Asian stocks fell after renewed concern about an interim U.S.-China trade deal curbed sentiment.
U.S. stocks fell as weak manufacturing data and renewed concern on trade rattled markets adjusting to the Federal Reserve’s signal that it’s done easing.
The output of core infrastructure industries shrank by 5.2 % in September 2019 as seven of eight sectors witnessed negative growth, according to official data released on October 31. The eight-core sectors had expanded by 4.3 % in September 2018.
India's fiscal deficit reached nearly 93 % of the budget estimate at Rs 6.52 lakh crore at the end of September in the current financial year.
🎯 News & Impact 🎯
Major Results Today :
Dr Reddy, Yesbank
Results Updates :
🎯 Blue Dart Express (Q2, YoY) :
Revenue flat at Rs 802.2 crore versus Rs 800.2 crore.
Net profit fell 35.1 % to Rs 14.6 crore.
S&P has placed to company on Watch Negative on adverse Supreme Court Ruling.
🎯 Indian Oil Corporation :
Company will undertake partial shutdown of Guwahati, Bongaigaon refineries in January and February.
🎯 SRF :
Company has commissioned and capitalised a facility to produce agrochemical intermediates at Rs 166 crore.
🎯 Sanofi India :
Company will lower the price of Rifapentine, a critically important drug used to prevent Tuberculosis, as a part of its agreement with Unitaid, the Global Fund to Fight AIDS, Tuberculosis and Malaria.
🎯 HCL Technologies :
Company has launched a dedicated Google Cloud Business Unit to accelerate enterprise cloud adoption.
🎯 Bajaj Auto and TVS Motors :
Company have amicably settled a decade old patent dispute. Both the companies have mutually agreed to withdraw the pending proceeding release each other from all liabilities and actions.
🎯 Ahluwalia Contracts :
Company received three construction orders worth Rs 521.7 crore. Total order inflow during 2019-20 stands at Rs 1,449.3 crore.
Positive for the stock. 👍
🎯 GTPL Hathway :
Acacia Partners increased their stake to 5.89 % from 3.97 % in the company.
🎯 Prakash Industries :
Company has expanded the installed capacity in its Steel Melting Shop by commissioning of 4 new energy efficient Induction Furnaces. The enhanced capacity now stands at 1.176 million tons per annum.
🎯 DLF :
Company makes payment of interest for NCDs worth Rs.345 crore.
🎯 Allahabad Bank :
Company cuts interest rate of products linked to RBI Repo Rate to 5.15%.
🎯 Dilip Buildcon :
Company declared L-1 bidder for the project worth Rs 570 crore by the Airport Authority of India.
🎯 Aarti Drugs :
Company incorporates marketing subsidiary namely "Pinnacle Chile SpA" in Chile.
🎯 Aster DM Healthcare :
Company to acquire 80 % stake in Dubai’s Premium Healthcare for AED 9 Million or Rs 17.4 crore approximately.
🎯 Jai Prakash Power Ventures :
The board approved conversion of part of outstanding loans of Canara Bank amounting to Rs 12.02 crore and outstanding loans of Corporation Bank worth Rs 22.5 crore into compulsory redeemable preference shares, respectively.
🎯 Shree Renuka Sugars :
Board will consider merger of its arm Gokak Sugars with self on Nov. 10.
🎯 Quick Heal Technologies :
Company to make a strategic investment of $300,00 in Israel’s based cybersecurity startup L7 Defense.
🎯 Mindtree :
Company promoter Kamran Ozair sold 1,25,000 shares on Oct. 27.
Negative for the stock.
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Edited by Sharp.
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