6th Nov, Morning Brief

Gap down opening expected today as SGX Nifty is trading down by 59 points.

Major Results Today :
Indian Bank, Gujarat Gas, REC, Piramal Enterprises, Just Dial, L&T Infotech, Century Textiles.

🎯 New Listing :
Reliance Nippon

🎯 News & Impact 🎯

🎯 L&T & HCC :
NHAI Bars L&T, Hindustan Construction from Bidding for NHAI & Road Min Projects.
Negative for the stock.

🎯 Reliance :
Moody's revises RIL credit outlook to stable from positive.

🎯 DLF :
CCI approves sale of Compulsorily Convertible Preference Shares (CCPS) of DLF Cyber City Developers (DCCDL) held by Promoter group companies to GIC Singapore.

🎯 ITC :
The cigarette maker said it plans to invest Rs 10,000 crore to set up food processing facilities across the country.

🎯 MLL :
Mercator lines has entered into MOA with M/s. Gemini Marine (No.3) Limited, Nevis to sell its vessel Harsha Prem for total consideration of USD 3.42 Million.

🎯 Torrent Power :
Torrent power acquires Branded Formulation Business of India and Nepal of Unichem Laboratories.

🎯 VRL :
VRL board of directors at their meeting held on November 03, 2017 approved the buy-back of equity shares of the Company.
Positive for the stock.

🎯 Godrej Properties :
Scheme Of Amalgamation b/w Godrej Buildcon, Godrej Projs Dvpt approved by both companies.

🎯 IOC :
Indian Oil Corporation to raise raise Rs. 700cr through bond sale.

🎯 NLC India : 
NLC India to set up solar plants on railway land.

🎯 Himadri Speciality Chemicals :
Company mulls investing Rs.628 cr for brownfield expansion.

🎯 RCom :
Brookefield calls off Reliance Communications deal after Aircel merger falls through.
Negative for the stock.

🎯 Mcdowell-n :
United spirits gets RBI nod to exit Nepal Subsidiary.
Positive for the stock.

🎯 Videocon :
Compton to buy Kenstar brand.

Edited by Sharp.
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