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.
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