Mid-week trading has begun on a positive note for Asian equities. This after U.S. markets climbed to fresh records with cyclical sectors continuing to see inflows.
Futures on the Dow Jones are trading higher by 140 points.
U.S. stocks rallied on Tuesday and the Dow breached the 30,000 level for the first time, as investors anticipated a 2021 economic recovery on coronavirus vaccine progress and the formal clearance for President-elect Joe Biden’s transition to the White House.
The Dow Jones Industrial Average rose 454.97 points, or 1.54%, to 30,046.24, the S&P 500 gained 57.82 points, or 1.62%, to 3,635.41 and the Nasdaq Composite added 156.15 points, or 1.31%, to 12,036.79.
US consumer confidence fell more than expected in November likely as a widespread surge in new COVID-19 infections and business restrictions outweighed encouraging news on vaccines.
🎯 News & Impact 🎯
🎯 Muthoot Finance : RBI refuses the company's request for a No Objection Certificate to acquire IDBI Capital Markets & Securities, IDBI Trustee & IDBI Asset Management.
Negative for the stock.
🎯 Lasa Supergenerics : Bombay High Court restrains competitor from manufacturing Albendazole. It has also granted other reliefs to the company in the patent infringement case, until the disposal of the suit.
🎯 Sreeleathers : Board approves buyback of up to 20 lakh shares worth Rs 32 crore.
🎯 IRB Infra : Gets completion certificate from competent authority for Agra-Etawah Bypass BoT project.
🎯 Warren Tea :
Company decided to dispose of one of its tea estates namely Rupai Tea Estate located at Doom Doorna, Assam.
🎯 HFCL : Promoter entity MN Ventures acquired additional 5 lakh shares in company.
🎯 Archidply Industries : Promoter entity Assam Timber Products sold 1 lakh equity shares in company via open market.
🎯 JSW Steel : Company acquired balance 26.45 percent of the issued and paid-up share capital of JSW Vallabh Tinplate.
🎯 Ajanta Pharma : Promoter Aayush Agrawal created pledge of 1.2 lakh shares on November 23.
Negative for the stock. 👎🏻
🎯 Asian Granito : Promoters created pledge of 3.38 lakh shares between November 19-20.
Negative for the stock. 👎🏻
🎯 JSW Energy : Promoter Glebe Trading created pledge of 1.1 crore shares on November 20.
Negative for the stock. 👎🏻
🎯 Adani Green Energy : Promoter Adani Trading Services revoked pledge of 1.1 crore shares on November 23.
Positive for the stock. 👍🏻
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