Dalal Street Breakfast: 14 May 2024

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

Today’s Markets

• US Cash market ends mixed. Dow 🔴 -0.21%, S&P500 🔴 -0.02%, NASDAQ 🟢 0.29%.

• US Futures is now trading flat at 🔴 -0.05%.

• Europe ended in red: London FTSE 🔴 -0.22%, Paris CAC 🔴 -0.12%, Frankfurt DAX 🔴 -0.16%

• Asia opens mixed: Japan Nikkei 🟢 +0.05% , China Shanghai 🔴 -0.31%

• Commodities: Gold 🟢 +0.26% , Crude Oil 🟢 +0.1%

• GIFT Nifty is trading around 22265 indicating a positive opening for Nifty.

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Key Stock Updates

New Orders & Projects:

• Rail Vikas Nigam accepted Southern Railway's project for Automatic Block Signaling system.

• Goldiam secured Rs. 30 crores export orders for lab-grown jewelry.

• Sarveshwar Foods secures contract to supply Basmati Rice to Shri Mata Vashino Devi Shrine Board.

• WABAG secures USD $49M DBO from KUKL Nepal for wastewater treatment plants.

Partnerships, Acquisitions & Investments:

• Coromandel Technology invests INR 150 crore in Dhaksha.

• Hero MotoCorp joins ONDC Network, enhancing customer reach and convenience.

• Motherson Sumi Systems acquires 100% stake in SSCP Aero Topco.

• SBI joins IIBX as first bank TCM member in Gift City.

• Airtel partners with Google Cloud to boost cloud adoption, AI solutions.

• Fineotex is exploring acquisition of specialty chemical firm aligning with growth strategies.

Business Operations:

• TVS Motor launches new variants of TVS iQube electric series.

• Landmark Cars to open Mercedes-Benz Sales Outlet in Bhopal, Madhya Pradesh.

• Eurogrip Tyres opens first branded store in Chennai, expands services.

• Royal Orchid Hotels launches 'The World' in Surat, Gujarat, offering luxury accommodations.

• Airtel expands network in Patan District, benefiting rural population.

• SpiceJet introduces daily flights connecting Delhi and Phuket, Thailand.

• HGS launches advanced Cybersecurity solutions leveraging AI and ML technologies.

Management Changes:

• Nuvama Wealth's CEO Mr. Mihir Nanavati resigns, Mr. Ashish Kehair re-appointed as MD and CEO. Mr. Bharat Kalsi joins as the CFO.

• Prestige Estates announces senior management changes after CEO's resignation.

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Today’s Results Announcements

• Bharti Airtel

• Bharti Hexacom

• AIA Engineering

• Apar Industries

• Apollo Tyres

• BASF India

• Bajaj Electricals

• Archean Chemical Industries

• Aurionpro Solutions

• Balu Forge Industries

• Andhra Paper Limited

• Abans Holdings

• Andhra Cement

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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)

Listing:

• Finelistings Technologies Limited (FTL)

• Winsol Engineers Limited (WINSOL)

• Refractory Shapes Limited (REFRACTORY)

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Today’s Economic Calendar

• 12:00 WPI Inflation YoY April Data

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Nifty Futures - Key Levels

Bullish above 22227 and Bearish below 22165. 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.