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.
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