23rd Aug, Morning Brief

Market will open on a positive note as SGX Nifty is trading 19 points up. Global markets also remained positive.
For Nifty50, taking support at around 9770 and braced its upper side at around 9850.

🎯 News & Impact 🎯

🎯 Nestle India :
LIC has acquired 40,000 shares Nestle India (0.41%).
Total holding has gone up to 5.01 %.

🎯 Indian Hotels :
Gets Shareholder Approval For Private Placement Of NCDs.

🎯 DLF :
DLF to Review Status Of Proposed Sale Of DLF Cyber Citys CCPS To GIC Affiliate.

🎯 Alkem Labs :
Alkem Labs Gets US FDA Nod For Rhinitis Drug, Azelastine Hydrochloride Spray.
Positive for the stock.

🎯 SML Isuzu :
ICRA, on an annual has reaffirmed the long-term rating for Line of Credit at 'AA' and short term rating for Line of Credit and Commercial Paper/ Short Term Debt programme at 'A1 '.
Positive for the stock.

🎯 Shriram Transport Vehicle Finance : Allotment of NCDs worth 25cr (250 Debentures of FV 10,00,000) on private placement basis.

🎯 Subros :
Subros has raised Rs.50 crs by way of NCDs.

🎯 Balaji Telefilms :
Company approves selling 25% stake to RIL.
Positive for the stock.

🎯 M&M :
Luxury car cess, Oridnance on cabinet agenda today.

🎯 Shoppers Stop :
Company will sell food, books online also.
Positive for the stock.

🎯 Reliance :
Reliance Industries mulls entering power storage business with BP.
Positive for the stock.

🎯 L&T :
Company to focus on infra defence sectors.
Positive for the stock.

🎯 BEL :
Seeks Shareholder Nod For 1:10 Bonus Share Issue.
Positive for the stock.

🎯 NTPC :
Seeks Shareholder Nod To Raise Rs.15,000 Cr Via Bonds Or Debentures.

🎯 Fortis Healthcare :
Rakesh Jhunjhunwala's Wife Rekha Buys 45 Lk Shrs Of Fortis Healthcare.

🎯 Infosys :
Founder NR Narayana Murthy will talk to investors and analysts in a conference call arranged by broker Investec India on Wednesday evening.

🎯 Bajaj Electricals :
 Company said it is eyeing a turnover of Rs.5,000 crore this fiscal, while aiming to double it in the next four years.

🎯 Hindustan Copper :
Company is looking to invest around Rs 5,000 crore over the next four years as it makes a strategic shift to value-added products and ramps up mine capacity three-fold.

🎯 Healthcare Global Enterprises : 
HCG, a Bengaluru-based chain of specialised cancer care centres, plans to set up a dozen new hospitals over the next 18 months.

Edited by Sharp.
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