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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 119 points or 0.46 percent. The Nifty futures were trading around the 26,163.50 level.
Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the U.S. Federal Reserve to implement its third and final rate cut of the year in December, while softness in the tech sector limited the Nasdaq’s gains.
The Dow Jones Industrial Average rose 664.18 points, or +1.43%, to 47,112.45, the S&P 500 gained 60.77 points, or +0.91%, to 6,765.89, and the Nasdaq Composite gained 153.59 points, or +0.67%, to 23,025.59.
Asian stocks rose on Wednesday, chasing gains on Wall Street as weaker-than-expected economic data spurred expectations that the Federal Reserve will cut interest rates at its policy meeting next month.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted went up +2.07, +0.8,4 and +1.55 percent respectively.
STOCKS TODAY
Bharti Airtel
Promoter Indian Continent Investment is likely to sell up to 3.43 crore shares (0.56% stake) in the telecom operator via a block deal, with an offer size of $806 million and a floor price of Rs 2,096.7 per share.
NCC
The company has received a Letter of Acceptance from the Public Works (Health & Education) Department, Assam, for the expansion and modernisation of Gauhati Medical College & Hospital. The contract value is Rs 2,062.71 crore.
Zydus Lifesciences
The pharma company has received final approval from the United States Food and Drug Administration (USFDA) for Verapamil Hydrochloride extended-release tablets USP, in 120 mg, 180 mg, and 240 mg strengths. Verapamil Hydrochloride tablets, which are used to lower high blood pressure, had annual sales of $24.5 million in the United States (as per IQVIA MAT September 2025).
Nelco
The company has received additional authorisation from the Department of Telecommunications for 10 years to sell VSAT services of other UL-GMPCS licensees. The company’s Unified License and the validity of the additional UL VNO-GMPCS services authorisation will be co-terminus with the validity of the Unified License (VNO – Virtual Network Operator).
Indraprastha Gas
The company has entered into a Joint Venture Agreement with CEID Consultants & Engineering for setting up compressed biogas plants/biofuel projects. The shareholding in the joint venture will be 50% for Indraprastha Gas and 50% for CEID.
Bank Of Maharashtra
The Central Government has appointed Prabhat Kiran as Executive Director of the bank for three years, effective November 24. Earlier, Prabhat Kiran was the Chief General Manager at Canara Bank.
Source – Moneycontrol