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PRE MARKET
Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 38 points or 0.15 percent. The Nifty futures were trading around the 24,938.50 level.
The Nasdaq notched a record high close on Monday, lifted by a rally in Broadcom, while the S&P 500 also gained as investors bet the Federal Reserve will soon lower borrowing costs to shore up economic growth.
Investors expect multiple interest rate cuts this year after a troubling nonfarm payrolls report on Friday added to concerns about a weakening U.S. job market.
The Nasdaq gained 0.45% to 21,798.70 points, its highest close ever. The Dow Jones Industrial Average rose 0.25% to 45,514.95 points. The S&P 500 is up about 10% so far in 2025, and the Nasdaq has climbed about 13%.
Asian stocks climbed on Tuesday as Wall Street’s upbeat mood ahead of expected Federal Reserve rate cuts flowed into regional trading.
Japan’s Nikkei, Hong Kong’s Hang Seng the Taiwanese weighted index went up 0.31, 1.29, and 0.89 percent, respectively.
STOCKS TODAY
Voltamp Transformers
Promoter Kunjal Patel is likely to sell up to 7.88 lakh shares (7% stake) in the company via block deals, with an offer size of $67 million and a floor price of Rs 7,600 per share.
RailTel Corporation of India
The company has received multiple orders worth Rs 713.55 crore from the State Project Director (SPD), Bihar Education Project Council (BEPC).
Strides Pharma Science
The company’s step-down wholly owned subsidiary, Strides Pharma Global, Singapore, has entered into a strategic product development partnership with Kenox Pharmaceuticals for the development and filing of multiple nasal spray products for the US market across diverse therapeutic indications.
Housing & Urban Development Corporation
HUDCO has signed a Memorandum of Understanding (MoU) with the Nagpur Metropolitan Region Development Authority (NMRDA), Maharashtra, to provide funds of up to Rs 11,300 crore over five years for land acquisition, housing, and infrastructure development in the Nagpur Metropolitan Region.
RSWM
The Board has decided to drop the project of setting up a greenfield unit at Kathua, Jammu, with a planned capex of Rs 740 crore for manufacturing recycled PET chips and recycled filament yarn, and to surrender the land allotted for the said project.
Brigade Enterprises
Brigade Group has signed a luxury residential project in East Bengaluru. This joint development project spans approximately 10.75 acres, with a total saleable area potential of 2.5 million square feet and an estimated gross development value of around Rs 2,500 crore.