1st January 2019, Morning Brief

We wish you all our readers, traders and investors happy and prosperous 2019.

A flat opening expected today after compromising day yesterday.

Nifty opened on a higher note and slid to end just 2 points above the previous closing to make a bearish candle. Nifty50 could not sustain above 10900 but didn't breach it's ascending channel yet which claims 11100 on the upper side with a trigger of 10700.

🎯 News & Impact 🎯

🎯 Lupin :
Company receives FDA approval for Clobazam Oral Suspension, 2.5 mg/mL.

🎯 Dynamatic Technologies :
Company executed a Business Transfer Agreement with Hi-Tech Arai Private Limited (Purchaser) for divestment of auto division and company will receive Rs.40 crore.

🎯 JMC Projects :
JMC Projects (India) has secured new orders of Rs.596 crore.

🎯 Bank of Maharashtra :
Bank received the equity capital of Rs. 4,498 crore from government.

🎯 Central Bank of India :
Bank has received Rs 1,678 crore by making preferential allotment of shares to government.

🎯 UCO Bank : The bank has received Rs. 3,076 crore by making preferential allotment of shares to government.

🎯 Centrum Capital :
Company's subsidiary, Centrum Financial Services Limited, has successfully acquired the supply chain finance business of L&T Finance Limited (Business), consisting of an asset book of about Rs.650 crore.

🎯 Adani Transmission :
Company and KEC International mutually agreed to extend the completion date (Long Stop Date) to January 31, 2019 for acquisition of KEC Bikaner Sikar Transmission Pvt. Ltd.

🎯 Premier :
Company has, with the consent of its secured lenders, entered into a term sheet for the sale of its property at Chinchwad, Pune, with Runwal Realty Pvt.Ltd.

🎯 Alfa Transformer :
Company received a letter of award valuing Rs.3.82 crore from one of reputed customer Odisha Power Transmission Corporation Limited.

🎯 IOC :
Company to cut non-subsidised LPG price by Rs.120.5 per cylinder.

Edited by Sharp.

31st December, 2018 Morning Brief

Market will open on a positive note with a gap today.

The market continued to rally for the third consecutive session on December 28. Easing tensions between Donald Trump and the Federal Reserve, and hope of likely positive talks between US and China over trade lifted investors sentiment. Stability in crude oil prices and rupee also aided the rally.

Nifty has made an ascending channel pattern on the daily chart commenced from 26th Oct with higher highs and lower lows. Upper breakout may comes around 11100 whereas support comes at around 10700.

🎯 News & Impact 🎯

🎯 Reliance :
Subsidiary Reliance Industrial Investments and Holdings Limited (RIIHL) entered into a binding agreement with renewable energy services company Kanoda Energy Systems Private Limited for acquisition of equity shares for a cash consideration not exceeding Rs.75 crore.

🎯 Cadila Healthcare :
Zydus Cadila received the final approval from the USFDA to market Clindamycin Phosphate and Benzoyl Peroxide gel which is used to treat a certain type of acne.

🎯 Aavas Financiers :
Company received fresh refinance assistance of Rs 400 crore in addition to the approval of undrawn limit of Rs 100 crore pertaining to previous year, in December 2018.

🎯 Bharat Financial Inclusion :
Company assigned a pool of receivables of Rs 849.36 crore to one of the largest private sector banks on a direct assignment basis. With this transaction, the company has completed Direct Assignment transactions worth Rs 3,864.91 crore in FY19

🎯 Powergrid :
entered into a loan agreement for 200 million euros with Germany’s KfW for financing of transmission project for integration of clean energy and system strengthening.

Edited by Sharp.

28th December, 2018 Morning Brief

Market will open with a gap up on a strong US markets' closing.

A more than expected drop in Consumer Confidence Index shaken the investors in US markets but markets shown sudden recovery in the later part of the day.

Nifty50 remained positive through out the last session of December month expiry amid volatility.

Nifty has plotted a bearish candle as it could not sustain above the opening level of 10818 and closed just below 10780.

🎯 News & Impact 🎯

🎯 United Bank of India :
Government said it would infuse Rs.2,159 crore in the equity capital via preferential allotment. 
Positive for the stock. 👍

🎯 Lemon Tree Hotels :
Company entered into a joint venture with private equity firm-Warburg Pincus affiliate ‘Magnolia Grove Investment’ with a primary focus on co-living. This joint venture marks the entry of the company into a new business segment for rental housing accommodation for students and working professionals.

🎯 Kansai Nerolac :
Company entered in to share-purchase agreement with Perma Construction Aids for Rs.29.1 crores. 

Edited by Sharp.

27th December, 2018 Morning Brief

A positive start expected as SGX Nifty is trading up by 38 points in the morning supported by handsome recovery in US markets yesterday and strong opening in Asian markets.

Market took a u turn yesterday after a dip and closed with a gain. Nifty50 plotted bullish piercing type candle on the daily chart yesterday. Nifty50 hold the support of 10530 after it broke down a support of 10600 in the day trade and bounced back to close at 10729.85.

U.S. markets made one of the biggest rallies of the 9 1/2 years with Dow's jump with 1086 points.

🎯 News & Impact 🎯

🎯 Sun Pharma :
Company's arm ‘Dusa Pharmaceuticals’ got awarded Preliminary Injunctive Relief by U.S. federal district court in patent infringement case.

🎯 Cadila Healthcare :
Zydus gets tentative US FDA nod for Febuxostat used for reducing production of uric acid in the body.

🎯 Man Industries : 
Securities and Exchange Board of India imposed Rs 10 crore fine on 3 promoters of the company for failing to make an open offer to the company’s shareholders. 

🎯 NTPC Limited : 
Investment approval has been accorded for Bilhaur Solar Project of 140 MW capacity and Auraiya Solar Project of 20 MW capacity.

🎯 Cimmco :
Company’s promoter Titagarh Wagons to sell 15.4 lakh shares (5.64 % equity) today and tomorrow.

🎯 Lesha Industries :
Stock split from Rs. 10 to Re. 1.

Edited by Sharp.

26th December, 2018 Morning Brief

A flat opening expected today after a Christmas holiday.

Market started the week on a weak note on Monday. Nifty made a bearish candle on the daily chart. Nifty has now a support at 10600 level.

U.S. stocks tumbled to the lowest since May 2017 as the turmoil in Washington kept investors on edge after the worst week for American equities in almost a decade. Market will be volatile ahead of derivative expiry tomorrow.

🎯 News & Impact 🎯

🎯 Auropharma :
Company gets US FDA nod for Vecuronium Bromide Injection (10-20 Mg)

🎯 Chemfab Alkalis :
Company commissions PVC-O project at Andhra Pradesh facility.

🎯 Autoline Industries :
Company entered into MOU with Poddar Habitat to transfer land at Chakan, Pune. 

🎯 PFC :
Company transfers wholly-owned subsidiary to Adani transmission.

🎯 Blue Blends :
Company defaults on payment of principal and interest amounting to Rs 49.92 crore on NCDs issued by the company.

🎯 Ganesh Films :
Company acquired the sole theatrical distribution rights for North India region from Clap Board Production for the action film Adanga Maru (Tamil).

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

24th December, 2018 Morning Brief

Market will open on a flat note today after a massive fall in last session.

The sell-off in U.S. stocks deepened Friday with a looming government shutdown adding to investor worries. 

10990 - 11000 will may act as the resistance zone whereas 10750 & 10600 will be the support levels.

🎯 News & Impact 🎯

🎯 InterGlobe Aviation :
Company signed codeshare mutual agreement with Turkish Airlines.

🎯 Fortis Healthcare :
SEBI orders Singh brothers and other eight group companies to repay Rs 403 crore to company itself.

🎯 Entertainment Network (India) :
Company board approved the company’s foray into U.S. Markets. 

🎯 Petronet LNG :
Company restructured its LNG pact with Qatar based LNG Supplier ‘RasGas’.

🎯 Info Edge :
Company arm increased stake in Nopaperforms Solutions to 48.1% by investing Rs.28 crore. 

🎯 Inox Leisure :
Company commenced commercial operations of Multiplex Theatre in West Bengal.

🎯 BHEL :
Company is in talks with U.S. Firm for lithium ion battery joint venture. 

🎯 Sundaram Finance :
Competition Commission of India approves acquisition of 40 % stake of Royal Sundaram General Insurance Company to Ageas Insurance International N.V.

🎯 Lumax Auto Technologies : 
Board approved merger of its wholly owned arm-Lumax DK Auto Industries with self.

🎯 Infosys : 
Likely to buy back shares again for $1.6 billion.

🎯 Himachal Futuristic Communications :
Company has received two contracts totalling Rs.148 crore from L&T to execute the telecommunication systems projects for the Mauritius Metro Express Project and for the Dhaka Metro Mass Rapid Transit System.

🎯 Reliance Industries :
Company completed acquisition of 5.56 % strategic stake in Vakt Holdings Limited, UK.

🎯 Unichem Laboratories :
Company has received ANDA approval from USFDA for Pramipexole Dihydrochloride tablets, which are indicated for the treatment of Parkinson's disease.

🎯 Adani Enterprises :
Company incorporated a wholly owned subsidiary (WOS) namely, Adani Water Limited.

Edited by Sharp.

21st December, 2018 Morning Brief

Market will open on a negative note followed by US and Asian markets.

U.S. stocks fell for a second day after the Federal Reserve raised benchmark interest rates and said that it would continue to let its massive balance sheet shrink at the current pace.

Nifty formed a bullish candle on the daily chart yesterday and recovered almost all the losses to end with a point of loss. Nifty didn't break its support level of 10870 mentioned in yesterday's blog and took the support at 10880 and closed at 10951.7. In order to achieve it's near target of 11090, Nifty50 has to trade above 10850 - 10870 level zone.

🎯 News & Impact 🎯

🎯 Bharti Infratel :
Bharti Airtel’s board approved sale of up to 59.12 crore equity shares, representing 32 percent stake of Bharti Infratel owned by the company to its arm Nettle Infrastructure Investments. 

🎯 NHPC :
Company said 520 MW power station in Himachal Pradesh would be under complete shutdown from three months with effect from Dec. 20.

🎯 Bosch :
Company said it will would close Karnataka’s Bidadi Plant from Dec. 28-29 due to reduction in volumes seen.

