PRE MARKET REPORT
Indian benchmark indices Sensex and Nifty 50 are likely to have a positive start on April 8, following the better performance of Gift Nifty.
Gift Nifty indicates a positive start for the broader index in India, with a gain of 337.50 points or 1.51 percent. The Nifty futures were trading around the 22,657.50 level.
Most major stock indexes ended a turbulent Monday lower as U.S. President Donald Trump showed no sign of easing up on his global trade war.
The Dow Jones Industrial Average fell 349.26 points, or 0.91%, to 37,965.60, the S&P 500 dropped 11.83 points, or 0.23%, to 5,062.25, and the Nasdaq Composite rose 15.48 points, or 0.10%, to 15,603.26.
Asian stocks bounced back after the worst day on record, snapping a global slump sparked by concerns that President Donald Trump’s trade war will hurt economic growth. Treasuries steadied after Monday’s sharp selloff, while US equity-index futures rose.
Japan’s Nikkei shares jumped nearly 6 percent, Hong Kong’s Hang Seng increased over 2 percent, while the Taiwanese benchmark sank 10 percent, just like yesterday.
STOCKS TODAY
Bharat Electronics
The company has signed a contract with the Ministry of Defence valued at Rs 2,210 crore for supplying an electronic warfare (EW) suite for Mi-17 V5 helicopters of the Indian Air Force. With this, BEL has now accumulated orders totaling Rs 2,803 crore in the current financial year.
Mahindra and Mahindra
The company has incorporated a wholly owned subsidiary named Mahindra Advanced Technologies in Mumbai, Maharashtra.
KPI Green Energy
The company has terminated the order from Sai Bandhan Infinium for the 66.20 MW hybrid power project under the captive power producer (CPP) segment due to changes in project technical requirements post-receipt of the order. This termination will not have any material financial impact on the company.
Brigade Enterprises
The company has signed a Joint Development Agreement for a residential project spread across 10 acres and 37 guntas, with a total development potential of around 0.37 million square feet. The gross development value (GDV) of the project is around Rs 225 crore.
IL&FS Engineering Company
The company has defaulted on the payment of a Rs 2,628.15 crore loan from banks/financial institutions as of March 2025. Its total financial indebtedness, including short-term and long-term debt, amounts to Rs 3,097.71 crore.
Source – Moneycontrol
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