Get App
PRE-MARKET REPORT
The domestic equity market is expected to open flat on Wednesday tracking mixed cues from global peers.
Gift Nifty was trading around 24,485 level, a premium of nearly 7 points from the Nifty futures’ previous close, indicating a flat start for the Indian stock market indices.
The US stock market ended mixed on Tuesday with the S&P 500 and Nasdaq notching record-high closes on Tuesday.
The Dow Jones Industrial Average declined 0.13% to 39,291.97, while the S&P 500 rose 0.07% to end at 5,576.98. The Nasdaq closed 0.14% higher at 18,429.29, recording sixth straight record-high close.
Asian markets traded mixed amid inflation data from China and Japan.
Japan’s Nikkei 225 eased marginally, while the Topix was flatline. South Korea’s Kospi fell 0.25%, while the Kosdaq declined 0.2%. Hong Kong Hang Seng index futures indicated a higher opening.
STOCKS TODAY
Phoenix Mills: The company’s subsidiary invested Rs 4.6 crore by subscribing to 4,68,282 equity shares and 42,145 compulsory convertible debentures of O2 Renewable Energy XIII Private Limited for the purchase of renewable energy. Post this transaction, the subsidiary will hold a 30.95 percent stake in O2 Renewable XIII.
Infosys: The company announced a five-year collaboration with Sector Alarm, one of Europe’s leading providers in security, who are partially owned by the global investment firm KKR, to transform their core enterprise business systems on the cloud.
Delta Corp: The company reported a 67.6 percent decline in consolidated net profit to Rs 21.68 crore for Q1FY2025. Revenue from operations also fell by 30 percent to Rs 181 crore in the June quarter from Rs 259 crore in the previous fiscal.
Diamond Power Infrastructure: The company has received a letter of intent from Adani Energy Solutions worth Rs. 899.75 crores for the supply of AL 59 Conductors – New Generation Aluminum Alloy Conductors.
Adani Ports and Special Economic Zone: The company was awarded a letter of intent for a 30-year concession period for the development, operation, and maintenance of Berth number 13 at Deendayal Port.
Aarti Drugs: The company informed that the N-198 unit at Tarapur, in which a fire had recently occurred, is operational again. There has been no material impact on the financials and operations of the business.