Thursday, 26 March 2020

27th March, Morning Brief 2020

Market will continue yesterday's rally to open higher with a gap today.

RBI Governor to address at 10 am which may keep market volatile. 

Asian markets are edging higher on Friday morning after a third straight day of gains on Wall Street. Investors were encouraged by the passing of the $2 trillion stimulus package in the Congress.

Markets in Japan and South Korea are advancing over 3 % while Australian markets are up 2 %. 

The Dow Jones saw its biggest three-day advance in nine decades on Thursday.

U.S. jobless claims surged to a record 3.28 million last week as businesses shut down to prevent the spread of the Coronavirus. 
The U.S. has surpassed Italy in terms of the total Coronavirus cases and is poised to overtake China as well.

🎯 News & Impact 🎯

Enters F&O Segment From Today : 
Godrej Properties

🎯 Balrampur Chini Mills 
ICICI Bank invests Rs 51 crore in the company’s NBFC arm-Auxilo Finserve for 9.9 percent stake.

🎯 L&T Infotech
The company’s arm Syncordis bagged a new deal for digital banking solutions from Standard Chartered Bank.

🎯 Maharashtra Seamless
Company has acquired an offshore drilling rig from the company’s Singapore associate company - Star Drilling for $100 million. The acquired rig is currently operating under contract with ONGC.

🎯 Indiabulls Housing Finance 
Promoter Sameer Gehlaut acquired 23 lakh shares (0.54 %) at Rs 96.56 per share.

🎯 Apollo Pipes 
Promoter Saket Agrawal sold 1.3 lakh shares (0.99 %) at Rs 250 per share.

🎯 Apollo Tricoat Tubes 
Promoter Shri Lakshmi Metal Udyog acquired 1.58 lakh shares (0.52 %) at Rs 300.32 per share.

🎯 Godrej Industries 
Promoter Anamudi Real Estates acquired 4 lakh shares between March 23-25.

🎯 Adani Ports & SEZ 
Promoter Flourishing Trade acquired 35.61 lakh shares on March 25. 

🎯 JSW Steel 
Promoter JTPM Metal Traders acquired 20.7 lakh shares between March 23-24. 

🎯 Great Eastern Shipping 
Promoter Ravi Seth acquired 1.32 lakh shares between March 23-24.

🎯 Jamna Auto
Promoter Map Auto acquired 54,550 shares between March 24-25.

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