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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 41 points or 0.16 percent. The Nifty futures were trading around the 25,189 level.
The Nasdaq has ended at a record high in six of the previous seven sessions, and the S&P 500 has had six best finishes since June 27.
The Nasdaq Composite gained 153.78 points, or 0.74%, to 20,884.27, and the S&P 500 increased 33.66 points, or 0.54%, to 6,297.36. The Dow Jones Industrial Average also ended up, rising 229.71 points, or 0.52%, to 44,484.49.
Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan’s upper house election.
Japan’s Nikkei went down 0.27 percent, while Hong Kong’s Hang Seng and the Taiwanese weighted went up 1.17 and 1.08 percent.
STOCKS TODAY
Lupin
The US Food and Drug Administration (US FDA) inspected Lupin’s Pithampur Unit-3 manufacturing facility during July 7–17. The inspection concluded with the issuance of a Form 483 containing three observations. Additionally, the US FDA inspected the Pithampur Unit-2 manufacturing facility during July 8–17 and closed the inspection with the issuance of a Form 483 containing four observations.
Bajaj Auto
The company’s subsidiary, Bajaj Auto Credit, has received approval from its board of directors for a fresh issuance limit of non-convertible debentures (NCDs) up to Rs 5,000 crore, an enhanced limit for the issuance of commercial papers up to Rs 3,000 crore, and a subordinated debt (Tier-2) issuance limit up to Rs 750 crore.
Mahindra and Mahindra
The company has approved the subscription to equity shares of Mahindra Logistics to the extent of its rights entitlement. It will also subscribe to additional shares as well as any unsubscribed portion of the rights issue at Rs 277 per share. Mahindra Logistics had earlier approved a rights issue of equity shares worth up to Rs 749 crore at an issue price of Rs 277 per share.
Tracxn Technologies
The share buyback price has been increased from Rs 70 per share to Rs 75 per share. Further, the maximum number of equity shares proposed to be bought back by the company has been reduced from 11.43 lakh shares to 10.67 lakh shares, equivalent to 0.99% of the total number of equity shares.
Veranda Learning Solutions
The company has launched its Qualified Institutions Placement (QIP) issue on July 17, with a floor price of Rs 236.92 per share.
Source – Moneycontrol