Global equities held near a record high as Asian markets began trading for the first time in 2021. Futures on the Dow Jones are trading flat up by 20 points.
Asian share markets hit pause on Monday as reports of a possible tightening in coronavirus emergency rules for Tokyo pulled Japanese stocks off 30-year highs, while also lifting the safe-haven yen.
Japan’s factory activity ended a record 19-month run of declines in December as output stabilised for the first time in two years, suggesting manufacturers are shaking off the negative impact from the coronavirus pandemic.
🎯 News & Impact 🎯
🎯 AstraZeneca :
The ‘Covishield’ vaccine, developed by University of Oxford and pharmaceutical giant AstraZeneca, is being produced in the country by the Serum Institute. Bharat Biotech has developed ‘Covaxin’ – India’s first indigenous vaccine against COVID-19.
🎯 BEML :
Government to divest 26% stake in the company along with the management control.
Positive for the stock. 👍
🎯 Rashtriya Chemicals & Fertilisers : Government plans to sell 10% stake in the company through an Offer For Sale and has invited bids from merchant bankers and legal firms to manage the share sale process.
Positive for the stock. 👍
🎯 Reliance Industries :
SEBI imposes penalties on the company, Chairman Mukesh Ambani and two other entities for alleged manipulative and fraudulent trading in the shares of erstwhile Reliance Petroleum, back in November 2007. Fines of Rs 25 crore and Rs 15 crore have been imposed on Reliance Industries and Mukesh Ambani respectively.
🎯 Federal Bank :
Overall deposits up 12% year-on-year to Rs 1,61,670 crore.
🎯 CSB Bank : The lender in its December quarter business update stated that total deposits rose 16.5% year-on-year.
🎯 NMDC :
December production up 23% to 3.86 MT from 3.13 MT year-on-year.
🎯 Tata Chemicals :
The wholly owned subsidiary of the company, Tata Chemicals (Soda Ash) Partners, has served a notice to withdraw from American Natural Soda Ash Corporation effective December 31, 2022.
🎯 I.T. Stocks : U.S. President Donald Trump extends a ban on new green cards and work visas until March 31, citing continued weakness in the U.S. labor market due to the pandemic
🎯 Adani Green Energy :
Adani Renewable Energy Holding Eight Ltd. (AREHEightL), a wholly-owned subsidiary of the company received the Letter of Award to set up 600 MW Wind-Solar Hybrid project.
Positive for the stock. 👍
🎯 PTC India Financial Services : Achieved resolution of one of its NPA loan account in the hydro segment - Dirang Energy Pvt. Ltd. The resolution was achieved under the one-time settlement proposal offered by the promoter company Patel Engineering Ltd. at consideration of Rs. 41.37 cr.
🎯 Chambal Fertilisers & Chemicals : Promoter Zuari Global revoked pledge of 4 lakh shares on December 30.
Positive for the stock. 👍
🎯 West Coast Paper :
Promoters Veer Enterprises and Shree Satyanarayan Investments acquired 38,000 shares between December 30-31.
Positive for the stock. 👍
🎯 Confidence Petroleum India : Promoters Confidence LPG Bottling and Essenn LPG Bottling acquired 5.25 lakh shares between December 28-31.
Positive for the stock. 👍
🎯 Satia Industries :
Promoter Chirag Satia acquired 32,500 shares on December 31.
🎯 Vardhman Textiles :
Promoter Vardhman Holdings acquired 38,000 shares on December 31.
🎯 Ganesha Ecosphere :
Promoters acquired 15,250 shares between December 2-31.
🎯 Bhageria Industries : Promoter Rakesh Bhageria acquired 5,318 shares on December 31.
🎯 V-Mart Retail :
Promoter Smiti Agarwal sold 10,700 shares on December 31.
Negative for the stock. 👎🏻
🎯 Astra Microwave Products : Promoter C Prameelamma sold 70,000 shares on December 31.
Negative for the stock. 👎🏻
🎯 JSW Steel :
Promoters Danta Enterprises and Glebe Trading created a pledge of 7 lakh shares on December 29.
Negative for the stock. 👎🏻
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