Gift Nifty indicates a flat start for the Indian market; US market ended slightly higher; Asian stocks snapped the three day gain

PRE MARKET

Gift Nifty indicate a flat start for the broader index in India, with a loss of -3.50 points or -0.01 percent. The Nifty futures were trading around 26,186.00 level.

All three major U.S. stock indexes ended slightly higher.

The Dow Jones Industrial Average rose +46.50 points, or 0.10%, to 47,897.49, the S&P 500 gained +7.40 points, or 0.11%, to 6,857.12 and the Nasdaq Composite gained +30.06 points, or 0.13%, to 23,484.15.

Japan’s Nikkei, and Hong Kong’s Hang Seng went down -1.39 and -0.30 percent, while the Taiwanese weighted index went up +0.22 percent.

STOCKS TODAY

Kirloskar Ferrous Industries Limited (KFIL)
KFIL, a key subsidiary of Kirloskar Industries, informed stock exchanges about a planned transfer of some shares to the Investor Education and Protection Fund (IEPF). This was publicly notified in major newspapers on December 4.

Diamond Power Infrastructure
The company has received an order worth Rs 748 crore, from Adani Green Energy for solar cable supply. It is expected to be completed between January 2026 and December 2026.

IFGL Refractories Limited
There was an internal share transfer within IFGL’s promoter group. Bajoria Financial Services acquired 0.61% of the company’s shares from another promoter group member. This transfer doesn’t affect the overall promoter control of the company.

Brookfield India Real Estate Trust
Brookfield’s management approved a new institutional placement of units priced at around ₹327 each, offering investors an opportunity to buy into the REIT. The issue is scheduled to open soon, with trading temporarily paused for compliance.

JMG Corporation Limited
Investor Neerav Bairagi has launched an open offer to acquire 26% of JMG Corporation, following his agreement to buy a 36% stake from the current promoter. After this transaction, he will become the new promoter of the company.

Seamec Ltd
The Company has entered into Contract with HAL Offshore Limited for offering Charter Hire of our Multi Support Vessel for deploying the same in the ONGC under ongoing Contract of HAL for 5 years, after completion of statutory dry dock of the vessel.