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Stocks in News

* CROMPTON GREAVES: The company expanded its lighting segment by launching a 20W mobile charger and introducing new lighting products under the ‘Aquilla Plus’ and ‘Delphinus’ brands.

* EMBASSY DEVELOPMENT: The company launched three residential projects in the Mumbai Metropolitan Region with a gross development value exceeding ?12,000 crore and plans to invest over ?4,500 crore to expand its presence in the Mumbai region.

* UNIMECH AEROSPACE: The company plans to form a joint venture in Saudi Arabia by signing a JV pact with Yusuf Bin Ahmed Kanoo Co to set up a precision machining unit in the country.

* GUJARAT FLUROCHEMICAL: The company’s arm has incorporated an Oman-based subsidiary named GFCL EV Advanced Materials.

* PACE DIGITEK: The company’s arm has received an order worth ?94.5 crore from BSNL for the supply and five-year maintenance of 25,000 lithium-ion battery modules.

* UPL: The company clarified that it has not signed any agreement or entered into any pact with the Karnataka government to improve farm productivity.

* RESTAURANT BRANDS ASIA: The board approved an increase in authorised share capital from ?700 crore to ?900 crore and cleared the issuance of equity shares and warrants on a preferential basis.

* DALMIA BHARAT: The company’s 3.6 MTPA clinkerisation capacity in Assam has commenced commercial production.

* RAMKRISHNA FORGINGS: The company has commenced commercial production at its aluminium forging unit in Jharkhand with a production capacity of 3,000 tonnes per annum.

* JSW ENERGY: The company’s arm has signed a power purchase agreement with the West Bengal DISCOM for a 1,600 MW thermal power plant.

* AVENUE SUPERMARTS: The company opens a new store in Ludhiana, taking the total number of stores to 443

Economic News

* India's infrastructure output accelerates to four-month high in December: India’s infrastructure output grew 3.7% YoY in December, a four-month high, driven by strong cement (+13.5%) and steel (+6.9%) production and a rebound in electricity generation (+5.3%), reflecting sustained construction and manufacturing activity; however, hydrocarbon segments remained weak with declines in crude oil, natural gas, and refinery output, and cumulative infra growth slowed to 2.6% in Apr–Dec, down from 4.5% last year, indicating moderated overall momentum despite the recent pickup. Global News

* Germany to cut 2026 GDP growth forecast to 1.0%: Germany has cut its 2026 GDP growth forecast to 1.0% from 1.3% due to rising global trade uncertainty, especially the risk of additional U.S. tariffs on EU countries. Growth for 2027 is now seen at 1.3%, slightly lower than earlier estimates, though 2026 still marks a sharp recovery from 0.2% growth in 2025 after two years of contraction. Despite trade headwinds, growth is expected to be supported by more working days and higher government spending on defence and infrastructure, while improving sentiment is reflected in ZEW investor confidence rising to its highest level since August 2021.

NIFTY SPOT: 25232.5 (-1.38%) TRADING ZONE: Resistance: 25400 (Pivot Level) and 25500 (Key Resistance). Support: 25000 (Multiple Touches) and 24800 (Key Support). BROADER MARKET:INLINE MIDCAP 150: 58085.35 (-2.62%), SMALLCAP 250: 16701.05 (-2.85%) VIEW: Bearish till below 25500 (Key Resistance).

BANKNIFTY SPOT: 59404.2 (-0.81%) TRADING ZONE: Resistance: 59800 (Pivot Level) / 60200 (Key Resistance) Support: 59000 (Pivot Level) / 58700(Key Support) VIEW: Bullish till above 58700 (Pivot Level

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