28th Sept, Morning Brief

Market may open on flat to negative note as SGX Nifty is trading 16 points down.

Yesterday, Nifty closed just above its 100 days' EMA which stands at 9715 and recent lowest closing made on 11th Aug. was 9710. So hopefully Nifty may take support around 9680-9710 zone. Failing to take support here may open doors to fall it to 9440.

🎯 News & Impact 🎯

🎯 ONGC :
ONGC may look at selling its existing stake in other Public Sector Undertakings (PSUs) and the Government is planning to allow private firms to take majority stake in ONGC's Bombay High.
Positive for the stock.

🎯 GE Power India :
GE Power India has been awarded a contract worth approximately Rs.327.5 crore by Doosan Power Systems India to supply 4 units of 660 MW Electrostatic Precipitator (ESP) for supercritical power projects of UP Government

🎯 Religare Enterprises : 
Promoters of Religare Enterprises and two of their companies have told the Delhi High Court that sale of the firm's health insurance business is not expected to happen until 2018. 

🎯 Kajaria Ceramics : 
Westbridge Crossover Fund on Wednesday sold 18.8 lakh shares or 1.2% stake in Kajaria Ceramics.

🎯 Cyient :
United Technologies Corporation's subsidiary Carrier International Mauritius on Wednesday sold 1.36 crore shares or 12.2% stake in Cyient at Rs 475.17 per share.

🎯 Ashiana Housing :
The developer has entered into a Memorandum of Understanding with a Pune based developer for development of a housing on 19 acres of land.

🎯 Sterlite Technologies :
Sterlite Technologies has launched a high-speed 5G ready network solution named FlashFWD at India Mobile Congress (IMC) 2017, being held in New Delhi, India. 

🎯 Andhra Bank :
The lender said it will revise its base rate to 9.55 % from 9.70 % with effect from October 1.

🎯 United Bank of India :
UBI says issue and Allotment of BASEL III Compliant Tier 2 Bonds for Rs.150.00 crore on private placement basis.

🎯 Powegrid :
Powergrid commissioning of 'WR-NR HVDC Interconnector for IPP projects in Chhattisgarh'.

🎯 Godrej Properties :
To Develop Residential Project In East Bengaluru.

🎯 PNB IndusInd :
Air India ties up with PNB & IndusInd for Rs.3250 cr of loan.

🎯 Jain Irrigation :
Mandala Rose Co-investment acquired 3.62 crore shares (7.26 %) in Jain Irrigation.

🎯 Deep Industries :
Deep Industries got an order worth Rs. 2.2 crore from ONGC.

🎯 FMCG stocks : 
The Government is proposing to stop cigarette and paan shops from selling consumer goods such as soft drinks, biscuits and candy.
Negative for the sector.

🎯 PSU banking stocks :
The government plans to give “growth capital” to performing state-run banks as it looks to encourage credit disbursement for private investment. 
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

27th Sept, Morning Brief

Market will open on a positive note as SGX Nifty is trading up.

Yesterday, Nifty index continued its selling pressure for the sixth consecutive session and retested the recent support of 9,820 zones and 9900-9910 would be immediate resistance zones.

🎯 News & Impact 🎯

Listing Today :
ICICI Lombard General Insurance.

🎯 IDFC, STFC :
IDFC Ltd and the Shriram Group have decided to abandon the merger plan worked out in July this year as shareholder pressure and dilution fears force them to examine a new, less complicated structure. 
Negative for the stock.

🎯 MCX :
Commodity derivatives markets (CDM) could see a deepening of participation within the next six months, with the regulator in advanced stages of permitting mutual funds and portfolio management service (PMS) providers to trade on the platform.
Positive for the stock.

🎯 Dabur India :
Homegrown FMCG company Dabur has signed an agreement with Amazon to sell its range of herbal and ayurvedic products in the US, Canada and Mexico. 

🎯 Allahabad Bank :
Introduces 2-tier Saving Bank Interest Rate With Effect From October 1.
3.5 % for below 40 lakhs and 4% for above 40 lakhs.

🎯 Sunpharma :
Halol Plant awaiting re-inspection by USFDA.
Cautious over the stock.

🎯 Divis Labs :
Unit 2 gets 6 observations.
Negative for the stock.

🎯 Blue Star :
Blue Star forays into Engineering facility management.

🎯 Reliance Power :
Reliance Power aims to achieve financial closure for its $1-billion LNG-fired power plant in Bangladesh by the end of 2017-18, and the company is also on the lookout for acquisition of assets in India. 

🎯 IDBI Bank :
IDBI Bank initiates Project Nischay in partnership with Boston Consulting Group.

🎯 JSW Energy :
Company to set up 4k cr e-vehicle plant in Gujarat.

🎯 NMDC :
NMDC to seek major investor in its first steel plant.

🎯 Edelweiss :
Board approves to raise 2000cr.

🎯 HUL :
HUL enters Ecomm business with premium tea and teaware.

🎯 L&T Finance :
L&T Finance puts 150cr in Pune housing project.

🎯 Reliance Industries :
RIL in talks to acquire Den networks for a valuation of 2000cr.

🎯 Monet Ispat :
PE big guns like TPG, blackstone in race for Monet ispat.

🎯 United Spirits :
Company settled Pioneer Distilleries case with SEBI.

🎯 Petron Engineering :
Company received order worth Rs.280 crore from JSW Steel.

🎯 MT Educare :
NCLT approves merger of subsidiaries of MT Educare.

🎯 APL Apollo Tubes :
NCLT approved merger with Lloyds Line Pipes.

🎯 Geojit Financial Services :
Approved Increase In Authorised Share Capital Of Co.

🎯 Wipro :
Company Partners With Cloudgenix Inc to Offer Open & Managed SD-Wan Services.

🎯 IDBI Bank :
Launches Project Nishchay W/Boston Consulting Grp To Accelerate Turnaround Programme.

Edited by Sharp.
© Sharp Investment & Financial Advisers

26th Sep, Morning Brief

Weakness could continue today also SGX Nifty is trading down.

🎯 News & Impact 🎯

🎯 Power Transmission & Solar Power Sector :
Government announced Saubhagya Scheme.
Positive for power, transmission, solar panels & LED manufacturing companies.

