Morning brief 15th Mar. 2017

Indian market will open on a positive note today. 9140 & 9225 will be the resistance levels ahead.
Asian markets were trading lower in morning trade as investors stayed cautious awaiting the outcome of several central bank meetings later on Wednesday. Hang Seng, Nikkei and Shanghai were trading lower by 0.45 per cent, 0.31 per cent and 0.14 per cent, respectively. Dow & Nasdaq closed in red with 85 & 41 points respectively.

🎯 News & Impact 🎯

🎯 Coal India: 
Boards of three subsidiaries of state-run Coal India have slashed valuations of the shares of these companies by at least 75 per cent over the values declared earlier this month. The earlier valuations, according to the merchant banker of the listed monopoly miner, did not reflect the true valuation of either the subsidiaries or the parent. 

🎯 Tata Steel, Wipro: 
Tata Steel & Wipro have been named in the list of world's most ethical companies by American think tank Ethisphere Institute. 

🎯 WIPRO :
Gets 12-yr Contract From NHS Scotland To Develop Next Gen eMPI Solution.👍🏻
Co Has Partnered With NextGate For NHS Scotland Contract.

🎯 Tata Chemicals :
Got Notice From Central Pollution Control Board To Shut Haldia Plant On March 11. 👎🏻Notice From CPCB To Shut Ops Due To Alleged Non-Compliance Of Norms
Order From CPCB Based On Analysis Of Samples Drawn On Jan 9. Samples Drawn On Jan 9 By Co Show Compliance With Norms.

🎯 Hathway Cable : Get Shareholder Nod To Demerge ISP Biz to Hathway Broadband. Gets Shareholder Nod To Sell/Transfer Cable TV Biz To Hathway Datacom.

🎯 Food Minister Says:

ISMAs Sugar Output Estimates Misleading.

No Plan To Cut Sugar Import Duty For Now. 👎🏻 for sugar stocks.

Support Imposition Of Wheat Import Tax.

🎯 CPSE ETF FFO 2 to commence from 15 March.

🎯 Rasoi resumption of trading & consolidation from Rs10 to Rs200 per share.

🎯 Talwalkars signed MoU to acquire 50.01% stake in Force Fitness India.

🎯 Fairchem Speciality to convert 1.11cr CCPS into 1.11cr equity shares.

🎯 Bank of Baroda approved issue of NCDs worth ₹500cr with green shoe option of ₹500cr.

🎯 BBTC approved issue of NCDs worth Rs150cr

🎯 IndusInd Bank to acquire 100% stake in ILFS Securities Services. 👍🏻

🎯 L&T executed SPA to sell stake in L&T South City Projects for Rs190cr. 👍🏻

🎯 Apollo Tyres gets shareholder approval for QIP.

🎯 Rupa enters into agreement with Fruit of the Loom.

🎯 Engineers India BM on 20 March to consider buy back proposal.

🎯 NMDC Feb sales of 32.33MT vs production of 30.33MT.

🎯 CKP Group to acquire Diamond Power and infuse 1200 cr.

🎯 Renew ma acquire 49% in Inoxs wind power project. 👍🏻

🎯 Blue Star to shelve Jammu poroject if state refuses CGST refund.

🎯 Amtek Auto founder Arvind dham in talks to sell personal assets to reduce debt. 👍🏻

🎯 Spice jet to rent planes for udan flights. 👍🏻

🎯 Godrej Consumer: Increase Stake In Weave Senegal To 100% From 51%.

🎯 Asian Star: Acquires 1.67 Cr Shares Of Indian Commodity Exchange At `5/Share.

🎯 V-Guard ex date for 2:5 bonus issue.

🎯 KP Energy ex date for 1.5:1 bonus issue.