🎯 Entertainment Network (India) :
Company said due to a fire breakout at Common Transmission Infrastructure at Mumbai, terrestrial broadcasting has been disrupted at the company’s Mumbai radio station and other private broadcasters in Mumbai.

🎯 Coal India :
Company declared dividend of Rs.7.25 per share.

🎯 Indian Hume Pipe :
Company received letter of acceptance for constructions of drinking water supply projects worth Rs 502.89 crore in Andhra Pradesh.

🎯 Indiabulls Real Estate :
Company entered into an agreement with Blackstone to divest up to 50 percent stake in two office assets in Gurugram at aggregate value of Rs.464 crore.

🎯 HT Media’s :
Company board approved to acquire 25 % stake in Next Mediaworks’ promoters for Rs.45.15 crore and to additionally acquire 26 percent stake, by triggering an open offer.

🎯 JSW Steel :
Company said it would infuse Rs.63.5 crore in Vardhaman Industries to pay the creditors as per the Resolution Plan by NCLT.

🎯 Escorts Group :
Company increased its stake in Optunia Power Infrastructure from 49 % to 99 %.

🎯 Mercator :
Company sold vessel for $7.6 million and said that proceeds of this sale would be used to reduce debt and liabilities.

🎯 Time Technoplast :
Company received power cable-ducts orders worth Rs.150 crore from various EPC Contractors.

🎯 HCL Technologies :
Company partnered with Israel based Cloudify to bring 5G network solutions to telecom providers.

🎯 Infibeam Avenues :
Company and IBM India executed agreement to develop, implement and promote blockchain applications to Indian clients on Linux platform.

Edited by Sharp.

20th December, 2018 Morning Brief

A gap down opening can be witnessed today as Asian stocks declined after US stocks declined sharply on Wednesday after the Federal Reserve’s forecast of fewer interest-rate increases in 2019 fell short of investors’ hopes of a more dovish monetary policy.

Benchmark indices closed higher for the seventh consecutive session on December 19, driven by lower oil prices and bond yields. A likely dovish stance by the Federal Reserve in its policy meeting decision due tonight and continued liquidity infusion by RBI via open market operations (OMOs) also boosted market sentiment.

10870 should be a support level for Nifty50 in coming sessions.

🎯 News & Impact 🎯

🎯 Pfizer / GlaxoSmithKline
Pfizer Inc entered into a joint venture agreement with GlaxoSmithKline Plc to create a global consumer company. 

🎯 Uflex :
Company launched three packaging foil solutions for pharma companies.

🎯 TCS :
Tata Consultancy Services launched Cloud Solutions Program in Canada. 

🎯 Cosmo Films :
Company launched sterilisable conduction sealing film.

🎯 Alembic Pharma :
Company received zero observations under Form 483 from the U.S. FDA for its API facility in Gujarat.

Edited by Sharp.

19th December, 2018 Morning Brief

Market will open on a positive note in continuation of yesterday's rally.

Yesterday, market gradually recouped losses in the second half and turned positive in last hour of trade to close the session above 10,900 levels on the Nifty. Thanks to crude oil prices, that fell 4 percent intraday, the rupee appreciated closing 111 paise higher at 70.44 a dollar.

US markets ended cautiously ahead of Fed meeting outcome.

🎯 News & Impact 🎯

🎯 The Reserve Bank of India announced plan to scale up liquidity infusion via purchase of government bonds.

🎯 Biocon :
Company says biosimilar Trastuzumab gets approval in European Union.

🎯 Welspun Enterprises :
Company divested 50 % stake Dewas Bhopal Road For Rs.184 crore.

🎯 Broadcasting companies :
TRAI sets maximum retail price of pay television channels that are offered by 42 broadcasters in the country to subscribers.
Positive for the sector.

🎯 J Kumar Infraprojects :
Joint venture received EPC orders worth Rs.1,349 crore from National Highways Authority of India for Delhi.

🎯 NTPC :
Company said that unit 6 of 500 MW capacity of Feroze Gandhi Unchahar Thermal Power Station had been restored and synchronized with the grid after boiler restoration.

🎯 Karnataka Bank :
Bank tied up with Paisabazaar.com to offer Bank’s home loan products to customers.

🎯 Fortis :
Yes Bank said that it sold 2.13 % stake in Fortis Healthcare. 

🎯 Dr Reddy :
Gets Tentative US FDA Nod For Sapropterin Dihydrochloride.
Positive for the stock. 👍

🎯 Commercial Engineers :
Bags wagon order worth Rs.152.3 crore.

🎯 Glenmark :
Company announces entry into branded dermatology segment in USA.

Edited by Sharp.

18th December, 2018 Morning Brief

Market will open negatively because of a sell-off in US markets and weaker start on Asian bourses.

Nifty50 continued it's Northward journey and registered a highest closing since 1st October 2018. Nifty ended at 10888 after touching 10900 level. Now it should sustain above 10800 level and surpass 10950 resistance to leap towards its next target of 11090 & 11400.

A sell-off in U.S. stocks that sent the S&P 500 Index to its lowest close in 14 months spread to Asia, suggesting investor worries about the outlook for growth that are at odds with the projected Federal Reserve interest-rate hike on Wednesday.

🎯 News & Impact 🎯

🎯 Graphite India :
Karnataka State Pollution Control Board renewed the consent to operate for Graphite India’s electrode plant in Bengaluru for a period up to June 30, 2020 only with the condition to shift the unit from the existing location.

🎯 Tata Motors :
Tata Motors-Jaguar Land Rover hired Boston Consulting Group for $3.2 billion turnaround plan.

🎯 NMDC :
Company revised prices of lump ore at Rs.3,250 per ton and fines ore at Rs.2,860 per month with effect from Dec. 13.

🎯 Bank of Baroda :
BoB to shut three overseas branches by June.

🎯 M&M :
Company signed agreement with Sampo Rosenlew Oy, Finland, an Associate of the Company to increase stake from 35% to 49.04%

🎯 Mac Charles Hotels :
Goa based public listed company will add another 160 rooms effective from 1st January 2019, taking the total number of rooms to 238.

Edited by Sharp.

17th December, 2018 Morning Brief

A positive opening expected today backed by positive U.S. equity futures edged up with stocks in Japan market.

U.S. stocks closed at their lowest level since April as mounting concern over the health of the global economy overshadowed positive trade developments and signs of strength from the American consumer.

🎯 News & Impact 🎯

🎯 Cadila Healthcare :
Company received U.S. FDA approval to market Albendazole tablets. This shall be manufactured at SEZ, Ahmedabad.

🎯 Solara Active Pharma Sciences :
Company's research centre at Chennai receives zero observations on Form 483 from U.S. FDA.

🎯 Larsen & Toubro: MMRDA terminates contract with joint venture of company and SCOMI Engineering for their failure to fulfill obligations. 

🎯 Wipro :
Company's arm ‘Topcoder’ gets into strategic partnership with Denmark based Saxo Bank to give digital solutions.

🎯 Future Consumer :
Company sells its stake in Amar Chitra Katha for Rs 44.4 crore.

🎯 Infosys :
Company to divest stake in CloudEndure for $15.3 million or Rs 110 crore. The company in 2015 picked up minority stake in CloudEndure for $4 million.

🎯 Vedanta :
National Green Tribunal allowed company to resume operations of copper smelter at Thoothukudi and directed the Tamil Nadu Pollution Control Board (TNPCB) to pass fresh order of renewal of consent and restoration of electricity supply for operations within 3 weeks from the date of the order.

🎯 Teva Pharma :
Company gets US FDA nod for Herzuma, biosimilar to Herceptin, for treatment of HER2.

🎯 NTPC :
Company acquired Barauni Thermal Power Station (720 MW) in district Begusarai, Bihar from Bihar State Power Generation Company Limited.

Edited by Sharp.

14th December, 2018 Morning Brief

Flat opening expected today after doji pattern formed yesterday on daily chart for Nifty50.

As mentioned in previous blog, Nifty didn't go beyond 10850 level because of some profit booking after two days' robust rally and closed below 10800 mark. It's important to see whether it will hold the 10740 level.

🎯 News & Impact 🎯

🎯 IOC :
Indian Oil Corporation’s board announced share buyback at 149 and dividend of Rs.6.75 per share.

🎯 Capital First :
NCLT approved amalgamation of Capital First and its two arms Capital First Home Finance and Capital First Securities with IDFC Bank.

🎯 Bharti Airtel / Idea :
Telecom tribunal sets aside TRAI’s tariff order of February on predatory pricing and discounted tariff. This brings relief to Bharti Airtel and Vodafone Idea as they continue to offer segmented plans. 

🎯 Lupin :
Company received tentative US FDA approval for Dimethyl Fumarate Delayed release capsules, 120 mg and 240 mg, which are indicated for the treatment of patients with relapsing forms of multiple sclerosis.

🎯 Adani Enterprises :
Company's defence arm acquired 1.3 crore shares in Alpha Design Technologies for Rs 400 crore. 

🎯 Dilip Buildcon :
Company's arm received financial closure for its HAM project in Madhya Pradesh for Rs 1,004 crore.

🎯 GTL Infra :
Company said that the company is left with Rs.389 crore of operational costs due to non-occupied towers. 

🎯 Premier Explosives :
Company has received an order from an Israel company for design, development, fabrication and assembly of Rocket Motors. Order amount is $41,000 and is to be executed in six months.

Edited by Sharp.

13th December, 2018 Morning Brief

Another gap up opening expected supported by lower inflation figures and Asian markets which ticked higher alongside U.S. equity futures on Thursday after a series of positive developments in U.S.-China trade talks buoyed global stocks.

Nifty50 formed robust bullish candle on the daily chart for the second consecutive session. Nifty has resistance at 10740 & 10850 and we may witness a profit booking around these levels. 10600 is the immediate support level for Nifty50.

🎯 News & Impact 🎯

October IIP at 8.1% Vs 4.5% (MoM)

November CPI at 2.33% Vs 3.38% (MoM)

🎯 Sun Pharma :
Company’s Taro received tentative ANDA approval for Dapsone by the U.S. FDA.
Positive for the stock. 👍

🎯 Lupin :
Company announced that European Union’s General Court upheld European Commission’s decision in Perindopril litigation. The pharma company is liable to pay fine of 40 million euros.
Negative for the stock.

