Japanese stocks gained after a slide in the yen, while stocks elsewhere in Asia opened with more modest gains as investors scrutinized the infection rate for the coronavirus after another methodology change in China.
U.S. equities advanced on signs that China may be planning further measures to support its economy as it reels from a virus-induced slowdown and after Federal Reserve officials signalled they aren’t anxious to raise interest rates anytime soon.
🎯 News & Impact 🎯
Dairy stocks :
Government approved a Rs 4,558-crore scheme to promote the dairy sector which will benefit about 95 lakh farmers.
🎯 GAIL :
Company clarified that it had received provisional assessment orders towards AGR dues worth Rs 1.83 lakh crore.
🎯 Reliance :
Company assessing U.S. sanctions implication on Rosneft unit and will comply with the U.S. rules in its dealings with Rosneft. The entire company’s purchase of Venezuela crude oil is reported to and permitted by the U.S. government.
🎯 NIIT :
Company to merge its two wholly-owned arms NIIT Institute of Process Excellence and NIIT Yuva Jyoti, with self.
🎯 Sterlite Technologies :
Company received orders worth Rs 1,500 crore in new order bookings from European Telecom players.
🎯 Infibeam Avenues :
Company to foray into digital payments business in the U.S.
🎯 Simplex :
Adani in talks with Simplex promoters for equity stake.
🎯 SunTech Realty :
The company informed that it received encouraging response for Sunteck MaxXWorld at Naigaon as number of units sold reached a mark of more than 1800 apartments.
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Edited by Sharp.
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