Dalal Street Breakfast: 19 August 2024

Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM

Today’s Markets

US Futures trading in green. Asia opens mixed.

GIFT Nifty is trading at 24670 indicating a positive opening for Nifty.

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Today’s Corporate Calendar

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Key Stock Updates

New Orders & Projects:

• Genus Power wins INR 2,925.52 crore orders for smart metering infrastructure.

• DCX Systems receives INR 107.08 crore order for electronic kits and harnesses.

Partnerships, Acquisitions & Investments:

• Samvardhana Motherson completes 34% acquisition in Motherson Auto Solutions.

• Techno Electric collaborates with IndiGrid to develop greenfield transmission projects.

• Somany Ceramics increases shareholding in SSCPL to 60%.

• JSW Steel acquires 66.67% economic interest in M Res NSW.

• Adani Wilmar acquires 67% stake in Omkar Chemical Industries.

Business Operations:

• Urja Global pre-launches high-speed electric scooter "CHETNA" with RTO compliance.

• Brigade Group and Accor Launch ibis Styles Mysuru, their 4th joint hotel.

Management Changes:

• Mahindra Finance appoints Mod Narayan Singh as Chief Compliance Officer.

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Today’s IPOs

Open for Bidding:

Listing:

None

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Key Deals

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Recent Insider Activity

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Nifty Futures - Key Levels

Bullish above 24607 and Bearish below 24560. 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.

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Today’s Economic Calendar

No events

That’s all for today.

Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This update highlights market trends and upcoming events for your awareness. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.