{"id":40335,"date":"2024-10-17T08:53:37","date_gmt":"2024-10-17T03:23:37","guid":{"rendered":"https:\/\/flattrade.in\/kosh\/?p=40335"},"modified":"2024-10-17T09:09:52","modified_gmt":"2024-10-17T03:39:52","slug":"gift-nifty-indicates-a-flat-start-for-the-indian-stock-indices-the-us-markets-ended-higher-led-by-financial-stocks-the-asian-markets-traded-mixed-following-the-gains-on-wall-street","status":"publish","type":"post","link":"https:\/\/flattrade.in\/kosh\/gift-nifty-indicates-a-flat-start-for-the-indian-stock-indices-the-us-markets-ended-higher-led-by-financial-stocks-the-asian-markets-traded-mixed-following-the-gains-on-wall-street\/","title":{"rendered":"Gift Nifty indicates a flat start for the Indian stock indices; The US markets ended higher led by financial stocks; The Asian markets traded mixed following the gains on Wall Street"},"content":{"rendered":"\t\t
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PRE-MARKET REPORT<\/strong><\/span><\/p>

The domestic equity market indices, Sensex and Nifty 50, are expected to open on a cautious note on Thursday following mixed cues from global markets.<\/span><\/p>

Gift Nifty was trading around the 25,020 level, a discount of nearly 10 points from the Nifty futures\u2019 previous close, indicating a tepid start for the Indian stock market indices.<\/span><\/p>

The US stock market ended higher on Wednesday led by financial stocks, with the Dow Jones Industrial Average closing at a record high.<\/span><\/p>

The Dow Jones rallied 337.28 points, or 0.79%, to 43,077.70, while the S&P 500 gained 27.21 points, or 0.47%, to 5,842.47. The Nasdaq Composite ended 51.49 points, or 0.28%, higher at 18,367.08.<\/span><\/p>

Asian markets traded mixed following overnight gains on Wall Street. Japan\u2019s Nikkei 225 was flat, while the Topix rose 0.34%. South Korea\u2019s Kospi gained 0.1%, and the Kosdaq eased 0.25%. Hong Kong Hang Seng index futures indicated a higher opening.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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STOCKS TODAY<\/strong><\/span><\/p>

Oriana Power:<\/strong> The company has received a new contract worth Rs 375 crore for the construction of a 75 MW (AC) solar power plant from Maharashtra State Electricity Distribution Company. The project involves the implementation of feeder-level solarisation under Component C of the PM-KUSUM Scheme, including land and transmission lines.<\/span><\/p>

Bikaji Foods International:<\/strong> The company’s subsidiary, Bikaji Foods Retail, will make a strategic investment of up to Rs 131.01 crore in Hazelnut Factory Food Products for the acquisition of its 53.02% stake in tranches. This acquisition is part of the company’s overall strategy to develop and expand its quick service restaurant (QSR) business vertical.<\/span><\/p>

Ircon International:<\/strong> The company has signed a Memorandum of Understanding (MoU) with Patel Engineering for collaboration and cooperation to jointly execute mutually beneficial business opportunities in various infrastructure projects in India and overseas.<\/span><\/p>

Welspun Corp:<\/strong> The company’s subsidiary, Sintex-BAPL, has completed the acquisition of a 100% stake in Weetek Plastic from the current shareholders. Following the acquisition, Weetek Plastic becomes the company’s wholly owned step-down subsidiary. Weetek Plastic manufactures plastic pipes, fittings, and water storage tanks with a combined capacity of 19 KMPTA in Raipur, Chhattisgarh.<\/span><\/p>

Oberoi Realty:<\/strong> The board has approved the issuance of non-convertible debentures worth up to Rs 1,500 crore on a private placement basis. Additionally, it plans to launch a residential project named Jardin at Oberoi Garden City, Thane, on October 18.<\/span><\/p>

Tata Elxsi:<\/strong> The design and technology services company has launched Coalesce, powered by the Snapdragon Spaces XR platform from Qualcomm Technologies Inc. Coalesce is an XR-based immersive collaboration solution that integrates spatial computing, digital twins, and simulations.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tOpen Free Demat Account<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"PRE-MARKET REPORT The domestic equity market indices, Sensex and Nifty 50, are expected to open on a cautious…","protected":false},"author":5,"featured_media":38029,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"footnotes":""},"categories":[42],"tags":[46,48,692,693,47],"class_list":{"0":"post-40335","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-morninger","8":"tag-market-news","9":"tag-nifty-today","10":"tag-opening-bell","11":"tag-pre-market","12":"tag-sensex-today","13":"cs-entry","14":"cs-video-wrap"},"yoast_head":"\nGift Nifty indicates a flat start for the Indian stock indices; 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