7th Sep, Morning Brief

Positive opening expected backed by global cues.

Nifty50 to breach and sustain above 10000 mark for further rally.

🎯 News & Impact 🎯

IPO Watch :
Dixon Technologies subscribed 78 % on Day 1.
Bharat Road Network subscribed 22 % on Day 1.

🎯 Reliance :
Ex Bonus Today.
Reliance to acquire assets of Kemrock industries.
Positive for the stock.

🎯 Fortis Healthcare :
TPG, General Atlantic enter exclusive talks with Fortis to buy controlling stake. Delhi HC reserves its decision on Daiichi's claim against Singh brothers.
Positive for the stock.

🎯 Wipro :
Wipro bags 5-year IT applications management contract from Finnish Co, Outokumpu.

🎯 Eicher Motors :
Eicher motors closes in on Ducati; to make a binding bid of USD 1.8 billion.
Positive for the stock.

🎯 Hindustan Unilever :
The Rs 1000 crore personal care products unit of Hindustan Uniliver at Doomdooma in Assam on Wednesday began Commercial production.

🎯 GMR Infra :
Ministry of Environment & Forests approves Delhi airport Rs.16,000 crore expansion.

🎯 Punj Lloyd :
Punj Lloyd JV wins Rs.1,177 crore NHAI project in Myanmar.

🎯 L&T, IL&FS Transport :
Eight bidders qualify for Nagpur Mumbai project. Companies whose bids have qualified so far are Afcons Infrastructure, Navyuga Engineering, L&T, IL&FS Transport and China Construction Fifth.

🎯 NDMC :
NMDC to begin auction for Taj Mansingh.

🎯 Raymond :
LIC reduces stake in Raymond by 2 %.

🎯 Sasken Technologies : 
Sasken Technologies received NCLT nod for the merger of Sasken Network Engineering with itself.

🎯 Sicagen :
Sicagen India to acquire the remaining 40 % stake in Danish Steel.

🎯 Gujarat NRE Coke :
JM Financial ARC offers to buy out all outstanding loans of Gujarat NRE Coke.

🎯 Petronet LNG :
Petronet LNG to build LNG import terminal in Sri Lanka.

🎯 Hindalco :
Hindalco to expand Novelis US, China to meet auto demand.

🎯 Ruchi Soya :
Ruchi Soya sets up panel to explore restructuring options.

🎯 Indian Bank :
CARE Ratings have upgrades rating from AA stable to AA / stable of the bank's Basel III compliant additional tier 1 bonds.
Positive for the stock.

🎯 Asian Paints :
Company's subsidiary in Indonesia sets up API plant with a capacity of 5000 tons/annum.

🎯 HCL Tech :
Company announces strategic partnership with banking solutions provider Alpha Insight.

🎯 Avanti Feeds :
Company started commercial production of Shrimp processing and export at its new plant in Yerravaram.

🎯 Astec Life :
ICRA revises rating to A from A- for long term funds.

🎯 Vijaya Bank
Vijaya Bank revises MCLR rates.

🎯 NBCC :
NBCC signs agreement with health ministry for expansion of sports injury centre, Delhi worth Rs.464 crore.

🎯 Just Dial :
Sequoia Capital India cuts stake in company to 4.5 % from 9.62 %.

🎯 IRB invIT :
IRB INVIT Fund seeks shareholder nod for proposed acquisition of IRB Pathankot Amritsar Toll Road.

🎯 Aarey Drugs & Pharma :
Company seeks shareholder nod for sub-division of share.

🎯 Cipla :
Cipla promoters, relatives get into share transfer agreement.

Edited by Sharp.
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