U.S. futures advanced and the yen slid in volatile trading after the biggest slide in Wall Street stocks since 1987. Japan’s share benchmark swung from a loss of 3 percent to a gain of as much as 1.7 percent. Australia rose, while Korea was down.
The S&P 500 Index sank 12 percent Monday, erasing its gain for 2019, after President Donald Trump warned of a possible recession, with economic disruption from the coronavirus potentially extending into summer.
🎯 News & Impact 🎯
🎯 Grasim Industries :
The Competition Commission of India imposed penalty of Rs 301.6 crore with respect to its domestic man-made fibre turnover.
🎯 Reliance Industries :
Saudi Aramco CFO says due diligence is underway for a potential deal with the company.
🎯 Sadbhav Infrastructure Project :
Company gets Rs 457.7 crore as a tranche payment in connection with a sale of seven operational projects to IndInfravit Trust. Overall the company’s infra arm has received 1291 crore units worth Rs 724.3 crore from the trust.
🎯 Lasa Supergenerics :
Company in collaboration with the Institute of Chemical Technology announced commencement for development of antiviral drugs for the treatment of Coronavirus.
🎯 CSB Bank :
Board approved a proposal to merge 19 branches of the Bank with the nearest branches of the Bank, with the intention of reducing overall costs and improving productivity.
🎯 India Cements :
Radhakishan Damani increased stake from 11.98 percent to 16 percent from February 27 to March 16.
🎯 Titagarh Wagons :
Company said that operations of its Italian arm have been severely affected and the affected arm will temporarily suspend operations for 15 days as per the guidance of the Italian government to combat the spread of the Coronavirus.
🎯 Delta Corp :
Company to close casinos operated by the company and its arms in Goa until March 31, as per Goa government directions in order to prevent the spread of the Coronavirus.
Negative for the stock.
🎯 Wockhardt :
Company promoter Themisto Trustee created pledge of 33.75 lakh shares between March 12-13.
Negative for the stock.
🎯 Adani Enterprises :
Company promoter SB Adani Family Trust created pledge of 2.73 crore shares between March 11-12.
Negative for the stock.
🎯 Fortis Malar Hospitals :
Hospital promoter Fortis Hospitals revoked pledge of 56.22 lakh shares on March 13.
Positive for the stock. 👍
🎯 Future Retail :
Company promoter Future Corporate Resources created pledge of 20 lakh shares on March 12.
Negative for the stock.
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