Dalal Street Breakfast: 3 June 2024
Pre-Market Report for the Indian Stock Market with Nifty Key Levels at 8 AM
Today’s Markets
US Cash market ended higher on Friday. US Futures are now trading higher.
Asia opens higher.
GIFT Nifty is trading at 23432 indicating a gap up opening for Nifty.
Key Stock Updates
New Orders & Projects:
Ahluwalia Contracts secured two projects worth INR 2245.15 crore.
Solex Energy bags INR 119 crore contract for solar street lights in Bihar.
Lokesh Machines bags INR 42.6 mn supply order from Indian Army.
Partnerships, Acquisitions & Investments:
Puravankara acquires 12.75-acre Thane land for INR 4,000 crore.
Ganesha Ecosphere invests INR 16 crore in RACE Eco Chain Limited.
Endurance Tech’s subsidiary acquires Ingenia, enhancing automation capabilities.
Techno Electric & Engineering acquires NERES XVI Power Transmission.
BPCL partners with Signpost for digital hoardings in 60 cities.
Zydus Lifesciences acquires Zydus Medtech for medical device exploration.
Business Operations:
Wipro, Cisco, and AT&T launch Wipro VisionEDGE+ for retail transformation.
Sterling Holiday Resorts launches Spanish-themed hotel in Dehradun.
Jindal Stainless awarded fifth consecutive International Safety Award.
Cupid Limited gains vendor approval from GCPL for Kamasutra condoms.
Hero MotoCorp sells 498,123 units, strong demand for Xtreme 125R.
Maruti Suzuki India achieves sales of 174,551 units in May 2024.
Mahindra Auto sees 31% SUV sales growth and 17% total volume growth in May 2024.
Rossari Biotech forms Rossari Global DMCC, a wholly-owned subsidiary.
Management Change:
Today’s Results Announcements
Vintron Informatics
Super Crop Safe
Finelistings Technologies
Today’s IPOs
Open for Bidding:
Listing:
Today’s Economic Calendar
10:30 HSBC Manufacturing PMI Final May Data
Nifty Futures - Key Levels
GIFT Nifty is indicating a gap up opening after exit polls indicate a clear BJP/NDA Victory. Price might open above the levels mentioned below.
Bullish above 22735 and Bearish below 22682. 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.