20 March, Morning Brief

Market may open negatively as SGX Nifty is trading down by 40 points. As we saw yesterday, Nifty 50 closed below its crucial support if 10140 and breached 10100 level also. So, now 10140 & 10250 are the resistance levels and 10050 will वे the next support for the Nifty 50.

🎯 News & Impact 🎯

IPO Watch

Sandhar Technologies IPO subscribed 5% on Day 1.

Hindustan Aeronautics IPO subscribed 45% on Day 2.

Bandhan Bank IPO subscribed 14.62 times.

🎯 Capacite Infra :
The firm has bagged a contract worth Rs. 256.6 crore in Varanasi.
Positive for the stock. 👍

🎯 IRB Infra :
The company has bagged a road project worth Rs 2,043 crore from NHAI in Gujarat.
Positive for the stock. 👍

🎯 Future Retail :
Company gets RBI nod to increase RPFI to 49%.
Positive for the stock. 👍

🎯 MMTC :
Company approves issue of bonus shares in 1:2 ratio.
Positive for the stock. 👍

🎯 Granules :
Granules India gets ANDA approval for Metformin tablets.

🎯 Inox Wind :
Company offer for sale to non-retail gets 122 % demand for shares offered.

🎯 Prism Cement :
Company's JV completes expansion of tiles capacity at Matel plant, Morbi.

🎯 Sona Koyo :
Company offer for sale to non-retail gets 28 percent demand for shares offered.

🎯 Elpro Internaitonal
Company is looking to sell 1.25 % equity in PNB Metlife Insurance Company. It currently owns 12.75 % equity in the company.

🎯 Future Consumer :
The company has redeemed 600 redeemable NCDs to the tune of Rs.60 crore on March 16, 2018.

🎯 ITC :
The Supreme Court has upheld sale of Park Hyatt Goa to ITC.

🎯 Rcom :
SC to hear case against Bombay High Court order.

🎯 GAIL :
GAIL plans pipeline to link Northeast India to National Gas Grid.

🎯 Canbank :
CBI files FIR against Former MD and Executive Directors in a fraud case.

🎯 DSK Developers :
BSE suspends trading in DS Kulkarni developers.

🎯 UltraTech :
Ultratech makes Rs.7266-cr out-of-court offer to Binani Cement.

🎯 Uttam Galva :
Company offers 51% of outstanding loan to avoid asset auction.

🎯 BGR Energy :
Company bags Rs.87.68 cr order from TANTRANSCO.

🎯 Datamatics Global :
Company to consider interim dividend on March 22, 2018.

🎯 Nitesh Estates :
Blackstone to buy 80% in Nitesh Estates' Pune mall for Rs.310cr.

🎯 GTL Infra :
Lenders agree to sell of firm's assets.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers