22 March, Morning Brief

A flat to positive start can be experienced today as SGX Nifty is trading up by 11 points.
A bearish pattern candle formed on the daily chart yesterday for the Nifty50. Interesting to see whether Nifty hold 10140 level or not.
The U.S. Federal Reserve raised interest rates by 0.25% for the first time this year from 1.5% to 1.75%.

🎯 News & Impact 🎯

IPO Watch :

ICICI Securities IPO to open today.

Mishra Dhatu Nigam IPO subscribed 26% on Day 1.

Sandhar Technologies IPO subscribed 6.18 times.

🎯 Sun Pharma :
Gets nod from US FDA for Psoriasis drug.
Positive for the stock. 👍

🎯 Indiabulls Real Estate :
Company to sell 50% stake in prime Mumbai office assets to Blackstone for USD 1.3 billion.

🎯 Godrej Aerospace :
Godrej Aerospace expands tie-up with Rolls-Royce, wins Rs.200-cr contract.

🎯 Oil India :
Company enters into an agreement with Assam for Methanol, Formaldehyde project.

🎯 Mahindra Holidays :
Allotted 1,15,000 shares of Rs.10 each under ESOP scheme.

🎯 Dena Bank :
The bank has made annual interest payment of Rs.40 crore on its 10.20 % Basel-III compliant AT-I bonds series III.

🎯 JPAssociates :
The Supreme Court has asked the firm to deposit Rs.200 crore by May 10

🎯 Rcom :
The firm has received bondholders’ approval for asset monetization plan, according to a Mint report.

🎯 Lakahmi Vilas Bank :
Fisdom has tied up with the company to offer NPS scheme online, Mint reported.

🎯 Arvind :
Adient India and the company have formed joint venture to make automotive fabric in India, Hindu BusinessLine reported.

🎯 Coal India :
Company allotted 11 mines that will increase annual output to 225 million tonnes.

🎯 Havells India :
The firm has appointed Shashi Arora as CEO of Lloyd.

🎯 ISGEC Heavy Engineering :
Company declares interim dividend

🎯 Dilip Buildcon :
Company emerge L-1 bidder by NHAI for EPC project of Rs.677.07 crore.

🎯 VEDL :
Goa mining ban: Sesa Mining asks workers not to report to duty.

🎯 GE Power :
Company awarded a contract worth approximately Rs.230 crore by NTPC.

🎯 Zensar :
Company to acquire Cynosure for USD 33 mn.

🎯 NMDC :
Coal handling system charged to pave way for commissioning of coke oven battery at Nagarnar steel plant.

🎯 IRB :
IRB Infra emerged a preferred bidder for a project in Uttar Pradesh on DBFOT basis.

🎯 BPCL :
BPCL arm looking to raise USD 600 million to refinance debt.

🎯 JSW Steel :
Company may bid for Essar Steel.

🎯 ICICI Bank :
Bank raises Rs.4000 crore via perpetual bonds.

🎯 IDFC :
IDFC looks to exit asset management business in Rs.4,000 crore deal.

Edited by Sharp.
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