PRE-MARKET
GIFT Nifty indicate a negative start for the broader index in India, with a loss of 141 points or 0.57 percent. The Nifty futures were trading around 24,434 level.
US stocks closed lower on Tuesday, with early gains evaporating as renewed concerns about the Middle East war outweighed initial optimism over a round of solid corporate earnings. Iran could attend talks with the United States in Pakistan if Washington abandons its policy of pressure and threats, a senior Iranian official told Reuters, adding that Tehran rejects negotiations aimed at surrender.
The Dow Jones Industrial Average up 233.23 points, or 0.47%, to 49,380.61, the S&P 500 lost 45.13 points, or 0.63%, to 7,064.01 and the Nasdaq Composite lost 144.43 points, or 0.59%, to 24,259.96.
Stocks in Asia edged lower at the open, as investors grappled with how long the Middle East conflict may continue.
Japan’s Nikkei, Hong Kong’s Hang Seng and the Taiwanese weighted index mixed up 0.44, -1.20 and 1.23 percent respectively.
STOCKS IN NEWS
HDFC Life Insurance Company
The Board has approved the re-appointment of Vibha Padalkar as Managing Director & Chief Executive Officer of HDFC Life for a period of five years, effective September 12, 2026.
State Bank of India
Eight officials of SBI—Amit Verma, Debasish Mishra, Dipak Kumar De, Niraj Kumar Panda, Ratna Teja Dinakara Akella, Sahadevan Radhakrishnan, Sukhvinder Kaur Ganesh, and Varinder Khanna—have been promoted as Deputy Managing Directors, effective April 21.
PNC Infratech
The company has emerged as the lowest (L1) bidder for two HAM-based national highway projects worth Rs 3,483 crore.
Aurobindo Pharma
The pharma company has decided to initiate a buyback of 54.23 lakh equity shares worth Rs 800 crore at a price of Rs 1,475 per share, starting April 23. The closing date will be April 29.
Source – Moneycontrol
