Positive opening expected as SGX Nifty is trading up by 25 points.
The upside for Nifty 50 can be braced around 10670-10800. A decisive bull run will start above 10800.
🎯 News & Impact 🎯
🎯 LT Foods :
CRISIL upgrades long term and short term ratings of the Co.
Positive for the stock. 👍
🎯 PNB :
Bank reveals possibility of additional fraud of Rs.1,325 crore in Nirav Modi case.
🎯 Ambuja Cements ACC :
Ambuja cement said that it is not pursuing the merger with ACC owing to some constraints. Meanwhile, the board approved an arrangement with ACC for the sale and purchase of materials and services.
🎯 Coffee Day :
KKR sells 5.9% stake in Coffee Day enterprises to raise Rs.405cr.
🎯 Reliance :
RIL-BP’s USD 4bn investment plan in KG-D6 approved.
The company has won arbitration of Rs. 292 Cr against the Govt. of Goa.
🎯 PFC inks MoUs with UP power utilities to provide financial assistance of Rs.50,200cr.
🎯 Jain Irrigation :
Company's subsidiary invests in Innova Food NV Belgium. CY17 turnover of the acquired co - Euro 23.6mn.
🎯 M&M :
Company collaborates with LG Chem to for Lio-on battery technology to support EV revolution in India.
🎯 IOB :
IOB approves preferential issue of shares to GoI upto Rs.4694cr.
🎯 Music Broadcast :
Radio city and Apple music launch Bollywood countdown show.
🎯 HDFC Bank :
Bank said that it will work closely with SEBI on information leakage.
🎯 Gujarat Sidhee Cement :
Company commissions 5.5 megawatt power plant.
🎯 Sagar Cements :
Company to acquire 4.3 megawatt hydel power projects for Rs.26.9 crore.
🎯 Indiabulls Real Estate :
Company seeks shareholders’ approval for divestment of stake in Indiabulls Properties.
🎯 IMAX :
Imax inks a new five-year pact with PVR Cinemas.
🎯 Amtek Auto :
Amtek auto creditors may offer to sell Amtek along with its units.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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