Dalal Street Breakfast: 02 September 2024
Dalal Street Breakfast: 02 September 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market closed higher on Friday. US Futures in red.
Asia opens mixed. Japan in green.
GIFT Nifty is trading at 25400 indicating a flat opening for Nifty.
Key Stock Updates
New Orders & Projects:
GGBL receives a INR 313.97 crore order from Western Railway.
Indian Hume Pipe received INR 858.88 crore EPC order for irrigation.
Centum Electronics received a INR 109.58 crore order from DRDO.
Sathlokhar Synergys secures INR 62.53 crore MEP work contract.
R.P.P Infra Projects Ltd secured INR 55.50 crore order for water supply project.
SBC Exports awarded INR 47.38 crore contract for Maharashtra manpower services.
Akanksha Power received a INR 23.66 crore order from Ashoka Buildcon.
Slone Infosystems Ltd. secures INR 17.43 crore contract for ICT Labs project.
Sadhav Shipping Ltd. secures one-year contract extension worth INR 7.76 crore.
Marine Electricals received INR 3.66 crore order for fire detection systems.
Partnerships, Acquisitions & Investments:
Piramal Pharma will invest EUR 139.37 mn in Piramal Dutch Holdings via loan conversion.
Krishna Institute acquired 100% of Chalasani Hospitals for INR 28 crore.
POWERGRID acquires 100% of BBTL for INR 12.22 crore in cash.
Adani Energy Solutions acquires 100% of Khavda IVA Power Transmission.
HAL partners with SAFHAL to develop 'Aravalli' engines for helicopters.
Mahindra & Sentrycs collaborate to develop anti-drone solutions in India.
Zydus Lifesciences' acquisition of 50% stake in Sterling Biotech completed.
Business Operations:
Zydus receives approval from USFDA for Scopolamine Transdermal System.
Schaeffler's REPXPERT Mobile Training Van resumes national mechanic training tour.
Today’s Corporate Calendar
Key Deals
Recent Insider Activity
Nifty Key Levels
Bullish above 25398 and Bearish below 25345. Please note that these levels are plotted in the Nifty Futures chart. To know how to use the key level system, please check this post.
Today’s Economic Calendar
Today’s IPOs
Open for Bidding:
None
Listing:
None
That’s all for today. All the charts and data points are taken from Finvezto Toolkit. Take a Free Trial for 7 Days here.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This weekly update highlights market trends and upcoming events for your awareness. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.