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PRE MARKET REPORT
Gift Nifty indicates a negative start for the broader index in India, with a loss of 1,508.91 points, or 1.96%, to close at 78,553.20, while the Nifty 50 settled 414.45 points, or 1.77%, higher at 23,851.65.
Mixed signals from international markets are contributing to cautious investor sentiment.
S&P 500 saw minor gains to settle higher by 0.13 percent, while the Nasdaq Composite slipped 0.13 percent. However, the Dow Jones index surged 1.3 percent in trade.
Asia-Pacific markets opened mixed on early Monday morning as investors awaited China’s rate decision at a time when the yuan has come under pressure due to Beijing-Washington trade tensions.
Japan’s benchmark Nikkei 225 fell over one percent, while the broader Topix index lost 0.9 percent. In South Korea, the Kospi index increased 0.22 percent at the open while the small-cap Kosdaq was flat. China-based Shanghai Composite was higher by 0.4 percent.
STOCKS TODAY
Tata Consultancy Services
TCS has partnered with Vianai Systems (a leading provider of enterprise-grade, domain-specific generative AI applications) to empower business leaders with cutting-edge GenAI tools for decision intelligence.
IndusInd Bank
The Board has approved the appointment of Santosh Kumar as Deputy CFO of the bank with one mind, effective April 18, and relieved Arun Khurana from the additional responsibility of CFO, effective April 17.
ABB India
ABB, the parent company, announced that it will begin preparations to propose a full separation of its Robotics division at the 2026 Annual General Meeting. The plan is for the division to be listed as an independent company and commence trading in the second quarter of 2026.
NIIT
The National Institute of Information Technology (NIIT), a skills and talent development corporation, announced the acquisition of a 70% stake in iamneo (a leading provider of deep-skilling technology training solutions through a scalable AI-powered SaaS platform).
Source – Moneycontrol
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