Gift Nifty indicates a muted start for the Indian market; US Market ended lower; Asian stocks opened also opened lower following the Wall Street

PRE MARKET

Gift Nifty indicates a muted opening for the broader index in India, with a loss of 6 points or 0.02 percent. The Nifty futures were trading aroundthe 25,218 level.

US stocks closed lower on Tuesday as investors, deprived of economic data resulting from the shuttered government, looked to secondary indicators and remarks from US Federal Reserve officials for clues regarding economic weakness and monetary policy.

The Dow Jones Industrial Average fell 91.99 points, or 0.20%, to 46,602.98, the S&P 500 lost 25.69 points, or 0.38%, to 6,714.59, and the Nasdaq Composite lost 153.30 points, or 0.67%, to 22,788.36.

Asian equities fell, led by technology stocks, after Wall Street’s pullback from record highs fueled caution about lofty valuations and AI-related spending.

Japan’s Nikkei went up 0.05 percent, while Hong Kong’s Hang Seng and the Taiwanese weighted index went down 1.21 percent and 0.93 percent

STOCKS TODAY

Saatvik Green Energy

The company has received an order worth Rs 488 crore from renowned independent power producers/EPCs for the supply of solar PV modules. In addition, its subsidiary, Saatvik Solar Industries, has received an order worth Rs 219.62 crore from three renowned independent power producers/EPCs for the supply of solar PV modules.

Container Corporation of India

CONCOR has entered into a strategic agreement with UltraTech Cement to transport bulk cement using specialized tank containers.

Lloyds Metals and Energy

The Competition Commission of India has approved the acquisition of a 49.99% stake in Thriveni Pellets by Lloyds Metals and Energy.

IRB Infrastructure Developers

The company has announced toll collections of Rs 556.7 crore for September, marking an 11% increase from Rs 501.8 crore in the same month last year.

Associated Alcohols & Breweries

After obtaining an SL-1 license from the Excise Department, the company has started the manufacture, processing, and maturation of malt spirits at its Barwaha facility.

KPIT Technologies

The company, through its wholly owned subsidiary KPIT Technologies (UK), has acquired a further stake of 62.9%, taking the total KPIT Group shareholding in N-Dream to 88.9% for EUR 16.35 million. As a result, N-Dream has become a step-down subsidiary of the company.

Source – Moneycontrol