Asian stocks slipped after a weak session on Wall Street overnight. Shares dipped in Japan, Australia and South Korea, and fluctuated in Hong Kong.
Wall Street’s main indexes closed lower on Monday as Washington lawmakers still appeared to struggle to reach an agreement on coronavirus stimulus ahead of a Tuesday deadline that would make a relief package possible ahead of the November 3 elections.
The Dow Jones Industrial Average fell 410.89 points, or 1.44%, to 28,195.42, the S&P 500 lost 56.89 points, or 1.63%, to 3,426.92 and the Nasdaq Composite dropped 192.67 points, or 1.65%, to 11,478.88.
🎯 News & Impact 🎯
Major Results Today : HUL
🎯 Britannia Q2FY21 :
Revenue up 12% to Rs 3,419.1 crore. Net profit up 23% to Rs 494.9 crore. Ebitda up 37% to Rs 675.4 crore. Ebitda margin at 19.8% from 16.1%.
Positive for the day. 👍🏻
🎯 HDFC Life Q2FY21 :
Gross Premium up 35% to Rs 10,183 crore.
Net profit up 6% to Rs 326 crore VNB Margins at 25% in H1FY21 from 28% in H1FY20.
🎯 L&T Technology Services Q2FY21 :
U.S. Dollar revenue down 9.9% to $178 million. Revenue down 6.3% to Rs 1,313.8 crore. Net profit down 19.6% to Rs 165.5 crore. Ebitda down 17.8% to Rs 232.8 crore. Ebitda margin at 17.7% from 20.2%
🎯 ACC Q3CY20 : Revenue flat at Rs 3,537.3 crore.
Net profit up 21% to Rs 363.1 crore. Ebitda up 20.5% to Rs 670.7 crore. Ebitda margin at 19% from 15.8%. Cement segment revenue up 4% to Rs 3,373 crore. Ready Mix concrete revenue down 41% to Rs 196.6 crore.
🎯 Reliance Industries : Reliance Retail receives subscription amount of Rs 1,837.50 crore from TPG.
🎯 Wipro : Awarded five-year application management and services integration and management contract by Fortum. Fortum is one of the leading clean-energy companies in Finland.
🎯 Sunteck Realty : Acquires nearly 50 acres land parcel in Vasind. The land has a potential to develop nearly 2.6 million square feet integrated residential township under the 'SunteckWorld' Brand.
🎯 Ramco Systems : Has secured additional orders for its flagship digital solutions (ERP platform) from Jamna Auto.
🎯 KIOCL : Announces share buyback worth Rs 155.92 crore. To buyback 1.42 crore shares or 2.28% of the total equity at Rs. 110 per share.
🎯 Textile Stocks : Bloomberg News reports that the government has extended the anti-dumping duty on polyester yarn from China and Thailand until November 30.
🎯 Zensar Tech : To divest 100% stake in PSI Holding Group to Service Express for $10 million and an additional deferred amount of $5 million based on performance. On the disposal of PSI Holding Group, the company has estimated a loss between $11-13
million.
🎯 MRPL : Board approves acquisition of 125 crore shares of ONGC Mangalore Petrochemicals from ONGC at Rs 9.76 oer share, for a total consideration of Rs 1,217 crore.
🎯 BSE : Has tied up with the Government of Telangana and Global Linker to help MSME’s raise equity funds.
🎯 Hexaware : Trading in securities shall be suspended from November 2 due to voluntary delisting, as per SEBI guidelines.
🎯 HFCL : Promoter entity MN Ventures acquired additional 10 lakh shares in company.
🎯 Adani Green Energy : Promoter SB Adani Family Trust created pledge of 10.23 lakh shares on October 16. Negative for the stock.
🎯 Zee Learn : Promoters invoked pledge of 58 lakh shares between October 13-16. Positive for the stock. Positive for the day. 👍🏻
🎯 Ajanta Pharma : Promoter Ravi Aggarwal released pledge of 1.25 lakh shares on October 16. Negative for the stock.
🎯 Atul : Promoter Arvind Farms released pledge of 5 lakh shares on October 19.
Positive for the day. 👍🏻
🎯 Emami : Promoters released pledge of 8 lakh shares.
Positive for the day. 👍🏻
🎯 JSW Steel : Promoter entity Sahyog Holdings released pledge on 60.52 lakh equity shares, JSW Techno Project Management on 26.65 lakh equity shares and Vividh Finvest 17 lakh shares.
🎯 JSW Energy : Promoter entity Indusglobe Multiventures released pledge on 74.90 lakh equity shares.
🎯 GNA Axles : Promoter Jasvinder Singh released a pledge on 7 lakh shares.
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Edited by Sharp.
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