Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft’s pursuit of TikTok’s U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
The Dow Jones Industrial Average rose 0.89% to end at 26,664.4 points, while the S&P 500 gained 0.72% to 3,294.61. The Nasdaq Composite climbed 1.47% to 10,902.80, beating its previous record high close on July 20.
🎯 News & Impact 🎯
🎯 Banking Sector : Bank FDs double YoY to Rs 6.1 lakh crore in Q1 FY21. Positive for the sector.
🎯 Pharma Sector : Commerce Ministry may hike import duty on APIs by up to 25%.
🎯 Yes Bank : Moody's upgrades the long-term foreign currency issuer rating to B3 from Caa1, following the equity capital raise. Positive for the stock.
🎯 Jubilant Lifesciences : Launches Remdesivir injection under the brand name ‘JUBI-R’ in the Indian market at a price of Rs 4,700 per vial of 100 mg (lyophilized injection). Positive for the stock. 👍
🎯 Infosys : National Bank of Bahrain selects the company's banking solution Finacle for its transaction banking business.
🎯 Aditya Birla Fashion and Retail : Promoters increased their stake to 59.79% from 59.07%, through allotment of equity shares, pursuant to the rights issue on July 30. Positive for the stock.
🎯 Bank of India : Has deferred capital raising for the next ensuing meeting. Negative for the stock.
🎯 KEC International : Secured new orders worth Rs 1,192 crore for transmission, distribution, infra and cables segments. Positive for the stock. 👍
🎯 Welspun Corp : Company bagged multiple pipe supply orders worth about Rs 1,000 crore. Positive for the stock. 👍
🎯 Ajanta Pharma : Promoter Ravi Agrawal revoked pledge of 5 lakh shares on August 3. Positive for the stock. 👍
🎯 Jyothy Labs : Promoter MP Ramachandran released pledge of 1.97 crore shares between July 27 - August 3. Positive for the stock. 👍
🎯 JSW Steel : Promoters acquired 14 lakh shares between July 30-31. Positive for the stock. 👍
🎯 Trident : Promoters acquired 18.78 lakh shares on July 31. Positive for the stock. 👍
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Edited by Sharp.
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