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PRE MARKET
Gift Nifty suggests a decent start, with the index trading above the 24,900 mark, up over 40 points, signalling continued investor optimism.
Futures on Wall Street advanced after U.S. President Donald Trump postponed the imposition of a 50% tariff on the European Union, initially set to take effect on June 1. The new implementation date is now July 9.
Following the announcement, Dow futures rose by as much as 320 points, while futures on the S&P 500 and Nasdaq climbed 45 and 200 points, respectively.
The U.S. markets are closed today in observance of the Memorial Day holiday.
Asian stocks were trading mixed on Monday. Japan’s Nikkei rose 0.6%, while Hong Kong’s Hang Seng fell 0.5%. The Shanghai Composite edged up 0.2%.
STOCKS TODAY
One97 Communications
The Supreme Court has stayed the proceedings of the show cause notice for a liability of Rs 5,712 crore against the company’s subsidiary, First Games Technology. On April 28, 2025, the Directorate General of GST Intelligence issued a show cause notice to First Games for a proposed liability of Rs 5,712 crore, along with applicable interest and penalties, from January 2018 to March 2023.
Eternal
Eternal (Zomato) may face passive outflows nearing $840 million as global index majors FTSE Russell and MSCI are set to reduce their weightage in the company’s portfolios, according to a report by CNBC TV-18, citing IIFL Capital Services. These changes follow a sharp reduction in the company’s foreign ownership limit (FOL), which has been cut from 100 percent to 49.5 percent.
Zydus Lifesciences
The company has received final approval from the United States Food and Drug Administration (USFDA) for Isotretinoin capsules. Isotretinoin capsules are indicated for the treatment of severe, disfiguring nodular acne. The capsules will be produced at the company’s manufacturing site in Moraiya, Ahmedabad.
NIBE
The company has received an export purchase order valued at $17.52 million (approximately Rs 150.62 crore) from a globally renowned defence technology company based in Israel. The order involves the manufacturing and supply of Universal Rocket Launchers.
Havells India
The company has decided to enhance its annual cable manufacturing capacity at its Alwar location by an additional 0.25 lakh km, with an investment of Rs 340 crore. This will increase the total annual cable manufacturing capacity at Alwar to 41.45 lakh km. The additional investment is proposed to be funded through internal accruals, and the expanded capacity is expected to be operational by September 2026.
Source – Moneycontrol
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