The global slide in equity markets showed no signs of easing Friday, with Hong Kong, Japan and Australia all losing more than 2 percent amid fears about the coronavirus.
Global shares are on course for the worst week since the 2008 crisis, down more than 10 percent from this month’s peak.
The S&P 500 tumbled 4.4 % to close at the lowest levels of the day. The decline of more than 10 percent since last Friday has the benchmark on pace for its worse week since the 2008 global financial crisis and helped push the index into what is known as a correction.
🎯 News & Impact 🎯
India to release GDP data for the quarter ended December, GDP estimate for FY20 and fiscal deficit for April-January.
🎯 Bank of Baroda :
Company sold its entire 4.9 % stake in Petronet MHB Ltd. for Rs 52.56 crore.
🎯 HPCL and ONGC :
Companies will acquire 17.3 % stake in Petronet MHB Ltd. for Rs 185.38 crore. After the acquisition, the companies will hold a 50 % stake in Petronet MHB Ltd.
🎯 Lemon Tree Hotels :
Company announced its debut in Bhutan, with the launch of Lemon Tree Hotel, Thimphu.
🎯 Pidilite Industries :
Company will acquire a 70 % stake in Tenax India Stone Products Pvt. Ltd. (Tenax India) for Rs 80 crore. Tenax Italy (parent) is the leading manufacturer of adhesives, coating, surface treatment chemicals and abrasives for the marble, granite and stone Industry.
🎯 Mahindra Lifespace Developers :
Company will acquire land parcel in Pune for development of a residential project.
🎯 Godrej Industries :
Company promoter Anamudi Real Estates LLP bought 1.2 lakh shares from Feb. 24 -25.
Positive for the stock.
🎯 L.G.balakrishnan & bros :
Company promoter V.Rajvirdhan sold 20,000 shares on Feb. 26.
Negative for the stock.
🎯 Zensar Technologies :
Company promoter Instant Holdings Limited bought 25,908 shares on Feb. 24.
Positive for the stock. 👍
🎯 Ultramarine & Pigments :
Company promoter Sridhar Sundarrajan sold 5,473 shares on Feb. 26.
Negative for the stock.
🎯 Som Distillieries & Breweries :
Company promoter Som Distilleries Private Limited bought 2000 shares on Feb. 26.
Positive for the stock. 👍
🎯 ADF Foods :
Company promoters acquired 2,400 shares on Feb. 26.
Positive for the stock. 👍
🎯 Aarti Drugs :
Company promoter Jay Manilal Savla (Momi's Trust) sold 500 shares on Feb. 24.
Negative for the stock.
🎯 Bajaj Finserv :
Company promoter Kumud Bajaj bought 38,300 shares from Feb. 25 – 26.
Positive for the stock. 👍
🎯 Astec Lifesciences Limited :
Company promoter Godrej Agrovet Limited bought 7424 shares from Feb. 20 – 24.
Positive for the stock. 👍
🎯 Just Dial :
Company promoter Anita Mani bought 50,000 shares on Feb. 25.
Positive for the stock. 👍
Edited by Sharp.
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