Dalal Street Breakfast: 16 April 2024

Pre Market Report for the Indian Stock Market with Nifty Key Levels

Today’s Markets

US Market opened in green yesterday but closed in red. Asian markets have also opened lower. Gold and Crude Oil are up. GIFT Nifty is trading around 22171 indicating a lower start for the Indian market.

• US Cash Market: Dow 🔴 -0.65%, S&P500 🔴 - 1.2%, NASDAQ 🔴 -1.79%

• US Futures: 🔴 -0.06%

• Europe: London FTSE 🔴 -0.38%, Paris CAC 🟢 0.43% , Frankfurt DAX 🟢 0.53%

• Asia: Japan 🔴 -1.86% , China 🔴 -0.63%

• Commodities: Gold 🟢 +0.5% , Crude Oil 🟢 +0.7%

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Key Stock Updates

New Orders & Projects:

• Ramkrishna Forgings Limited secures a significant order to supply components for the Vande Bharat Train Set.

• Deep Industries Limited has received a Letter of Award from Oil India Limited valued at approximately INR 81 crores for a mobile rig package to be used in Tripura.

• Happy Forgings Limited confirms large international order for brake flanges.

Partnerships and Acquisitions:

• Intellect Design expands partnership with National Bank of Kuwait for digital banking transformation.

• Happiest Minds partners with MindSculpt Analytics to create AI-driven medical solutions.

• Sula Vineyards completes acquisition of N D Wines, now a subsidiary.

• Swan Energy acquires Reliance Naval through NCLT, plans share reissue and relisting.

Business Operations:

• TCS opens new delivery center in Londrina, Brazil, creating 1600 jobs.

• Thermax opens advanced water and wastewater solutions factory in Pune.

• Brigade Group to invest ₹400 Cr in developing office space in Chennai.

• Royal Orchid Hotels opens Regenta Central in Puri, expanding its presence in Eastern India.

• EaseMyTrip expands franchise network in Haryana with a new store in Karnal.

• Thomas Cook India expands forex services across Delhi-NCR.

• Radico Khaitan launches Kohinoor Reserve Indian Dark Rum at summit.

Management Changes:

• The Chief Financial Officer of Jammu and Kashmir Bank, Pratik D Punjabi, has resigned from his position.

Corporate Actions & Fund Raising:

• Motilal Oswal announces ₹1000 crore public issue of secured NCDs.

Key Deals:

• ICICI Lombard invests in Kotak Mahindra and SRF Limited.

• Marksans Pharma Limited: Massachusetts Institute Of Technology buys ₹104.28Cr

• Capacite Infraproject Ltd: Valiant Mauritius Partners Offshore Limited buys ₹17.52Cr

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Today’s Results Announcements

• CRISIL

• Den Networks

• Shree Ram Proteins

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Today’s IPOs

Open for Bidding:

• Ramdevbaba Solvent Limited (RBSL)

• Grill Splendour Services Limited (BIRDYS)

• Greenhitech Ventures Limited (GVL)

Listing:

• DCG Cables & Wires Limited (DCG)

• Teerth Gopicon Limited (TGL)

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Today’s Economic Calendar

• Passenger Vehicle Sales Data

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Nifty Futures - Key Levels

Bullish above 22393 and Bearish below 22341. 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.