Dalal Street Breakfast: 03 May 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market ends in green. Dow 🟢 +0.85%, S&P500 🟢 +0.91%, NASDAQ 🟢 +1.51%.
US Futures are now trading higher at 🟢 +0.33%
Europe ended mixed: London FTSE 🟢 +0.63%, Paris CAC 🔴 -0.88% , Frankfurt DAX 🔴 -0.2%
Asia opens mixed: Japan Nikkei 🔴 -0.1% , China Shanghai 🔴 -0.26%
Commodities: Gold 🟢 +0.09% , Crude Oil 🟢 +0.25%
GIFT Nifty is trading 100 points higher from yesterday’s 3:30 PM close at 22890. It indicates a positive opening for Nifty.
Key Stock Updates
New Orders & Projects:
Partnerships, Acquisitions & Investments:
Coromandel International acquires 3.13% stake in Ecozen Solutions for Rs. 23.99 Cr.
Coforge acquires 54% of Cigniti Technologies, enhancing industry presence.
TVS Holdings Limited acquires 10.77% shares of Emerald Haven Life Spaces (Radial Road) Limited.
Business Operations:
Max Estates to expand luxury residential portfolio in Gurugram.
Thomas Cook India opens new outlets in Goregaon and Panvel, expanding Mumbai presence.
Fund Raising:
Adani Green secures $400M for solar projects from international banks.
UGRO Capital raises INR 1,332.66 Cr from investors and family offices.
Management Changes:
Key Deals:
HDFC Mutual Fund acquires 11,33,893 equity shares of Cyient, representing 1% of paid-up equity, at Rs 1,800 per share, totalling Rs 204.1 crore.
Zaggle Prepaid: Ventureast Proactive Fund Llc sells ₹67.27Cr; ICICI Prudential Mutual Fund buys ₹35Cr.
Inox Green Energy Ser Ltd: Sixteenth Street Asian Gems Fund buys ₹57.8Cr
TruCap Finance Limited: Ind Swift Laboratories Limited buys ₹5.56Cr
Today’s Results Announcements
Adani Green Energy Limited
Britannia Industries
Godrej Properties
MRF
JSW Infrastructure
Mangalore Refinery and Petrochemicals
Carborundum Universal
Inox Wind
Aptus Value Housing Finance India
HFCL
Firstsource Solutions
Inox Wind Energy
Go Fashion India
Aarti Drugs
Inox Green Energy Services
Kabra Extrusion Technik
Today’s IPOs
Open for Bidding:
Today’s Economic Calendar
17:00 - Foreign Exchange Reserves (Apr)
17:00 - Deposit Growth YoY (Apr)
17:00 - Bank Loan Growth YoY (Apr)
Nifty Futures - Key Levels
Bullish above 22809 and Bearish below 22751. 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.
That’s all for today.