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PRE MARKET
Gift Nifty indicates a negative start for the broader index in India, with a loss of 159.50 points or 0.64 percent. The Nifty futures were trading around the 24,915.50 level.
Wall Street’s three major indexes rose sharply on Monday, with the S&P 500 marking its highest level since early Marc,h as a U.S.-China agreement to temporarily slash tariffs brought some hopes for the easing of a global trade war, which U.S. President Donald Trump ignited in early April.
The Dow Jones Industrial Average rose 1,160.72 points, or 2.81%, the S&P 500 gained 184.28 points, or 3.26%, while the Nasdaq Composite gained 779.43 points, or 4.35%.
Asian stocks followed gains in US equities on optimism the US-China trade truce marks the end to an all-out tariff war.
Japan’s Nikkei went up by 1.70 percent, the Taiwanese weighted index rose by around 1.5 percent, and Hang Seng fell by 1.24 percent.
STOCKS TODAY
One 97 Communications
Antfin, an affiliate company of the Chinese conglomerate Alibaba Group, is likely to sell up to a 4% stake in One 97 Communications via block deals, reports CNBC-TV18, quoting sources. The offer size is expected to be Rs 2,066 crore, with a floor price of Rs 809.75 per share.
Kfin Technologies
General Atlantic Singapore Fund Pte is likely to sell a 6.9% equity stake (equivalent to 1.18 crore equity shares) in Kfin via block deals, reports CNBC-TV18, quoting sources. The offer size may be around Rs 1,209.5 crore, with a floor price of Rs 1,025 per share.
Premier Explosives
The company has received closure orders from the Telangana Pollution Control Board in Hyderabad, instructing it to stop all industrial activities with immediate effect at its factory in Yadadri-Bhuvanagiri, Telangana. The accident occurred at the factory on April 29, 2025.
Aether Industries
Promoter Purnima Desai will sell up to a 6.77% equity stake in the company (equivalent to 89.79 lakh shares) via an offer-for-sale (OFS) on May 13 and May 14. The OFS will open for non-retail investors on May 13 and for retail investors on May 14. The floor price for the offer is set at Rs 700 per share.
Piramal Pharma
The pharmaceuticals and wellness company will invest $90 million towards expanding two of its facilities in the United States—the Michigan and Kentucky facilities.
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