14th Dec, Morning Brief

Market will open up with a gap as SGX Nifty is trading up by 39 points.
10100 & 10320 are the key levels to watch for good move once breached.

🎯 News & Impact 🎯

The 7-2 vote for the rate move, the Fed’s third this year, raises the benchmark lending rate by a quarter percentage point to a target range of 1.25% to 1.5%

Results Updates :
🎯 Prataap Snacks : 
Prataap Snacks reported 223 % year-on-year rise in profit after tax figures at Rs.22.60 crore. 
Positive for the stock.

🎯 Maruti :
Maruti Suzuki to raise vehicle prices by 2 % from January.
Positive for the stock.

🎯 Manpasand Beverages :
RBI increases Manpasand Beverages' FII limit to 49 % from 24 % and allows further FII buying.
Positive for the stock.

🎯 Abott, Novartis :
Competition Commission of India has initiated an investigation against drug makers Abbott, Novartis, Emcure Pharma and USV over alleged price-fixing of the blockbuster anti-diabetic drug Vildagliptin.
Cautious over the stocks.

🎯 MEP Infra :
MEP has achieved the Milestone One for the project of Four Laning of Mahuva to Kagavadar of NH-8E from km. 100.100 to km 139.915.

🎯 Jaypee Infra :
SBI CAP invokes pledged shares of Jaypee Infra.

🎯 PVR Cinemas :
PVR entered into a strategic deal with a South Korean cinema technology company to increase the count of its 4DX screens.

🎯 IndiGO :
Interglobe Aviation offer for sale to non-retail investors gets subscribed 1.12 times.

🎯 IndusInd Bank :
RBI imposes penalty of Rs.3 crore on IndusInd Bank for non-compliance with IRAC norms.

🎯 Corporation Bank :
RBI imposes restrictions on Corporation Bank as its bad loans crosses 10%

🎯 Tata Communications :
The board of Tata Communications approved demerger of around 773 acres of surplus land to a separate company and listing it subsequently in the ratio of 1:1.

🎯 Ruchi Soya :
Company says Co Declared A Willful Defaulter By IDBI Bank (Ruchi Soya Part Of 28 Cos On RBIs Second Defaulters List).

Edited by Sharp.
© Sharp Investment & Financial Advisers