Dalal Street Breakfast: 31 May 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. US Futures trading further lower.
Europe closed in green.
Asia opens higher.
GIFT Nifty is trading around 22684 indicating a positive opening for Nifty.
Key Stock Updates
New Orders & Projects:
Subex secures European telecom USD 1.1 mn deal for AI Fraud Management solution.
MEIL receives INR 10.35 crore order from L&T Shipbuilding for DDU.
Partnerships, Acquisitions & Investments:
Kewal Kiran Clothing Limited acquires 50% stake in Kraus Casuals.
Tube Investments of India acquires 89.46% stake in IPLTech Electric.
KIMS Hospitals to establish 350-bed Super Specialty Hospital in Bengaluru in collaboration with PES.
Nahar Industrial will develop strategic logistics park at a cost of INR 105 crore.
TBO Tek invests INR 100 crore in Tek Travels DMCC, Dubai-based travel technology firm.
HDFC Bank's subsidiary acquires 8.5% shares of Truboard Technologies.
Trident Limited invests INR 50 lakhs in wholly-owned subsidiary.
Vikas Lifecare to acquire Ebix Inc. for strategic expansion.
Business Operations:
Prakash Pipes Limited commissions 3rd extrusion coating lamination line.
Hero MotoCorp launches Splendor+ XTEC 2.0, with premium features.
Schaeffler India empowers youth with EV maintenance skilling initiative.
Key Deals:
KFin Technologies Limited: Morgan Stanley Asia Singapore Pte buys ₹75.8Cr
KFin Technologies Limited: Employees Prov Fund Managed Byaberdeen Asset Mgmt Sdn Bhd buys ₹87Cr
KFin Technologies Limited: General Atlantic Singapore Fund Pte Ltd sells ₹712.81Cr
KFin Technologies Limited: Societe Generale buys ₹145.01Cr
IRB Infrastructure Develo: The Mtbj A/C Nomura India Inves Fd buys ₹256.59Cr
Awfis Space Solutions Ltd: Goldman Sachs Fds Goldman Sachs India Eq Portfolio buys ₹47.11Cr
Management Change:
Today’s Results Announcements
No Announcements today
Today’s IPOs
Open for Bidding:
Listing:
Today’s Economic Calendar
17:00 Foreign Exchange Reserves May Data
17:00 Deposit Growth YoY May Data
17:00 Bank Loan Growth YoY May Data
17:00 Infrastructure Output YoY April Data
17:30 GDP Growth Rate
Nifty Futures - Key Levels
Bullish above 22654 and Bearish below 22568. 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.