Dalal Street Breakfast: 25 April 2024

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

Today’s Markets

• The US Cash market ends flat. Dow 🔴 -0.11%, S&P500 🟢 +0.02%, NASDAQ 🟢 +0.1%.

• US Futures are now trading lower at 🔴 -0.62%

• Europe ends in red after opening in green: London FTSE 🔴 -0.06%, Paris CAC 🔴 -0.17% , Frankfurt DAX 🔴 -0.27%

• Asia opens lower: Japan Nikkei 🔴 -1.38% , China Shanghai 🔴 -0.23%

• Commodities: Gold 🔴 -0.33% , Crude Oil 🔴 -0.22%

• GIFT Nifty is trading below the open at 22350 suggesting a negative opening for Nifty.

*All price levels are updated around 7:45 AM. It is to provide a general trend of the market.

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Key Stock Updates

New Orders & Projects:

• GPT Infraprojects secures Rs 487 Cr contract from Central Railway.

• RVNL wins Rs. 239 crore project from Southern Railway.

Partnerships, Acquisitions & Investments:

• TCS and AWS form strategic partnership for cloud transformation initiatives.

• RITES collaborates with DVC for rail infrastructure; MoU signed on April 23, 2024.

• Reliance Industries Limited: Acquisition of MSKVY Nineteenth and Twenty-second Solar SPV Limited for Rs. 1 crore.

• ASK Automotive Limited forms strategic joint venture with AISIN Group Companies for passenger car aftermarket expansion.

• Maithan Alloys Limited notifies acquisition of shares in MOIL Limited.

Business Operations:

• RBI directs Kotak Bank to halt new customer onboarding, card issuance.

• STL unveils US-made fiber optic solutions compliant with BABA.

• Shyam Metalics introduces SEL Tiger Foil for innovative food preservation.

• Deepak Nitrite Limited: Insurance settlement of Rs. 127 crore post-fire incident.

Key Deals:

• Delhivery Limited: Canada Pension Plan Investment Board sells ₹908.59Cr; Smaller Cap World Fund Inc (35 Scwf/000035) buys ₹613.99Cr

• Cyient DLM Limited: BNP Paribas Financial Markets sells ₹52.08Cr

• Lloyds Luxuries Limited: Authum Investment & Infrastructure Limited buys ₹5.82Cr

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Today’s Results Announcements

• Bajaj Finance

• IndusInd Bank

• ACC

• Coromandel International

• Cyient

• Jai Balaji Industries

• Himadri Speciality Chemical

• AAVAS Financiers

• Glenmark Life Sciences

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Today’s IPOs

Open for Bidding:

• Emmforce Autotech Limited (EMMFORCE)

• JNK India Limited (JNKINDIA)

• Shivam Chemicals Limited (SHIVAMCHEM)

• Varyaa Creations Limited (VARYAA)

Listing:

• Vodafone Idea [Follow-on] (IDEAFPO)

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Nifty Futures - Key Levels

Bullish above 22437 and Bearish below 22384. Please note that the levels are plotted in the Nifty Futures chart. Please check this post to know how to use the key level system.

That’s all for today.