Asian markets are declining at the start of trade today as investors chose to book profits from a record breaking rally. Rising concerns over coronavirus cases is dampening sentiment.
Dow Futures is trading flat in the morning trades.
Benchmark indices in Japan, Australia and South Korea are declining. The Cboe Volatility Index surged the most since October.
Shares on Wall Street closed sharply lower on Monday, sliding from all-time peaks on the first trading day of the year, as risk appetite ebbed amid upcoming runoff elections in Georgia and the persistent surge in coronavirus cases.
The Dow Jones Industrial Average fell 382.59 points, or 1.25%, to 30,223.89, the S&P 500 lost 55.42 points, or 1.48%, to 3,700.65 and the Nasdaq Composite dropped 189.84 points, or 1.47%, to 12,698.45.
UK PM Boris Johnson orders new stay-at-home national lockdown to fight new coronavirus variant.
Oil slides more than a percent along with U.S. stocks as OPEC+ delays output decision.
🎯 News & Impact 🎯
🎯 Sun Pharma :
Company has initiated Phase 2 clinical trial for SCD-044 in patients with moderate to severe plaque psoriasis.
🎯 KNR Construction :
Has received orders worth of Rs 603.63 crore from Project Director, Highways (FAC), Chennai Kanyakumari Industrial Corridor Project.
🎯 NBCC (India) :
Awarded the work for construction of Balance works/rectification of defects for the works of HEART BEAT - 2 on as is where Basis at Heartbeat City, Noida, pertaining to Amrapali group of companies on Engineering, Procurement and Construction basis to Gaursons Hi-Tech Infrastructure for a total contract value of Rs 351 crore.
🎯 HCL Tech :
Company completes acquisition of DWS in Australia.
🎯 IIFL Securities :
IIFL Insurance Brokers Limited, a wholly-owned subsidiary of the company, has received permission from IRDA for undertaking insurance e-commerce activities in lndia through Insurance Self Networking Platform.
🎯 Hemisphere Properties India : Government sanctioned loan amounting to Rs 40 crore to the company.
🎯 MOIL :
The company will form JV with Gujarat Mineral Development Corporation for manganese ore mining JV in Gujarat.
🎯 Bajaj Auto :
Promoter Rajivnayan Bajaj acquired 15,000 shares on December 31.
Positive for the stock. 👍
🎯 HSIL :
Promoter Dr Rajendra Kumar Somany & Others increased stake in the company to 60.24% from 53.91% via buyback offer.
Positive for the stock. 👍
🎯 ISGEC Heavy Engineering : Promoter The Yamuna Syndicate acquired 12,331 shares between December 30-31.
Positive for the stock. 👍
🎯 Steel Strips Wheels :
Promoter Chandigarh Developers revoked pledge of 84,000 shares on January 1.
Positive for the stock. 👍
🎯 India Cements :
Promoters Prince Holdings (Madras) and Anna Investments revoked pledge of 90 lakh shares on December 31.
Positive for the stock. 👍
🎯 Wockhardt :
Pledge on 2.26 percent equity released after partial pre-payment of debt.
Positive for the stock. 👍
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