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PRE MARKET
Gift Nifty indicate a positive start for the broader index in India, with a gain of 31 points or 0.12 percent. The Nifty futures were trading around 25,526 level.
Wall Street rallied on Thursday to record closing highs, as chipmaker Nvidia rose closer to a $4 trillion valuation and a surprisingly strong U.S. jobs report cheered investors, who shrugged off dimming chances for an interest rate cut this month.
The S&P 500 gained 51.94 points, or 0.83%, to 6,279.36 and the Nasdaq Composite gained 207.97 points, or 1.02%, to 20,601.10. The Dow Jones Industrial Average rose 344.11 points, or 0.77%, to 44,828.53.
Asian shares traded in a tight range Friday as renewed trade tensions ahead of next week’s deadline for higher levies outweighed a record-extending rally in US stocks.
Japan’s Nikkei went up 0.11 percent, while the Taiwanese weighted index, Hong Kong’s Hang Seng went down by 0.37 and 1.40 percent.
STOCKS TODAY
Emcure Pharmaceuticals
BC Investments IV (Bain Capital) is likely to sell a 2.4% equity stake in the company via block deals, reports CNBC-TV18 quoting sources. The deal size may be around Rs 551 crore. As of March 2025, BC Investments IV held an 8.68% stake in Emcure.
Piramal Pharma
American investment giant Carlyle Group is planning to sell up to a 10% stake in Piramal Pharma via block trades, which could earn the private equity firm around Rs 2,600–2,700 crore. As of March 2025, Carlyle held an 18% stake in Piramal Pharma.
Reliance Industries
Reliance Retail Ventures (RRVL) announced a strategic minority investment in UK-based FACEGYM, a global innovator in facial fitness and skincare. This marks a pivotal step in RRVL’s continued expansion into the high-growth beauty and wellness space.
Godavari Biorefineries
The company has been granted a patent in Europe for its novel anticancer molecule. This patent is now validated in Spain, the UK, and as a Unitary Patent. It covers a highly potent anticancer compound with proven efficacy against cancer and cancer stem cells, under the Anti-Cancer Research segment.
Oil and Natural Gas Corporation (ONGC)
ONGC has signed an agreement with Japan’s Mitsui O.S.K. Lines to build, own, and operate two Very Large Ethane Carriers (VLECs). These carriers will transport imported ethane to ONGC Petro Additions (OPaL), a subsidiary of ONGC, for captive feedstock use.
Source – Moneycontrol