1st January 2021, Morning Brief

Market will open on a flat note today after a lackluster session on the day of the new year eve.

Most Asian equities are shut today on account of the New Year holiday.

U.S. markets climbed to a record high on the final trading day of the year, amid thin volumes. U.S. stocks ended a tumultuous year with the Dow and S&P 500 at records, as the three major U.S. equity indexes notched solid-to-spectacular yearly gains despite an economy upended by the COVID-19 virus as investors looked to a post-pandemic world. Claims for jobless benefits fall in US to 787,000, down 19,000. 

The Dow Jones Industrial Average rose 196.92 points, or 0.65%, to 30,606.48, the S&P 500 gained 24.03 points, or 0.64%, to 3,756.07 and the Nasdaq Composite added 18.28 points, or 0.14%, to 12,888.28.

🎯 News & Impact 🎯 

New Listing today : Antony Waste Handling Cell

🎯 Mahindra & Mahindra : Ford along with the company have pulled out of a proposed joint venture. The companies agreed to terminate the venture after reassessing in part due to the pandemic.

🎯 TCS : 

Dividend consideration on 8th Jan.

Positive for the stock. 👍

🎯 Bharat Dynamics : 

With the announcement from the Union Cabinet regarding clearance of Akash Weapon System for Export, Bharat Dynamics Limited, the manufacturer of Akash Missile is geared up to take up export order.

Positive for the stock. 👍 

🎯 UPL :

Promoter Jaidev Rajnikant Shroff bought 3,98,500 Global Depository Receipts equivalent to 7,97,000 equity shares of UPL. 

🎯 Kimia Biosciences : 

The company has received three certificates of pharmaceutical products (COPP) from State Drugs Controller-cum-Licensing Authority, Food and Drugs Administration, Haryana. 

🎯 MOIL : The company has increased prices of different grades of Manganese Ore and other products by 10% to 15% effective from January 1, 2021.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : The Ministry of Coal has declared Jindal Power as the successful bidder for Gare Palma IV/1 Mine.

🎯 Infibeam Avenues : 

Has divested its 100% ownership with control in its wholly-owned subsidiary, Cardpay Technologies, to its subsidiary, Instant Global Paytech.

🎯 IRB Infrastructure Developers : The Thane Ghodbunder Toll Road Pvt Ltd - a wholly owned subsidiary of the company, has received a communication from MSRDC granting interim extension of concession period of Thane-Ghodbunder BoT Project up to January 30, 2021.

🎯 Mangalam Cement : 

Promoters Rambara Trading and Avayaan Vikram Jalan acquired 64,400 shares between December 30-31.

Positive for the stock. 👍

🎯 Vardhman Textiles : 

Promoter Vardhman Holdings acquired 39,191 shares between December 28-30.

Positive for the stock. 👍

🎯 NRB Bearings : 

Promoter Aziz Yousuf Zaveri acquired 56,334 shares between December 29-30.

Positive for the stock. 👍

🎯 Bhageria Industries : 

Promoters Suresh Bhageria and Rakesh Bhageria acquired 42,322 shares between December 29-30.

Positive for the stock. 👍

🎯 Medicamen Biotech : 

Promoter Shivalik Rasayan acquired 27,500 shares on December 30 and promoter Growel Remedies sold 27,500 shares on December 30.

Positive for the stock. 👍

🎯 Man Infra : 

Promoter Parag Shah acquired 53,089 shares on December 30.

Positive for the stock. 👍

🎯 Vardhman Special Steels : Promoter Sachit Jain acquired 12,500 shares between December 28-30.

Positive for the stock. 👍

🎯 HG Infra Engineering : 

Promoter Hodal Singh acquired 45,500 shares on December 30.

Positive for the stock. 👍

🎯 Cybertech Systems & Software : Promoter Steven Llyod Jeske sold 1.50 lakh shares (0.54%) at Rs 162.62 per share.

Negative for the stock. 👎🏻

🎯 Kellton Tech Solutions : Promoter Kellton Wealth Management LLP sold 20 lakh equity shares of the company at Rs 74.02 per share on the NSE.

Negative for the stock. 👎🏻

🎯 Sterling and Wilson Solar : Promoter Khurshed Yazdi Daruvala sold 26.30 lakh equity shares of the company at Rs 230.63 per share on the BSE.

🎯 Emami : 

Promoter Raviraj Viniyog revoked pledge of 4 lakh shares on December 29.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter OPJ Trading created a pledge of 34 lakh shares on December 24.

Negative for the stock. 👎🏻

🎯 JSW Energy : 

Promoters Glebe Trading and Danta Enterprises created a pledge of 1.64 crore shares on December 29.

Negative for the stock. 👎🏻

🎯 Bliss GVS Pharma : 

Promoters Gautam Rasiklal Ashra and Arjun Gautam Ashra created pledge of 1.40 lakh shares on August 31.

Negative for the stock. 👎🏻

🎯 Orient Cement : 

Promoter Shekhavati Investments and Traders created pledge of 18 lakh shares on August 28.

Negative for the stock. 👎🏻