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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 56.5 points or 0.23 percent. The Nifty futures were trading around the 24,721 level.
US stock indexes closed higher on Tuesday, helped by gains in Nvidia and other chipmakers, as investors awaited possible negotiations between the United States and its trading partners for more clarity on Washington’s tariff plans.
The Dow Jones Industrial Average rose 214.16 points, or 0.51%, to 42,519.64, the S&P 500 gained 34.43 points, or 0.58%, to 5,970.37, and the Nasdaq Composite gained 156.34 points, or 0.81%, to 19,398.96.
Asian stocks rose at the open after data showed the US labor market is holding up despite concerns about risks from President Donald Trump’s tariff war.
Japan’s Nikkei increased 0.85 percent, Hong Kong’s Hang Seng increased 0.67 percent, and the Taiwanese index increased 1.80 percent.
STOCKS TODAY
Tata Technologies
CNBC-TV18, quoting sources, reports that TPG Rise is likely to sell a 2.1% stake in Tata Technologies via a block deal. The total block size is likely valued at Rs 634 crore, with a floor price of Rs 744.5 per share.
HDFC Bank
HDB Financial Services, a subsidiary of the bank, has received approval from SEBI to launch a Rs 12,500-crore initial public offering (IPO) within the next one year. The IPO will comprise a fresh issue of Rs 2,500 crore and an offer-for-sale of Rs 10,000 crore worth of shares by parent HDFC Bank. The bank currently holds a 94.36% stake in HDB Financial Services.
Indegene
CA Dawn is expected to sell a 10.2% stake in Indegene via block deals, which may be valued at Rs 1,420 crore, according to CNBC-TV18. The deal involves 2.44 crore shares at a floor price of Rs 580 per share.
Wipro
The AI-powered technology services and consulting company has won a multi-year deal with Entrust, a global leader in identity-centric security solutions. Wipro will provide strategic resources, scale, and agility to help Entrust accelerate its growth.
Alkem Laboratories
Promoter Jayanti Sinha is set to offload a 1.42% stake in the pharmaceutical company via a block deal, reports CNBC-TV18, quoting sources. The deal may be valued at around Rs 825 crore, with a floor price of Rs 4,850 per share.
Servotech Renewable Power Systems
The company has received an order for a 7.8 MW grid-connected solar rooftop project from the Rangiya Division of the Northeast Frontier Railway. The order, valued at Rs 33.6 crore, also includes a comprehensive 5-year annual maintenance contract (AMC) for various buildings within the Rangiya division.
Source – Moneycontrol
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