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​So, the entire proposition about quick commerce is to kind of appeal to verticals, which are very impulse in terms of purchase behaviour and also drive frequency therein.

The Indian market is expected to consolidate on Friday, influenced by muted global cues. The Nifty future closed positively on Thursday, gaining 1.56%. Options data suggests a broader trading range between 23,800 and 24,600, with an immediate range of 23,900 to 24,400. Technical experts recommend holding above 24,100 for an upmove, with support at 24,100 and 23,900.

JK Lakshmi Cement got the approval of its amalgamation plan by the NSE and BSE. The plan involves the merger of three subsidiaries—Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries—into JK Lakshmi Cement.

Indian equity indices Sensex and Nifty 50 opened slightly lower on Friday, with notable declines in ITC, TCS, Infosys, ICICI Bank, Zomato, and Tech Mahindra. Conversely, NTPC, SBI, Adani Ports, Nestle India, and Tata Steel showed gains. DMart surged 10% after a strong revenue report, while MOIL rose 6% owing to its best-ever quarterly performance.

Hero MotoCorp reported a 17.5% YoY sales decline for December, with domestic sales falling 22%, but exports rising 91%. Motorcycle sales dropped 15.8%, while scooter sales fell 32.8%. The company sold over 46,662 VIDA V1 e-scooters in 2024. Key 2025 product launches include EV portfolio expansion and new ICE scooter models.

January 2 saw significant futures open interest increases for Union Bank, SJVN, RBL Bank, IRB Infrastructure, and Eicher Motors.

Motilal Oswal Financial Services has issued a neutral recommendation on Bata India, targeting a price of Rs 1240. Bata India reported a net profit of Rs 51.98 crore for the latest quarter, with a total income decline of 11.09% from the last quarter, while an increase of 2.36% from the same quarter last year. Promoters hold a 50.

The Nifty Bank index was trading 0.55 per cent at 51323.15.

Entering 2025, Sandip Sabharwal holds a positive outlook despite slightly above-average valuations, citing potential rural and urban recoveries, continued government capital expenditure, and easing monetary policy. He remains optimistic about the auto sector, NBFCs, and hotel stocks while expressing cautious optimism towards IT companies benefiting from AI investments and a weaker rupee.

Indian Railway Finance Corporation (IRFC) forms a significant partnership with Railway Energy Management Company Ltd (REMCL) to finance renewable energy projects for Indian Railways, aiming to reduce reliance on fossil fuels and achieve net-zero carbon emissions by 2030. IRFC shares have experienced substantial growth over the past two years.