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PRE MARKET
Gift Nifty indicates a weak start for the broader index in India, with a loss of 50 points or 0.19 percent. The Nifty futures were trading around the 26,040.50 level.
Wall Street closed lower on Monday as investors braced for a slew of economic data later this week while assessing reports on Federal Reserve candidates and commentary from policymakers for clues on the interest rate outlook.
The Dow Jones Industrial Average fell 41.49 points, or 0.09%, to 48,416.56, the S&P 500 lost 10.90 points, or 0.16%, to 6,816.51, and the Nasdaq Composite lost 137.76 points, or 0.59%, to 23,057.41.
Asian equities posted a modest decline at the open as investors reined in risk in the run-up to the release of key US economic data that may signal where interest rates are headed.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted went down -1.36, -1.5,1, and -1.15 percent, respectively.
STOCKS TODAY
Senores Pharmaceuticals
The company has entered into a Share Purchase Agreement to acquire 100% of the share capital of Apnar Pharma in two tranches. Upon completion of the acquisition, Apnar Pharma will become a wholly owned subsidiary of the company.
Arvind SmartSpaces
The company has acquired a new residential high-rise project in Whitefield, Bengaluru, with a total estimated saleable area of 4.6 lakh sq. ft. and a top-line potential of Rs 550 crore. The project has been acquired on an outright basis.
Ion Exchange India
The company has received contracts worth Rs 205 crore from Rayzon Energy and INOX Solar. It has received an order worth Rs 95 crore from Rayzon Energy for process and utility systems required for its 5.1 GW PV solar project coming up at Kathwada, Surat, including an ultrapure water system, ETP, and ZLD. The contract awarded by INOX Solar amounts to approximately Rs 110 crore and includes ultrapure water generation, wastewater treatment systems, and zero liquid discharge solutions.
State Bank of India
The bank will be signing a Euro 150 million Line of Credit with KfW (German Development Bank) for financing climate-friendly energy generation projects. Additionally, the Central Government has appointed Ravi Ranjan, Deputy Managing Director of State Bank of India, as Managing Director of the bank.
Delhivery
The logistics provider has announced the launch of its on-demand intracity shipping service on the Delhivery Direct app for customers in Mumbai and Hyderabad. The service offers pickups within 15 minutes of booking.
Source – Moneycontrol