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PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 90.5 points or 0.35 percent. The Nifty futures were trading around the 25,500 level.
US stocks closed in negative territory on Thursday, with a resumption of Tuesday’s tech selloff as investors contended with mounting economic uncertainty and stretched valuations.
The Dow Jones Industrial Average fell 397.35 points, or -0.84%, to 46,913.65, the S&P 500 lost 75.91 points, or -1.12%, to 6,720.38, and the Nasdaq Composite lost 445.80 points, or -1.90%, to 23,053.99.
Asian stocks slipped at the open on Friday after choppy trading on Wall Street, weighed down by concerns over stretched artificial intelligence valuations and signs of a cooling labor market.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went down -2.00, -0.85, and -0.76 percent, respectively.
STOCKS TODAY
Bharti Airtel
Singtel may sell a 0.8% stake in Bharti Airtel, with a block size of Rs 10,300 crore and a floor price of Rs 2,030 per share.
TVS Motor Company
The company has entered into share purchase agreements with Accel India VIII (Mauritius) for the sale of 11,997 Series D Compulsory Convertible Preference Shares, and with MIH Investments One BV for the sale of 10 equity shares and 11,988 Series D CCPS in Roppen Transportation Services (Rapido) for Rs 288 crore.
Rail Vikas Nigam
The company has emerged as the lowest bidder for a contract worth Rs 272 crore from Central Railway. The contract involves the design, supply, erection, testing, and commissioning of a 220/132/55 KV traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs) in the 2×25 KV traction system (Scott-connected transformer) of the Daund–Solapur sections of Central Railway.
NBCC India
The company has signed a strategic MoU with Goldfields Commercials, a real estate developer in Australia, for the identification, development, and execution of real estate, housing, infrastructure, and redevelopment projects in Australia.
Maruti Suzuki India
The National Company Law Tribunal (NCLT), New Delhi, has sanctioned the scheme of amalgamation of subsidiary Suzuki Motor Gujarat into Maruti Suzuki India.
Source – Moneycontrol