Monday, 18 January 2021

19th January, 2021 Morning Brief

Market opened with a gap-up today after a correction since last few days.

Asian equities have pushed higher this morning along with bond yields. Investors now await comments from Treasury Secretary nominee Janet Yellen on more fiscal stimulus and the trajectory of the U.S. Dollar.

Futures on the Dow Jones are currently trading with gains of 120 points.

🎯 News & Impact 🎯 

🎯 IRB Infrastructure Developers : SPV achieves financial closure for Gandeva-Ena HAM project on the upcoming Vadodara-Mumbai expressway in Gujarat. Lenders extend project financing worth Rs 747 crore, NHAI support for the project will be Rs 702 crore. The company will infuse Rs 253 crore as its equity contribution.

🎯 Jindal Stainless (Hisar) : 
Jindal Stainless Steelway, a subsidiary of the company has acquired 1.56 crore equity shares of Rs 10, constituting 67% of paid up capital of its associate company namely JSS Steelitalia for a cash consideration of Rs 2.41 crore.

🎯 United Drilling Tools : To set up a new manufacturing plant in Gujarat, near the Mundra Port.

🎯 Adani Enterprises 
Promoters Gautam Adani and Rajesh Adani revoked pledge of 21 lakh shares on January 14.
Positive for the stock. 👍 

🎯 Adani Ports & SEZ
Promoters Gautam Adani and Rajesh Adani revoked pledge of 11.21 lakh shares on January 15.
Positive for the stock. 👍

🎯 Emami
Promoters revoked pledge of 21.94 lakh shares between January 13-15.
Positive for the stock. 👍

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