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PRE MARKET
Gift Nifty indicates a flat to positive start for the broader index in India, with a gain of 27 points or 0.10 percent. The Nifty futures were trading around the 25,992.50 level.
Wall Street stocks closed higher on Monday, extending Friday’s rally as increased odds that the U.S. Federal Reserve will lower its Fed funds target rate in December helped investors look past concerns about inflated tech valuations.
The Dow Jones Industrial Average rose 202.86 points, or +0.44%, to 46,448.27, the S&P 500 gained 102.13 points, or +1.55%, to 6,705.12, and the Nasdaq Composite gained 598.92 points, or +2.69%, to 22,872.01.
Asian stocks tracked Wall Street’s gains as confidence grew over a potential Federal Reserve interest-rate cut in December and technology shares rebounded.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted went up +0.63, +0.8,7 and +1.67 percent respectively.
STOCKS TODAY
Eris Lifesciences
The company is set to buy the remaining 30% stake in its subsidiary, Swiss Parenterals, from Naishadh Shah for Rs 423.3 crore. In exchange, the company will issue 23.06 lakh shares on a preferential basis to Naishadh Shah. The proposed transaction is expected to be completed tentatively before March 31, 2026. Currently, Eris Lifesciences holds a 70% stake in Swiss Parenterals.
Niraj Cement Structurals
The company has received a work order worth Rs 220.14 crore from the National Highways and Infrastructure Development Corporation (NHIDCL). The order involves the construction of a two-lane road with a paved shoulder for the Kohima Bypass road in Nagaland, under the Special Accelerated Road Development Programme for the development of road networks in North-Eastern States, on an EPC mode of contract.
Pavna Industries
The company has entered into a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh (GoUP), proposing to invest Rs 250 crore in the next 3 to 5 years for the proposed project.
Paras Defence and Space Technologies
The company has signed a Memorandum of Understanding (MoU) with the Inter-University Accelerator Centre (IUAC), New Delhi. Paras and IUAC will combine their respective capabilities to develop a commercial-grade MRI magnet system for indigenous manufacturing in the country, making India self-reliant in superconducting MRI magnet technology, thus nurturing Aatma Nirbhar Bharat.
Housing & Urban Development Corporation
HUDCO has signed a Memorandum of Understanding (MoU) with the National Institute of Urban Affairs (NIUA) to develop programs of mutual interest on themes related to urban infrastructure and development.
Sunteck Realty
The company’s Dubai-based subsidiary, Sunteck Lifestyles, has received an order from the London Court of International Arbitration confirming the withdrawal of claims and termination of arbitration with its joint venture partner, Grand Valley General Trading LLC. With this order, all litigation between the parties has been disposed of.
Source – Money Control