Asian equities have begun the new trading week with losses owing to lack of risk appetite among investors.
Futures on the Dow Jones are currently trading 27 points lower.
Wall Street’s main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp.
The Dow Jones Industrial Average fell 177.26 points, or 0.57%, to 30,814.26, the S&P 500 lost 27.29 points, or 0.72%, to 3,768.25 and the Nasdaq Composite dropped 114.14 points, or 0.87%, to 12,998.50.
🎯 News & Impact 🎯
🎯 New IPO : Indian Railway Finance Corporation
🎯 HDFC Bank Q2 :
Net Interest Income up 15% at Rs 16,317.6 Crore Vs Rs 14,172.9 Crore (BBG Estimate: Rs 15,400 Crore) Net profit up 18% at Rs 8,758.3 Crore Vs Rs 7,416.5 Crore (BBG Estimate: Rs 7,641 Crore) Gross NPA at 0.81% Vs 1.08% (QoQ) Net NPA at 0.09% Vs 0.17% (QoQ). Provisions at Rs 3,414.1 Crore Vs Rs 3,703.5 Crore (QoQ) and Rs 3,043.5 Crore (YoY)
Positive for the stock. 👍
🎯 L&T Finance Holdings Q3FY21 (Consolidated, YoY) :
Net Interest Income up 2% at Rs 1,779.6 crore Vs Rs 1,741.1 crore. Net profit down 51% at Rs 287.7 crore Vs Rs 591.5 crore.
Positive for the stock. 👍
🎯 Apollo Pipes Q3FY21 (Standalone, YoY) Revenue up 28% at Rs 128 crore Vs Rs 100 crore Net profit more than doubles to Rs 16.3 crore Vs Rs 6.7 crore.
Positive for the stock. 👍
🎯 Dr Reddy's Laboratories :
Gets approval from the Drug Control General of India to conduct phase 3 clinical trial for the Sputnik V vaccine in India.
Positive for the stock.
🎯 Piramal Enterprises :
Piramal Group has won the bidding for DHFL. The group received 93.5% votes, while Oaktree Capital received 45% votes.
Positive for the stock. 👍
🎯 Metropolis Healthcare :
To acquire 100% equity in Dr. Ganesan's Hitech Diagnostic Centre in a cash and stock deal.
🎯 Wipro :
Has been chosen as the strategic technology services partner by Fiat Chrysler Automobiles. To establish its first Global Digital Hub in Hyderabad.
🎯 JBM Auto : Received orders to supply 700 JBM 'CITYLIFE' fully AC BS-VI CNG low-floor buses from the Delhi Transport Corporation. Orders will be executed in the coming months.
🎯 GE T&D India :
Approved to sell its Global Engineering Operations division to GE India Industrial Pvt. Ltd. together with the assets and manpower comprised therein along with its corresponding liabilities on a slump sale basis.
Positive for the stock. 👍
🎯 HDFC Bank : Chief Credit Officer Jimmy Tata sold 1,400 equity shares of the bank.
Negative for the stock.
🎯 Max Financial Services : Promoter Max Ventures Investment Holdings revoked pledge of 9.37 lakh shares between January 13-14.
🎯 Mangalore Chemials & Fertilizers : Promoter Zuari Agro Chemicals revoked pledge of 50 lakh shares on January 11.
Positive for the stock. 👍
🎯 Jindal Steel & Power :
Promoter Gagan Infraenergy revoked pledge of 15 lakh shares on January 13. Promoter Glebe Trading created a pledge of 4 lakh shares on January 12.
Positive for the stock. 👍
🎯 Ajanta Pharma :
Promoter Ravi Agrawal revoked pledge of 6.22 lakh shares between January 13-14.
Positive for the stock. 👍
🎯 Adani Ports And Special Economic Zone : Promoters Gautam Adani and Rajesh Adani revoked pledge of 67.01 lakh shares between January 13-14.
Positive for the stock. 👍
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