Get App
PRE-MARKET REPORT
The domestic equity indices, Sensex and Nifty 50, are expected to open higher on Monday following gains in global markets.
Gift Nifty was trading around the 25,100 level, a premium of nearly 50 points from the Nifty futures’ previous close, indicating a positive start for the Indian stock market indices.
The US stock market ended higher on Friday, with the S&P 500 and the Dow Jones scoring record closing highs.
The Dow Jones Industrial Average rallied 409.74 points, or 0.97%, to 42,863.86, while the S&P 500 gained 34.98 points, or 0.61%, to 5,815.03. The Nasdaq Composite ended 60.89 points, or 0.33%, higher at 18,342.94.
Asian markets traded higher on Monday ahead of key economic data releases this week from the region. Japan’s market was shut for a holiday. South Korea’s Kospi rose 0.63%, while the Kosdaq index declined 0.43%. Hong Kong’s Hang Seng index futures indicated a higher opening.
STOCKS TODAY
Hindustan Aeronautics: The Department of Public Enterprises announced that Finance Minister Nirmala Sitharaman has approved the upgradation of Hindustan Aeronautics to the 14th Maharatna Central Public Sector Enterprise (CPSE).
Indo Count Industries: The company’s subsidiary, Indo Count Global, Inc., has acquired a 100% stake in Modern Home Textiles, Inc. for $11.7 million by entering into a stock purchase agreement with the stockholders of Modern Home. The acquisition will be completed by October 31.
Ashoka Buildcon: The construction engineering company has received a letter of acceptance for projects worth Rs 2,000 crore from the Maharashtra State Road Development Corporation. The projects involve the construction of major bridges across Jaigad Creek between Tawsal and Jaigad, Kundalika Creek between Revdanda and Salav, and Bankot Creek between Kolmandla (District Raigad) to Veshvi on the Revas Reddi Coastal Highway in Ratnagiri, Maharashtra.
Sudarshan Chemical Industries: The Board will meet on October 16 to consider raising funds by issuing equity shares via qualified institutional placements (QIP), preferential issues, rights issues, private placements, bonds, debentures, or other methods.
Valore Estate (DB Realty): The company has received a letter of acceptance from the Municipal Corporation of Greater Mumbai (MCGM) for the construction, completion, and handing over of about 13,374 affordable housing tenements under the Project-Affected Persons (PAP) Scheme on the company’s land at Malad East, Mumbai.
JSW Energy: The company’s subsidiary, JSW Energy PSP Two, has signed an Energy Storage Facility Agreement (ESFA) with Maharashtra State Electricity Distribution Company (MSEDCL) for the procurement of 1,500 MW / 12,000 MWh of pumped hydro energy storage. The ESFA is for the supply of energy storage capacity for 40 years, during which the company will receive a fixed capacity charge of Rs 84.66 lakh per MW per annum