The S&P 500 dropped on Thursday, pulled lower by Microsoft Corp and Apple Inc, as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases.
The Dow Jones Industrial Average fell 0.5% to end at 26,734.71 points, while the S&P 500 lost 0.34% to 3,215.57. The Nasdaq Composite dropped 0.73%, to 10,473.83.
Asian markets are mixed at the start of the final trading day of the week. Relations between the U.S. and China continue to remain tense while the rally in tech stocks in the U.S. is showing signs of fragility.
India ranks third in the list of most-suitable locations for global manufacturing among 48 countries flowed by China and US in terms of cost competitiveness and operating conditions, according to property consultant Cushman & Wakefield.
Investments through participatory notes (P-notes) in the domestic capital market surged to Rs 62,138 crore till June-end, making it the third consecutive monthly rise. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas investors, who wish to be part of the Indian stock market without registering themselves directly but after due diligence process.
🎯 News & Impact 🎯
Major Results Today :
HCL Technologies, Britannia Industries, ICICI Lombard.
🎯 L&T Technology Services Q1FY21:
Revenue down 3.9% to Rs 1,294.7 crore.
Net profit down 42.5% to Rs 117.2 crore.
Ebitda down 24.5% to Rs 205.9 crore
Ebitda margin at 15.9% from 20.2%.
🎯 L&T Finance Holdings Q1FY21 :
Net Interest Income down 15.7% to Rs 1,408.9 crore.
Net profit down 73% to Rs 148.3 crore.
🎯 Alkem Labs :
Company gets US FDA nod for Brompheniramine Maleate, Dextromethorphan Hydrobromide and Pseudoephedrine Hydrochloride used to treat allergy & cold symptoms.
🎯 Torrent Pharma :
Company gets US FDA nod for Nystatin, Triamcinolone Acetonide Cream, a Combination of antifungal medication.
Positive for the stock. 👍
🎯 PTC India has revived plans to sell its controlling stake in its NBFC arm PTC India Financial Services.
🎯 GAIL Oil India :
The Department of Telecommunications (DoT) has withdrawn a demand of over Rs 2.3 lakh crore it had made on state-owned gas utility GAIL India Ltd and explorer Oil India Ltd (OIL) in past telecom dues.
Positive for the stocks. 👍
🎯 BPCL : Arm finalises senior debt financing of $14.9 billion for 2-train LNG project. Final investment decision for the same was made in June 2019.
🎯 Endurance Technologies :
Italian arm to undertake consolidation of its foundry activities whereby the plant operations including workmen and necessary plant and machinery from Grugliasco are shifted to the Chivasso plant. Post the consolidation of plant operations, the group now has nine manufacturing plants - six in Italy and three in Germany.
🎯 L&T Technology Services :
To acquire Orchestra Technologies for $25 million. The sum will be paid in tranches. The target company is based in the U.S. and specialises as a technology solutions provider to the telecom industry.
🎯 Thomas Cook India :
Signs agreement to take over the portfolio of Dnata Travel India's corporate travel business.
🎯 Future Consumer :
Promoter Future Capital Investment invoked pledge of 1.8 crore shares on July 16.
Positive for the stock. 👍
🎯 Omaxe :
Promoter Guild Builders created pledge of 63 lakh shares between July 13-15.
Negative for the stock.
🎯 JSW Energy :
Promoter Glebe Trading revoked pledge of 47.67 lakh shares on July 13.
Positive for the stock. 👍
🎯 Eveready Industries :
IL&FS Financial Services invoked a pledge on 1.88 lakh shares of the company.
Positive for the stock. 👍
🎯 Metropolis Healthcare :
The pledge released on 16.47 percent stake by Vistra ITCL India.
Positive for the stock. 👍
✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒ ✒
Edited by Sharp.
No comments:
Post a Comment