PRE MARKET
Gift Nifty was trading around 23,995 level, a premium of nearly 251 points from the Nifty futures’ previous close, indicating a gap-up start for the Indian stock market indices.
US stock market ended higher on Friday, with the Dow Jones reaching a record closing high, and the S&P 500 notching its eighth consecutive weekly gain.
The Dow Jones Industrial Average rallied 382.67 points, or 0.76%, to 50,963.37, while the S&P 500 gained 27.75 points, or 0.37%, to 7,473.47. The Nasdaq Composite closed 50.87 points, or 0.19%, higher at 26,343.97.
Asian markets traded higher, while the US stock market surged, as investors cheered signs of progress in talks to end the US-Iran war in the Middle East.
Japan’s Nikkei 225 jumped 2.75% to hit a record of 65,081.96, while Taiwan Weghted gained 2.80%. Markets in South Korea and Hong Kong are closed for public holidays
STOCKS IN NEWS
Lupin
Lupin said that China’s National Medical Products Administration has approved the company’s Abbreviated New Drug Application for Oseltamivir Phosphate, developed in partnership with Yabao Pharmaceuticals. This marks Lupin’s first product entry into China.
Gujarat Themis Biosyn
Gujarat Themis Biosyn has signed a definitive agreement to acquire a 100 percent equity stake in MicroBiopharm Japan Co from funds managed or advised by T Capital Partners Co, a Japan-based private equity fund. The transaction, valued at Rs 1,300 crore, is expected to close in Q2 FY2027.
Aurobindo Pharma
Aurobindo Pharma said the United States Food and Drug Administration (US FDA) inspected Unit-I, a formulation manufacturing facility of Eugia Pharma Specialities, a wholly owned subsidiary of the company, in Telangana from February 16 to February 27. The inspection concluded with four observations.
RBL Bank
Emirates NBD Bank has announced an open offer to acquire up to 41.55 crore shares of RBL Bank from public shareholders, representing 26 percent of the expanded voting share capital, at Rs 282.38 per share. The total offer size is valued at Rs 11,735.3 crore.
Source: Mint, Moneycontrol
