Nasdaq

The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices

As the markets prepare to open, the mood is upbeat. At 6:34 AM, the GIFT Nifty futures are trading 28 points higher at 24,762 levels, hinting at a positive start

According to Reuters, the deal value would be around $2.8 billion. The offer price is 11 per cent higher than ReNew's closing stock price of $6.34 on December 10 on Nasdaq

That represents an 11.5 per cent premium to the stock's closing price of $6.34 on Nasdaq on Dec. 10. The offer's valuation is based on a total of 398.61 million diluted shares outstanding as of Aug 1

The company's shares have consistently traded well below a peak of about $12 in February 2021. A buyback of cheap shares could represent an opportunity as the Indian market is set to grow

In the previous session, the Sensex settled at 81,510.05, up marginally by 1.59 points. In contrast, Nifty settled at 24,610.05, down 8.95 points, or 0.05 per cent

At 6:35 AM, GIFT Nifty futures were trading 50 points higher at 24,753 levels, hinting at an upbeat start

Various factors like renewed buying by foreign investors, global cues and improving sentiment among other reasons were seen driving the markets today

With limited domestic triggers, investors are expected to focus on stock-specific actions and developments in the primary markets

Investors will closely monitor quarterly earnings reports alongside manufacturing, composite, and services data for October

At 6:41 AM, GIFT Nifty Futures indicated a modest increase of 53 points, reaching 25,102 levels, suggesting a tentative start for the Indian markets.

Momentum back; wish next CEO from within Cognizant: Ravi Kumar S

At 7:20 AM, GIFT Nifty futures were trading approximately 8 points higher at 25,998 against Nifty futures close, suggesting a muted opening.

At 6:32 AM, GIFT Nifty futures were trading about 38 points lower at 26,307 levels, indicating a negative opening compared to the last close of Nifty futures.

Finance Minister Nirmala Sitharaman on Friday met Nasdaq Executive Vice Chairman Edward Knight and shared key initiatives of the government and the potential investment opportunities in India. Knight led the delegation of the US-India Business Council and called upon the finance minister here. "FM Smt. @nsitharaman spoke about the key initiatives of Government of India and the potential #investment opportunities in India," the finance ministry said in a post on X. Sitharaman also interacted with a delegation from the US International Development Finance Corporation led by Deputy Chief Executive Officer Nisha Biswal. US DFC shared that India offers good opportunities and is one of their key geographies for investment, the ministry said in another post. "FM Smt. @nsitharaman shared her views on the broad-based and multi-sectoral cooperation between India and US and the opportunities for #growth and #investment in India," it said.

The improvement in adjusted Ebitda was attributed to cost optimisation efforts driven by technology and product enhancements

The Nasdaq rose more than 2% on Thursday after July the US retail sales data signalled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.

At 6:31 AM, GIFT Nifty futures surged 230 points, trading at 24,367, suggesting a strong start for Indian stocks.

At 6:50 AM, GIFT Nifty futures were down 179 points, trading at 24,187.5, indicating a negative start for Indian stocks.

Stock Market Highlights on August 7: As many as 44 out of 50 constituent stocks of the Nifty50 ended higher, with ONGC, Coal India, Adani Enterprises, and Adani Ports gaining up to 7.45 per cent