1st June, Morning Brief

A flat positive opening expected as SGX Nifty is trading up by 15 points.

Short covering pulled the Nifty to claim 10700 mark yesterday. Difference between May and June month Nifty futures were the proof of it as the discount widened to almost 40 points. This registered a strong bullish candle on the daily chart. Nifty50 is just short to its immediate resistance of 10790. Once if it will clears the door for 10930 will be opened.

US markets fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union. US likely to impose tariffs of 25% on steel and 10% on aluminum on Canada, Mexico and European countries.

🎯 News & Impact 🎯

The Indian economy grew 7.7 % in Q4, the fastest in nearly two years, signaling quick turnaround aided by rapid construction activity, consumer spending and corporate investment.

🎯 Infosys :
Infosys extends alliance with Microsoft for cloud-based digital transformation solutions.

🎯 Idea Cellular :
Company completes sale of 9,900 standalone towers to ATC for Rs.4,000 crore.

🎯 NCC :
The firm has bagged a package of 3 Mumbai-Nagpur expressway contracts

🎯 Granules India :
Company receives establishment inspection report (EIR) from USFDA for its Gagillapur facility.

🎯 Cochin Shipyard :
Company signs agreement with Government of Kerala for procurement of marine ambulance for fisheries department.

🎯 Maruti :
Maruti Suzuki targets to sell over two lakh automatic cars in 2018-19.

🎯 Bayer's Crop Science :
Company to invest Rs.400 crore in Monsanto India.

🎯 Fortis Healthcare :
Company says unit sold off 1.8 crore units of RHT Health Trust for 13.65 million Singapore dollars.

🎯 PNC Infratech :
Company declared L1 for Nagpur-Mumbai Expressway project worth Rs.2,099.52 crore.

🎯 Bodal Chemicals :
Company to acquire additional 17 % stake in Trion chemicals for Rs.3 crore.

🎯 Cholamandalam Investment and Finance :
Company to invest Rs.50 crore in its subsidiary Cholamandalam Home Finance.

🎯 Ashiana Housing :
Company has acquired 6.67 acres land in Rajasthan to develop a group housing project with 6.15 lakh square feet area.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

30th May, Morning Brief

A gap down opening expected as SGX Nifty is trading down by 75 points.

Market was trading almost flat till the mid day but Italy political issue made the investors nervous and the sell-off began in the last couple of hours. Nifty dropped to make a low of 10616 and closed at 10633 which made a bearish engulfing candle on the daily chart.

U.S. stocks tumbled the most in more than a month, joining a global equity selloff sparked by concern Italy’s political woes. Asian markets are also following the down trend.

Italy is the high debt oriented country among the euro zone. It will have a widely negative impact in the global market if rating agency cut its bond rating which may impact the global currency. Euro vs Dollar fell to nearly 1 year low after the news of uncertainty in Italy and as Italy President resigned.

🎯 News & Impact 🎯

Major Results Today :
ONGC, Canbank, SAIL

Results updates :

🎯 BPCL :
Revenue up 8 % at Rs.65,239 crore.
Net profit up 25 % at Rs.2,674 crore.

🎯 Torrent Power :
Revenue up 15.5 % at Rs.2810 crore.
Net profit up 60 % at Rs.217 crore.

🎯 Powergrid :
Revenue up 16.5 % at Rs.7811.3 crore.
Net profit up 4.6 % at Rs.2004.7 crore.

🎯 Glenmark :
Revenue down 7 % at Rs. 2,280 crore.
Net profit down 17 % at Rs.152 crore.

🎯 BEL :
Revenue down 9.5 % at Rs.3,608.5 crore.
Net profit down 29.4 % at Rs.558.7 crore.

🎯 Thomas Cook :
Revenue up 20.2 % at Rs.2662 crore.
Net profit at Rs. 5860.7 crore versus net loss at Rs.13.1 crore.

🎯 Bank of Baroda :
Looks to sell NPAs worth Rs.2,954.28 crore and has invited expression of interest by June 15.

🎯 Indigo :
IndiGo announces fuel surcharges to counter the recent upward surge in oil prices.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

29th May, Morning Brief

Market may open on a flat to negative note as SGX Nifty is trading down by 25 points today morning.

Yesterday Nifty50 registered a bullish candle on the daily chart but failed to sustain above 10700 mark. Immediate resistance will be 10740 and immediate support will be around 10580-10600.

Derivative expiry of the month is just 2 sessions away which may keep market volatile.

US markets were closed yesterday.

🎯 News & Impact 🎯

Major Results Today :
BPCL, Coal India, M&M, Power Grid, BEL, BHEL, Glenmark

Results Update :

🎯 L&T :
Revenue up 11 % at Rs.40,678 crore.
Net profit up 5 % at Rs 3,167 crore.

