Dalal Street Breakfast: 07 May 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market experienced volatile moves but managed to close higher. Dow 🟢 0.46%, S&P500 🟢 1.03%, NASDAQ 🟢 1.19%.
US Futures are now flat at 🟢 0.02%
Europe ended higher: London FTSE 🟢 0.51%, Paris CAC 🟢 0.49% , Frankfurt DAX 🟢 0.96%
Asia opens higher: Japan Nikkei 🟢 1.02% , China Shanghai 🟢 0.1%
Commodities: Gold 🟢 +0.05% , Crude Oil 🟢 +0.24%
GIFT Nifty is trading below the open at 22580 indicating a flat open for Nifty.
Key Stock Updates
Partnerships, Acquisitions & Investments:
Wipro partners with Microsoft, introduces GenAI virtual assistants for finance.
Mahindra & Mahindra Ltd. forms four renewable energy subsidiaries.
Craftsman Automation Limited acquires DR Axion India Private Limited wholly.
Pitti Engineering acquires Bagadia Chaitra Industries, now wholly-owned subsidiary.
Entero Healthcare Solutions acquires 80% of Avenir Lifecare Pharma.
Business Operations:
VST ZETOR launches three higher HP tractors: 4211, 4511, 5011.
Mastek launches iConniX, Gen AI solutions for business transformation.
Lupin gains FDA approval for Travoprost Ophthalmic Solution USP.
EaseMyTrip opens franchise in Amritsar, expanding offline reach.
Today’s Results Announcements
JSW Energy
Dr Reddys Laboratories
IRB Infrastructure Developers
Indraprastha Gas
CreditAccess Grameen
Century Textiles and Industries
IDFC
Jindal Saw
Kajaria Ceramics
Jupiter Wagons
Chambal Fertilisers and Chemicals
Graphite India
Today’s IPOs
Open for Bidding:
Today’s Economic Calendar
No Events
Nifty Futures - Key Levels
Bullish above 22594 and Bearish below 22511. Please note that these levels are plotted in the Nifty Futures chart. Please check this post to learn how to use the key-level system.
That’s all for today.