Market will open flat after a massive drop in last half an hour yesterday.
Now for the time-being upsides shall be capped around 10,440 levels and unless this level is crossed on closing basis strength shall not be expected. The support would be considered at 10050 tp 10100 levels.
Yesterday, Europe and US trade war concern hamper the sentiment and traders also got concerned with a private report enlightening that India has signaled a larger fiscal deficit for the federal government for the year to March 2018.
🎯 News & Impact 🎯
Coming IPOs :
Hindustan Aeronautics, Bandhan Bank, ICICI Sec, Bharat Dynamics’ IPO to hit market this month to raise money for Rs. 12,000 cr
🎯 Ultratech Cement :
RBI allows raising FPI limit in Ultratech Cement to 40 % from 30 %.
Positive for the stock. 👍
🎯 Team Lease :
RBI allows raising FPI limit in TeamLease Services to 75 % from 24 %.
Positive for the stock. 👍
🎯 Indian Hotels :
Tata Sons to buy 6.64 % stake in Indian Hotels from promoter entities.
Positive for the stock. 👍
🎯 Dilip Buildcon :
Company wins Rs.917 crore highway project in Jharkhand.
Positive for the stock. 👍
🎯 Sadbhav Infra declared L1 for highway project worth Rs.933.82 crore in Karnataka.
Positive for the stock. 👍
🎯 Avenue Supermart :
CRISIL rating revised from Stable to Positive at CRISIL AA.
Positive for the stock. 👍
🎯 Zee Entertainment :
Company will make partial redemption (20%) of listed bonus preference shares.
🎯 JSW Steel :
Upgraded bond rating from Ba3 to Ba2 by Moody's investor service.
🎯 AU Small Bank :
Company tied up with Aurionpro Solutions to enhance its digital banking offering corporate internet banking and cash anagement platform for SME.
🎯 Lumax Auto :
Lumax Auto Technologies to consider stock split on Mar 23.
🎯 Ashoka Buildcon :
Company unit declared L1 for three road contracts worth Rs.2,991.70 crore in Karnataka.
🎯 Tata Motors :
SEBI asks Tata Motors to strengthen systems and controls; to conduct an inquiry into results’ leakage.
🎯 Speciality Restaurants :
Speciality restaurants opened two new restaurants in Mumbai i.e. Sweet Bengal and Zoodles.
🎯 Millitoons Entertainment :
Company announced acquisition of J & K Hotels, LLC (20% stake) and termination of acquisition agreement of Kirksville Hospitality.
🎯 Ortel Communication :
Company to consider fundraising plan on March 10.
🎯 TCS :
Company says Virgin Atlantic has extended partnership for five years.
🎯 Bharti Airtel :
Airtel acquires the India leg of GBI's India-Middle East-Europe submarine cable.
🎯 Sharon Bio :
Company says operations at Taloja API plant temporarily suspended on the directions of Central Pollution Control Board.
🎯 Bal Pharma :
Company forms joint venture with Australia-based Akaal Pharma for developing veterinary products.
🎯 REC :
Board approves the proposal for sale of subsidiary WE-NR Power Transmission Ltd. to Power Grid.
🎯 Axis Bank :
Bank says exposure to Nirav Modi, Gitanjali Gems at about Rs.200 crore.
🎯 Torrent Pharma :
Company readies 2 billion euros binding offer for Sanofi’s European unit.
🎯 Jubilant Foodworks :
Company enters Bangladesh for Dominos pizza.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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