🎯 NMDC :
Revenue up 35.2 % at Rs.3,883 crore.
Net profit up 2.2 times at Rs.1,105.9 crore.
Positive for the stock. 👍

🎯 Bank of India :
Net interest income down 26.1 % year-on-year at Rs.2,563.8 crore.
Net loss at Rs.3,969.3 crore.
Provisions up 53.2 % at Rs.6,699.2 crore (QoQ).

🎯 Oil India :
Revenue up 5.1 % at Rs.2,998.4 crore.
Net profit up 22.9 % at Rs.866.5 crore.

🎯 Auropharma :
Revenue up 11 % at Rs.4,049 crore.
Net profit down 0.5 % at Rs.529 crore.

🎯 Vedanta :
Tamil Nadu government ordered to seal and permanently close the Copper Smelter plant of Vedanta.
Negative for the stock.

🎯 Ultratech Cement :
Binani Cement lenders vote in favour of Ultratech bid.
Positive for the stock. 👍

🎯 IDBI Bank :
Government of India increases its stake in IDBI Bank by 5 % by acquiring 109.7 crore shares to 85.96 %.

🎯 Arihant Superstructures :
Arihant Superstructures subsidiary gets loan sanction amounting to Rs.250 crore from HDFC for Panvel Project.

🎯 Fortis Healthcare :
Delhi High Court directs Fortis subsidiary to deposit Rs.503 crore in the account of the Delhi Government in favour of Director General of Health Services within a month.

🎯 REC :
REC approves proposal for incorporation of a project specific SPV, as wholly owned subsidiary of REC Transmission Projects.

🎯 Wipro :
Company ties up with IIT-Bombay for fabricating formula electric.

🎯 HUDCO :
Company recovers Rs.317 cr in old loan default case.

🎯 Idea :
Idea cellular completes 4G VoLTE roll out in 15 of 22 telecom circles.

🎯 Dalmia Bharat Sugar :
Company to sell its wholly owned subsidiaries' Dalmia Solar Power and Dalmia Sugar Ventures to the promoters.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

28th May, Morning Brief

Market may open on a flat note as SGX Nifty is trading up by 11 points.

Nifty has made bullish candles on the daily chart for two consecutive days and now 10410-10420 will be the level of support. 10660 around level can be considered as a resistance zone.

🎯 News & Impact 🎯

Major Results Today :

L&T, NTPC

🎯 Cadila Healthcare :
Cadila to raise up to Rs. 10,000 crore via QIP issue and up to Rs. 5,000 crore via issue of FCCBs.

🎯 Sundaram Finance :
Sundaram Finance Holdings to amalgamate Sundaram BPO India with Sundaram Business Services.GIC announced 1:1 bonus issue.

🎯 Himatsingka Seide :
Himatsingka Seide subsidiary’s retail division to be demerged from self.

🎯 DCM Foods :
Company approved modernisation of first extrusion line which will add 3,800 MT per annum to its capacity.

🎯 Dilip Buildcon :
Company declared L1 bidder for NHAI project in Karnataka for Rs.1,027 crore.

🎯 Lakshmi Vilas Bank :
Bank in talks with banks, PE funds to sell up to 26 % equity.

🎯 IDBI Bank :
Bank approved divestment of part stake in IDBI Asset Management.
The Board has initiated divestment of partial stake in IDBI AMC to a strategic investor.

🎯 Adani Enterprises :
Company sells 51% stake in Adani Chendipada Mining.

🎯 DB Corp :
Company approved buyback proposal for an aggregate amount of up to Rs.312.80 crore.

🎯 Punj Lloyd :
Board meeting on May 30, 2018 to consider and approve a proposal to restructure the outstanding credit facilities.

🎯 United Breweries :
The firm launched AMSTEL Beer in its super premium strong beer category.

🎯 Torrent Pharma :
Company issues commercial papers worth Rs.300 crore.

🎯 PNC Infratech :
Company declared the L1 (lowest) bidder for NHAI Project of Rs.1157 crore.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

22nd May, 2018 Morning Brief

Market may open on a flat to negative note as SGX Nifty is trading down by 12 points today morning.

Nifty50 registered another bearish candle on the daily chart and 6th in a row as a red candle. Market completely ignored global positiveness.

Rising US dollar against rupee and crude oil prices were the major cause of concern.

🎯 News & Impact 🎯

Major Results Today :
Cipla, Dr. Reddy, HPCL, IOC, SBI, Bharat forge, Bosch, Andhra bank

🎯 Bharti group firm Cedar looks to exit Future Retail, in talks with Premji Invest (Economic Times).

🎯 Fortis EGM today on changes to board of directors.

🎯 Essar Shipping board approved sale of older vessels.

🎯 Infibeam to consider fund raising on May 30.

🎯 Tata Sons unit Panatone to buy 1.33 crore shares or 4.7 % equity of Tata Communications from Tata Power at Rs 631.12 per share.

