price variation.
- J Kumar: Stock in focus after it received a Rs 139.72 crore LOA from MMRDA for multi-modal integration facilities at 8 stations on Mumbai Metro Line 4 & 4A, to be completed in 18 months; its share in the JV is 49% (Rs 68.46 crore).
- V-Mart Retail: Stock in focus as Motila Oswal expects a 30% upside from its current level, citing improved profitability, disciplined cost control, and growth potential from retail expansion and the unorganised-to-organised shift.
- Fischer Medical Ventures: Stock in focus after the company’s Board has approved a stock split in a 1:10 ratio.
- Vidhi Specialty Food Ingredients: Mukul Agarwal held stock surged 8% after reporting a 6% and 50% growth in revenue and net profit on a YoY basis respectively. On a QoQ basis, its revenue declined 20% and net profit grew 7%.
- Narmada Macplast Drip Irrigation System: The company’s board has approved the issuance of bonus shares in the ratio 1:1 and a stock split in the ration of 1:5.
- Veranda Learning: Stock in focus after it will demerge its Commerce vertical into a new wholly-owned subsidiary, J.K. Shah Commerce Education Ltd. It will unify top brands like J.K. Shah Classes, BB Virtuals, and Navkar Digital. The goal is to simplify structure, reduce debt via QIP proceeds, and unlock value. The new entity targets over Rs 1,000 crore revenue by FY30 and will be listed on NSE & BSE within 12 months, subject to approvals.
Top gainer/Top loser (Nifty 500)
| Top gainers | Top losers |
|---|---|
| Acme Solar (8.67%) | Home First (-7.92%) |
| Vijaya Diagnostic (5.85%) | Kotak Mahindra Bank (-7.29%) |
| Laurus Labs (5.72%) | Lodha Developers (-6.38%) |
| Chennai Petro (4.67%) | Gujarat Minerals (-6%) |
| Aadhar Housing (3.8%) | Tanla Platforms (-5.96%) |
Written by Satyajeet Mukherjee
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