Dalal Street Breakfast: 10 September 2024

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

Today’s Markets

US Cash market closed in green. US Futures flat. Europe closed in green. Asia opens flat. GIFT Nifty is trading at 25030 indicating a neutral to positive opening for Nifty.

Nifty Key Levels: Bullish above 25001 and Bearish below 24965. 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.

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Key Stock Updates

New Orders & Projects:

• Hindustan Aeronautics Ltd signed a INR 26,000 crore contract for 240 aero-engines.

• Ahluwalia Contracts secures INR 1307 crore for two Gurugram projects.

• Suzlon secures India’s largest wind energy order: 1,166 MW from NTPC.

• Marine Electricals receives INR 12.1 crore order from AM/NS for automation.

• Oriana Power’s subsidiary wins 128 MW solar project from Dalmia Cement.

• Zaggle to provide HDFC Ergo with a reward platform.

Partnerships, Acquisitions & Investments:

• Arvind Limited invests INR 48 crore in its wholly owned subsidiary ATPPL.

• GMR to acquire 10% stake in Delhi International Airport Limited.

• JSW Infrastructure approves capex of INR 2,359 crore for capacity expansion.

• Alok Ferro Alloys becomes wholly owned subsidiary of Godawari Power.

• Thomas Cook India, SOTC partner with Malaysia Airlines for strategic growth.

Business Operations:

• Mahindra Last Mile Mobility unveils ‘e-ZEO’, a new electric four-wheeler.

• Lemon Tree Hotels signs agreement for a new Nashik property, opening FY 2026.

• Royal Orchid opens new Regenta Resort and Spa in Chitwan, Nepal.

• Airtel Finance introduces fixed deposits at interest rates of 9.1%.

• Tata Power starts solar cell production at India's largest 4.3 GW plant.

• Awfis sells Facility Management division to SMS for INR 27.5 crore.

• Greaves secures GOI’s approval for EMPS scheme incentives.

Management Changes:

• Repco Home Finance announces resignation of CFO Mrs. K. Lakshmi.

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Today’s Corporate Calendar

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Today’s IPOs

Open for Bidding:

Listing:

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Key Deals

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Recent Insider Activity

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Today’s Economic Calendar

No events.

That’s all for today.

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.