6 Dec, Morning Brief

Negative opening expected as SGX Nifty is trading down by 42 points.

All eyes on RBI credit policy outcome today. Expected move is to keep interest rates unchanged.

IPO Watch :
Future Supply Chain Solutions IPO opens today.

🎯 News & Impact 🎯

🎯 Reliance Power :
Asian Development Bank (ADB) has approved debt financing and partial risk guarantees totalling $583 million, or about Rs 3,754 crore, for Reliance Power's liquefied natural gas terminal and a 750MW LNG power plant being set up in Bangladesh.
Positive for the stock. 👍

🎯 Sun Pharma :
Gets Tentative US FDA Nod For Tadalfil Tablets (2.5-20 mg) (Used To Treat Erectile Dysfunction, Arterial Hypertension).
Positive for the stock.

🎯 Aurobindo Pharma :
Gets Tentative US FDA Nod For Ranolazine Tablets (Used To Treat Angina).
Positive for the stock.

🎯 Shilpa Medicare :
Company received 10 observations from U.S. FDA for its Telangana plant.
Cautious over the stock.

🎯 Rcom :
Fitch withdraws Reliance Communications’ Rating For Commercial Reasons.
Negative for the stock.

🎯 Tata Communication​ :
Fleet Management Provider DRVR Selects Co As Its IoT Connectivity Partner.

🎯 Escorts :
India-Ra upgrades the Long term rating to A+ and Short term rating to A1+ with 'POSITIVE' outlook.

🎯 Amtek Auto :
Amtek Auto avails interim finance of 100cr from ECL Finance, subsidiary o f Edelweiss.

🎯 VRL Logistics :
HSBC has retained ‘buy’ rating on VRL Logistics.

🎯 Bharti Airtel :
CLSA has reiterated ‘buy’ rating on Bharti Airtel.

🎯 Balaji Amines :
Ind-Ra upgrades rating to A+ from A.
Positive for the stock.

🎯 Lanco Infratech :
Lanco looks to sell four renewable energy assets.

🎯 Dalmia Bharat :
Company joins hands with Piramal Bain fund to bid for Binani.

🎯 Bharat Financial :
RBI Removes Bharat Financial Inclusion From FII Purchase Caution List.

🎯 L&T Finance :
To Raise Rs.500 Cr Via NCDs.

Edited by Sharp.
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