Sunday, 13 December 2020

14th December, 2020 Morning Brief

Market will open with a positive note on the beginning of the week today.

Dow Futures is trading with a gain of 180 points as nation's first COVID-19 vaccine will begin arriving in states Monday morning, United States officials said on Saturday. 

The new trading week has begun on a positive note for Asian equities. Global equities are looking to recover after their first weekly loss in six.

A weak greenback, coupled with stimulus bill negotiations and the impending deployment of the first Covid-19 vaccine in the U.S. is giving investors comfort.

The S&P 500 and Nasdaq closed with modest declines on Friday, as uncertainty over fresh economic stimulus dented confidence, although strong gains from Walt Disney helped the Dow Industrials eke out a gain.

The Dow Jones Industrial Average rose 47.11 points, or 0.16%, to close at 30,046.37, the S&P 500 lost 4.64 points, or 0.13%, to 3,663.46 and the Nasdaq Composite dropped 27.94 points, or 0.23%, to 12,377.87.

🎯 News & Impact 🎯 

🎯 New Listing : Burger King India 

🎯 Power Grid : Board of Directors approve payment of interim dividend of Rs 5 per equity share for FY21.
Positive for the stock. 👍🏻

🎯 Cipla : Announced the settlement of its litigation with Celgene Corporation, and wholly-owned subsidiary of Bristol Myers Squibb relating to patents for REVLIMID (lenalidomide). As part of the settlement, the parties will file Consent Judgments with the United States District Court for the District of New Jersey that enjoin Cipla from marketing generic lenalidomide before the expiration of the patents-in-suit, except as provided for in the settlement. 
Positive for the stock. 👍🏻

🎯 Biocon
European Regulator's Committee gives positive opinion on diabetes drug Kixelle.

🎯 KEC International : Has secured new orders of Rs 1,438 crore across its various businesses.
Positive for the stock. 👍🏻

🎯 Delta Corp : Received approval from the Goa Investment Promotion and Facilitation Board for setting up of an integrated resort consisting of hotels, convention centre, multiplex cinema, retail area, electronic casino, water park and other facilities at Pernem, Goa.
Positive for the stock. 👍🏻

🎯 L&T Tech
Company gets order from Swiss Co, Schindler for product development.

🎯 Adani Power : Maharashtra Electricity Regulatory Commission has announced two consequential orders at the direction of the Appellate Tribunal of Electricity, regarding appeals filed by the company's wholly-owned subsidiary Adani Power Maharashtra.

🎯 Eclerx
Enters into a interest purchase agreement to acquire 100% stake in Eclipse Global Holdings, a company based in Texas, through its wholly-owned subsidiary eClerx LLC, USA.

🎯 Zuari Global
Has acquired 100% shares of Zuari Insurance Brokers from Zuari Finserv, a wholly-owned subsidiary of the company.

🎯 Crest Ventures : Promoter Fine Estates bought 2.03 lakh shares (0.72%) at Rs 95.98 per share. Rajesh Golechha sold 2 lakh shares (0.70%) at Rs 95.99 per share.
Positive for the stock. 👍🏻

🎯 JSW Energy
Promoters JSW Investments and Indusglobe Multiventures revoked pledge of 3.08 crore shares on December 8.
Positive for the stock. 👍🏻

🎯 Laurus Labs
Promoter Satyanarayana Chava revoked pledge of 39.50 lakh shares between December 7-9.
Positive for the stock. 👍🏻

🎯 Jindal Steel & Power
Promoters Danta Enterprises and Glebe Trading revoked pledge of 45.51 lakh shares between December 4-8.
Positive for the stock. 👍🏻

🎯 JSW Steel
Promoter JSW Techno Projects, Vividh Finvest and Glebe Trading revoked pledge of 1.20 crore shares between December 8-10.
Positive for the stock. 👍🏻

🎯 Zuari Agro Chemicals
Promoter Zuari Management Services created a pledge of 45 lakh shares on December 8.
Negative for the stock. 👎🏻

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