Asian markets are little changed in early trade this morning as the rally that propelled them to a record high took a pause.
Futures on the Dow Jones are currently trading lower by 40 points. The index ended 1.6% higher on Monday.
WPI inflation at 8-month high of 1.48% in October which may eliminates the hopes for further interest rate cut by RBI.
🎯 News & Impact 🎯
Indian economy may be recovering faster than anticipated: Oxford Economics
DIPAM signs pact with World Bank for advising on CPSE asset monetization.
Moderna says its vaccine is 94.5% effective in preventing COVID-19.
Government seeks higher dividends from state-run companies: Report
India's forex reserves surge $7.78 billion to lifetime high of $568.494 billion.
🎯 BPCL : Divestment Secretary Tuhin Kanta Pandey tweeted that several EoIs were received for the company's proposed stake sale. Bloomberg News reported that bids were received from global as well as local players.
Positive for the stock.
🎯 Wipro : Announces strategic partnership with SNP SE to help customers accelerate their enterprise transformation journey.
🎯 Reliance Industries : Reliance Retail has acquired approximately 96% stake in Urban Ladder for Rs 182.12 crore.
🎯 PVR : Launched a new single screen cinema in Lucknow, and opened three new screens in Faridabad.
🎯 Larsen & Toubro: Has emerged as the lowest bidder for a Rs 3,200 crore project to build a road bridge over the Brahmaputra river.
🎯 NBCC : Received total work orders worth Rs 1,165.5 crore in October.
🎯 Oil India :
Company says blowout at the company's Baghjan well in Assam has been doused successfully.
🎯 Future Consumer : Has defaulted on payment of interest on NCDs worth Rs 13.88 crore. It had sought deferment for payment of interest due on NCDs up to November 15, 2020.
🎯 Great Eastern Shipping :
The company signed a contract to buy a secondhand capesize bulk carrier. The 2014 Philippines built vessel is expected to join the company's fleet in H2 FY21.
🎯 Kalpataru Power Transmission :
Company successfully commissioned Kohima-Mariani Transmission Ltd.
🎯 Pioneer Embroideries :
Pioneer E-Com Fashions LLP acquired 10,34,766 equity shares in company at Rs 22 per share on the NSE.
Edited by Sharp.
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