Get App
PRE MARKET
Gift Nifty signals a subdued start for Indian markets. As of 8:00 AM, the GIFT Nifty index was trading at 24,760, down by 69 points or 0.28 percent.
US stock markets closed significantly lower on Wednesday amid a sharp rise in Treasury yields, driven by concerns that federal debt could expand by trillions of dollars should Congress approve President Donald Trump’s proposed tax-cut legislation.
The Dow Jones Industrial Average declined 1.9 percent, the S&P 500 dropped 1.6 percent, and the Nasdaq Composite fell 1.4 percent.
Meanwhile, the dollar weakened for a fourth straight session.
Asian equities declined and US Treasuries extended their losses at the open on Thursday, tracking the downturn on Wall Street amid mounting concerns over the ballooning US fiscal deficit.
Japan’s Nikkei declined 0.89 percent, Singapore’s Straits Times was also down nearly 0.40 percent, and Hang Seng and the Taiwanese index decreased around 0.9 percent each.
STOCKS TO WATCH
NBCC
The company has received an order worth Rs 161.55 crore from Power Finance Corporation. The work order involves interior works at Tower-H, World Trade Centre, Nauroji Nagar, New Delhi.
Jindal Poly Films
JPFL Films, a material subsidiary of the company, informed that a fire accident occurred at its plant located at Nashik Igatpuri Road, Maharashtra, on May 21. The production operations at a part of the plant have been temporarily disturbed. The cause of the fire will be assessed in due course, and the company is in the process of ascertaining the actual loss caused by the incident.
Hindustan Zinc
The Government of Andhra Pradesh has issued a Letter of Intent (LoI) to the company, naming it the preferred bidder for the grant of a composite license for the Balepalyam Tungsten and associated mineral block, covering 308.30 hectares in Ananthapuram district.
KPR Mill
ICICI Prudential Life Insurance Company Limited acquired the company’s equity shares. They acquired 17,54,386 equity shares in the company at an average price of Rs 1,140.10 per share. However, promoters KPD Sigamani, K P Ramasamy, and P Nataraj each sold 36 lakh shares in the company at the same average price of Rs 1,140.10 per share.
Source – Moneycontrol
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.