01/12/2020
Market will open on a flat note today after a weekend and an attached holiday.
Futures on the Dow Jones are currently trading higher by 110 points. The index ended 0.9% lower on Monday.
World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic.
The Dow Jones Industrial Average fell 271.73 points, or 0.91%, to 29,638.64, the S&P 500 lost 16.72 points, or 0.46%, to 3,621.63 and the Nasdaq Composite dropped 7.11 points, or 0.06%, to 12,198.74.
India's July-September quarter GDP prints came out better-than-expected, reaffirming that the signs of improvement in the economy were real.
India October eight core industries growth at -2.5%
🎯 News & Impact 🎯
🎯 Dr Reddy's Laboratories : To acquire select anti-allergy brands from Glenmark in Russia, Ukraine, Kazakhstan and Uzbekistan.
🎯 Indiabulls Housing Finance : Sold further portion of its stake in OakNorth Bank Plc worth Rs 93 crore.
🎯 TVS Motor : To acquire 100% stake in advanced fleet management solutions provider Intellicar Telematics for a cash consideration of Rs 15 crore.
🎯 HCC : Hindustan Construction Company, in a Joint Venture with Vensar Constructions has been awarded two separate contracts worth Rs 236 crore from the North East Frontier Railway. HCC's share in the JV stands at 55%.
🎯 India Grid Trust : Signs share purchase agreement to acquire 74% stake in Parbati Koldam Transmission from Reliance Infrastructure.
🎯 Unichem Labs : Company received USFDA approval for Atenolol & Chlorthalidone tablets used to treat hypertension, lower blood pressure.
🎯 Glenmark Pharma : Company to divest select anti-allergy brands to Dr Reddy’s in Russia and Ukraine.
🎯 Gufic Biosciences : Granted patent by the Eurasian patent office for invention of a 'freeze dried parenteral composition of tigecycline and process for preparation thereof. Tigecycline is a tetracycline antibiotic medication used for a number of bacterial infections and is used to treat certain serious infections including community acquired pneumonia.
🎯 Reliance Capital : Company has defaulted on interest payment on term loans of HDFC Ltd and Axis Bank as on October 31, 2020.
🎯 SRF : The company's resin plant, set-up in Thailand by its wholly-owned subsidiary has been commissioned and capitalised at a cost of $19 million.
🎯 Premier Explosives : Wins contract worth Rs 14 crore from Ministry of Defence for supply of 26 mm Chaffs.
🎯 Finolex Cables : Makes an addition to its portfolio with the launch of anti-bacteria fans.
🎯 Warren Tea : Company disposed of one of its real estate property Suvira House in Kolkata.
🎯 Max Financial Services : IRDAI approves transfer of 39 crore equity shares constituting 20.57% of the paid-up equity share capital of Max Life Insurance Company Limited held by Mitsui Sumitomo Insurance Company Limited to Max Financial Services Limited in exchange for issuance of 7.54 crore equity shares of the parent of Rs 2 each at a price of Rs 565.11 on a preferential allotment basis, constituting 21.87% of issued and paid-up share capital.
🎯 OMDC : Gets order from the Steel & Mines department of the Government of Odisha, allowing the company to dispose stock from its Bhadrasahi Iron & Manganese mining lease over 998.7 hectares.
🎯 ICICI Lombard : Gets in-principle approval to scheme of amalgamation with Bharti Axa for its general insurance business.
🎯 Healthcare Global : Enters into a share purchase agreement with Dr. Kamini Rao and her family members to acquire 49%stake in BACC Health Care, making it the wholly-owned subsidiary of the company.
🎯 VA Tech Wabag : Incorporates new subsidiary 'Kopri Bio Engineering Pvt. Ltd.' to carry out the business of manufacturing, processing, owning, operating and maintaining seqage treatment plant among other businesses.
🎯 Bombay Rayon Fashions : Company entered into a business transfer agreement with subsidiary BRFL Textiles for slump sale of its Tarapur Undertaking.
🎯 Vipul : Company entered into an agreement to disinvest its 49 percent stake in subsidiary Vipul Lavanya Developers.
🎯 Arvind : Promoters sold 4.26 lakh shares between November 26-27.
Negative for the stock.
🎯 Ajmera Realty : Promoter ARIIL Trust acquired 6.33 lakh shares on November 26.
Positive for the stock. 👍🏻
🎯 Filatex India : Promoter Vrinda Bhageria acquired 7 lakh shares on November 24.
Positive for the stock. 👍🏻
🎯 JTL Infra : Promoter entity Jagan Industries sold 4.01 % stake in company via open market transaction.
Negative for the stock.
🎯 Mangalore Chemicals & Fertilizers : Promoter Zuari Global bought 2 lakh shares between November 24-25.
Positive for the stock. 👍🏻
🎯 Ashapura Minechem : Promoter Ashapura Industrial Finance acquired 50,000 shares on November 25.
Positive for the stock. 👍🏻
🎯 Surya Roshni : Promoter Surya Roshni Employees Welfare Trust acquired 21,000 shares between November 23-24.
Positive for the stock. 👍🏻
🎯 UPL : Promoter Uniphos Enterprises acquired 47,100 shares between November 24-25.
Positive for the stock. 👍🏻
🎯 Action Construction Equipment : Promoter Vijay Agarwal acquired 38,500 shares between November 23-25.
Positive for the stock. 👍🏻
🎯 Tata Steel Long Products : Promoter Tata Steel sold 82,000 shares on November 26.
🎯 JSW Steel : Promoter JSW Techno Projects Management created a pledge of 1.06 crore shares on November 24.
Negative for the stock.
🎯 Motherson Sumi : Promoter Samvardhana Motherson International revoked pledge of 2.45 crore shares on November 24.
Positive for the stock. 👍🏻
🎯 Adani Ports & SEZ : Promoters Gautam Adani and Rajesh Adani created a pledge of 31.34 lakh shares on November 26.
Negative for the stock.
🎯 JSW Energy : Promoters JSW Investments and Indusglobe Multiventures created a pledge of 1.55 crore shares on November 24.
Negative for the stock.
🎯 Future Retail : Promoter Future Corporate Resources invoked a pledge of 2.94 crore shares on November 24.
Positive for the stock. 👍🏻
🎯 Solara Active Pharma Sciences : Promoter Pronomz Ventures invoked a pledge of 3.57 lakh shares on November 24.
Positive for the stock.
Edited by Sharp.
Market will open on a flat note today after a weekend and an attached holiday. Futures on the Dow Jones are currently trading higher by 110 ...
