PRE MARKET
GIFT Nifty was trading at 23,462.00 in early morning trade, up 39.00 points or 0.17 percent, indicating a flat-to-positive opening for Indian equities.
The S&P 500 was down -0.16% to end the session at 7,400.96 points. The Nasdaq ended up -0.71% to 26,088.20 points, and the Dow Jones Industrial Average flat -0.05% to 49,732.83 points.
Asian equities traded lower on Wednesday after hotter-than-expected US inflation data and continued uncertainty around the US-Iran conflict weighed on investor sentiment.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index edged mixed 0.16, -0.41, and -2.09 percent.
STOCKS IN NEWS
Rail Vikas Nigam
RVNL has emerged as the lowest bidder (L1) from South East Central Railway for EPC work worth Rs 221.3 crore. The work involves the replacement of panel interlocking with electronic interlocking, along with all indoor and outdoor gears, OFC huts, construction of S&T service buildings, and electrification of S&T service buildings, including cabling works in adjoining block sections of BSPR, KLPG, ABKP, MZH, HRV, PRDL, KTMA, BJRI, KJZ, MDGR, CHRM, GTK, KL TR, PLAU, and KBS stations of the Bilaspur Division of South East Central Railway.
PNC Infratech
The company announced the execution of a settlement agreement with the National Highways Authority of India for an amount of Rs 234.99 crore towards a one-time settlement under the Government of India’s ‘Vivad Se Vishwas II (contractual disputes)’ scheme.
Texmaco Rail & Engineering
The company has received a Letter of Award worth Rs 4,045 crore from Tsiko Africa Logistics (Pty), together with Barberry Holdings (Pty), for rolling stock freight wagons, locomotives, components, and their long-term maintenance.
Vodafone Idea
The board will consider the standalone and consolidated audited financial results of the company for Q4FY26 and evaluate a proposal for raising funds through the issuance of equity shares and/or warrants on a preferential basis on May 16.
Interarch Building Solutions
The company has received a contract worth Rs 102 crore for the design, engineering, manufacturing, supply, and erection of a pre-engineered steel building system from a customer.
Source – Moneycontrol
