30th Oct, Morning Brief

Market is likely to open on a positive note, tracking Nifty Futures on the Singapore Stock Exchange (SGX Nifty) and global cues. 
Nifty may target the level of 10570.

Wall Street climbed on Friday as a surge in the tech sector and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year. The Dow Jones Industrial Average rose 33.33 points.

🎯 Major Results Today :
BEL, Central Bank, EIH, HDFC, IDFC, LIC Housing Finance, Lupin, Tata Steel, Wockhardt, Marico.

🎯 News & Impact 🎯

🎯 Alkem Labs :
U-S FDA had conducted an inspection at the Company's manufacturing facility located at St Louis, USA from 23rd October, 2017 to 27th October, 2017.
No form 483 issued.
Positive for the stock.

🎯 Sun Pharma :
Gets US FDA Nod For Carvedilol Phosphate Capsules (Used To Treat High Blood Pressure & Heart Failure).
Positive for the stock.

🎯 Cadila Healthcare :
Zydus receives final approval from the USFDA for Tamoxifen Citrate Tablets US.
Positive for the stock.

🎯 Clariant :
Global parent abandons merger with Hunstman.

🎯 HDFC :
Looking to list mutual fund unit next year.

🎯 Maruti :
Maruti earmarks Rs.1000cr to buy land parcels this year.
Positive for the stock.

🎯 Tata Teleservices :
Tata sons to invest Rs30,000cr more in Tata Teleservices.
Positive for the stock.

🎯 Sunteck Realty :
Sunteck Realty closes QIP, sets issue price at Rs. 322 a piece.

🎯 Bharti Airtel :
Bharti Telecom to buy up to 4.62 per cent of Bharti AIrtel's stake, say sources. 

🎯 Vedanta :
Vedanta chief Anil Agarwal has lined up a Rs 10,000 crore investment plan for Jharkhand. This includes an iron ore mining project and an integrated steel plant. 

🎯 PNB :
Punjab National Bank had to scrap its Rs 1,500-crore perpetual bond issue last week. “The issue had strong response but was withdrawn due to a technical error at the BSE online platform,“ said a PNB official.

🎯 Ashok Leyland :
Ashok Leyland is looking at investing Rs. 400-500 crore in its electric vehicle business over the next three to five years. 

🎯 Bank of India :
State-owned Bank of India raised Rs.500 crore through perpetual bonds at a rate much cheaper than usual.

Edited by Sharp.
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