Asian equities are rising in mid-week trading after their U.S. counterparts rose to a new record on Tuesday.
Futures on the Dow Jones are trading 60 points higher. The index gained 0.35% on Tuesday. The Nasdaq 100 ended higher for the 10th day in a row - its longest winning streak in nearly a year.
U.S. stocks closed higher on Tuesday, with the S&P and Nasdaq setting record highs, in part due to a boost from the healthcare sector on positive COVID-19 vaccine news, while uncertainty over fresh fiscal stimulus held gains in check.
The Dow Jones Industrial Average rose 104.09 points, or 0.35%, to 30,173.88, the S&P 500 gained 10.29 points, or 0.28%, to 3,702.25 and the Nasdaq Composite added 62.83 points, or 0.5%, to 12,582.77.
The Dow Jones Industrial Average rose 104.09 points, or 0.35%, to 30,173.88, the S&P 500 gained 10.29 points, or 0.28%, to 3,702.25 and the Nasdaq Composite added 62.83 points, or 0.5%, to 12,582.77.
🎯 News & Impact 🎯
🎯 Dr Reddy's Laboratories : U.S.-based Exelixis has in-licensed the company's wholly-owned subsidiary Aurigene's Novel CDK7 inhibitor and has filed an investigational new drug application with the U.S. FDA for phase I clinical trials of the molecules used in treatment of advanced solid tumours.
Positive for the stock.
🎯 AstraZeneca Pharma India : Oxford University and AstraZeneca COVID-19 vaccine is safe and highly effective in preventing coronavirus disease, confirms data published in The Lancet, a medical journal.
🎯 ICICI Securities : ICICI Bank has approved selling another 2.2% stake in the broking firm through an Offer for sale. The floor price of 440 rupees per share : Promoter Shanghvi Finance created a pledge of 20 lakh shares on December 3.
🎯 TCS : Launches new blockchain-based, digital bank guarantee platform in Israel. The platform looks to improve cycle times, reduce fraud and enhance transparency.
🎯 JSW Steel : Crude steel production up 3% to 13.32 lakh tonnes in November.
🎯 Gujarat Industries Power : The district collector of Kutch has approved the allotment of land measuring 4750 hectares to develop a renewable energy park having a capacity of 2,375 MW.
Positive for the stock.
🎯 Vascon Engineers : Company receives work order worth Rs 37.74 crore from M/s Transcon-Sheth Creators Private Limited for construction of composite sale building No. 3 Rehab, Malad, Mumbai.
🎯 Prestige Estates Projects : The Competition Commission of India (CCI) has approved the acquisition of some assets of the company by Blackstone.
🎯 Wipro : Company will give wage hikes to junior employees with effect from January 1, 2021.
🎯 Saregama India : Company received a letter from the Calcutta Stock Exchange (CSE) granting approval for voluntary delisting the equity shares of the company from CSE w.e.f. December 7, 2020.
🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 23.40 lakh shares on December 4.
Positive for the stock. 👍🏻
🎯 Sun Pharma : Promoter Shanghvi Finance created a pledge of 20 lakh shares on December 3.
Negative for the stock. 👎🏻
🎯 Emami : Promoters Bhanu Vyapaar and Diwakar Viniyog revoked pledge of 14 lakh shares between December 3-4.
Positive for the stock. 👍🏻
🎯 Adani Ports & SEZ : Promoter Adani Tradeline revoked pledge of 58 lakh shares on December 7.
Positive for the stock. 👍🏻
🎯 Adani Transmission : Promoters Gautam Adani and Rajesh Adani revoked pledge of 1.60 crore shares on December 7.
Positive for the stock. 👍🏻
🎯 JSW Energy : Promoters Danta Enterprises and Glebe Trading revoked pledge of 93.50 lakh shares between December 4-7.
Positive for the stock. 👍🏻
🎯 SMS Pharma : Promoter Potluri Infra Projects created a pledge of 8 lakh shares (0.95%) on December 7 in favour of Vistra ITCL India.
Negative for the stock. 👎🏻
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