🎯 IOC, HPCL, BPCL :
Brent crude oil prices jump 3.8 % in Monday.

🎯 TV Today :
Kotak Mahindra International bought 4.25 lakh shares at Rs. 392.21 apiece in a block deal.

🎯 JK Lakshmi Cement :
Templeton Mutual Fund on Monday bought 10.93 lakh shares at Rs 387.5 per share. 

🎯 Abbott :
National Pharmaceutical Pricing Authority allows Abbott to withdraw Xience Alpine Coronary stents from India. 

🎯 Godrej Industries :
Godrej Agrovet sets IPO price band between Rs 450-460 per share.

🎯 JSW Holdings :
RBI says FIIs are not allowed to buy equity shares of JSW Holdings as their holding reached trigger limit.

🎯 Indiabulls Housing Finance :
The mortgage financier has sought RBI approval to raise foreign loan of Rs 5,000 crore as part of its Rs 45,000 crore fund-raising programme for the full year. 
Positive for the stock.

🎯 Thomas Cook :
To acquire Tata Capital’s wholly-owned subsidiaries Tata Capital Forex and TC Travel and Services.
Positive for the stock.

🎯 BHEL :
Company approved the proposals to issue bonus share 1:2 and a dividend Payout.
Positive for the stock.

🎯 Suntv :
Star India bagging the global IPL broadcast right will benefit all IPL franchisees including. SUN TV’s owns Sunrisers Hyderabad. 
Positive for the stock..

🎯 Novartis :
Buy back shares worth Rs.231.15 crore representing 12.26 % of the total paid up equity capital.

🎯 JK Paper :
Disruption at Odisha plant due to stoppage of water supply by local villagers.

🎯 Aditya Birla Capital :
In-principle approval by the RBI for wholly owned subsidiary of the company, to set up an asset reconstruction company (ARC).

🎯 Chennai Petroleum :
Company setting up of new 9 MMTPA refinery at Cauvery basin refinery.

🎯 Allahabad Bank :
Raising of BASEL III compliant additional tier 1 perpetual bonds aggregating to Rs. 100 crore through private placement.

🎯 Tata Motors :
JLR scouting for luxury brand acquisitions.

🎯 Edelweiss :
Edelweiss ARC revives Karaikal port, plans LNG terminal to monetize operations.

🎯 IOC :
IOC plans to expands Paradip refinery by 3-4 mt.

🎯 IDBI Bank :
IDBI Bank divests 1 % equity (53.2 lakh shares) in SIDBI.
Positive for the stock.

Edited by Sharp.
© Sharp Investment & Financial Advisers

25th Sep, Morning Brief

Market may open with a negative note tracking SGX Nifty.

The Nifty saw its biggest single-day fall in the last ten months and also gave the lowest daily close in last ten trading sessions.
Many experts expecting a short covering today.

🎯 News & Impact 🎯

🎯 Listing Today :
Capcacit'e Infraprojects.

🎯 Godrej Industries :
Godrej Agrovet IPO to be launched on October 4.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Amlodipine and Olmesartan Medoxomil Tablet.

🎯 Vijaya Bank & Dena Bank :
Keen on mergers.

🎯 Shoppers Stop :
An Amazon affiliate has agreed to buy a 5 % stake in the company for Rs.179 crore ($27.6 million) as a preferential share holder.
Positive for the stock.

🎯 GlaxoSmithKline :
Board had approved the sale of around 60 acres of company land in Thane to Oberoi Realty for Rs.555 crore. 
Positive for the stock.

🎯 Deepak Fertilizers :
Company plans to set up a brown field Iso Propyl Alcohol (IPA) plant, with high purity Diisopropyl Ether (DIPE) as co-product, at Taloja with an ISBL (Inside Battery Limit) investment of approx. Rs. 450 crores.

🎯 Essar Ports :
India’s second largest private port operator said its Rs 830 crore expansion plan to upgrade the iron ore handling capacity of the Vizag Terminal (outer harbour) from 12.5 MMTPA to 23 MMTPA is nearing completion.
Positive for the stock.

🎯 Lakshmi Vilas Bank :
BM on 27.09.2017 (Wednesday), to inter alia consider, evaluate and approve raising of funds through a Rights Issue.

🎯 IG Petro :
Board approves the expansion of the Phthalic Anhydride plant with a capacity of 53,000 MTPA at the existing location and to foray into the downstream products.

🎯 Manali Petrochem :
BM on 27th September 2017, inter alia to consider proposals for fund raising to meet the funds requirements of the Company.

🎯 Avanti Feeds :
Ind-Ra upgrades long term issuer rating to AA-/Stable.
Negative for the stock.

🎯 Bank of India :
Bank of India to Raise 500cr via QIP in 3rd quarter.

🎯 JSW Steel :
Company to bid with Aion Capital for Monnet Ispat sale.

🎯 Usha martin :
Company gets response from buyers for its wire rope business sale.

🎯 InterGlobe Aviation :
Grounds one more A320 Neo plane.

🎯 Indian Hotels :
Says Approved Issue Price Of Rs.75/Share For The Right Issue.

🎯 Visa Steel :
Company gets Shareholder Nod To Raise Limit For Investment By FIIs & NRIs In Equity Share Capital Of Co.

🎯 NDTV :
Shareholders had approved sale of its automobile e-commerce firm Fifth Gear Ventures to Autobyte Private. Also heard rumours that Ajay Singh taking over it.

🎯 Metal Sector :
Metal prices fell in global markets in response North Korea tensions and S&P's downgrade of China's credit ratings. 
Negative for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

22nd Sep, Morning Brief

Market likely to open on a negative note tracking SGX Nifty, down by 58 points.

Now 10180 is set as a milestone of resistance to look towards new high. Similarly 10060 around zone can be considered as an immediate support zone stretching down to 9990 as a strong support.

🎯 News & Impact 🎯

🎯 Listing Today :
Reliance Home Finance

🎯 IPO Updates :
SBI Life subscribed 57% on Day 2, closes today.

🎯 Cadila Healthcare :
Zydus Cadila has received the final approval from the USFDA to maket Itraconazole Capsules 100 mg. Used in fungal infections.
Positive for the stock.