🎯 Strides Pharma Sciences :
Company's Singapore arm received U.S. FDA approval for Lidocaine Ointment.
Positive for the stock. 👍

🎯 Bandhan Bank :
RBI allowed the bank to open 40 new branches. 
Positive for the stock. 👍

🎯 Pricol :
Company signed a joint venture agreement with Israel-based mobile resource management company ‘Pointer Telocation’ to provide digital telematic solutions to both OEM and after-market segment players in India and other countries in South East Asia.

Edited by Sharp.

12th December, 2018 Morning Brief

After a surprise rally for yesterday, market will open on a flat positive note today.

The market shrugged off the outcome of polls in five states and impact of Urjit Patel's resignation as RBI Governor and reversed all it's steep gap down opening losses in the afternoon session and closed higher on short covering.

Traders would remain cautious ahead of key economic data due on Wednesday evening and Federal Reserve meeting next week.

Asian equities climbed with U.S. stock futures and the offshore yuan after the senior executive of China’s tech giant Huawei Technologies Co. was granted bail, potentially improving the outlook for U.S.-China trade talks.

🎯 News & Impact 🎯

🎯 Dr. Reddy’s Laboratories will have to wait a little longer before it can start selling a generic version of Indivior Plc’s Suboxone Film opioid addiction treatment, a U.S. appeals court ruled Tuesday, according to Bloomberg report.

🎯 Reliance :
Reliance Industries’ telecom unit Reliance Jio Infocomm board approved transferring fibre and tower businesses into two separate companies. 

🎯 Cadila Healthcare / Zydus Wellness: Competition Commission of India approved acquisition of Heinz India jointly with Cadila Healthcare. It will be acquiring business related to the four brands—Glucon-D, Nycil, Sampriti Ghee and Complan.

🎯 IOC :
The Government of India reduced its stake in the company by 2.69 percent to 54.06 percent.

🎯 Tata Sponge Iron :
Competition Commission of India approved acquisition of Usha Martin’s steel division for around Rs 4,300-4,700 crore.

🎯 Unichem Laboratories :
Company received tentative approval for ANDA-Tadafil Tablets from U.S. FDA.

🎯 PNC Infratech :
Company arm submitted financing documents to NHAI regarding its HAM project in Karnataka worth Rs.1,157 crore. The company now has submitted documents for financial closure for all its 7 HAM projects.

🎯 UFO Moviez India :
Company’s non-promoter investors agree to sell their shares in Qube Digital Cinema Pvt. Ltd. to UFO Moviez and ICICI Ventures at Rs 264.88 per share as against an earlier decided price of Rs. 302.65.

🎯 Phoenix Mills :
Company entered into a SPA with Insight Mall Developers and Island Mall Developers for sale/disposal of the entire equity holding in Insight by the Company, in favour of Island.

🎯 Kaveri Seeds :
Company board meet on December 20 to consider merger of two wholly owned subsidiaries of the company.

🎯 Wipro :
Company launched Automotive Innovation Center in Detroit, Michigan.

🎯 Shalby :
Company signed MOU with International SOS for providing medical assistance to foreign travelers to India. 

Edited by Sharp.

11 December, 2018 Morning Brief

Start with a plunge as expected today after surprise policy of resignation by RBI Governor & Deputy Governor. Asian stocks extended this week’s declines as investors shrugged off a U.S. rebound India VIX moved up sharply by 10.85 percent at 20.60 levels and which will remain constant or will rise.

Following are the possibilities about Market today.

A) Retaining 3 states, market may recover early losses.
B) Losing 1 state and retaining 2 states, market may trade nervously.
C) Losing 2 or more states, market may react pessimistically and Nifty may see 10000 mark in coming days.

🎯 News & Impact 🎯

🎯 Titagarh Wagons :
Company has been awarded a contract to manufacture and supply 5,058 wagons to Indian Railways for Rs.1,560 crore.

🎯 Lupin :
Company received tentative U.S. FDA approval for Apibaxan Tablets, which is used for reducing risk of stroke and deep vein thromobosis.

🎯 Zensar Technologies :
Company selected as IT infrastructure partner by European Bank for reconstruction and development.

🎯 Cox & King :
Company's arm’s Education division received requisite approvals from respective authorities including the anti-trust approval for its sale to U.K. based Midlothian Capital Partners for 467 million pounds.

🎯 Wipro :
Wipro Digital to expand Asia Pacific design capabilities in Australia.

🎯 Oil India :
Govt cuts stake in co by 2.9 % to 63.2 %.

🎯 KDDL :
Acquisition of swiss watch company named Estina AG for CH 4,00,000.

Edited by Sharp.

10th December, 2018 Morning Brief

A gap down opening expected today tracking US and Asian markets with an uncertainty over tomorrow's election results as exit polls indicated mixed results in key states.

Wall Street’s main indexes fell more than 2 % on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over US-China trade tensions and interest rates convulsed Wall Street

Nifty50 has a proven support at 10600. Looking ahead considering the volatility the next support levels could be 10490,10360 & 10180. Whereas 10740, 10950 & 11090 are the key resistances.

🎯 News & Impact 🎯

🎯 Escorts :
Company transferred existing RT Crane business to its JV company with Japan-based Tadano for Rs 35 crore, on a slump sale basis.

🎯 HEG :
Company said in its investor presentation that there could be a window of opprtunity to export graphite electrodes to China till 2022 as new electrode capacities in China would take longer time to come up than steel capacity.
Positive for the stock. 👍

🎯 Tata Sponge :
Government gives environmental clearance to increase the production capacity of direct reduced iron plant to 4,65,000 TPA from 4,25,000 TPA.
Positive for the stock.

🎯 Sugar stocks :
Oil Ministry said that the ethanol blending in petrol would double to 8 %.
Positive for Sugar stocks. 👍

🎯 Adani Power :
MERC finds increase in billing for Adani electricity customers to be unduly high; to appoint fact finding panel to check why bill amounts have shown unusual increase.
Negative for the stock. 👎

🎯 Mangalam Drugs & Organics :
Unit-1 facility was recently inspected by WHO prequalification team and the company has received the WHO Pre-qualification approval for Unit-1.

🎯 Brigade Enterprises :
Brigade Group announces the launch of Parkside- Independent living for seniors, across Bangalore.

🎯 Seamec :
Company entered into a Charter Party with Supreme Hydro Engineering Pvt Ltd for charter hire of vessel 'Seamec Princess' for working at Mumbai High Offshore. The tenure of the contract is for a firm period of 150 days with option for extension. The value of Charter during firm period is $3.08 million.

🎯 Arrow Greentech :
Subsidiary Avery Pharmaceuticals Private Limited (Arrow Rx) received an approval for site plan to manufacture Mouth Dissolving Strips from Food & Drugs Control Administration (FDA).

🎯 Uflex :
Company has entered into an agreement to acquire 100 percent shares of Flex Chemicals Private Limited, Russia.

Edited by Sharp.

7th December, 2018 Morning Brief

A gap up opening expected after yesterday's fall as Asian stocks posted modest gains in early trade following an afternoon rally in the U.S. that erased most of the day’s losses.

Nervousness ahead of exit polls and results of five state elections, consistent global weakness and fall in INR valuation against US$ spooked markets yesterday.

Nifty50 has taken the support at 10600 which was very crucial as mentioned in yesterday's blog. Today market will trade on a cautious note ahead of exit poll outcome which will be flashing after market hours today.

🎯 News & Impact 🎯

🎯 HCL Technologies :
Company to buy select IBM software products for $1.8 billion. 

🎯 Sonata Software :
Company plans to acquire Australia Headquartered.

🎯 Lupin :
Lupin’s Canada arm received an approval from Health Canada for Zaxine drug used for the treatment of irritable bowel syndrome. 

🎯 Coal India :
Government sold 2.21% shares of Coal India. worth Rs 3,300 crore to Reliance Nippon Life Asset Management as the asset management company of the CPSE ETF mutual fund scheme.

🎯 Wipro :
Wipro’s digital business arm announced expanded global partnership with the U.S. based ‘Alfresco’ to offer open source digital solutions.

Edited by Sharp.

6th December, 2018 Morning Brief

Another gap-down opening will be witnessed on the Dalal Street today because of international markets' meltdown.

US stock futures tumbled on Thursday and Asian markets followed after Canadian authorities arrested a top executive of Chinese tech giant Huawei Technologies, fanning fears of further tensions between China and the United States.

Nifty50 took the support at 10750 which is also a 200 DMA level but its interesting to see whether today it will sustain above the level or will it slide towards 10600 mark an another crucial support.

🎯 News & Impact 🎯

🎯 Results Today :
Muthoot Finance

🎯 Power Grid Corporation : 
Company was declared a successful bidder under tariff based competitive pricing to establish transmission system for 2 X 660MW Thermal Power Project and construction of 400Kv substation with associated lines in Uttar Pradesh.
Positive for the stock. 👍

🎯 REC / PFC :
Cabinet will consider the proposal for PFC acquiring entire government holding in state-owned REC, which will fetch the government around Rs 15,000 crore (PTI).
Positive for REC.

🎯 GlaxoSmithKline :
Moody’s changed GlaxoSmithKline PLC outlook to negative from stable and its guaranteed subsidiaries.
Negative for the stock.

🎯 Adani Green Energy’s arm won a contract for 390 MW Wind-Solar Hybrid Auction at Rs.2.69 per KW-hour, said Sanjay Sharma, General Manager of Solar Energy Corporation of India. In the auctions for 840 MW worth of project the remaining tender was won by Softbank’s India JV for clean energy at a price of Rs 2.67 per KW-hour.

🎯 Lemon Tree Hotels :
Company opened a 201-room hotel property in Pune.

🎯 Trygyn Tech :
New York-based enterprise artificial intelligence startup WhizAI raises $1.1 million in seed funding led by Trigyn Technologies, Inc.

Edited by Sharp.

5th December, 2018 Morning Brief

Market will open with a gap down today jittered by a plunge in US markets and so Asian.

Nifty has made a doji type candle on the daily chart yesterday which signals an uncertainty. Nifty has a scope to recover the opening losses at the second half of the day if the outcome of RBI policy will be in favour. Otherwise Nifty has a support at 10750 level.

🎯 News & Impact 🎯

Result Today :
REC

🎯 PFC / REC :
Cabinet board to meet today to discuss merger both PFC and REC.

🎯 Lupin :
Company launched Silodosin Capsules after it received an approval from the U.S. FDA. 
Positive for the stock. 👍

🎯 Kesoram Industries :
Company had demerged it's tyre business  as Birla tyres with 1:1 ratio. Turnover of the de-merged business is Rs.1,453 crore which is 39 percent of the total revenues, as per the annual general report of financial year 2017-18. 

