31st March, Morning Brief

_*31st March, Morning Brief*_
Market may open flat to negative as SGX Nifty was trading 11 points down at 9,183.50.

🎯 *News & Impact* 🎯

🎯 NSE indices changes

*Indiabulls HFL & IOC* are replaced ~BHEL & Idea~ in Nifty 50 Index. 😳

🎯 *IDFC Bank* replaced ~Bank of India~ in Nifty Bank Index.

🎯 Introduction of Futures & Options Contracts on 15 additional securities

🎯 South Indian Bank, Canara Bank listing of rights issue.

🎯 Listing of CL Educate

🎯 *Powergrid Corporation*: The company on Thursday approved investments worth Rs.429 crore.

🎯 *L&T*:
Larsen & Toubro (L&T) announced on Thursday that it has won new orders worth Rs. 4,000 crore from the hydro carbon sector.

🎯 *Zensar Technologies*:
The company said it would buy Keystone Logic for about Rs. 132 crore as it looks to build its digital commerce capabilities. The IT firm's chairman said more acquisitions were on the horizon. 

🎯 *Bharti Infratel, Idea Cellular*:
With two deep-pocket investors KKR and Canada Pension Plan Investment Board (CPPIB) on board, Bharti Infratel is eyeing Vodafone Plc's 42 per cent stake in Indus Towers -their three-way joint venture with Idea cellular, said two people familiar with the development. This could be followed by Idea divesting its stake to Infratel as well. 

🎯 *Vedanta*:
Anil Agarwal's flagship company Vedanta on Thursday approved a second interim dividend of Rs. 17.7 a share for FY17, following the example of record payouts by group company Hindustan Zinc. 

🎯 *SBI*:
The State Bank of India has raised $500 million by selling bonds to overseas investors seeking to tap cheaper money before US Federal Reserve increases the rate adding to the borrowing costs globally. 👍🏻

🎯 *NTPC*:
The company on Thursday informed bourses that 60 MW capacity (4x65 mw) of Bhadla Solar PV Project at Bhadla, Rajasthan is declared on Commercial Operation w.e.f. 00:00 hrs. Of 25.03.2017.

🎯 *JSPL*:
Board Approves Issue Of 4.8 Cr Warrants To Promoter Group On Pref Basis. Board Approves Issue Of 14.2 Lk Equity Shares To Nalwa Steel.

🎯 *Mukand* :
Entered JV with Sumitomo Corp, Japan 🇯🇵. JV With Sumitomo For Biz Of Rolling, Finishing Of Alloy Steel. JV To Be Undertaken By Mukand Alloy Steels. Sumitomo Corp To Acquire 49% In Mukand Alloy Steels.

🎯 *Vikas WSP*:
EGM On April 21 To Consider Issue Of 5.1 Cr Shares To Qualified Investors At ₹10/Share. EGM On April 21 To Consider Issue Of 1.7 Cr Shares To Promoters At ₹10/Share.

🎯 *MIRC Electronics*:
The National Company Law Tribunal Mumbai Bench has approved the Scheme of Amalgamation between Akasaka Electronics with MIRC electronics.

🎯 *Indo Count* :
ICRA assigns rating of ICRA AA- and ICRA A1.

🎯 *Central Bank of India*: CRISIL downgrades rating from AA- to A. 👎🏻
Approved capital raising by conversion of IPDI capital of Rs. 583cr into equity shares. 👍🏻

🎯 *Bank of India*: Shareholders approved referential issue to LIC at Rs. 116.81 per share. 👍🏻

🎯 *Union Bank of India*: Issued NCDs worth Rs. 750cr.

🎯 *Godrej Properties*:
To develop residential property in Pune.

🎯 *Dilip Buildcon*:
Gets completion certificate for MP project & Gets order worth Rs.503.1cr by NHAI in AP.

🎯 *Cadila Healthcare*: Acquired all shares held by 4 of its overseas subsidiaries. 👍🏻

🎯 *Vista Pharma* Approved issue of 18lk equity shares 44.5lk warrants to promoters.

🎯 *Kalpataru Power & JMC Projects* :
JMC Projects secures orders worth over Rs.1058cr. 👍🏻

🎯 *Future Market Networks*:
Enters into SPA with Olive Commercial for sale of 100% stake in Naman.

🎯 *HIL*:
Commencement of Commercial Production of Coloured Coated steel sheets at Balasore Plant. 👍🏻

🎯 *Century Plyboards*: Commencement of commercial Production- Purbanchal Timber Industries. 👍🏻

🎯 *Power Grid*:
Approved investment of Rs.430cr.

🎯 *HPL Electric*: Commencement of Commercial Production at Assam plant. 👍🏻

🎯 *Bharti Infratel*:
Eyes Voda, Ideas indus stakes to ring in mega consolidation.

🎯 *HDIL , Oberoi realty, godrej property, sunteck realty, man infra* in focus: Property prices in Mumbai might rise due to 1% surcharge.

🎯 *MTNL*:
To invest ₹400 cr to set up 1800 towers.

🎯 *TATA Motors*:
Trouble at sanands plant in Gujarat continues.
Board Approves Merger Of Unit, TML Drivelines With Co.

🎯 *Zuari Agro, RCF, National fertilisers, Coromandel, GSFC, GNFC* in focus - Cabinet meet to discuss change in urea subsidy.

🎯 *Liquor Ban Case*:
SC Reserves Judgment On Liquor Vends Ban On National Highways. Breweries stocks will be benefited. 👍🏻

🎯 *IRB Infrastructure*: Board Approves Acquiring Remaining 34% In Unit, Aryan Investment.

🎯 *Vama Industries*:
Gets Order Worth ₹12.3 Cr From DRDO. 👍🏻

🎯 *Vipul Organics*:
Allots 7.9 Lk Equity Shares At ₹40 Each On Conversion Of Warrants.

🎯 *Satin Creditcare*: Approves Allotment Of Debentures Worth ₹35 Cr.

🎯 *MIRC Elec*:
Approves Amalgamation Of Akasaka Electronics With Co.

🎯 *Phoenix ARC*:
Buys ₹1,800-2,000 Cr Of Loans From South Indian Bank (Phoenix ARC Is Owned By Kotak Mahindra Bank).

🎯 *Udaipur Cement*:
Allots Redeemable Preference Shares Of ₹6 Cr To JK Lakshmi Cement.

🎯 *Century Ply*:
New Unit, Purbanchal Timber Ind Commences Commercial Production.

🎯 *Bharat Fin*:
Assigned Pool Of Receivables Worth ₹192.58 Cr To A PSU Bank. 👍🏻

🎯 *Power Grid*:
Approves 3 Investments Worth ₹429.2 Cr.

Edited by Sharp.
©Sharp Investment & Financial Advisers.