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PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 51 points or 0.21 percent. The Nifty futures were trading around the 24,644 level.
Major Wall Street indexes were mixed on Thursday, with the Dow and S&P 500 ending lower, as European stocks closed at a one-week high on strong financial stocks and hopes of a Ukraine ceasefire.
The Dow Jones Industrial Average fell 0.51% to 43,968.64, and the S&P 500 declined 0.08% to 6,340.00 as shares of Eli Lilly dropped after data from its oral weight loss drug disappointed. The Nasdaq Composite gained 0.35% to 21,242.70.
Asian stocks trade mixed on Friday with rally in Japanese shares amid signs of easing trade tensions with the US, while technology companies gained on strong earnings.
STOCKS TODAY
Bharti Airtel
Promoter entity Indian Continent Investment is likely to sell a 0.8% equity stake in the company via a block deal, quoting sources. The block size is expected to be around Rs 9,310 crore, and the floor price for the deal is likely to be set at Rs 1,862 per share.
AU Small Finance Bank
AU Small Finance Bank has received in-principle approval from the Reserve Bank of India (RBI) for its transition from a small finance bank to a universal bank.
Zydus Lifesciences
The company has received a Notice of Compliance (NOC) from Health Canada for its ZDS-Varenicline tablets (0.5 mg and 1 mg). This marks the group’s first NOC approval in Canada. Varenicline is used as an aid for smoking cessation.
Piramal Pharma
The company has informed exchanges about a fire incident at a third-party warehouse in Telangana, which also housed certain inventory belonging to the company, on August 6. The fire is largely under control, and the cause of the fire is under investigation. The value of inventory affected by the incident is currently estimated at Rs 45 crore.
Source – Moneycontrol