Gift Nifty indicates a positive start for the Indian market; US Market ended lower; Asian stocks opened higher

PRE MARKET

Gift Nifty indicates a positive start for the broader index in India, with a gain of 90.50 points or 0.36 percent. The Nifty futures were trading around the 25,285.50 level.

Wall Street ended mixed on Tuesday as investors digested mostly positive quarterly results from big U.S. banks, comments from Federal Reserve Chair Jerome Powell, and an ongoing U.S.-China trade war.

The S&P 500 declined – 0.16% to end the session at 6,644.31 points. The Nasdaq declined – 0.76% to 22,521.70 points, while the Dow Jones Industrial Average rose + 0.44% to 46,270.46 points.

Asian stocks rebounded after three days of losses, as optimism over a potential Federal Reserve interest-rate cut lifted sentiment and outweighed renewed US-China trade tensions.

Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese index went up 0.97, 1.46, and 0.64 percen,t respectively.

STOCKS TODAY

Keystone Realtors

Promoters Boman Rustom Irani, Percy Sorabji Chowdhry, and Chandresh Dinesh Mehta are set to sell up to 45.76 lakh shares (3.63% stake) in Keystone Realtors via an Offer-for-Sale (OFS) on October 15–16. The floor price has been fixed at Rs 550 per share.

Saatvik Green Energy

The company’s subsidiary, Saatvik Solar Industries, has received an order worth Rs 638.85 crore from three renowned independent power producers/EPC players for the supply of solar PV modules. Additionally, the company has received another order worth Rs 50.62 crore from renowned independent power producers/EPC for the supply of solar PV modules.

Mishra Dhatu Nigam

The company has secured an order worth Rs 306 crore. With this, the open order position of MIDHANI as of date stands at around Rs 2,212 crore.

DCM Shriram

The company has commissioned its Epichlorohydrin (ECH) plant of 35,000 TPA at its chemical complex in Jhagadia, Gujarat. The remaining capacity of 17,000 TPA will be commissioned shortly.

Ola Electric Mobility

The country’s largest pure-play EV company is set to launch a new product in the energy space on October 17 via a premiere on its official social media handles. The Promoter and CMD has tweeted about launching the first non-vehicle product this Diwali.

Lemon Tree Hotels

The company has signed a License Agreement for a new hotel property in Gandhidham. The property will be managed by its subsidiary, Carnation Hotels.

Source – Moneycontrol