🎯 HDIL clarified that the company directors not served any notices or FIR.

🎯 CMI board approved merger of CMI Energy with self.

🎯 Future Retail to acquire retail business of “Foodworld” for Rs.41 crore.

🎯 Dhunseri to buy Egyptian co in joint venture

🎯 DHFL :
to raise up to Rs. 12K cr; NCD issue opens tomorrow.

🎯 Bank of Baroda :
Bank launches MSME factory in Gurgaon to promote funding to small biz

🎯 Sistema Shyam Teleservices sold 2,50,00,000 shares of Reliance Comm at Rs 14.36 on the NSE.

🎯 Sintex Plastics :
Morgan Stanley France SAS bought 44,90,918 shares of Sintex Plastics at Rs. 51.98 on the NSE.

🎯 Future Life :
Bennett Coleman & Co bought 34,02,022 shares of Future Life at Rs.438.

🎯 Future Lifestyle Fashions
L Catterton Asia to acquire 10% stake in Future Lifestyle Fashions

🎯 Prabhat Dairy :
Company enters milk products segment with Goodness zone.

🎯 Moddy's downgrades PNB deposit rating.

🎯 Adani-Wilmar, Patanjali in race for Ruchi Soya.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

21st May, Morning Brief

Nifty continued its losing streak for the fourth consecutive session. Nifty closed below 10600 and registered a bearish candle on the daily charts. 10530-10540 would be the next level to watch as a support.

🎯 News & Impact 🎯

Major Results Today :
DLF

🎯 Reliance :
Company gets green nod for Rs.2,338 cr expansion project in Maharashtra.

🎯 Century textile :
Company to demerge cement division and merges it with UltraTech Cement.
Positive for the stock. 👍

🎯 Parag Milk Food :
The Reserve Bank of India allowed non-resident Indians to raise their stake in company up to 24 % from earlier limit of 10 %.
Positive for the stock. 👍

🎯 Glenmark Pharma :
Company receives ANDA approval for Colesevelam Hydrochloride Tablets, 625 mg.

🎯 Dabur :
Dabur to invest Rs.250-300 crore in capacity expansion in FY19.

🎯 Hindalco :
Company plans to raise Rs.5000 crore to repay bank loans.

🎯 Endurance Tech :
Company says entitled for Rs. 283 crore industrial promotion subsidy.

🎯 Alembic Pharma :
Company gets one Form 483 observation on Karkhadi API unit.

🎯 Strides Shasun :
Board approved merger of Arrow Remedies and Fargis Medica with self.

🎯 Indoco Remedies :
Company received three observations under Form 483 for API plant at Patalganga.

🎯 Union Bank of India :
Dai-Ichi Life Holdings Inc, Japan invests in Union Asset Management Company Private Limited through compulsorily convertible preference shares (CCPS). Dai-ichi Life Holdings Inc. holds 39.62 percent stake in Union AMC and consequently, Union AMC is now co-sponsored by Union Bank of India and Dai-ichi Life Holding Inc., Japan.

🎯 Indiabulls Real Estate :
Company to buy back 2.6 crore equity shares (5.45 %) at Rs.240 each.

🎯 South Indian Bank :
RBI imposed monetary penalty of Rs. 5 crore on South Indian Bank.

🎯 Tata steel :
Tata steel completed acquisition of 72.65 % in Bhushan Steel.

🎯 AU Small Finance Bank :
Bank to raise Rs.1,000 crore from Temasek via share sale.

🎯 Ashok Leyland :
Board approved scheme of amalgamation of Ashok vehical, Ashley Powertrain and Ashok technology with company.

🎯 Inditrade Capital :
Board approved additional stake acquisition in its material subsidiary JRG Fincorp Limited of upto 10 % for Rs.24 crore.

🎯 Indian Metals & Ferro Alloys :
Announced unplanned shutdown of plant for 90 days; production loss of around 12000 tonnes & company initiated the process under insurance.

🎯 Precision Camshafts :
Acquisition of 51 percent equity shares of EMOSS Mobile Systems BV, Netherlands through PCL (International) Holding BV, Netherlands, a wholly owned subsidiary of the company.

🎯 Thermax :
Board approved to enter into a preliminary understanding with Babcock & Wilcox India Holdings Inc. (B&W) to acquire shareholding of the latter in the JV, Thermax Babcock & Wilcox Energy Solutions Private Limited (TBWES).

🎯 Skipper :
Board has approved a capex plan for capacity expansion of its engineering products division.

🎯 Kotak Mahindra Bank :
Board approved raising of funds by way of non-convertible debentures / bonds for an amount not exceeding Rs.5,000 crore and by way of non-convertible preference shares for an amount not exceeding Rs 500 crore etc.

