Dalal Street Breakfast: 26 April 2024

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

Today’s Markets

• US Cash market ends in red. Dow 🔴 -0.98%, S&P500 🔴 -0.46%, NASDAQ 🔴 -0.64%.

• However US Futures are now trading higher at 🟢 +0.77%

• Europe mixed: London FTSE 🟢 0.48%, Paris CAC 🔴 -0.93% , Frankfurt DAX 🔴 -0.95%

• Asia opens higher: Japan Nikkei 🟢 0.4% , China Shanghai 🟢 0.68%

• Commodities: Gold 🟢 +0.18% , Crude Oil 🟢 +0.28%

• GIFT Nifty is trading higher above the open at 22700 indicating a positive opening for Nifty.

---

Key Stock Updates

Partnerships, Acquisitions & Investments:

• Tata Steel announces £1.25 billion investment for Electric Arc Furnace in Port Talbot, UK, ensuring steel sovereignty.

Business Operations:

• IndiGo orders 30 Airbus A350-900 aircraft, marking its entry into the wide-body aircraft segment.

• L&T Technology Services reorganizes into 3 segments: Mobility, Sustainability, and Hi-Tech, aiming for enhanced focus and innovation.

• PG Technoplast inaugurates a new integrated AC manufacturing facility in Rajasthan, enhancing production capacity and sustainability.

Key Deals:

• TruCap Finance Limited: OSC Global Processing Private Limited buys ₹5.52Cr

• One Point One Sol Ltd: BNP Paribas Financial Markets buys ₹5.4Cr

• Restaurant Brand Asia Ltd: FMRC Fidelity Emerging Markets Fund sells ₹25.91Cr

• India Pesticides Limited: Winro Commercial India Limited buys ₹15.69Cr

---

Today’s Results Announcements

• HCL Technologies

• Maruti Suzuki India

• Bajaj Finserv

• Bajaj Holdings & Investment

• Bank of Maharashtra

• Atul

• KSB

• Aditya Birla Sun Life AMC

• Force Motors

• Mahindra Lifespace Developers

• Mahindra Holidays and Resorts India

• Mastek

• Indiabulls Real Estate

• CSB Bank

• Eveready Industries India

• SBI Life Insurance Company

• Shriram Finance

• SBI Cards & Payment Services

• Supreme Industries

• Motilal Oswal Financial Services

• Usha Martin

• Paisalo Digital Ltd.

• Utkarsh Small Finance Bank

• VST Industries

• Shakti Pumps (India)

• Welspun Specialty Solutions

• Shree Digvijay Cement Company

---

Today’s IPOs

Listing:

• Faalcon Concepts Limited (FAALCON)

---

Today’s Economic Calendar

17:00 Foreign Exchange Reserves Data

---

Nifty Futures - Key Levels

Bullish above 22646 and Bearish below 22591. 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.