PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 122.50 points or 0.54 percent. The Nifty futures were trading around the 22,878.50 level.
US stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump’s progressively heated threats of escalation should Iran fail to reopen the Strait of Hormuz.
The Dow Jones Industrial Average rose 165.21 points, or 0.36%, to 46,669.88, the S&P 500 gained 29.33 points, or 0.45%, to 6,612.02 and the Nasdaq Composite gained 117.16 points, or 0.54%, to 21,996.34.
Asian markets were trading mixed in the early trade on Tuesday, with Nikkei and Straits Times down marginally, while the Taiwan Weighted up 1.5%.
Japan’s Nikkei and Hong Kong’s Hang Seng index went down -0.20 and -0.71 percent, respectively, while the Taiwanese weighted index went up 1.10 percent.
STOCKS IN NEWS
Aurobindo Pharma
The company’s subsidiary, CuraTeQ Biologics, announced positive topline results from its Phase 3 study of BP11, an investigational biosimilar to Xolair (omalizumab). The study successfully met all primary endpoints, demonstrating high comparability to the reference product in patients with chronic spontaneous urticaria (CSU) at the 300 mg dose.
Titagarh Rail Systems
The company’s subsidiary, Titagarh Naval Systems, has received in-principle approval from the Ministry of Ports, Shipping, and Waterways for its brownfield expansion project at Falta, West Bengal, under the Government of India’s Shipbuilding Development Scheme (SbDS).
Deep Industries
The company has received a Letter of Award from Oil and Natural Gas Corporation for hiring services related to natural gas compression, gas dehydration, and hydrocarbon dew point depression at Malleswaram of ONGC’s Rajahmundry Asset for a period of three years. The total estimated value of the award is Rs 59 crore.
Indian Railway Finance Corporation
IRFC has sanctioned and fully disbursed a Rs 1,000 crore term loan to Maharashtra State Power Generation Company. This development comes close on the heels of its recent Rs 12,842 crore loan agreement with Hindustan Urvarak & Rasayan.
Source – Moneycontrol
