Market View 18th April 2024

Particulars	17th April	Chg.	Chg.(%)
Nasdaq	15683.37	-181.88	-1.15
Dow	37753.31	-45.66	-0.12
FTSE	7847.99	27.63	0.35
CAC	7981.51	48.90	0.61
DAX	17770.02	3.79	0.02
Dow Fut.*	37822.69	69.38	0.18

Particulars	18th April	Chg.	Chg.(%)
GIFT Nifty	22196.50	85.00	0.38
Nikkei	38090.87	129.07	0.34
Straits Times	3190.17	35.48	1.11
Hang Seng	16480.67	228.83	1.39
Shanghai	3085.56	14.18	0.46

Particulars	17th April	Chg.	Chg.(%)
Dr. Reddy	71.37	-0.24	-0.34
HDFC Bank	56.80	0.28	0.50
ICICI Bank	25.62	0.13	0.51
Infosys	16.94	-0.11	-0.65
Wipro	5.26	-0.01	-0.10

Commodities & Currency:

FIIs & DIIs:

News Update:

One 97 Communications: Paytm has refuted reports on the deferral of the license application of Paytm Payment Services. The company has not received any communication suggesting a deferral or penalties with regard to Paytm Payment Services license application.

Vodafone Idea: The company successfully closed the anchor book allocation of 490 crore equity shares at Rs 11 per share for its upcoming public offer. Anchor investors have bought 491 crore shares at Rs 11 each. GQG has invested Rs 1,348 crore, Fidelity Rs 774 crore, and Redwheel Funds has put in Rs 281 crore.

Infosys: The company announced a successful collaboration with Proximus, Belgium’s leading digital services and communications solutions provider to standardize its existing processes on the ServiceNow platform and transform its customer service management operations.

Zee Entertainment Enterprises: The company announced its decision to withdraw the merger implementation application filed before the National Company Law Tribunal. This will enable the company to continue to aggressively pursue all its claims against Sony in the ongoing arbitration proceedings at the Singapore International Arbitration Centre and in other forums. NSE has excluded the company from the derivatives segment.

Ambuja Cements: The Adani family infused an additional Rs 8,339 crore, taking total infusion to Rs 20,000 crore under the warrants program; increasing stake to 70.3% from 63.2%.

Power Grid: Approved raising funds up to Rs 12,000 crore via bonds in FY25.

IIFL Finance: The company approved a right issue of an amount not exceeding Rs 1,500 crore at an offer price of Rs 300 per share. Rights issue to open on April 30, close on May 14.

Adani Enterprises: The company’s step-down unit incorporated a Joint Venture King Power Ospree in Singapore.

Power Grid Corporation of India: The company was declared a successful bidder for the inter-state transmission system.

Source: Moneycontrol, Bloomberg Quint, Investing 

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Kiran Tahlani, Elite Wealth Limited, kirantahlani@elitestock.com

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