U.S.
Market Highlight
Monday [Nov 18” 2024] Performance:
- Dow
Jones: -0.1%
- Nasdaq:
+0.6%
- S&P
500: +0.4%
Key Drivers:
- Nasdaq
Outperforms: Strong gains from Tesla, Apple, and AMD supported the
index.
- Tesla
Soars: Up 5.6% after Bloomberg reported Trump’s team is working on
easing regulations for self-driving vehicles.
- Dollar
Softens: Dropped 0.5% to 106.2, aiding gold and crude prices.
- Earnings
Impress:
- 93%
of S&P 500 companies have reported.
- 74% beat earnings expectations, and 62% surpassed revenue estimates
Sector Movements
- Healthcare
Gains:
- CVS
Health rose 5% after adding 4 new board members.
- Tech
in Focus:
- Advanced
Micro Devices rose 3%
- Apple
gained 1.3%
- Netflix
climbed 2.8%
- AI
Server Stocks Rally:
- Super
Micro Computer surged 16% after Barron’s report on plans to avert Nasdaq
delisting.
Commodities and Yields
- 10-Year
Treasury Yield: 4.42%
- Dollar
Index: 106.2 (-0.5%)
- Gold:
$2,608/oz (+1.8%)
- Brent
Crude: $73/barrel (+2%)
- Bitcoin:
$90,600
After-Hours Highlights
- Trump Media & Technology Group fell 4% on news it is in talks to acquire crypto trading firm Bakkt.
- Walmart
rose 0.8% ahead of earnings due Tuesday pre-bell.
.png)
Indian Stocks
to Watch:
Positive Catalysts:
- GMR
Airports: October passenger traffic and aircraft movements up 9% YoY.
- Colgate-Palmolive:
Launched AI-powered dental screening program.
- Zee
Entertainment: Punit Goenka steps down as MD to focus on operational
responsibilities as CEO.
- Shilpa
Medicare: Arm receives Certificate of Suitability from EU regulator
for Octreotide API.
- PG
Electroplast: Signed agreement to become EV manufacturing partner for
Africa's Spiro Mobility.
- AstraZeneca:
Import and market approval from DCGI for COPD drug Breztri Aerosphere.
- Gulf
Oil: ICRA upgrades long-term cash credit limit rating to AA+ from AA.
Negative Catalysts:
- Waaree
Energies: Muted Q2; profit largely aided by other income.
- MedPlus:
Premji Invest and SBI MF exit 6.6% stake via block deal, impacting
sentiment.
This
week’s important insider trades:
Buying:
Rexnord Electronics: Promoter increases stake by 22%
worth 28.34cr via pref.
shares Kiri Industries: Promoter increases stake by
10% worth 250cr via warrants
Ester Industries: Promoter increases stake by 7%
worth 100cr via warrants
Selling:
Sayaji Hotels: Promoter sells 14.29% stake worth
33.95cr in open market
Astron Paper: Promoter sells 1.6% stake worth 1.76cr
in open market which increases stake by 7% worth 100cr via warrants.
This
week’s important bulk and block deals:
Block Deals
NTPC: Shares worth 100cr exchanged between two PE
funds Inox Wind: Shares worth 30cr exchanged between HNIs Gujarat
Fluorochemicals: Shares worth 10.4cr exchanged between HNIs Ramkrishna
Forgings: Shares worth 18.46cr exchanged between FIIs PNB Housing Finance:
Shares worth 12.81cr exchanged between FIIs
Bulk Deals
Shri Keshav Cements: Existing public shareholder sold
stake worth 16.23cr Tuticorin Alkali: Shares worth 30cr bought by a FII PNB
Housing Finance: Sale of shares worth 2301.58cr by existing public shareholder
STRATEGIC COLLABORATIONS
- L&T
TECHNOLOGY SERVICES: Partners with Colorado Smart Cities Alliance to boost
adoption of smart city projects in the U.S. with solutions in mobility,
sustainability, and tech.
- TATA
ELXSI & SUZUKI: Launch Suzuki-Tata Elxsi Offshore Development Center,
supporting green mobility innovations like lightweight design,
eco-friendly materials, and advanced powertrains.
- MOS
UTILITY & CENTRAL BANK OF INDIA: Collaborate to expand Business
Correspondent networks for enhanced banking access.
STOCK UPDATES
- REGIS
INDUSTRIES: Approves stock split in 1:10 ratio.
- BHARAT
GLOBAL DEVELOPERS: Approves bonus issue (8:10 ratio).
PRODUCTION EXPANSION
- APAR
INDUSTRIES: Plans to triple Continuous Transposed Conductor (CTC) capacity
to 20,490 MT/year by Q3 FY26, aligning with government prioritization of
power infrastructure.
- MESON VALVES: Acquires 4,800 sq. meters for new manufacturing operations at the Goa-Maharashtra border.
NEW PROJECTS AND JV
- KINGS
INFRA: Launches Kings Maritech Eco Park in Tamil Nadu, pioneering
sustainable aquaculture with AI and IoT-powered systems.
- NTPC
& ONGC: Incorporate joint venture ONGC NTPC Green Private Limited
for renewable energy development and offshore wind projects.
CORPORATE UPDATES
- HCL
SOFTWARE: Appoints Vikrant Chowdhary as Senior VP & Country Head
for India, advancing "Make in India" efforts.
- RACL
GEARTECH: Bags nomination from BMW for EV drivetrain parts for an
electric sports car; production begins in 2026.
- SHILPA
MEDICARE: Subsidiary receives CEP certification for Octreotide API,
expanding peptide portfolio.
FINANCIAL HIGHLIGHTS
- SBI:
Raises ₹10,000 Cr via infrastructure bonds at 7.23% coupon rate.
- MCX:
Achieves highest-ever average daily trading volume in November.
ACQUISITIONS & PARTNERSHIPS
- PG
ELECTROPLAST: Signs exclusive manufacturing agreement with Spiro
Mobility for EVs and components.
- MakeMyTrip:
Acquires Happay Expense Management from CRED.
ORDERS AND CONTRACTS
- ASHOKA
BUILDCON: Wins ₹2,791 Cr order.
- ITI
LIMITED: Secures ₹95 Cr contract for digital transformation and
surveillance systems in Uttarakhand.
- RVNL:
Receives ₹295 Cr EPC contract from South Central Railway.
This Content Sponsored by Genreviews.Online
Genreviews.online is One of the Review Portal Site
Website Link: https://genreviews.online/
Sponsor Content: #genreviews.online, #genreviews, #productreviews, #bestreviews, #reviewportal
No comments:
Post a Comment