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.
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