🎯 Tata Motors: S&P Global Ratings cut the automaker’s long term rating deeper into junk. 
Negative for the stock.

🎯 Oil India :
Company commissioned Cyclic Steam Simulation Technology in it’s well in Rajasthan, for extraction of heavy crude oil for the first time in India.

🎯 Kridhan Infra :
Company arm received order worth Rs 105 crore for highway project in Maharashtra.

🎯 TCS :
Company launches intelligent power plant solution to digitally transform utilities' operations.

Edited by Sharp.

4th December, 2018 Morning Brief

Market will open on a flat note today ahead of RBI monetary policy.

US China trade truce resulted into a rally on Wall street last night but jittered on Asian cues in the morning today.

🎯 News & Impact 🎯

🎯 Uflex :
Company's global film manufacturing arm received an U.S. patent that covers the entire categories of BOPET films. The company got the exclusive rights of manufacturing of the special film in the U.S., Europe and India.

🎯 NCC :
Company received two new orders worth Rs.220.2 crore for November from state government agencies. Of this, Rs.174.2 crore pertains to the electrical division while Rs.46 crore is for water division.

🎯 NMDC :
Company revised Lump Ore prices to Rs. 3,550 per ton and Fines at Rs.3,110 per ton, effective Dec.1.

🎯 Welspun Enterprises :
Company arm signed a concession agreement with NHAI for a four-laning construction project in Tamil Nadu.

🎯 India Cements :
Company acquired controlling stake of 51 % in Springway Mining Private Limited.

🎯 Sun Pharma :
Company clarified that it has not been involved in any insider trading norm violations relating to the Ranbaxy deal. 

🎯 Ceinsys Tech :
Company bagged project from Thane Smart City Limited worth Rs 121.04 crore towards supply, installation, commissioning, operation & maintenance for smart water meter & related infrastructure work for water supply system of Thane City

🎯 Infibeam Avenues: Company signed agreement for investment into Instant Global Paytech Private Limited.

30th November, 2018 Morning Brief

Market will open positively today in continuation of yesterday's bull run.

Nifty ended the November derivatives series on a strong note yesterday with a closing at 10858.7, 1st time after Oct. 1. INR below 70 a $ and Crude oil below $ 60 glittered the recent rally which haar opened the doors toward 11100 level though profit booking at higher is not ruled out.

🎯 News & Impact 🎯 

🎯 NBFC (DHFL, Edelweiss Financial, PFC, REC, Bajaj Finance, Indiabulls Housing Finance, Bharat Financial, Shriram Transport Finance, M&M Financial etc.) :
RBI provides liquidity relief to NBFCs, relaxing norms for securitisation transactions by NBFCs and minimum holding period for loans with 5-year maturity.
The Reserve Bank of India said that the minimum holding period requirement for NBFC originating loans, will now be set at six monthly or two quarterly instalments. Earlier, the holding period was 12 months. The revised rules were applicable for loans of original maturity of over five years. This will help housing finance companies, especially those who have longer maturity loans.

🎯 Infosys :
Infosys enables Citizens Energy Group to navigate next phase of its customer service transformation

🎯 Tata Motors-owned Jaguar Land Rover :
Company temporarily halted operations at its engine factory for a two-week production freeze in English Midlands.

🎯 Asian Oilfield Services :
Company received a contract worth Rs. 27.65 crore from ONGC to provide seismic data acquisition services in northern India.

🎯 ITI :
CCEA approved procurement quota to ITI by reserving 30 percent of procurement orders placed by BSNL, MTNL and BBNL for the company’s manufactured products and outsourced items.

🎯 Vodafone Idea :
CRISIL downgraded its rating on non-convertible debentures of Rs.6,000 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

29th November, 2018 Morning Brief

A gap up opening expected today as SGX Nifty is trading up by 95 points backed by strong gains in US markets yesterday.

US markets posted strong gains after a dovish tone from the Federal Reserve Chairman Jerome Powell fueled speculation the central bank may pause lifting interest rates next year.

Another green candle was plotted on the daily chart for Nifty50 yesterday. With a strong start, index will breach it's initial resistance of 10770 but may not cross 10850 level today. Today is the expiry day for November month expiry of derivative contracts.

🎯 News & Impact 🎯

🎯 TCS :
Company acquired U.S.-based consulting firm BridgePoint Group which caters to the financial services industry and retirement services.

🎯 GSK :
Company owns the popular milk drink brand Horlicks.

🎯 Cosmo Films :
Company decided to postpone the delivery and commissioning for a new production line for BOPET Film in Maharashtra by 8-10 quarters due to adverse market conditions.

🎯 Sical Logistics :
Company awarded contracts worth Rs. 363.38 crore by Mahanadi Coalfields for extraction of coal and allied transport services in Odisha. 

🎯 Indoco Remedies :
Company commissioned new API manufacturing facility in Maharashtra to enhance manufacturing capacity to 600 tonnes from existing 150 tonnes.

🎯 MLL :
Sold old vessel M. T. Vedika Prem for a consideration of Rs.28.54 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

28th November, 2018 Morning Brief

Market will open on a positive to flat note after 2 day's rally.

Market may face volatility on outcome of MP state assembly election poll today. 10770 and 10850 are the hurdles to the northward journey for the Nifty50 whereas 10600 will be the key support.

US markets turned positive on US - China trade relations.

🎯 News & Impact 🎯

🎯 IDBI Bank :
Competition Commission of India Approves LIC’s Acquisition of up to 51 percent equity stake in IDBI Bank.

27th November, 2018 Morning Brief

Market will open on a negative note today after a pull back rally.

Dow & S&P 500 both posted nearly 1.5 %gains whereas Nasdaq reported 2 %jump yesterday after last week’s sell-off.

Nifty50 recovered almost 100 points yesterday to regain 10600 level but failed to hold 10650 mark. It is interesting to see whether Nifty overcome 10650-10700 zone hurdle or not in coming sessions.

🎯 News & Impact 🎯

Major Results Today :
Rel Capital

🎯 Sun Pharma :
Company entered into a definitive agreement to acquire 100 percent stake in Japan based-Pola Pharma for $1 million.
Positive for the stock. 👍

🎯 Nava Bharat Ventures :
Company and its arm signed a contract with Tata Power Trading for power supply of 125MW to Telengana State Grid. 

🎯 Unichem Laboratories :
Company received EIR for post marketing adverse drug experience inspection by U.S. FDA.

🎯 IFCI :
Company received Rs.491.84 crore via NCLT on account of resolution passed by Binani Cements.

🎯 Linde India’s :
Acquisition from BOC Group, Praxair and Linde Holdings Netherlands BV triggered an open offer of its 25 percent equity stake to the public, payable by the acquirers amounting to Rs 589 crore if the full offer is accepted.

🎯 IL&FS Transportation Networks : Interest due and payable on November 26 on the NCDs was not paid to the debenture holders due to insufficient funds.
Negative for the stock.

🎯 Suzlon Energy :
Company has completed sale of Tornado to CLP and accordingly Tornado has ceased to be a subsidiary of the company.

🎯 Sunil Agro Foods :
Company has commenced commercial production on the expanded capacity.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

26th November, 2018 Morning Brief

Market will open on a flat positive note today.

The Nifty 50 lost around 250 points from its recent swing high of 10,774 to move near 10,500 in last trading session. The index is expected to be volatile in the coming week ahead of the expiry of November F&O contracts due next Thursday, experts said, adding the 10450 could be crucial support level for bulls.

Oil prices are trading near $60 ahead of weak demand and struggling financial markets.

🎯 News & Impact 🎯

🎯 Drop in crude oil prices will be positive for IOC, HPCL, BPCL, Jet Airways, SpiceJet, InterGlobe Aviation, Shalimar Paints, Apollo Tyres, MRF, Ceat, Asian Paints, Nerolac Paints.

🎯 Adani Enterprises :
Company incorporated a wholly owned subsidiary namely, Mundra Copper Limited.

🎯 Esab India :
Board declared an interim dividend of Rs. 90 per share. (Yield > 10% at CMP)
Positive for the stock. 👍

🎯 Infosys :
EdgeVerve Systems, a product subsidiary of company, successfully implemented the ProximityPayEdge Digital Payments solution, to provide RCB Bank's customers with a digital wallet for secure contactless payments.

🎯 IL&FS :
Company is unable to pay short-term deposit including interest worth Rs 218 crore due November 22.

🎯 Cairn / Vedanta :
Income Tax Department recovers Rs. 5,500 crore by selling company's shares in Vedanta. 

🎯 Shree rama multi tech :
Board decided to sell/ dispose of assets of Ambaliyara plant situated at Village Ambaliyara, Gujarat.

🎯 Virinchi :
Virinchi Hospitals commissions the first 'Out-reach Clinic' as a step towards pursuing its Hub & Spoke model.

🎯 GPT Infra :
Company bags order valued at Rs 81.50 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

22nd November, 2018 Morning Brief

Market will open on a positive-flat note today after consecutive fall on the second day yesterday. Nifty50 tried to test 10550 level but closed above it's important support of 10600 after making low of 10562.35. Nifty50 should sustain above 10630 to beat the down trend formed by last 2 days' pattern.

Mixed but flat closing in US markets also keeps anxiety in world markets to trade subdued today.

🎯 News & Impact 🎯

Results Update :
🎯 DHFL :
Company has reported 52.46% rise in its net profit at Rs.438.74 crore for the quarter ended September 30, 2018 as compared to Rs. 287.78 crore for the same quarter in the previous year. Total income of the company increased by 33.71% at Rs 3,519.22 crore for Q2FY19 as compared Rs 2,632.06 crore for the corresponding quarter previous year.

🎯 GMR Infra :
Company signed a concession agreement for development of commercial port in Andhra Pradesh.

🎯 Redigton India :
Redington Gulf FZE, (Redington Gulf) a step-down subsidiary of the company, had acquired additional 24.8 percent stake in Citrus Consulting Services FZ LLC (Citrus), its subsidiary company

🎯 Gujarat Ambuja Exports :
Company received National Green Tribunals order stating proceedings against the company’s maize processing unit at Uttrakhand have been dropped.

🎯 Huhtamaki PPL :
Company received closure directions from Maharashtra Pollution Control Board on Nov. 20 for its Thane Plant. 

