Monday, 28 September 2020

29th September, 2020 Morning Brief

Market will open on a flat note today after two consecutive days' rally.

Asian markets are consolidating this morning, amid portfolio adjustments made during the end of the month.The U.S. Dollar has extended its losses while treasuries are little changed. 

Technology stocks again rode to Wall Street's rescue on Friday, lifting the main indexes more than 1%, but the Dow and the S&P 500 still posted their longest weekly losing streaks in a year as fears of a slowing economy sparked an almost month-long rout.

The Dow Jones Industrial Average rose 358.52 points, or 1.34%, to 27,173.96. The S&P 500 gained 51.87 points, or 1.60%, to 3,298.46 and the Nasdaq Composite added 241.30 points, or 2.26%, to 10,913.56.

🎯 News & Impact 🎯 
New IPO : UTI AMC, Mazagon Dock Shipbuilders, Likhitha Infra

🎯 India Grid Trust : Company completed acquisition of 74 percent in Jhajjar KT Transco (JKTPL) from Kalpataru Power Transmission and Techno Electric & Engineering company.
Positive for the stock. 👍 

🎯 Anuh Pharma : Company received approval from WHO - Geneva Prequalification for Pyrimethamine API which is used as Anti - Malarial Durgs.

🎯 Shalby : Board approved to reduce promoters' shareholding in the company to 75 percent from 79.45 percent.

🎯 Infosys : Subsidiary EdgeVerve Systems signed a partnership with Minit, a leader in process mining, to help its clients accelerate process excellence.

🎯 Opto Circuits : Promoter Jayesh Chandrakant Patel offloaded 85,150 i.e.0.03% shares in company. Negative for the stock.

🎯 HFCL : Promoter entity MN Ventures acquired 17 lakh (0.13 percent) equity shares of HFCL from open market. Positive for the stock. 👍 

🎯 JSW Steel : Promoter entity JSW Techno Projects Management created a pledge on 10.7 lakh shares.

🎯 Ajanta Pharma : Promoter Aayush M Agrawal, Trustee Agrawal Trust created a pledge on 80,000 shares.

🎯 

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