🎯 OCL India :
Board decided to set up a new cement plant in Odisha along with waste heat recovery system and split cement manufacturing units in the eastern part of India with cement manufacturing capacity of 8 Mn TPA with a total investment of Rs.3,720 crore. The project is estimated to be completed within 24 months.

🎯

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

16th May 2018, Morning Brief

Market may open with a gap down as SGX Nifty is trading down by 65 points.

As soon as the possibility of Congress to provide support to JDS to form the Govt in Karnataka state came into picture market started declining yesterday. 

Nifty has made a day high of 10929.2 initially and collapsed to 10781.4 and closed at 10801.85. This movement has plotted an inverted hammer pattern on the daily chart which shows a trend reversal pattern. Nifty has reached its immediate target of 10930 mentioned in previous blogs. 10630 is a crucial level to hold on the closing basis.

INR against US$ closed at 68.11, a lowest since Jan, 17.

US markets slid over healthcare and tech stocks yesterday. Asian markets also trading weak in the morning trades today.

🎯 News & Impact 🎯

Major Results Today :

Hindalco, ITC, Tata Steel, PTC, Tvs motors.

Results Updates :

🎯 Britannia :
Revenue up 13 % at Rs.2,537.5 crore.
Net profit up 25 % at Rs 264 crore.

🎯 Syndicate Bank :
Q4 Loss at Rs.2,195.12 crore vs Rs. 103.84 crore;
NII falls to Rs.1,678.77 crore vs Rs. 1,861.01 crore (YoY);
Gross NPA at 11.53 % vs 9.62 % and net NPA at 6.28 % versus 5.44 % (QoQ); Provisions for bad loans at Rs.3,544.68 crore vs Rs.1,948.80 crore (QoQ) and Rs. 1,192.54 crore (YoY).

🎯 Crompton Greaves Consumer :
Revenue up 8 percent at Rs.1,126 crore.
Net profit up 32 % at Rs.103 crore.

🎯 Gammon Infra :
ICICI Bank acquires nearly 18% stake in Gammon Infrastructure.
Positive for the stock. 👍

🎯 Uttam Galva :
ArcelorMittal parks Rs.7,000 crore with SBI to clear Uttam dues.

🎯 Rcom :
Reliance Communications admitted into insolvency by NCLT bench.
Sistema Shyam lowers stake in RCom to 4.43%.
Negative for the stock.

🎯 M&M subsidiary EPC Industries :
Company to form joint venture with Israel’s Top Greenhouse.

🎯 Shree Pushkar :
Company acquired 40,000 sq metre land at MIDC, Ratnagiri for expansion purpose

🎯 Union Bank :
Bank reviews the marginal cost of fund based lending rate (MCLR) for different tenors, effective from May 16.

🎯 Biocon :
Biocon to dilute up to 2 % stake in company during May 16-August 10, to meet minimum public shareholding norms.

🎯 Wockhardt:
CARE Ratings revises rating for long term banking facilities to A/Negative from A+/Stable.

🎯 MCX :
MCX commenced options trading in crude oil contract.

🎯 Glenmark :
Company announces grant of substitution and successful launch of generic Seretide Accuhaler in Denmark.

🎯 Archidply Industries :
Company will consider, a scheme of arrangement between the company and Archidply Decor on May 30.

🎯 TCS :
Company grows its presence in Arkansas, welcoming 200+ new employees to Little Rock.

🎯 Shreyas Shipping :
Company signs MOA for acquisition of one container vessel

🎯 Syngene International :
Company's promoter sale shares of the company in the open market for achieving minimum public shareholding.

🎯 Cyient :
Company signs definitive agreement to acquire the remaining 49% stake in its subsidiary, Cyient Insights.

🎯 NTPC :
Company sings MoU to buy three power plants in Bihar.

🎯 Jet Airways :
Company offers fares starting Rs.697 for Udan flights.

🎯 Uniphore Software :
Uniphore Software to foray into US market.

🎯 J&K Bank :
Jammu & Kashmir Bank cuts loan rates for women borrowers.

🎯 Thomas Cook :
Company eyes airports to set up forex counters.

🎯 SREI Infra :
Company to open more Sahaj e-Village centres.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

14th May, 2018 Morning Brief

A flat opening expected as SGX Nifty is trading up by just 2 points in the morning today.

On Friday, Nifty50 surpassed its resistance of 10790 in the last hour  and closed above the level to claim the bullishness. It has formed a bullish candle on the daily chart.

Karnataka election results may keep market volatile tomorrow but market participants will prefer to stay cautious today.

🎯 News & Impact 🎯

Major Results Today :
HUL, South bank, Godrej Agrovet, Abbott India.

🎯 Inflation data to be released today at 12 noon.

Media news that Monsoon likely to hit Kerala before schedule. It will be positive for the market. IMD indicate that the monsoon may reach southern Indian state of Kerala by around May 25 - Expect positive for FMCG, NBFC and Auto stocks.