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

21st November, 2018 Morning Brief

A flat to negative opening expected today tracking weakness in global markets.

US markets tumbled as as sinking oil prices hit energy companies, tech hardware continued to plunge with Apple leading the way and investors also remained on edge, with the International Energy Agency (IEA) warning of unprecedented uncertainty in oil markets due to a difficult economic environment and political risk.

Weak global cues and correction in technology stocks on rupee recovery hit market sentiment yesterday and Nifty50 posted 1% losses on the card. 10600 will be the immediate support and 10720 is an immediate resistance for the index.

🎯 News & Impact 🎯

🎯 Dr. Reddy :
Company’s had received regulatory approval to sell a generic version of the opiod treatment Suboxene Film before it was shut down by a federal judge.
Positive for the stock. 👍

🎯 HDFC Bank :
The bank acquired 4 percent equity stake in Clearing Corporation of India from Bank of Baroda for Rs 124 crore

🎯 Suzlon :
Company completed sale of two arms to Canadian Solar. The total consideration received for both companies stood at Rs 54.53 crore.

🎯 Minda Corporation :
Company has entered into definitive agreements with its joint venture partner, Furukawa Group of Japan.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

20th November, 2018 Morning Brief

A negative opening expected today on weak global cues.

Appreciation in the rupee, fall in crude oil prices and positive Asian cues helped the market rally yesterday.
Nifty50 has support at 10650 and resistance at 10850.

🎯 News & Impact 🎯

🎯 NMDC :
Company clarified that Donimalai mine’s lease had already been extended by the Karnataka state government for a period of 20 years with effect from Nov. 4.

🎯 PSP Projects :
Company bagged new institutional and industrial projects worth Rs.372.47 crore.

🎯 Kridhan Infra :
Company's Singapore arm won a construction order worth Rs 195 crore for link sewers from Singapore’s Public Utilities Board.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

19th November, 2018 Morning Brief

SGX Nifty indicates a gap-up opening today.

As mentioned, after breaching the resistance zone of 10600-10650, Nifty has inched towards 10700-10800 levels.
The Reserve Bank of India board discusses government demands to give up some surplus reserves and loosen liquidity norms for lenders today. Market participants will closely watch the outcome.

S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods.

🎯 News & Impact 🎯

Results Updates :

🎯 Siemens (Q4CY18, YoY) :
Revenue up 25.4 % at Rs.3,939.2 crore.
Net profit down 55.2 % at Rs.279.2 crore.
Margin at 10.6 % versus 10.01 %.

🎯 Dr. Reddy’s Laboratories :
Company received zero observations from audit of formulations plant in Andhra Pradesh by the U.S. FDA.
Positive for the stock. 👍

🎯 Power Grid Corporation’s :
Board approved increasing shareholding limit of foreign portfolio investors to 35 percent of the paid-up capital.
Positive for the stock. 👍

🎯 Infosys :
Infosys completed the formation of joint venture with Singapore based global investment company - Temasek.

🎯 BSE :
The Bombay Stock Exchange has decided to snap ties with S&P Dow Jones and plans to develop indices through its own in-house development team.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

16th November 2018, Morning Brief

A positive opening expected today after strong closing in US markets yesterday.

A report saying Washington would pause further tariffs on Chinese imports, US markets gained for the first time in six days.

Nifty50 was successful to close above 10600 after an another volatile session yesterday. Now it should surpass 10660 level to achieve 10700 mark. Again 10540 and 10440 are the important support zones.

Banking (ICICI, Axis, SBI), Auto (Maruti), NBFC (Bajaj Finance) and OMCs (HPCL, BPCL, IOC) stocks may to trade higher on account of fall in G-Sec Yield, Oil price and USDINR. 
Watch on Metal stocks – Copper, Zinc and Aluminum price has gained on LME - Positive for Hindalco, Vedanta. We are positive on Jindal Steel and JSW Steel as well.

🎯 News & Impact 🎯

🎯 Jet Airways :
Indian government is said to have asked the Tata Group to rescue Jet Airways.

🎯 SRF Industries :
Company extends capex estimates from Rs.180 crore to Rs. 257 crore for enhancement and integration of agrochemical plant in Gujarat.

🎯 Lemon Tree Hotels :
Company signs license agreement for a 76-room property in Odisha. The hotel will be operational by March 2020.

🎯 Greaves Cotton :
Company promoter Karun Carpets acquired 1.3 lakh shares from Nov. 13-14.

🎯 Aarti Industries :
Company promoter sold 1.3 lakh shares from Nov. 13-14.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

15 Nov. 2018 Morning Brief

A flat positive opening expected today.

US markets fell as financial stocks were hit by fears that regulations on the banking industry would tighten once the Democratic Party takes control of the US House of Representatives.

Asian markets are trading mixed in the morning trade today after U.S. equities declined and Treasuries stabilised following gains amid a renewed bout of risk aversion in American markets.

A volatile session ended with a marginal losses after a gap up opening. Nifty50 again failed to close above 10600 mark which clearly signaling lack of strength on higher level. 10600 and 10650 are the barriers for it's northward journey ahead and 10450 as an immediate support.

🎯 News & Impact 🎯

Results Updates :

🎯 Grasim (YoY) :
Revenue up 23.8 % at Rs.16,795 crore.
Net loss at Rs.1,446 crore versus net profit at Rs.524.9 crore.
Margin at 15.2 % versus 18.6 %.

🎯 Vodafone Idea (Q2, Consolidated) :
Revenue at Rs.7,664 crore.
Net loss at Rs 4,974 crore.
Margin at 6 %.

🎯 Ujjivan Financial Services (YoY) :
Net interest income up 33.8 % at Rs. 261.2 crore.
Net Profit at Rs.44.3 crore versus net loss at Rs.12 crore.
NIM at 12 % versus 10.6 %.
Loan book up 24.7 % at Rs.8,317 crore.
GNPA at 1.9 % versus 2.7 % (QoQ).
Positive for the stock. 👍

🎯 Thermax (YoY) :
Revenue up 38.2 % at Rs.1,427.6 crore.
Net profit up 30.2 % at Rs.74.5 crore.
Margin at 7.7 % versus 9.2 %.

🎯 Apollo Hospitals (YoY) :
Revenue up 15.3 % at Rs.2,090.1 crore.
Net profit up 11.4 % at Rs 79 crore.
Margin at 12.3 % versus 12.2 %.

🎯 Indian Hotels (YoY) :
Revenue up 13.2 % at Rs.964.5 crore.
Net Loss at Rs.5.2 crore versus net loss at Rs.57.7 crore.
Margin at 10.3 % versus 6.4 %.

🎯 Alkem Laboratories :
Company received no observations on Form 483, as the U.S. FDA completed the inspection at the company’s Bioequivalence Facility at Taloja, Maharashtra.

🎯 Kotak Bank :
ING Group seeks to to sell its entire 3.7 % stake in Kotak Mahindra Bank via block deals.

🎯 Sundaram Finance :
Sundaram Finance and Netherlands based Ageas Insurance along other with Indian shareholders signed an agreement, where by the Dutch company will acquire 40 % stake in Royal Sundaram General Insurance for Rs.1,520 crore, Sundaram Finance proposes to divest 25.9 % of its stake in insurance arm bringing down its holding from 75.9 % to 50 % for Rs.984.2 crore.

🎯 IOL Chemicals & Pharma :
Board approved enhancing of Metformin Unit for Rs.2.7 crore and completion of Clopidogrel Bisulphate and Fenofibrate for Rs.19.26 crore.

🎯 Kabra Extrusiontechnik :
Company announced the extension of its partnership with its German counterpart Battenfeld Cincinnati beyond 2026.

🎯 TATA Power :
Company's joint venture ‘Resurgent Power’ signed a share purchase agreement to acquire 75 % stake and 27 crore preference shares in Prayagraj Power Generation for Rs.6,000 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

14th Nov. 2018 Morning Brief

Market will open with a gap up despite flat mixed global cues.

Energy sector pulled the Dow index down yesterday. Recovery in tech stocks kept Nasdaq into green.

Crude oil prices dropped by 7 % on US exchange which can ignify the hope of recovery in the market.

Nifty Outlook :
Yesterday we have seen a smart recovery from the beginning of the session shrugging off massive losses in US markets. But Nifty50 could not able to surpass 10600 level and closed just at 10582.5 after making an intra day high of 10596.25.
Nifty50 has plotted a bullish piercing candle on the daily chart which signals temporary bullishness for the next session.
Nifty will sneak the 10600 level hurdle at the opening time but it will be interesting to see whether it will sustain above till the  end of the day. Next resistance would be around 10700 and 10850 levels.

🎯 News & Impact 🎯

Major Results Today :

Grasim, M&M

Results Updates :

🎯 Tata Steel :
Revenue up 34.1 % at Rs.43,544.1 crore.
Net profit up 4 times at Rs. 3604.2 crore versus Rs.975.9 crore.
Margin at 20.5 % versus 14.5 %.

🎯 Sun Pharma :
Revenue up 4 % at Rs.6938 crore.
Net loss at Rs. 219 crore versus profit of Rs. 912 crore.
Margin at 22.5 % versus 20.7 %.

🎯 Zee Entertainment Enterprises :
Company promoters plan to sell 50 % stake in the company to a strategic partner.

🎯 Hindalco :
Company said Novelis will invest $175 million to expand aluminium production and recycling capabilities in Brazil.

🎯 Sasken Technologies :
Company received assessment order from the IT department under section 143(3) of the Income Tax Act, 1961 with a Rs 68 crore has been raised as a tax demand.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

13th November, 2018 Morning Brief

A gap down opening expected today as SGX Nifty is trading down by 40 points tracking global markets.

US markets ended down with a fall in major indices by cracking financial as well as tech stocks led by Goldman Sachs and Apple. As a result, Asian markets have started on a negative note today.

Even after positive start yesterday, market failed to hold the steam and tumbled to end near intraday low after falling almost 1%. Nifty again failed to hold 10600 level and as it was indicating pessimism, Nifty collapsed ahead of IIP data and inflation figures. Nifty has made a long bearish candle on the daily chart yesterday.

🎯 News & Impact 🎯

Major Results Today :

Tata Steel, Sun Pharma, Ashok Leyland, Jindal Steel & Power, Engineers India.

