Asian markets have begun the final trading week of 2020 on a positive note. President Donald Trump signed a bill containing $900 billion in pandemic relief and also averted the risk of a partial government shutdown. Futures on the Dow Jones are currently trading with gains of 65 points.
The S&P 500 ended higher at the close of a shortened session on Thursday as investors headed into the long Christmas weekend with hopes that an imminent stimulus agreement, a Brexit deal, and the ongoing vaccine rollout will spell brighter days in the coming year.
The Dow Jones Industrial Average rose 70.04 points, or 0.23%, to 30,199.87, the S&P 500 gained 13.05 points, or 0.35%, to 3,703.06 and the Nasdaq Composite added 33.62 points, or 0.26%, to 12,804.73.
🎯 News & Impact 🎯
🎯 BPCL / Indigo :
Government officials expressed confidence of completing BPCL and Air India sale in the next few months.
Positive for BPCL Negative for Indigo.
🎯 Coal India :
Board accorded in-principle approval to venture into Aluminium Value Chain and Solar Power Value Chain.
🎯 Cadila Healthcare :
Zydus Cadila submits Phase I and II clinical trial data of ZyCoV-D and has sought approval to begin phase III clinical trials. Immunogenicity in Phase II clinical trial of ZyCoV-D in healthy subjects clearly established as also endorsed by the Independent Data Safety Monitoring Board.
🎯 NIIT :
Board approves buyback of 98.75 lakh equity shares of face value of Rs. 2 each.
🎯 Westlife Development :
Royalty for FY21 and FY22 remains fixed at 4%. The company has opened four new stores post March 2020.
🎯 Advanced Enzymes Technologies : To acquire 51% of equity share capital of SciTech Specialities, post which, SSPL will become a subsidiary of the company.
🎯 Lupin :
Gets tentative approval from the U.S. FDA for its Efinaconazole Topical Solution, 10%. It is used in the topical treatment of onychomycosis of the toenails. For the 12-months ending September 2020, it had annual sales of $222.9 million in the U.S., as per IQVIA data.
🎯 Biocon : U.S. FDA informs Biocon Biologics of deferred action on the Biologics License Application (BLA) for MYL-14020, a proposed biosimilar to Avastin.
🎯 Dish TV : Gets demand notice worth Rs 4,164.05 crore from the Ministry of Information and Broadcasting.
🎯 Asian Granito : Expanding export network to over 120 countries from 100.
🎯 Embassy Office Parks REIT :
Has completed the acquisition of Embassy TechVillage assets from the Embassy Sponsor, members of the Blackstone group and other selling shareholders for an enterprise value of Rs 9,782 crore ($1.3 billion).
🎯 Balaji Telefilms :
Enters into collaboration with Ding Infinity to produce premium shows and films. The company will acquire a minimum of 55% stake for a cash consideration of not more than Rs 5 crore.
🎯 Central Bank Of India :
Has entered into a binding agreement to divest its entire equity stake of 64.40% i.e. 1.61 crore shares of face value of Rs 10 each in Cent Bank Home Finance, to Centrum Housing Finance, subject to approvals from regulatory authorities.
🎯 Reliance Industries :
The Company has entered into definitive agreements to acquire the shares held by IMG Singapore Pte. in IMG-R, for a cash consideration not exceeding Rs 52.08 crore.
🎯 Indian Bank : Has declared the NPA of Pratibha Industries and FEMC-Pratibha Joint Venture as fraud belonging to Rs. 575 Croresand reported them to the RBI.
🎯 Punjab & Sind Bank :
Has declared the NPA Account of Sintex Industries as fraud belonging to Rs. 294 crore. and reported to the RBl.
🎯 Sastasundar Ventures :
Promoter Luv-Kush Projects bought 1.69 lakh shares (0.53%) at Rs 127.7 per share. Microsec Vision Trust One sold 1.69 lakh shares (0.53%) at Rs 127.7 per share.
🎯 Vedanta :
Promoter Vedanta Holdings Mauritius II bought 18.50 crore shares (4.98%) at Rs 159 per share.
🎯 Future Retail :
Promoter Future Corporate Resources has pledged 9.86 crore shares i.e. 64.84% of the total shareholding of 15.22 crore shares.
Negative for the stock. 👎🏻
🎯 Max Financial Services :
Promoter Max Ventures Investment Holdings revoked pledge of 4.80 lakh shares between December 22-23.
Positive for the stock. 👍🏻
🎯 Apollo Hospitals :
Promoter PCR Investments revoked pledge of 15.67 lakh shares on December 23.
Positive for the stock. 👍🏻
🎯 Adani Enterprises :
Promoters Gautam Adani and Rajesh Adani revoked pledge of 1.11 lakh shares on December 22.
Positive for the stock. 👍🏻
🎯 Adani Ports & SEZ : Promoter Adani Tradeline revoked pledge of 14.58 lakh shares on December 22.
Positive for the stock. 👍🏻
🎯 JSW Energy :
Promoter JSW Investments revoked pledge of 16 lakh shares on December 14.
Positive for the stock. 👍🏻
🎯 Motherson Sumi Systems : Promoter Samvardhana Motherson International revoked pledge of 2.76 crore shares on December 23.
Positive for the stock. 👍🏻
🎯 Kellton Tech Solutions :
Promoter Kellton Wealth Management LLP sold 10 lakh shares (1.04%) at Rs 71.03 per share.
Negative for the stock. 👎🏻
No comments:
Post a Comment