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PRE MARKET
Gift Nifty indicates a negative opening for the broader index in India, with a loss of 123 points or 0.49 percent. The Nifty futures were trading around 25,006.
The US stocks ended lower on Friday, with investors on edge over the Iran-Israel conflict heading into the weekend, as the U.S. considers whether to get involved.
The Dow Jones Industrial Average rose 35.16 points, or 0.08%, to 42,206.82, the S&P 500 lost 13.03 points, or 0.22%, to 5,967.84, and the Nasdaq Composite lost 98.86 points, or 0.51%, to 19,447.41.
Asian markets were down between 0.5-1 percent on Monday, after the United States’ attack on three nuclear sites in Iran raised oil prices and investors’ fears of an escalation in the Middle East conflict.
Japan’s Nikkei went down 0.59 percent, the Taiwanese Index decreased a notable 1.72 percent, and the Hong Kong Hang Seng also decreased 0.51 percent.
STOCKS TODAY
NLC India
The company’s subsidiary, NLC India Renewables, has received a Letter of Award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL) for the development of three standalone Battery Energy Storage System (BESS) projects with a total capacity of 250 MW/500 MWh, with complete two cycles of charging/discharging for on-demand usage. The projects will be implemented under the Build-Own-Operate (BOO) model with Viability Gap Funding (VGF) support under the state component.
Bajel Projects
Bajel Projects has secured an EPC contract worth over Rs 400 crore for transmission line and substation bay extension works in Madhya Pradesh, from Power Grid Corporation of India, on behalf of their special purpose vehicle (SPV) MEL Power Transmission.
Bharat Electronics
The company has secured additional orders worth Rs 585 crore since June 5. Major orders received include fire control and sighting systems for missiles, communication equipment, jammers, spares, and services.
Granules India
The US Food and Drug Administration has concluded the inspection of the company’s API Unit-I facility at Sangareddy, Hyderabad, with one observation in Form 483. The inspection was conducted between June 16–20. The company will respond to this observation within the stipulated time.
Waaree Renewable Technologies
The company has received an additional order worth Rs 246.92 crore under the existing contract for the execution of engineering, procurement, and construction (EPC) works for a ground-mount solar PV project of 2012.47 MWp capacity. With this addition, the order value has increased to Rs 1,480.40 crore.
CEAT
The Board of Directors will meet on June 25 to consider raising funds via money market instruments, commercial papers, debt instruments, non-convertible securities, or any other permissible mode of borrowing.
Source – Moneycontrol