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PRE MARKET
Gift Nifty indicates a flat to negative start for the broader index in India, with a loss of 44.5 points or 0.17 percent. The Nifty futures were trading around the 25,874.50 level.
The S&P 500 and the Nasdaq closed higher on Monday, with artificial intelligence-related deals driving much of the gains even as the Federal Reserve’s near-term monetary policy grew increasingly foggy due to the scarcity of official U.S. economic data.
The Dow Jones Industrial Average fell 226.19 points, or 0.48%, to 47,336.68, the S&P 500 gained 11.77 points, or 0.17%, to 6,851.97, and the Nasdaq Composite gained 109.77 points, or 0.46%, to 23,834.72.
Asian stocks opened lower Tuesday after weaker US economic data and uncertainty over the Federal Reserve’s policy outlook weighed on sentiment.
Japan’s Nikkei and Hong Kong’s Hang Seng went up 0.12 percent and 0.30 percent, while the KOSPI index went down 1.61 percent.
STOCKS TODAY
Cipla
The company has entered into definitive agreements to acquire a 100% stake in Inzpera Healthsciences for Rs 110.65 crore. With this acquisition, Inzpera will become a wholly owned subsidiary of the company.
Lemon Tree Hotels
The company has launched its ninth hotel property in Uttarakhand, the Lemon Tree Hotel, Mall of Dehradun, Dehradun, comprising 98 rooms. The hotel is managed by its subsidiary, Carnation Hotels.
Zee Media Corporation
The Board has approved the appointment of Raktimanu Das as the Chief Executive Officer of the company, effective November 4.
Zydus Lifesciences
The Board will meet on November 6 to consider a proposal for raising funds of up to Rs 5,000 crore through qualified institutions placement(s), rights issue, preferential allotment, or private placement(s).
Info Edge India
The company will invest Rs 100 crore in its subsidiary, Redstart Labs (India). Redstart Labs is an internet company with direct and indirect investments in technology companies.
Source – Moneycontrol