PRE MARKET
Gift Nifty indicates a weak start for the broader index in India, with a loss of 129.5 points or 0.50 percent. The Nifty futures were trading around the 25,592.50 level.
Wall Street stocks tumbled on Monday, as ongoing fears of artificial intelligence-related disruption and the fallout from Friday’s U.S. Supreme Court ruling sent investors fleeing from high-risk equities
The Dow Jones Industrial Average fell 821.91 points, or 1.66%, to 48,804.06, the S&P 500 lost 71.76 points, or 1.04%, to 6,837.75 and the Nasdaq Composite lost 258.80 points, or 1.13%, to 22,627.27.
Asian stock markets stuttered in early trade on Tuesday as a selloff on Wall Street overnight rattled investors, with sentiment hurt by heightened uncertainty over U.S. President Donald Trump’s tariff policy and rising geopolitical tensions.
Japan’s Nikkei and the Taiwanese weighted index went up 0.67 and 1.65 percent, respectively, while Hong Kong’s Hang Seng slipped 1.90 percent.
STOCKS IN NEWS
Bharti Airtel
The company announced major plans for its non-banking financial company (NBFC), Airtel Money, underscoring its commitment to narrowing the credit gap in India. The NBFC subsidiary will be capitalised with Rs 20,000 crore, to be injected over the next few years. Airtel will contribute 70 percent, while the promoter group, through Bharti Enterprises, will bring in the remaining 30 percent.
Pace Digitek
The company’s subsidiary, Lineage Power, has received a purchase order worth Rs 158.7 crore from Reliance Industries for the supply of Li-ion battery packs (48V 15S1P 314 AH).
Signpost India
The company has received an order worth Rs 450 crore from the Kolkata Municipal Corporation for exclusive outdoor advertising rights on Park Street (Mother Teresa Sarani), from Jawaharlal Nehru Road to Mullick Bazar Crossing; Camac Street (Abanindranath Sarani); Theatre Road (Shakespeare Sarani); and Park-o-Mat, under the ‘Kolkata Streetscape Renaissance’ project through the PPP mode.
Samvardhana Motherson International
Motherson, in a joint venture with Marelli, has inaugurated a manufacturing facility in Sanand, Gujarat. Established as a strategic joint venture with Marelli, the advanced plant is dedicated exclusively to producing cutting-edge exterior lighting systems, further strengthening the group’s capabilities in automotive component manufacturing.
Patel Engineering
The Maharashtra Krishna Valley Development Corporation, Pune, has declared Patel Engineering, along with its JV partners, as the lowest bidder for a Rs 133.25 crore contract. The contract involves the construction of head works, pump houses, switchyards, rising mains, delivery chambers, and the installation of pumping machinery, along with allied civil, mechanical, and electrical works. It also includes the development of a closed pipe distribution system under the Tasgaon Lift Irrigation Scheme, part of the Guruvarya Late Laxmanraoji Inamdar Lift Irrigation Scheme.
Source – Moneycontrol
