Get App
PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 24.5 points or 0.10 percent. The Nifty futures were trading around the 25,264 level.
All three major U.S. stock indexes registered record closing highs for a third straight session on Monday, led by gains in technology shares, with Nvidia gaining after it said it will invest up to $100 billion in OpenAI.
The Dow Jones Industrial Average rose 66.27 points, or 0.14%, to 46,381.54, the S&P 500 gained 29.39 points, or 0.44%, to 6,693.75, and the Nasdaq Composite gained 157.50 points, or 0.70%, to 22,788.98.
Asian stocks posted a modest gain at the open after Wall Street shares rallied to a new record, lifted by renewed big-tech optimism.
KOSPI Index and the Taiwanese weighted index went up 0.08 percent and 0.92 percent, while Hong Kong’s Hang Seng went down 0.33 percent.
STOCKS TODAY
Hyundai Motor India
Hyundai Motor India has recorded 11,000 dealer billings on the first day of the nine-day Navaratri festival, marking its best single-day performance in the past five years. Looking ahead, the company anticipates sustained festive demand. Additionally, Tapan Kumar Ghosh has resigned as the Function Head – National Sales of the company, effective October 3.
Alkem Laboratories
The company announced the launch of Pertuza injection 420mg/14mL, a pertuzumab biosimilar, in India for the treatment of HER2-positive breast cancer.
JBM Auto
The company’s subsidiary, JBM Electric Vehicles, entered into a strategic partnership with Al Habtoor Motors, UAE. Under this partnership, Al Habtoor Motors will be the exclusive importer and distributor of JBM’s electric buses in the UAE.
KEC International
The RPG Group company has secured new orders worth Rs 3,243 crore for transmission and distribution projects in the United Arab Emirates and the United States. With these orders, its year-to-date (YTD) order intake stands at Rs 11,700 crore.
Brigade Enterprises
The company has signed a Joint Development Agreement to develop a residential project in South Bengaluru. The project will span 7.5 acres with a gross development value (GDV) of approximately Rs 1,200 crore.
Rail Vikas Nigam
The company has emerged as the lowest bidder for a project worth Rs 145.3 crore from Southern Railway. The project involves the design, supply, erection, testing, and commissioning of traction sub-stations in the Salem division of Southern Railway.
Source – Moneycontrol