Market may open positively as SGX Nifty is trading up by 27 points.
Market has no trigger to go upside or downside hence it may consolidate and coming Q3 result session and union budget outcome will impact the market sentiments.
🎯 News & Impact 🎯
🎯 Reliance :
Reliance Industries Limited has successfully commissioned and achieved design throughput of the world’s first ever and largest Refinery Off-Gas Cracker (ROGC) complex of 1.5 MMTPA capacity along with downstream plants and utilities.
🎯 GIC Re :
GIC Re has provided reinsurance support to Reliance Industries' refinery and petrochemical plants at Jamnagar and Hazira in Gujarat.
Positive for Reliance.
🎯 Punjab National Bank :
Punjab National Bank has sold its entire stake in a mutual fund joint venture to partner Principal Financial Group.
Negative for the stock.
🎯 Dixon Technologies :
Has commenced manufacturing of CCTVs and DVRs under the Trademark "CP Plus" on 2nd January, 2018 from its manufacturing facility situated at Tirupati.
🎯 Tata Power :
Its subsidiary, Tata Power Renewable Energy has commissioned its 50 MW DCR Solar plant at Pavagada Solar Park in Karnataka. Sale of power plant has been tied up under a 25 year PPA with NTPC at a tariff of Rs 4.84/unit.
🎯 M&M :
CLSA has maintained 'buy' rating on M&M.
🎯 Prestige Estates :
Macquarie has retained 'outperform' rating.
🎯 Apar Industries :
Has entered into a JVA with M/s. PPS Motors Private Limited (PMPL) to market Lubricants in the AMPOIL Brand to sell Lubricants to Central and State Govt.
🎯 Punjab and Sind Bank :
Bank to raise Rs.1,000 crore via equity
🎯 Orient Green Power :
Company sold 8 biomass subsidiaries to Janati Bio Power for Rs.49 crore.
🎯 Future Supply Chain Solutions :
Future Group, in talks to buy online retail platform Snapdeal's logistics arm Vulcan Express for about Rs.50 crore in an all-cash deal.
🎯 Lasa Supergenics :
Company filed new CEP application with European Medicines Directorate.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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