Market expected to open on a flat note as SGX NIFTY is trading just 6 points down.
Yesterday, Nifty made a new life high but failed to hold at higher level and it's closing on Nifty daily chart formed a doji which says a halt in the rally and any sustainability above yesterday's high will help the index to move northwards strongly.
🎯 News & Impact 🎯
🎯 Rcom :
Jio leads the race to buy Reliance Communications' assets.
Positive for the stock.
🎯 Sun Pharma :
Sun pharma subsidiary Taro gets US FDA nod for Clindamycin Phosphate & Benzoyl Peroxide Gel (used to treat moderate acne).
Positive for the stock.
🎯 GIC Re :
Company has received approval to set up a syndicate at Lloyd's of London. The development is seen helping GIC Re broaden and diversify its international portfolio.
Positive for the stock.
🎯 BoI, United Bank :
RBI has imposed certain restrictions on Bank of India and United Bank of India due to a sharp rise in non-performing loans and erosion in capital.
Negative for the stocks.
🎯 HDFC :
HDFC sold a 6.3 % stake in Computer Age Management System (CAMS) to Warburg Pincus for Rs 210 crore.
🎯 IVRCL :
Company enters into share purchase agreement with Cube Highways for sale of entire stake in Salem tollways and Kumarapalayam Tollways Ltd.
🎯 Pidilite :
Pidilite board to consider buyback of shares on December 26.
🎯 Varun Beverages :
Company to acquire Pepsico India’s franchised sub territory in Jharkhand.
🎯 Coal India :
Board approves long term linkage under SHAKTI auction for 9000 MW.
🎯 SQS India :
Assystem Services made an open offer to acquire 27.82 lakh shares, or 26 percent stake at Rs 475.27 each.
🎯 Textile Sector :
Cabinet approves scheme for capacity building in textile sector.
Positive for the sector.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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