🎯 New India Assurance :
New India Assurance approves 1:1 bonus issue.
Positive for the stock. 👍

🎯 Godrej Agrovet :
Company increases its total shareholding from 49% to 49.90% in Godrej Tyson Foods.
Positive for the stock. 👍

🎯 Federal Bank :
Federal Bank to sell 26 % in unit FedFina to True North Enterprises.
Also, receives RBI approval to acquire 19.90 percent in Equirus Capital.

🎯 Suntv :
Revenue up 23 % at Rs.717 crore.
Net profit up 23 % at Rs.290 crore.

🎯 Graphite India :
Revenue up 3 times at Rs.1212 crore.
Net profit up 7 times at Rs. 454 crore.

🎯 Canara Bank :
NII grew 10.3 % to Rs.2,987 crore.
Net loss of Rs.4,860 crore versus profit of Rs. 214 crore.
Provisions at Rs.8,762 crore versus Rs. 1,900 crore (QoQ).
Net NPA at 7.48 % versus 6.78 % (QoQ).

🎯 Albk :
NII down 35 % at Rs.888.5 crore.
Net loss of Rs.3510 crore versus Net profit of Rs.111 crore.
Provisions up 98 % at Rs.4,783 crore (QoQ).
NPA at 8.04 % versus 8.97 % (QoQ).

🎯 UCO Bank :
NII up 33 % at  Rs. 808 crore.
Net loss of Rs.2,134 crore versus Net loss of Rs. 588 crore.
Provisions up 62 % at Rs.2,239 crore (QoQ).
NPA at 13.10 % versus 10.90 %.

🎯 OBC :
NII down 16 % at Rs.1,095 crore.
Net loss at Rs.1,650 crore versus net loss of Rs.1,218 crore.
NNP at 10.5 % versus 8.9 %.

🎯 Nilkamal :
Nilkamal plastics to enter foam manufacturing business this financial year.

🎯 Dena Bank :
RBI bars Dena Bank from further lending.
Negative for the stock.

🎯 Ashoka Buildcon :
executed a concession agreement with NHAI

🎯 Sical :
Company approves buying L&T Infra’s stake in ore terminal unit.

🎯 Aarti Industries :
Board approves demerger of home and personal care segment and merger of manufacturing operations of Nascent Chemicals with the company.

🎯 Westlife Development :
To add 25 stores in FY19.

🎯 JK Paint :
Company to raise fund by issue of secured/redeemable NCDs for an amount upto Rs 500 crore during 2018-19.

🎯 Ahluwalia Contracts :
Company secures new orders aggregating to Rs.389.81 crore.

🎯 Ajmera Realty :
Company to invest Rs.5,700 cr in 14 projects this year.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

10th May, Morning Brief

A flat opening expected as SGX Nifty is trading up by just 3 points in the morning.

A narrow range has been found in yesterday's trading though Nifty50 has made a bullish candle on the daily chart.

Today it's interesting to see whether Nifty crosses 10790 mark or not.

US market indices rose decently as energy stocks gained after a spike in crude oil prices made Asian markets to trade on a positive note.

🎯 News & Impact 🎯

Major Results Today :
Asia Paints, Titan, Adani Enterprises, Zee, Indian bank, Nestle

IPO Updates :
Indostar Capital Finance IPO subscribed 41% on Day 1

Results Update :

🎯 JSPL :
Revenue up 37 % at Rs.8599 crore.
Net loss of Rs. 308 crore from net loss of Rs. 49.5 crore.

🎯 Eicher Motors :
Revenue up 33.9 % at Rs.2528 crore.
Net Profit up 0.5 % at Rs.461.5 crore.

🎯 Sharda Cropchem :
Revenue up 29 % at Rs. 769 crore.
Net Profit up 14.5 % at Rs.113 crore.

🎯 Federal Bank :
Net Interest Income up 11 % at Rs. 933 crore.
Net profit down 44 % at Rs.145 crore.

🎯 Hikal Ltd :
Board approves 1:2 bonus issue.
Positive for the stock. 👍

🎯 Avanti Feeds :
Board approves 1:2 bonus issue.
Positive for the stock. 👍

🎯 Welspun Enterprises :
Company emerges as L1 for road project in Tamil Nadu at Bid price of Rs.1,837 crore.

🎯 Cipla :
Company partners with Mannkind for exclusive marketing, distribution of Afrezza in India.

🎯 PNC :
PNC Infratech gets Rs 33.7 crore bonus annuity from Raebareli unit.

🎯 Star cement :
Company receives Rs.200 crore towards subsidies claim.

🎯 Tata Metaliks :
Company says main production unit including Blast furnace expected to be back on stream by May 17.

🎯 Sintex Plastics :
KKR Infuses Rs 1250 crore in Sintex Plastics Technology Subsidiary, SBAPL via structured finance.

