Gift Nifty indicates a positive start for the Indian market; US Market ended higher; Asian stocks opened higher following the Wall Street

PRE MARKET

Gift Nifty indicates a positive start for the broader index in India, with a gain of 65.5 points or 0.25 percent. The Nifty futures were trading around the 25,910 level.

Cooler-than-expected inflation data and upbeat corporate earnings lifted all three major U.S. stock indexes to all-time closing highs on Friday, setting the stage for next week’s earnings reports and an expected interest rate cut by the Federal Reserve.

The Dow Jones Industrial Average rose 472.51 points, or 1.01%, to 47,207.12, the S&P 500 gained 53.25 points, or 0.79%, to 6,791.69 and the Nasdaq Composite gained 263.07 points, or 1.15%, to 23,204.87.

Japan’s Nikkei 225 breached the 50,000 mark for the first time Monday as investors cheered progress in U.S.-China trade talks and strong momentum from Wall Street. The benchmark index rose over 2%, while the Topix added 1.61%.

Japan’s Nikkei, Hong Kong’s Hang Seng and the Taiwanese weighted index went up 2.10, 1.17 and 1.93 percent respectively.

STOCKS TODAY

NCC

The company has received a Letter of Acceptance for a contract worth Rs 6,828.94 crore from Central Coalfields for the extraction and transportation of overburden (OB) and coal at Amrapali OCP, Chandragupt Area, Jharkhand.

GPT Infraprojects

The company has received an order worth Rs 195 crore from Terminal Industriel Polyvalent de San Pedro, Ivory Coast, for the supply, installation, testing, and commissioning of a conveyor belt system at the Ivory Coast port.

Epack Prefab Technologies

The company has received an order worth Rs 129.94 crore from Avaada Ventures. The order involves the design, fabrication, and supply of a pre-engineered steel building for a glass factory at Butibori, Nagpur, Maharashtra.

Vikran Engineering

The company has received a Letter of Award for a contract worth Rs 354.21 crore from Ellume Energy MH SolarOne (SPV) for the development of a 100 MW (AC) cumulative capacity grid-interactive solar PV power project in Maharashtra.

Housing & Urban Development Corporation

HUDCO has signed a non-binding Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to explore collaboration in existing and upcoming infrastructure development, and in financing and refinancing of port infrastructure projects at JN Port, for an estimated amount of Rs 5,000 crore.

Source – Moneycontrol