Market will open with a gap down as SGX Nifty is trading down by 53 points.
11360-11380 would be the support level for Nifty and 11600 will be the resistance for further journey.
New import tariffs to be announced on Chinese goods by US made Asian markets nervous in the morning.
JP Morgan reported that US may face financial crisis in 2020.
🎯 News & Impact 🎯
🎯 IRCON International :
IPO opens at Rs. 470-475.
🎯 REC :
Net Interest Income down 10.5 % at Rs 2,041 crore.
Net Profit up 36.5 % at Rs 1,468.7 crore.
🎯 Kirloskar Pneumatic :
Company has fixed Sept. 27 as its share-split record date.
🎯 Gammon Infra :
Company received Rs.14.7 Cr from NHAI for sale of its subsidiary company in 2016.
🎯 MEP Infrastructure Developers :
Toll tax department asked the company to extend suspension of collection of toll tax from any specified commercial vehicle till Sept. 30.
🎯 Sterlite Technologies :
Company will be making an addition of 15 million fibre km to its optical fibre cabling capacity.
🎯 Infosys :
Infosys to acquire 100 % stake in cloud consulting and training services company Fluido for Euro 65 million.
🎯 Cipla :
Company's Uganda arm raised 16,646.8 crore shillings (UGX) from its IPO listing in the East African country.
🎯 Wipro :
Company's arm signed an agreement with Mercury Network to jointly offer loan appraisal management platform.
🎯 Future Supply Chain Solutions :
The company is appointed as the logistics partner for the brand “Voltas Beko”.
🎯 Dynemic Products :
Company has received an environment clearance for its unit III project located at Dahej in Bharuch.
🎯 Uday Jewellery :
Company has started export of its speciality jewellery and has completed its first export.
Edited by Sharp.
© 2018 Sharp Investment & Financial Advisers
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