Market may open on a weak note as SGX Nifty is trading down by 22 points this morning.
Yesterday, Nifty rose nearly 200 points, recorded its best one-day gain in almost two years backed by strong global cues and shrugged off the worries of US China trade war.
Nifty has maintained a breach of downtrend after breaking downward trend on 2nd April after it crossed and closed above 10180 mark. It also crosses its resistance of 10300 satisfactorily. Now it will become the support for its intermediate upward journey.
🎯 News & Impact 🎯
🎯 Glenmark :
The pharma major has recalled over 1 lakh bottles of anti-inflammatory drug in US.
🎯 DrReddy :
Indivior filed patent lawsuits against Dr. Reddy's, Actavis, Par, Alvogen and Teva.
🎯 Rcom :
The company hopes to cut debt by Rs. 25,000 crore after SC allows asset sale.
🎯 Eros :
The company has partnered Royal Challengers Bangalore as title sponsor.
🎯 Amtek :
Company lenders panel approves resolution plan by Liberty House.
🎯 Sobha :
Sobha developers said that the new sales volume in fourth quarter up 40.4 % at 10.15 lakh square feet.
🎯 Tata Motors :
The company launched three CVs in Malaysia.
🎯 L&T :
Serious Fraud Investigation Office (SFIO) has received a complaint against L&T Group of financial irregularities.
🎯 IOC :
Acquires 17 % participating interest in the Mukhaizna Oil Field, Oman from Shell.
🎯 Kridhan Infra :
Gets order worth Rs.134 crore in Singapore.
🎯 Indigo :
Company rules out bidding for Air India.
🎯 Cochin Shipyard :
Company setting up 42-acre ship repair facility
🎯 Nalco :
National Aluminium signs MoU on commercial use of Nano based Emrion tech.
🎯 HCL Tech :
Company acquires life sciences and consumer services provider C3i solutions.
🎯 Peninsula Land :
Company to invest Rs 300 cr in affordable housing project in Pune.
🎯 NBCC :
Company shareholders approve stock split.
🎯 Majesco :
Company signed 3 year agreement with tier one Specialty Insurer for application management services.
🎯 Reliance Capital :
Company issued NCD worth Rs. 5 crore.
🎯 PSP Projects :
Company gets work order worth Rs.87.33 cr in Q4.
🎯 Ballarpur Industries :
Agreement entered for sale of entire assets of Sabah Forest Industries Sdn. Bhd (Step down subsidiary) for consideration of USD 310 mn.
🎯 Future Lifestyle Fashions :
Company' subsidiary entered into long-term license agreement for footwear under the Brand Lee Copper
🎯 Sagar Cements :
Company singed formal agreement for purchase of Sagar Power
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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