Dalal Street Breakfast: 23 May 2024
Dalal Street Breakfast: 23 May 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market closed in red. However, US Futures are now trading in green.
Europe closed in red.
Asia opens mixed.
GIFT Nifty is trading around 22650 indicating a flat opening for Nifty.
Key Stock Updates
New Orders & Projects:
Bharat Electronics Limited secures orders totaling INR 1,150 crore.
TCS wins contract from Burgan Bank for core banking transformation.
Suzlon secures 402 MW wind energy orders from Juniper Green.
Brahmaputra Infrastructure Ltd. secures ₹38.75 Cr contract for riverbank protection.
DRC Systems receives a INR 2.26 crore order from the NSDC for Skill India Digital Platform.
Partnerships, Acquisitions & Investments:
Dhunseri Ventures indirectly acquires control in Waterford Orlando, LLC.
IKIO Lighting Limited's subsidiary acquires Ritech Holding Limited, UAE.
Oil India signs agreement with NRL for additional petroleum transportation.
Jubilant FoodWorks invests ₹30 Crores in Bangladesh subsidiary expansion.
Maithan Alloys buys Rail Vikas Nigam shares worth Rs. 29.05 Crore; It also acquires RITES Ltd. shares valued at Rs. 13.65 Crore.
Business Operations:
Key Deals:
Granules India Limited: Axis Mutual Fund buys ₹102.33Cr; Massachusetts Institute Of Technology buys ₹105.04Cr
Aarti Pharmalabs Limited: Baron Emerging Markets Fund sells ₹49.38Cr; Quant Mutual Fund buys ₹60.52Cr
Today’s Results Announcements
Fortis Healthcare
Bayer CropScience
CESC
Cello World
Finolex Cables
Concord Biotech
Bikaji Foods International
Esab India
Bannariamman Sugars
Bajel Projects
Amrutanjan Health Care
Expleo Solutions
Barbeque Nation Hospitality
Allied Digital Services
Asian Granito India
Today’s IPOs
Open for Bidding:
Listing:
Today’s Economic Calendar
10:30 HSBC Manufacturing PMI Flash YoY May Data
10:30 HSBC Services PMI Flash YoY May Data
10:30 HSBC Composite PMI Flash YoY May Data
Nifty Futures - Key Levels
Bullish above 22682 and Bearish below 22649. 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.