8th June, Morning Brief

Market may open positively tracking SGX Nifty.
Yesterday, market ended on a positive note after the RBI kept the REPO rate unchanged at 6.25 %, mostly in line with expectations. 

The Nifty50 formed a ‘Doji’ pattern on the daily chart. It shows the possibility consolidation unless it gives breakout above 9710. A support can be considered at 9470-9500 levels.

🎯 News & Impact 🎯

🎯 Cyient :
The company announces expanded strategic relationship with United Technologies Corp.
Positive for the stock.

🎯 Biocon :
Biocon fixed 17th June as record date for Bonus Equity Shares.
Positive for the stock.

🎯 Reliance Capital :
Rel Capital Approves Listing Of Reliance Nippon Life AMC.
Reliance Nippon Life AMC Plans To Dilute 10% Stake In The First Tranche

🎯 Tata Power :
ICRA downgrades Tata Power to AA- from AA.
Cautious over the stock.

🎯 Amtek Auto :
BM on 3rd June to consider issue of shares of preferential basis.

SEBI approves Asian Star's acquisition of 5% Equity Shares in Indian Commodity Exchange Limited

🎯 Indiabulls Ventures :
IB Ventures commences Consumer Finance Business, Net worth increased to 1000 crore.

🎯 Edelweiss :
Edelweiss issues its maiden unsecured Perpetual Bond aggregating to Rs 300cr

🎯 Healthcare Global :
HC Global launches 125 bed cancer centre in Nagpur.

🎯 Tata Communications :
A safety device to alert a company when its women employees reach home using the company cars is just one of the Internet of Things (IoT) devices that Tata Communicationsis working on. The company plans to launch a staggering 50 million such devices by 2022, with the aim of capturing 10-15 per cent of the market that has about 150 million devices currently and is growing 28 per cent annually. 
Positive for the stock.

🎯 Zensar Technologies :
Zensar sets up R&D centre in Pune campus , Plans one in US.

🎯 Reliance Communications :
Reliance Communications on Wednesday rejected the latest ratings downgrades by Moody’s and Fitch done a day earlier.

🎯 Kotak Bank :
Kotak Mahindra Bank to riase 5k cr to shore up capital.

🎯 PFC :
Power Finance plans foray into T&D space.

🎯 Piramal Enterprises :
Piramal enterprises to extended funds 1100cr to Embassy group.

🎯 Gujarat Pipavav :
Gujarat Pipavav Ports put up for sale by APM terminals.

🎯 Coal India :
The company is looking to diversify its operations in the face of long-term uncertainty for coal because of the government’s thrust on renewable energy and considering entering mining of metals and minerals. 
Positive for the stock.

🎯 M&M :
M&M Says Mahindra Vehicle Sales Now Subsidiary Of Mahindra Automotive North America.

🎯 Petronet LNG Ltd. :
GDF International will sell its entire 10 percent stake in India's Petronet LNG Ltd in block trades on Thursday for up to $512 million.

🎯 IOC, BPCL, Hind Petro :
Sources Say Dynamic Pricing For Petrol & Diesel Likely To Be Introduced In 2nd Fortnight Of June.

🎯 Endurance Technologies :
Co. planning to expansion of alluminum die casting plant, to expand from 8161 MT to 12,250MT.
Current capacity utilization is 79.5%, To invest 9.1cr, All financing from internal accruals.

Edited by Sharp.
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