Results Updates :

🎯 Coal India (YoY) :
Revenue up 22.3 % to Rs.22,198.1 crore.
Net Profit at Rs. 3,084.7 crore versus Rs 370.4 crore.

🎯 Eicher Motors (YoY) :
Revenue up 11.1 % at Rs.2,408.2 crore.
Net profit up 5.9 % at Rs.548.8 crore.
Margin at 30.3 % versus 31.5 %.

🎯 Aurobindo Pharma (YoY) :
Revenue up 7.1 % at Rs.4751.4 crore.
Net profit down 21.7 % at Rs.611.4 crore.
Margin at 21.6 % versus 25.2 %.

🎯 Aurobindo Pharma :
Company entered into an agreement to purchase research and development assets from Australia based Advent Pharma, which deals in complex specialty generics. 

🎯 HCL Technologies :
Company announced partnership with NetBrain Technologies to offer network visibility and network automation capabilities for enterprise IT teams.

🎯 NBCC :
Company received order for construction of Ayurveda Institute in Goa for Rs 260 crore. 

🎯 Lupin :
Company announced the launch of Atovane Oral Suspension USP launches in the U.S., after having received an approval from U.S. FDA earlier.

🎯 Shree Cements :
Company to add capacity in two plants located in Jharkhand and Odisha.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

12th November, 2018 Morning Brief

Flat negative opening expected today.

US market reported negative closing on Chinese economy slow down report. Asian markets trading in green territory after negative opening in the morning trade today.

Nifty50 plotted a hanging man type pattern on the daily chart on Friday. As mentioned on Friday, a continuous failure of Nifty50 to settle above 10600 mark shows an indication of exhaustion of current pull-up rally which contained almost 600 points. We can find out support around 10450 level.
A Rupee appreciation by nearly 50 paise against US$ was not welcomed by the market though. All eyes will be at IIP data and inflation figures which will be announced after market hours today.

🎯 News & Impact 🎯

Major Results Today :
Coal India, Eicher Motors

Results Updates :

🎯 TITAN :
Net profit growth at Rs.314.4 crore, up 2.9% YoY; operating margin falls to 10.6%

🎯 Wipro :
Wipro’s acquired entity Appirio launched a new office in Porto, Portugal to expand its European operations. 

🎯 Premier Explosives :
Company received arm license from Arms License Issuance Authority for manufacture of ammunition, propellants and compounds at greenfield Katepally plant in Telangana.

🎯 Orient Press :
Company received an approval from Maharashtra Pollution Control Board to restart manufacturing at Tarapur plant. 

🎯 ONGC :
Government plans to sell 149 fields of ONGC to private companies.

🎯 Biocon :
Company's Generic Formulations Facility in Bengaluru completes USFDA inspection with No 483 observations

🎯 Cipla :
Company receives final approval for generic version of Roche's Valcyte

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

9th November, 2018 Morning Brief

A flat negative opening expected on the track of weak global cues.

On the special session, a day before yesterday Nifty opened with a gap up and ended just below 10600 mark again. Failing to sustain and close above 10600 mark can show the exhaustion in the current pull-up rally.

The US Federal Reserve held interest rates steady on Thursday. Stocks fell and the dollar extended gains after the Federal Reserve left interest rates unchanged while confirming it was still on course to hike in December.

Asian stocks dipped on Friday as Wall Street took a breather after the Federal Reserve kept intact its plans to continue raising interest rates at a gradual pace, with a fourth hike for this year expected next month, according to a Reuters report.

🎯 News & Impact 🎯

Major Results Today :
Titan, Indian Bank

Results Updates :

🎯 Aditya Birla Capital (YoY) :
Revenue up 33.1 % at Rs.3,590.5 crore.
Net profit down 12 % at Rs.197.9 crore.

🎯 Mannapuram Finance (YoY) :
Net Interest Income up 19 % at Rs.697.1 crore.
Net profit up 39 % at Rs. 222.2 crore.

🎯 GAIL :
Company awarded contracts worth Rs. 1,100 crore for feeder gas pipeline project in Assam.
Positive for the stock. 👍

🎯 Bharti Airtel :
Moody’s placed the telecom operator’s current rating of Baa3 on review for downgrade.
Negative for the stock.

🎯 Glenmark Pharma :
Company launched Phase 1 trial for its Bispecific Antibody, aimed to cure solid tumors.

🎯 Majesco :
Company entered into an agreement with Indonesia-based PT PFI Mega Life Insurance to develop management solutions.

🎯 PNB :
Government of India increased stake in Punjab National Bank by 5.83 % to take its shareholding to 71.92 %.

🎯 Mphasis :
Company to acquire U.S.-based Stelligent Systems for $25 million. 

🎯 NMDC :
Lease deed for Donimalai Mine renewed for 20 years by Karnataka State Government with effect from Nov. 04.

🎯 Eris Lifesciences :
Company increased stake by 6.71 percent stake in Kinedex with total consideration of Rs.10.7 crore.

🎯 JSW Steel :
Crude steel production increases 8 % to 14.47 lakh tonnes in October 2018 against 13.43 lakh tonnes YoY.

🎯  Stride :
Company enters into a strategic partnership with SUDA Pharmaceuticals for the US market.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

7th November, 2018 Special Session

A gap-up opening expected on the special session this evening. But profit booking expected on higher levels below 10700 mark.
US markets closed above half a percent yesterday and European markets are trading higher more than a percent today.

Nifty Outlook :

Nifty50 was struggling to sustain above 10600 in last four sessions which tremors the confidence of the bulls. It is advisable to wait and judge well before taking heavy positions in the current scenario.
10700 & 10850 are the obstacles whereas 10330 and 10000 are the support levels for Nifty50 in the coming days on technical parameters..
Bank Nifty also need a boost to surpass and close 26100 level though it is in a positive zone.
Other than fundamental scrips, there are some stocks to trade Positionally with a  technical view from Nifty 100 :

ABB sl 1283
Ashok Leyland sl 115
BoB sl 106
HclTech sl 995
HDFC Life sl 384
Idea sl 39.5
L&TFH sl 126
NIACL sl 216
Pidilite sl 960
Tata steel sl 565
Ultratech sl 3595

Best wishes.

© 2018 Sharp Investment & Financial Advisers

6th November, 2018 Morning Brief

A flat-positive opening expected in line with positive Japanese and US markets and as a higher Rupee opening against US$.

Nifty50 has plotted a hanging man kind pattern on the daily chart yesterday as it travelled in a short range and gave a negative closing.

🎯 News & Impact 🎯

Results Updates :

🎯 SBI :
Q2: Net profit was down 40.3% at Rs 944.9 cr vs Rs 1,581.6 cr.
NII was up 12.5% at Rs 20,905.7 cr vs Rs 18,585.9 cr, YoY.

🎯 Power Grid Corporation (Q2)
Revenue up 14.2 % at Rs.8283 crore.
Net profit up 7.9 % at Rs.2309.5 crore.
Margin at 84.2 % vs 89.3 %.

🎯 Coal India :
The Government of India reduced its stake in Coal India by 3.19 % to 75.13%.

🎯 HCL Tech :
Company tied up with Deutsche Bank to provide digital cheque processing platform to the bank.

🎯 Wipro :
Company tied up with Check Point Software to offer cloud solutions to the company.

🎯 Adani Gas :
Company plans to invest up to Rs.8,000 crore in five years.

🎯 Bodal Chemicals :
informed that the majority of dye intermediate operations have restarted

🎯 Siemens :
Competition Commission approves Alstom-Siemens deal.

🎯 Tata Motors :
Company inks pact with Gulf Oil.

Edited by Sharp
© 2018 Sharp Investment & Financial Advisers

5th November, 2018 Morning Brief

Market will open with a gap down in line with US markets and Asian markets.

Sharp recovery in the rupee, fall in crude oil prices and rising hope of trade negotiations between the world's largest economies US and China boosted investor sentiments on Friday, resulted into a strong move in Indian equity market. But profit booking ahead of festive season pulled the indices down to end up at day's low.

10700 & 10890 are the next resistance levels for the Nifty50. Whereas 10350 is the support.

US stocks snapped a three-day rally on Friday as Apple shares dropped following a disappointing forecast and the White House dampened optimism over US-China trade talks. 

🎯 News & Impact 🎯

New Listing :
Adani Gas

Major Results Today :
Gail, Cipla, Power Grid, State Bank of India, Bosch, PNB Housing Finance

Results Updates :

🎯 Axis Bank (YoY) :
NII up 15.3 % at Rs.5,232.1 crore.
Net profit up 82.6 % at Rs.789.6 crore.
Provisions at Rs. 2,927.4 crore versus Rs. 3,337.7 (QoQ).
GNPA at 5.96 % versus 6.52 % (QoQ).

🎯 ONGC (QoQ) :
Revenue up 3 % to Rs.27,989 crore.
Net Profit up 35 % to Rs.8,265 crore.
Margin at 56.4 % vs 54.1 %.
Positive for the stock. 👍

🎯 SAIL India (YoY) :
Revenue up 22.8 % at Rs.16,718 crore.
Net profit at Rs.553.7 crore vs net loss at Rs.539.1 crore.
Margin at 14.1 % versus 6.7 %.
Positive for the stock. 👍

🎯 Sun TV Network (YoY) :
Revenue up 10.9 % at Rs.749.6 crore.
Net profit up 23.4 % at Rs.351.3 crore.
Margin at 73.9 percent versus 73.4 %.

🎯 Bombay Stock Exchange (YoY) :
Revenue down 3 % at Rs.115.2 crore.
Net profit down 31.3 % at Rs.45.9 crore.
Margin at 8.9 % versus 28.6 %.

🎯 Laurus Labs :
Company announced the completion of U.S. FDA inspections of its Unit 6 API intermediate facility in Andhra Pradesh with one observation.

🎯 KEC International :
Company signed a sales purchase agreement with Adani Transmission regarding the sale of its entire subsidiary for Rs 227.5 crore.

🎯 Johnson Controls-Hitachi Air Conditioning :
Company plans to invest Rs.140 crore in setting a development center.

🎯 Strides Pharma Science :
Company announced the completion of inspection by the U.S.FDA at its flagship facility in Bangalore with zero Form 483 observations.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

2nd November, 2018

Market will open on a positive note with a gap tracked by positive Asian and US markets as Trump, Xi lift hopes on resolving trade row.

A volatile session ended on a marginal loss though it was inched up in the morning.
Nifty50 failed to cross its resistance of 10450 and it is interesting to see whether it will cross the resistance zone of 10450-10500.

