A gap down opening expected as SGX Nifty is trading below 10000 mark, nearly 120 points lower on global meltdown after Trump's decision on trade tariff. Dow tumbled 724 points yesterday and Asian indices were down more than 2% on trade war.
A sell on rallies was witnessed yesterday also. So crossing 10350 will be a herculean task in this month. A value buying can pull the index above 10k mark but keen to see whether it rests above 10050 level or not.
IPO Watch :
ICICI Securities IPO subscribed 29% on Day 1.
Mishra Dhatu Nigam IPO subscribed 64% on Day 2.
🎯 News & Impact 🎯
🎯 Dilip Buildcon :
Company wins Rs 677 cr highway project from NHAI in UP.
Positive for the stock. 👍
🎯 AIA Engineering :
Company declares dividend of Rs.8 per equity share in its meeting held on March 22.
🎯 United Spirits :
The firm will consider sub-division of equity shares.
Positive for the stock. 👍
🎯 IGL :
Announces Reduction In CNG Price In Uttar Pradesh.
🎯 Cipla :
Cipla received Tentative nod for Darunavir 800MG.
🎯 Idea :
Existing leadership teams to continue to manage their separate businesses.
🎯 JSW Energy :
Company secured order from Punjab State Power Corp for supply of 200 megawatt power.
🎯 20 Microns :
Company subsidiary filed DRHP for IPO.
🎯 REC Board :
Board approved Rs.60000 crore market borrowing plan for FY19.
🎯 Union Bank :
CBI registers a case on a complaint filed by bank against Totem Infra.
🎯 Hero Motocorp :
The firm has hiked stake in Colombian jt venture to 68%.
🎯 Cox & Kings :
The company has sold 11.58% stake in subsidiary.
🎯 L&T Technology :
Company bags multi-million dollar project from Germany's Covestro.
🎯 PNB :
Bank pares nearly 2% stake in ICRA.
🎯 Infosys :
Company invests USD 1.5 mn in Waterline Data Science.
🎯 Schneider Electric :
Company keen to tap EV charging market.
🎯 Shriran Transport Finance :
Company raises Rs.1830cr via bonds
🎯 MCX :
Exchange to start brass futures trading next week.
🎯 Dish TV / Videocon :
D2H merger completed.
🎯 Dewan Housing :
Company allotted NCDs worth Rs.300 crore.
🎯 Tata Steel :
Company identified as the successful resolution applicant for acquisition of Bhushan Steel.
🎯 Reliance :
Reliance Retail plans to raise Rs 4000 crore.
🎯 Shalimar Paints :
Company to raise Rs.49.73 crore via rights issue. Board approved issue of 35.52 lakh shares at a price of Rs. 140 each.
🎯 Alankit Ltd. :
Company sold 49 % stake in subsidiary Alankit Technologies for Rs.1.07 crore. Also, subsidiary Alankit Life Care received FFMC (Full Fledged Money Changer) License from RBI.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
No comments:
Post a Comment