🎯 InterGlobe Aviation : 
IndiGo's parent InterGlobe Aviation has raised nearly Rs 3,795 crore by selling shares to institutional investors, according to a regulatory filing.

🎯 Oil India : 
Oil India:Indian oil PSUs are mulling to acquire up to 20 % stake in an oil field belonging to Abu Dhabi National Oil Company (ADNOC) in UAE.
Positive for the stock.

🎯 KNR Construction :
KNR bags order worth Rs.884 crore to be completed in 18 months.
Positive for the stock.

🎯 Vivimed Labs :
The drug maker announced that its FDF manufacturing facility located in Jeedimetla, near Hyderabad inspected in August 2017 by the Ukraine ministry of Health, has been approved and accredited with GMP Certification effective September 2017.

🎯 Dabur : 
Dabur India has set up an online ayurveda marketplace with Amazon to strengthen its presence in the fast-growing space of ‘natural’ consumer products.

🎯 Tara Jewels :
Company won't be going ahead with issuance of preference shares to promoters and non-promoters as the company is in talks with international equity fund for infusion of funds.

🎯 KRBL :
ICRA has revised the long term rating on KRBL from AA- to AA.

🎯 Sunil Hitech :
Company allots 11.9 crore worth of warrants to promoters & non- promoters at Rs.14.43 per share.

🎯 Cox & Kings :
Cox & Kings owned MEININGER Hotels and a Swiss developer have signed an agreement for a hotel in Geneva with 104 rooms and 368 beds' capacity likely to open by 2020.

🎯 SPML Infra :
Board meeting on September 26 to consider issuance of optionally convertible debentures to lenders under S4a scheme.

🎯 A2Z Infra Engineering :
Board approves issuance of 8 crore equity shares to lenders as one time settlement.

🎯 Raunaq EPC :
CFO Shalesh Kumar resigned and has been relieved from the duties from September 20 itself.

🎯 RCOM :
Clear merger of Reliance Communications with SSTL in two weeks.

🎯 Indian Bank :
Indian Bank raises Rs.2,000 crore out of the Rs.5,000 crore approved by the board.

🎯 Bharti Airtel :
UIDAI lens on Airtel over opening payments bank a/c using eKYC.
Company gets shareholder nod for scheme of amalgamation with Telenor.

🎯 Indiabulls Venture :
Right issue of 3000 crores.

🎯 Safari Industries : 
The Board of Safari Industries (India) have approved to raise funds upto Rs.51 crore by way of preferential issue.

🎯 Tata Sons :
Tata group shareholders voted in favour of turning it into a private limited company.

Edited by Sharp.
© Sharp Investment & Financial Advisers

21st Sep, Morning Brief

Market will open on a negative note tracking SGX Nifty.

The Nifty moved in a narrow range throughout the trading session on Wednesday ahead of the outcome of FOMC meeting though it was factored in.

🎯 News & Impact 🎯

Listing Today :
Matrimony.com, Lasa Supergenerics.

🎯 Pharma Sector :
Drug pricing body reduces prices of 37 formulations.
Government looks to cap prices of more medical devices.

🎯 ITDC :
The Centre has decided to exit three ITDC hotels, including Jaipur Ashok, and hand them over to the state Govt. 
It also cleared disinvestment of ITDC's 51 % equity in Donyi Polo Ashok, Itanagar, in favour of Arunachal Pradesh.

🎯 Bank Baroda :
Merrill Lynch Markets Singapore Pte bought 7.55 crore shares of Bank of Baroda, representing 3.27 % Stake.

🎯 ICICI Prudential :
Prudential and ICICI Bank are looking to sell 6 per cent stake in newly-listed ICICI Prudential Life to bring down their stakes in the company and meet the minimum public holding norms of 25 %.

🎯 M&M :
Mahindra & Mahindra to acquire Turkey's fourth-largest tractor manufacturer, Erkunt Traktor Sanayii, and an associate company for an enterprise value of Rs. 735 crore) of $117 million.

🎯 Max Financial Services : 
Max Financial Services is in talks with the Aditya Birla Group to explore a merger of their life insurance businesses--Birla Sun Life and Max Life Insurance. 

🎯 ONGC :
Company plans to relinquish its coal bed methane (CBM) block in Raniganj, West Bengal, but is on course to produce gas from another CBM block in Bokaro in February.

🎯 Shoppers Stop :
Board meeting on September 23 to consider raising funds through issue of equity shares on preferential basis.
Board has approved execution of a commercial agreement with Amazon Seller Services Private Limited.

🎯 NBCC :
Gets letter of intent for Rs 3,200 crore project in Mumbai from Finance Ministry.
To develop a residential-cum-office complex in Mumbai.

🎯 Granules India :
To raise up to USD 39 million with upside option up to USD 54.5 million via QIP.
Floor Price ar Rs.121.25.

🎯 Reliance :
Reliance plans to expand capacity at Jamnagar oil refiner complex by 40 %.

🎯 JSW Energy :
Board has approved the raising of funds through the issuance of bonds / redeemable non-convertible debentures.

🎯 Mercator :
CARE revises rating on long term bank facilites to BBB from BBB

🎯 ITC :
ITC targets targets Rs. 65,000 crore revenue from packaged food division by 2030. 

🎯 BHEL :
Company eyes rail track electrification order.

🎯 L&T :
L&T looks at North Africa to offset hydrocarbon slip at home.

🎯 MEP Infra :
MEP Infra bags Delhi toll collection contract.

🎯 Unitech :
SC asks Unitech to pay compensation to 39 home buyers.

🎯 Pfizer :
Pfizer sues Johnson and Johnson for anti-competitive contracts.

🎯 Amtek Auto :
Creditors likely to meet soon.

🎯 Den Networks :
Den Networks gets NCLT nod for demerger of its broadband undertaking with its wholly owned subsidiary.

🎯 SMS Pharma :
SMS Pharma to mull proposal for JV with Chemo S.A. (Switzerland).

🎯 Novartis :
Novartis says to consider a proposal for buyback of company's equity shares.

🎯 Reliance Capital :
Company says Reliance Home Finance to list on stock exchanges on Friday.

