3rd April, Morning Brief

Market has opened with a flat note with a shrink in Nifty Future premium.
Participants will remain cautious with escalating trade tensions between the U.S. and China similarly they are waiting for RBI policy whether it will keep the rates unchanged or raise the rates with a surprise.

🎯 News & Impact 🎯

🎯 VEDL :
ArcelorMittal, Vedanta, NuMetal-JSW bid for Essar Steel in 2nd round

🎯 Tata Steel :
Company to pay Rs.35,200 cr cash for Bhushan Steel; to convert remaining debt to equity.

🎯 Motherson :
Company inks pact to acquire Reydel Automotive for USD 201 mn.

🎯 JSW Steel :
In capacity of an investor, joins Numetal to submit bid for Essar Steel.

🎯 Ashok Leyland :
CARE Ratings upgraded the ratings of its short and long-term bank facilities. Meanwhile, the rating of its commercial paper has been reaffirmed.

🎯 Fortis Healthcare :
Minority shareholders of the firm are said to have opposed the deal with Manipal.

🎯 NTPC :
The company has said to have achieved 53,000 MW of commissioned capacity, according to a Hindu Business Line report.

🎯 BEL :
Company records Rs 10,000 crore turnover

🎯 Hindustan Aeronautics :
Company records Rs.18,000 cr turnover in FY18

🎯 Galaxy Surfactants :
USFDA inspection at Tarapur plants M3 and N46. Issued 4 observation for M3 plant and 9 observation for N46 plant.
Negative for the stock.

Edited by Sharp.
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