Dalal Street Breakfast: 26 June 2024

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

Today’s Markets

• US Cash market ends mixed. Dow Down; Nasdaq Up.

• US Futures trading flat now.

• Europe closed in red.

• Asia opens in green.

• GIFT Nifty is trading above 23700 indicating a positive opening for Nifty.

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Key Stock Updates

New Orders & Projects:

• Kalpataru Projects International secures INR 2,333 crore orders.

• Time Techno gets new INR 55 crore LPG cylinder order from IOCL.

• Sotac gets INR 17 crore order from Rajasthan Medical Services Corporation.

• Tantia gets order worth INR 7.39 crore from Tripura government.

• Intellect signs 7-year deal with Vancity for digital banking platform.

Partnerships, Acquisitions & Investments:

• Imagica announces acquisition of MPIPL, a water park company for INR 208 crore.

Business Operations:

• JSW Steel to invest USD 110 mn in Baytown plant for offshore wind.

• Schaeffler India launches Planetary Gear Systems for hybrid vehicles.

• Muthoot Microfin gets IRDAI license to offer insurance.

• Westside launches home decor with Saaksha & Kinni.

Management Deals:

• IKIO Lighting CFO resigns to pursue other opportunities.

• Vivek Karve, CFO of Mahindra Finance resigns for personal reasons.

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Today’s Results Announcements

No events

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Today’s IPOs

Open for Bidding:

• Visaman Global Sales (VISAMAN)

• Mason Infratech (MASON)

• Sylvan Plyboard (India) (SYLVANPLY)

• Shivalic Power Control (SPCL)

• Petro Carbon and Chemicals (PCCL)

• Divine Power Energy (DPEL)

• Akiko Global Services (AKIKO)

• Allied Blenders and Distillers (ABDL)

• Diensten Tech (DTL)

• Vraj Iron and Steel (VRAJ)

• Nephro Care India (NEPHRO)

Listing:

• Akme Fintrade India (AFIL)

• DEE Development Engineers (DEEDEV)

• Falcon Technoprojects India (FALCONTECH)

• Durlax Top Surface (DURLAX)

• GEM Enviro Management (GEMENVIRO)

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Today’s Economic Calendar

• 17:00 M3 Money Supply YoY Jun Data

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Nifty Futures - Key Levels

Bullish above 23747 and Bearish below 23687. 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.