Dalal Street Breakfast: 20 September 2024
Dalal Street Breakfast: 20 September 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
The US Cash market closed higher. Dow closes above 42,000 for the first time in history following FED’s rate cut decision a day back.
Europe closed in green. Asia opens mixed.
GIFT Nifty is trading at 25530 indicating a flat opening for Nifty.
Nifty Key Levels: Bullish above 25510 and Bearish below 25469. 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:
Power Mech secures INR 865 crore O&M contract from Vedanta subsidiary.
DCX Systems secures INR 154.80 crore export order from Israel.
Slone Infosystems secures INR 11.55 crore order for ICT lab equipment.
Supreme Power wins INR 26 crore order from Solar Energy Company.
Partnerships, Acquisitions & Investments:
Whirlpool acquires additional 9.56% in Elica PB Whirlpool for INR 167 crore.
AU Small Finance Bank partners with Niva Bupa to offer health insurance.
Gateway Distriparks acquires 7.1 lakh Snowman Logistics shares, raising stake.
Jyothy Labs acquires Quiclo® brand to expand Hyderabad laundry services.
Unitech Ltd acquires 9.38 lakh shares of Unitech Holdings for INR 15 crore.
Business Operations:
Wockhardt’s Zaynich™ drug successfully treated severe, drug-resistant meningitis case.
IndoStar Capital sells IndoStar Home Finance to EQT for INR 1,750 crore.
Phoenix Mills' subsidiary Casper Realty wins bid for 13.14 acres in Mohali.
Firstsource expands to Australia, creating 400 jobs in Victoria.
Airtel and Cisco launch Airtel SD-Branch for simplified, secure networking.
Today’s Corporate Calendar
Today’s IPOs
Open for Bidding:
Listing:
Key Deals
Recent Insider Activity
Today’s Economic Calendar
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.