Asian markets have opened with gains on Tuesday morning on optimism that the Coronavirus epidemic may be waning in some key epicenters.
Markets in Japan and Australia have advanced over two percent while those in South Korea are up one percent.
The S&P 500 index gained 7 % on Monday, at the highest level in almost a month while futures are seeing modest gains in early Asian trading.
Italy, France, Germany and Spain reported lesser Covid-19 cases on Monday while New York Governor Andrew Coumo said that deaths were showing indications of hitting a plateau.
🎯 News & Impact 🎯
🎯 Bajaj Finance :
The company in a media call stated that it has lost AUMs worth Rs 4,750 crore and 3.5 lakh customers in the last 10 days due to the Covid-19 lockdown.
Negative for the stock.
🎯 HDFC Bank :
Continues to see strong business momentum in the fourth quarter with its advances and deposits growing 21 and 24 percent year-on-year respectively. CASA ratio rose to 42 % from 39.5 % in the previous quarter. The lender purchased loans worth Rs 5,479 crore under the home loan agreement with HDFC as compared to Rs 4,258 crore in the December quarter.
🎯 Kotak Mahindra Bank :
The lender in its fourth quarter updated has reported a 6.7 % growth in advances. While current deposits rose 10.5 %, savings deposits were up 31.3 % compared to the year-ago period. CASA ratio rose to 56.2 % from 52.5 %.
🎯 IndusInd Bank :
The lender in its fourth quarter operational update has reported a 12.6 percent growth in advances and a 3.8 % growth in deposits compared to last year. Retail deposits were up 34.2 % while CASA ratio grew to 43.1 % compared to 40.5 percent during the same period last year.
🎯 Godrej Properties :
In its quarterly update, the company said that bookings in the fourth quarter were up 10 % year-on-year to Rs 2,380 crore.
🎯 Sobha :
The company in its March quarter update has reported a 20 % decline in new sales volume compared to last year to 9.06 lakh square feet.
🎯 Lupin :
Launches Mycophenolic Acid Delayed-Release Tablets USP in the U.S. The company's alliance partner Concord Biotech had received an approval from the U.S. FDA. Mycophenolic Acid Delayed-Release Tablets USP had annual sales of approximately $156 million in the U.S.
🎯 Cadila Healthcare :
Zydus gets USFDA approval for Lamotrigine.
🎯 Shilpa Medicare :
The subsidiary of Shilpa Medicare on April 6 has received approval from the UK health regulator for anti-cancer drug Imatinib.
🎯 Narayana Hrudayalaya :
The company has temporarily suspended the operations of hospital by Health City Cayman Islands Limited, a step-down subsidiary of Narayana Hrudayalaya.
🎯 Shipping Corporation of India :
Has entered into a contract for transferring a vessel.
🎯 Manali Petrochemical :
Production of Propylene Glycol has restarted at both plants.
🎯 Dhampur Sugar Mills :
Company started production of hand sanitisers at Asmoli unit, Sambhal.
🎯 A2Z Infra Engineering :
The company defaulted on payments of Rs 109.38 crore out of the total outstanding amount of Rs 148.38 crore as on March 31, 2020.
🎯 Century Textiles & Industries :
Local authorities have permitted the company’s pulp and paper division to operate its factories in Uttarakhand in a limited manner to cater to the requirement of essential services industries.
🎯 Nestle India :
Pledges an initial Rs 15 crore towards feeding programs for less privileged sections of the society.
🎯 Persistent Systems :
To contribute Rs 25 crore to support various aspects of global responses to Covid-19.
🎯 Graphite India :
Promoter Emerald Company acquired 1.07 lakh shares on March 27.
Positive for the stock. 👍
🎯 GMR Infra :
Promoter GMR Enterprises acquired 53 lakh shares on March 31.
Positive for the stock. 👍
🎯 Embassy Parks REIT :
Promoter Veeranna Reddy sold 1.56 crore units (2.02 %) at Rs 321.5 per unit.
Negative for the stock.
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Edited by Sharp.
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