Dalal Street Breakfast: 9 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 2.3%. US Futures are trading flat.

Europe ended mixed. Asia opens in green.

GIFT Nifty is trading at 24380 indicating a positive opening for Nifty.

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Today’s Corporate Calendar

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Key Stock Updates

New Orders & Projects:

• Ceigall India wins INR 1042 crore projects.

• Goldiam receives INR 50 crore export order for lab-grown diamond jewellery.

Partnerships, Acquisitions & Investments:

• Bansal Wire acquires 100% stake in Bansal Steel & Power.

• Torrent Power incorporates 9 renewable energy subsidiaries.

• Exicom buys Tritium to boost EV charging business.

Business Operations:

• Prakash Industries gets final approval for Bhaskarpara coal mine.

• Jindal Steel reduces coking coal costs by sourcing from new regions.

• Brigade Group hosts 17th property expo "Brigade Showcase".

• Revolt Motors opens second COCO store in Delhi.

• Caplin Steriles gets USFDA approval for Timolol Maleate.

• Greaves Cotton approves ESOP plan.

• Shree Renuka Sugars refinances and repays USD 300 mn ECB.

• Tata Steel receives NCLT approval for The Indian Steel & Wire Products Ltd merger.

• Crompton Greaves Consumer Electricals launches InstaBliss 5L water heater.

• LIC denies government stake sale rumors.

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Today’s IPOs

Open for Bidding:

Listing:

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Key Deals

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Recent Insider Activity

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Nifty Futures - Key Levels

Bullish above 24208 and Bearish below 24122. 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.

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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.