Get App
PRE MARKET
Gift Nifty indicate a positive start for the broader index in India, with a gain of 130.5 points or 0.49 percent. The Nifty futures were trading around 26,517.50 level.
US stocks climbed on Friday in thin trading volume during a shortened session after Thanksgiving, driven by gains in retail and a recovery in tech stocks. Expectations for a Federal Reserve rate cut in December strengthened throughout the week, helping underpin sentiment across equity markets.
The Dow Jones Industrial Average rose +0.61%, to 47,716.42 points, the S&P 500 gained +0.54%, to 6,849.09 points and the Nasdaq Composite added +0.65%, to 23,365.69. All of the major S&P 500 sectors were up except healthcare, with pharmaceutical Eli Lilly down 2.6%.
Asian stocks swung between gains and losses following modest US gains on Friday, with investors turning focus to a slew of economic data ahead of an expected Federal Reserve interest-rate cut this month.
Japan’s Nikkei and Taiwanese weighted index went down -1.65 and -0.21 percent, while Hong Kong’s Hang Seng went up +1.13 percent.
STOCKS TODAY
NCC
In addition to a major order worth Rs 2,062.71 crore, the company received three other orders totaling Rs 530.72 crore in November. Of these three orders, Rs 321.18 crore pertains to the buildings division, Rs 129.77 crore relates to the water division, and Rs 79.77 crore pertains to the transportation division.
Brigade Enterprises
Brigade Group has signed a Joint Development Agreement (JDA) with a landowner to develop a premium residential project in Begumpet, Hyderabad. The project will offer a development potential of approximately 0.5 million square feet, with an estimated revenue potential exceeding Rs 800 crore.
ICICI Bank
The bank has allotted 3,945 non-convertible debentures (NCDs), each bearing a face value of Rs 1 crore, aggregating to Rs 3,945 crore for cash, on a private placement basis to identified investors. The bonds are rated CARE AAA; Stable by CARE Ratings and ICRA AAA (Stable) by ICRA.
HG Infra Engineering
The company’s subsidiary, HG Choraniya Bess, has entered into a Battery Energy Storage Purchase Agreement with Gujarat Urja Vikas Nigam (GUVNL) for the procurement of a battery energy storage system of 300 MW / 600 MWh on a long-term basis.
Apeejay Surrendra Park Hotels
The company has entered into a Memorandum of Understanding (MoU) with Raman Industrial Enterprises to take on lease and operate a 42-room hotel property along with associated facilities in Mathura, Uttar Pradesh. The hotel property is currently under construction on land admeasuring 1,308 square meters.
Source – Moneycontrol