U.S. stocks rose on Friday and the S&P 500 and Nasdaq registered their biggest weekly percentage gains since July as optimism over more federal fiscal aid grew.
The Dow Jones Industrial Average rose 161.39 points, or 0.57%, to 28,586.9, the S&P 500 gained 30.31 points, or 0.88%, to 3,477.14 and the Nasdaq Composite added 158.96 points, or 1.39%, to 11,579.94.
Oil prices dropped for a second straight session on Monday as U.S. producers began restoring output after Hurricane Delta weakened, while a strike that had affected production in Norway came to an end.
🎯 News & Impact 🎯
Major Results Today : Wipro
New Listing : UTI AMC, Mazgaon dock
🎯 NBFC : RBI's targeted long-term liquidity measures to ease borrowing cost for NBFCS. Positive for the sector.
🎯 Vedanta : The company on Saturday said that the delisting offer is deemed to have failed as per terms of the delisting regulations. The post offer public announcement by the company said that 125.47 crore shares were validly tendered by public shareholders. For successful delisting of shares, 134.12 crore shares needed to have been validly tendered for promoter shareholding to cross 90%. Bids worth 12.31 crore were unconfirmed.
🎯 Shilpa Medicare : Gets U.S. FDA warning letter for its formulations facility in Jadcherla, Telangana. Negative for the stock.
🎯 Indiabulls Housing Finance : Has sold further portion of its stake in OakNorth Holding - the wholly-owning parent company of OakNorth Bank to Riva Capital Partners for approximately Rs 441 crore.
🎯 RITES : Secures consultancy orders for Rs 103 crore.
🎯 Godrej Properties : NCLT approved amalgamation of Wonder Space Properties with the company.
🎯 Premier Explosives : Gets domestic order for explosives worth Rs 82.8 crore from the Telengana government.
🎯 GE Shipping : The company has signed a contract to buy a secondhand LR2 product carrier.
🎯 Karnataka Bank : Reports a fraud amounting to Rs 107.99 crore in the credit facilities extended earlier to Sintex Industries' borrowing account.
🎯 Sandhar Technologies : Company divested its entire shareholding in joint venture Indo Toolings (ITPL) in favour of JBM Auto, the joint venture partner.
🎯 SAT Industries : Company increased stake in Fibcorp Polyweave from 19.22 % to 19.89 % via rights issue.
🎯 Hero MotoCorp : Harley Davidson is likely to announce its India distribution plan this week.
🎯 Federal-Mogul Goetze (India): Promoter IEH FMGI Holdings to sell up to 1.21 crore shares or 21.83% stake through an Offer for Sale (OFS). The floor price of Rs 342 per share is a 21.1% discount to Friday's closing price. The promoter looks to raise Rs 415.4 crore through this OFS. Negative for the stock.
🎯 Sun TV : Promoter released pledge of 4.64 lakh shares on October 5. Positive for the stock. 👍
🎯 GNA Axles : Promoter Jasvinder Singh created pledge of 3 lakh shares on September 29. Negative for the stock.
🎯 Dish TV : Promoter World Crest Advisors invoked pledge of 35.24 lakh shares on September 30. Positive for the stock. 👍
🎯 Emami : Promoters reduced pledged shares to 46.50 % of their total shareholding in September from 90.48 percent in June quarter. Positive for the stock. 👍
🎯 Eveready Industries : Promoter Williamson Financial Services invoked pledge of 17 lakh shares on October 7. Positive for the stock. 👍
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Edited by Sharp.
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