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PRE MARKET
Gift Nifty indicate a negative start for the broader index in India, with a loss of 117 points or 0.46 percent. The Nifty futures were trading around the 25,318 level.
Global stocks rose in choppy trading on Friday, on track for a weekly gain, driven by positive sentiment on Wall Street following key central bank decisions.
The Dow Jones Industrial Average rose 0.37% to 46,315.27, the S&P 500 advanced 0.49% to 6,664.36, and the Nasdaq Composite rose 0.72% to 22,631.48. All three also hit record highs the day before.
Asian shares advanced, led by Japan, after the central bank eased concerns over plans to offload its massive exchange-traded fund holdings.
Japan’s Nikkei KOSPI Index and the Taiwanese weighted index went up 1.51, 0.76, and 0.50 percent, while Hong Kong’s Hang Seng went down 0.81 percent.
STOCKS TODAY
Lupin
The US Food and Drug Administration (US FDA) conducted a product-specific Pre-Approval Inspection at the company’s Pune Biotech facility during September 8–19. The inspection was closed by the US FDA with four observations.
Amber Enterprises India
The company’s subsidiary, IL JIN Electronics (India), has acquired a 100% equity stake in ILJIN Holding, which is incorporated in Israel, from the existing shareholder Gary Sussman. Consequently, ILJIN Holding has become a wholly owned subsidiary of ILJIN and, in turn, a step-down wholly owned subsidiary of Amber Enterprises India.
RailTel Corporation of India
The company has received a work order worth Rs 18.06 crore from Dredging Corporation of India for the provision of seamless offshore internet for DCI vessels and ICCC.
PNC Infratech
The company has received a Letter of Acceptance (LOA) for a project worth Rs 495.54 crore from Bihar State Road Development Corporation. The project involves the construction of a high-level bridge and approach road on the Hathouri-Atrar-Bavangama-Aurai road in Bihar.
Godrej Consumer Products
The company has infused equity amounting to $85 million in its subsidiary Godrej Mauritius Africa Holdings. This transaction has been executed with the objective of strengthening and deleveraging the balance sheet of Godrej Mauritius Africa Holdings.
Oil India
Oil India has signed a Joint Venture Agreement with Rajasthan Rajya Vidyut Utpadan Nigam (RVUNL) to develop 1.2 GW of renewable energy projects, comprising 1,000 MW of solar and 200 MW of wind, within RVUNL’s Renewable Energy Park in Rajasthan.
Source – Moneycontrol