Global stocks hit a record high for the first time since early 2018 and bond yields climbed after news that President Donald Trump signed off on a trade deal with China averting tariffs set for Sunday.
The S&P 500 rallied following a Bloomberg report that American officials had reached a deal in principle that only needed Trump’s approval. Shortly after U.S. markets closed, news broke that the president had signed off on the agreement to avert tariffs set for Dec. 15.
The pound jumped by the most since 2017 on signs Boris Johnson’s Conservative Party was on course to secure a strong majority in the U.K. election, raising hopes of an end to the Brexit deadlock.
October IIP contracts 3.8 % whereas Retail inflation rose significantly to over three-year high of 5.54 % in November.
🎯 News & Impact 🎯
🎯 Tata Motors :
Tata Sons increased their stake in the company to 39.52 % from 35.3 %. Total promoter stake in the company increased to 42.39 % from 38.37 %.
Positive for the stock. 👍
🎯 Navin Fluorine :
Company is planning a capex programme at Dahej with an outlay of over Rs 450 crore over the next three to four years.
🎯 Biocon :
Biocon & Equillium Inc. expand exclusive licensing agreement for Itolizumab to include Australia and New Zealand.
🎯 Allcargo Logistics :
Company has signed pact for slump sale of some assets for a consideration of Rs 108 crore.
🎯 Inox Leisure :
Company has commenced commercial operations of a theatre in Gorakhpur.
🎯 Infosys :
Company’s arm EdgeVerve and Idego announced their partnership to deliver digital solutions across Latin America.
🎯 Wipro :
Company received multi-year contract from Olympus.
🎯 TCS :
South African Depository Consolidates All Operations on to TCS BaNCSTM for Market Infrastructure.
🎯 Persistent Systems :
Company announces new leadership for unified Salesforce practice in Europe.
🎯 Hero MotoCorp :
The company is set to launch 10-11 BS-VI products by the middle of February.
🎯 SpiceJet :
Company's November market share stood at 16.1 % against 16.3 % (MoM).
🎯 India Tourism Development :
Company board accorded inprincipal approval regarding merger with ITDC of Kumarakruppa Frontier Hotels Private Limited, a Government Company.,
🎯 Electrosteel Castings :
Company promoter Electrocast Sales acquired 2.5 lakh shares from Dec. 9-10.
Positive for the stock. 👍
🎯 Harrisons Malayalam :
Company promoter Vaayu Udaan Aircraft acquired 1 lakh shares from Dec. 9-10.
Positive for the stock. 👍
🎯 Dr. Pathlabs :
Company promoter & director Vandana Lal sold 88,000 shares from Dec. 9-10.
Negative for the stock.
🎯 Aviation stocks :
Domestic air passenger traffic rises close to 4% in November.
Positive for the sector. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment