1 Mar 2018 Morning Brief

A gap down opening expected as SGX Nifty is training down by 46 points.

January Core Sector Data

Coal Sector Output Up 3% Vs 0.1% Decline (MoM)

Crude Oil Output At 3.2% Vs 2.1% Decline (MoM)

Natural Gas Output Down 1% Vs 1.2% Rise (MoM)

Petro Refinery Products Output Up 11% Vs 6.6% Rise (MoM)

Fertiliser Output Down 1.6% Vs 3% Rise (MoM)

Steel Output At 3.7% Vs 2.5% Rise (MoM)

Cement Output Up 20.7% Vs 18.8% Rise (MoM)

Electricity Output Up 8.2% Vs 4.4% Rise (MoM)

Eight Core Ind Growth At 6.7% Vs 4.2% (MoM)

April-Jan Eight Core Ind Growth At 4.3% Vs 5.1% (YoY)

Q3FY18 GDP Data

Q3FY18 GDP Growth At 7.2% Vs 6.5% (QoQ) & Vs 6.7% (YoY).

🎯 News & Impact 🎯

🎯 Cadila Healthcare :
Company received the final approval from USFDA to market Dexmedetomidline Hydrochloride injection.

🎯 Fortis Healthcare :
Auditor raises three ted flags. Lenders invoked more shares; founders’ stake reduced to 0.7 % from 3 %.

🎯 Reliance Power :
Company approved raising of up to Rs. 2,000 crore via QIP to cut debt.

🎯 HCL Infos :
Company arm to sell HCL MEA FZE share to Axis Investment for 4.12 million UAE dirhams.

🎯 Bharti Airtel :
Company wants to exit tower business.

🎯 SH Kelkar :
Company says fragrance industry will pass on the increased impact of volatile raw material prices to customers.

🎯 Idea :
Idea cellular will launch VoLTE services in select markets starting March 1.

🎯 MOIL :
MOIL increases prices of products from March 1.

🎯 ICICI Bank : 
Bank says bank is a part of working capital consortium to Gitanjali Gems wherein its exposure is not the largest.

🎯 Tata Power :
The validity of PPA between BEST and TPC-G has been extended for one year from 1st April 2018 for revised quantum of 676MW.

🎯 L&T Infotech :
Sale of shares by promoters to meet minimum public shareholding.

🎯 Ashoka Buildcon :
Macquaire bag ToT projects worth Rs. 9700cr

🎯 IB Realty :
Company to acquire Farallon’s stake in Singapore trust.

🎯 Dilip Buildcon :
Company has declared L-1 bidder by the National Highways Authority of India for three new projects valued at Rs 5390 crore.

🎯 Dynamatic Technologies :
Board approved plan for demerger of auto division.

🎯 Xpro India to sell/transfer Pithampur unit to JKM Ventures for Rs.14 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers