Asian markets are drifting at the start of a new trading week after a weak session on Wall Street on Friday. Markets in Japan are shut on account of a holiday.
US stocks turned lower in volatile trading on Friday as worries about rising coronavirus cases and a patchy economic recovery dampened risk sentiment, with technology-related stocks reversing early gains to extend their declines to a third day.
Dow Jones Industrial Average was down 45.63 points, or 0.16 percent, at 27,856.35, the S&P 500 was down 15.74 points, or 0.47 percent, at 3,341.27 and the Nasdaq Composite was down 71.77 points, or 0.66 percent, at 10,838.51.
🎯 News & Impact 🎯
New IPO : CAMS, Chemcon Speciality Chemicals
New Listing : Route Mobile
🎯 HCL Technologies : Announces intent to acquire leading Australian I.T. solutions company DWS Ltd. This will strengthen the company's leadership position as a strategic innovation partner of choice in the markets of Australia & New Zealand.
🎯 Dixon Technologies : 5% import duty on open cell used in TV manufacturing from October 1. Positive for the stock. 👍
🎯 Ajanta Pharma : Company gets tentative US FDA nod for arthritis drug Tofacitinib. Positive for the stock. 👍
🎯 RITES : Board approves share buyback of up to 96.98 lakh shares or 3.88% of the total equity at Rs 265 per share. Positive for the stock. 👍
🎯 Punjab National Bank : Financial regulator of Kazakhstan has revoked the license of JSC Tengri Bank, where PNB has a 41.64% stake. Negative for the stock.
🎯 BSE: Arbitration Tribunal declares the termination of the agreements entered into with Dow Jones as invalid and has ordered that it shall continue to remain in force and effect.
🎯 Future Enterprises : Defaulted in payment of commercial papers worth Rs 90 crore, due on September 14.
🎯 Amber Enterprises : Acquired 20% stake in Sidwal Refrigerations Industries, which has now become a wholly-owned subsidiary of the company. Positive for the stock. 👍
🎯 IRCTC: To start 20 pairs of clone special trains from September 21 on specific routes. Positive for the stock. 👍
🎯 ITC : Company acquired, in the second tranche, 1,964 compulsorily convertible preference shares of Delectable Technologies, taking shareholding to 20.06 percent of its share capital. Positive for the stock. 👍
🎯 Reliance Home Finance: National Housing Bank imposes a penalty of Rs 20,000 for contravention of certain provisions of Housing Finance companies. Negative for the stock.
🎯 Essel Propack : Promoter Epsilon Bidco sold 7.26 crore shares (23%) at Rs 256.49 per share. Negative for the stock.
🎯 KPIT Tech : Promoter Anupama Kishor Patil acquired 14 lakh shares (0.51%) at Rs 100.01 per share. Positive for the stock. 👍
🎯 Valiant Organics : Promoter Dilesh Roadlines sold 4 lakh shares (3.29%) at Rs 2,749.1 per share. Negative for the stock.
🎯 Sequent Scientific : Promoter Chayadeep Ventures sold 2.73 lakh shares on September 15. Negative for the stock.
🎯 Seamac : Promoter entities HAL Offshore Ltd & PACs acquired 60,000 shares in company, increasing stake to 69.80 %. Positive for the stock. 👍
🎯 Trident : Promoter Trident Capital acquired 11 lakh shares on September 17. Positive for the stock. 👍
🎯 Waterbase : Promoter KCT Management Services acquired 3.25 lakh shares on September 15. Positive for the stock. 👍
🎯 Man Infra : Promoter Parag Shah acquired 2 lakh shares on September 17. Positive for the stock. 👍
🎯 United Polyfab Gujarat : Promoter entities Harsh Vinodbhai Mittal, Poonam Harsh Mittal, Yash Vinod Mittal and Sweta Yash Mittal acquired 1,02,000 equity shares each in company at Rs 13.45 per share on the NSE. Positive for the stock. 👍
🎯 Dish TV : Promoter World Crest Advisors invoked pledge on 98.13 lakh shares between September 14-15. Positive for the stock. 👍
🎯 Chambal Fertilisers & Chemicals : Promoter entity Zuari Global created a pledge on 2.5 lakh shares. Negative for the stock.
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Edited by Sharp.
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