Market will open on a flat note today after yesterday's holiday.
Asian stocks declined after a fall in U.S. equities following disappointing American data that increased concerns about a global slowdown.
The S&P 500 on Wednesday suffered its first back-to-back drops of more than 1 % this year as private payrolls fell short of estimates a day after a manufacturing gauge slumped to the lowest in a decade. The jump in investor expectations for a Fed rate cut came after soft economic data raised fears that a recession may be on the horizon. Recent data showed the U.S. economy created fewer-than-expected private jobs last month, while a key gauge of U.S. manufacturing showed the worst reading since 2009.
🎯 News & Impact 🎯
🎯 Yes Bank :
Bank that the steep fall in its stock price on Tuesday was owing to the forced sale of 10 crore equity shares, or 3.92 % of the bank’s share capital, triggered by an invocation of pledge on the equity shares of a large stakeholder, Kapoor.
🎯 Mahindra & Mahindra :
Partnered with Ford Motor Company Inc. to develop, market and distribute vehicles in India and other high-growth emerging markets around the world.
🎯 Prestige Estates Projects :
Company's arm will jointly invest with DB Realty Group to build Hotel and Convention Centre in Delhi’s Aerocity.
🎯 Power Grid Corporation :
Board gave approval for investment for transmission towers at a cost of Rs.94.2 crore and in-principle approval for asset monetization through Infrastructure Investment Trust.
🎯 CG Power & Industrial Solutions: The Securities Appellate Tribunal has rejected an appeal filed by Gautam Thapar, Avantha Holdings and former officials of the company against an order by the market regulator that barred them from accessing the capital markets.
🎯 Talkwalkars Better Value Fitness : Edelweiss Group acquired a 5.55 % stake in the company by way encumbrances against dues on Sept. 27.
🎯 Metropolis Healthcare :
Company acquired four laboratories for providing diagnostic and pathological testing services in Surat for Rs 18 crore.
🎯 GMR Infra :
The Competition Commission of India approved acquisition of shares of GMR Airports by entities of Tata Group, GIC and SSG Capital, subject to compliance of certain modifications.
🎯 Wipro :
Company will absorb certain employees of Vara Infotech along with its existing contracts.
🎯 Religare Enterprises :
Company entered into a consent agreement with Axis Bank where it will pay Rs 170 crore to the Bank in a phased manner.
🎯 Biocon :
Biocon and Mylan launch first Insulin Glargine Biosimilar, Semglee, in Australia.
🎯 Phoenix Mills :
Company promoter Atul Ashokkumar Ruia reduced stake from 62.75 percent to 59.16 percent in the company on Sept. 30.
🎯 Prestige Estates :
Company and DB Group will invest Rs 2,000 crore for a project in Delhi.
🎯 Infibeam Avenues :
Company said on the allotment of 21.45 lakh convertible warrants to TV18 Broadcast, that the holder has not exercised the exercise option, thus the company which received 25 percent of the warrant subscription amount stands forfeited.
🎯 HDIL :
The Ministry of Corporate Affairs is probing books of accounts of the company after its loans brought Punjab and Maharashtra Co-operative Bank down.
🎯 TCS :
Jurassic Fibre partnered with the company to launch Ultrafast Broadband in South West England.
🎯 Info-Edge :
Company invested Rs.6 crore in its wholly owned arm Happily Unmarried.
🎯 Dishman Carbogen Amcis :
Company to acquire 100 % stake in Dishman Biotech for Rs 6 crore.
🎯 Zee Media Corporation :
Acacia Group increased their stake from 6.81 % to 7.66 % in the company.
🎯 Infosys :
SAP and Infosys collaborate to accelerate enterprise digital transformation for clients.
🎯 Dr Lal PathLabs :
Company acquired 70 % stake in Amins Pathology Referral Laboratory for Rs 5.25 crore.
🎯 Aster DM :
Company acquired additional 4.98 % stake in Sri Sainatha Multispeciality Hospital Private Limited.
September Auto Sales
🎯 Tata Motors September domestic sales fell 50 percent at 32,376 units versus 64,598 units. Total commercial vehicles sales was down 45.4 percent at 28,079 units versus 51,419 units. Total passenger vehicles sales was down 56 percent at 8,097 Units versus 18,429 units.
🎯 Eicher Motors September motorcycles sales fell 17 percent at 59500 units versus 71662 units. Exports were up 2.9 times at 4642 units versus 1597 units.
🎯 Hero MotoCorp September two-wheeler sales down 20 percent at 6,12,204 units versus 7,69,138 units.
🎯 TVS Motor September sales fell 25 percent at 3,15,912 units versus 4,23,939 units.
🎯 Yes Bank :
Bank promoter Yes Capital sold 5.52 crore shares from Sept. 26-27.
🎯 Anant Raj :
Company promoter Amar Sarin acquired 3.4 lakh shares from Sept. 26-27.
🎯 Filatex India :
Company promoter Nouvelle Securities acquired 2.5 lakh shares on Sept. 30.
🎯 NIIT Tech :
Company promoter Hulst BV sold 87,000 shares from Sept. 27-30.
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Edited by Sharp.
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