Dalal Street Breakfast: 08 May 2024

Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM

Today’s Markets

• U.S. cash market ended flat after losing early gains. Dow 🟢 +0.08%, S&P500 🟢 +0.13%, NASDAQ 🔴 -0.10%.

• U.S. Futures are now trading flat at 🔴 0%

• Europe ended higher: London FTSE 🟢 1.22%, Paris CAC 🟢 0.99% , Frankfurt DAX 🟢 1.4%

• Asia opens lower: Japan Nikkei 🔴 -1.00% , China Shanghai 🔴 -0.21%

• Commodities: Gold 🔴 -0.32% , Crude Oil 🔴 -0.37%

• GIFT Nifty is trading at 22400 indicating a flat opening for Nifty.

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Key Stock Updates

New Orders & Projects:

• WABAG clinches a 114.22 Million Tunisian Dinars consortium order for a wastewater treatment plant in Tunisia from ONAS, funded by AFD, BEI, and EU.

• Patel Engineering secures Rs. 342.76 crore irrigation project in Maharashtra.

Partnerships, Acquisitions & Investments:

• Jindal Stainless supplies alloy sheets for Navy's SMART system, enhancing defense capabilities.

• Tata Elxsi collaborates with Arm for software-defined vehicles (SDVs).

• LTIMindtree and IBM establish Generative AI Center of Excellence.

• Mahindra & Mahindra Ltd. incorporates new step-down subsidiaries: Neon Hybren Pvt. Ltd., Orion Hybren Pvt. Ltd., Pulse Hybren Pvt. Ltd., and Quest Hybren Pvt. Ltd., engaged in renewable energy.

• Salasar Techno Engineering Ltd. completes EMC Ltd. acquisition.

Business Operations:

• Tata Communications introduces CloudLyte, revolutionizing Edge Computing for enterprises.

• Shyam Metalics launches operations at Ramsarup Plant.

• Gland Pharma gains US FDA approval for Edaravone Injection.

• Gland Pharma secures US FDA approval for Plerixafor Injection.

Management Changes:

• Mr. L. V. Vaidyanathan resigns as Managing Director of Procter & Gamble Hygiene and Health Care Limited.

Key Deals:

• Cigniti Technologies Ltd: Rajasthan Global Securities Pvt Ltd buys ₹19.81Cr

• Cartrade Tech Limited: Sector Investment Funds PLC - Sector Global Emerging Markets Fund buys ₹20.7Cr

• Hindustan Motors Limited: Indra Kiran Ventures sells ₹5.02Cr; Silver Line Ventures Private Limited buys ₹5.71Cr

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Today’s Results Announcements

• Canara Bank

• Hero Motocorp

• Bharat Forge

• BSE Limited

• Kalpataru Projects International

• Capri Global Capital

• Gujarat State Petronet

• Kirloskar Oil Engines

• Godrej Agrovet

• Home First Finance Company India

• HG Infra Engineering Ltd.

• Balaji Amines

• India Shelter Finance Corporation

• Bajaj Consumer Care

• Datamatics Global Services

• Greaves Cotton

• ESAF Small Finance Bank

• J G Chemicals

• HT Media

• CL Educate

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Today’s IPOs

Open for Bidding:

• TBO Tek Limited (TBOTEK)

• Aadhar Housing Finance Limited (AADHARHFC)

• TGIF Agribusiness Limited (TGIF)

• Silkflex Polymers (India) Limited (SILKFLEX)

• Finelistings Technologies Limited (FTL)

• Winsol Engineers Limited (WINSOL)

• Refractory Shapes Limited (REFRACTORY)

• Indegene Limited (INDGN)

Listing:

• Sai Swami Metals & Alloys Limited (SAI)

• Amkay Products Limited (AMKAY)

• Storage Technologies & Automation Limited (STAL)

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Today’s Economic Calendar

No Events.

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Nifty Futures - Key Levels

Bullish above 22422 and Bearish below 22359. 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.