Following SGX Nifty, Indian market will open flat to positive.
Asian markets across Japan, Korea and Australia were trading mixed in early morning trade as geopolitical risks rose and investors flocked to risk-free assets after US Secretary of State Rex Tillerson warned the strikes in Syria were a warning to other nations, including North Korea.
👉🏻 US stocks ended lower as investors grappled with a weaker-than-expected job report, and escalating geopolitical tensions. Later according to a news report released on Friday, Russian warship headed Friday to the area in the eastern Mediterranean where the two US Navy destroyers that launched 59 cruise missiles into Syria were stationed. These situations may add more uncertainty and pessimism.
👉🏻 All eyes are set on the corporate earnings season, which will commence next week. IT major Infy is scheduled to announce its Q4 earnings on Thursday, April 13.
👉🏻 The industrial output data, IIP for February is scheduled to be released on Wednesday, April 12 after market hours. Industrial production bounced back in January expanding by 2.7 % year-on-year mainly due to better performance by the capital goods segment, a barometer of investment activities.
👉🏻 The government will also announce monthly inflation data based on consumer price index (CPI) for March 2017 on Wednesday. The all-India general CPI inflation increased to 3.65 per cent in February 2017, compared to 3.17 per cent in January 2017.
👉🏻 Oil traded to an almost one-month high after a US missile strike on a Syrian airbase.
🎯 News & Impact 🎯
🎯 Maruti Suzuki :
Annual Production Figures at 1,53,868- Mar17 vs 1,39,516 -Mar16. 👍
Maruti Suzuzki shifting to safer vehicles , plans to consolidate more models.
🎯 Prakash Industries :
Q4 Production Up 16.7% at 1.7 Lk T, Sales Up 19.5% At 1.69 Lk T (YoY). FY17 Production Up 13.4% At 6.15 Lk T, Sales Up 14.9% At 6.10 Lk T (YoY). 👍
🎯 Religare Enterprises:
The company on Sunday announced it will sell its entire 80 per cent stake in Religare Health Insurance to a consortium of investors led by private equity fund True North Managers for an estimated Rs 1,040 crore. Positive for the stock. 👍
🎯 Neuland Laboratories :
Co. said the US health regulator has made two observations at its manufacturing facility in Hyderabad.
🎯 NTPC & REC:
State-run NTPC Ltd. and Rural Electrification Corp. Ltd. will raise about $1 billion through bonds in the UK this fiscal year ending March 2018, power minister Piyush Goyal said on Friday. 👍
🎯 RCom :
The company is learnt to have sacked nearly 380 employees for below-par performance, and 260 more are seen to be in the line of fire.
👉🏻ICRA revises ratings to BBB and A3.
🎯 NLC India - GMR :
NLC shortlists GMR, Ind-Barath power projects for acquisition. Shortlisted projects are GMR Groups 1,370MW coal power project in Chhattisgarh. Positive for GMR. 👍
🎯 L&T :
Appoints AM Naik As Non-executive Chairman For 3 Years From Oct 1. And Appoints SN Subrahmanyan As CEO & MD From July 1.
🎯 Cosmo Films :
Co. setting up factory for Specialized Polyester Film at Aurangabad with capacity of 36,000 MT per year, With investment of 250cr.
Approves Setting New Production Line For Specialized Polyester Films. New Line With Capacity Of 36,000 mt/year Will Need Investment Of ₹250 Cr. 👍
🎯 NSE New Listings -
Poddar Housing, Anjani Portland Cement.
🎯 Corporation Bank :
Crisil withdraws rating on Certificate of Deposit Programme.
🎯 Divis Labs :
US FDA exempts some more products manufactured at Unit-II, Visakhapatnam from Import Alert. 👍
🎯 Madhucon projects :
Receives LOA valued at Rs.173cr, Rs. 317cr and 166cr on EPC mode.
🎯 Apollo Tyres :
Commences Production at manufacturing facility in Hungary. 👍
🎯 Kotak Mahindra Bank :
Kotak Infrastructure Debt Fund gets RBI approval for NBFC. Positive for the stock. 👍
🎯 Speciality Restaurants :
Opens new 'Gong-Modern Asian ' restaurant at Pune.
🎯 Iran set to cut benefits on Oil sales to India's IOC, MRPL. Negative for OMCs.
🎯 Cairn India :
Gets fresh demand notice of ₹10247 from tax department.
🎯 Central Bank:
To Consider Entire IPDI Capital Of ₹583 Cr Held By Govt To Equity On Apr 12.
🎯 NMDC :
Total Production Up To March 31 At 34.03 mt, Sales At 35.62 MT.
🎯 Syndicate BANK :
Cuts Base Rate By 10 bps To 9.5%, Keeps MCLR & BPLR Unchanged From April 10.
🎯 Brigade :
Brigade Group announces launch of Brigade Buena Vista.
🎯 Bank Of Maharashtra :
Sets Overnight MCLR At 8.55%, 1-year At 8.75% From April 7.
🎯 Shankara Building :
Nominee Director Siddhartha Mundra Has Resigned w.e.f April 7.
🎯 Strides Shasun :
Achieves closure of Perrigo's US FDA approved API facility in India. 👍
🎯 Indiabulls Ventures :
Preferential issue of 3.8cr shares at Rs.58 to Cinnamon Capital.
🎯 Satin Credit Care :
Issues 6.58 lk warrants to Promoter at 455/share and 15 lk preference shares to ADB at 416/share.
🎯 Anshus Clothing :
BM on 21st April to wind up operations.
🎯 Seamec :
Completes contractual engagement.
🎯 Indo Rama Synthetics :
CEO retires
🎯 Sobha :
Promoter sells 4,000,000 shares.
🎯 NIIT :
CEO Rahul Keshav resigns.
🎯 Gopala Polyplast :
Allots 5,00,000 warrants at Rs.60 to non-promoters.
🎯 Bhushan Steel :
Gets S4a ready , submits final proposal to banks.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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