Asian markets have opened the new trading week with losses as concerns mount over rising Coronavirus cases across the United States.
Japan's May retail sales fall sharply as lockdown measures hit demand
Wall Street’s major indexes tumbled more than 2% on Friday as several US states imposed business restrictions in response to a surge in coronavirus cases.
The Dow Jones Industrial Average fell 730.05 points, or 2.84%, to 25,015.55, the S&P 500 lost 74.71 points, or 2.42%, to 3,009.05 and the Nasdaq Composite dropped 259.78 points, or 2.59%, to 9,757.22.
🎯 News & Impact 🎯
Around 47 companies will announce their quarterly results today.
🎯 ITC Q4 :
Profit at Rs 3,797 crore versus Rs 3,481.9 crore, revenue at Rs 11,420 crore versus Rs 12,206 crore YoY.
Positive for the stock. 👍
🎯 Coal India Q4 :
Profit at Rs 4,625.8 cr versus Rs 6,026.5 crore, revenue at Rs 27,568.3 crore versus Rs 28,585 crore YoY.
🎯 IOC Q4 :
Profit at Rs 1,597.4 crore versus loss of Rs 70.6 crore, revenue at Rs 2,607 crore versus Rs 3,097 crore YoY.
Positive for the stock. 👍
🎯 HUDCO Q4 :
Profit at Rs 440.9 crore versus Rs 236.3 crore, revenue at Rs 1,888.5 crore versus Rs 1,474.8 crore YoY.
Positive for the stock. 👍
🎯 Oil India Q4 :
Profit at Rs 1,597.40 crore versus loss at Rs 70.59 crore, revenue at Rs 2,607.38 crore versus Rs 3,097.26 crore YoY.
Positive for the stock. 👍
🎯 Adani Transmission :
The company acquired Kharghar Vikhroli Transmission Private Limited from Maharashtra State Electricity Transmission Company.
Positive for the stock. 👍
🎯 Piramal Enterprises :
Carlyle Group will buy a 20 percent stake in the company’s subsidiary Piramal Pharma for $490 million or Rs 3,700 crore via fresh equity issuance.
Positive for the stock. 👍
🎯 Aviation Stocks :
The Centre has allowed domestic airlines to operate at 45 % capacity.
Positive for Indigo & Spicejet. 👍
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Edited by Sharp.
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