🎯 Parsvnath :
SC instructs Parsvnath builders to pay interest at 10 per cent per annum to 70 buyers in Ghaziabad project.

🎯 Reliance Communications :
The first round of talks between Ericsson and Reliance Communications (RCom) have been inconclusive, with the Swedish equipment maker sticking to its stand on dragging the Anil Ambani group flagship through a bankruptcy process if not paid its dues, spelling more bad news for the telco's merger with Aircel. 

Edited by Sharp.
© Sharp Investment & Financial Advisers

20th Sep, 2017 Morning Brief

Market will open on a flat note as SGX NIFTY is trading down by 8 points.

The index which opened at 10,175.60 rose to a record high of 10,178.95 but bears took control of market, which pushed the index towards its intraday low of 10,129. It closed 5 points lower at 10,147.

Formation of a bearish candle after a bullish candle is a sign of caution and does not augur well for the bulls. But bulls managed to push the index higher as it closed 18 points off from its intraday low.

The important level to watch put is Mondays gap of 10115-10131 and a break below this gap could fuel selling pressure.

🎯 News & Impact 🎯

IPO Updates :

SBI life The Rs 8,400 crore IPO opens today.

ICICI Lombard IPO Oversubscribed 3 Times On QIB Support.

🎯 M&M :
Mahindra & Mahindra set to acquire big tractor company in Turkey.

🎯 IT Sector :
US Resumes Premium Processing Of H-1B Visas.

🎯 Telecom Sector :
Mobile Call Connection Charge Cut To 6 p/Minute From 14p Currently, Effective Oct 1.
Negative for the sector.

🎯 BASF :
Company to acquire Solvay's global polyamide business

🎯 Indian Hotels :
Rights Issue Committee Meeting will be held on September 22, 2017 to determine the price of the Issue.

🎯 ENIL :
Entertainment networks commences broadcast from its radio station at Jammu (98.3 FM) - acquired under Phase 3 auctions.

🎯 Omkar Specialty Chemicals :
Lasa Supergenerics to list on 21st Sept.

🎯 Surya Roshni :
Company has obtained orders through competitive e-bidding for LED Luminaire and LED Street Lights amounting to Rs. 48.60 crores for Supply of LEDs Luminaire in United Kingdom.

🎯 Tata Global :
Company has sold 1,04,80,000 Equity Shares each of Tata Chemicals.

🎯 GAIL :
LIC buys 3.4cr shares of GAIL.

🎯 JSW Steel :
Company in discussions to tie up with multiple partners for Bhushan Steel Bid

🎯 PVR :
PVR creates new premium sub-brand Premium Extra Large.

🎯 Bodhtree Consulting :
Company bags order worth Rs.100cr from Medical Council of India to cover 550 medical colleges in the country under the Digital Mission Mode Project II.

🎯 Cadila :
Cadila in pact with Russian firm for chickenpox vaccine.

🎯 Rostec inks pact with mylan labs for HIV drugs

🎯 Royal Hotels: 
Ashish Kacholia has sold bulk of his stake in Royal Orchid Hotel through a bulk deal on Tuesday . 

🎯 Adani Power :
Two Adani Power companies managed to secure a shade over one third of the total coal auctioned by Coal India under the Shakti scheme by offering discounts ranging between 1 paise per unit and 3 paise per unit over their existing tariffs.

Edited by Sharp.
© Sharp Investment & Financial Advisers

14th Sept, Morning Brief

Market to open on a flat note tracking SGX Nifty down by 17 points.

IPO Updates

Capacite Infra projects :
The IPO got 1.32 times subscription on Day 1.

🎯 News & Impact 🎯

🎯 IOC BPCL HPCL :
Oil minister Dharmendra Pradhan said The Government doesn't plan to intervene to check fuel prices. Worried that refining and marketing firms would have to sacrifice margins to cushion consumers.

🎯 India Cement :
NCLAT Has Passed Order Dismissing Appeal Filed By Minority Shareholders Of Trinetra Cement.
NCLAT Upholds NCLT Sanctioning The Scheme Of Amalgamation.
Positive for the stock.

🎯 IndiGo :
Board Finalised That The Issue Will Open & Close On The Same Day, Sept 15.

🎯 Jubilant Foodworks :
After reporting bugs in seasoning sachets, Company says, All Of Our Food Ingredients Are Safe For Consumption.
Co Maintains Strict Hygiene & Quality Standards For Its Products.
All Vendors & Manufacturing Units Are FSMS Certified.

🎯 RCom :
Ericsson Filed Petition Under IBC Provisions For Recovery Of Rs.491.4 Cr
NCLT Has Adjourned The Matter To Sep 26.
Company Intends To Challenge Petitions Filed By Ericsson India.

🎯 JP Associates :
The Supreme Court on Wednesday asked realty firm Jaiprakash associates to pay Rs.50 lakh as an interim relief to 10 homebuyers of its Kalypso Court project along the Noida-Greater Noida Expressway.

🎯 Tata Chemicals :
In Talks W/Indorama Hldgs For Potential Sale Of Phosphatic Fert Biz In Haldia.

🎯 HFCL :
Himachal Futuristic Communications Ltd. is no longer under the Corporate Debt Restructuring (CDR) mechanism.

🎯 Thermax :
Thermax Group bags export contract of USD 43 million.
Thermax wins first EPC power plant order in GCC region for Rs.275 cr.
Positive for the stock.

🎯 Coal India :
Coal India is planning to diversify into new mining areas although it believes the fossil fuel to remain as the primary source of power generation for at least the next two decades.

🎯 WPIL closes operations of UK Subsidiary

🎯 DCM :
CRISIL downgrades long term bank facilities to BB from BBB-
Negative for the stock.

🎯 BPCL :
BPCL to invest Rs1.08tn in 5 years to expand business operations.

🎯 Hindalco :
Hindalco looks to export alumina from Odisha unit.
Hindalco may prepay upto Rs1100cr debt this month.
Positive for the stock.

🎯 Lupin :
Lupin arm recalls 12,888 bottles of ulcer drug in US.
Lupin announced that it has received final approval for its Metronidazole Tablets USP, 250 mg and 500 mg from the USFDA to market a generic version of G D Searle LLC's Flagyl Tablets, 250 mg and 500 mg.

