U.S. equity futures tumbled at the start of another volatile week as investors responded to a rapidly escalating economic hit from the coronavirus and a massive emergency move by the Federal Reserve to ease policy.
Futures on the S&P 500 Index fell about 5 percent, hitting limits on trading after stocks climbed more than 9 percent on Wall Street Friday -- recouping most of their 10 % plunge the previous day.
The yen soared after the Fed cut its key interest rate by a full percentage point to near zero and said it will boost its bond holdings by $700 billion.
Australian equities were about 5% lower, while the Reserve Bank of Australia said it stands ready to buy bonds, sending yields tumbling.
🎯 News & Impact 🎯
New Listing :
SBI Cards and Payment Services
🎯 Yesbank :
Yes Bank reported a loss of Rs 18,564 crore in December quarter, gross NPAs shot up to 18.87 percent versus 2.10 percent, YoY.
Cabinet approved the reconstruction scheme by RBI. SBI will invest for a 49 percent stake in the Bank, with a three-year lock-in period. Authorized capital increased from Rs 1,100 crore to Rs 6,200 crore. Lock in for SBI will be 26 % and for other investors, lock-in will be 75 % of the investment.
ICICI Bank : To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.
HDFC : To invest Rs 1,000 crore by purchasing 100 crore shares at a price of Rs 10 per share. Its shareholding will be in excess of 5 percent.
Axis Bank : To invest Rs 600 crore by purchasing 60 crore shares at a price of Rs 10 per share.
Kotak Mahindra Bank : To invest Rs 500 crore by purchasing 50 crore shares at a price of Rs 10 per share.
Federal Bank : To invest Rs 300 crore by purchasing 30 crore shares at a price of Rs 10 per share.
🎯 Fertilizer stocks :
Government to provide additional Rs 350 per metric tonne as fixed costs to 30 urea units. Certain units, which are old but still producing urea, to get an additional Rs 500 per metric tonne as a fixed cost.
🎯 Transformers and Rectifiers :
Gets order for the supply of transformers worth Rs 130 crore from Power Grid Corporation.
🎯 Wipro :
Company announces a global strategic partnership with Plexis Healthcare to provide digital solutions in the healthcare industry.
🎯 RITES :
Company secured consulting orders of Rs 60 crore from the Government of Kerala.
🎯 Ind-Swift Laboratories :
Company received Form 483 with zero observations from the U.S. FDA for its API facility in Punjab.
🎯 PVR :
Company opens four new screens in Indore.
🎯 Infosys :
Company completes the acquisition of Simplus - a leading salesforce consulting and platinum partner.
🎯 Wipro :
Company and PLEXIS Healthcare Systems ink global strategic partnership to accelerate digital transformation for healthcare payers.
🎯 UFO Moviez :
Company promoter Apollo International created pledge of 12 lakh shares on March 12.
Negative for the stock.
🎯 Delta Corp :
Company promoter Aarti Pandit created pledge of 35 lakh shares between March 12-13.
Negative for the stock.
🎯 Gati :
Company promoter Mahendra Investments created pledge of 2.86 lakh shares on March 9.
Negative for the stock.
🎯 Sun Pharma Advanced Research :
Company promoter Raksha Valia revoked pledge of 31 lakh shares on March 11.
Positive for the stock. 👍
🎯 Alembic Pharma :
USFDA issued a Form 483 with four procedural observations.
🎯 Zota Health Care :
Company received patent certificate for an invention entitled "A Synergistic Oral Pharmaceutical composition for effective treatment of Liver diseases" from the Government of lndia, the Patent Office.
🎯 JSW Energy :
Company promoters created pledge of 3.75 crore shares between March 9-11.
Negative for the stock.
🎯 Future Retail :
Company promoter Future Corporate Resource created pledge of 37.56 lakh shares on March 11.
Negative for the stock.
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment