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PRE MARKET
The Nifty gift indicates a positive start for the broader Indian index, with a gain of 18.5 points, or 0.07 percent. The Nifty futures were trading aroundthe 25,170.50 level.
Wall Street stocks closed marginally up on Monday as investors sidestepped any meaningful moves following U.S. President Donald Trump’s latest tariff threats, and held steady ahead of a busy week of economic data and the start of earnings season.
The Dow Jones Industrial Average rose 88.14 points, or 0.20%, to 44,459.65, the S&P 500 gained 8.81 points, or 0.14%, to 6,268.56, and the Nasdaq Composite advanced 54.80 points, or 0.27%, to 20,640.33.
Asian shares swung between small gains and losses ahead of China’s release of gross domestic product data, which will give investors clues on the impact of President Donald Trump’s tariffs.
Japan’s Nikkei went up 0.26 percent, Hong Kong’s Hang Seng and the Taiwanese weighted index also went up 1.19 and 0.19 percent respectively.
STOCKS TODAY
RailTel Corporation of India
RailTel has received a work order worth Rs 264.07 crore from East Central Railway. The order involves the provision of Kavach, an indigenous train collision avoidance system, on the low-density railway tracks of the East Central Railway.
Sun Pharmaceutical Industries
The company has entered into a settlement and license agreement with Incyte Corporation related to litigation concerning LEQSELVI (deuruxolitinib). As a result, Sun Pharma has announced the launch of LEQSELVI in the United States. The drug is indicated for the treatment of adults with severe alopecia areata.
Inox Wind
The Board of Directors of the company will meet on July 17 to consider raising funds through the issuance of equity shares or other securities, via a rights issue and/or any other permissible mode.
Life Insurance Corporation of India
The Government of India has appointed R Doraiswamy as the Chief Executive Officer and Managing Director of LIC for a three-year term, effective July 14.
Oberoi Realty
The resolution plan of the consortium comprising Oberoi Realty, Shree Naman Developers, JM Financial Properties and Holdings, under the Corporate Insolvency Resolution Process (CIRP) of Hotel Horizon, has been approved by the Committee of Creditors. The consortium will acquire Hotel Horizon for Rs 919 crore. The hotel holds 7,500 square meters of land at Juhu, Mumbai.
Source – Moneycontrol