🎯 Va Tech Wabag :
Company secures repeat order worth Rs. 296 crore from Delhi Jal Board.

🎯 Jet Airways :
The Ministry of Civil Aviation has not approved the Scheme of Merger of Jet Lite (India) with Jet Airways.

🎯 Nestle :
Nestlé India to launch breakfast cereals in India

🎯 Tata Metalics :
Some parts of operational activities at Kharagpur plant will get impacted due to planned shutdown of one of Blast Furnaces - report.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

9th May, Morning Brief

Market may open on a lower side as an opening indicator SGX Nifty is trading down by 20 points in the morning today.

Yesterday Nifty made a bearish candle on the daily chart as it consolidated on a lower side after a positive opening.

Karnataka election can keep market on a cautious mode. 10640 will be the immediate support and 10790 will be the resistance as a hurdle to leap towards its short term target of 10915. Crude oil jumped to nearly 3.5 years' high also a cause of concern.

US markets ended on a flat note after President Trump’s withdrawal from the 2015 Iran nuclear agreement whereas Asian markets are trading mixed.

🎯 News & Impact 🎯

🎯 Major Results Today :
Eicher Motors, Arvind, Federal Bank, Jindal Steel & Power, OBC

🎯 Results Updates :

☝ Sintex :
Revenue down 7 % at Rs.617 crore.
Net profit up 15 % at Rs.57 crore.

☝ Whirlpool :
Revenue up 24 % at Rs.1,258 crore.
Net profit up 23 % at Rs.91 crore.

☝ ABB :
Revenue up 17 % at Rs.2525.5 crore.
Net profit up 14 % at Rs.102.5 crore.

☝ Blue Dart :
Revenue up 6 percent at Rs.717 crore.
Net profit up 39 percent at Rs.34 crore

☝ SPARC :
Revenue down 52 % at Rs.20 crore.
Net profit of Rs.2.5 crore versus net loss of Rs.32 crore.

☝ Mahindra Holidays :
Q4 net profit up 21.2% at Rs. 38.5 crore.
Revenue down 3 percent at Rs 296 crore

🎯 FMCG Stocks :
With a revenue growth of Rs 3.4 lakh crore, the fast moving consumer goods (FMCG) sector is seen rising by around 300-400 basis points  to ~11-12 percent in FY19 compared to ~8 percent in FY18, according to a CRISIL report.
Positive for FMCG stocks. 👍

🎯 Quess Corp :
The firm has completed acquisition of 90 % equity in Greenpiece Landscapes India.

🎯 Lupin :
Company submits new drug application for Etanercept Biosimilar in Japan, which is used to treat arthritis and psoriasis.

🎯 Indostar Capital :
Company garners Rs.553 cr from anchor investors

🎯 Inox Leisure :
Company commenced the commercial operations of a Multiplex Cinema Theatre located at Vashi.

🎯 Tata Steel :
Europe explores potential sale of non-core operations.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

8th May, Morning Brief

A positive opening expected in the market as the opening indicator SGX Nifty is trading up by 22 points this morning.

Asian as well as US markets were positive to support the positive opening.

A bullish piercing pattern was plotted on the daily chart by Nifty50 yesterday.

🎯 News & Impact 🎯

Major Results Today :
Abb, Aditya Birla Capital, Godrej Consumer Products, Jubilant Foodworks, SPARC

Results Update :

🎯 ICICI Bank :
Net profit down 50 % at Rs.1,020 crore. Provision up 86 % at Rs.6,626 crore (QoQ).
NPA at 4.77 % vs 4.20 % (QoQ).

🎯 Tata Coffee :
Net Profit down 86 % at Rs.6.5 crore. Revenue up 9 % to Rs.440 crore.

🎯 Pfizer :
Revenue up 19 % at Rs.520 crore.
Net profit up 42.5 % at Rs.152.5 crore.

🎯 Lupin :
Lupin Pharma receives U.S. FDA approval for generic Temovate ointment.
Positive for the stock. 👍

🎯 Unichem Lab :
Unichem Laboratories Ltd. receives ANDA approval from U.S. FDA for Valsartan Tablets.
Positive for the stock. 👍

🎯 HDFC :
SEBI holds HDFC Mutual Fund IPO to probe past lapses.

🎯 Veto Switchgears :
Company receives order worth Rs.25 crore for “Vyoma” range of Modular switches.

🎯 Tata Metaliks :
Company says operations at Kharagpur plant stopped due to issue with workers’ union.

🎯 Cigniti Technologies :
Company looks to explore business opportunities in Dubai.

🎯 Talwalkars :
Company gets in-principle nod from exchanges to list Talwalkars Lifestyles.

🎯 Siemens :
FIH Mauritius to buy 6 percent additional stake in Bangalore Airport from Siemens.

