Wall Street stocks closed higher on Monday and the S&P 500 was poised to clinch its biggest quarterly percentage gain since 1998 as investors hoped for a stimulus-backed economic rebound.
Boeing shares helped Dow Jones Industrial Average to rise by 580.25 points, or 2.32%, to 25,595.8, the S&P 500 gained 44.19 points, or 1.47%, to 3,053.24 and the Nasdaq Composite added 116.93 points, or 1.2%, to 9,874.15.
Human sentiments could remain positive as the Drug Controller General of India (DCGI) on June 29 granted permission to Bharat Biotech to initiate Phase I and II human clinical trials of its novel coronavirus, or COVID-19, vaccine.
Japan’s industrial output fell by 8.4% (Mom) for a fourth straight month in May to the lowest level since the global financial crisis of 2008 on the other side, China’s factory activity expanded at a faster pace in June, beating expectations.
SEBI again relaxes compliance requirement for portfolio managers regarding upfront fees till 1st October, 2020.
🎯 News & Impact 🎯
Major Result Today : ONGC
🎯 Central Bank of India Q4 :
Loss at Rs 1,529 cr versus loss of Rs 2,477.4 cr, NII at Rs 1,925.8 cr versus Rs 1,602.5 cr YoY.
🎯 Tata Steel Q4 :
Loss at Rs 1,095.7 cr versus profit at Rs 2,430.9 cr, revenue at Rs 33,770 cr versus Rs 42,423 cr YoY.
🎯 Bharat Dynamics Q4 :
Profit at Rs 309.7 cr versus Rs 124.1 cr, revenue at Rs 1,435.4 cr versus Rs 878 cr YoY.
Positive for the stock. 👍
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Edited by Sharp
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