Wednesday, 22 November 2017

23 Nov, Morning Brief

Flat to positive opening expected as SGX Nifty is trading up by 12 points.

Another doji type hammer candle made on the daily chart yesterday for Nifty50 shows bulls are not able to hold the strength above 10360-10370 zone which proves a resistance facing for the index. If it pierces and closes above the zone, short covering took place to raise the index further. 10200 & 10500 are the strike prices where highest OIs have taken place for put & call respectively.

🎯 News & Impact 🎯

🎯 Quess Corp :
Company has obtained board approval to raise over Rs 600 crore by divesting a 5.42 per cent stake in its subsidiary Quess Corp Limited.

🎯 Arrow Greentech :
The company has received patent rights from US patent authorities for its method of manufacturing embedded water soluble firm carrier.

🎯 MBL Infra :
MBL Infrastructure could emerge as India’s first roadbuilder to achieve a successful insolvency resolution on about Rs.1,700 crore of outstanding loans.

🎯 MMTC :
State-run MMTC will import 2,000 tonnes of onion.

🎯 JPAssociates :
Supreme Court directed its 13 directors not to alienate their personal properties and asked the company to pay up ₹275 crore by December end.

🎯 Adlabs Entertainment :
Radhakishan Damani, founder of supermarket chain D-Mart, has completed the acquisition of Novotel Imagica, Khopoli from Adlabs Entertainment.

🎯 TTML :
Tata Teleservices mobile customers to start transitioning to the Airtel network.

🎯 Bank Of India :
Gets SEBI Nod To Raise Rs.3000 Cr Via QIP.

Lasa starts pilot production trial runs at unit IV plant.

🎯 Karur Vysya Bank :
Karur Vysya Bank allots 11.7 crore shares via rights issue.

🎯 Arrow Greentech :
Company receives patent for manufacturing water soluble film carrier.

🎯 PowerGrid :
Powergrid corporation eyes projects worth 1.6lakhcr in electricity drive.

Edited by Sharp.
© Sharp Investment & Financial Advisers

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