Asian markets have opened lower this morning after a weak session on Wall Street. Sentiment turned risk-off after a surge in Covid-19 cases in multiple states across the U.S.
Wall Street’s three major indexes on Wednesday suffered their biggest daily percentage drop in almost two weeks as a surge in U.S. coronavirus cases intensified fears of another round of government lockdowns and worsening economic damage.
The Dow Jones Industrial Average fell 710.16 points, or 2.72%, to 25,445.94, the S&P 500 lost 80.96 points, or 2.59%, to 3,050.33 and the Nasdaq Composite dropped 222.20 points, or 2.19%, to 9,909.17.
Oil prices tumbled over 5%, or more than $2 a barrel on Wednesday, after U.S. crude storage hit another record.
🎯 News & Impact 🎯
Major Results Today : Ashokley, Bankindia
🎯 United Breweries Q4FY20 Revenue down 12.6% to Rs 1,424.2 crore Net profit down 39.3% to Rs 14.2 crore Ebitda down 22.8% to Rs 132.3 crore Ebitda margin down to 9.3% from 10.5%
🎯 Canara Bank Q4 (Standalone, YoY)
Net Interest Income down 5.19% at Rs 3,318.5 crore
Net loss at Rs 3259.3 crore versus Net loss at Rs 551.5 cr ore
Provisions at Rs 4,875.3 crore versus Rs 5,120.9 crore
GNPA at 8.21% versus 8.36% QoQ
NNPA at 4.22% versus 5.05% QoQ
🎯 General Insurance Corporation Q4 (Standalone, YoY)
Gross Premium up 14% at Rs 9,217.8 crore.
Net profit at Rs 1,197.4 crore versus Net loss at Rs 1,556.5 crore
Solvency ratio at 1.53 versus 2.06
GNPA at 4.42% versus 3.01%
NNPA at 0.63% versus 1.12%.
Positive for the stock. 👍
🎯 Karur Vysya Bank Q4 :
Profit at Rs 83.70 cr versus Rs 60 cr, revenue at Rs 590.48 cr versus Rs 619.23 cr YoY.
Positive for the stock. 👍
🎯 Reliance Industries :
CCI approves acquisition of 9.99% stake in Jio Platforms by Facebook’s arm Jaadhu Holdings.
Positive for the stock. 👍
🎯 Bharti Infratel :
Extends long stop date for Indus Towers deal till August 31.
🎯 TCS :
Company helped Zebra Technologies deploy a unified platform to enrich partner experience.
🎯 CG Power and Industrial Solutions :
Subsidiary CG International BV entered into a Share Purchase Agreement with AK Group France, for divestment of its entire shareholding in subsidiary, CG Services Systems France SAS.
🎯 Andhra Paper :
Promoter International Paper Investments to sell 39.77 lakh shares (10% equity) through an offer for sale (OFS), with an option to sell an additional 28.64 lakh shares (7.2% equity).
Negative for the stock.
🎯 Metropolis Healthcare :
Promoter Duru Sushil Shah sold 30.54 lakh shares (6.03%) at Rs 1,383.4 per share.
Negative for the stock.
🎯 Bombay Dyeing :
Nowrosjee Wadia and Sons sold 2.11% stake in company at Rs 76.90 per share.
Negative for the stock.
🎯 Eveready Industries :
Company promoters invoked pledge of 6 lakh shares on June 16.
Positive for the stock. 👍
🎯 DB Corp :
Company promoter DB Consolidated revoked pledge of 19 lakh shares on June 22.
🎯 Strides Pharma :
Company promoter Lifecell International released pledge of 14 lakh shares on June 24.
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Edited by Sharp.
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