Asian equity markets have begun Wednesday’s trading session on a mixed note. Futures in the U.S. have edged lower after benchmarks surged to a one-month high on Tuesday.
Technology stocks pushed the Nasdaq composite through its 50, 100 and 200-day moving average on Tuesday.
U.S. President Donald Trump has said that he will make some ‘important announcements’ over the next few days regarding state guidelines on reopening the U.S. economy.
🎯 News & Impact 🎯
🎯 News & Impact 🎯
🎯 Hindalco :
Completes acquisition of Aleris at an Enterprise Value of $2.8 billion.
🎯 Zee Entertainment :
The company in a conference call stated that the acquisition of Sugarbox will help its digital initiative Zee-5.
🎯 Diagnostic Companies :
Metropolis, Thyrocare and Dr Lal Pathlabs - Bloomberg reports that the Supreme Court has allowed private labs to charge a fee to conduct Covid-19 tests.
Positive for the stocks. 👍
🎯 JSW Steel :
Moody's reviews the rating for a downgrade.
Negative for the stock.
🎯 Hero MotoCorp :
Operations to remain suspended till May 3.
🎯 Maruti Suzuki :
Suzuki Motor Gujarat extends production suspension till further notice.
🎯 Dr Reddy's Laboratories :
Launches Amphetamine Sulfate Tablets USP and a generic version of NitroDur in the U.S. Market.
Positive for the stock. 👍
🎯 Biocon :
The company along with Mylan has launched Fulphila, a biosimilar to Neulasta in Australia. The drug is approved by the Therapeutic Goods Administration for the treatment of cancer patients post Chemotherapy.
Positive for the stock. 👍
🎯 UPL :
The company in a press release has stated that all factories around the world remain in operation following enhanced internal safety guidelines.
🎯 IRCTC :
The Ministry of Railways says that the cancellation of passenger train services has been extended to May 3.
🎯 Mishra Dhatu Nigam (MIDHANI) :
The company shared its FY20 update where variation order proposal rose 21 percent to Rs 985 crore while sales turnover remained flat at Rs 711.37 crore.
Positive for the stock.
🎯 Aviation Stocks :
Interglobe Aviation and SpiceJet will be in focus after the government banned all domestic and international flights until May 3.
🎯 Trident :
The company said that it will start manufacturing medical textiles like face masks, hazmat suits and medical stationery.
🎯 Galaxy Surfactants :
The company stated that a blast took place in a small intermediate feed tank at its M-3 plant in Tarapur on April 13 leading to two fatalities and three injuries.
🎯 Dalmia Bharat :
Starts manufacturing hand sanitisers at its distillery units in Uttar Pradesh and Maharashtra.
🎯 Asahi Songwon :
Resumes operations at manufacturing plants from April 13.
🎯 Vardhman Textiles : Starts partial operations at its spinning units in Punjab, Himachal Pradesh and Madhya Pradesh.
🎯 DFM Foods :
Resumes partial operations at Uttar Pradesh plants.
🎯 Welspun Corp :
Has partially started operations at its Anjar plant. It has also resumed coating operations at its Saudi Arabia unit.
🎯 JSW Energy :
Promoters revoked pledge of 30 lakh shares on April 9.
Positive for the stock. 👍
🎯 Zee Learn :
Promoters invoked pledge of 1.6 crore shares between April 8-9.
Positive for the stock. 👍
🎯 Ashok Leyland: Promoter Hinduja Automotive created pledge of 2.42 crore share on April 7.
Negative for the stock.
🎯 Sun Pharma :
Promoter Raksha Valia released pledge of 36.5 lakh shares between April 7-9.
Positive for the stock. 👍
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