🎯 Bharti airtel :
Bharti Airtel partners Koreas SK Telecom for 5G and network augmentation.

🎯 Religare Enterprises :
Instituional shareholders move court seeking ouster of board.

🎯 JP Power :
11 buyers for JP Power.
Adani, Tata, JSW Energy show interest.

Edited by Sharp.
© Sharp Investment & Financial Advisers

11th Sep. Opening Bell

Market opened with a gap up in line with global cues.
Nifty has breached descending trendline on the up side and hovering near its resistance zone at 9980 - 10000. As mentioned earlier also, any sustaining above 10000 mark may open doors to the next levels.
The Asian markets have opened on a positive note as the investors digested headlines concerning developments out of the People's Bank of China and European Central Bank announced at the weekend.

🎯 News & Impact 🎯

🎯 IPO Watch :
Matrimony.com
Closes on September 13
Price band Rs 983-985 per share.

🎯 Jain Irrigation :
GST rates on irrigation equipment cut from 18 % to 12 %.

🎯 Cipla :
Gets tentative US FDA nod for HIV drugs, Efavirenz & Emtricitabine.
Gets tentative US FDA nod for HIV drug, Tenofovir Disoproxil Tablet.
Positive for the stock.

🎯 Auropharma :
Aurobindo Pharma gets US FDA nod for pelvic inflammation drug Metronidazole tablet.
Positive for the stock.

🎯 DCB Bank :
Pakistans Habib Bank to close NY office, pay USD 225 million fine for compliance failures.
Action against Habib Bank for infringing laws designed to combat illicit money transfer.
DCB Bank, Habib Bank have common promoter: Aga Khan Foundation.
Cautious over the stock.

🎯 SAIL :
The country's largest steel maker SAIL posted a 7% rise in sales to 5.5 million tonnes in the first five months of the ongoing fiscal, helped by production ramp-up. 

🎯 Page  Industries :
Innerwear brand Jockey India plans to double production capacity to 400 million pieces per annum in the next three years.

🎯 IL&FS Engineering
Gets letter from Paschimanhal Vidyut Vitran Nigam to terminate contract.
As per company, termination of contract is illegal.
Cautious over the stock.

🎯 Petronet LNG
India has renegotiated pricing of contract to import LNG from Australias Gorgon project.
Petronet LNG gets gas from Australia at double the spot price.

🎯 Automobile Sector :
Council increases cess on mid-size cars by 2 %
Council increases cess on big cars by 5 percent, SUVs by 7 %
Council maintains status quo on cess for small cars, 13-seaters & hybrid.
Effective from today.

🎯 Deep Industries :
Company has received letter of award (LOA) from ONGC for Ankleshwar asset extension worth Rs 2.6 crore.

🎯 Oriental Bank of Commerce :
OBC cuts one-year MCLR to 8.40 %.

🎯 Lanco Infra :
Lanco Infra has decided to exit its real estate investment to refocus on its core business.

🎯 Coal India :
Coal India to initiate long term supply contracts to supply 40mn tonnes under the Shakti scheme.

🎯 Bharti Airtel, Idea Cellular : Department of Telecommunications makes telecom gear testing must from October 2018

🎯 MCX :
Commodity futures - SEBI mulls lifting decade old ban on tur, urad futures.

🎯 Tata Chemicals, Tata Power :
Tata Sons to reduce cross-holdings in Tata Chemicals, Tata Power.

🎯 InterGlobe Aviation :
Eyes on wet lease to cash in on winter traffic.

🎯 Bharti Airtel :
Bharti Airtel in talks with handset firms for Rs 2500 4G smartphone to compete Jio.
Telecom Commission sources say Rs 3,100 crore from USOF Fund will be used to set up about 4100 towers for uncovered villages; contract has gone to Bharti Airtel.

🎯 Zee Entertainment :
Zee Entertainment eyes HD English movies with &Prive.

🎯 Future Enterprises :
Group looking to buyout Hypercity.

🎯 Century Textiles :
Company may explore merger with Grasim after sale of paper division.

🎯 Jyoti Structure :
Shapoorji Pallonji, SSG Capital plan joint bid for Jyoti Structures acquisition.

🎯 MF AMCs :
SEBI to reduce mutual funds scheme by half.

🎯 ONGC :
Company's gas production plan from KG basin may miss June 2019 deadline.

🎯 Pitti Laminations :
Company gets shareholder nod to reappoint Sharad B Pitti as chairman & MD.

🎯 Unitech :
SC declines bail for Unitech MD Sanjay Chandra for not delivering flats.

🎯 Idea :
Company says as directed by NCLT, shareholders, creditors to meet to consider amalgamation among Vodaafone Mobile Services, Vodafone India & Company on October 12.

🎯 SBI :
Sebi has rejected an application from a combo of State Bank of India and Onida's ex-promoters to register their ratings agency, Onicra, as the duo failed the market regulator's `fit and proper person' test.

🎯 Healthcare stocks :
CCI plans to carry out a detailed study on pharmaceutical and healthcare segments, including differential pricing ways, as it looks to identify areas that pose competition concerns.

Edited by Sharp.
© Sharp Investment & Financial Advisers

8th Sept. Morning Brief

Market will open flat to positive tracking SGX Nifty, up by 20 points.
Index should move above 10000 mark and should sustain above to see new levels on the horizon.

🎯 News & Impact 🎯

Forthcoming major IPOs :

🎯 ICICI Bank :
ICICI Lombard IPO price band fixed at Rs. 651-661/share.
ICICI Lombard IPO to raise up to Rs.5,700 crore.
19 percent shares on offer via ICICI Lombard IPO
Date - September 15 to Sep 19

🎯 SBI :
IRDA grants final approval to SBI Life IPO.
SBI Life is life insurance JV between SBI (70.1 %), BNP Paribas Cardiff (26 %), KKR & Tamasek (1.95 %).

🎯 Equitas Holdings :
Cinnamon Capital sells entire 4.89 % stake in company.
Morgan Stanley (France) S.A (P-Note) buys 3 % stake in company.