🎯 Allahabad Bank :
Bank to consider fund raising via FPO/Rights Issue/QIP on May 11.

🎯 IL&FS :
Company raise USD 55 m in rupee loan from Mashreq Bank

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

7th May, Morning Brief

Market will open on a positive note as SGX Nifty is trading up by 21 points.

Nifty opened and immediately bears took control and pushed it down to close near day's low, left Nifty to make a bearish candle called Bearish Belt Hold on the daily chart.

A weaker than expected wage growth pushed the US indices to close higher.

🎯 News & Impact 🎯

Major Results Today :
ICICI Bank, Vijaya Bank

🎯 Avenue Supermarts :
Q4FY18 standalone net profit rises 72.86 % YoY to Rs.167.10 crore.
Positive for the stock. 👍

🎯 Nalco, Hindalco, Vedanta
Base metal price on LME like Aluminium PRICE surged 5% on LME.
Positive for Nalco, Hindalco and Vedanta. 👍

🎯 MCX :
SEBI allows MCX to start options trading in crude oil.
Positive for the stock. 👍

🎯 Welspun Corp :
Company received orders along with demand from the Joint Commissioner (Appeal) - GVAT, Rajkot for an amount of Rs.178.79 crores.

🎯 Wockhardt :
Loss at Rs.154 crore versus loss of Rs. 174 crore.
Revenue up 17.6 % at Rs 1,018 crore versus Rs.865.5 crore (YoY).

🎯 Thomas Cook :
CRISIL revised its outlook of the credit rating assigned to long-term instruments of the company amounting to Rs.200 crore.

🎯 L&T :
Subsidiary company, L&T Infrastructure Development Projects (L&TIDPL) transferred its stake in five subsidiary companies to Indinfravit Trust through the infrastructure investment trust (InvIT) route on May 4, 2018.

🎯 GE Shipping :
Company approved issue of NCDs upto Rs.1000 crore by way of private placement and recommended final dividend of Rs. 7.20 per share for 2017-18.

🎯 KOEL :
Company incorporats a wholly owned subsidiary, Kirloskar Capital, for commencement of financial service business.

🎯 Bank of Baroda :
Keeps marginal cost of funds based lending rate (MCLR) at existing level across the tenors.

🎯 Cadila Healthcare :
Zydus receives final approval for Succinylcholine Chloride injection USP and tentative approval for Plerixafor injection from the USFDA.

🎯 Lancer Container Lines :
Company purchased 100 brand new 20 feet shipping container.

🎯 Smartlink Holdings :
Board of directors has approved the buyback of 56 lakh equity shares of Rs.2 at a price of Rs. 120 per share under tender offer route.

🎯 Bodal Chemicals :
Company had started the process for acquisition of land aggregating to about 4.82 lakh square metres from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar for future expansion and new projects.

🎯 PNC Infratech :
CARE has assigned credit rating on the long term bank facilities of subsidiary, PNC Khajuraho Highways Private Limited to A-; stable.

🎯 Pankaj Polymers :
Board of directors approved sale of assets of the company located at Nagpur Unit.

🎯 Manomay Tex India :
Commercial production at Denim Plant situated at Gangrar (Raj) successfully commenced.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

3rd May, Morning Brief

Market may open on a negative note as SGX Nifty is trading down by 43 points.

Yesterday, Nifty opened with a gap but failed to hold the momentum and closed near Day's low. Nifty formed a bearish belt hold kind of pattern on the daily chart which have no upper leg or no upper leg as well as lower leg with a large bearish body.

US Federal Reserve kept unchanged interest rates but signaling to hike interest rates in the next policy meeting ahead of increasing inflation. 

US stocks fell on Wednesday as potential US restrictions on Chinese telecom companies reinforced investor concerns about worsening trade relations between the United States and China.

🎯 News & Impact 🎯

🎯 Major Results Today :
Adani Port, Adani Power, IRB Infra, Vedanta.

🎯 Siemens :
Q2 net profit up 18.2% at Rs.219.7 crore, revenue up 7.6% at Rs. 3,283.4 crore.

🎯 Tata Power :
Revenue up 13  at Rs.7,895 crore.Net profit of Rs 1,404 crore versus net loss of Rs 242 crore.

🎯 Cadila Healthcare :
Zydus received final approval from US FDA for Bumetanide tablets.
Positive for the stock. 👍

🎯 HPCL, BPCL, IOC :
Crude Oil declined to below 73 dollars after touching a recent high of 77 dollars per barrel. Falling oil price will be positive for HPCL, BPCL, IOC. 👍

🎯 Biocon :
US FDA completed pre-approval inspection of Sterile drug manufacturing facility, Bangalore this week.
USFDA issues Form 483 with 7 observations.
Cautious over the stock.

🎯 Power Grid :
Company approves Rs. 461 crore of investment proposals.

