Asian markets are mixed at the start of the final trading day of this week.
Futures on the Dow Jones are currently trading lower by 45 points.
Wall Street's three main indexes closed at record highs on Thursday as investors grew more optimistic about a coronavirus stimulus bill, helping markets look past signs of economic strain brought on by the COVID-19 pandemic.
Oil climbed on December 17 and touched a nine-month high, with traders optimistic about progress toward a US fiscal stimulus deal and record-breaking refining demand in China and India amid US jobless claims rise to 885,000 amid resurgence of coronavirus.
Japan raises GDP outlook for FY2021 on lift from stimulus package.
🎯 News & Impact 🎯
In F&O Segment From January 1, 2021: Aarti Industries, HDFC AMC, Dr Lal Pathlabs
🎯 Defence Stocks :
Defence Acquisition Council headed by Union Minister Rajnath Singh approved Capital Acquisition of various weapons / platforms / equipment / systems required by the Indian Army, the Indian Navy and the Indian Air Force at an approximate overall cost of Rs 28,000 crore, as per the Press Information Bureau.
🎯 Zee Entertainment :
To acquire film production and distribution business on a slump sale basis from Zee Studios, a wholly-owned subsidiary.
🎯 BPCL : The Board of Directors of the company have approved the merger of Bharat Gas Resources Ltd, a wholly-owned subsidiary of BPCL, with the company, subject to the approval of the competent authorities and completion of regulatory and other requirements. The board has also accorded its approval for the acquisition of 88.86 crore (36.62%) shares in Bharat Oman Refineries Ltd from OQ S.A.0.C.(formerly Oman Oil Company S.A.O.C), subject to the finalisation of definitive agreement between parties, the approval of the competent authorities and completion of regulatory and other requirements.
🎯 Godrej Agrovet : The Department of Horticulture, Government of Telangana has allotted area admeasuring 28,164 Hectares in the Mahabubabad District of Telangana to the Company, for the purpose of oil palm cultivation/expansion.
🎯 ISGEC Heavy Engineering : Has secured a new order from KPR Sugar & Apparels Limited to set up a 10,000 TCD Sulphurless Sugar Plant, 40 MW Co-Generation Plant, 60 TPH Incineration Boiler and a 7.5 MW Power Plant for Zero Liquid Discharge system for the client’s distillery plant on EPC basis. The order is valued at Rs 431 crore.
🎯 PG Electroplast :
The company acquired 100% stake in PG Technoplast.
🎯 Astec Lifesciences :
Promoter Ashok V Hiremath reduced stake in company to 2.9% from 4.94% earlier.
🎯 SH Kelkar and Company : Promoter Keva Constructions sold 10 lakh shares (0.71%) at Rs 115.74 per share.
Positive for the stock. 👍🏻
🎯 Dishman Carbogen :
Promoter to sell 4.4% stake in the company via offer for sale on December 18 and December 21. Floor price is set at Rs 145.70 per share.
🎯 Usha Martin : Promoter entity Peterhouse Investments Ltd & PACs reduced stake in company to 4.56% from 4.89% earlier.
🎯 Sun Pharma :
Promoter Shanghvi Finance created a pledge of 1.24 lakh shares between December 14-16.
Negative for the stock.👎🏻
🎯 Emami :
Promoter entity Suntrack Commerce released pledge on 6 lakh equity shares.
Negative for the stock.👎🏻
🎯 Chambal Fertilisers & Chemicals :
Promoter Zuari Global revoked pledge of 10 lakh shares on December 15.
Positive for the stock. 👍🏻
🎯 Adani Transmission :
Promoter Adani Tradeline LLP revoked pledge of 8.70 lakh shares on December 14.
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