🎯 Biocon :
Biocon's insulin facility in Malaysia receives EU GMP compliance certificate. 
Malaysian facility one of Biocon's largest insulin units.
Positive for the stock.

🎯 TCS :
Tata consultancy services partners with GE to integrate intelligence into services data lake platform.

🎯 NBCC :
NBCC is in initial and informal talks with the Finance Ministry as well as lenders to Jaypee Infratech to complete the construction of 27 stalled residential projects in Noida and Greater Noida for over 30000 home buyers for those getting home is a dream.

🎯 Monsanto India :
Monsanto is selling its branded cotton seeds business in India to Hyderabad-based Tierra AgroTech.

🎯 Vaibhav Global :
CARE upgrades credit rating to A- from BBB for long term bank facilities.
Positive for the stock.

🎯 Punj Lloyd :
Company gets letter of award for construction canal work for total contract value of Rs.870 crore.

🎯 CCL Products :
FPI cap on CCL Products hiked to 40 %.
Positive for the stock.

🎯 Punjab Alkalies & Chemicals :
SEBI imposes Rs 2,423 crore penalty on PACL.
Negative for the stock.

🎯 IDBI Bank :
IDBI Bank seeks bids to sell 13.71 % stake in SIDBI.

🎯 Bank of Baroda :
BOB has put 275 commercial and residential properties across India on the block in a fresh attempt to clean up the bank’s books. Called a Mega e-auction.
Positive for the stock.

🎯 Idea :
Brookfield joins race to buy Vodafone & Idea Cellular stakes in Indus Tower.

🎯 Orient Green :
Orient Green, IL&FS wind energy merger talks hit a hurdle due to drop in wind energy tariffs.

🎯 UCO Bank :
UCo Bank to sell bad loans worth Rs. 2,420 crore from 27 accounts to asset reconstruction companies.

🎯 Bombay Dyeing :
Company sold a land parcel of 48.457acre for Rs.13.57 crore.

🎯 Vista Pharmaceuticals :
Vista Pharmaceuticals received EIR from USFDA for its formulation facility in Telangana.

🎯 Gammon India :
Gammon India announced that pursuant to the sale of shares of Gammon Infrastructure Projects by Gammon Power and Gactel Turnkey Projects (wholly owned subsidiaries of the Company) in various tranches in the open market, the company currently holds less than 51 % of shareholding in GIPL.

🎯 Bank of India :
Bank of India cuts marginal cost of lending rates to 8.3 %.

🎯 Sharda Motor :
Sharda motor filed petition against Toyo Sharda before NCLT

Edited by Sharp.
© Sharp Investment & Financial Advisers

7th Sep, Morning Brief

Positive opening expected backed by global cues.

Nifty50 to breach and sustain above 10000 mark for further rally.

🎯 News & Impact 🎯

IPO Watch :
Dixon Technologies subscribed 78 % on Day 1.
Bharat Road Network subscribed 22 % on Day 1.

🎯 Reliance :
Ex Bonus Today.
Reliance to acquire assets of Kemrock industries.
Positive for the stock.

🎯 Fortis Healthcare :
TPG, General Atlantic enter exclusive talks with Fortis to buy controlling stake. Delhi HC reserves its decision on Daiichi's claim against Singh brothers.
Positive for the stock.

🎯 Wipro :
Wipro bags 5-year IT applications management contract from Finnish Co, Outokumpu.

🎯 Eicher Motors :
Eicher motors closes in on Ducati; to make a binding bid of USD 1.8 billion.
Positive for the stock.

🎯 Hindustan Unilever :
The Rs 1000 crore personal care products unit of Hindustan Uniliver at Doomdooma in Assam on Wednesday began Commercial production.

🎯 GMR Infra :
Ministry of Environment & Forests approves Delhi airport Rs.16,000 crore expansion.

🎯 Punj Lloyd :
Punj Lloyd JV wins Rs.1,177 crore NHAI project in Myanmar.

🎯 L&T, IL&FS Transport :
Eight bidders qualify for Nagpur Mumbai project. Companies whose bids have qualified so far are Afcons Infrastructure, Navyuga Engineering, L&T, IL&FS Transport and China Construction Fifth.

🎯 NDMC :
NMDC to begin auction for Taj Mansingh.

🎯 Raymond :
LIC reduces stake in Raymond by 2 %.

🎯 Sasken Technologies : 
Sasken Technologies received NCLT nod for the merger of Sasken Network Engineering with itself.

🎯 Sicagen :
Sicagen India to acquire the remaining 40 % stake in Danish Steel.

🎯 Gujarat NRE Coke :
JM Financial ARC offers to buy out all outstanding loans of Gujarat NRE Coke.

🎯 Petronet LNG :
Petronet LNG to build LNG import terminal in Sri Lanka.

🎯 Hindalco :
Hindalco to expand Novelis US, China to meet auto demand.

🎯 Ruchi Soya :
Ruchi Soya sets up panel to explore restructuring options.

🎯 Indian Bank :
CARE Ratings have upgrades rating from AA stable to AA / stable of the bank's Basel III compliant additional tier 1 bonds.
Positive for the stock.

🎯 Asian Paints :
Company's subsidiary in Indonesia sets up API plant with a capacity of 5000 tons/annum.

🎯 HCL Tech :
Company announces strategic partnership with banking solutions provider Alpha Insight.

🎯 Avanti Feeds :
Company started commercial production of Shrimp processing and export at its new plant in Yerravaram.

🎯 Astec Life :
ICRA revises rating to A from A- for long term funds.

🎯 Vijaya Bank
Vijaya Bank revises MCLR rates.

🎯 NBCC :
NBCC signs agreement with health ministry for expansion of sports injury centre, Delhi worth Rs.464 crore.

🎯 Just Dial :
Sequoia Capital India cuts stake in company to 4.5 % from 9.62 %.

🎯 IRB invIT :
IRB INVIT Fund seeks shareholder nod for proposed acquisition of IRB Pathankot Amritsar Toll Road.

🎯 Aarey Drugs & Pharma :
Company seeks shareholder nod for sub-division of share.

🎯 Cipla :
Cipla promoters, relatives get into share transfer agreement.

