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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 37.5 points or 0.15 percent. The Nifty futures were trading around 24,432.
Wall Street stocks rallied on Thursday, while gold prices slid, as solid earnings from big tech bolstered investor risk appetite.
All three major U.S. stock indexes began the month with solid gains, with upbeat quarterly results from Meta Platforms and Microsoft benefiting the Nasdaq most, sending the tech-laden index up 1.5%.
The Dow Jones Industrial Average rose 83.42 points, or 0.21%, to 40,752.78, the S&P 500 rose 35.04 points, or 0.63%, to 5,604.11, and the Nasdaq Composite rose 264.40 points, or 1.52%, to 17,710.74.
Asian stocks edged up and US equity-index futures reversed losses Friday after China said it’s evaluating possible US trade talks, boosting optimism that tariff tensions will tamp down.
Japan’s Nikkei was up by 0.68 percent, Singapore’s Straits times was also up by 0.18 percent, and both the Hang Seng and the Taiwanese index were up by around 1.5 percent each.
STOCKS TODAY
JSW Energy
The company’s subsidiary, JSW Neo Energy, has signed a Pumped Hydro Storage Power Procurement Agreement with Uttar Pradesh Power Corporation (UPPCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage.
GR Infraprojects
The company’s subsidiary, Agra Gwalior Highway, has executed the concession agreement for a project worth Rs 4,262.78 crore with the National Highways Authority of India. The project involves the construction of the Agra-Gwalior Greenfield road.
One MobiKwik Systems
The company’s subsidiary, Zaak ePayment Services, has received the Certificate of Authorisation from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator. Zaakpay is a B2B payments company that enables online businesses to accept payments seamlessly across multiple payment modes.
NMDC
The company has increased its lump ore and fines prices by Rs 440 per tonne each, to Rs 6,440 per tonne and Rs 5,500 per tonne, respectively, effective May 1. Additionally, the Board has approved the designation of K Venkateswarlu, General Manager (Finance), as the Whole-Time Chief Financial Officer of the company.
CESC
The Maharashtra Electricity Regulatory Commission has approved the Power Purchase Agreement between The Tata Power Company and Dhariwal Infrastructure for procurement of 75 MW power on a medium-term basis through a competitive bidding process as per the Letter of Award.
Aditya Birla Fashion and Retail
The Board of the company’s subsidiary, Aditya Birla Lifestyle Brands, has appointed Ashish Dikshit as Managing Director and Vishak Kumar as Deputy Managing Director and Chief Executive Officer. Ashish Dikshit will also continue in his current role as Managing Director of Aditya Birla Fashion and Retail.
Source – Money Control
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