Asian markets have opened lower in mid-week trade on concerns that a Covid-19 vaccine, which was the key catalyst for the strong rally in global equities from the lows in March, can be delayed.
US markets closed lower for a third straight session on Tuesday as heavyweight technology shares extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500.
The Dow Jones Industrial Average fell 632.42 points, or 2.25%, to 27,500.89, the S&P 500 lost 95.12 points, or 2.78%, to 3,331.84 and the Nasdaq Composite dropped 465.44 points, or 4.11%, to 10,847.69.
🎯 News & Impact 🎯
Happiest Minds Technologies IPO: Overall subscription of 8.4 times at the end of day 2.
Route Mobile: IPO opens for subscription today. The company has raised Rs 180 crore from 15 anchor investors be allocating 51.43 lakh shares at Rs 350 per share.
🎯 IRCTC : The government plans to sell about 15-20 % stake in IRCTC via offer for sale (OFS), according to media reports.
🎯 AstraZeneca Pharma : Late-stage studies of a highly-anticipated COVID-19 vaccine candidate, being developed by AstraZeneca and the University of Oxford, have been put on temporary hold due to a suspected serious adverse reaction in a participant in the United Kingdom.
Negative for the stock.
🎯 Power Grid Corporation : Cabinet has approved asset monetisation of company's subsidiaries via InvITs.
🎯 Wipro : To set up a digital innovation hub in Germany. The proposed hub will serve as the company's flagship hub in Europe and will offer digital transformation expertise to German companies.
🎯 HCL Tech : Company has opened a global development centre in Colombo, Sri Lanka, and expects to hire over 3,000 people in the next few years for the facility.
🎯 Power Grid : Cabinet approves asset monetisation of subsidiaries through an Infrastructure Investment Trust.
🎯 IDBI Bank : Sells remaining 10.26 lakh shares or 0.21% stake in the National Stock Exchange of India.
🎯 NTPC : Signs pact to implement 27 solar projects overseas. To add another 5GW solar capacity over the next two years.
🎯 Indian Hume Pipe : Gets work orders worth Rs 134.8 crore from the government of Odisha for rural water supply projects.
🎯 Hexaware Technologies : The delisting offer will open on September 9.
🎯 Orient Bell : Promoter entity Freesia Investment and Trading Company raised stake to 4.05 percent from 4.02 percent earlier. Positive for the stock. 👍
🎯 CL Educate : Promoter Satya Narayanan R acquired 10,000 shares in company and Gautam Puri HUF 4,901 shares.
Positive for the stock. 👍
🎯 Usha Martin : Promoter entity Peterhouse Investments Ltd & PACs reduced stake in company to 6.37 percent from 6.86 percent earlier. Negative for the stock.
🎯 Ajanta Pharma : Promoter Aayush Agrawal created pledge of 5 lakh shares on September 7.
Negative for the stock.
🎯 Max India : Promoter Max Venture Investment Holdings released pledge of 7 lakh shares on September 4.
Positive for the stock. 👍
🎯 Emami : Promoters released pledge of 46.81 lakh shares between September 7-8.
Positive for the stock. 👍
🎯 JSW Steel : Promoter JTPM Metal Traders created pledge of 35 lakh shares between September 2-5.
Negative for the stock.
🎯 JSPL : Promoters revoked pledge of 16.5 lakh shares between August 27-September 3.
Positive for the stock. 👍
🎯 Jamna Auto : Promoter Pradeep Jauhar created pledge of 8.5 lakh shares on September 4.
Negative for the stock.
🎯 Adani Transmission : Promoter SB Adani Family Trust released pledge of 4.5 crore shares on September 7.
Positive for the stock. 👍
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Edited by Sharp.
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