24th December, 2020 Morning Brief

Market will continue yesterday's rally at the opening.

Futures on the Dow Jones are trading with gains of 40 points.  

Asian markets have opened higher ahead of the Christmas holiday period. An outline of the post-Brexit deal appears to be soothing investor nerves. 

The S&P 500 closed barely in positive territory on Wednesday as an expected stimulus deal and falling jobless claims prompted investors to put their money into sectors most likely to benefit from the economy re-opening when it recovers from the global health crisis. US weekly jobless claims fall; consumer spending declines in November. 

The Dow Jones Industrial Average rose 114.32 points, or 0.38%, to 30,129.83, the S&P 500 gained 2.75 points, or 0.07%, to 3,690.01 and the Nasdaq Composite dropped 36.80 points, or 0.29%, to 12,771.11.

Oil gains 2% after draws in U.S. product inventories. Brent crude futures rose $1.12, or 2.2%, to settle at $51.20 a barrel. 

🎯 News & Impact 🎯 

New Listing : Mrs Bectors Food Specialities 

🎯 DTH Operator companies : Cabinet approves proposal for revision of guidelines for obtaining license for providing D2H services in the country, as per PIB. It has also approved revision to norms to allow 100% FDI in the sector. License to be provided for 20 years instead of 10 years. DTH license fee revised to 8% of AGR from 10% earlier. 

Positive for the companies like Dish TV, Den Networks, GTPL Hathway, Hathway Cable etc. 

🎯 Aurobindo Pharma : 

Company signs exclusive agreement with COVAXX to develop and commercialise COVID vaccine UB-612 for India and UNICEF.

🎯 Caplin Point :

Company gets US FDA nod for generic of sedative drug Amidate.

🎯 Bharat Forge : 

German Subsidiary companies have reached a settlement with Germany's National Competition Regulator in connection with two separate proceedings. The subsidiary companies have reached a settlement for an aggregate amount of 32 million Euros to be paid over a period of the next five years. The final settlement for one of the subsidiary companies was signed on Wednesday while that for the other two is expected to be signed early next year.

🎯 Kilpest India : 

USFDA-EUA approved TRUPCR SARS-CoV-2 RT qPCR Kit (Version 2.0) has now approved for Emergency Use Authorisation by USFDA for testing of saliva specimen samples using the Saliva Specimen Collection Device OMNIgene-ORAL of DNA Genotek, Ottawa, a subsidiary company of OraSure Technologies, Inc.

🎯 ARSS Infrastructure Projects : The company received order for execution of work of 4 laning of Itanagar to Banderdewa section of NH-415 on EPC mode in Arunachal Pradesh.

🎯 CG Power and Industrial Solutions : Inaugurated new Motor manufacturing facility 'Smart LV Motors' at Ahmednagar in Maharashtra on December 21.

🎯 Tata Communications : Tata Communications International Pte, a foreign subsidiary of the company, has completed an investment transaction with OASIS Smart SIM Europe SAS resulting in TCIPL becoming the majority shareholder of Oasis and its subsidiary Oasis Smart E-Sim Pte and both Oasis and OSEPL have become subsidiaries of TCIPL and indirect subsidiaries of the company.

🎯 Filatex India : 

Promoter Vedansh Bhageria acquired 5 lakh shares on December 22.

Positive for the stock. 👍 

🎯 Great Eastern Shipping : Promoter Gopali Mulji sold 15,000 shares between December 21-22.

Negative for the stock. 👎🏻

🎯 Zuari Global : 

Promoter Adventz Finance acquired 70,282 shares on December 21.

Positive for the stock. 👍 

🎯 Olectra Greentech : 

Promoter Trinity Infraventures sold 45,000 shares on December 18.

Negative for the stock. 👎🏻

🎯 Majesco : 

Promoters Padma Desai, Girija Ram, Ketan Mehta, Ashank Desai and Radhakrishnan Sundar sold 34.90 lakh shares between December 17-18.

Negative for the stock. 👎🏻

🎯 Vaibhav Global :

Promoter entity Brett Enterprises Pvt Ltd & PACs raised stake in company to 58.48 percent from 58.34 percent earlier.

🎯 Chalet Hotels : 

Promoter Palm Shelter Estate Development LLP acquired 63,000 shares on December 22.

Positive for the stock. 👍 

🎯 Adani Ports And Special Economic Zone : 

Promoter Adani Tradeline revoked pledge of 29.90 lakh shares between December 21-22.

Positive for the stock. 👍 

🎯 Hatsun Agro Product : 

Promoter C Sathyan revoked pledge of 5.14 lakh shares on December 21.

Positive for the stock. 👍 

🎯 Ajanta Pharma : 

Promoter Aayush Agrawal revoked pledge of 1.94 lakh shares on December 12.

Positive for the stock. 👍 

🎯 Olectra Greentech : 

Promoter Trinity Infraventures revoked pledge of 50,000 shares on December 18.

Positive for the stock. 👍