Futures on the Dow Jones are trading lower by 90 points.
Asian markets have opened modestly higher in mid-week trade, even as U.S. stock futures reversed gains.
The S&P 500 lost ground on Tuesday as concerns over a new variant of the coronavirus and disappointing economic data stole the thunder from Washington’s passage of a long-awaited pandemic relief bill.
Dow Jones Industrial Average fell 200.94 points, or 0.67%, to 30,015.51, the S&P 500 lost 7.66 points, or 0.21%, to 3,687.26 and the Nasdaq Composite added 65.40 points, or 0.51%, to 12,807.92.
Outgoing U.S. President Donald Trump signalled he may not sign the $900 billion bipartisan relief package just a day after Congress passed it. Investors also continued to assess the vaccine rollout and concern around a new virus variant that is leading to more severe lockdowns.
Rising virus cases across the world are threatening to overshadow U.S. pandemic relief and the initial delivery of vaccines.
U.S. President-elect Joe Biden warned that the darkest days of the pandemic are yet to come and asked the Congress to be prepared for another round of stimulus next year.
Oil drops as new coronavirus variant revives demand fears. Brent crude was down 60 cents, or 1.2%, at $50.32 a barrel while U.S. West Texas Intermediate (WTI) crude fell 72 cents, or 1.5%, to $47.25.
🎯 News & Impact 🎯
🎯 Wipro : The company has announced a significant, strategic, digital and I.T. partnership deal with METRO AG. As part of this transaction, Wipro will take over the I.T. units of METRO AG — METRO-NOM GMBH in Germany and METRO Systems Romania S.R.L.
🎯 Infosys : Daimler and Infosys have announced a long-term strategic partnership for a technology-driven I.T. infrastructure transformation.
Positive for the stock. 👍
🎯 Bajaj Auto :
To spend Rs 650 crore to set up a new manufacturing facility at Chakan, Maharashtra.
🎯 Aster DM Healthcare :
The subsidiary of the company, Aster Caribbean Holdings, has entered into an agreement with the Cayman Islands Government to further a healthcare project in the Cayman Islands to be known as the Aster Cayman Medcity for the provision of healthcare services.
🎯 Forbes & Company : The Board of Directors has approved entering into Memorandum of Understanding with GPX India and Equinix India for sale of approximately 3.804 acres of land at Chandivali for a consideration of Rs 200 crore.
Positive for the stock. 👍
🎯 Jubilant Foodworks :
Introduced plant-protein Pizza called ‘The Unthinkable Pizza.’
🎯 Oil India :
Company announced that it has signed a MoU with Assam Hydrocarbon & Energy company for establishing a joint institutional framework to facilitate bilateral cooperation in hydrocarbon exploration & development and marketing of natural gas in the state of Assam.
🎯 Hindustan Foods :
Company announced that the company will be undertaking a capital expenditure of Rs 125 cr in the northern region of India via its wholly owned subsidiary HFL consumer products Pvt Ltd.
🎯 Mahindra & Mahindra : SsangYong Motor Company, a material subsidiary of the company, has intimated the Korean Stock Exchange that it could not repay the loan amount of 40 billion KRW (approximately Rs 268 crore) to JP Morgan on account of SYMC's application for rehabilitation.
🎯 Firstsource Solutions :
Company arm to buy US-based Co PatientMatters for USD 13 million
🎯 Fine Organic Industries :
The Maharashtra Pollution Control Board has directed the company to stop operations at factory premises situated at Plot No. N-2, MIDC Additional, Ambernath, Thane for alleged violation of the provisions of Water (Prevention and Control of Pollution) Act, 1974, Air (Prevention and Control Pollution), Act, 1981 and the Rules made thereunder.
Negative for the stock. 👎🏻
🎯 Dishman Carbogen Amcis : Promoter Adimans Technologies LLP sold 19.74 lakh shares to non-retail investors on December 18.
Negative for the stock. 👎🏻
🎯 Godrej Industries :
Promoter Anamudi Real Estates acquired 78,530 shares on December 16.
Positive for the stock. 👍
🎯 Filatex India :
Promoters Yaduraj Bhageria and Stuti Bhageria acquired 5.30 lakh shares on December 21.
Positive for the stock. 👍
🎯 Ashoka Buildcon :
Promoter Ashish Ashok Katariya acquired 7,000 shares between December 7-10.
Positive for the stock. 👍
🎯 Chalet Hotels :
Promoter Palm Shelter Estate Development acquired 1 lakh shares on December 21.
Positive for the stock. 👍
🎯 Thyrocare Technologies : Promoters A Velumani and Thyrocare Properties and Infrastructure acquired 10,370 shares on December 21.
Positive for the stock. 👍
🎯 NRB Bearings : Promoters Aziz Yousuf Zaveri and Harshbeena Zaveri acquired 47,299 shares between December 17-21.
Positive for the stock. 👍
🎯 Archidply Industries :
Promoter Assam Timber Products cut stake in the company to 18.90 % from 19.54 % via open market transaction.
🎯 Tips Industries :
Promoters to sell 48,000 shares to comply with the requirement of minimum public shareholding of 25 percent, during December 23-29.
🎯 Max Financial Services : Promoter Max Ventures Investment Holdings revoked pledge of 1 lakh shares on December 19.
Positive for the stock. 👍
🎯 Mangalore Chemicals & Fertilizers : Promoter Zuari Agro Chemicals revoked pledge of 5.81 lakh shares on December 18.
Positive for the stock. 👍
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