PRE MARKET
GIFT Nifty was trading at 23,678 in early morning trade, down 51 points or 0.22 percent, signalling a cautious start for Sensex and Nifty.
The S&P 500 and Nasdaq closed at fresh record highs overnight, supported by gains in technology shares and optimism around AI-linked stocks.
Dow Jones Futures down by -0.21%, S&P 500 Up by 0.77% and Nasdaq by 0.88.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged down -0.96, -0.94, and 0.07 percent respectively.
STOCKS IN NEWS
HCL Technologies
The company announced a strategic collaboration with Red Hat to deliver enterprise-grade AI infrastructure for organizations accelerating their AI adoption journeys.
SEPC
SEPC-Furlong JV has signed an EPC sub-contract with Shalimar Corp for the widening and upgradation of the Shahjahanpur–Bisalpur section in Uttar Pradesh to a four-lane configuration. The company has received a Letter of Award (LoA) worth Rs 521.46 crore for the project.
Alembic Pharmaceuticals
Alembic Pharma has obtained tentative approval from the USFDA for its generic formulation of Darolutamide tablets, used to treat prostate cancer.
JSW Steel
JSW Steel experienced a remarkable elevenfold increase in consolidated net profit, reaching ₹16,370 crore for the March quarter, up from ₹1,503 crore the previous year.
HUDCO
HUDCO saw a 172% growth in its Q4 consolidated net profit, amounting to ₹1,981 crore, driven by significant increases in interest income and deferred tax benefits.
Source: Mint, Moneycontrol
