Dalal Street Breakfast: 19 September 2024
Dalal Street Breakfast: 19 September 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market closed in red. The US Federal Reserve cut interest rates by 50 basis points. US Market shot up higher after the announcement, but reversed towards the end of day to close in red.
Europe closed in red. Asia opens in green. Japan up 2.5%.
GIFT Nifty is trading at 25426 indicating a flat to positive opening for Nifty.
Nifty Key Levels: Bullish above 25396 and Bearish below 25349. 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.
Key Stock Updates
New Orders & Projects:
Winsol Engineers wins INR 4.49 crore contract from Adani Green Energy.
Pudumjee Paper awarded 15.4 MW solar power project to Prozeal.
Tata Power Renewable Energy secures a 400 MW hybrid project in Maharashtra.
TCS partners with McDonald’s Philippines to modernize IT systems.
Inox Wind gets 550 MW LoI from IGREL for wind project execution.
Partnerships, Acquisitions & Investments:
Aurobindo Pharma to acquire remaining 49% of GLS Pharma for INR 22.5 crore.
Lupin partners with Takeda to commercialize Vonoprazan in India for gastrointestinal treatments.
Business Operations:
SBI raises INR 7,500 crore through Tier 2 bonds at 7.33% coupon.
Airtel boosts Kolkata network with additional spectrum for improved connectivity.
Mamaearth expands offline reach by distributing through CSD nationwide.
Intellect launches WealthForce.AI in Middle East for AI-driven wealth management.
IGREL Renewables raises INR 300 crore from investors to boost renewable energy capacity.
Awfis launches 30,221 sq. ft. flexible workspace in GIFT City.
Suven's Ropanicant shows positive Phase-2a results for depression treatment.
Reliance Infrastructure cuts debt from INR 3,831 crore to INR 475 crore.
Today’s Corporate Calendar
Today’s IPOs
Open for Bidding:
Listing:
Key Deals
Recent Insider Activity
Today’s Economic Calendar
No events
That’s all for today. All the charts and data points are taken from Finvezto Toolkit. Try Finvezto Toolkit for 7 Days here.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This weekly 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.