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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 80 points or 0.33 percent. The Nifty futures were trading around the 24,679 level.
US stocks slumped on Friday, and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure.
The Dow Jones Industrial Average fell 542.40 points, or 1.23%, to 43,588.58, the S&P 500 lost 101.38 points, or 1.60%, to 6,238.01, and the Nasdaq Composite lost 472.32 points, or 2.24%, to 20,650.13.
The S&P 500 recorded its biggest single-day percentage decline since May 21, while the Nasdaq suffered its biggest daily percentage drop since April 21.
Asian share markets followed Wall Street lower on Monday as fears for the U.S. economy returned with a vengeance, spurring investors to price in an almost certain rate cut for September and undermining the dollar.
Japan’s Nikkei and the Taiwanese weighted index went down 1.79 and 0.63 percent, respectively, Hong Kong’s Hang Seng and the KOSPI index went up 0.07 and 0.71 percen,t respectively.
STOCKS TODAY
Muthoot Capital Services
The company has completed a securitization transaction, raising Rs 136 crore in multiple tranches through the assignment of two-wheeler loan receivables aggregating to Rs 143.97 crore. The entire pool is from the non-priority sector.
Dilip Buildcon
Dilip Buildcon–RBL Joint Venture has emerged as the L-1 bidder for the Gurugram Metro Rail project worth Rs 1,503.63 crore. The project involves the construction of a viaduct and 14 elevated stations.
PNB Housing Finance
Jatul Anand has been designated as Executive Director (not a board member), and Valli Sekar has been appointed as Chief Business Officer – Affordable Business, effective August 2. Both were previously function heads.
Karnataka Bank
Ramaswamy Subramanian has resigned from the position of Chief Product Officer to explore opportunities outside the organization.
RailTel Corporation of India
The company has received an advance work order from Bharat Sanchar Nigam Limited (BSNL) for services amounting to Rs 166.38 crore.
Thermax
Shareholders have approved the re-appointment of Ashish Bhandari as the Managing Director, Chief Executive Officer (MD & CEO) of the company for five years, effective September 1, 2025.
Source – Moneycontrol