Dalal Street Breakfast: 15 April 2024
Pre Market Report for the Indian Stock Market with Nifty Key Levels
Today’s Markets
Tensions continue to persist in the Middle East. However, US Futures are trading in green. Asia has had a mixed start with Japan negative and China positive. Japan is rebounding from the day’s lows. GIFT Nifty is around 22477 indicating a neutral start for Indian Markets.
US Cash Market: Dow 🔴-1.24%, S&P500 🔴-1.46%, NASDAQ 🔴-1.62%
US Futures: Dow Futures 🟢 +0.21%, S&P500 🟢 +0.25%, NASDAQ 🟢 +0.28%
Europe: London FTSE 🟢 0.91%, Paris CAC 🔴 -0.16% , Frankfurt DAX 🔴 -0.13%
Asia: Japan 🔴 -1.07% , China 🟢 +0.7%
Commodities: Gold 🟢 +0.8% , Crude Oil 🔴 -0.35%
GIFT Nifty: 🟢 +0.13%
Key Stock Updates
New Orders & Projects:
Rail Vikas Nigam secures Rs 95.95 Crore electrification project.
Subex secures deal with APAC telecom leader for AI-driven assurance.
Partnerships and Acquisitions:
JSW Energy acquires 45 MW Vashpet Wind Project from Reliance Power.
Mphasis collaborates with AWS to launch Gen AI Foundry for financial services.
Happiest Minds partners with ENERCON for sustainable wind energy solutions.
Business Operations:
Lupin's Dabhasa facility passes US FDA inspection without observations.
G E Shipping acquires 2010 tanker "Jag Priya" for expansion.
Manorama Industries launches new 25,000-tonne fractionation plant.
Sun TV Network launches new channel SUN NEO, available worldwide.
Revolt Motors launches COCO store, revolutionizing EV experience in Delhi.
CAMS hires top tech talent from IIT, IIMs including 10+ PhDs in AI under its FUEL Program
Management Changes:
Datamatics appoints Dinesh Kumar VK as Executive Vice President and Global Sales Head.
Finolex CFO, Niraj Kedia, resigns due to family commitments, effective June 30, 2024.
Corporate Actions & Fund Raising:
Today’s Results Announcements
Atam Valves Ltd.
GTPL Hathway Ltd.
Today’s IPOs
Open for Bidding:
Greenhitech Ventures Limited - Specializes in distributing petroleum-based products, including biofuels, bitumen, and oils, to meet industrial needs
Grill Splendour Services - Chain of gourmet Bakery and Patisserie outlets across Mumbai
Ramdevbaba Solvent - Specializes in the production and distribution of physically refined rice bran oil
Today’s Economic Calendar
11:30 Passenger Vehicle Sales Data
12:00 WPI Inflation Data
15:30 India Balance of Trade Data
Nifty Futures - Key Levels
Bullish above 22635 and Bearish below 22590. 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.