Asian indices edged higher in Tuesday's trading session along with stock futures in the U.S. Equities across the globe are trying to stage a rebound after falling to their lowest level since 2016. Markets on Wall Street ended mixed despite a late session surge. Lawmakers failed to agree on a stimulus package. Trading volumes remained above average.
The S&P 500 registered its lowest close during the Presidency of Donald Trump. The index is now down 35 percent from its record high on February 19. The Dow Jones Industrial Average has lost almost all its gains since Donald Trump was elected President in November 2016. The U.S. Federal Reserve said that it will buy an unlimited amount of bonds to keep borrowing costs low and will set up programs to ensure credit flow to corporations, state and local governments.
🎯 News & Impact 🎯
🎯 Hindustan Unilever :
Signed an agreement with Glenmark Pharma to acquire intimate hygiene brand VWash.
🎯 NBFC Stocks :
RBI to classify loans to NBFCs for on-lending purposes as priority sector lending. The banks are to classify loans to be extended to NBFCs in FY21 under the priority sector category.
🎯 Gujarat Narmada Valley Fertilizers and Chemicals :
TDI-II plant at Dahej has resumed its normal production after the completion of scheduled maintenance.
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