Get App
PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 46.5 points or 0.18 percent. The Nifty futures were trading around the 25,853.50 level.
Wall Street’s main stock indexes closed higher on Friday, with their biggest boost coming from Amazon’s upbeat earnings forecast, but sentiment was dampened by worries that the Federal Reserve is becoming more cautious about cutting rates.
The Dow Jones Industrial Average rose 40.75 points, or 0.09%, to 47,562.87, the S&P 500 gained 17.86 points, or 0.26%, to 6,840.20, and the Nasdaq Composite gained 143.81 points, or 0.61%, to 23,724.96.
For the month, the S&P 500 added 2.27%, for a sixth consecutive monthly gain, which was its longest such streak since August 2021.
Asian stocks rose on Monday as investors weighed last week’s megacap earnings showing significant spending on artificial intelligence, while the dollar held near a three-month high after hawkish comments from Federal Reserve policymakers.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went up 2.07, 0.48, and 0.36 percent.
STOCKS TODAY
Kotak Mahindra Bank
Shanti Ekambaram has retired from the services of the bank upon completion of her term as Deputy Managing Director on October 31. Accordingly, Ekambaram has ceased to be a Director and the Deputy Managing Director of the bank.
Titagarh Rail Systems
Titagarh Rail has secured a contract worth Rs 2,481 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 5. The contract involves designing and manufacturing 132 Metro coaches, along with signalling for 24.9 km and telecom across 16 stations. It also includes five years of comprehensive maintenance.
Astra Microwave Products
Astra Rafael Comsys, the joint venture company, has received an order worth Rs 285.56 crore from the Ministry of Defence for the procurement of communication systems, with accessories, for the special forces of the Indian Air Force.
RailTel Corporation of India
The company has received a Letter of Acceptance from the Rajasthan Council of School Education for a service amounting to Rs 32.43 crore.
Zen Technologies
The company has received two orders from the Ministry of Defence for the upgradation of Anti-Drone Systems, with a total aggregate value of Rs 289 crore.
NTPC Green Energy
The NTPC subsidiary has signed a Memorandum of Understanding (MoU) with CtrlS Datacenters for the development of renewable energy projects of 2 GW capacity or more. The projects aim to supply round-the-clock renewable energy (RE RTC power) to CtrlS Datacenters on a pan-India basis for their captive consumption.
Source – Moneycontrol