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
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