PRE MARKET
Gift Nifty indicates a positive start for the broader index in India, with a gain of 91 points or 0.35 percent. The Nifty futures were trading around the 25,981 level.
The S&P 500 and the Nasdaq rose solidly after a shaky start on Monday, as technology stocks found their footing following last week’s AI-sparked selloff, while investors waited for key economic data that could shed light on the Federal Reserve’s interest-rate path. While the Dow notched its second closing record in a row with a small gain, the S&P 500 ultimately finished short of its closing record.
After surpassing 50,000 points for the first time on Friday, the Dow Jones Industrial Average rose 20.20 points, or 0.04%, to 50,135.87. The S&P 500 gained 32.52 points, or 0.47%, to 6,964.82 and the Nasdaq Composite gained 207.46 points, or 0.90%, to 23,238.67.
Asian stocks advanced for a second day in early trading on Tuesday, led by an extended rally in Tokyo’s benchmark after Japanese Prime Minister Sanae Takaichi’s decisive election victory over the weekend.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went up 2.42, 1.29, and 1.57 percent, respectively.
STOCKS IN NEWS
Ceigall India
The company has received a Letter of Award (LoA) from Rewa Ultra Mega Solar for the development of Unit 1, with a capacity of 220 MW, at Morena Solar Park in Madhya Pradesh. The project value stands at Rs 1,700 crore.
Marico
The company’s subsidiary, Marico South East Asia Corporation (MSEA), has entered into definitive agreements to make a strategic investment in Vietnam-incorporated Skinetiq Joint Stock Company. Skinetiq owns the digital-first, science-backed skincare brand Candid and also holds exclusive distribution rights in Vietnam for the luxury clinical skincare brand Murad.
NTPC Green Energy
The company has declared commercial operations of the eleventh part capacity of 14.43 MW out of the 1,255 MW Khavda-I Solar PV project in Gujarat. The current commercial capacity of the NTPC Green Energy Group stands at 8,813.25 MW. With the addition of this capacity, the total installed capacity of the NTPC Green Energy Group will increase to 8,827.68 MW.
Garden Reach Shipbuilders & Engineers
Garden Reach Shipbuilders & Engineers has signed a Memorandum of Understanding (MoU) with Hindustan Shipyard to form a consortium aimed at undertaking a large-scale, strategically significant national shipbuilding programme.
Indoco Remedies
The Maharashtra State GST Department concluded an inspection at the company’s facility on February 8. The company has provided all necessary documents, clarifications, and details as requested. Further, no official document has been issued.
Adani Enterprises
The Rights Issue Committee of the Board has approved and fixed February 13 as the record date for ascertaining eligible shareholders of partly paid-up equity shares to whom the Second and Final Call notice for the payment of Rs 450 per rights equity share will be issued.
Source – Moneycontrol
