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PRE MARKET
Gift Nifty indicates a flat start for the broader index in India, with a gain of 2 points or 0.02 percent. The Nifty futures were trading aroundthe 25,262 level.
US stocks ended in negative territory on Thursday as investors, left with no economic data or any sentiment-swaying catalysts, took the opportunity to consolidate ahead of the third-quarter earnings season.
The Dow Jones Industrial Average fell 243.36 points, or 0.52%, to 46,358.42, the S&P 500 lost 18.61 points, or 0.28%, to 6,735.11, and the Nasdaq Composite lost 18.75 points, or 0.08%, to 23,024.63
Asian stocks limped towards the end of the week on a shaky footing on Friday as declines on Wall Street lingered into early trading, while commodity markets took a breather after their recent charge higher.
Japan’s Nikkei and Hong Kong’s Hang Seng went down 0.81 percent and 1.070 percent, respectively.
STOCKS TODAY
Lloyds Engineering Works
The company has entered into a Memorandum of Understanding (MoU) with FlyFocus Sp. z o. o. to jointly develop and manufacture the Defender SIGINT UAV, a next-generation unmanned aerial platform for signals intelligence (SIGINT) and electronic surveillance applications.
NTPC Green Energy
The company’s subsidiary, NTPC Renewable Energy, has signed an MoU with the Gujarat Government for the development of solar parks and projects with a cumulative capacity of 10 GW and wind projects of 5 GW in the state.
RailTel Corporation of India
The company has received a Letter of Intent (LoI) from CEG – Centre for e-Governance, Karnataka, for an order worth Rs 18.22 crore. The order involves procurement of back-to-back OEM support for existing KSWAN 2.0 routers and switches.
Mahindra and Mahindra
The automobile company announced production of 99,758 units in September, a 24.4% increase from 80,179 units in the same month last year. Sales during the same period rose 13.9% to 97,744 units from 85,800 units. Exports surged 44% to 4,458 units compared to 3,094 units a year ago.
Natco Pharma
The Commercial Appellate Division of the Delhi High Court has dismissed an appeal filed by Swiss pharmaceutical company F. Hoffmann-La Roche AG, paving the way for Natco to launch a generic version of the drug ‘Risdiplam’, used in the treatment of the debilitating disease Spinal Muscular Atrophy. Natco has decided to launch the product with immediate effect at an MRP of Rs 15,900.
MIRC Electronics
Authum Investment & Infrastructure now holds 21.25% (including a pre-holding of 0.07%) of equity shares in MIRC Electronics, with a total investment of Rs 131.62 crore. This is instead of the preferential allotment of 7.83 crore equity shares at Rs 16.81 per share.
Source – Moneycontrol