U.S. stock futures retraced a slice of Tuesday’s sharp decline, and the yen dipped as investors took in early Super Tuesday election results in the U.S. alongside the Federal Reserve’s emergency interest-rate cut.
Asian stocks were mixed, with Japan and Hong Kong flat, Korea up, and China and Australia down.
π― News & Impact π―
π― Hindustan Aeronautics :
Company said that it has received notice from International Court of Arbitration on request for arbitration from RUAG Aerospace Services GMBH.
π― Raymond :
Company received sanction from NCLT Mumbai for the reorganization and consolidation of its FMCG Business and appointed date for the scheme has been fixed as Dec. 1, 2018. New consolidated entity Ray Universal Trading will be converted into a public company and renamed as Raymond Consumer Care.
π― Newgen Software Technologies :
Company received a patent for Mark Detection System and Methodology from the U.S. Patent Office.
π― GTPL Hathway :
Promoter Jio Content Distribution Holdings reduced stake from 4.48 percent to 0.64 percent in the company on Feb. 28 via offer for sale.
π― Monnet and Ispat Energy :
Company said that integrated operations at its Raigarh Plant have restarted with effect from March 2.
π― Reliance Capital :
Axis Capital Trustee Services increased stake via share pledge from 16.5 percent to 21.42 percent on Feb. 26.
π― HFCL :
Received purchase order worth Rs 196 crore from L&T for supply of optical fibre cables for construction of Telangana Fiber Grid.
π― Tech Mahindra :
To sell its Netherland based subsidiary – Terra Payment Services (Netherland) BV – for an upfront payment of $9 million and a bonus payout of $13.8 million subject to certain conditions.
π― Sun Pharma :
Company promoter Shanghvi Finance acquired 19.8 lakh shares on March 3.
Positive for the stock. π
π― Filatex India :
Company promoter Gunjan Bhageria acquired 1.5 lakh shares on Feb. 28.
Positive for the stock. π
π― LT Foods :
Company promoter Raghuvesh Holdings acquired 1 lakh shares on March 2.
Positive for the stock. π
π― V2 Retail :
promoter V2 Conglomerate acquired 53,000 shares on Feb. 28.
Positive for the stock. π
π― Bajaj Auto :
Company promoter Jamnalal Sons acquired 1.07 lakh shares on March 2.
Positive for the stock. π
π― IDFC First Bank :
Company promoter IDFC Financial Holding acquired 80 lakh shares on March 2.
Positive for the stock. π
π― Adani Green Energy :
Company promoter Adani Trading Services created pledge of 1.8cr shares from Feb. 26-28.
Negative for the stock.
π― JSW Steel :
Company promoter Sahyog Holdings created pledge of 11.2 lakh shares on Feb. 26.
Negative for the stock.
π― DB Corp :
Company promoter DB Consolidated created pledge of 26 lakh shares on Feb. 28.
Negative for the stock.
π― Future Consumer :
Company promoter Future Consumer Enterprises Employees Welfare Trust created pledge of 1.1cr shares on Feb. 29.
Negative for the stock.
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