Wall Street closed lower on Tuesday as investors fretted about weakening consumer confidence, disappointing financial results and as investors worried about wrangling in the US Congress over a coronavirus aid plan.
The Dow Jones Industrial Average fell 205.49 points, or 0.77%, to 26,379.28, the S&P 500 lost 20.97 points, or 0.65%, to 3,218.44 and the Nasdaq Composite dropped 134.18 points, or 1.27%, to 10,402.09.
🎯 News & Impact 🎯
Mindspace Business Parks REIT IPO subscribed 1.21 times on Day 2.
Major Results Today : Bharti Airtel, Maruti Suzuki India, Dr Reddy's Laboratories, TVS Motor Company, InterGlobe Aviation, Colpal, etc.
🎯 IndusInd Bank Q1FY21 : Net Interest Income up 16.4% to Rs 3,309.2 crore Net profit down 67.8% to Rs 460.6 crore Provisions at Rs 2,258.9 crore from Rs 430.6 crore Gross NPA at 2.53% from 2.45% last quarter Net NPA at 0.86% from 0.91% last quarter.
🎯 Nestle India Q2CY20 : Revenue up 1.7% to Rs 3,050 crore Ebitda up 4.9% to Rs 747 crore Ebitda margin at 24.5% from 23.7% Net profit up 11.2% to Rs 487 crore.
🎯 Yes Bank Q1FY21 : Net Interest Income down 16.3% to Rs 1,908.2 crore Net profit down 60.1% to Rs 45.4 crore Provisions at Rs 1,086.6 crore from Rs 1,784.1 crore Gross NPA at 17.3% from 16.8% last quarter Net NPA at 4.96% from 5.03% last quarter. Negative for the stock.
🎯 RBL Bank Q1FY21 : Net Interest Income up 27.5% to Rs 1,041.3 crore Net profit down 47.5% to Rs 141 crore Provisions at Rs 500.2 crore from Rs 196.7 crore Gross NPA at 3.45% from 3.62% last quarter Net NPA at 1.65% from 2.05% last quarter.
🎯 Edelweiss : The government has picked Edelweiss Financial Services Ltd and Deloitte as the two pre-initial public offer (IPO) transaction advisors for LIC IPO.
🎯 Info Edge : Stake in Ustraa to fall from 42.3% to up to 30%, after Ustraa raised Rs 50 crore from IIFL Private Equity Fund.
🎯 TCS : Company and Zinier launched field service automation solution to protect essential workers and ensure business continuity.
🎯 SH Kelkar : Company through its Italian subsidiary — Keva Italy Srl, completed acquisition of balance 49 percent equity stake in CFF for 16 million euro.
🎯 Max Financial Services : Promoter Max Ventures and Investment Holdings created pledge of 15.1 lakh shares between July 21-22. Negative for the stock.
🎯 Emami : Promoters released pledge of 2.5 crore shares between July 24-28. Positive for the stock. 👍
🎯 Jindal Steel & Power : Promoter Danta Enterprises revoked pledge of 26 lakh shares on July 23. Positive for the stock. 👍
🎯 Omaxe : Promoter Guild Builders created pledge of 1.1 lakh shares on July 24. Negative for the stock.
🎯 GTPL Hathway : Promoters released pledge of 5.65 lakh shares on July 22. Positive for the stock. 👍
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Edited by Sharp.
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