Dalal Street Breakfast: 23 August 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash closes in red. Nasdaq down by 1.67%.
US VIX was up by 7.8% indicating that participants expect more volatility in the near term.
US Futures is trading in the green now.
Europe closed flat.
Asia opens in red.
GIFT Nifty is trading at 24840 indicating a flat opening for Nifty.
Key Stock Updates
New Orders & Projects:
Transformers and Rectifiers received USD 16.80 mn export orders from two international clients.
RailTel secured INR 52.66 crore order for biometric surveillance services.
Bharat Electronics receives orders worth INR 695 crore; total orders at INR 5920 crore.
Partnerships, Acquisitions & Investments:
Dalmia Cement acquires additional 7.31% stake in O2 Renewable Energy.
Bharat Forge invests INR 105.45 crore in Kalyani Powertrain Limited (KPTL).
Prism Johnson Ltd invested INR 18.72 crore for 50% in Sunbath Sanitary.
PowerGrid acquires Sirohi Transmission Limited for INR 18.74 crore.
GAIL and Petron sign MoU to explore setting up a bio-ethylene plant in India.
Business Operations:
Jain Irrigation pioneers tissue culture for coffee, signs MoU with Coffee Board.
Zen Technologies receives Indian patent for "TacSim®" Trigger Sensing System.
Today’s Corporate Calendar
Today’s IPOs
Open for Bidding:
Listing:
None
Key Deals
Recent Insider Activity
Nifty Futures - Key Levels
Bullish above 24874 and Bearish below 24808. 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
No events
That’s all for today.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This 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.