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PRE MARKET
The Nifty gift indicates a positive start for the broader Indian index, with a gain of 69.5 points, or 0.28 percent. The Nifty futures were trading around the 25,181 level.
US consumer prices rose more than expected in August, and the annual inflation rate was the largest in seven months.
The S&P 500 climbed 0.85% to end the session at 6,587.47 points. The Nasdaq gained 0.72% to 22,043.08 points, while the Dow rose 1.36% to 46,108.00 points.
Asia joined a global equity rally after relatively tame US inflation data and cooling jobs numbers clinched a path for the Federal Reserve to cut interest rates next week.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went up 0.55, 1.3,7 and 0.83 percent, respectively.
STOCKS TODAY
Canara Bank
Canara Robeco Asset Management Company, a subsidiary of Canara Bank, has received an observation letter from the Securities and Exchange Board of India (SEBI) dated September 10, for filing the Red Herring Prospectus (RHP) to float an IPO.
Lodha Developers
The real estate developer has signed a Memorandum of Understanding (MoU) worth Rs 30,000 crore with Lodha Developers for setting up a data centre park in Palava. Combined investments of over Rs 30,000 crore are anticipated from Lodha and various data centre players in this park.
NBCC India
The company has signed an MoU with Rajasthan State Industrial Development & Investment Corporation (RIICO) for the development of Rajasthan Mandapam and allied infrastructure projects near Jaipur International Airport. The project is valued at Rs 3,700 crore.
JBM Auto
The company’s subsidiary JBM Ecolife Mobility has secured a $100 million long-term capital investment from the International Finance Corporation (IFC). The investment will finance the deployment of modern, air-conditioned electric buses across cities in Maharashtra, Assam, and Gujarat.
JSW Infrastructure
The company, through its subsidiary JSW Port Logistics, has announced the acquisition of a brownfield rail siding for Rs 57 crore in Ballari (Karnataka). The site spans over 86 acres and was previously owned by Hothur Ispat.
Source – Moneycontrol