The S&P 500 closed nominally higher on Thursday as investors weighed a resurgence in coronavirus infections and the possibility of a new round of shutdowns as well as data that suggested the US economy might not bounce back with quick, V-shaped recovery.
The Dow Jones Industrial Average fell 39.51 points, or 0.15%, to 26,080.1, the S&P 500 gained 1.85 points, or 0.06%, to 3,115.34 and the Nasdaq Composite added 32.52 points, or 0.33%, to 9,943.05.
🎯 News & Impact 🎯
Results Today : PNB, LIC Housing Finance, Cadila Healthcare
🎯 IRB Infra Q4FY20 : Revenue down 18.7% to Rs 1,584.5 crore Net profit down 25.3% to Rs 154.8 crore Ebitda down 13.8% to Rs 655 crore Ebitda margin at 41.3% from 39% Exceptional gain of Rs 57.4 crore this quarter.
🎯 Whirlpool of India Q4 : Profit at Rs 87.41 cr versus Rs 104.10 cr, revenue at Rs 1,353.62 cr versus Rs 1,355.15 cr YoY. Positive for the stock. 👍
🎯 Reliance Industries : Saudi Arabia's The Public Investment fund to invest Rs 11,370 crore in Jio platforms for a 2.32% stake. The investment is made at an equity valuation of Rs 4.91 lakh crore and enterprise valuation of Rs 5.16 lakh crore. Jio platforms has now raised Rs 1,15,693.95 crore from 11 investments made by 10 investors. Positive for the stock. 👍
🎯 Pharma Stocks: DGFT removes prohibition on export of hydroxychoroquine API and its formulations. Positive for the stocks.
🎯 Cipla : Enters into an agreement with Roche Pharma to provide better access to innovative medicines for patients in India. Cipla will be responsible for marketing and distribution of Roche Pharma’s trademark oncology drugs.
🎯 DJ Mediaprint & Logistics : Company secured order for printing of club members stationery for the Membership Year 2018-19 covering 25 branches from LIC of India, Divisional Office, Madurai.
🎯 DIC India : Company received first tranche of Rs 102.5 crore upon registration of land, from Godrej Properties.
🎯 Gujarat State Fertilizer : To discontinue manufacturing operations of fibre and polymers at its Vadodara unit.
🎯 Apollo Pipes : Promoter Meenakshi Gupta acquired 1 lakh shares (0.76%) at Rs 325 per share. Positive for the stock. 👍
🎯 Waterbase : Promoter KCT Management Services acquired 2.27 lakh shares (0.55%) at Rs 103.72 per share. Positive for the stock. 👍
🎯 Uflex : Promoter Anshika Consultants released pledge of 2 lakh shares on June 15. Positive for the stock. 👍
🎯 JSW Steel : Promoter JTPL Metal Traders created pledge of 40 lakh shares on June 15. Negative for the stock.
🎯 JSPL : Promoters revoked pledge of 11.8 lakh shares between June 12-17. Positive for the stock. 👍
🎯 Laurus Labs : Promoters revoked pledge of 46.5 lakh shares on June 17. Positive for the stock. 👍
🎯 Adani Ports & SEZ : Promoter SB Adani Family Trust revoked pledge of 2.07 crore shares on June 17. Positive for the stock. 👍
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Edited by Sharp.
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