Market will open on a flat note today despite of gains in U S markets.
Wall Street benchmarks advanced on Friday after solid U.S. hiring data quelled recession fears without crushing the odds of further Federal Reserve easing.
U.S. stock futures fell, the yen edged up and the yuan slipped in early trading Monday after a report that China may be increasingly reluctant to agree to a broad trade deal with the Trump administration. The report from Bloomberg also left Japanese stocks with limited gains in the wake of a solid rally in the S&P 500 Index on Friday. Oil held its biggest weekly decline since July ahead of the trade talks, as a string of disappointing data sparks fears of an economic slowdown.
🎯 News & Impact 🎯
🎯 Container Corporation of India :
Company to contest DGFT claim on benefit under export scheme program. The company says it had claimed a benefit of Rs 1,044 crore for FY16-19, but DGFT said that claims up to Rs 861 crore are not eligible for the export benefit.
🎯 Bosch :
Company said that at its various plants belonging to Powertrain Solutions division, would continue to observe ‘no production days’ for up to 10 days per month per plant during the third quarter of the FY20.
🎯 Talwalkars Healthclubs :
Company has defaulted on payment of two NCDs and a term loan aggregating to Rs.63.54 crore.
🎯 Talwalkars Better Value Fitness :
Company has defaulted on payment of an NCD and a term loan aggregating to Rs.32.37 crore.
🎯 Zee Entertainment Enterprises : Promoter Essel Media Ventures created an encumbrance over the 10.28 crore shares, representing 10.71 percent stake in the company in favor of VTB Capital. The encumbrance was created pursuant to the loan agreement executed on September 2017. 90% of promoter's stake is pledged.
Negative for the stock.
🎯 Embassy Office Parks REIT :
Certain sponsor group members have created a pledge of 33.2 crore units, which constitute 43.02 percent of the total outstanding units of the REIT with a value of Rs 12,392 crore in favour of Deutsche Bank.
🎯 Sun Pharma Advanced Research : Company receives Orphan Drug Designation from the USFDA for Phenobarbital for the Treatment of Patients with Neonatal Seizures.
🎯 BEML :
Company bags further orders in Metro from Delhi Metro Rail Corporation valuing approximately Rs.729 crore.
🎯 Glenmark Pharma :
USFDA issues a 'Warning Letter' to the Baddi facility.
🎯 Tata Motors :
Company has won order for 300 electric buses from Ahmedabad Janmarg Lupin has launched Mycophenolate Mofetil Capsules.
🎯 Supreme Infra :
Company worked out an amicable settlement with VSSPL.
🎯 Dr Reddy's Labs :
US FDA issues EIR for company's API manufacturing plant 2 at Bollaram, Hyderabad.
🎯 Lupin :
Company’s alliance partner Concord Biotech had received an approval from U.S. FDA.
🎯 Future Retail :
IDBI Trusteeship Services created pledge of 1.1 crore shares on behalf of Aoin Investments and ICICI Venture Employee Welfare Trust on Oct. 1.
🎯 Wipro :
Company has completed the acquisition of International TechneGroup on Oct. 3.
🎯 NHPC :
Company has signed agreement for implementation of the approved resolution plan submitted by the company for takeover and resolution of Lance Teesta Hydro Power Limited, who was implementing the 500 MW project in Sikkim. NHPC has offered Rs 897.5 crore as resolution plan proceeds.
🎯 Info Edge :
Company to acquire 20.25 % stake in Greytip Software for Rs 35 crore. The target company deals with in human resource and payroll solutions. Company clarified on the news of Zomato’s fundraising that no formal proposal has been sent to the Board.
🎯 Power Grid Corporation :
Company has been declared lowest bidder for 765kV transmission project in Rajasthan for Rs 10.24 crore.
🎯 BEML :
Company received order worth Rs 729 crore from Delhi Metro Corporation.
🎯 JSW Steel :
Company has raised $400 million by allotment of notes.
🎯 Manpasand Beverages :
Porinju Veliyath promoted Equity Intelligence India acquired 6.6 lakh shares (0.58 %) at Rs 6.45 each.
🎯 JSW Energy :
Company promoter Glebe Trading released pledge of 1.15 crore shares on Sept. 30.
🎯 Adani Enterprises :
Company promoter group Gautam Adani revoked pledge of 43.8 lakh shares on Sept. 30.
🎯 Adani Ports & SEZ :
Company promoter group Gautam Adani revoked pledge of 1.1 crore shares on Sept. 30.
🎯 Future Consumer :
Company promoter Future Capital Investment created pledge of 14.65 crore shares on Oct. 1.
🎯 Future Lifestyle Fashions :
Company promoters created pledge of 1.7 crore shares on Oct. 1
🎯 Future Retail :
Company promoter Future Corporate Resources created pledge of 1.23 crore shares from Oct. 1-3.
🎯 Anant Raj :
Company promoter Amar Sarin acquired 40,000 shares on Sept. 30.
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Edited by Sharp.
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