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PRE MARKET
The Nifty indicates a negative start for the broader Indian index, with a loss of 30.5 points, or 0.12 percent. The Nifty futures were trading around the 25,612.50 level.
Wall Street closed lower on Thursday, with signs of weakness in regional banks spooking investors already on edge over U.S.-China trade tensions.
The S&P 500 declined – 0.63% to end the session at 6,629.07 points. The Nasdaq fell – 0.47% to 22,562.54 points, while the Dow Jones Industrial Average declined – 0.65% to 45,952.24 points.
Asian shares slipped after risk sentiment dimmed on Wall Street as bad loans at two US banks heightened concerns about the credit market.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese index went up 0.82, 1.42, and 1.02 percent, respectively.
STOCKS TODAY
Fortis Healthcare
IHH Healthcare Berhad has announced an open offer for the acquisition of up to a 26.10% stake in Fortis Healthcare and a 26.11% stake in Fortis Malar Hospitals.
Biocon
Biocon’s subsidiary, Biocon Biologics, has expanded its partnership with Civica Inc. to launch a private-label insulin Glargine for diabetes treatment in the United States.
JSW Energy
The company’s subsidiary, JSW Energy (Utkal), has received a Letter of Award from Power Company of Karnataka for a 400 MW, 25-year power supply agreement, starting from April 1, 2026. The required coal will be procured from Coal India under the SHAKTI Scheme 2017.
Godrej Industries
The company has made a further investment of Rs 409 crore in its subsidiary Godrej Capital. As a result, it now holds a 91.11% stake in the subsidiary.
BEML
BEML has entered into a Memorandum of Understanding (MoU) with Kineco for collaboration in the field of advanced composite manufacturing for aerospace and defence applications.
Sanofi Consumer Healthcare India
The Board has approved the appointment of Richard D’Souza as the Chief Financial Officer (CFO) of the company, effective October 16.
Source – Moneycontrol
