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Pre-market Update: Indian equity benchmark indices are expected to open on a cautious note on Wednesday tracking muted global sentiment. At 8:10 am, GIFT Nifty futures were trading 55.5 points higher at 25,188.5 levels, hinting at a choppy start for the market.

Across Asia, sentiment was weak after overnight losses in the US markets. Japan’s Nikkei 225 slipped 0.11 per cent, while South Korea’s Kospi was down 0.2 per cent. Overnight on Wall Street, the S&P 500 fell 0.55 per cent and the Nasdaq Composite dropped 0.95 per cent as big tech stocks retreated. The Dow Jones, however, inched up 0.2 per cent. Federal Reserve Chair Jerome Powell’s comments that the path for rate cuts “is not clear” further dampened risk appetite.

Swiggy: Board approves sale of 35,958 Series D CCPS in Rapido (Roppen Transportation Services) to Setu AIF Trust.

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Infosys: Expands long-term partnership with Sunrise, Switzerland’s second-largest telecom company, to modernise IT systems and scale up AI use.

Indian Hotel Company: To invest over ₹100 crore in its subsidiary ELEL Hotels and Investment through a rights issue.

Mainboard IPOs: Jain Resource Recycling, BMW Ventures, and Epack Prefab Technologies open for public subscription today. Anand Rathi Share & Stock Brokers, Seshaasai Technologies, Solarworld Energy Solutions and Jaro Institute of Technology Management & Research enter Day 2 of bidding. Ganesh Consumer Products and Atlanta Electricals close their issues today. VMS TMT will debut on the exchanges.

SME IPOs: Praruh Technologies, Gurunanak Agriculture India, Riddhi Display Equipments, Justo Realfintech and Systematic Industries open for subscription. Ecoline Exim, NSB BPO Solutions, Matrix Geo Solutions, True Colours, Aptus Pharma and BharatRohan Airborne Innovations enter Day 2 of bidding. Solvex Edibles debuts on the BSE SME platform; Prime Cable Industries lists on NSE SME platform.

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Senior Sub-editor at Zee Business English

shweta.shukla@India.com

Shweta Birendra Shukla is a journalist covering the stock market and corporate affairs, with prior stints at Business ...LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.