Gift Nifty indicates a positive start for the Indian market; US Market also ended higher; Asian market were trading higher following the Wall street

PRE MARKET

Gift Nifty indicates a positive start for the broader index in India, with a gain of 86 points or 0.35 percent. The Nifty futures were trading around 24,856.

Wall Street ended a choppy session higher on Monday, and the dollar softened as trade tensions between Washington and Beijing heated up. Investors showed caution ahead of U.S. employment data and a widely expected policy rate cut from the European Central Bank.

The Dow Jones Industrial Average rose 35.41 points, or 0.08%, to 42,305.48, the S&P 500 rose 24.25 points, or 0.41%, to 5,935.94, and the Nasdaq Composite rose 128.85 points, or 0.67%, to 19,242.61.

Asian shares were slightly on the upper side at the start of Tuesday after a rebound in big tech drove US stocks higher.

Japan’s Nikkei went up 0.2 percent, and Hong Kong’s Hang Seng increased a notable 1.33 percent. The Taiwanese index edged 0.56 percent higher.

STOCKS TODAY

Zinka Logistics Solutions

Quickroutes International is likely to sell a 9 percent stake in Zinka, targeting to raise Rs 647 crore, reports CNBC-TV18, quoting sources. The floor price has been fixed at Rs 405 per share. As of March 2025, Quickroutes held a 9.01 percent stake in the company.

HCL Technologies

The global technology company announced a strategic partnership with UiPath to accelerate agentic automation for UiPath customers worldwide. The partnership will drive large-scale transformation for enterprises across industries, enabling more intelligent and self-sufficient business process operations that require minimal human intervention.

Biocon

The biopharmaceutical company has received approval in India for its Liraglutide drug substance, and its wholly owned subsidiary, Biocon Pharma, has received approval for its Liraglutide drug product (6 mg/ml solution for injection in pre-filled pen and cartridge) from the Drugs Controller General of India (CDSCO). This is the generic version of Victoza, indicated for the treatment of insufficiently controlled Type 2 Diabetes Mellitus.

Torrent Power

The company has signed a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte, a subsidiary of global energy company BP, for the supply of up to 0.41 MMTPA of LNG from 2027 to 2036. The LNG procured under this agreement will be utilised to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India. It will also support the Torrent Group’s City Gas Distribution (CGD) arm, Torrent Gas, to ensure a reliable supply of gas for households, commercial and industrial consumers, and CNG vehicles.

Source – Moneycontrol

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