Asian markets struck a cautious note this morning after U.S. Federal Reserve Chair Jerome Powell highlighted the uncertainty of an economic rebound without further stimulus.
The S&P 500 ended lower on Wednesday, reversing gains late in the day as losses in technology shares outweighed a Federal Reserve statement that stoked optimism it would keep U.S. interest rates near zero for a prolonged period. The Dow Jones Industrial Average rose 36.78 points, or 0.13%, to 28,032.38, the S&P 500 lost 15.71 points, or 0.46%, to 3,385.49 and the Nasdaq Composite dropped 139.86 points, or 1.25%, to 11,050.47.
Crude Oil up more than 4% as U.S. stockpiles fall, hurricane hits output.
🎯 News & Impact 🎯
🎯 Aviation Stocks : Civil Aviation Minister Hardeep Singh Puri, in a written reply to parliament said that airline operators have sought government help to ask banks to defer loan repayments by six months and not to classify such loans as an NPA. Carriers have also sought Aviation Turbine Fuel (ATF) to be included under the GST regime and excise duty on jet fuel to be abolished.
Indigo, Spicejet stocks in action.
🎯 HCL Technologies : Announces expansion of strategic partnership with Google Cloud.
🎯 Suven Pharma : September 28 set as record date for bonus issue. The company had approved a 1:1 bonus issue on August 17.
🎯 Intellect Design Arena : Company’s banking platform has gone live for Bank of Bahrain and Kuwait.
🎯 Genus Paper & Boards : Sebi imposed penalty on three erstwhile promoters (including the company) of Genus Prime Infra for certain non-compliances of regulations.
🎯 Grasim : Promoter IGH Holdings acquired 43.5 lakh shares between September 10-11.
Positive for the stock.
🎯 Sequent Scientific : Promoters sold 10 lakh shares between August 27 - September 14.
Negative for the stock.
🎯 Trident : Promoter Trident Capital acquired 9 lakh shares on September 15.
Positive for the stock.
🎯 Mindtree : Promoters sold 18.5 lakh shares on September 14.
Negative for the stock.
🎯 Max Healthcare Institute : Promoter Max Ventures Investment Holdings sold 4.6 crore shares on September 11.
Negative for the stock.
🎯 Manaksia Steels : Company acquired 13,25,000 equity shares of Manaksia Limited through market purchase on September 16, raising shareholding from 4.08 % to 6.10 %. Positive for the stock. 👍
🎯 Usha Martin : Promoter entity Neutral Publishing House increased shareholding in company to 3.57 % from 3.33 %. Positive for the stock. 👍
🎯 Elgi Rubber : Promoter Varadaraj Sudarsan acquired 4,75,345 equity shares in company at Rs 16.68 per share on the NSE. However, P Chandrasekaran sold 4,72,300 shares at same price.
🎯 Dhunseri Tea & Industries : Promoter entity Dhunseri Ventures raised stake in company to 5.84 % from 4.65 % earlier.
🎯 Max India : Promoter Max Ventures Investment Holdings released pledge of 10.15 lakh shares on September 11. Positive for the stock. 👍
🎯 Laurus Labs : Promoter Satyanarayana Chava released pledge of 6.5 lakh share on September 15. Positive for the stock. 👍
🎯 Sadbhav Engineering : Promoter Shashin Patel created pledge of 31.83 lakh shares on September 14.
Negative for the stock.
🎯 GMR Infrastructure : Promoter entity GMR Enterprises created a pledge on 3.75 crore equity shares of company.
Negative for the stock.
🎯 Asian Paints : Promoter Smiti Holding and Trading released pledge of 8.36 lakh shares on September 15. Positive for the stock. 👍
🎯 MEP Infra Developers : Promoter Sudha Mhaiskar revoked pledge of 4.5 lakh shares on September 11. Positive for the stock. 👍
🎯 Sadbhav Engineering : Promoter entity Shashin V Patel created pledge on 31,83,333 ie 1.85% equity shares.
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Edited by Sharp.
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