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Posted on  November 19, 2020 under  by Team Lakshmishree

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TCS Records over Buybacks

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TCS

TCS on its record-setting date for buyback as November 28

Tata Consultancy Services, in its latest filings to exchanges, said that members of the Company have approved the Buyback by passing a special resolution through postal ballot.

 American Pharma Giant Pfizer says the final data analysis shows that its COVID-19 vaccine is 95% effective and reports consistent outcomes across all ages, races, and ethnicities. It will apply to the US FDS for emergency use authorization in the next few days.

Festive cheer for Hero Moto

HERO Motorcorps

Hero Moto corp reports strong retail of 14 lakh units in 32 days festive season. The auto has come back into fashion so we saw M&M up 10% yesterday, there was delivery buying of 400 crores in Maruti and today the strong retail from Hero Moto corps will definitely be a sentiment boost but don't forget domestic institutions continue to sell DII’s so to have sold 2,790 crores.

Mortgage Delivery

Mortgage

Mortgage applications to purchase a home jumped 4% last week and rose 26% annually, despite refinement as applications being down slightly for the week, they made nearly 100% higher annually.

FAA clears Boeing 737 MAX  to fly  again after 20 months of grounding.

Target shares moving higher after crushing the third quarter estimate. 

The retailer shopping habit during the pandemic has changed.

Targets deliver blow out Q3, digital sales grew 155%.

SGX NIFTY

SGX Nifty

Sensex & Nifty though ended at record highs on the third straight day yesterday.

 The midcap index was at 26 months high and the Nifty ended at a 9 month high.

There were 700 crore delivery volumes in SBI yesterday.

COVID-19 Updates

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COVID-19

New Delhi saw 133 new fatalities, the highest single-day count to date which can dampen the economy. Asian market declines as rising in Covid cases, global  Covid Cases continue to raise the total now of about 5.65 crore mark.

The SGX Nifty Conclusing today clearly indicates after a very heady run the market could be in for some profit-taking today.

Written by Team Lakshmishree

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