Asian markets are drifting lower on Wednesday after a subdued session on Wall Street. Doubts persist over the timing of a new spending package in the U.S.
US stocks closed lower on Tuesday, with the S&P 500 and Dow snapping a seven-day streak of gains and falling late in the session on growing uncertainty about breaking a stalemate in Washington over a fiscal stimulus deal.
The Dow Jones Industrial Average fell 104.53 points, or 0.38%, to 27,686.91, the S&P 500 lost 26.78 points, or 0.80%, to 3,333.69 and the Nasdaq Composite dropped 185.53 points, or 1.69%, to 10,782.82.
Russia becomes first country to approve a COVID-19 vaccine: Vladimir Putin.
India's industrial output for June contracts to 16.6%
🎯 News & Impact 🎯
🎯 Adani Ports Q1FY21 :
Revenue down 18% to Rs 2,292.7 crore.
Net profit down 26% to Rs 758 crore.
Ebitda down 28% to Rs 1,328.6 crore.
Ebitda margin at 57.9% from 65.9%.
🎯 PTC India Q1 :
Profit at Rs 100 crore versus Rs 93.3 crore, revenue at Rs 4,630.8 crore versus Rs 5,411.4 crore YoY.
🎯 Eicher Motors : Shareholders approve splitting one equity share of Rs 10 each into ten equity shares of Re 1 each.
Positive for the stock. 👍
🎯 HDFC : Completes capital raise through its QUIP and issue of NCDs, aggregating to Rs 13,693 crore.
Positive for the stock. 👍
🎯 Dr Reddy's Labs : Company gets US FDA nod for generic of cancer drug, Faslodex.
Positive for the stock. 👍
🎯 Orissa Mineral Development : Supreme Court has passed orders for the company to resume mining operations subject to necessary clearances and allowed the sale of undisposed stock following due procedure.
Positive for the stock. 👍
🎯 Wipro :
Completed the acquisition salesforce partner 4C.
🎯 Hexaware Technologies : Announces strategic partnership with Freshworks for digital solutions.
🎯 JMC Projects :
Company secured new orders of Rs 1,363 crore.
🎯 MPS : Board approves share buyback of up to 5.67 lakh shares or 3.04% of total equity. The buyback price of Rs 600 per share is a 51% premium to Tuesday's closing price.
🎯 JMC Projects : Received EPC orders worth Rs 1,363 crore.
🎯 KPI Global Infrastructure : Company received sanction letters for providing financial assistance for 15MW (existing) and 20MW (proposed) solar power project from PFC.
🎯 Sequent Scientific : CA Harbor Investments makes an open offer to acquire 6.45 crore shares or 26% of the expanded voting share capital of the company from public shareholders.
🎯 MT Educare : Promoter Mahesh Shetty to sell up to 17,82,585 shares.
🎯 Sequent Scientific :
Promoters released pledge of 34 lakh shares on August 4.
Positive for the stock. 👍
🎯 Max Financial Services : Promoter Max Ventures Investment released pledge of 61 lakh shares between August 7-10.
Positive for the stock. 👍
🎯 Eveready Industries : Promoter Williamson Magor invoked pledge of 56.83 lakh shares on August 7.
Positive for the stock. 👍
🎯 Emami :
Promoter Raviraj Viniyog released 10.5 lakh shares.
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Edited by Sharp.
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