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PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 333 points or 1.28 percent. The Nifty futures were trading aroundthe 26,256 level.
Wall Street closed lower on Wednesday as a wave of mixed earnings, including Netflix’s disappointing results, dampened risk sentiment as investors assessed reports that the Trump administration is considering curbs on exports to China made with U.S. software.
The Dow Jones Industrial Average fell 334.33 points, or 0.71%, to 46,590.41, the S&P 500 lost 35.95 points, or 0.53%, to 6,699.40, and the Nasdaq Composite lost 213.27 points, or 0.93%, to 22,740.40.
Asian stocks opened lower following a volatile session on Wall Street that saw broad losses across equities and haven assets.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese index went down 1.28, 0.36, and 0.51 percent, respectively.
STOCKS TODAY
Bharat Electronics
The company has received an order valued at Rs 633 crore from Cochin Shipyard for the supply of items required for various sensors, weapon equipment, fire control systems, and communication equipment.
Kirloskar Ferrous Industries
The company has received a contract from Oil and Natural Gas Corporation (ONGC) for the supply of regular EUE tubing, pup joints, and crossovers. The total order value is around Rs 358 crore.
HCL Technologies
DIB, the world’s first Islamic bank and the largest in the UAE, has announced a strategic partnership with HCLTech to accelerate the adoption of Artificial Intelligence (AI) across its ecosystem.
Lloyds Metals and Energy
The company has completed the acquisition of a 49.99% stake in Thriveni Pellets from Adler Industrial Services and Thriveni Earthmovers. The company also announced the allotment of 19,57,458 equity shares at Rs 1,460.50 per share, valued at Rs 285.88 crore, on a preferential basis to Adler Industrial Services, a promoter shareholder of Thriveni Pellets.
Rubicon Research
The company’s subsidiary, Advagen Holdings Inc., has entered into a definitive agreement with GEn1E Lifesciences Inc. to acquire Series Prime Preferred Stock in tranches, for up to $3 million. The transaction is a minority investment in Gen1E, relating to the development of pharmaceutical products.
LTIMindtree
Nachiket Deshpande has resigned from the position of Whole-time Director & President of AI Services, effective October 31, to explore new opportunities beyond LTIMindtree.
Source – Moneycontrol