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
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