8 Mar, Morning Brief

A positive opening can be seen as SGX Nifty is trading up by 40 points.
Upside for the Nifty can be capped around 10440 and immediate support would be at 10050 - 10100 levels.

🎯 News & Impact 🎯

🎯 Airtel, Idea :
Airtel, Idea Cellular get spectrum relief from government that will boost cash flow by Rs.55,000 crore.
Positive for the stocks. 👍

🎯 United Breweries :
Heineken looks to buy ED seized Mallya shares in United Breweries to up stake to 58.2 % from 44 % now.
Positive for the stock. 👍

🎯 TeamLease :
Teamlease Services increase in limit of investment by FPI from 24%-75%.
Positive for the stock. 👍

🎯 Amtek Auto :
Liberty House chosen as preferred H1 bidder for Amtek Auto assets.

🎯 Cadila Healthcare :
Cadila health partners with Medicure to launch New Drug Application product, Zypitamag in U.S.

🎯 Canara Bank :
Bank hikes marginal cost loan rates by 10-15 basis points.

🎯 Bharat Dynamics :
Company to raise around Rs.960 crore from IPO.

🎯 Hero MotoCorp :
Company launches new Super Splendor at Rs.57,190 (ex-showroom, Delhi).

🎯 JSW Steel :
Company clarifies it hasn't signed any memorandum of understanding to buy Italy's Aferpi.

🎯 SBI :
RBI imposes Rs.40 lakh penalty on SBI for breach of norms on counterfeit notes.

🎯 Jet Airways, IndiGo and Spice Jet :
CCI imposes penalties collectively worth Rs.55 crore on Jet Airways, IndiGo and SpiceJet for concerted action in fixing fuel surcharge on cargo transport.

🎯 Pidilite :
Pidilite Industries partners with Germany’s Jowat SE for sale and distribution of Jowat adhesives in India and other neighbouring countries.

🎯 Sun Pharma :
Company's Paonta Sahib unit gets good manufacturing certificate from Dutch regulator.

🎯 HDFC :
HDFC to sell 5.1 % stake in Computer Age Management Services Pvt. Ltd.

🎯 3i Infotech :
Company allots 21.05 lakh preferential shares to Bank of Baroda under DRS package.

🎯 Tata Steel :
Company says it is the highest bidder to acquire Bhushan Steel.

🎯 63 Moons Technologies :
Company says Mauritius regulator terminated exchange license.

🎯 Strides Shasun :
Company to launch Ranitidine 75mg (OTC) tablets in U.S.

🎯 Reliance Infra :
Company seeks shareholder nod for raising up to Rs.2,000 crore via QIP.

🎯 Coal India defers meeting to consider interim dividend to March 19.

🎯 Torrent Power :
Company to commission 124.40 MW project for Maharashtra Electricity Distribution Company.

🎯 Marico sells entire 45 % stake in Bellezimo Professionale products for Rs. 1.6 crore.

🎯 Gayatri Projects :
QIP opens today at a floor price of Rs. 211.65 per share.

🎯 Telecom companies :
Cabinet approves restructuring of deferred payment liabilities of telecom operators and raises spectrum limits.

🎯 Bharti Airtel :
Company to consider raising funds via local, foreign bonds.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers