17th April, Morning Brief

Market may open on a flat note as SGX Nifty is trading down by just 2 points.

The index formed a strong bullish candle on the daily chart after a smart recovery after gap down opening on Monday. Despite weak global cues Nifty managed to close above its crucial resistance levels of 10500 for the first time since 26  February.

US stocks closed higher on Monday, with the biggest boosts from technology and healthcare sectors as investors were optimistic about earnings season. Asia stocks edged higher on Tuesday, tracking Wall Street gains.

🎯 News & Impact 🎯

🎯 Cipla :
USFDA conducts inspection at Indore facility.

🎯 Bajaj Electricals :
Company wins orders worth Rs.3,577.93 crore as part of govt’s Saubhagya Yojna.

🎯 Rcom :
No legal restriction any more to proceed with sale of spectrum, MCNs & real estate.

🎯 Adani Ports :
Signs A Long Term Regasification Pact With Indian Oil For Dhamra LNG Terminal

🎯 Sobha :
Company to invest Rs.500 crore for residential project in GIFT City, Gujarat.

🎯 Sterlite Tech :
Board to consider raising funds through issue of securities on April 25.

🎯 Omkar Speciality Chemicals : Company says Bank of Baroda classified its loan account as NPA.

🎯 Goa Carbon :
Company resumes operations at Orissa plant which was shut for maintenance.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers