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PRE MARKET
Gift Nifty indicates a muted opening start for the broader index in India, with a loss of 1.5 points or 0.01 percent. The Nifty futures were trading around the 24,760 level.
Wall Street’s three major indexes managed to close Tuesday’s choppy session higher, marking quarterly and monthly gains, even as investors braced for a U.S. government shutdown, which would delay key economic reports and muddy the Federal Reserve’s interest rate policy outlook.
The Dow Jones Industrial Average rose 81.82 points, or 0.18%, to 46,397.89, marking its latest record closing high. The S&P 500 gained 27.25 points, or 0.41%, to 6,688.46, and the Nasdaq Composite gained 68.86 points, or 0.31%, to 22,660.01.
Asian markets were trading mostly higher on Wednesday, following gains on Wall Street as investors appeared unperturbed by a looming U.S. government shutdown.
Japan’s Nikkei went down 1.05 percent, while Hong Kong’s Hang Seng and the Taiwanese Index went up 0.87 and 1.85 percent, respectively.
STOCKS TODAY
Jaiprakash Associates
The Competition Commission of India has approved the acquisition of Jaiprakash Associates by Jindal Power, a part of the Jindal Group.
Nestle India
The company further strengthened its commitment to India as it signed a Memorandum of Understanding (MoU) with the Ministry of Food Processing Industries (MoFPI) to expedite investments in greenfield and brownfield projects in Odisha and its existing manufacturing locations.
Shree Cement
Shree Cement has commissioned a clinkerisation unit having a capacity of 3.65 MTPA at its integrated cement plant being set up at Jaitaran, Rajasthan.
Atlantaa
The company has entered into an agreement with IRCON International for undertaking a contract worth Rs 2,485 crore. The contract involves the construction of the Bhandara-Gadchiroli Access Controlled Expressway in Maharashtra on an EPC mode.
Lupin
The pharma company has received approval from the United States Food and Drug Administration (US FDA) for its Abbreviated New Drug Application for Rivaroxaban for Oral Suspension, which is bioequivalent to Xarelto for oral suspension of Janssen Pharmaceuticals, Inc. Rivaroxaban for Oral Suspension is used for the treatment of venous thromboembolism (VTE).
Oil India
The company has signed a Memorandum of Understanding (MoU) with GAIL (India) to strengthen cooperation across the natural gas value chain and unlock synergies for expanding access to cleaner energy across the country.
Source – Moneycontrol