Dalal Street Breakfast: 22 April 2024

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

Today’s Markets

• US S&P 500 Futures are now trading higher 🟢 +0.23% after the cash market closed lower on Friday.

• Asian Markets are trading higher: Japan Nikkei 🟢 +0.38% , China Shanghai 🟢 +0.37%

• Commodities: Gold 🔴 -0.91% , Crude Oil 🔴 -0.37%

• GIFT Nifty is trading higher above the open around 🟢 22276 indicating a positive opening for Nifty.

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Key Stock Updates

New Orders & Projects:

• JSW Neo Energy Limited, a subsidiary of JSW Energy Limited, secures 700 MW solar project from NTPC Limited.

• Dynamic Services & Security Limited secures prestigious solar project worth Rs. 725 Crores.

• Inox Wind secures 210 MW order from Hero Future Energies for 3 MW WTGs, including post-commissioning services.

Partnerships:

• Central Bank of India enters distribution agreement with Aditya Birla Sun Life AMC for mutual fund products.

Business Operations:

• Hero MotoCorp strengthens Nepal presence, inaugurates assembly facility with CG Motors.

• National Fertilizers Limited (NFL) has been granted Navratna status by the Government of India.

• UltraTech Cement Board approves capacity expansions in Parli and Dhule, Maharashtra, for future growth.

• Lupin launches Mirabegron Extended-Release Tablets in the United States.

• Zydus Lifesciences launches Mirabegron Tablets in US, expanding healthcare accessibility.

• Sentynl Therapeutics obtains UK approval for NULIBRY® to treat MoCD Type A, a rare genetic disorder.

• Star Cement Limited commences production at new clinker line.

• Ramkrishna Forgings' powertrain component supply approval put on hold.

• Sona BLW Precision Forgings Ltd. inaugurates new manufacturing plant in Mexico.

• NTPC Green Energy Limited partners with Indus Towers Limited for renewable energy projects.

• Deepak Fertilisers and Petrochemicals Corporation Limited announces partnership with Haifa Group to drive agricultural innovation in India.

Corporate Actions & Fund Raising:

• Vodafone Idea's follow-on public offer (FPO) of Rs 18,000 crore to close today. Subscribed 49% so far.

Key Deals:

• Electrosteel Cast: Ishares Global Water UCITS Etf buys ₹63.35Cr

• PTC India Limited: Ishares Global Clean Energy UCITS ETF buys ₹84.12Cr; BNP Paribas Arbitrage sells ₹34.93Cr; Ishares Global Clean Energy ETF buys ₹59.83Cr

• Ion Exchange (India) Ltd: Ishares Global Water UCITS Etf sells ₹46.26Cr

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Today’s Results Announcements

• Reliance Industries

• Hatsun Agro Products

• Tejas Networks

• Tamilnad Mercantile Bank

• Epigral

• Rallis India

• Kesoram Industries

• Rajratan Global Wire

• Mahindra Logistics

• Aarti Surfactants

For Results coverage from last week please check the post below.

Stocks that posted good results between April 15 to 19, 2024

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Today’s IPOs

Open for Bidding:

• Varyaa Creations Limited (VARYAA)

• Faalcon Concepts Limited (FAALCON)

• Vodafone Idea [Follow-on] (IDEAFPO)

Listing:

• Greenhitech Ventures Limited (GVL)

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Nifty Futures - Key Levels

Bullish above 22169 and Bearish below 22081. 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.