5th Feb, Morning Brief

Another gap down even will be experienced today. SGX Nifty is trading down by 117 points at 10601.

Dow Jones plunged nearly 666 points, a highest since 2008 mayhem on Friday, 2nd Feb as bond yields rose after the government reported that wages grew last month at the fastest pace in eight years.The increase in bond yields hurts US markets in two ways it makes it more expensive for companies to borrow money and it also makes bonds more appealing to investors than riskier assets such as stocks.

10770, 10625 and 10440 were the primary support levels for the Nifty50, from which 10770 was tested and Nifty50 closed just below the immediate one. Six bi-monthly RBI's monetary policy will be announced on 7th Feb, and no rate cut can be discounted in this fall as retail inflation rise to a 17 months' high.

Major Results Today :
Tatamotors, Colpal, Bosch

🎯 News & Impact 🎯

🎯 Thomas Cook :
Revenue up 51.2 % at Rs.3,005.4 crore versus Rs. 1,988.02 crore.
Margins at 4.0 % versus 2.7 %
PAT up 14 times at Rs.58.4 crore versus Rs 4.2 crore.
Positive for the stock. 👍

🎯 ITC :
Credit Suisse has upgraded ITC to 'outperform' from 'neutral.
Positive for the stock. 👍

🎯 Auropharma :
Auropharma gets US FDA nod for Niacin (50 mg-1 gm) tablets (used to prevent heart disease in patients with high cholesterol).
Positive for the stock. 👍

🎯 Bharti airtel :
Singtel to invest Rs.2,649 crore in promoter company, Bharti Telecom via preferential issue to increase stake to 48.9 % from 47.2 %.

🎯 Gail :
Places order of Rs 440 crore for 350 kilometers Vijaipur(UP) – Auraiya(MP) spurline.

🎯 GMR Infra :
Company to acquire 4,15,80,000 shares of face value of Rs.10 each, representing 11 % equity stake in GMR Hyderabad International Airport Limited (GHIAL) collectively from Malaysian Airports Holding Berhard.

🎯 Strides Shasun, Orchid Pharma :
Strides Shasun, Nectar Lifesciences and private equity firm Blackstone have emerged as frontrunners for bankrupt Orchid Pharma with Aurobindo and Dr Reddy's backing out.

🎯 JP Power :
Jaiprakash Power Ventures has offered its Nigrie power project to NTPC for acquisition, while SBI has proposed stake sale in three stressed plants of Bajaj Lalitpur, Jaypee Infratech and Jindal India Thermal to the state-run firm.

🎯 Sintex Plastics :
 To issue warrants to promoters aggregating to Rs.600 crore.

🎯 Cosmo Films :
Company commissions second Cast Polypropylene line.

🎯 NBCC :
Company says letter of approval from the Government of Assam for construction of Twin Tower Trade Centre at Guwahati, Assam amounting Rs.2,000 crore.

🎯 Windsor Machines :
Company has entered into an 'Investment Agreement' on February 2, 2018 with R Cube Energy Storage Systems LLP (R Cube Energy) for making strategic investment.

🎯 Tata Steel :
Company completes completion of 74 % stake in Bhubaneshwar Power for Rs.255 crore.

🎯 M&M :
Company bags Rs.110 crore order for 1000 electric vehicles from Bengaluru transportation companies.

🎯 Reliance :
Reliance emerges sole contender to acquire stake in JBF Industries.

🎯 Godrej Properties :
The company has sold 2 lakh sq ft area in its commercial building at Bandra- Kurla complex in Mumbai for nearly Rs 700 crore so far this fiscal.

🎯 Liberty House in talks with banks over revised Amtek Auto.

🎯 Godrej Properties :
Company sells office space worth Rs.700 crore in Mumbai.

🎯 Adani Enterprises :
Australia will not finance rail link for Adani Project.

Edited by Sharp.
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