1st September, Opening Bell

Market has opened at flat note with a positive bias backed by positive stance by global markets.
9950 is the strong resistance for Nifty50 to travel towards new highs.
Focusing on India's GDP, the numbers were disappointing but market must have discounted with the hope of India growth story years later.

India’s economic growth unexpectedly slowed to 5.7% in the June quarter, the slowest pace in three years, underlining the disruption caused by the uncertainty related to the rollout of the goods and services tax (GST) even as the Indian economy is struggling to recover from a shock demonetisation.

A survey of economists by Reuters saw GDP growth picking up by 6.6% in the June quarter. The gross domestic product grew 6.1% in the preceding three months

🎯 News & Impact 🎯

🎯 Aditya Birla Capital listing today.

🎯 Dr Reddy's Labs :
Dr Reddy's Labs settles long pending patent litigation with Vivus.

🎯 Strides Shasun :
Stride Shasun subsidiary Arrow Pharma acquires Amneal Pharmaceuticals for a consideration of AUD 17 million.

🎯 ABB India :
ABB to install solar inverters at 750 railway stations in India.

🎯 NTPC :
LIC increases stake in NTPC to 14.24 % from 11.16 %.

🎯 Indian Hotels :
Indian Hotels plans to open seven hotels in the next two years as part of its expansion plans going forward.

🎯 BhartiAirtel :
it has fully acquired Tikona Digital Networks' share capital.

🎯 Tech Mahindra :
Tech Mahindra is expanding the share of business it can target both within a particular client and cross customers with its use of automation pilots and its in-built automation platform.

🎯 Alembic Pharma :
Company has received EU GMP certificate for the audit conducted at its Formulation Facility at Panelav from August 8 to August 10.

🎯 Rane Holdings :
Acquires of 70 % shareholding in Telematics 4U Services Private Limited (T4U).

🎯 Genus Power :
Relaince MF purchases 15 lakh shares in the company.
Already holds 1.2 crore shares.

🎯 Welspun Enterprises :
Receives letter of award from NHAI for highway project in Bihar.
Company will develop the project stretch of 8.15 km at a bid project cost of Rs. 1,161 crore.

🎯 Just Dial :
Company buys 9.5 lakh shares through buyback at Rs.390 per share.

🎯 India Overseas Bank :
Bank says capital infusion of Rs. 1,100 crore by GOI.

🎯 Shankara Building Products :
Company starts new processing facility and relocates one of its existing facility.

🎯 CCL Products :
CCL Products gets approval for setting up of freeze dried instant coffee manufacturing unit at Chittoor District, Andhra Pradesh.

🎯 IRB Infrastructure :
Board has approved the proposed sale of IRB Pathankot Amritsar Toll Road (IPATRL) to the IRB InvIT Fund (the 'Trust'), at an enterprise value of Rs.1,569 crore.

🎯 Aarvee Denim :
Porinju Veliyath buys 1.81 lakh shares of Aarvee Denim at Rs.36 per share.

🎯 VRL :
Reliance MF buys 20 lakh shares at Rs.340 per share.

🎯 Gravita India :
SBI MF buys 7.9 lakh shares at Rs.114 per share.

🎯 Bharat Financial :
Bharat Financial completes a securitisation transaction of Rs.243.77 crore.

🎯 Hatsun Agro :
Hatsun Agro obtains shareholder approval to raise funds upto Rs.500 crore via QIP.

🎯 V-Guard Industries :
V Guard industries has acquired 74 % equity shares of GUTS Electro-Mech Limited,vide share purchase and subscription agreement dated August 31, 2017.

🎯 Vijaya Bank :
Vijaya Bank raises Rs.699 crore via QIP.

🎯 Emami :
Board approves raising funds for future expansion or acquisition upto Rs.250 crore through various means.

🎯 Indian Bank :
Indian bank plans FPO of around Rs. 1,400 crore by year-end.

🎯 Havells :
Havells Group buys minority stake in Campus Activewear.

🎯 IDFC :
Sembcorp to buy out 28 % IDFC's stake in Sembcorp Green Infra.

🎯 Idea Cellular, Bharti Airtel :
Telecom companies may get more time for spectrum payments.

🎯 Jaiprakash Associates :
JPAssociates to complete sale of Bhilai plant at year-end for an enterprise value of Rs 1,450 crore.

🎯 Nandan Denim :
Nandan denim promoter Vedprakash Chiripal acquires 35,000 shares of company open market.

Edited by Sharp.
© Sharp Investment & Financial Advisers.