Dalal Street Breakfast: 26 August 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market was up by 1% on Friday. US Futures trading in green.
Europe closed in green. Asia opens mixed. Japan is down by 1%.
GIFT Nifty is trading around 24900 indicating a positive opening for Nifty.
Today’s Corporate Calendar
Key Stock Updates
New Orders & Projects:
SEPC received INR 232 crore final acceptance for Hutti Gold Mines contract.
Deep Industries received INR 63 crore order for gas separation services.
Australian Premium Solar secures INR 14.54 crore order for solar panels and inverters.
GPT Infraprojects secures INR 13 crore contract for Eastern Railway.
Partnerships, Acquisitions & Investments:
Zydus acquires 50% of Sterling Biotech for INR 5,500 crore for proteins.
ONGC infuses INR 86.28 crore into OPaL, increasing stake to 81.28%.
Bikaji Foods acquires 55% of Ariba Foods for INR 60.49 crore.
Tata Power Solar partners with ICICI Bank for financing solutions.
Transindia Real Estate acquires 100% of Transindia Freight Services for INR 5.81 crore.
Business Operations:
PTC Industries acquires mill to boost titanium alloy production.
Sun Pharma introduces treatment for acute bacterial skin and skin structure infections.
Today’s IPOs
Open for Bidding:
Listing:
Key Deals
Recent Insider Activity
Nifty Futures - Key Levels
Bullish above 24881 and Bearish below 24826. 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 daily 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.