Edited by Sharp.
© Sharp Investment & Financial Advisers

IPO Note - Dixon Technologies

Issue Open: Sep 6, 2017 - Sep 8, 2017.
Face Value: Rs 10 Per Equity Share.
Issue Price: Rs 1760 - Rs 1766 Per Equity Share.
Market Lot: 8 Shares 
Minimum Order Quantity: 8 Shares 
Listing At: BSE, NSE.
Expected date of Listing : On or before 18th Sept.

Dixon Technologies Incorporated in 1993, Dixon Technologies is engaged in manufacturing products in the consumer durables, lighting and mobile phones markets.
Portfolio of the manufacturing products are :

1. Consumer electronics like LED television panels.
2. Home appliances like washing machines.
3. LED bulb, tube lights, CFL bulbs etc.
4. Mobile phones.

Dixon is leading manufacturer of lighting products of CFL, LED bulbs, LED TVs and semi-automatic washing machines in India. Dixon manufacture products for popular retail brands including Panasonic, Philips, Haier, Gionee, Surya Roshni, Reliance Retail, Intex Technologies, Mitashi and Dish.

Dixon is also a leading Original Design Manufacturer (ODM) in India. Company develop and design products in-house at its R&D facility. The ODM business contribute over 25% of its revenue.

Company have six manufacturing facilities located in the states of Uttar Pradesh and Uttarakhand.

Ahead of its IPO, the company has already raised Rs.179.79 crore by selling shares to institutional investors from the so-called anchor book allocation include Steadview Capital Mauritius Ltd, DSP Blackrock, Kuwait Investment Authority, Goldman Sachs India Fund, Franklin Templeton Mutual Fund, HSBC MF, Nomura Funds, HDFC MF, Birla Sunlife MF, SBI MF, ICICI Prudential AMC and Kotak MF.
Motilal Oswal holding nearly 5% Stake in the company.

At the higher price band of Rs1,766, the stock is valued at 39.7 price to earnings (PE) on FY17 basis. 
Thus slightly overvalued. But the company recorded a revenue at a compounded annual growth rate (CAGR) of 34%, mainly due to a sharp jump in sales of the mobile segment. “EBITDA margin remains volatile owing to addition of low margin products and higher employee cost. DTL recorded net profit CAGR of 78% in FY13-17 owing to sharp sales growth. Lower capex requirement on assembling capacity has translated to higher asset turnover, which, in turn, drives the return ratios of the company.

We recommend to apply for the IPO.

© SHARP INVESTMENT & FINANCIAL ADVISERS

6th Sept. Opening Bell.

Market opened negatively due to sluggish global cues.

The Nifty50 reversed losses from the previous session and closed above its crucial resistance level of 9,950 on Tuesday. It made a Hammer kind of a candle on the daily charts and a pattern which resembles that of Bullish Harami.

Bullish Harami is a bullish reversal pattern and is made up of two candlesticks. It is characterized by a large black candle, followed by a small white candle. The white candle is contained completely within the previous black candle.

However, confirmation is still required for a trend reversal. At best, it does look like it might be a short covering move and any escalation on the geopolitical front could put further pressure on markets. A move below 9,861 could confirm end of a pullback rally.

🎯 News & Impact 🎯

🎯 IPO
Dixon Technologies :
Issue opens today, closes on September 8.
Price band Rs 1,760 - 1,766.

Bharat Road Network :
Issue opens today, closes on September 8
Price band Rs 195 - 205.

🎯 IGL, IOC, HPCL : 
Indraprastha Gas, Indian Oil-Adani Gas combine and Hindustan Petroleum-Oil India joint venture are set to win licences to distribute gas in one city each in the latest round of auction.
Positive for the stocks.

🎯 Bharat Financial :
Foreign shareholding through FIIs/FPIs in Bharat Financial Inclusion has reached the trigger limit.
Positive for the stock.

🎯 Just Dial :
HDFC MF buys 32.07 lakh shares, or 4.6 % stake in Just Dial at Rs.375 per share.
Positive for the stock.

🎯 Indigo :
Indigo may buy stake in Jet Airways if Air India bid fails.
Positive for the stock.

🎯 HDFC :
HDFC to raise Rs 2,000 crore via bonds today.

🎯 Merck India :
Merck India in focus as parent company Merck KgaA is considering selling its global consumer health business, including that of its publicly traded Indian unit Merck.

🎯 Dabur :
Zappfresh in talks with Dabur's Amit Burman, others to raise USD 5 million.

🎯 GDR manipulation :
Sebi bars 19 companies from securities markets, including K Sera Sera, Asahi Infrastructure, IKF Technologies, Maars Software, Avon Corporation.

🎯 HCL Technology :
HCL Technologies to acquire data automation platform Dataware.

🎯 ICICI Lombard :
SEBI gives go-ahead to ICICI Lombard General Insurance Company IPO.

Edited by Sharp.
© Sharp Investment & Financial Advisers

5th Sept. Morning Brief

Flat opening expected today.

On the daily chart, Nifty50 engulfed the bullish candle made on 1st Sept. But took support at 9860 and bounced back to close up above 9910.
10000 mark will be the next task to achieve for smooth Northward journey for Nifty50.

🎯 News & Impact 🎯

🎯 Reliance Capital :
Ex-date for demerger of Reliance Home Finance.

🎯 GMR :
NLC plans to buy GMR's Ind-Barath power projects.

🎯 Karnataka Bank :
Bank reduces One Year MCLR by 5 BPS.

🎯 TFCI :
Thomas Cook may buy IFCIs 26.09% stake in TFCI.

🎯 Bhushan Steel, Alok Industries - New investors (US Cerebrus, Pacific Alliance) scout for options in stressed assets

🎯 Raymond :
Gautam Singhania, father to meet to settle property dispute

🎯 Bank of Baroda :
NCLT allows Bank of Baroda's IBC plea against Amrapali Silicon City.

🎯 Suzlon, Inox Wind :
Anti dumping duty on Chinese castings used in Windmills for 5 years.

🎯 ONGC :
ONGC to raise Rs 25,000 crore.

🎯 Star Cement :
Company looks to invest Rs1000crs on clinker plants.

🎯 JSW Steel :
Odisha Mining Corporation open to sign a long term iron ore supply agreement.

