After opening the day higher, Indian benchmark indices maintained the momentum as the session progressed and ended the day higher.Benchmark equity indices BSE Sensex and NSE Nifty50 ended in positive territory for the second consecutive session on Wednesday.At the closing bell, the BSE Sensex closed higher by 224 points (up 0.3%).Meanwhile, the NSE Nifty closed 37 points higher (up 0.2%).NTPC, Trent, and Maruti Suzuki are among the top gainers today.Axis Bank, M&M, and Shriram Finance on the other hand, were among the top losers today.The GIFT Nifty was trading at 23,260, up by 4 points at the time of writing.The BSE MidCap index ended marginally higher andthe BSE SmallCap index ended 0.3% higher.Sectoral indices were trading mixed on Wednesday with stocks in the power sector and the realty sector witnessing buying. Meanwhile, the stocks in the auto sector and oil & gas sector witnessing selling pressure.The rupee is trading at 86.34 against the US$.Gold prices for the latest contract on MCX are trading 0.6% higher at Rs 78,605 per 10 grams.
Tata Motors Integrates AITata Motors is prioritizing the integration of artificial intelligence (AI) and advanced technologies to enhance vehicle safety for both occupants and vulnerable road users. The company aims to adopt a holistic approach that focuses on safety at all stages: before, during, and after accidents.The company is moving beyond traditional safety ratings, such as those provided by the Global New Car Assessment Program (GNCAP), which primarily assess crash-event performance.Instead, Tata Motors is now placing a stronger emphasis on accident prevention technologies, which include pre-accident prevention, crash-event management, and post-accident support.A key aspect of this initiative is the onboard computing system, which processes data in milliseconds to assist in accident prevention decisions.AI plays a significant role in object detection and classification, enabling the system to handle specific challenges present on Indian roads, such as recognizing scooters with multiple passengers or unconventional vehicles.Additionally, Tata Motors utilizes machine learning (ML) to ensure rapid and accurate decision-making.The system processes both historical and real-time data, functioning without the need for external databases. This approach allows for timely responses, enabling vehicles to react quickly without relying on extensive global data sets.
This automotive giant’s growth strategy could make it a key player in the EV revolution in the coming years.
Why Persistent Systems Share Price is RisingMoving on to news from the software sector, shares of Persistent Systems rose by over 5% to Rs 6,211 per share on 15 January after the company launched ContractAssIst, an AI-powered contract management solution developed in partnership with Microsoft.ContractAssIst will leverage Microsoft’s technology ecosystem to offer contract management features. Built on Azure AI, the solution ensures data handling, search capabilities, and compliance.It integrates with Microsoft 365 Copilot and Microsoft Teams, providing real-time collaboration tools and AI-driven decision support.Advanced models like GPT-3.5 and GPT-4, through Azure OpenAI Service, improve contract analysis using natural language processing.Recently, the company also introduced Pi-OmniKG, an AI-driven knowledge graph solution created with Google Cloud technology.This solution is set to help healthcare and life sciences organisations accelerate biomedical research, streamline data mining, and deliver insights faster and more accurately.
Why Power Stocks are RisingMoving on to news from the power sector, power stocks surged on 15 January, with Power Grid, NTPC, and Coal India leading the Nifty 50 gainers, rising as much as 4%.The rally followed data from the Ministry of New and Renewable Energy, which revealed that India achieved a record high in renewable energy generation in 2024.Other power stocks that joined the upward momentum included Adani Green Energy, NHPC, Tata Power, Adani Power, JSW Energy, Torrent Power, SJVN, and CESC, all seeing gains between 1-3%.The data showed that India’s renewable energy capacity more than doubled in 2024, increasing by an impressive 113% year-on-year to 30 gigawatts (GW), up from 13.75 GW in 2023.Solar power led the charge, contributing 24.54 GW to this growth, marking a 33.5% year-on-year increase in its cumulative installed capacity to 97.86 GW in 2024. Wind power additions totalled 3.42 GW, bringing total wind capacity to 48.16 GW, a 7.6% increase from 2023.Meanwhile, bioenergy capacity grew from 10.84 GW in December 2023 to 11.35 GW by December 2024.
Laxmi Dental IPO Subscribed 28xMoving on, the Rs 698-crore IPO of Laxmi Dental has seen 28.42 times subscription on Day 3 (January 15) so far. The IPO received bids for nearly 25.5 crore shares, as against the offer size of 90 lakh shares.Non-institutional investors (NIIs) led the subscription rally. The portion reserved for NIIs has seen a whopping 70.89 times subscription on Day 3 so far.Retail investors have booked their reserved portion 45.56 times.The portion reserved for Qualified Institutional Buyers (QIBs) was fully booked on Day 3, after seeing a comparatively muted response on the previous two days.The QIB portion has been booked 1.48 times so far.More By This Author:Sensex Today Trades Higher; Nifty Above 23,150
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