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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 110 points or 0.43 percent. The Nifty futures were trading around the 25,720.50 level.
Wall Street closed higher on Thursday, nudging the S&P 500 and the Nasdaq nearer to record closing highs as the Israel-Iran ceasefire continued to hold and a raft of economic indicators appeared to support the case for the U.S. Federal Reserve lowering borrowing costs this year.
The Dow Jones Industrial Average rose 404.41 points, or 0.94%, to 43,386.84, the S&P 500 gained 48.86 points, or 0.80%, to 6,141.02, and the Nasdaq Composite gained 194.36 points, or 0.97%, to 20,167.91.
Asian stocks advanced, and a gauge of global equities was on track for another record high, driven by calming geopolitical concerns and increased expectations for Federal Reserve interest-rate cuts this year.
Japan’s Nikkei went up 1.60 percent, Hong Kong’s Hang Seng also increased nearly 0.5 percent, whereas the Taiwanese weighted index scaled up 0.12 percent.
STOCKS TODAY
Hitachi Energy
The company has received an order from Power Grid Corporation of India to supply 30 units of 765-kilovolt (kV), 500 megavolt-ampere (MVA) single-phase transformers.
Mahindra Lifespace Developers
The real estate and infrastructure development subsidiary of the Mahindra Group has been appointed as the preferred developer for the redevelopment project in Mulund (West), Mumbai. The project spans a 3.08-acre land parcel and has an estimated development value of approximately Rs 1,250 crore.
Lemon Tree Hotels
The company has signed a license agreement for a hotel property – Lemon Tree Suites in Nashik, Maharashtra. The property will be managed by the company’s subsidiary, Carnation Hotels.
UltraTech Cement
The company has commissioned its second cement grinding mill with a capacity of 1.8 MTPA in Madhya Pradesh, as part of its ongoing expansion plan. The first mill was commissioned in March 2025. With this commissioning, its consolidated domestic grey cement capacity now stands at 186.86 MTPA, and its global cement capacity stands at 192.26 MTPA.
Adani Enterprises
AdaniConneX, a joint venture of the company, has completed the acquisition of a 100% stake in Granthik Realtors from Windson Projects LLP and its nominees by executing a Share Purchase Agreement for Rs 85.99 crore.
Source – Moneycontrol