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

PRE MARKET

Gift Nifty indicates a positive start for the broader index in India, with a gain of 60.50 points or 0.24 percent. The Nifty futures were trading around the 25,463 level.

The S&P 500 ended higher on Wednesday, with Morgan Stanley and Bank of America rallying after solid quarterly results, while investors remained focused on the recent increase in China-U.S. trade tensions.

The S&P 500 climbed 0.40% to end the session at 6,671.06 points. The Nasdaq gained 0.66% to 22,670.08 points, while the Dow Jones Industrial Average declined 0.04% to 46,253.31 points.

Asian stocks rose after US equities closed higher in a volatile session as investors weighed renewed US-China trade tensions. Gold advanced to a fresh all-time high.

Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese index went up 0.87, 0.0,9, and 1.37 percent, respectively.

STOCKS TODAY

Bharat Electronics

The company has secured additional orders worth Rs 592 crore since September 29. The major orders received include tank subsystems and overhauling, communication equipment, combat management systems, ship data networks, the train collision avoidance system (Kavach), laser dazzlers, jammers, upgrades, and spares.

Hero MotoCorp

The world’s largest manufacturer of motorcycles and scooters has announced its official entry into the Republic of Spain, in partnership with Noria Motos, part of the ONEX Group, and the introduction of Euro 5+ models.

Jyoti Structures

The company has received an order worth Rs 288.36 crore from AESL Projects. The order involves the supply of towers, survey, soil investigation, foundations, erection, stringing, testing, and commissioning of a portion of the +800 kV HVDC Bhadla 3 – Fatehpur transmission line on a turnkey basis.

KEC International

The RPG Group company has secured a new order worth Rs 1,038 crore for the design, supply, and installation of a 380 kV GIS substation in Saudi Arabia. With this order, its year-to-date (YTD) order intake has surpassed Rs 16,000 crore.

Indian Energy Exchange

The Securities and Exchange Board of India (SEBI) has passed one of its biggest orders in recent times in an insider trading case involving shares of the Indian Energy Exchange. The market regulator uncovered insider trading transactions worth over Rs 173 crore following a swift investigation and search operations conducted about a month ago.

Source – Moneycontrol