Market may open with a negative note as the decider SGX Nifty is trading down by 25 points today.
After a consolidation, Nifty has made a doji type candle on daily on Friday and took support at 10290 consecutively and inched towards 10350 but closed at 10331.60. So 10290 will be considered as a good support and 10350 a resistance.
As per Reuters' report, US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China and as a result, US stocks dropped about 2 % on Friday, with the Dow falling more than 570 points.
The Reserve Bank is expected to go for a hike in key policy rates by the fourth quarter of this year, says Morgan Stanley report.
🎯 News & Impact 🎯
🎯 Lemon Tree Hotels :
Listing Today.
🎯 Nitesh Estates :
Company awarded a claim of Rs.15 crore in a land dispute.
Positive for the stock. 👍
🎯 NMDC :
Company kept prices of lump ore and fines unchanged at Rs.3000 per tonne and Rs. 2660 per tonne.
🎯 ITI :
Cabinet (CCEA) allows ITI to bring further public offer (FPO) of 18 crore fresh equity shares to achieve 25% minimum public shareholding requirement.
🎯 Wipro :
Company sold 63% of its stake in Wipro Airport IT to Antariksh Softtech.
🎯 Akzo Nobel :
The Board has recommended a share buyback to the tune of Rs.235.20 crore.
🎯 Dabur :
The firm has completed acquisition of two personal care products firms in South Africa.
🎯 SBI :
Bank puts 15 NPAs worth Rs.1,063 crore for sale.
🎯 PNB :
Bank puts 15 NPAs worth Rs.1,063 crore for sale.
🎯 Renuka :
Shree Renuka Sugars to divest Brazilian operations.
🎯 DHFL :
Company plans to raise up to Rs.1,000 crpre via debentures on private placement basis.
🎯 Ballarpur Industries :
Company to sell Malaysian unit for USD 310 million (approx Rs.2,011 crore).
🎯 Binani Industries :
Company to move Supreme Court with Rs.7,618 cr offer.
🎯 Piramal :
NCLT approved scheme of amalgamation of Piramal Enterpris's subsidiaries, Piramal Finance & Piramal Capital with Piramal Housing Finance.
🎯 Tata Chemicals :
Company to acquire Allied Silica for Rs. 123 Cr.
🎯 Inox Wind :
Company won 100MW in the SECI-4 auction at a fixed price of Rs2.51/unit for 25 years.
🎯 Dilip Buildcon :
BRICK WORK upgraded company’s credit rating on total loan facility of Rs.7320cr.
🎯 S Chand & Company :
Company approved the investment in Smartivity Labs for Rs.35 lakh
🎯 Atul :
Company strongly denies and disputes the claims made against it and is taking the necessary legal steps in the matter.
🎯 KPIT :
CCI approved arrangement scheme among KPIT Tech, Birlasoft and KPIT Engineering
🎯 Indiabulls Real Estate :
Company to acquire prime and newly constructed commercial building in Gurugram.
🎯 Goa Carbon :
Company’s total production for March 2018 at 10905.700 MT and total sales for March 2018 at 13,155.684 MT
🎯 Dhabriya Plywood :
Company received repeat orders worth Rs.19.95 crore from Vatika Group.
🎯 Century Ply :
Company's subsidiary Century Ply Singapore Pte has written-off its entire investments its subsidiary P T Century Ply Indonesia.
🎯 Mangalore Refinery :
Board meeting on April 10 to consider proposal for increase of public shareholding upto 25% by way of preferential issue to public.
🎯 Visaka Industries :
Company to commence production at new unit in Telangana from May 2018.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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