27 Mar, Morning Brief

Market may open on a flat to positive note today. Nifty has made a long positive candle on the daily chart yesterday. Buying in banking and financial stocks pulled the Nifty to close at 10130.
The Dow Jones Industrial Average rose 669.4 points, or 2.84 percent, to 24,202.6 as trade war fears eased on reports the United States and China are willing to renegotiate tariffs and trade imbalances.

Listing Today :

🎯 Bandhan Bank

IPO Updates :

🎯 ICICI Securities IPO subscribed 88%.
🎯 Lemon Tree Hotels IPO subscribed 25% on day 1.

🎯 News & Impact 🎯

🎯 Capital First :
Merger with IDFC Bank has received the nod of National Stock Exchange (NSE).
Positive for the stock. 👍

🎯 Auropharma :
Company gets tentative USFDA nod for Emtricitabine (20 mg) Capsules.
Positive for the stock. 👍

🎯 Wockpharma :
Wockhardt arm Wockhardt Bio AG gets USFDA nod for Oxacillin sodium injectable.
Positive for the stock. 👍

🎯 PunjLloyd :
Company has received a contract worth Rs.505 crore in Odisha On EPC Basis By NHAI.
Positive for the stock. 👍

🎯 KEC International :
Company has won contracts worth Rs 2,419 crore.
Positive for the stock. 👍

🎯 KNR Constructions :
Company bags two Hybrid Annuity Projects with bid project cost of Rs 2964 crore from NHAI.
Positive for the stock. 👍

🎯 ICICI Bank :
The bank has allotted 1,07,215 shares of face value Rs. 2 on March 26 under the ESOP scheme.

🎯 MCX :
MCX brass futures contract debuts with volume of Rs.14.71 crore.

🎯 Tata Metalics :
Operations at Kharagpur plant to be hit due to planned shutdown at its blast furnaces, sinter plant and captive power plants between March 26 and April 6, 2018.

🎯 Power stocks :
Power minister RK Sinha has said that he has proposed NTPC, PFC, REC to make SPV to operate stressed assets.

🎯 Wipro :
Wipro and Adobe have expanded partnership to offer enhanced digital services & solution.

🎯 Dilip Buildcon :
Company has been declared lowest bidder for 4 hybrid annuity projects valued at Rs.4,115 crore by NHAI in Karnataka & Maharashtra.

🎯 Tata Power :
Company to sell Tata Communications’ shares to parent for Rs 2,150 crore.

🎯 JSW Steel :
Company to set up facility in Texas with $500 million investment, reports Reuters.

🎯 MRPL :
Company will come out with BS6 standard diesel by March 2019 and BS6 petrol by December that year, reports Hindu Business Line.

🎯 Hero Cycles :
Company has launched 9 new models under Sprint Pro range.

🎯 Adani Enterprises :
Company has signed coal mining pact with NLC India.

🎯 PFC :
Company to raise up to Rs.57,000 cr via debt.

🎯 Tata Motors :
Company launches Nexon variant at Rs. 7.99 lakh.

🎯 Essar Steel :
ArcelorMittal drags bankers' rejection to NCLT.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers