PRE MARKET
Gift Nifty Indicates a positive start for the broader index in India, with a gain of 77 points or 0.32. percent. The Nifty Futures were trading around the 24,327 level.
US stocks rose Wednesday as investors were encouraged by corporate earnings and hopeful of progress in U.S.-Iran negotiations.
The Dow Jones Industrial Average fell 72.27 points, or 0.15%, to 48,463.72, the S&P 500 gained 55.57 points, or 0.80%, to 7,022.95 and the Nasdaq Composite gained 376.93 points, or 1.60%, to 24,016.02.
Stocks pushed higher in early Asia trading on Thursday as optimism grew about a deal to end the Iran war with the US ratcheting up pressure on Tehran, while traders prepared for a raft of economic data and critical earnings reports.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went up 2.52, 1.38, 0.26 percent, respectively.
STOCKS IN NEWS
Aurobindo Pharma
The company’s subsidiary, TheraNym Biologics, has expanded its existing CMO agreement with Merck Sharp & Dohme Singapore Trading, Singapore, through the execution of an additional product schedule. Under the new product schedule, TheraNym Biologics will construct a greenfield project for commissioning a large-scale mammalian drug substance manufacturing facility (Unit 2), housing a total of 60 KL bioreactor capacity.
GHV Infra Projects
The company has entered into a construction contract worth Rs 815 crore with APCO Infratech for the execution of road construction work and other miscellaneous civil works. The construction period will be 30 months.
John Cockerill India
The company has received an order worth Rs 300 crore from JSW Steel Coated Products for the design, manufacturing, supply, and supervision of erection and commissioning of a continuous galvanizing line at its Khopoli plant.
Brigade Enterprises
The company has signed a joint development agreement for a residential township project spread across an 8.63-acre parcel in Bengaluru, with an estimated gross development value (GDV) of about Rs 7,200 crore.
Source – Moneycontrol
