PRE MARKET
GIFT Nifty were trading at 23,725.00, down about 62.00 points or nearly -0.26 percent, indicating a weak opening for benchmark indices.
US equity benchmarks ended at record highs on Monday. The S&P 500 and Nasdaq Composite closed at fresh lifetime highs, while the Dow Jones Industrial Average also gained but remained below its February record.
The S&P 500 was up 0.19% to end the session at 7,412.84 points. The Nasdaq ended up 0.10% to 26,274.13 points, and the Dow Jones Industrial Average flat -0.05% to 49,681.93 points.
Asian equities traded weak on Tuesday amid concerns over rising crude oil prices and geopolitical tensions. MSCI’s Asia Pacific stock index fell 0.6 percent, while US equity-index futures also traded lower after Wall Street hit record highs overnight.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged positive 0.64, 0.48, and 0.30 percent.
STOCKS IN NEWS
Billionbrains Garage Ventures (Groww)
Three investors — Peak XV Partners (formerly Sequoia Capital India & SEA), Y Combinator, and Ribbit Capital — have launched a block deal with a base size of around $500 million to sell part of their stake in Groww (Billionbrains Garage Ventures), multiple industry sources familiar with the matter told Moneycontrol.
Afcons Infrastructure
The company has been selected as the L1 bidder for the reconstruction of an existing railway track and the construction of a second-track railway line in Europe. The project is valued at Rs 7,544 crore.
HFCL
The company has secured export orders worth around $19.32 million (equivalent to Rs 183.95 crore) for the supply of optical fiber cables from renowned international customers.
Bharat Forge
The company has entered into a long-term contract with Embraer for the manufacturing and supply of critical landing gear forgings, becoming the first supplier from India to enter Embraer’s global aerospace supply chain for forged components.
Source – Moneycontrol
