16th April, Morning Brief

Expect market to open lower on account of weak global cues. SGX Nifty is trading down by 72 points.

Geo-political tension between US-Russia may negative sentiment in the market.

Nifty which reclaimed 10,500 in intraday trade on Friday failed to hold the momentum and closed 20 points short making a ‘Doji’ type of candlestick pattern on the daily chart.

🎯 News & Impact 🎯

🎯 Infosys :
Infosys reported lower guidance to 22%-24% from 23%-25% which is a concern.

🎯 Banking Stocks :
A 10-Year G-Sec Yield close at 7.42% after a recent high of 7.81% - Fall in G-Sec Yield will be positive for banking stocks. 👍

🎯 Auropharma :
Company gets US FDA nod for allergy drug, Loratadine Tablet (10 mg).
Positive for the stock. 👍

🎯 Stride Shasun :
Company gets US FDA nod for Cyproheptadine Hydrochloride tablets.
Positive for the stock. 👍

🎯 United Spirits :
The Board has approved a stock split in the ratio of 5:1.
Positive sentiment.

🎯 Reliance :
Company has raised Rs.3,250 crore from Japanese banks to fund capex plan.

🎯 Tata Group :
Tata Projects wins Rs.1,048-cr Mumbai Metro orders.

🎯 Metal stocks :
White House to decide on rollback of tariff on Indian steel, aluminium.

🎯 Tata Steel :
Company posts highest ever output at 12.48 MT in FY18.

Edited by Sharp.
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