The rally in risk assets gathered pace Wednesday with stocks across Asia climbing with bond yields amid optimism the global economy can weather the impact of the coronavirus.
U.S. stocks rallied the most since August, while Treasuries plunged as investors speculated the global economy will withstand any impact from the still-spreading coronavirus after China’s market sell-off eased. On Wall Street, the Nasdaq hit a record high on Tuesday and the S&P 500 posted its biggest one-day gain in about six months, while the Dow Jones notched its biggest single-day rise in more than five months. The Dow Jones rose 1.44 per cent, the S&P 500 gained 1.50 per cent, and the Nasdaq Composite added 2.1 per cent.
🎯 News & Impact 🎯
Major Results Today :
Cipla
🎯 Bharti Airtel (Q3, QoQ) :
Revenue up 3.9 percent to Rs 21,947 crore.
Net loss at Rs 1,035 crore versus net loss at Rs 23,045 crore.
Positive for the stock. 👍
🎯 Tata Global Beverages (Q3, YoY) :
Revenue rose 2.6 % to Rs 1,961.9 crore.
Net profit rose 21.5 % to Rs 120.6 crore.
Positive for the stock. 👍
🎯 CSB Bank (Q3, YoY) :
Net Interest Income rose 31.3 % to Rs 155.3 crore.
Net profit stood at Rs 28.1 crore.
Provisions up 31 % to Rs 35.3 crore.
🎯 Oracle Financial Services Software (Q3, QoQ) :
Revenue flat at Rs 1,160.2 crore.
Net profit rose 27.3 % to Rs 456.8 crore.
Positive for the stock. 👍
🎯 JSW Energy :
The company reported an over two-fold rise in net profit to Rs 394 crore for the December 2019 quarter.
🎯 Zee :
According to media reports, the Ministry of Corporate Affairs (MCA) has directed its western region head to inspect the books of the company.
🎯 Sun Pharma :
Company launched Absorica LD capsules in the U.S. Market, which is used for the treatment of acne.
🎯 Cadila Healthcare :
Company received zero Form 483 observations from U.S. FDA, for its Ahmedabad Plant which manufactures oncology injectables for the regulated markets.
🎯 REC :
The board approved amalgamation of company’s two arms REC Transmission Projects and REC Power Distribution.
🎯 Orissa Mineral Development :
Company said that it has received an extension of the validity period of mining lease for Iron and Manganese over an area of 1276.79 hectares.
🎯 Team Lease Services :
Company has increased its stake in IMSI from 72.7 % to 93.94 %.
🎯 IFCI :
Company said that it has completed its stake sale in National Stock Exchange and further received an amount of Rs 178.7 crore.
🎯 Hind Rectifiers :
Company secured an order of Rs 54.62 crore for the month of January.
🎯 Reliance Industries :
The company acquired a further shareholding in Saavn Media Private Limited.
🎯 SRF :
The company's board approved a project for setting up a range of dedicated plants to produce specialty chemicals at an estimated cost of Rs. 238 crore.
🎯 CCL Products :
Company promoters acquired 54,000 shares from Jan. 30-31.
Positive for the stock. 👍
🎯 KRBL :
Company promoters acquired 79,500 shares on Feb. 4.
Positive for the stock. 👍
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Edited by Sharp.
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