JSW Energy shares: The company stated that the transaction is valued at an enterprise value of ₹7.54 crore, subject to post-closing adjustments as specified in the Share Purchase Agreement (SPA).

The Indian market is expected to consolidate on Thursday, tracking positive global cues. Nifty futures closed 0.17% lower at 22,527, while India VIX fell 2.7%. Options data suggests a broader range of 21,800–22,800. Experts recommend stocks like Bajaj Finance, ICICI Bank, and Narayana Hrudayalaya for short-term gains, with key resistance at 22,650 and support at 22,300.

Polycab shares: Under the agreement, Polycab will act as the Project Implementation Agency (PIA), responsible for overseeing the design, supply, construction, installation, upgrading, operation, and maintenance of the middle-mile network.

Indian equity indices traded higher with gains in banking and IT stocks, spurred by softer inflation data in U.S. and India. However, global tensions loom as Trump s tariff threats persist. Key gains include Tata Steel and MTNL, while tech stocks lead in Asia. Crude oil prices ease, and the rupee strengthens against the dollar.

JM Financial has recommended buying Samhi Hotels, setting a target price at Rs 245, as opposed to the current Rs 146.25. The small-cap hotel company reported significant financial growth, with a total income increase to Rs 298.72 crore and a net profit of Rs 22.78 crore for the quarter ending 31-12-2024.

India’s IT sector is facing significant challenges as stocks have plummeted due to recession fears in the US, AI competition, and valuation concerns. Major IT firms, including TCS and Infosys, have seen substantial losses, and uncertain revenue growth is exacerbating investor apprehensions.

ICICI Securities upgraded Tata Communications to BUY, increasing the target price to Rs 1840 from Rs 1690. With a market cap of Rs 42893.93 crore, Tata Communications reported a total income of Rs 5826.80 crore for the quarter ended December 2024. The upgrade is due to strong sales funnel, digital services focus, AI adoption, compelling valuations, and disciplined financial management.

What is happening is that there was a bit of a positive view on IT and mostly consensus positive view saying that incremental deal flow has been good, IT firms are hiring, and as you see a bit of a strength come through in US economy this discretionary spending will get better.

Despite the initial hype around consumer stocks benefiting from tax relief post-Budget, most have delivered negative returns over the past month due to broader market corrections and foreign investor exits. Analysts predict improvements to materialize from Q1 of FY26, with the sector becoming attractive for medium to long-term investments.

The rupee appreciated 19 paise to 87.03 against the US dollar, aided by favourable macroeconomic data. Lower crude oil prices and a weaker dollar index supported the local currency. India s retail inflation dipped to a seven-month low, and industrial production growth rebounded. Global markets reacted to increased US tariffs, with Canada and the EU imposing reciprocal taxes.