🎯 NTPC :
Company sees to benefit of up to 10 paise per unit for discoms

🎯 Phoenix mills to expand presense in Benagaluru.

🎯 Hotel Leela :
Marigold Capital to acquire Leela ventures Chennai Hotel.

🎯 IRB :
IRB Infra starts toll collection, construction at Udaipur tollway.

🎯 Indian Overseas Bank :
Indian Overseas Bank allots 2.85 % stake to government on a preferential basis.

🎯 Supreme Holdings & Hospitality :
Supreme Holdings & Hospitality Seeks Shareholder Nod To Get Financial Assistance Worth Rs.225 Cr.

🎯 Piramal Enterprises :
Unit Piramal Housing Fin Gets Certificate Of Registration As A Housing Fin Co From National Housing Bank.

🎯 Monnet Ispat & Energy :
Company Seeks Shareholder Nod To Reappoint Sandeep Jajodia As Chmn, MD & CEO.

🎯 PNB :
PNB Metlife may well be the fourth life insurance company to list on stock exchanges as the company looks to raise funds.

Edited by Sharp.
© Sharp Investment & Financial Advisers

4th September, Morning Brief

Market opened negatively in line with Asian markets taking a cautious stance over geopolitical worries.
9920 and 10090 are the levels to watch as an immediate support & resistance for Nifty50.

🎯 News & Impact 🎯

🎯 Listing Today :
Apex Frozen Foods.

🎯 Tata Motors :
JLR US sales up 1 percent at 9,421 versus 9,329 units (YoY).
Jaguar US sales down 6 percent at 3,101 versus 3,298 units (YoY).
Land Rover US sales up 4.8 percent at 6,320 versus 6,031 units (YoY).

🎯 TVS Motor :
Total sales up 16 percent at 3.17 lakh units versus 2.74 lakh units (YoY).
Two-wheeler sales up 15.5 percent at 3.09 lakh units versus 2.67 lakh units (YoY).
Exports up 33.7 percent at 45,604 units versus 34,097 units (YoY).
3-wheeler sales up 26.9 percent at 8,417 units versus 6,633 units (YoY).

🎯 Hero Motocorp :
August total sales up 10 % at 6.78 lakh units vs 6.16 lakh units (YoY).

🎯 Auropharma :
US FDA completes maiden inspection at Aurobindo's JV Eugia Pharma specialties.
Aurobindo's JV Eugia Pharma cleared with 'zero observations'.
Positive for the stock.

🎯 State Bank of India :
India's largest lender plans to raise up to $3 billion in the country's biggest overseas green-bond issue, tapping the likes of BlackRock, International Finance Corp and JPMorgan-backed entities for funding projects that will help achieve the government's commitments toward sustainable growth.

🎯 TCS :
TCS is creating a product brand for its artificial intelligence (AI) product Ignio and has hired from US companies to drive sales of the standalone product, a move that analysts say is akin to building a software company with a different model to its traditional services. 

🎯 L&T :
Received the green nod for expansion of its Powai residential and IT towers project in Mumbai that will entail an investment of Rs 1,102 crore. 

🎯 Cigna TTK
Files an application for change in partnership to Manipal Group.
Change in partnership from TTK Group to Manipal Group.

🎯 GTPL Hathway :
Awarded work order by the Home Department, Government of Gujarat for the sum of Rs 19.2 crore.

🎯 Cipla :
Cipla gets tentative US FDA nod for Arformoterol Tartrate.
Positive for the stock.

🎯 Adani Enterprises :
Company still at odds with Queensland over royalty for Australian mines.

🎯 NTPC :
Coal stocks critical at power units.

🎯 Hindalco :
Hindalco has earmarked USD 3 billion for acquisition in its aluminum business.

🎯 M&M Financial :
Company is looking to raise Rs 2,000 crore.

🎯 ICICI Prudential :
ICICI Prudential plans realty platform with a corpus of USD 400 million.

🎯 JM Financial :
JM Financial has been appointed as the transaction advisor to the government's over Rs 37,000 crore stake sale in HPCL to ONGC. 

🎯 Infosys :
Promoters offer to sell shares worth Rs 2,039 crore.
Nandan Nilekani (non-executive & non-independent chairman of) will not receive any remuneration for his current post.

🎯 Sun Pharma :
Sun pharma sees single digit decline in revenues for FY18.

🎯 Vedanta :
Vedanta eyeing stressed steel assets.

🎯 Chinese communication firm Transsion picks 80 percent stake in Spice JV.

🎯 United Breweries :
United Breweries will introduce a zero-alcohol beer by early next year and seeks to use the full capacity of its brewery in Bihar where liquor is banned, and enter alcohol-prohibited markets. 

🎯 Genus Power :
Company bags order worth Rs.20 crore.

🎯 Coal India :
Gopal Singh appointed CMD of Coal India.

🎯 Shoppers' Stop :
CRISIL has revised rating on the Rs.100 crore commercial paper of the company from A1 to A2.

🎯 Zydus :
Zydus receives final approval from the USFDA for Mycophenolate Mofetil for injection US.

🎯 Jubilant Life :
Jubilant Life completes acquisition of Radiopharmacy business of Triad.

🎯 Phoenix Lamps :
Phoenix lamps has revised the 'record date' as September 13, 2017 for the purpose of issue and allotment of equity shares by Suprajit Engineering Limited.

🎯 Union Bank :
CRISIL downgrades ratings from AAA/Negative to AA /Negative of Basel III compliant Tier 2 instrument and Basel II compliant various instruments.
Negative for the stock.

🎯 JSW Steel :
SEBI imposes penalty of 2.5 lakh for non-redressal of an investor grievance in a speedy manner.

🎯 UPL :
UPL purchases 33.33 % shares in the capital of Serra Bonita Semetes S.A., a Brazilian company located in City of Buritis.

🎯 Omkar Speciality Chemicals :
In-principle approval for listing of Lasa Supergenerics.

🎯 AU Small Finance Bank :
Company granted certificate of registration to act as corporate agent (composite) with registration under registration of corporate agents by IRDA.

Edited by Sharp.
© Sharp Investment & Financial Advisers