The Nasdaq slid and the S&P 500 closed little with change on September 11 as early gains in technology and growth names faded, with each of the three major Wall Street averages posting their second straight weekly decline.
The Dow Jones Industrial Average closed up 131.06 points, or 0.48 percent, to 27,665.64. The S&P 500 gained 1.78 points, or 0.05 percent, to 3,340.97 and the Nasdaq Composite dropped 66.05 points, or 0.6 percent, to 10,853.55.
India's industrial output contracted 10.4 % in July as against a 4.9 % growth year-on-year (YoY), as per the Index of Industrial Production (IIP) data released by the government on September 11.
🎯 News & Impact 🎯
🎯 Route Mobile : IPO subscribed 74.36 times on the final day of bidding.
Results Updates :
🎯 IRCTC Q1FY21 : Revenue down 71.4% to Rs 131.3 crore. Net loss of Rs 24.6 crore from net profit of Rs 72.3 crore. Ebitda loss of Rs 43.9 crore from Ebitda gain of Rs 103.4 crore. Catering segment revenue down 67% to Rs 89.9 crore.
🎯 BHEL Q1FY21 : Revenue down 56.1% to Rs 1,990.9 crore. Net loss widens to Rs 897.2 crore from Rs 216.3 crore. Ebitda loss widens to Rs 1,058.8 crore from Rs 266.7 crore. Power Segment revenue down 69% to Rs 1,119.4 crore Industry segment revenue down 15% to Rs 777.1 crore.
🎯 Real Estate stocks : The Maharashtra government has increased ready reckoner rates in the state by an average of 1.74% which is applicable from September 12. Positive for Godrej Properties, Sunteck Realty, Kolte Patil Developers, Oberoi Realty, IBREL.
🎯 Reliance Industries : Carlyle looking to invest $1.5 - 2 billions in Reliance Retail. Positive for the stock. 👍
🎯 Adani Enterprises : Adani Land Defence Systems & Technologies has acquired 51% stake in PLR Systems from Fouraces Systems. This acquisition will enable the company to manufacture defence equipment indigenously.
🎯 Piramal Enterprises : CCI approves acquisition of 20% stake in Piramal Pharma by Carlyle.
🎯 Persistent Systems : Announced alliance with cloud data management software company Actifio.
🎯 Ratnamani Metals & Tubes : Gets domestic order worth Rs 90 crore for supply of pipes to the Oil & Gas sector.
🎯 TTK Prestige : Has launched new category of steel casseroles and will be initially launched in North Indian markets.
🎯 IGSEC Heavy Engineering : Gets order worth Rs 126.5 crore for scrubber system from Hindalco. Positive for the stock. 👍
🎯 Sobha : Promoter Ravi PNC Menon & PACs acquired 5,250 shares on September 9 and 11,822 shares on September 10 of the company. Positive for the stock. 👍
🎯 NCL Industries : Divya Penumacha, part of promoter group, raised stake in company to 0.82 percent from 0.77 percent earlier.
🎯 Jindal Steel & Power : Promoter entity OPJ Trading Pvt Ltd released 10 lakh pledged shares. Positive for the stock. 👍
🎯 Future Lifestyle Fashions : Promoter Future Corporate Resources invoked pledge of 1.67 crore shares on September 10. Positive for the stock. 👍
🎯 Future Retail : Promoter Future Corporate Resources invoked pledge of 3.05 crore shares between September 1-10. Positive for the stock. 👍
🎯 Future Consumer : Promoter Future Capital Investment invoked pledge of 62.91 lakh shares between September 9-10. Positive for the stock. 👍
🎯 Zee Learn : Promoter Asian Satellite Broadcast invoked pledge of 36 lakh shares on September 8. Positive for the stock. 👍
🎯 Zee Media : Promoters invoked pledge of 72 lakh shares on September 8. Positive for the stock. 👍
🎯 MEP Infra Developers : Promoter Sudha Mhaiskar revoked pledge of 9 lakh shares between September 7-9. Positive for the stock. 👍
🎯 Max Healthcare : Promoter Max Ventures Investment released pledge of 2.93 crore shares between September 4-8. Positive for the stock. 👍
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Edited by Sharp.
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