Dalal Street Breakfast: 18 April 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels
Today’s Markets
The US Cash market ends in red. Selling continued in Tech Stocks. Dow 🔴 -0.12%, S&P500 🔴 -0.58%, NASDAQ 🔴 -1.15%
However, US Futures are now trading higher at 🟢 +0.16%
Europe: London FTSE 🟢 0.35%, Paris CAC 🟢 0.62% , Frankfurt DAX 🟢 0.02%
Asia: Japan 🔴 -0.06% , China 🔴 -0.21%
Commodities: Gold 🔴 -0.33% , Crude Oil 🔴 -0.04%
GIFT Nifty is up at 22180 after closing at 22112 yesterday. It is suggesting a neutral to positive opening for Nifty.
Key Stock Updates
New Orders & Projects:
Happy Forgings secures large order for US utility vehicle brake flanges.
Dynacons secures Rs. 233 crore contract from NABARD for CBS upgrade and migration.
Remsons Industries secures Rs. 30 Crore Tata Motors order for winches.
Partnerships, Acquisitions & Investments:
Tata Consumer acquires 99.99% of Organic India shares from Fabindia.
Adani family invests INR 20,000 Cr in Ambuja Cements, raising stake to 70.3%.
Axis Bank completes subscription to Max Life Insurance equity shares.
Axis Bank and Shoppers Stop launch co-branded credit card collaboration.
Aster DM Healthcare Ltd acquires 26% stake in Oyster Green Hybrid Two Private Limited.
Biocon Limited signs licensing deal with Biomm S.A. for generic Ozempic in Brazil.
Sasken Technologies and JOYNEXT partner to advance automotive innovation.
Adani Enterprises forms joint venture King Power Ospree Pte. Ltd., Singapore.
Veranda Learning and Pearson collaborate for comprehensive hybrid education solutions.
Ratnamani establishes wholly-owned subsidiary in UAE for steel trading.
Business Operations:
Paytm receives NPCI approval, accelerates user migration to PSP banks.
Happiest Minds introduces GenAI chatbot 'hAPPI' for Happiest Health.
Caplin Steriles receives USFDA approval for Ofloxacin Ophthalmic Solution.
Corporate Actions & Fund Raising:
Today’s Results Announcements
Infosys
Bajaj Auto
HDFC Life Insurance Company
ICICI Securities
Network 18 Media & Investments
Mastek
TV18 Broadcast
Swaraj Engines
Accelya Solutions India
Today’s IPOs
Open for Bidding:
Today’s Economic Calendar
Passenger Vehicles Sales YoY (Mar)
Nifty Futures - Key Levels
Bullish above 22198 and Bearish below 22113. 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.