Asian markets have opened mixed on the final trading day of the week. Gold, however, continues to edge higher as did treasuries.
Wall Street shrugged off a sluggish start and closed higher on Thursday, with the Nasdaq ending the session above 11,000 for the first time as investors hoped for a new fiscal stimulus package.
The Dow Jones Industrial Average rose 185.46 points, or 0.68 percent, to 27,386.98, the S&P 500 gained 21.39 points, or 0.64 percent, to 3,349.16 and the Nasdaq Composite added 109.67 points, or 1 percent, to 11,108.07.
State-wise Goods & Services Tax (GST) collections in July showed an 11.1 percent month-on-month dip in most states, except a few small ones, government data revealed.
US weekly jobless claims hover at higher levels.
🎯 News & Impact 🎯
Major Results Today : Mahindra & Mahindra, Cipla, Siemens, etc.
Listing today :
Mindspace Business Parks REIT
🎯 HPCL Q1FY21 :
Revenue down 43% to Rs 37,720.8 crore.
Net profit of Rs 2,813.8 crore from Rs 26.8 crore.
Ebitda gain of Rs 4,354.2 crore from Ebitda loss of Rs 706.7 crore.
GRM at $0.04 per barrel from negative GRM of $1.22 per barrel.
Positive for the stock. 👍
🎯 Lupin Q1FY21 :
Revenue down 9% to Rs 3,527.9 crore.
Net profit down 52% to Rs 181 crore. Ebitda down 34.6% to Rs 488.1 crore. Ebitda margin at 13.8% from 19.2%.
🎯 Adani Enterprises Q1FY21 :
Revenue down 50.1% to Rs 5,265.2 crore.
Net profit down 95% to Rs 29.8 crore.
Ebitda down 88% to Rs 102.9 crore. Ebitda margin at 1.9% from 8%.
Negative for the stock.
🎯 Torrent Power Q1 :
Profit at Rs 372.7 crore versus Rs 275.3 crore, revenue at Rs 3,007 crore versus Rs 3,736 crore YoY.
Positive for the stock. 👍
🎯 India Grid Trust Q1 :
Profit at Rs 85.6 crore versus Rs 33.6 crore, revenue at Rs 366.6 crore versus Rs 217 crore YoY.
Positive for the stock. 👍
🎯 Lupin :
Signs an exclusive distribution pact with Fordoz Pharma for exclusive rights to market and distribute two complex injectable assets. The assets - in the oncology and anti-infective therapeutic areas are in advanced stages of development in the U.S. and its territories.
Positive for the stock. 👍
🎯 Jubilant FoodWorks : Announces foray into the FMCG space with a range of ready-to-cook sauces, gravies and pastes. The company has launched eight products across Indian & Chinese cuisines and will be initially available for consumers across e-commerce platforms.
🎯 Deepak Nitrite :
Arm Deepak Phenolics is expanding its capacity of production of lsopropyl Alcohol at its Dahej unit from 30,000 to to 60,000 tons per annum.
Positive for the stock.
🎯 GOCL Corporation :
The company acquired APDL Estates for Rs 62 crore without the liabilities, from Hinduja Realty Ventures.
🎯 Prince Pipes and Fittings :
Company has entered into a technical collaboration with Tooling Holland BV, a global player in the international plastic injection moulding industry based in The Netherlands.
🎯 Trident :
Promoters acquired 7 lakh shares of the company via open market transactions on August 5.
Positive for the stock. 👍
🎯 Asian Paints :
Promoters released 1.7 lakh pledged shares.
Positive for the stock. 👍
🎯 Uflex :
Promoter Anshika Consultants released pledge of 2.6 lakh shares on August 5.
🎯 JSW Steel : Promoters revoked pledge of 1.5 crore shares between July 31 - August 4.
Positive for the stock. 👍
🎯 Emami : Promoters revoked pledge of 1.6 crore shares from July 31 - August 4.
Positive for the stock. 👍
🎯 Jindal Steel & Power : Promoter Danta Enterprises revoked pledge of 5 lakh shares on July 31.
Positive for the stock. 👍
🎯 Future Consumer : Promoter Future Capital Investment invoked pledge of 45.65 lakh shares on August 4.
Positive for the stock. 👍
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Edited by Sharp.
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