4 Dec, Morning Brief

Market likely to open on a positive note as SGX Nifty is trading up by 28 points. 10230 would be a hurdle now to cross.

The RBI will announce the policy review on December 6 after two days of MPC meeting beginning December 5.

🎯 News & Impact 🎯

🎯 November Auto Sales
Tata Motors
Total Exports (RD)12.4% At 4,927 Units Vs 5,626 Units (YoY).
Tata Motors Total Domestic PV Sales (GU)35% At 17,157 Units Vs 12,736 Units (YoY)
Tata Motors Total Domestic CV Sales (GU)71.9% At 35,307 Units Vs 20,538 Units (YoY).
Positive for the stock. 👍

Heromotoco :
Hero MotoCorp Total Sales At 6.05 Lakh Units, (GU)26% (YoY).
Total Motorcycle Sales At 5.25 Lk Units & Scooter Sales At 80,046 Units.
Positive for the stock. 👍

🎯 Biocon :
USFDA approves Mylan and Biocon's Ogivri™ the First Biosimilar for Trastuzumab, for the Treatment of HER2 for breast and Gastric cancer treatment.
Positive for the stock. 👍

🎯 DLF :
Promoters to infuse Rs 11250cr.

🎯 Escorts :
Credit Suisse has initiated coverage on Escorts with an outperform rating.
Positive for the stock. 👍

🎯 MT Educare :
Zee learning to buy a controlling stake in the company.
Positive for the stock. 👍

🎯 Dr Reddy's Lab :
Received Zero Observations From US FDA For Miyapur Unit In Sep.
Positive for the stock. 👍

🎯 JSW :
From Cogencis | Fitch Says Could Downgrade JSWL Steel's Rating In 2018 Due To High Leverage.
Negative for the stock.

🎯 Transformers and Rectifiers :
Company receives Rs.127cr order from Power Grid to supply 15 transformers; Current order book at Rs. 937cr.

🎯 Alphageo :
Company received award of contract from ONGC Ltd, Vadodara (Guj) for an estimated contract value of Rs.154.77 crore.

🎯 Mirc Electronics :
Company issues 1.9cr shares to non promoters at Rs. 37/share.

🎯 JSW Energy :
Company has successfully secured PPAs aggregating to 208MW. 

🎯 Wipro :
National Grid US Filed Lawsuit Against Co In US Court.

🎯 Dena Bank :
Cuts MCLR Rate By 5-15 Bps In Some Tenors.

🎯 Central Bank Of India :
Cuts MCLR Rate By 5-20 Bps In Most Tenors.

🎯 Artson Engineering :
The company has received a Letter of Intent from Tata Projects for supply of fabricated structures 10,000 mt worth Rs 62 crore. 

🎯 Piramal Enterprises :
Piramal Finance, the financial services unit of Piramal Enterprises, is accelerating lending to construction companies.

🎯 Mining Sector :
After The US, India Will Be Also Be Under Pressure To Cut Corporate.
Positive for the sector. 👍

Edited by Sharp.
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