Dalal Street Breakfast: 2 August 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
Most Global Markets are in red. US Futures are also trading in red.
GIFT Nifty is trading at 24835 indicating a negative opening for Nifty.
Today’s Corporate Calendar
Key Stock Updates
New Orders & Projects:
Viviana Power Tech bags INR 60.42 crore contract for electrical network creation.
Konstelec awarded INR 28.50 crore Electrical contract from Arcelor Mittal Nippon Steel.
Bright Solar secures INR 24 crore order for solar LED street lights.
Goyal Salt receives INR 21.86 crore order from Jharkhand Government for distribution.
ARSS Infrastructure receives INR 20.25 crore work order from SCPL-ARSS JV.
Partnerships, Acquisitions & Investments:
Dr. Reddy's invests INR 734 crore in JV with Nestlé, signs license agreement for INR 821 crore.
AIA Engineering acquires 26% in Torrent Urja for hybrid power project.
Updater Services acquires additional 11.5% stake in Athena BPO Limited.
Starfish Associates is now a wholly owned subsidiary of Persistent.
Mahindra Lifespace invests INR 4.8 crore in Mahindra Parks Project 1 Pvt Ltd.
Dr. Reddy's subsidiary invests INR 2 crore in Clean Renewable Energy KK 2A Private Limited.
Business Operations:
Tata Technologies forms BMW TechWorks India subsidiary for automotive software.
Borosil Renewables forms a non-profit association, Solar Ancillary Manufacturers' Association.
Management Changes:
Nazara Technologies' Dhaval Sheth shifts to Paper Boat Apps as CFO/COO.
Rajratan Global Wire reappoints Sunil Chordia as Managing Director.
Canara Bank appoints Rakesh Kashyap as Group Chief Compliance Officer.
Today’s IPOs
Open for Bidding:
Listing:
Key Deals
Recent Insider Activity
Nifty Futures - Key Levels
Bullish above 25043 and Bearish below 24987. 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
That’s all for today.
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.