Market will open on a flat note today after sliding to the levels of 2016.
U.S. stock futures declined in early trade across Asia while the Dollar continued to gain, showing that the recent dash for cash is showing little signs of easing.
Markets in Australia and South Korea are trading with gains while futures in Hong Kong point to a positive open. Japanese markets are shut today on account of a holiday.
U.S. Markets edged higher on Thursday as central banks along with the government pledged support for the economic shocks from the Coronavirus pandemic.
The Dow Jones ended with gains of 1 % while the NASDAQ composite gained 2.3 % in another volatile session of trade.
🎯 News & Impact 🎯
🎯 Indiabulls Housing Finance: Company clarifies that it has no loan outstanding from Yes Bank. Rana Kapoor and family had mortgaged a property to the company in November 2017 for a loan of Rs 285 crore. Additionally, the company had also taken a personal guarantee of Rana Kapoor and family, whose net worth at the time of taking the loan was over Rs 7,000 crore as per their holding in Yes Bank.
🎯 Tata Motors : Jaguar Land Rover to temporarily suspend production in U.K. Operations at plants in Brazil and India will continue.
🎯 Hero Moto : Commences commercial operations of its new manufacturing facility in Chittoor.
🎯 Bandhan Bank : Bank said that there have been some withdrawals in deposits from government entities which amounts to less than 1 percent of the total deposit base.
🎯 CreditAccess Grameen : Company has completed the acquisition of 75.64 percent stake in Madura Micro Finance.
🎯 RITES : Board has decided to close its joint venture agreement with BNV Gujarat Rail.
🎯 IndInfravit Trust : Company has completed 100 percent acquisition in eight operational road projects of Sadbhav Infra, which has an enterprise value of Rs 6,300 crore. The acquisition of one additional road project is subject to regulatory approvals.
🎯 Bank of Baroda : Bank has announced zero charges on digital transactions for 3 months.
🎯 V-Mart Retail : Company opens three new stores in Rajasthan and Uttar Pradesh.
🎯 Syngene International : Company has commenced operations at its new manufacturing facility at Mangalore.
🎯 Biocon : Company received the EIR from the US Food and Drug Administration.
🎯 Syngene : Newly setup manufacturing facility at Mangalore SEZ has commenced operations and successfully processed the first order.
🎯 Strides Pharma : Company gets USFDA nod for Triamcinolone Acetonide.
🎯 Alankit : Company proposed to acquire 14 lakh equity shares of Alankit Imaginations for Rs 47.30 per share.
🎯 ICICI Lombard Insurance : Company has launched a dedicated insurance cover for coronavirus, in group insurance mode. Positive for the stock. 👍
🎯 NCC : Company promoters acquired 2 lakh shares on March 16. Positive for the stock. 👍
🎯 JMC Projects : Company promoter Kalpataru Power Transmission acquired 72,771 shares on March 18. Positive for the stock. 👍
🎯 Hubtown : Company promoter group Khilen Shah acquired 1.60 lakh shares on March 17. Positive for the stock. 👍
🎯 Man Infra : Company promoter Parag Shah acquired 1.75 lakh shares on March 18. Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ Edited by Sharp.
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