23rd April, Morning Brief

Market may open with a gap down as SGX Nifty is trading down by 63 points in the morning today.

Nifty formed a doji type of candle on the daily chart on Friday. This is happened on the second consecutive day which may lead to an exhaustion in the current uptrend.

US markets ended down nearly one percent on the worry of rising bond yields which rose five basis points to 2.9583 percent, the highest in eight weeks. Tech stocks declined over cautious on upcoming earnings and contraction in iPhone demand.
Asian markets are trading on a flat note today.

🎯 News & Impact 🎯

Major Results Today :

LIC Housing Finance
Reliance Infra

🎯 HDFC Bank :
Q4FY18 profit grew by 20.3 % YoY to Rs. 4,799.3 crore and net interest income was up 17.7 % to Rs 10,657.7 crore.
Positive for the stock. 👍

🎯 Indiabulls Housing Finance :
Q4 consolidated net profit grew by 22.6 % YoY to Rs.1,030.4 crore, revenue 25.9 % to Rs.3,689.7 crore and net interest income rose 22.1% to Rs. 1,661 crore.
Positive for the stock. 👍

🎯 CDSL :
Revenues up 35.1 % to Rs.51.8 crore.Net profit rose 10.2 % to Rs. 25.9 crore.
Positive for the stock. 👍

🎯 Cipla :
Company's Pithampur plant gets three observations from US FDA.

🎯 Unichem : Company says USFDA completed Ghaziabad plant inspection, no observations issued.
Positive for the stock.

🎯 Coal India :
Coal India plans 41.5 million tons forward coal auctions in the current financial year.

🎯 SJVN :
Company signs accord with power ministry and aims to achieve 9,200 million units in financial year 2019.

🎯 Cummco /Titagarh Wagons :
India Ratings & Research has revised the long-term rating for the company to 'A+' from 'AA-'.
Positive for the stock.

🎯 Aro Granite :
Company approves expansion plan, planning to set up a plant at Jaipur, Rajasthan to enhance its installed capacity by 1,53,000 square meters of granite slabs with an approximate outlay of Rs. 55-60 crore.

🎯 Dilip Buildcon :
Company has incorporated three new special purpose vehicles companies for 3 hybrid annuity projects awarded by the National Highways Authority of India valued at Rs.2,948.1 crore.

🎯 Adani Enterprises :
The company along with Prakash Asphaltings and Toll Highways (India) have incorporated a joint venture company Bilaspur Pathrapali Road Private Limited in the ratio of 74:26.

🎯 Phoenix Mills :
Island Star Mall Developers and Canada Pension Plan Investment Board acquired a prime land parcel in Hebbal, Bengaluru for a total consideration of Rs.650 crore.

🎯 Himalaya Food :
Company launches distribution hub for North Delhi at Aadarsh Nagar, New Delhi with S N Enterprises as channel partner.

🎯 HEG : India Ratings and Research has upgraded company long-term issuer rating to 'AA' from 'A+' with stable outlook.

🎯 Suzlon :
Sebi slaps over Rs 1 crore fine for violating listing agreement norms.
Negative for the stock.

Edited by Sharp.
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