Thursday, 16 November 2017

17th Nov, Morning Brief

Market will open with a gap-up  as SGX Nifty is trading up 86 points on US markets' gain on strong earnings of Walmart & Cisco and Moody's up gradation of India's sovereign rating to Baa2 from Baa3. Asian markets are also up tracking US market gains.

🎯 News & Impact 🎯

🎯 Listing Today :
HDFC Standard Life.

🎯 Govt May Offer 200 bps Cut In GST Payable For B2C Digital Transaction.

🎯 Coal India :
The company considering raising prices to meet the cost of the 20 per cent wage hike.

🎯 Vedanta :
Odisha Govt. Panel Approves Vedanta's Proposal To Expand Lanjigarh Alumina Refinery.
Positive for the stock.

🎯 PVR :
To acquire mintorty stake in iPic glod class entertainment.

🎯 United Spirits :
United Spirits in arbitration to recover Rs. 1800 crore from United Breweries Holdings.

🎯 HDFC :
IFC, HDFC to set up USD 800 million realty fund.

🎯Reliance :
Reliance to raise USD 1.8 billion to cut reliance on high cost debt

🎯 Sundram Fasteners :
TVS group’s auto-component maker Sundaram Fasteners has begun its electric vehicle (EV) journey with an order from Elon Musk-founded carmaker Tesla to supply key parts in gear transmission and equivalents of radiator caps.

🎯 GTL Infra :
Lenders to GTL Infra have received bids from four players for buying up to 58 % Stake.

🎯 Edelweiss Financial Services :
Company has raised Rs.1,500 crore by selling fresh shares to institutional investors.

🎯 FMCG stocks :
The Union Cabinet has approved setting up of the proposed National Anti-profiteering Authority under goods and services tax (GST) to ensure consumers get the benefit of lower taxes under the new indirect tax regime.

🎯 Housing Finance Sector :
Carpet Area Hike For Int Subvention To Boost Sale Of Already-built Affordable Flats.
Positive for the sector.

Edited by Sharp.
© Sharp Investment & Financial Advisers

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