🎯 Kridhan Infra :
Company's subsidiary Swee Hong wins order worth Rs.566 million

🎯 Sical Logistics :
Company received letter of acceptance from Northern Coalfields for excavation of overburden from Amlohri OCP.

🎯 ONGC :
Company drills 503 wells in FY18 - Highest in last 27 years.

🎯 Axis Bank :
The lender allotted 52,840 shares of Rs 2 each under the ESOP scheme.

🎯 Interglobe Aviation :
Q4 profit down 73% YoY on fuel price increase, foreign exchange impact.

🎯 United Drilling :
Company fixed May 10, 2018 as record date for bonus issue.

🎯 Lemon Tree Hotels :
Company opens new hotel in Srinagar.

🎯 Infosys :
Infosys partners Astound for automated services, support for enterprises.

🎯 Ganesha Ecosphere :
Board authorized opening of QIP at floor price of Rs.396.13 per share.

🎯 Techno Electric :
Company entered into share purchase agreement to acquire 26% stake in Kohima – Mariani Transmission from Kalpataru Power.

🎯 Emami Paper :
Board approved greenfield expansion project at Bharuch.

🎯 Thomas Cook :
ICRA assigned ICRA AA rating to Thomas Cook Rs.100 crore NCD

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers

2nd May, Morning Brief

Market may open on a flat note today as SGX Nifty is trading on a lower side by 14 points.

As we have seen, once Nifty crossed 10640 level, it has completed it's immediate target of 10720 and closed above it. Now it has also completed the gap between 10,736 – 10,702 levels registered on 5th February. It has plotted a bullish candle on the daily chart on Friday. This momentum may continue to complete it's next target of 10920 which doesn't mean any corrections on profit bookings is ruled out.

🎯 News & Impact 🎯

🎯 Major Results Today :
Heromotocorp, HCL Tech, Siemens, Tata Power, InterGlobe Aviation, Century Textiles, Ajanta Pharma.

🎯 Results Updates :

Hindustan Zinc :
Revenue flat at Rs.6,277 crore.
Net profit down 18 percent at Rs.2,505 crore.

Dabur :
Revenue up 6 % at Rs. 2033 crore.
Net profit up 19 % at Rs397 crore.

🎯 Auto Sales April :
*Maruti Suzuki sales rose 14.4 % to 1.72 lakh units.
*Tata Motors sales grew 86 % to 53,511 units.
*Mahindra & Mahindra sales were 22 % higher at 48,097 units.
*Eicher Motors sales jumped 27 % at 76,187 units.
*TVS Motor Company sales grew 24 % to 3.04 lakh units.
*Escorts sales rose 26.3 % at 6,186 units.

🎯 Cipla :
Company receives final approval for Phenylephrine Hydrochloride Injection.
Positive for the stock. 👍

🎯 BHEL :
Company gets hydro power project in Nepal worth Rs.536 crore.
Positive for the stock. 👍

🎯 Fortis Healthcare :
Received a letter from Munjal's Office and Burman's Office with a proposal to invest in the company.
Received revised offer from IHH Healthcare Berhad with a proposal to invest in the company.
Positive for the stock. 👍

🎯 Larsen & Toubro
L&T will sell electrical & automation biz to Schneider Electric for Rs.14K Cr.

🎯 Grasim :
Company expands capacity of Caustic Soda Lye from 600 TPD to 1000 TPD at Vilayat, Gujarat has been 50% commissioned.

🎯 Mukand :
Company's subsidiary acquired balance 81.3% equity shares in Adore Traders & Realtors.

🎯 NDTV :
NDTV approved transfer of upto 7.38% stake of the company in Red Pixels Ventures to A R Chadha And Co (India), the landlord of New Delhi office.

🎯 Powergrid :
Company declared commercial operation of elements pertaining to Powergrid Parli Transmission.

🎯 GAIL :
Company signs loan agreement for Rs. 2,000 crore term loan with SBI for general capital expenditure.

🎯 Bharti Airtel :
Company to expand in MP, Chattisgarh.

🎯  VRL Logistics :
ICRA upgraded the long term rating to ICRA A.

🎯 Godrej Properties :
Board meeting on May 4 to consider capital raising by way of preferential allotment

🎯 Lakshmi Vilas Bank :
Bank sets one-year MCLR at 9.45 % from May 1.

🎯 Mastek :
Company wins contract for U.K. Home Office Biometrics.

🎯 Maithan Alloys :
Company to set up 1.2 lakh tonne per annum ferro alloy plant in West Bengal.

🎯 MOIL :
Company says Ferro grade & fines prices have been reduced by 15 % in Q1. 5 % discount on 4 specific grade and prices of chemical grades of ore decreased by 7.5 percent.

🎯 Jaypee Infra :
Sudhir Valia to infuse Rs.3,510 crore into Jaypee Infra projects in Noida.

Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers