Dalal Street Breakfast: 18 June 2024
Dalal Street Breakfast: 18 June 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Futures are trading flat.
Asia opens in green.
GIFT Nifty is trading at 23590 indicating a positive opening for Nifty.
Key Stock Updates
New Orders & Projects:
KBC Global awarded USD $20 mn sub-contract by CRJE East Africa.
RIL awarded JNK India a mega order for Gas Cracker Unit, valued over INR 350 crore.
VPRPL awarded North Western Railway contract worth INR 90.897 crore.
RailTel received INR 24.15 crore order from Tamil Nadu Fibrenet Corporation.
Partnerships, Acquisitions & Investments:
Coromandel partners with ICAR-NBSS&LUP to improve Maharashtra farmers' nutrient management.
Puravankara’s subsidiary acquires land valued INR 122 crore in Goa.
Maithan Alloys acquired INR 60 crore worth of Hindustan Aeronautics Ltd. shares.
Havells will invest INR 50-60 crore in air conditioner manufacturing capacities.
Maithan Alloys acquired INR 30.07 crore worth of LIC shares.
RITES, DVC collaborate for rail infrastructure innovation in West Bengal and Jharkhand.
Business Operations:
Alembic Pharmaceuticals gains USFDA approval for Icatibant Injection.
Airtel Prepayment clears INR 7904 crores spectrum acquisition liabilities.
Management Changes:
Ms. Swetha Sagar as Manager & CBO of Butterfly Gandhimathi Appliances.
Lupin appoints Abdelaziz Toumi as CEO of Lupin Manufacturing Solutions.
Rahul Talele, the Group CEO of Kolte-Patil Developers Ltd resigned.
Today’s Results Announcements
No events
Today’s IPOs
Open for Bidding:
Listing:
Today’s Economic Calendar
No events
Nifty Futures - Key Levels
Bullish above 23491 and Bearish below 23412. 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.