PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 90 points or 0.37 percent. The Nifty futures were trading around the 24,009 level.
US stocks closed sharply higher on Wednesday after a last-minute, two-week ceasefire agreement between the United States and Iran lifted investor sentiment.
The Dow Jones Industrial Average rose 1,326.33 points, or 2.85%, to 47,910.79, the S&P 500 gained 165.98 points, or 2.51%, to 6,782.83, and the Nasdaq Composite gained 617.15 points, or 2.80%, to 22,635.
Asian share markets were in a more sober mood on Thursday as cracks quickly began to appear in the fragile Gulf ceasefire, nudging oil prices back up and reminding investors that the inflationary fallout will last for a long time yet.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went down -0.44, -0.42, and -0.05 percent, respectively.
STOCKS IN NEWS
Lupin
The pharma company has received approval from the United States Food and Drug Administration (US FDA) for Dapagliflozin and Metformin Hydrochloride extended-release tablets, which are available in 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg, and 10 mg/1,000 mg strengths.
RITES
The company has received engineering & project management consultancy (PMC) work for the construction of a railway siding at Sankerjang in Phase-I for the Utkal-D coal mines on a deposit mode from National Aluminium Company (NALCO), on a cost-plus turnkey basis. The contract value has been increased from Rs 79.73 crore to Rs 118.89 crore.
Redtape
The company has acquired the international sports footwear brand Sprandi for India, Nepal, Bhutan, and Sri Lanka. The company will be launching this brand in the Indian market very soon through online and retail stores with large volumes.
Jet Airways
The assets of Jet Airways (India), two Boeing 777 aircraft based in Delhi, have been put up for sale through an e-auction by the liquidator, Satish Kumar Gupta.
As per the e-auction platform, Ace Aviation XIV is the successful bidder for both aircraft, with a total bid amount of Rs 568.17 crore against a reserve price of Rs 356.75 crore.
KEC International
The company has secured orders worth Rs 2,518 crore in the civil, transportation & distribution, and cable & conductors segments.
Source – Moneycontrol
