Asian markets are advancing in mid-week trading after their peers in the U.S. halted a losing streak overnight.
Futures on the Dow Jones are currently trading lower by 40 points after a positive closing with a percent gain.
Wall Street showed signs of a Santa rally on December 15, with the Nasdaq closing at a record high, helped by optimism about a potential government stimulus to protect the economy from the coronavirus pandemic. Hopes aer rising that Democratic and Republican lawmakers will clinch a $748 billion bipartisan proposal that will inject cash directly in the economy.
US manufacturing production beats expectations.
🎯 News & Impact 🎯
🎯 IPO : Mrs. Bectors Food Specialities oversubscribed by 3.72 times on the day 1.
🎯 IDBI Bank :
Launched fund raising through QIP issue. Floor price of Rs 40.63 per share is a 3.8% discount to Tuesday's closing price.
🎯 Punjab National Bank :
Has launched QIP issue to raise funds. Floor price of Rs 37.35 per share is a 7.6% discount to Tuesday's closing price.
🎯 Embassy Office Parks REIT : Launched a QIP issue on Tuesday in order to raise funds. The floor price of 348.38 rupees per unit is a 2.1% discount to Tuesday's closing price.
🎯 Indian Bank :
Has declared the NPA account of IL&FS Financial services as 'Fraud' and reported the same to the Reserve Bank of India.
🎯 Axis Bank :
Said its total exposure to SREI group does not exceed Rs 800 crore and the allegations by Australia-based news agency Scams Breaking on the bank's exposure to SREI Group are ‘grossly inaccurate and baseless.’
🎯 Biocon :
Biocon Biologics has signed a Memorandum of Understanding with the Christian Social Services Commission in Africa. Tanzania will be the first country in Africa that will benefit from this collaboration between Biocon Biologics and CSSC.
🎯 HG Infra Engineering : Has been declared as L-1 bidder by lrcon Intemational Limited for its project worth Rs 713.69 crore.
🎯 Hathway Cable And Datacom : Has acquired the remaining 49% stake or 9,800 equity shares of Hathway Digital Saharanpur - a subsidiary of the company for a cash consideration of Rs 25 lakh.
🎯 Mukand :
Promoter Bajaj Sevashram bought 47.85 lakh shares (3.38%) at Rs 60.5 per share. Promoter Jeewan Ltd sold 47.85 lakh shares (3.38%) at Rs 60.5 per share.
🎯 Welspun Corp :
Promoter Welspun Group Master Trust bought 26.98 lakh shares (1.03%) at Rs 132.01 per share.
Positive for the stock. 👍🏻
🎯 Astec LifeSciences :
Promoter Hiremath Ashok Vishwanath sold 4 lakh shares (2.04%) at Rs 1,102.09 per share.
Negative for the stock. 👎🏻
🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 11 lakh shares on December 11.
Positive for the stock. 👍🏻
🎯 Kalpataru Power Transmission : Promoter Parag Munot revoked pledge of 18.39 lakh shares on December 11.
Positive for the stock. 👍🏻
🎯 Solara Active Pharma Sciences : Promoter Pronomz Ventures invoked pledge of 2.40 lakh shares on December 14.
Positive for the stock. 👍🏻
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