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#STREETGAINS #MARKETSVIEW #03SEPTEMBER2024
September 03, 2024
INDIAN MARKETS:
On September 02, At the close, the Sensex increased by 194.07 points or 0.24%
to 82,559.84, while the Nifty rose by 42.80 points or 0.17% to 25,278.70.
US MARKETS:
The US markets were shut on Monday on account of Labor Day
ASIAN MARKETS:
The Topix rose by 0.78%, and the Nikkei increased by 0.54%. Meanwhile, Taiwan's index declined by 0.14%, and the Kospi edged up by 0.09%.
OIL & GAS UPDATES:
US West Texas increased by 0.57%, while Brent Crude decreased by 0.32%.
KEY STOCKS TO WATCH:
Adani Green Energy: The board has approved a $444 million investment from TotalEnergies to form a 50:50 joint venture with Adani Green Energy, which will manage a 1,150 MWac portfolio.
Hindustan Aeronautics: The government has approved the procurement of 240 aero-engines for the Su-30MKI aircraft from the company at a cost of over Rs 26,000 crore.
Gensol Engineering: Gensol and Matrix Gas & Renewables won the bid for a Rs 164 crore bio-hydrogen project that will convert 25 tons of bio-waste into 1 ton of hydrogen per day.
Lemon Tree Hotels: The company has signed a deal for an 80-room hotel in Gir, Gujarat, managed by its subsidiary Carnation Hotels, set to open in FY30.
Welspun Corp: The board approved a $100 million investment in its US subsidiary for upgrading pipe manufacturing and coating capabilities.
Hindustan Composites: The company will acquire 1.5 lakh equity shares of Swiggy by investing Rs 5.175 crore.
Indian Energy Exchange: The company's subsidiary, ICX, has entered into an agreement with international partners to issue Renewable Energy Certificates in India.
FII/DII DATA:
1. FIIs net BOUGHT Rs 1,735.46 crore worth shares on 02 September.
2. DIIs net BOUGHT Rs 356 crore worth shares on 02 September.