5th April, Morning Brief

A gap up opening expected as SGX Nifty is trading up by 153 points backed by US & Japanese markets. China markets are closed today.
Nifty declined over 1% (117 points) to close at 10128. Fear of global trade war between China and US pulled the market down.

🎯 News & Impact 🎯

🎯 Skymet Weather predicts normal monsoon for India in 2018.

🎯 JSW Steel achieves 99% of FY18 production guidance at 16.3m tons.
India Ratings and Research revised JSW Steel's outlook to Stable from Negative.
Positive for the stock. 👍

🎯 Capacite Infra :
Company wins orders worth Rs.3.66 bn from Oberoi Realty.

🎯 Glenmark :
Company enters licensing pact with Helsinn to distribute its anti-nausea drug.

🎯 IndusInd Bank :
Bank gets RBI nod to acquire IL&FS arm.

🎯 NBCC :
Company bags order worth Rs.4.16 bn to construct bunkers along Indo-Pak border in JK.

🎯 NCC :
Company wins orders worth Rs.10.9 bn.

🎯 Hudco :
Company says provisional loan sanctions at Rs.386bn as of March and FY18 provisional loan releases at Rs.165bn.

🎯 Ashok Leyland :
Company rolls out 2,00,000th 'Dost' from TN plant.

🎯 HFCL :
Company foray into defence manufacturing.

🎯 BEPL :
Company completed expansion of ABS capacity from 80 KTPA to 100 KTPA at its Abu Road unit.

🎯 Indoco Remedies :
API Plant at Patalganga received accreditation renewal from the Japanese regulatory authorities.

🎯 Kansai Nerolac :
Company entered into share purchase agreements (SPAs) to acquire 100% equity stake in Marpol for an aggregate consideration of Rs.36 crore

🎯 Bhansali Engineering :
Board meeting on April 13, 2018, to consider audited financial results and recommendation of dividend to members for FY 17-18.

🎯 Dilip Buildcon :
Company completed highway project and entitled to maximum bonus of one annuity payment of Rs.177,300,000 for earlier completion

🎯 BC Power Controls :
Company to consider sub-division equity share on April 20

🎯 Indian Hotels :
IHMS (USA) LLC has received fees of USD 6.91mn as an extraordinary income from Newbury Owner LLC for modification of certain contractual terms.

🎯 Essel Propack :
Company issues commercial papers for Rs. 30 crore on private placement basis.

🎯 Mahindra Lifespace Developers :
Company may consider recommendation of dividend on April 27, 2018.

🎯 Monnet Ispat :
NCLT wants claims of other banks to be included.

🎯 Vedanta :
Company bids Rs.53.2 billion for Electrosteel.

🎯 Mahindra Lifespace :
Company sold more than 400 units in a housing project at Palghar within 45 days.

🎯 Adani Enterprises :
The company has won an award from National Highways Authority of India (NHAI) for an infrastructure project in Chhattisgarh.

🎯 Natco Pharma :
The firm has launched first generic version of oral tablets for multiple scerlosis in India.

🎯 Binani Industries :
The company has offered to pay Rs. 7,229 crore to lenders, creditors of Binani Cement.

🎯 BHEL :
The company has begun 330 MW Kishanganga HEP In J&K.

🎯 Axis Bank :
The central bank has rejected its request for gold & silver import in FY19.

🎯 Jet Airways :
The airline will buy 75 Boeing 737 Max jets worth up to USD 9.7 billion.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers