Dalal Street Breakfast: 13 May 2024

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

Today’s Markets

• The US Cash market ended mixed on Friday. Dow 🟢 +0.32%, S&P500 🟢 +0.16%, NASDAQ 🔴 -0.03%.

• US Futures are now trading flat at 🔴 -0.02%

• Asia opens lower: Japan Nikkei 🔴 -0.27% , China Shanghai 🔴 -0.79%

• Commodities: Gold 🔴 -0.39% , Crude Oil 🔴 -0.54%

• GIFT Nifty is trading at 22100 indicating a flat opening for Nifty.

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Key Stock Updates

New Orders & Projects:

• RailTel secures major order for video surveillance from Central Warehousing Corp.

• Marine Electricals (India) Limited secures Rs. 11.54 crore order from Udupi Cochin Shipyard Limited for electrical package.

• Andhra Paper Limited awards contract to Valmet AB (Sweden) for supply and commissioning of tissue paper production line with a capacity of maximum 129 tons per day.

Partnerships, Acquisitions & Investments:

• Infosys acquires InSemi, strengthening semiconductor expertise.

• Reliance Infra acquires Utility Powertech Limited for Rs 66.44 crore.

• Yatharth Hospital acquires Pristine Infracon Pvt Ltd.

• Glenmark Pharmaceuticals acquires 26% stake in O2 Renewable Energy.

• Aditya Birla Fashion raises stake in Indivinity Clothing Retail to 85.54%.

• Board approves additional equity investment in TCI Express Pte. Ltd.

• Vedanta acquires 46.57% stake in AvanStrate, expanding hi-tech presence.

Business Operations:

• Kalyan Jewellers expands showrooms, totalling 270 across India and the Middle East.

• Sterling Tools appoints new leadership, focuses on electric vehicles.

• Zydus Lifesciences gains USFDA approval for Dexamethasone Tablets USP, 1 mg.

• JSW Steel reports consolidated Crude Steel production, 21.21 Lakh tonnes in April’24.

• Sula Vineyards' RASA Cabernet Sauvignon wins India's first gold.

• Jagsonpal launches www.mysakhi.in to promote women's health awareness and management

Management Changes:

• Firstsource appoints Akash Pugalia as Global Trust & Safety President.

• Wipro Appoints Vinay Firake as CEO for APMEA Strategic Market Unit.

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Today’s Results Announcements

• Varun Beverages

• Zomato

• Jindal Steel & Power

• Tube Investments of India Ltd

• Aditya Birla Capital

• UPL

• Sanofi India

• Chalet Hotels

• Karur Vysya Bank

• Inox India

• Electrosteel Castings

• Bombay Burmah Trading Corporation

• C. E. Info Systems (MapmyIndia)

• Cera Sanitaryware

• Ethos

• Aarti Pharmalabs

• Alembic

• Yasho Industries

• SMC Global Securities

• Nelcast

• Manali Petrochemicals

• Jay Bharat Maruti

• GIC Housing Finance

• Avadh Sugar & Energy

• Advani Hotels and Resorts (India)

• Albert David

• Ind-Swift Laboratories

• Aarvi Encon

• Balkrishna Paper Mills

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Today’s IPOs

Open for Bidding:

• Indian Emulsifier Limited (IEML)

• Mandeep Auto Industries Limited (MANDEEP)

• Veritaas Advertising Limited (VERITAAS)

• ABS Marine Services Limited (ABSMARINE)

• Premier Roadlines Limited (PRLIND)

• Aztec Fluids & Machinery Limited (AZTEC)

• Piotex Industries Limited (PIOTEX)

• Energy-Mission Machineries (India) Limited (EMMIL)

Listing:

• Indegene Limited (INDGN)

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Today’s Economic Calendar

• 17:30 CPI Inflation Rate YoY April Data

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Nifty Futures - Key Levels

Bullish above 22165 and Bearish below 22050. 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.