20th Nov, Morning Brief

Market may open with a flat note as SGX Nifty is trading down by 8 points.

Asian shares started the week on the back foot on Monday, pressured by a retreat on Wall Street amid tax reform uncertainty while the euro skidded after German coalition talks hit an impasse.

Despite a strong up move, Nifty50 closed off the high with a red candle as it failed to build on to the gains after the gap up opening. So, today's move will be crucial whether bulls keep their momentum or bears will become aggressive on profit booking.

🎯 News & Impact 🎯

🎯 Logistics Sector :
Logistics Sector To Get Infrastructure Status.
Fin Min Has Given The Nod To Give The Logistics Sector Infrastructure Status.
Transportation, Warehouse, Logistics Parks Segments Included In Logistics Sector.
Positive for the sector.

🎯 Biocon :
Gets Establishment Inspection Report For May 25-June 3 Inspection By US FDA.

🎯 AstraZeneca :
Astrazeneca Arm, AstraZeneca AB Gets US FDA Nod For Monoclonal Antobody, Benralizumab Injectable.
Positive for the stock.

🎯 Teva Gets US FDA Nod For Darunavir Tablets

🎯 L&T :
L&T Construction to build Mumbai Trans Harbour Link Order valued at Rs.8,650 Crore.

🎯 Strides Shasun :
Eris Lifesciences will buy Strides Shasun India's brands for Rs 500 crore. 

🎯 Divis Labs :
Divis Lab received an Establishment Inspection Report (EIR) from US-FDA for our Unit-II, as closure of audit by FDA

🎯 Rcom :
Moody's Investors Service withdraws rating of Reliance Communications and its Senior Secured Notes.
Negative for the stock.

🎯 SMS Pharma :
SMS Pharma completed its Fifth US Food and Drug Administration (US FDA) inspection for its Manufacturing facility - Unit-II, located.

🎯 Vadilal Industries :
Promoters maybe looking to exit Vadilal, looking at a valuation of Rs.600cr.

🎯 White Goods :
Whirlpool, Voltas, Bajaj Electricals in focus - GST rate may be cut down to 18% from 28%.
Positive for the sector.

🎯 Tata Comm, Ttml :
Tata communications which is in talks to buy the enterprise business of Tata Teleservices, has appointed Axis capital as its investment banker for valuations.
Positive for Ttml.

🎯 PVR :
Company is set to invest $4 million to pick up a minority stake in American luxury restaurant-and-theatre company iPic -Gold Class Entertainment.

🎯 Puravankara :
Planning to launch 14 new projects.

🎯 Narayana Hrudayalaya :
Planning about 500 Cr expansion.

Edited by Sharp.
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