US markets had positive sentiment after President Donald Trump said trade talks with China were “moving along nicely,” reviving hopes that the two countries can resolve their trade dispute.

🎯 News & Impact 🎯

Major Results Today :
Axis bank, PNB, Hindalco, IOC, NTPC, BSE

Results Updates :

🎯 Hind Petro :
Revenue down 0.2 % to Rs.67,518 crore.
Net profit down 36.5 % to Rs 1,092 crore.
Company will shut its crude unit in Mumbai refinery in January-March 2019 for 10 days.

🎯 GlaxoSmithKline Consumer Healthcare (Q2, YoY) :
Revenue up 14.4 % at Rs.1,272 crore.
Net profit up 43.2 % at Rs.275.5 crore.

🎯 DLF (Consolidated; YoY) :
Net profit up 26 % to Rs.375 crore. Revenue up 35 % to Rs.2,139 crore.

🎯 TCS :
Company acquired W12 Studios, an award-winning digital design studio based in London.

🎯 Goodyear India :
Company will be shutting down its manufacturing plant in NCR and the boiler operations of the plant from Nov. 4 to Nov. 10 in response to Environment Pollution Authority’s public notice.

🎯 Gallantt Ispat :
Power purchase agreement between Uttar Pradesh Power Corporation Limited and the company has been executed. 

🎯 Deepak Nitrite :
Company commenced operations at its phenol and acetone plant.

🎯 ITD Cementation :
Company received complaint regarding alleged irregularities in disposal of scrap. Resulted into 3.6 crore loss.

🎯 Eicher Motors October auto sales: Royal Enfield sales up 1 % at 70,451 units versus 69,492 units; exports fall 72 % to 407 units versus 1,478 units YoY.

🎯 HeroMotoCorp October auto sales: Total sales rise to 7.3 lakh units versus 6.3 lakh units YoY.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

1st November, Morning Brief

Market will start with a positive note in continuation of yesterday's bull run.

As mentioned yesterday, after shrugging off 10350 resistance for Nifty50, it had inched towards 10500, a next resistance.

A volatile session ended with almost 300 points' gain for the Nifty50 from it's day low backed by strong global cues resulted into a bullish candle.

India's ranking on World Bank's latest Ease of Doing Business leaped by 23 notches to the 77th rank.
Growth of eight infrastructure sectors slowed down to 4.3 % in September, the lowest in the last four months.
US$ appreciated against IN₹ by 27 paise to settle 73.95. These two things may pinch the traders' sentiments.

US markets also cheered the better expectations about margins of social giant, Facebook. Dow closed up with 241 points' gain whereas Nasdaq added 144 points and S&P rose by 1%.

🎯 News & Impact 🎯

Major Results Today :
Hindpetro, HDFC, DLF, Marico.

Results Updates :

🎯 L&T :
Revenue up 21 % at Rs.32,081 crore.
Net profit up 22 % at Rs.2,230 crore.
Margin at 11.7 % versus 11.2 %.

🎯 Tata Motors :
Revenue up 3.3 % at Rs.72,112.1 crore.Ebitda down 16.4 % At Rs.6,757.6 crore.
Net loss at Rs. 1,049 crore versus net profit at Rs. 2,482.8 crore.
Margin at 9.4 % versus 11.5 %.
JLR -
Net revenue down 11 % to £5.6 billion.
Ebitda margin at 9.1 % versus 11.8 %.
Loss at £100 million versus £253 million.

🎯 Vedanta :
Revenue up 5.16 % at Rs.22,705 crore.
Net profit down 34.3 % at Rs.1,343 crore.
Margin at 22.9 % versus 26.3 %.

🎯 Adani Power :
Revenue up 16.6 % at Rs.7,181.5 crore.
Net profit up 22.1 % at Rs.3,86.9 crore.
Margin at 32.4 % versus 34.5 %.

🎯 Canara Bank :
Net interest income up 17.9 % at Rs. 3281.3 crore.
Net profit up 15.1 % at Rs.299.5 crore.
Provisions at Rs 2403.1 crore versus Rs. 2,466.2 crore. (QoQ)
GNPA at 10.56 % versus 11.05 % (QoQ).

🎯 United Spirits :
Revenue up 14.2 % at Rs.2,228.1 crore.
Net profit up 69 % at Rs.258.7 crore.
Margin at 19.4 % versus 16.3 %.

🎯 Adani Enterprises :
Company to be in focus as it reconsiders the mine plan for its Carmichael coal project in Queensland to allow production with a much lower initial capital investment.
Positive for the stock. 👍

🎯 Eicher Motors :
Company reported production loss of 25,000 units of motorcycle in September and October.

🎯 MLL :
ONGC clarified that it has terminated oil rig contract with Mercator on Oct. 10.
Negative for the stock.

🎯 Fortis :
The Competition Commission of India approved acquisition of the company and Fortis Malar Hospital by Northen TK Venture.

🎯 Shriram EPC :
Company bagged order worth Rs.236 crore from Drinking Water and Sanitization Department of Jharkhand Government.

🎯 Lemon Tree Hotels :
Company signs license agreement for 27 room city hotel in Bhutan, will be operational by March, 2019.

🎯 VA Tech Wabag :
Company secured Rs.1,000 crore order for engineering, design and build contract towards the expansion of sewage water treatment plant from the Middle East.

🎯 Aviation stocks :
IOCL raises jet fuel prices by 5.2% compared to last prices.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

31st October, 2018 Morning Brief

A negative to flat opening expected today.

The market has seen consolidation on Tuesday after a day of massive rally on Monday and ended with a fall of around half a percent.

US markets and Asian markets were up firmly with more than a percent.

Nifty50 has to sustain above 10350 decisively to head up towards 10500 level.

🎯 News & Impact 🎯

Major Results Today :
L & T, Tata Motors, Vedanta, Adani Enterprises, Canara Bank, Dabur, Lupin, United Spirits.

Results Updates :

🎯 Tech Mahindra
Revenue up 4 % at Rs.8,630 crore.
Net profit up 18 % at Rs.1,064 crore.
EBIT up 23 % to Rs.1,325 crore.
Margin at 15.3 % versus 13.0 %.
Dollar revenue down 0.5 % at $1218 million.

🎯 Pidilite :
Revenue up 14.9 % at Rs.1,757.4 crore.
Net profit down 8.1 % at Rs.231.6 crore.
Margin at 20.8 % versus 24.6 %.

🎯 IRB :
Revenue up 19.5 % at Rs.1,432.3 crore.
Net profit down 26.3 % at Rs.172.9 crore.

🎯 Torrent Power :
Revenue up 18.4 % at Rs.3,444.5 crore.
Net profit up 29.7 % at Rs.412.2 crore.

🎯 Bank of Baroda :
Net interest income up 20.7 % at Rs. 4,492.5 crore.
Net profit up 19.7 % at Rs.425.4 crore.
Provisions for NPA at Rs.1,466.6 crore versus Rs.1,759.7 crore (QoQ).
GNPA at 11.78 % versus 12.46 % (QoQ).

🎯 Dr. Reddy’s Laboratories :
Company received Form-483 with eight observations by the U.S. FDA at the Vishakapatnam facility.
Cautious on stock.

🎯 Coal India :
Government said it will sell three percent stake in Coal India with an over subscription option of selling additional six percent stake as offer for sale to public.

🎯 Tata Steel :
Thyssenkrupp AG and Tata Steel plans to set up a European steel company with equal shares of ownership.

🎯 Garden Reach Shipbuilders & Engineers :
Company entered into contract with Ministry of Defence for construction and delivery of four survey vessels for Rs. 2,435.2 crore. 

🎯 GMR Infra :
GMR Infrastructure arm acquired 100 % stake in Menzies Aviation Cargo for Rs. 59.8 crore.

🎯 Indiabulls Real Estate :
Company’s wholly-owned subsidiary entered into definitive agreement to acquire a land parcel of 140 acre for development of integrated township and commercial building in Gurugram.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

30th October, 2018 Morning Brief

Flat opening expected today.

As clearly mentioned yesterday about that the market was near it's bottom and thus an expectation about pull-up rally, we have witnessed the 220 points' rally. All round buying pulled the Nifty50 to settle above 10250 mark yesterday.

Fresh worries about US-China trade policy tensions and a sharp drop in the big technology and internet shares corrected the US markets last night.

🎯 News & Impact 🎯

Major Results Today :
Tech Mahindra, IRB, Pidilite, Bob, Torrent power.

Results Updates :

🎯 BPCL :
Revenue up 0.9 % at Rs.72345.8 crore.
Net profit down 46.9 % at Rs.1218.7 crore.
Margins at 3.3 % versus 5.4 %.

🎯 LIC Housing Finance :
Net interest income up 9.2 % at Rs.1059.9 crore.
Net profit up 11.5 % at Rs.573.2 crore.

🎯 Union Bank of India :
Net interest income up 7.4 % at Rs. 2493.1 crore.
Net profit at Rs. 139 crore versus Net loss at Rs.1530.7 crore.
Net NPA at 8.42 % versus 8.70 % (QoQ).
Provisions for NPAs At Rs.1710 Crore versus Rs.1803.2 crore (QoQ).
Positive for the stock. 👍

🎯 Just Dial :
Revenue up 13.6 % at Rs.221 crore.
Net profit up 29 % at Rs.48.4 crore.
Ebitda up 44.9 % at Rs.57.4 crore.
Margin at 26 % versus 20.4 %.
Positive for the stock. 👍

🎯 HDFC AMC :
Revenue up 11.7 % at Rs.480.4 crore.
Net profit up 14.5 % at Rs.205.9 crore.
Margin at 54.6 % versus 55 %.
Positive for the stock. 👍

🎯 Granules India :
Revenue up 48 % at Rs. 580.9 crore.
Net profit up 49.6 % at Rs.60.3 crore.
Margin at 17.3 % versus 19.6 %.
Positive for the stock. 👍

🎯 Cadila Healthcare :
Company acquired 51 % stake in Windlas Healthcare.

🎯 Biocon :
Biocon along with its partner Mylan received a positive CHMP opinion from European Medicines Agency’s Committee for recommending approval of Ogivri. 

🎯 Rane Holdings :
Company approved divestment of 48.97 percent stake in its JV ‘JMA Rane Marketing.’

