PRE MARKET
The Gift Nifty Live Chart is signalling a positive start on Dalal Street,The index opened upside at 23,664 and touched an intraday high of 23,745.
Wall Street’s main indexes hit record closing highs on Friday and posted weekly and monthly gains as Dell results drove tech shares higher, while investors awaited details on a potential U.S.-Iran deal.
The Dow Jones Industrial Average rose 70.97 points, or 0.14%, to 51,106.43; the S&P 500 gained 16.44 points, or 0.22%, to 7,580.07; and the Nasdaq Composite gained 55.15 points, or 0.21%, to 26,972.62.
Asian share markets firmed on Monday as the boom in all things AI continued to drive demand, offsetting a lack of progress in Gulf peace talks that challenged optimism on a re-opening of the Strait of Hormuz and lifted oil prices.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged up 0.96, 0.57, and 2.03 percent respectively.
STOCKS IN NEWS
IndiGo
IndiGo posted a net loss of ₹2,536.3 crore in the fourth quarter, against a net profit of ₹3,067.5 crore in the corresponding period last year, as weaker operating performance and exceptional charges of ₹250 crore weighed on earnings.
PB Fintech
PB Fintech saw a block deal valued at approximately ₹665 crore on Friday, as co-founders Yashish Dahiya and Alok Bansal offloaded shares to a group of domestic and international institutional investors.
Glenmark Pharma
The pharmaceutical major posted a significant increase in its fourth-quarter profit, which surged to ₹301.4 crore from ₹4.6 crore in the corresponding period last year, driven by robust operational performance.
NMDC
The company posted a 36% year-on-year increase in net profit for the fourth quarter, reaching ₹2,017.6 crore, supported by robust revenue growth.
Source: Mint, Moneycontrol