30th December, 2020 Morning Brief

Market will open on a positive note today in continuation of yesterday's rally.

Asian markets have slipped in mid-week trade after U.S. equities staged a pullback from their record highs overnight.

Futures on the Dow Jones are trading flat in the morning trades.

US stocks edged lower on Tuesday in choppy trading after hitting record highs, as investors worried about the path of the economic reopening and whether the Senate would authorize additional pandemic aid checks. 

Dow Jones Industrial Average fell 65.4 points, or 0.22%, to 30,338.57, the S&P 500 lost 8.46 points, or 0.23%, to 3,726.9 and the Nasdaq Composite dropped 49.85 points, or 0.39%, to 12,849.57.

🎯 News & Impact 🎯 

🎯 NBFC :

NBFCs' profitability may dampen due to loan impairment, says RBI Report.

Negative for the sector. 

🎯 Jindal Stainless Limited : The Board of Directors of Jindal Stainless and Jindal Stainless (Hisar) (JSHL) have approved the merger of Jindal Stainless (Hisar) into Jindal Stainless.

Positive for the stock. 👍

🎯 Jindal Steel & Power : 

Indian Railways has awarded Regular Supplier status to the company for 60 kg 880 grade (90UTS) Rails. With this, Indian Railways, its subsidiary and track laying contractors can source 60kg 880 grade (90UTS) Rails manufactured by JSPL and utilise them for their ongoing and upcoming projects.

🎯 UPL : Has completed the pre-payment worth $410 million of 3.25% Senior Notes due October 2021. 

🎯 Torrent Pharmaceuticals : 

The company has redeemed and repaid secured NCDs of Rs 166.70 crore out of the total NCDs of Rs 500 crore on December 29.

🎯 Indus Towers : 

Promoter Nettle Infrastructure Investments acquired 17.46 lakh shares on December 28.

Positive for the stock. 👍 

🎯 Satia Industries : 

Promoter Chirag Satia acquired 40,000 shares on December 28.

Positive for the stock. 👍 

🎯 Mangalam Cement : 

Promoter Rambara Trading acquired 1 lakh shares between December 28-29.

Positive for the stock. 👍 

🎯 Ganesha Ecosphere : 

Promoter Seema Sharma acquired 7,383 shares between December 22-28.

Positive for the stock. 👍 

🎯 Lincoln Pharma : 

Promoters Munjal Patel and Kailashben Patel acquired 1 lakh shares between December 28-29.

Positive for the stock. 👍 

🎯 Adani Enterprises : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 20 lakh shares on December 28.

Positive for the stock. 👍 

🎯 Adani Transmission : 

Promoters Gautam Adani and Rajesh Adani revoked pledge of 44.35 lakh shares on December 28.

Positive for the stock. 👍 

🎯 Jindal Steel & Power : 

Promoter OPJ Trading created pledge of 25.61 lakh shares on December 22.

Negative for the stock. 👎🏻

🎯 Emami : 

Promoter Diwakar Viniyog revoked pledge of 4.15 lakh shares on December 24.

Positive for the stock. 👍 

🎯 Max Financial Services : Promoter Max Ventures Investment revoked pledge of 37,499 shares on December 24.

Positive for the stock. 👍