Dalal Street Breakfast: 18 July 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market ended mixed. Nasdaq tumbles 2.7%; Dow up by 0.59%. US Futures are now up by 0.3%. Europe ended mixed. Asia opens in red.
GIFT Nifty is trading at 24660 indicating a flat opening for Nifty.
Today’s Corporate Calendar
Key Stock Updates
New Orders & Projects:
KEC International secures new T&D orders worth INR 1100 crore.
RITES secured INR 50.18 crore order from Assam PWRD for road monitoring.
Master Components awarded INR 3.2 crore annual contract to supply automotive plastic parts.
Solex Energy awarded ₹3.07 crore contract for Smart Solar Street Light maintenance.
DEV IT secures INR 2 crore order from RajCOMP Info Services Ltd.
TechLabs awarded Defence Ministry contract worth INR 1.27 crore for PCB software.
Partnerships, Acquisitions & Investments:
Hahnair partners with RateGain to enhance airline pricing for 350+ global airlines.
Zensar acquires BridgeView to enhance Healthcare and Life Sciences capabilities.
Hinduja Tech acquires TECOSIM Group to enhance global engineering services.
UltraTech acquires 26% in Amplus Omega Solar for green energy.
Zydus announces licensing agreement with Takeda for Vault® in India.
Business Operations:
Glenmark Pharmaceuticals receives ANDA approval for Topiramate Capsules.
Balu Forge raises INR 496.80 crore to boost manufacturing capabilities.
Happiest Minds launches WATCH360, AI-powered Managed Infrastructure Services offering.
Navin Fluorine's subsidiary allots INR 2498 crore preference shares to parent company.
Som Distilleries' Power Cool Beer ranks second in Karnataka market.
Radico Khaitan launches award-winning Sangam World Malt Whisky in India.
Management Changes:
Mr. Raj Shankar Ray resigns as Managing Director & CEO of IFB.
OnMobile Global appoints Bikram Sherawat as President and COO.
Today’s IPOs
Open for Bidding:
Listing:
None
Key Deals
Recent Insider Activity
Nifty Futures - Key Levels
Bullish above 24667 and Bearish below 24615. 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.
Today’s Economic Calendar
No events
That’s all for today.