Market may open with a positive note tracking SGX Nifty.
9850-9870 will be the resistance zone for Nifty50.
🎯 News & Impact 🎯
Results Updates :
🎯 Coal India :
Net Profit At Rs 2,351.2 Cr Vs Rs 3,065.3 Cr (YoY).
Revenue At Rs 20,567.8 Cr Vs Rs 19,728.05 Cr (YoY).
🎯 BEML Scooters India :
The government is in advanced stage to appoint advisors for proposed strategic sales in state-run firms such as Scooters India, BEML, Pawan Hans Ltd. and Hindustan Prefab, to divest its entire or partial stakes to private sector players.
🎯 HUL :
CFO PB Balaji resigns.
🎯 Tata Motors :
appoints PB Balaji as CFO w.e.f November 15, 2017.
🎯 Reliance :
Govt slaps Rs 1700 crore penalty on Reliance.
RIL, BP to submit revised plan for KG-D6 gas finds.
The government has disallowed Reliance and partners to recover $264 million of cost of developing KG-D6 fields for 2015-16 as the output from the field fell short of the target.
🎯 Auropharma :
Auobindo, Intas in race for Tevas assets.
🎯 TVS Motor :
acquires 24% stake in online marketplace RentOnGo.
🎯 Tata Global Beverages :
Launch Himalayan mineral water in US.
🎯 ONGC :
ONGC eyes doubling gas production in 5-6 Years.
🎯 Tasty Bite Eatables :
Mars Food has signed a definitive agreement to acquire Preferred Brands International.
🎯 GVK Power :
Weighed down by liabilities exceeding assets, accumulated losses, lenders classifying loan accounts as nonperforming, and auditors casting `significant doubt' on its survival, GVK Power & Infrastructure has renewed talks with potential investors for additional funds.
Cautious on stock.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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