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PRE MARKET
Gift Nifty indicates a positive start for the broader Indian index, with gains of 83 points or 0.33 percent. Nifty futures were trading around the 25,073.5 level.
After an initial drop at the open, U.S. markets shrugged off the downgrade of the country’s credit rating. Treasury Secretary Scott Bessent downplayed concerns, stating that the government is committed to reducing spending and boosting the economy.
The S&P 500 index climbed for six consecutive days, closing 0.1 percent higher. The Dow Jones gained 0.3 percent, while the Nasdaq ended flat.
Asian stocks are trading higher. The Nikkei gained 0.45 percent, the Hang Seng is up 0.8 percent, while the Shanghai Composite is marginally higher by 0.1 percent.
STOCKS TODAY
HFCL
The company has received a purchase order worth Rs 173.72 crore for the supply of indigenously manufactured telecom networking equipment for the 5G network of a leading domestic telecom service provider.
Rail Vikas Nigam
The company has emerged as the lowest bidder for a project worth Rs 178.64 crore from IRCON International. The project involves the supply of signalling, telecommunications, and EIMWB materials, along with installation, testing, and commissioning of distributed/centralised electronic interlocking (EI) installations at 10 new stations.
Shyam Metalics and Energy
The company has announced its strategic entry into the wagon manufacturing segment with a greenfield facility at Kharagpur, West Bengal. The facility, developed under its step-down subsidiary, Ramsarup Industries, is scheduled to commence operations by March 2026.
Power Grid
Public-sector firm Power Grid Corporation of India Ltd.’s shares will be in focus on Tuesday, May 20, after reporting flat profit growth for the three months ended March 31, 2025. The company reported its financial results for the fourth quarter of FY2025, posting a slight 0.6 percent decline in net profit at Rs 4,143 crore compared to Rs 4,166 crore in the same quarter last year.
Source – Moneycontrol
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