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PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 33.5 points or 0.14 percent. The Nifty futures were trading around the 24,596.50 level.
US stocks ended higher on Wednesday, led by a more than 1% gain in the Nasdaq, as Apple shares climbed after news of its plans to announce a domestic manufacturing pledge, and as some companies delivered upbeat earnings reports.
The Dow Jones Industrial Average rose 81.38 points, or 0.18%, to 44,193.12, the S&P 500 gained 45.87 points, or 0.73%, to 6,345.06, and the Nasdaq Composite gained 252.87 points, or 1.21%, to 21,169.42.
Asian shares climbed along with US equity-index futures as investors looked past President Donald Trump’s threat of a 100% tariff on chip exports to the U.S. Technology stocks jumped.
Japan’s Nikkei, the Taiwanese weighted index, and the KOSPI Index all went up 0.86, 2.42, and 0.42 percent, respectively.
STOCKS TODAY
Eternal
Alibaba-backed Antfin Singapore Holding Pte Ltd is likely to sell its entire stake in Eternal, the parent company of Zomato, for Rs 5,375 crore through a block deal. The channel reported that Antfin will sell 18.84 crore shares of the delivery tech company, with a floor price of Rs 285 per share.
Bharat Forge
The company has entered into a Business Transfer Agreement (BTA) with its subsidiary, Kalyani Strategic Systems (KSSL), for the transfer of its defence business to KSSL for Rs 453.3 crore. Additionally, the company and KSSL have entered into an Intellectual Property Rights Licensing Agreement.
Hindustan Copper
The company has executed a Memorandum of Understanding (MoU) with GAIL (India) to jointly participate in copper and critical minerals block auctions, and to develop and operationalise blocks for exploration, mining, and processing of minerals.
CreditAccess Grameen
Following RBI approval, the microfinance institution has announced the appointment of Ganesh Narayanan as Managing Director and Chief Executive Officer (MD & CEO) for five years. Udaya Kumar Hebbar has been appointed as Non-Executive (Nominee) Director, effective August 5.
Source – Moneycontrol