Dalal Street Breakfast: 11 September 2024
Dalal Street Breakfast: 11 September 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market witnessed huge volatility and closed mixed. Nasdaq up. Dow down.
US Futures are trading lower.
Europe closed in red. Asia opens in red.
GIFT Nifty is trading at 25090 indicating a flat opening for Nifty.
Nifty Key Levels: Bullish above 25101 and Bearish below 25050. 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.
Key Stock Updates
New Orders & Projects:
ITI Limited wins INR 300 crore order for 100,000 solar street lights.
SEPC Limited awarded INR 182.57 crore contract for Bihar water project.
E Factor secured INR 176.10 crore contract for World Expo 2025.
Servotech secures contract to install 11 EV charging stations in Karnataka.
Synoptics Technologies received a INR 9.94 crore order for BSNL 4G deployment.
Slone Infosystems secures INR 3.96 crore order for Lenovo laptop supply.
Partnerships, Acquisitions & Investments:
Century Textiles acquires 10 acres in Worli for INR 1100 crore.
Persistent Systems is acquiring select assets from SoHo Dragon Inc. for USD 4.7 mn.
Hindustan Foods invests INR 43 crore in wholly owned subsidiary KNS Shoetech.
Dixon's 6.5% stake acquisition in Aditya Infotech approved by CCI.
OIL, OVL, KABIL, and IRH sign MoU for global critical minerals cooperation.
FlixBus partners with AbhiBus to expand premium bus service in India.
Infosys and Proximus Group expand collaboration to enhance CPaaS and DI solutions.
TCS partners with Mansfield Building Society for UK digital transformation.
Business Operations:
Ramco Systems Launches aviation software 6.0 for advanced aircraft management.
Brigade Foundation opens 108-bed hospital with St. John’s Medical College.
Hindustan Zinc supplies zinc for India’s heaviest transmission steel pole.
Management Changes:
ABDL appoints Anil Somani as CFO, succeeding Ramakrishnan Ramaswamy.
Neogen Chemicals' CFO, Ketan Vyas, resigns effective September 11, 2024.
Today’s Corporate Calendar
Today’s IPOs
Open for Bidding:
Listing:
Key Deals
Recent Insider Activity
Today’s Economic Calendar
No events
That’s all for today. All the charts and data points are taken from Finvezto Toolkit. Try Finvezto Toolkit 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.