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PRE MARKET
Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 27 points or 0.11 percent. The Nifty futures were trading around the 25,171.50 level.
US stocks ended higher, boosted by a rally in Tesla. Investors bet on positive results from U.S.-China trade talks aimed at defusing a tariff dispute that has roiled global markets this year.
The S&P 500 climbed 0.55% to end the session at 6,038.81 points. The Nasdaq gained 0.63% to 19,714.99 points, while the Dow Jones Industrial Average rose 0.25% to 42,866.87 points.
Asian stocks posted modest gains after Chinese and US officials struck an optimistic tone from two days of talks in London aimed at cooling trade tensions.
Japan’s Nikkei went up 0.45 percent, Hong Kong’s Hang Seng and the Taiwanese index increased 0.60 and 0.47 percent respectively.
STOCKS TODAY
Aditya Birla Capital
Jomei Investments (Advent International) is likely to sell a 1.4% equity stake in the company via block deals. The total block size may be around Rs 856 crore, with a floor price of Rs 237.8 per share.
Talbros Automotive Components
Talbros, along with its joint ventures, has received orders worth Rs 580 crore for both the domestic and export markets from leading OEMs. These orders are to be executed over the next five years and include products across all of the company’s lines—gaskets, heat shields, forging components, chassis, and hoses.
IREDA
Indian Renewable Energy Development Agency has raised Rs 2,005.90 crore through the allotment of 12.14 crore equity shares to eligible qualified institutional buyers. Investors include Life Insurance Corporation of India, Societe Generale, Morgan Stanley Asia (Singapore), and Vikasa India EIF I Fund. The shares were issued at a price of Rs 165.14 per share.
Wipro
The AI-powered technology services and consulting company has announced the extension of its partnership with Metro AG, an international food wholesaler, for an additional two years. Under the renewed agreement, Wipro will continue to provide Metro with integrated digital services across cloud, data, application development, and AI-enabled IT support.
Kaynes Technology India
Kaynes Semicon, a wholly owned subsidiary of Kaynes Technology India, has entered into an asset purchase agreement with Fujitsu General Electronics, Iwate, Japan, to acquire production lines for power modules and other identified assets for yen 1.59 billion.
Source – Moneycontrol