Dalal Street Breakfast: 21 June 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market ends mixed. Dow up. Nasdaq down.
US Futures are trading flat.
Europe closed in green.
Asia opens mixed.
GIFT Nifty is trading around 23600 indicating a flat opening for Nifty.
Key Stock Updates
New Orders & Projects:
GE Power India secures INR 2.43 billion contract for turbine renovation.
Synergy Green secures 4 MW parts order from Senvion Wind Technology.
RailTel received Rs. 20.22 crore order from South Central Railway.
Jindal Stainless supplies steel for 100 freight wagons to Mozambique.
Partnerships, Acquisitions & Investments:
Amara Raja invests EUR 20mn, raises stake in InoBat AS to 9.32%.
Triveni Engineering acquires 36.34% of Sir Shadi Lal Enterprises for INR 44.83 crore.
CSTL invested Rs. 50 crore, acquiring 100% stake in CFCL subsidiary.
Kamdhenu Ltd acquired 1.56% stake in VMS TMT, worth INR 4.85 crore.
Business Operations:
Management Changes:
Today’s Results Announcements
Salasar Exteriors & Contour
Intec Capital
Today’s IPOs
Open for Bidding:
Listing:
None
Today’s Economic Calendar
10:30 HSBC Manufacturing PMI Flash Jun Data
10:30 HSBC Services PMI Flash Jun Data
10:30 HSBC Composite PMI Flash Jun Data
17:00 Deposit Growth YoY Jun Data
17:00 Bank Loan Growth YoY Jun Data
17:00 Foreign Exchange Reserves Jun Data
17:00 Monetary Policy Meeting Minutes
Nifty Futures - Key Levels
Bullish above 23630 and Bearish below 23572. 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.