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.
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