PRE MARKET
Gift Nifty was trading around 24,005.00 level, a premium of nearly 20.50 points from the Nifty futures’ previous close, indicating a flat-to-negative start for the Indian stock market indices.
US stock futures were largely flat on Tuesday night as investors awaited the Federal Reserve’s upcoming interest rate decision.
The Dow Jones Industrial Average rose 50.18 points, or 0.08%, to 52,038.86, while the S&P 500 declined 42.94 points, or 0.57%, to 7,511.35. The Nasdaq Composite closed 307.60 points, or 1.15%, lower at 26,376.34.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged mixed 0.61, -0.61, and -0.48 percent.
STOCKS IN NEWS
GIC
The offer for sale (OFS) of General Insurance Corporation of India (GIC Re) received a strong response from investors on its opening day, with the issue being subscribed 3.72 times, indicating healthy demand, particularly from institutional participants.
Prime Focus
Market regulator Sebi has closed adjudication proceedings against Prime Focus and its directors, concluding that the company had adopted the appropriate accounting treatment for the transfer of its business divisions to its indirect subsidiaries.
Wipro
Wipro has unveiled its Applied AI Center of Excellence (CoE) for Claude models powered by Anthropic, further strengthening its efforts to help enterprises accelerate AI adoption and drive business value through advanced artificial intelligence solutions.
Nykaa
Beauty and lifestyle retailer Nykaa on Tuesday unveiled a partnership with OpenAI aimed at enhancing shopping experiences through artificial intelligence, while also enabling users to access its product catalogue directly via ChatGPT.
Zydus Lifesciences
Zydus Lifesciences announced that it has successfully completed the acquisition of US-based pharmaceutical company Assertio Holdings Inc. for USD 166.4 million.
Source: Moneycontrol, Mint
