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PRE MARKET
Gift Nifty indicates a flat to negative start for the broader index in India, with a loss of 15 points or 0.06 percent. The Nifty futures were trading around the 24,824 level.
US stocks closed lower on Tuesday as the S&P 500 and Nasdaq retreated from record highs after some disappointing corporate earnings, while investors awaited a Federal Reserve policy statement.
The Dow Jones Industrial Average fell 204.57 points, or 0.46%, to 44,632.99, the S&P 500 lost 18.91 points, or 0.30%, to 6,370.86, and the Nasdaq Composite lost 80.29 points, or 0.38%, to 21,098.29.
Asian equities posted a modest gain ahead of the Federal Reserve’s policy decision and marginal progress in US-China trade talks.
Japan’s Nikkei and Hong Kong’s Hang Seng went down 0.06 and 0.51 percent, respectively, while the Taiwanese weighted index and the KOSPI index went up 0.74 and 0.66 percent, respectively.
STOCKS TODAY
Axiscades Technologies
The company has secured significant new orders across airborne, naval, and radar-based platforms from premier defence laboratories in India. The orders involve the development and supply of advanced sub-systems for some of the most sophisticated indigenous platforms being developed by leading defence agencies like the DRDO and defence PSUs.
Zydus Lifesciences
Zydus Lifesciences has completed the acquisition of an 85.6% stake in Amplitude Surgical from PAI and two minority shareholders for 256 million euros. The company will now file a simplified mandatory tender offer on July 30 for all the remaining outstanding shares of Amplitude Surgical for 6.25 euros per share.
Tilaknagar Industries
The Indian-Made Foreign Liquor manufacturer said the Board has approved a preferential issue of securities (equity shares and warrants) amounting to Rs 2,296 crore. The company intends to utilise these proceeds for the acquisition of the Imperial Blue business division and general corporate purposes.
Fermenta Biotech
The Vitamin-D3 manufacturer has received the Certificate of Suitability (CEP) from the European Directorate for the Quality of Medicines & Healthcare (EDQM) for its spray-dried variant, VITADEE 100 SD, being manufactured at its Kullu, Himachal Pradesh facility.
Source – Moneycontrol