🎯 HSIL :
Company signed a distribution agreement with Formenti E Giovenzana of Italy for distribution of kitchen and furniture functional hardware fitting products.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

29th October, 2018 Morning Brief

Market will open on a positive note today. Asian stocks edged higher with U.S. stock futures, indicating some respite from the recent global sell-off at the start of the week.

A large bearish candle was formed on the daily chart on Friday. Nifty is near to its bottom as Nifty50 has touched almost 10000 mark and it has support around 9950 - 10000 zone. Anytime we can see a pull-up rally upto 10130-10250 to 10350 levels.

A rout in technology shares deepened Friday, threatening to push the S&P 500 Index into corrective territory along with the Nasdaq Composite Index.

🎯 News & Impact 🎯

Major Results Today :
BPCL, HDFC AMC, Tata Power, Colgate, LIC Hsg Fin

Results Updates :

🎯 ICICI Bank :
NII up 12.4 % at Rs.6,418 crore.
Net Profit of Rs. 909 crore versus Rs. 2,058 crore.
Total Provisions at Rs. 3,994 crore versus Rs. 5,971 Cr (QoQ).GNPA (as percent of gross advances) at 9.30 % versus 9.65 % QoQ.

🎯 Nestlé :
Revenue up 17 % at Rs.2939 crore.
Net profit up 30 % at Rs.446 crore.
Ebitda up 24 % at Rs.724.5 crore.
Margin at 24.7 % versus 23.2 %.

🎯 Divis's Lab :
Revenue up 44 % at Rs.1,285 crore.
Net profit up 92 % at Rs.398 crore.
Ebitda up 85 % at Rs.514 crore.
Margin at 40 % versus 31 %.

🎯 Axis Bank to sell 19.79 lakh shares or 4.95 % equity in NSDL to HDFC Bank for Rs.163.34 crore.

🎯 Cox & Kings :
Company to sell HB Education, wholly owned subsidiary to U.K. based Midlothian Capital Partner for and enterprise value of £467 million, i.e., Rs. 4,380 crore.

🎯 Dr. Lal Path Labs :
Company received NCLT, New Delhi bench’s approval for merger of Delta Ria and Pathology with self.

🎯 Peninsula :
Peninsula Land to acquire 71 % stake in RR Mega City Builders for Rs.5.04 crore.

🎯 Dishmam :
The U.S. FDA completed inspection of Dishmam Carbogen Amcis’s Bavla facility without any major or critical observations.

🎯 Birla Corporation :
Company’s wholly owned subsidiary approved the 1.2 MTPA cement capacity expansion plan. 

🎯 India Cements :
Company to acquire Springway Mining Pvt. Ltd. for Rs 183 crore with an objective of setting up of a cement plant in Madhya Pradesh.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

26th October, 2018 Morning Brief

Market will open on a negative side today.

After a gap-down opening yesterday, Nifty made a new 7 month low but recovered later to settle at 10124.9 on the last day of October month derivative expiry. Nifty has a resistance around 10290-10350 zone.

Another Doji formation on the daily chart but plotting lower lows. Nifty should close above 10550 to regain the bullish momentum though a dip below 10000 mark is not ruled out.

Microsoft's upbeat earnings helped US markets to recover almost previous session's losses.

🎯 News & Impact 🎯

Major Results Today :

ICICI Bank, ITC, UPL, Dr. Reddy’s Lab, BEL, Nestlé.

Major Results Updates :

🎯 Yesbank :
Net Interest Income up 27 % at Rs.2,407 crore.
Net profit down 4 % at Rs. 965 crore.
Provisions up 50 % at Rs.940 crore.
GNPA at 1.60 % versus 1.31% (QoQ).
Positive for the stock. 👍

🎯 Bharti Airtel :
Revenue up 2 % at Rs.20,423 crore.
Net Profit up 22 % at Rs.119 crore.
Margin at 30.6 % versus 33.5 %.

🎯 Biocon (YoY) :
Revenue up 36 % at Rs.1,321 crore.
Net profit up 5.1 times at Rs. 355 crore.
Margin at 25.7 % versus 18.9 %.
Positive for the stock. 👍

🎯 L&T Technologies (YoY) :
Revenue up 40.6 % at Rs.1,226.1 crore.
Profit up 55.7 percent at Rs 191 crore.
Ebitda Margin at 18.1 %.

🎯 RBI clarified that Ujjivan Financial and Equitas Holdings must list small finance bank separately.

🎯 Essar Steel :
Ruia family offered to pay all creditors to retain ownership of Essar Steel.

🎯 Kridhan Infra :
Kridhan Infra arm received construction order worth Rs.167 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

25 October, 2018 Morning Brief

Negative opening expected today amid  weak global cues.

A volatile session ended with a positive note yesterday. Nifty50 has made a hammer pattern on the daily chart.

The disappointing forecasts from tech companies and weak home sales data fueled jitters about economic and profit growth in US markets which lead to a heavy correction in a day which wiped out yearly gains. Along with the worries about rising borrowing costs made Asian markets nervous.

🎯 News & Impact 🎯

Major Results Today :

Maruti, Yes Bank, Bharti Airtel, JSW Steel, BHEL, Biocon.

Results Updates :

🎯 Wipro :
Revenue up 2.4 % at Rs.14568 crore.
Net profit down 9.9 % at Rs.1886 crore.

🎯 IndiGo :
Revenue up 17 % at Rs.6185 crore.
Net loss of Rs. 652 crore versus Net profit of Rs.552 crore.

🎯 Bharti Infratel :
Profit falls to Rs.599.8 crore versus Rs. 638 crore;
Revenue slips to Rs. 3,668.3 crore versus Rs.3,673.5 crore QoQ.

🎯 Ibrealest :
Profit jumps to Rs.75.92 crore versus Rs. 61.64 crore;
Revenue surges to Rs.1,040.42 crore versus Rs. 470.77 crore YoY.

🎯 IDFC Bank :
Loss Rs 369.7 crore versus profit at Rs. 233.66 crore;
Net interest income falls to Rs.451.2 crore versus Rs. 461.88 crore YoY.

🎯 L&T Infotech :
Profit jumps to Rs.400.1 crore versus Rs. 272.6 crore;
Revenue increases to Rs.2,331.2 crore versus Rs. 2,155.7 crore QoQ.

🎯 IL&FS :
Company has failed to pay interest on non-convertible debentures.
Negative for the stock.

🎯 KPIT Tech :
Company will be tech partner for BMW’s autonomous driving project.

🎯 Dynemic Products :
Company stopped work at Ankleshwar unit after receiving notice from Gujarat Pollution Control Board.

🎯 Schaeffler India :
Company successfully completed its merger of INA Bearings India Pvt. Ltd. and LuK India Pvt. Ltd. Combined entity will rake in revenue of over Rs.4,100 crore.

🎯 Tata Chemicals :
Company signed an MOU with CSIR-Central Electrochemical Research Institute, Karaikudi to scale up manufacturing of cathode materials for Lithium-ion cells.

🎯 Kilitch Drugs (India) :
Company set to boost its expansion plans in Africa with its first manufacturing plant in Addis Ababa, the capital city of Ethopia.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

24th October, 2018 Morning Brief

A gap-up start can be seen in the market today. A strong Rupee opening can support the start.

A Doji candle formed on the daily chart for Nifty50 on yesterday.

Global concerns and rupee volatility dragged the market near seven-month low on yesterday. After a sharp gap down opening the Nifty50 traded lower throughout the session and closed near its starting point of the day. INR slipped from day high of 73.83 to 73.57 against the dollar and crude oil prices also eased which made last hour recovery in the market. Meanwhile, emerging markets' guru Mark Mobius urged the Indian government to accelerate reforms and ease rules for exports to take advantage of the ongoing trade war globally. He said India has a potential to attract overseas investment and it can take advantage of the weak rupee.

US stocks fell on Tuesday after worries about the earnings outlook, profit growth, concerns over the upcoming US mid-term elections and Italy’s budget.

🎯 News & Impact 🎯

Watch on Housing Finance stocks, Banking stocks. Cabinet meeting will be held today to discuss on housing for all ahead of election

Major Results Today :

Bajaj Auto, Bharti Infratel, Kotak Mahindra Bank, Wipro.

Results Updates :

🎯 HCL Tech :
Dollar revenue up 2.1 % at $2,099 million.
Profit up 5.7 % at Rs.2,540 crore.
EBIT up 8.7 % at Rs.2,966 crore.
EBIT margin at 19.8 % versus 19.7 %.
Positive for the stock. 👍

🎯 Bajaj Finserv :
Revenue up 17 % to Rs.9,698 crore.
Revenue from insurance business up 9.2 % to Rs.4633 crore.
Net profit up 1 % to Rs.704 crore versus Rs. 698 crore.

🎯 Adani Ports :
Revenue down 4 percent to Rs.2,608 crore.
Net profit down 39 % to Rs.606 crore.

🎯 Rallis :
Revenue up 11.8 % at Rs.613.2 crore.
Net profit up 6.1 % at Rs 87 crore.

🎯 HDFC Standard Life :
Net premium income up 26 % to Rs.6,778 crore.
Net profit up 20 % to Rs.287 crore.

🎯 ICICI Prudential :
Net premium income up 16 % to Rs.7601 crore.
Net profit down 29 % to Rs.301 crore.

🎯 Ambuja Cement :
Revenue up 12.6 % at Rs.2,613.9 crore.
Net profit down 34.4 % at Rs.178.6 crore.
Ebitda up 1.1 % at Rs.358.1 crore.
Margin at 13.7 % versus 15.3 %.

🎯 MCX :
Profit jumps 23.2 % to Rs.35.9 crore versus Rs.29.1 crore;
Revenue rises 5.6 % to Rs 71.1 crore versus Rs 67.3 crore YoY.

🎯 Bharti Airtel :
Company to raise $1.25 billion by diluting stake in African unit.

🎯 Sun Pharma :
Company launched psoriasis treatment drug Ilumya in the U.S.

🎯 DCM Shriram :
Company started commercial production at additional 168 TPD chlor-alkali line at Rajasthan unit.

🎯 Laurus Labs :
Company transferred ownership of its U.S. FDA approved Tenofovir Disoproxil Fumarate (TDF) ANDA to CASI Pharmaceuticals.

🎯 Salzer Electronics :
Company withdrew proposal to acquire two overseas companies.

🎯 VA Tech Wabug :
secures order in Qatar worth Rs.555 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers